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- 💢 Is the Crypto Industry Mad at the President?
💢 Is the Crypto Industry Mad at the President?
Binance’s 30th BNB burn destroyed 1.63M tokens

Crypto traders expect more from Trump's actions, not just the executive order on crypto. Perhaps the market remains silent as a way of demanding stronger actions from Trump.
P/s: We’re stepping away for two days—January 27th and 29th—to celebrate Lunar New Year in style. 🧧✨
To everyone embracing this beautiful tradition, here’s wishing you a joyful and prosperous New Year! Cheers to fresh beginnings and good vibes all around.
Here’s what we got for you today:

🚀 The Market Keeps Silent?
In the past several hours, significant developments in the crypto space have emerged, but the market remains unresponsive. Here’s a breakdown of the key updates and their potential implications.
Major Wins for Crypto in Congress and the SEC
Crypto-Friendly Leadership: Senator Cynthia Lummis, a vocal crypto supporter, has been appointed Chair of the Digital Asset Subcommittee in the Senate. This is a noteworthy shift, as the subcommittee operates under the Senate Banking Committee, which was previously led by crypto-skeptic Sherrod Brown. Lummis, alongside Rep. Tom Emmer, who serves as Vice Chair of the Financial Services Subcommittee, represents a significant boost for crypto advocacy in both legislative chambers.
SEC Repeals SAB 121: The SEC has rescinded SAB 121, a controversial accounting rule that hindered banks from holding Bitcoin. This repeal is expected to enable greater institutional adoption of Bitcoin.
These changes reflect a long-term positive outlook for the crypto industry, although it appears the market has yet to fully digest their implications.
President Trump’s Executive Order on Crypto
President Donald Trump tells World Economic Forum audience, “America will be the world capital of crypto”
— Documenting ₿itcoin 📄 (@DocumentingBTC)
4:13 PM • Jan 23, 2025
President Trump signed an executive order related to cryptocurrency, sparking mixed reactions. While the order broadly supports crypto, some Bitcoin advocates expressed frustration that it did not focus solely on Bitcoin, as seen in El Salvador’s approach.
The announcement has triggered misinformation on social media. On one side, some claim the order includes a Bitcoin reserve fund and bans /im (central bank digital currencies). On the other, critics argue it provides only vague guidelines.
The truth lies in between:
Trump delegated decision-making to his Crypto and AI advisor, David Sacks, and a newly formed working group.
Key initiatives outlined in the order include:
Proposing a US crypto reserve fund, potentially starting with $20 billion in Bitcoin already held by the DOJ.
Banning the creation of CBDCs.
Providing recommendations to bolster the crypto industry.
This approach allows Trump to influence policy while maintaining distance from direct decisions, avoiding potential backlash.
🏦 The Bitcoin Reserve Fund Debate
The proposed crypto reserve fund would leverage Bitcoin currently in government possession. While critics are disappointed that the order does not include plans to purchase additional Bitcoin, this aligns with Trump’s campaign promise to safeguard existing BTC holdings. The possibility of additional Bitcoin purchases is tied to a separate bill from Senator Lummis, which is still awaiting a congressional vote.
💭 Why is the Market Silent?
Trump’s crypto executive order delivered exactly what was expected—but that didn’t stop the market from dipping. Why? Some traders seemed to be betting on a long-shot scenario where the U.S. announced plans to buy more Bitcoin, on top of creating a National Bitcoin Reserve.
Here’s the reality: Trump never promised additional BTC purchases. He committed to holding the government’s existing stash and establishing the reserve. Buying more Bitcoin would require new legislation, which falls under a bill from Senator Cynthia Lummis that still needs approval. So, the sell-off? Likely fueled by misplaced expectations.
In summary, these actions signal a shift in the regulatory and legislative landscape for crypto in the United States. While the market may not yet reflect these changes, the long-term impact could be substantial. 🚀

📊 Bitcoin’s Fourth Cycle: 10 Things You Must Know
As Bitcoin enters its fourth halving cycle, the cryptocurrency market faces a mix of challenges and opportunities. From macroeconomic pressures to the maturing crypto ecosystem, here’s a breakdown of what makes this cycle unique and 10 key insights to navigate it.
What’s Different in the 2024 Cycle?
The current cycle exhibits unique trends:
Institutional and Governmental Adoption: 76.2% of Bitcoin is held by long-term holders, and governments are mining Bitcoin.
Technological Progress: Innovations like the Lightning Network improve Bitcoin’s utility.
Resilience Amid Macroeconomic Turmoil: Unlike past cycles, Bitcoin hasn’t returned to previous lows.
10 Key Insights for the Current Cycle
Macroeconomic Pressures: Rising bond yields 📈 and inflation fears may lead to slower rate cuts by the Fed, potentially pushing the economy toward a recession 📉.
Economic Resilience: Despite fears, strong jobs data 💪 and a lower unemployment rate suggest the U.S. economy remains robust.
The unemployment rate changed little at 4.1 percent in December. After increasing earlier in the year, the unemployment rate has been either 4.1 percent or 4.2 percent for the past 7 months. The number of unemployed people, at 6.9 million, also changed little in December. (See table A-1.)
CPI Data Impact: The Consumer Price Index (CPI) inflation data will heavily influence the Fed’s upcoming decisions.
Policy Shifts: Under the Trump administration, potential changes like deregulation, tax cuts, and regulatory clarity could benefit Bitcoin and the broader crypto market.
USD Strength: A strong U.S. dollar 💵 is putting pressure on global markets, but a weaker dollar could benefit exports and crypto.
Bitcoin as Market Driver: Bitcoin continues to lead the crypto market, with macroeconomic concerns causing recent corrections, not Bitcoin-specific issues.
Changing Perceptions: Some see Bitcoin as a risk-on asset, selling during volatility, while others view it as digital gold and accumulate long-term.
BlackRock head of digital assets Robbie Mitchnick joins Julie Hyman and Josh Lipton on Market Domination Overtime to discuss his perspective on the crypto space and the "critical" distinction that bitcoin is a risky asset, not a risk-on asset.
Regulatory Optimism: A more crypto-friendly U.S. regulatory landscape could emerge, with potential developments like a national Bitcoin reserve being extremely bullish. Until now, 8 U.S. states have proposed or are considering legislation to establish strategic Bitcoin reserves:
Cycle Trends Hold: History suggests this year could see Bitcoin reach a new all-time high (ATH) before the cycle concludes by year-end.
The Confidence Factor: Even if Bitcoin deviates from the 4-year cycle or peaks below $108K, confidence in the market’s future remains strong 💪. The focus should be on personal strategy and risk management.

