Good Morning,

Did you catch Bitcoin’s new all-time high yesterday!? We sure did!

Here's a quick preview of today’s content: Bitcoin reaches new all-time high as ‘euphoric’ markets watched Donald Trump inaugurated as 47th president, Mark Cuban and Coinbase exec give thoughts on the memecoin mania, Solana continues to see massive transaction delays, weekly institutional crypto inflow 50x from last week, and much more.

Happy Tuesday, Crypto is Never Quiet. Let’s dive in.

Market Snapshot

• Bitcoin reaches a new all time high of $109k as investors pour capital into BTC on Trumps inauguration day

• MELANIA memecoin dumps 60%, below $3.6, on inauguration day

Market Predictions

• Traders on Kalshi are currently predicting if Trump will create a National Bitcoin reserve this year - 63% of traders currently think he will.

• You can trade this market by checking out Kalshi

• Get a $20 bonus when you deposit $100 or more with code “LIT” on signup

Headline Roundup
^{_{The major headlines driving crypto markets}}

• Crypto liquidations surge to $1.3B after Trump failed to mention Bitcoin in inaugural speech (TB)

• Coinbase users experience hours-long delays for Solana transactions due to Trump’s memecoin frenzy (CT)

• Commissioner Mark Uyeda will temporarily serve as the SEC’s acting chair (DC)

• Commissioner Caroline Pham will serve as the CFTC’s acting chair (CD) 

• Trump-backed World Liberty swaps $90M of stablecoins for Ether, Chainlink, and other tokens (TB)

• Bitcoin volatility climbs to a 6-month high (CD)

• The FDIC is accused of omitting additional crypto ‘pause-letters’ it sent to banks (CT)

• Hashgraph Association partners with Taurus to advance adoption of Hedera’s HBAR cryptocurrency (CT)

• The Ethereum Foundation is exploring staking $1B of Ethereum (TB) 

• Mark Cuban slams Trump’s official meme coin as regulatory setback for the entire space (DC)

• Elon Musk-led DOGE is set to be sued after Trump takes office (CT)

• The Ethereum Foundation moves $167M of Ethereum to a wallet used to support DeFi (TB)

• Video-sharing platform Rumble acquires its first Bitcoin (CS) 

• El Salvador acquires an additional 11 Bitcoin (DC)

• Bitcoin exchange Unbank awards BTCPay Server Foundation a $25K Bitcoin grant (BM)

• Former Coinbase CTO Balaji Srinivasan blasts memecoins as ‘zero-sum lottery’ (CD)

Launches

• YouTuber Rons Basement accidentally created $300M memecoin Unicorn Fart Dust (DC)

• Nillion announced a NIL token airdrop and $50M in funding ahead of its Alpha Mainnet launch (TD)

• BNB Chain launches no-code solution for memecoin creation (TD) 

• CMC Group of Companies is launching Liquid NFTs marketplace to improve liquidity (CD) 

Venture Capital

• Gate Ventures commits $20M to BNB Incubation Alliance (CN)

• Nexity Network raises $8.2M led by Rollman Group (CH)

• EVAA, TON ecosystem DeFi lender, secures $2.5M from Animoca Ventures and others (CC)

• Grix Finance announces $1.1M seed round from Collider Labs (GF)

Regulation

• Crypto exchange Gemini selects Malta as its dedicated European hub (CT) 

Cybersecurity

• Indian crypto vendor sentenced to over 10 years in prison for money laundering (DC)

• Three money launderers ordered to pay €23M over cryptocurrency scam (CPS)

Extra Reads

• Crypto Security vs Cybersecurity

  Learn the Difference Here

• Is a Bitcoin Supercyle possible?

  Here’s How Institutional Adoption Can Create It

Chart of the Day

Coin aggregators add new category list: “Made in the USA” 🇺🇸

Meme Dump

Pls send us crypto memes to be featured in the newsletter 🤝

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