Google Trends shows searches for “how to buy crypto” hit a 5-year high, reaching a value of 100.

Ecstatic at the swearing-in ceremony of 47th U.S. President Donald Trump, his close associate, tech mogul and X CEO Elon Musk claimed in his address that he is going to take “DOGE to Mars”, after adding that Trump’s inaugural ceremony “feels like victory.” Musk’s...

TikTok stopped working for users in the U.S. late on Saturday

The United States is set to hit its $36 trillion debt ceiling on Jan. 20, the day President Trump takes office. The Treasury Department, under the direction of Secretary Janet Yellen, has announced a debt issuance suspension period that will begin on Jan. 21 and last...

Coinbase users have experienced significant delays with Solana transactions following the launch of memecoins by former President Donald Trump and his wife Melania. The delays began after the TRUMP token was launched on Jan. 18, followed by the MELANIA token on Jan....

Donald Trump was inaugurated as the 47th President of the United States on Jan. 20, delivering a speech that celebrated American innovation and entrepreneurship. However, neither his address nor his administration’s “America First Priorities” included any mention of...

World Liberty Financial (WLF), a decentralized finance (DeFi) platform tied to U.S. President Donald Trump, made waves on Jan. 20 by purchasing over $100 million worth of cryptocurrency. Data from Arkham Intelligence revealed that WLF’s wallet executed large-scale...

President Donald Trump didn’t mention bitcoin (BTC) during his inaugural speech and crypto was absent from his first batch of executive orders, but Polymarket bettors are confident a pardon for Silk Road founder Ross Ulbricht will be coming soon.
A Polymarket contract asking who Trump will pardon in his first 100 days in office shot up to 99% after posts on X from Elon Musk, and Angela McArdle, chair of the Libertarian National Committee, said that a pardon for Ulbricht was in the works.

Pres. Trump’s staff just confirmed to me Ross’s pardon will be issued late tonight or tomorrow morning. ❤️
— Angela McArdle (@angela4LNCChair) January 21, 2025

Trump first promised to pardon Ulbricht during a campaign stop at the Libertarian National Convention last May.
“If you vote for me, on Day 1, I will commute the sentence of Ross Ulbricht to a sentence of time served,” Trump said during a speech last year. “He’s already served 11 years, we’re gonna get him home.”
Ulbricht was sentenced to life in prison without the possibility of parole in 2015 for his role in the operation of the Silk Road marketplace, which pioneered the use of the dark web.
Supporters of Ulbricht say that his sentence was disproportionately long for the crime.
Elsewhere on the Polymarket pardon list is Roger Ver, an early bitcoin investor and bitcoin cash (BCH) advocate, who was indicted for tax fraud last April, and the market is giving a 32% chance of a pardon taking place in the first 100 days.
Despite crypto playing a prominent part of Trump’s campaign, Polymarket bettors are only giving a 43% of a crypto executive order, regarding the use, trading, or legal status of digital assets, happening in the first week.

President Donald Trump didn't mention bitcoin (BTC) during his inaugural speech and crypto was absent from his first batch of executive orders, but …

A short-lived Trump family token frenzy has left hopeful investors with steep losses.
Official memecoins of U.S. President Donald Trump and First Lady Melania are down as much as 60% in the past 24 hours amid heavy profit-taking after Monday’s inauguration. Futures tracking the two tokens have fared similarly bad for traders — with liquidation losses at nearly $70 million for those betting on higher prices.

These are not thinly-traded tokens where prices are easy to shift, either. Data shows TRUMP amassed over $19 billion in volumes over a 24-hour period, while MELANIA saw $4.5 billion exchange hands.
Major tokens, such as Tron’s TRX and Cardano’s ADA did under $4 billion in volumes in the same period, indicative of the high interest in the Trump family-themed tokens.
Overall buying volumes are stalling in line with prices on trading application Moonshot, which was among the first to offer TRUMP to retail traders. A Dune dashboard created by @Seoulcalibur.eth shows volumes have dropped from an average above $6 million on Jan.18 to Jan.19, to just over $1 million in the past 24 hours.

(Seoulcalibur.eth/Dune)
Crypto markets expected Trump to mention the asset class in his inaugural speech — such as plans of a promised strategic bitcoin reserve — but the lack of relevant words saw BTC fall from a Monday high above $109,000 to just over $101,000 in Asian morning hours Monday.

Traders remain optimistic about a pro-crypto policy in the near term, however, with a focus on Solana’s SOL tokens.
“Launching $TRUMP on SOL proves to be a significant endorsement of the chain, making it plausible that the SOL ETF could gain approval much earlier than expected,” Singapore-based QCP Capital said in a Tuesday broadcast. “With increased media exposure from similar launches, retail inflows will likely come streaming in.”
“The launch of Trump’s memecoin appeals not only to the retail memecoin moonshot masses, but also to major institutions as it solidifies the president’s pro-crypto stance. Institutional investors are on the edge of their seats, awaiting concrete pro-crypto policies that could significantly influence the future of the economy,” the firm added.