dungnguyen

@dungnguyen111

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The US stock market ended phase six in the red, while Bitcoin fluctuated around 96K USD after President Donald Trump announced he would announce countervailing taxes with many countries next week. The European Union will propose cutting car import taxes to help the US avoid a trade war with President Trump.

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According to the New York Post, Ripple CEO Brad Garlinghouse is said to be appointed as an advisor to the White House Crypto Council 🇺🇸 Other potential candidates for the 24 council seats include: - Marco Santori, former general counsel of Kraken - Frank Chaparro, host of crypto podcast The Scoop - Jeremy Allaire, CEO of Circle, with major Trump campaign donors and other prominent executives This team will shape the administration's direction of crypto policy.

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Michael Saylor's company MicroStrategy has changed its name to Strategy. “Strategy is the world's first and largest Bitcoin holding company.”

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- Stablecoin legislation is moving forward rapidly: Sen. Tim Scott confirmed that stablecoin legislation is moving forward strongly with bipartisan support. Rep. French Hill emphasized that both the market structure and stablecoin bills will be developed simultaneously in a bipartisan manner in the House. - Assessing the feasibility of a Bitcoin reserve: White House advisor on Crypto and AI David Sacks said that one of the top priorities is assessing the feasibility of a Bitcoin reserve. However, discussions are still in the early stages, as some members of the Presidential Working Group on Digital Assets have not yet been confirmed. Source X @EleanorTerrett

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Key takeaways from today’s digital asset briefing 🇺🇸: - Forming a bicameral crypto regulatory committee: The House Financial Services Committee, House Agriculture Committee, Senate Agriculture Committee, and Senate Banking Committee are forming a bicameral committee to lead crypto regulatory efforts, prioritizing stablecoin and market structure legislation. - Senate pushes crypto bill: Senate Banking Committee Chairman Sen. Tim Scott said he plans to “be as aggressive as possible” to pass bills within the first 100 days. - Building on existing legislation: The committees plan to use the FIT21 bill as a foundation for market structure legislation and will incorporate the new stablecoin bill introduced by Sen. Hagerty as a starting point.

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What's on your mind re: Farcaster? Where can I share additional context / thinking?

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President Trump signs an executive order establishing the first US Strategic Sovereign Asset Fund, moving one step closer to having a Bitcoin repository.

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The stock futures market 🇺🇸 is also 🔴

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Canadian Prime Minister 🇨🇦, Justin Trudeau, announced a 25% payment tax on $155 billion of US goods 🇺🇸 Prime Minister Trudeau was the first to respond, maybe because he offered his resignation at the end of this year, so he took a trip with Trump.

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Tether reports profits of $13 billion in 2024, based on confirmation from audit firm BDO. In the fourth quarter, Tether achieved: - Record high in US bond holdings ($113 billion, including direct and indirect). - Total USD₮ in circulation: 136,613,782,874. - Excess reserve fund (for the first time exceeding 7 billion USD more than needed, an increase of 36% over the previous year).

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Tether launches USDt on Bitcoin's Lightning Network.

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Tether BRRR again… printing another 1 billion USDT

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Elon Musk's X has partnered with Visa to launch X Money Account, allowing users to transfer money between bank accounts and e-wallets, as well as make instant payments. This is X's first step in building a financial ecosystem.

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Nvidia dropped -16.56%, NASDAQ index dropped nearly -3.5% due to concerns about Deepseek AI

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Former presidential candidate and Ohio Governor hopeful Vivek Ramaswamy supports Ohio's new strategic Bitcoin contingency bill. Ohio State's Strategic Crypto Reserve Bill Allows Up to 10% Investment in Bitcoin.

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The Trump family's crypto project, World Liberty, purchased 3,001 ETH and 95 WBTC through Cow Protocol on January 25. Additionally, they staked an additional 4,700 ETH through Lido Finance. Currently, the project holds a total of 54,564 ETH and 19,403 stETH, worth about 244 million USD.

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Financial Times: US securities regulator opens way for Wall Street banks to store crypto (after canceling SAB121)

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SEC officially rescinds SAB 121, paving the way for banks to offer Bitcoin custody services.

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Circle CEO Jeremy Allaire said he believes President Trump will repeal SAB 121 to allow banks to custody cryptocurrencies.

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