Trump’s New Crypto Policies May Help Accelerate The Digital Euro Launch

🔥Heat Map:

🌍 Daily Crypto Market Overview

Global Stats:

• Cryptocurrencies: 11.1M+

• Exchanges: 787

• Market Cap: $3.17T (-0.72%)

• 24h Volume: $95.55B (+32.50%)

• Bitcoin Dominance: 60.7%

• Ethereum Dominance: 10.0%

• ETH Gas Price: 0.86 Gwei

• Fear & Greed Index: 35 (Fear)

🪙 Top 5 Cryptocurrencies by Market Cap:

FROM OUR FRIENDS @ BYBIT

Sign up for a Bybit account and claim exclusive rewards from the Bybit referral program! Plus, claim up to $6,045 USDT bonus at https://partner.bybit.com/b/hodltopic or click the image below.

🚀 Trending on DexScan:

1. EAGLES/SOL +429%

2. WOMP/SOL +9999%+

3. Fumbler/SOL +291%

4. CAR/SOL +9999%+

5. Barstool/SOL +57.30%

💹 Market Highlights:

• Total DeFi Volume: $7.29B (7.63% of total 24h volume)

• Stablecoins Volume: $87.11B (91.17% of total 24h volume)

• Coin with highest percentage change: TSTS +25.09%

📈 Preview On Today’s News:

1. - Trump’s New Crypto Policies May Help Accelerate The Digital Euro Launch

2. - ScanGram Secures $20M to Revolutionize NFT and Token Utility

3. - Elon Musk’s D.O.G.E Cuts Could Trigger a U.S. Economic Depression

Keep reading below for more!

Have you heard of Chain of Thought?

Today’s News:

1)

Trump’s New Crypto Policies May Help Accelerate The Digital Euro Launch

Donald Trump’s potential crypto-friendly policies could push the European Central Bank (ECB) to accelerate the development of the digital Euro. ECB board member Piero Cipollone suggests that the European Union aims to finalize legislation by mid-2025, fearing that U.S. stablecoins like USDT and USDC may undermine European banking stability. The ECB plans to complete the digital Euro’s preparation phase by November 2025 before conducting feasibility tests. The rise of stablecoins and the growing digitization of finance highlight the urgency for Europe to establish a secure and competitive digital currency.

• Trump’s potential regulatory changes could shift global crypto leadership, prompting the ECB to speed up digital Euro legislation.

• The ECB plans to finalize the digital Euro’s development by late 2025, fearing stablecoins could destabilize European banks.

2)

ScanGram Secures $20M to Revolutionize NFT and Token Utility

Blockchain startup ScanGram has secured a $20 million investment commitment from Crude Capital, positioning itself as a key player in the growing blockchain fee model and NFT utility space. The funding will accelerate ScanGram’s expansion, enabling it to redefine how digital assets are utilized, monetized, and traded through decentralized monetization strategies. With a focus on NFTs and tokenized economies, the platform aims to empower creators, brands, and users by integrating transactional fees and exclusive access into the blockchain ecosystem. Crude Capital’s investment underscores its confidence in ScanGram’s potential to disrupt traditional monetization models and drive broader adoption of blockchain-enabled financial interactions.

• ScanGram received a $20 million investment from Crude Capital to scale its blockchain fee model and enhance NFT utility.

• The platform aims to revolutionize digital asset monetization by integrating tokenized transactions, exclusive access, and decentralized monetization strategies.

3)

Elon Musk’s D.O.G.E Cuts Could Trigger a U.S. Economic Depression

Elon Musk’s Department of Government Efficiency (D.O.G.E) aims to slash $1.8 trillion from the U.S. federal deficit, but economists warn this could lead to a 9.4% GDP contraction—more severe than the 2008 recession. If Musk's plan reaches $2 billion in daily spending cuts, inflation may decline, but mass layoffs, bankruptcies, and a collapse in industries reliant on government contracts could push the U.S. into a depression. With national debt rising by $12 trillion in just five years, Musk sees drastic cuts as necessary, yet his access to federal financial databases was blocked just weeks into the initiative.

• Musk’s D.O.G.E initiative proposes aggressive spending cuts that could shrink U.S. GDP by 9.4%, a decline worse than the 2008 financial crisis, potentially leading to mass layoffs and economic turmoil.

• The U.S. debt has surged by $12 trillion in five years, prompting Musk to target wasteful government spending, but his access to financial data has already been restricted amid rising concerns.

Thank you Origin Graphics!

A quick break to thank Origin Graphics, the talented team behind our GFX. If you're looking for affordable, professional, and eye-catching graphics, they’ve got you covered! Click the Gif or link below and get started today! https://origingraphics.art

4)

University of Austin Launches $5M Bitcoin Fund Amid Institutional Shift

The University of Austin has established a $5 million Bitcoin fund as part of its $200 million endowment, reinforcing the growing trend of institutional adoption of digital assets. The university aims to hold Bitcoin for at least five years, following strategies employed by companies like MicroStrategy. This move aligns with the broader institutional shift, as seen in Emory University’s Bitcoin ETF holdings and increasing interest from younger generations in cryptocurrency as a retirement asset. However, some institutions remain hesitant due to regulatory uncertainties, with financial leaders like Brian Neale emphasizing the need for clearer guidelines from agencies like the SEC before integrating Bitcoin into their portfolios.

• The University of Austin's $5 million Bitcoin fund underscores rising institutional confidence in digital assets, joining other educational institutions in Bitcoin adoption.

• Despite growing interest, some institutions remain cautious due to regulatory uncertainty, with financial leaders calling for clearer guidelines before wider adoption.

