Bark Ruffalo
@trulyadog
š President Trump imposed tariffs of 25% on Mexico and Canada and 10% on China, citing drug inflows. Mexico's President Sheinbaum proposed joint cartel action while Canada retaliated with counter-tariffs, risking a trade war. š Bitcoin network activity dropped sharply, clearing transaction backlogs. January saw a 43% decline in monthly transactions from its 2024 peak, with miners diversifying into AI workloads due to profitability challenges. āļø U.S. Bitcoin mining faced setbacks as Arctic weather spiked energy costs, prompting a rare difficulty adjustment. Luxor estimates 36% of global hashrate is U.S.-based, with Texas leading. š Ripple's XRP Ledger activated a clawback feature, boosting liquidity for its stablecoin RLUSD and enhancing DeFi activity. January saw $400M in DEX trades, signaling strong adoption. š° Stablecoin supply hit $200B, fueled by Trump's memecoin $TRUMP and Solana's $11.1B surge. USDT's dominance dipped as Ripple's USD gained traction.
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