Bitcoin dumps in January during years following a halving, just like in previous cycles (2021 and 2017). Afterward, there was a strong pump—will history repeat itself?
Final Thoughts
Bitcoin’s fourth cycle reflects the maturation of the crypto market amid macroeconomic challenges. While volatility and uncertainty persist, opportunities abound for those who adopt a long-term perspective and stay disciplined. History may guide us, but the future is shaped by our strategies.
⭐ Top Highlight in Crypto Today
🔥 Binance’s 30th BNB burn destroyed 1.63M tokens worth $1.16B. Using Automatic Burn and Anti-Black Hole Plan, this move boosts token scarcity and strengthens the BNB ecosystem.
🚨 Did China Dump 194K Bitcoin? CryptoQuant’s CEO, Ki Young Ju, claims China may have sold its seized 194K BTC from the 2019 PlusToken scam via exchanges like Huobi. No official confirmation yet.
💡 Justin Sun’s USDD 2.0 promises 20% interest, funded by Tron. While it aims to fix USDD 1.0 issues, skeptics question sustainability and TRX’s stability. 🚀 or 💣?
📉 The SEC has officially rescinded SAB 121, easing accounting rules for crypto custody. Under new leadership, the focus shifts to collaboration and practical crypto regulations.
⚖️ Rep. Connolly is pushing for a probe into Trump’s links to World Liberty Financial and the TRUMP memecoin, citing ethics and security risks. Allegedly, Trump may have profited from these ventures during his presidency. However, with Democrats failing to impeach him on bigger charges in the past, this move is likely to face similar challenges.
Chainlink: The Og Of Oracles
Alright, let’s break this down: Chainlink ($LINK) is the heavyweight champ of decentralized oracle networks. Born in 2017 (hat tip to Sergey Nazarov and Steve Ellis), it hit the ground running with its mainnet in 2019. This bad boy connects smart contracts to real-world data. Think: weather reports, stock prices, or even event outcomes.
By 2025, Chainlink wasn’t just playing nice with the crypto crowd—it had integrated with giants like Google Cloud and SWIFT and beefed up its tech with Chainlink 2.0. Oh, and it started flexing cross-chain capabilities, which drew in some juicy institutional investments.
Currently, LINK’s market cap is $15.41B.

What The Heck Is An Oracle?
Let’s keep it simple. In the blockchain world, an oracle is like a translator. Blockchains are great at being secure but can’t natively talk to the outside world. That’s where oracles come in—feeding blockchains data like crypto prices or sports scores so smart contracts can react to real-world events.
But here’s the catch: using just one oracle is risky. What if someone tampers with the data? Boom—system failure. That’s why decentralized oracle networks (DONs) like Chainlink shine. They aggregate data from multiple sources, making it reliable, secure, and manipulation-resistant.
Meet The Chainlink Ecosystem
Chainlink isn’t just one thing—it’s a whole toolbox for developers:
Chainlink Oracles: These fetch and deliver real-world data to smart contracts.
Chainlink VRF (Verifiable Random Function): Need randomness for gaming or lotteries? This feature has you covered with tamper-proof, provably fair randomness.
Chainlink Keepers: Automating smart contract functions? Hell yeah. These bots handle everything from transactions to executing predefined conditions.
Oh, and let’s not forget the partnerships—Google Cloud, Oracle, SWIFT—yeah, they’re kind of a big deal.

Follow The Big Money: Institutional Investments
Institutions are starting to bet big on Chainlink. Here are two examples:
Grayscale Chainlink Trust – Yep, Grayscale has a LINK-specific trust, so institutions can get exposure without actually holding the tokens.
World Liberty Financial (WLFI): Backed by Trump-adjacent players, WLFI recently scooped up $5.63 million worth of LINK tokens. That’s 220,000 tokens, baby.
The buying pressure generated by these transactions contributed to a notable 44% uptrend in LINK’s price over a two-week period, with a more immediate increase of over 11% within just 24 hours.

In a social media post on X (formerly Twitter), WLFI detailed these acquisitions, stating that they were made to commemorate the inauguration of Donald J. Trump as the 47th President of the United States.
Recent Moves
Chainlink’s staying busy. Some highlights:
Integration with Sonic Labs: Expanding its cross-chain protocol to Sonic Labs’ mainnet, pushing blockchain interoperability further.
Collaboration with DTCC: Partnered with bigwigs like JP Morgan and DTCC to put mutual fund data on-chain. Real talk: Chainlink is bridging TradFi (traditional finance) and crypto like nobody’s business.
TL;DR: Chainlink is the backbone of blockchain data, powering smart contracts with off-chain info and expanding its ecosystem like a boss. If you’re sleeping on $LINK, now might be a good time to wake up.
🤡 Meme Of The Day

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The Crypto Fire Team
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