The Daily: Trump plans executive order to make crypto a ‘national priority,’ XRP market cap approaches $200 billion and more
2025-01-18
Category: None

Happy Friday! As we approach a potential storm of volatility surrounding President-elect Donald Trump's inauguration on Monday, take a moment to relax and catch up on the latest crypto developments.
In today's newsletter, Trump reportedly intends to issue an executive order to set crypto as a "national priority" as bitcoin reenters $100,000 territory, XRP options data suggests bullish sentiment as its market cap nears $200 billion, Ethereum developers aim for a mainnet upgrade in March and more.
Meanwhile, news is breaking that Digital Currency Group has agreed to pay a $38 million settlement penalty with the SEC.
Let's get started.
Trump executive order to make crypto a 'national priority'
U.S. President-elect Donald Trump plans to issue an executive order making crypto a "national policy priority" after his inauguration on Monday, Bloomberg reported, citing sources familiar with the matter.
XRP market cap approaches $200 billion
XRP derivatives activity is surging, with a sharp rise in call options as its price and futures open interest hovers around all-time highs.
Ethereum Pectra upgrade aimed for March
Ethereum developers aim to launch the Pectra mainnet upgrade in March, providing hard forks on its Sepolia and Holesky test networks go as planned in February.
SoSoValue set to airdrop 49 million tokens
Crypto market data provider SoSoValue, best known for its ETF flow tracking, is set to distribute 49 million SOSO tokens, or 4.9% of its total supply, during the first season of its airdrop, which begins next week.
Phantom raises $150 million at $3 billion valuation
Web3 wallet developer Phantom has raised $150 million in a Series C funding round at a $3 billion valuation, led by Sequoia and Paradigm, with participation from a16z and Variant.
Looking ahead to next week
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