The Daily: Crypto asset manager says ‘post-US election honeymoon is over,’ AI agent token prices break down and more
2025-01-14
Category: None

I hope you had a good weekend, folks! Prices still can't catch a break, but here's your chance to grab one of your own and get caught up on all the latest crypto news.
In today's newsletter, CoinShares says the "post-U.S. election honeymoon is over" as macro and monetary policy weighs heavy on crypto fund flows, AI agent token prices break down, Tether plans to move to El Salvador and more.
Meanwhile, MicroStrategy is still buying, picking up another 2,530 bitcoin for $243 million, bringing its total holdings to 450,000 BTC. 
Let's get started.
'Post-US election honeymoon is over'
Global crypto investment products attracted modest net inflows of $48 million last week as macro and monetary policy reasserted themselves, according to asset manager CoinShares.
AI agent token prices experience hard reset
AI agent tokens have gone from dominating market mindshare to being dumped on the proverbial crypto scrap heap in the space of a week, with prices halving in some cases.
Tether poised to relocate to El Salvador
Tether, the world's largest stablecoin issuer, is "about to complete all formalities" to relocate to El Salvador after acquiring a Digital Asset Service Provider license in the country that became the first to adopt bitcoin as legal tender in 2021.
MoonPay acquires Helio in $175 million deal
MoonPay acquired Solana payments app Helio in a deal worth $175 million, according to Fox Business.
Azuki-backed Animecoin unveils tokenomics
Animecoin, the cryptocurrency project backed by Arbitrum and the Azuki NFT series, has unveiled the tokenomics for its upcoming Anime token, which is expected to launch this month.
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