5)

Solana’s Network Growth Surges with 5M Daily Addresses

The Solana blockchain is experiencing rapid expansion, with over 5 million new addresses created daily, highlighting its increasing adoption and network activity. At its peak in late 2024, daily new addresses exceeded 9 million, coinciding with Solana’s price surge to around $250. Despite a slight dip in early 2025, network growth remains significantly above the early 2024 average of 3 million daily addresses. Analysts emphasize that while these figures showcase strong adoption, long-term success will depend on real-world utility, sustained activity, and upcoming scalability upgrades.

• Solana’s network has grown exponentially, reaching over 5 million new addresses daily, with a peak of 9 million in late 2024 alongside a price high of $250.

• Despite a recent decline, adoption remains strong, but analysts stress that real-world utility and sustained network activity will be key to long-term success.

6)

Wynn Resorts Secures $2.4B Loan for UAE’s First Casino Resort

Wynn Resorts has secured a $2.4 billion loan to develop Wynn Al Marjan Island, the first Las Vegas-style casino resort in the UAE, set to open in 2027. Located in Ras Al Khaimah, the project will feature luxury accommodations, a commercial casino, fine dining, retail spaces, and entertainment facilities. The financing, structured as a seven-year delayed draw facility, was arranged by major regional and international banks, including First Abu Dhabi Bank and Emirates NBD. Regulatory backing from the UAE's General Commercial Gaming Regulatory Authority has granted Wynn Resorts an exclusive license, temporarily monopolizing the region’s casino market. However, other major operators are exploring entry into the UAE’s growing gaming sector.

• Wynn Resorts secured $2.4 billion in financing to develop the UAE’s first casino resort, set to open in 2027 with luxury accommodations and entertainment.

• Regulatory approval grants Wynn Resorts a temporary monopoly, but competition is expected as other global operators eye the UAE market.

7)

Bitcoin’s Funding Rates Remain Positive Despite Price Decline

Bitcoin’s recent price drop has not deterred traders, as the average funding rate across 11 major exchanges remains positive, according to analytics firm Alphractal. This suggests that more traders are maintaining long positions, even though only BitMEX and OKX show negative funding rates. Alphractal warns of potential market shifts: prolonged positive funding rates could lead to over-optimism and liquidation risks, while a widespread switch to negative rates might signal a bearish market. Investors are advised to monitor these rates closely as a potential indicator of changing market sentiment.

• Bitcoin’s funding rates remain positive across most exchanges despite its recent price decline, reflecting continued trader optimism and a higher ratio of long positions.

• Alphractal cautions that prolonged positive rates may heighten liquidation risks, while a shift to negative rates could indicate a bear market led by short traders.

8)

BlackRock Expands Bitcoin Investment Products to Europe

BlackRock, the world’s largest asset manager, is set to launch a spot Bitcoin exchange-traded product (ETP) in Europe, marking its first venture into the region’s crypto investment market. This expansion follows the massive success of its U.S.-listed Bitcoin ETF, which has accumulated nearly $60 billion in assets. The European Bitcoin ETP is expected to be based in Switzerland, with promotional efforts starting soon. CEO Larry Fink has reinforced Bitcoin’s role as a hedge against currency devaluation, predicting institutional adoption could drive its price to $500,000–$700,000. BlackRock’s move highlights the growing demand for cryptocurrency investment products among institutional investors worldwide.

• BlackRock is launching a spot Bitcoin ETP in Europe, following the success of its U.S. Bitcoin ETF, which has amassed nearly $60 billion in assets.

• CEO Larry Fink sees Bitcoin as a hedge against currency devaluation and expects institutional adoption to push its value significantly higher.

9)

Florida Senator Proposes Bitcoin Investments to Hedge Against Inflation

Florida Senator Joe Gruters has introduced a bill allowing up to 10% of the state’s financial reserves to be invested in Bitcoin and other digital assets. The proposal, presented on February 7, aims to protect state funds from inflation by granting State CFO Jimmy Patronis the authority to allocate Bitcoin investments across various accounts, including the general reserve and budget stabilization fund. Gruters emphasized Bitcoin’s rising adoption by major financial institutions like BlackRock and Fidelity as a reason for its inclusion in state reserves. This initiative follows a similar legislative move in Wyoming, which proposed a more conservative 3% cap on digital asset investments. Florida’s plan builds on previous discussions led by Patronis, who has advocated for Bitcoin as a "digital gold" hedge and suggested a pilot program under the Florida Growth Fund to assess its viability.

• Florida Senator Joe Gruters introduced a bill permitting up to 10% of state funds to be invested in Bitcoin to hedge against inflation and diversify reserves.

• The initiative follows Wyoming’s similar proposal with a 3% cap, aligning with State CFO Jimmy Patronis’ push for Bitcoin as a “digital gold” asset in Florida’s financial strategy.

10)

David Sacks: Clearer Crypto Regulations Expected Within Six Months

David Sacks, a key figure in the White House on digital assets, has stated that cryptocurrency regulations could achieve significant clarity within six months. The proposed regulatory framework aims to categorize cryptocurrencies based on their functionalities, distinguishing between financial assets, securities, commodities, and collectibles. This classification is expected to reduce uncertainties, streamline compliance for investors and businesses, and foster industry growth. Additionally, the Republican majority in the House is pushing for long-term regulations, aiming to create a stable market structure that supports innovation while addressing decentralized protocols' legal status.

• The U.S. is set to introduce a clearer regulatory framework for cryptocurrencies, classifying them based on their functions to reduce uncertainties and facilitate compliance.

• The Republican-led initiative seeks to implement lasting regulations that will stabilize the market, accelerate innovation, and define the legal status of decentralized protocols.

Interested to read more?

Checkout the newsletters we recommend!