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Wall Street's Crypto Adventure Under Trump Is On!
Rich Webb
February 11, 2025 • Read Time: 11 minutes
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Wall Street's heavyweight banks are doing an about-face, diving headlong into the cryptosphere under the Trump administration's warm embrace of digital assets. With regulatory roadblocks giving way to a more relaxed landscape, financial giants like Morgan Stanley, Bank of America, and RBC are beginning to stake their claims.
President Trump’s friendly tone towards cryptocurrencies, including moves hinting at a national Bitcoin reserve, has these banks gearing up for a flood of IPOs and other market opportunities. It's a new dawn as traditional finance wades deeper into crypto waters. Let's dive in!
Wall Street banks are shifting towards crypto amid Trump's pro-crypto policies, anticipating a surge in IPOs and capital market activity. — Read More
North Carolina seeks to invest 10% of public funds into high-market-cap cryptocurrencies, led by Speaker Destin Hall. — Read More
Trump's plan for the U.S. to hold digital currencies is strategically sound, and critics' fears are greatly exaggerated. — Read More
Japan's FSA considers major crypto policy shifts, including ETFs and tax reductions to 20%. — Read More
Crypto VC median deal sizes plummet nearly 90% despite Bitcoin's record high. — Read More
Gemini receives in-principal approval in Malta for an Investment Firm license to offer crypto futures across the EU. — Read More
Crypto venture capital sees slight funding rebound but increased investor selectivity in 2024, driving up valuations. — Read More
B3, built on Ethereum's Base by ex-Coinbase staff, unveils token on Bybit and soon on Coinbase, enhancing Web3 gaming. — Read More
Injective's on-chain index tracks hundreds of major stocks, blending TradFi with DeFi on Helix DEX. — Read More
Roskomnadzor blocks BestChange as Russia intensifies cryptocurrency regulations, impacting key services. — Read More
DDA expands into France to meet rising crypto investment demands, opening a Paris office led by Romain Bensoussan. — Read More
Crazy stat: 70% of cryptocurrencies are now worth less than before the U.S. elections
— Milk Road (@MilkRoadDaily)
10:41 PM • Feb 10, 2025
Bitcoin Nears Triumphant $116K As 'Permanent Holder Demand' Surges
Bitcoin's price targets $116,000 driven by increased 'permanent holder demand' during Trump's influence, sustained by institutional growth and strong technical patterns.
Bitcoin Hints at $100K as Key Support Reclamation
Bitcoin's price movement remains sluggish with $100,000 now eyed as a crucial support level.',"Snippet": "Bitcoin briefly rose to $98,349 but remains range-bound as traders deem $100,000 crucial for a breakout. Despite buying by Strategy Group, market volatility favors cautious sentiment, with downside risk persisting."} }) assistant _(
Coinbase CEO Predicts Massive Bitcoin Growth
Coinbase CEO expects Bitcoin adoption to hit several billion by 2030.
Tesla Gains $600M from Bitcoin Holdings in Q4 2024
Tesla reports $600 million Bitcoin gain in Q4 2024, updated FASB rules enable real-time digital asset valuation.
Bitcoin Futures Funding Rate Hits Neutral
Bitcoin futures funding rate reaches a neutral stance on Binance, Bybit, and OKX, signaling potential price movement.
Solo Bitcoin Miner Strikes $310K Jackpot
A solo Bitcoin miner defies odds, winning $310K for mining a block.
Michael Saylor's Firm Resumes Bitcoin Buying Spree
Michael Saylor's firm, rebranded as Strategy, buys $742 million in Bitcoin after a brief pause.
[🌲] MICROSTRATEGY ACQUIRES 7,633 BITCOINS AT AN AVERAGE PRICE OF $97,255
— Tree News (@TreeNewsFeed)
12:47 PM • Feb 10, 2025
Ethereum Bulls Eye $4,000 Amid Volatility
Technical experts signal Ethereum's potential rebound to $4,000, needing key support to hold.
Ethereum Funds Surpass Bitcoin ETFs
Ethereum-related funds outperformed Bitcoin ETFs with $793M in weekly inflows, spurred by price drop and Eric Trump's tweet, surpassing Bitcoin's $407M.
Ethereum Inflows Surge Amid Crypto Investment Boom
Ethereum dominates crypto inflows with $793M as investments hit $1.3B total.
Ethereum May Be Gearing Up for a Price Rebound
Ethereum price decline hints at a potential rebound, with oversold conditions and short squeeze possibility.
Ethereum Fees Plunge Below $1M Amid Market Pressure
Ethereum transaction fees drop below $1M as short selling spikes, amid regulatory and competitive pressures.
What is happening with Ethereum?
Short positioning in Ethereum is now up +40% in ONE WEEK and +500% since November 2024.
Never in history have Wall Street hedge funds been so short of Ethereum, and it's not even close.
What do hedge funds know is coming?
(a thread)
— The Kobeissi Letter (@KobeissiLetter)
11:32 PM • Feb 9, 2025
The Graph (GRT) Eyes Bullish Rebound After Correction
GRT eyes a bullish breakout after a 17% reversal, targeting crucial Fibonacci resistance levels.
Solana's $200 Barrier Holds Despite Market Cycle Concerns
Solana prices face long-term weakness but defend $200 support amid signs of a market cycle top.
HYPE Price Finds Support Amid Uncertainty
HYPE shows support with pending trend confirmation, key levels in focus for potential breakout.
Whale Accumulation Signals Possible EIGEN Rebound
EIGEN whales deploy $165M as price hits all-time low, suggesting potential recovery.
Sui Network: Revolutionizing Layer-1 Blockchain
Sui Network challenges traditional blockchains with innovative scalability solutions, setting new standards in asset management and transaction speeds.
Litecoin Surges on ETF Approval Speculation
Litecoin jumps 12% after analysts rank it top for ETF approval, with Dogecoin also gaining favor despite its meme coin status.
Cardano Eyes Rebound as February Speculation Grows
Cardano's price rallies above $0.70 with bullish speculation that it may collaborate with the US Treasury, but macro events pose a risk.
Chainlink Experiences Market Pressure and Bullish Opportunities
LINK's price falls to $18.64 amid week-long decline, with resistance at $23.78 and recent whale sell-off indicating declining short-term confidence.
TAO Price Soars 20% Amid Bullish Surge
Bittensor's TAO climbs 20%, aiming for $600 as bullish momentum builds, with increased open interest signaling sustained gains.
Helium (HNT) Bounce: Short-Lived Rally?
Helium's (HNT) price bounced 40% at $3 support, but remains bearish long-term.
Trump's Pro-Crypto Policies Boost iDEGEN's Prospects
Trump's crypto-friendly actions could propel iDEGEN as it prepares for exchange listings, benefiting from a favorable regulatory environment.
South Korea Urges Approval of Crypto ETFs
Korea Exchange chairman Jeong Eun-bo pushes for crypto ETF approval amid market crisis, pointing to U.S. success as a model.
British crypto broker escapes kidnapping in Spain, suspects arrested.
SEC Set to Approve Ripple, Solana, Litecoin, and Doge ETFs by 2025
SEC's crypto-friendly shift boosts approval odds for Litecoin, Dogecoin, Solana, and XRP ETFs, poised for decision by year-end 2025, as Trump’s influence grows.
SEC to Acknowledge XRP and Dogecoin ETF Filings
Seyffart estimates high approval odds for XRP and Dogecoin ETFs amid fresh SEC scrutiny, regulatory debates heat up.
Council Pleads Guilty to SEC X Account Hack
Eric Council Jr. pleads guilty to SEC account hack, could face two years jail.