Ross Ulbricht Memecoins Rally as Inauguration Nears
GM Defiers!
The AI-crypto intersection keeps getting weirder, now with a life-size physical robot launched by Eliza Wakes Up and AI16z - but it will set you back almost half a mill. Speaking of AI, the sector is leading the market bounce. Solana’s SOL also rallying in part thanks to a proposal to cut its inflation rate. There are also a couple of Trump-related trades surging, namely Ross Ulbricht-themed coins (on bets the new U.S. president will pardon the Silk Road founder), and XRP, on bets Ripple’s cryptocurrency will benefit from a more regulatory-friendly environment. Also Trump related, WLFI is making moves.
✍️ In today’s newsletter:
- Ross Ulbricht coins rally
- Solana inflation proposal
- AI16 physical robot
- XRP surges as whales accumulate
- AI agents lead altcoin rebound
- WLFI buys ETH
- Record CEX volume
- Coinbase launches BTC loans
- Litecoin ETF?
- 1Money’s stablecoin chain
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📈 Markets in the last 24 hrs:
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📈 Ross Ulbricht Memecoins Tag All-Time Highs On Commutation Bets
With inauguration day approaching, the market is preparing for President-elect Donald Trump to commute the sentence of the convicted founder of Silk Road, Ross Ulbricht. To bet on the event, traders are buying up the ROSS memecoin, which hit a new all-time high.
👀 Multicoin Proposal Seeks to Reduce SOL Inflation and Transition to Market-Driven Emissions
Investment firm Multicoin Capital proposed a shift to Solana's token emission model on Thursday, moving away from a fixed schedule to a dynamic, market-driven approach. Emissions to ramp up when staking participation declines to ensure network security and scaling back to minimal levels when participation is sufficient.
🤖 AI16z and Eliza Wakes Up Launch $420,000 Physical Robot
Eliza Wakes Up is partnering with AI16z, the onchain hedge fund and AI agent framework developer to launch a 180cm (5’9”) robot. Interested users can pre-order a life-sized physical version of Eliza, AI16z’s flagship agent, for $420,000.
🚀 XRP Surges to All-time High Market Capitalization of $192 Billion
Ripple’s XRP token continues its spectacular run, surging nearly 600% in value since Donald Trump’s election victory on Nov. 4, 2024. On Jan. 16, it rose to a new all-time high market cap of $192 billion.
📈DeFAI and AI Agents Lead as Altcoins Rebound
AI Agents and the DeFAI (DeFi x AI) category are the strongest performers over the last 48 hours, leading the market bounce.
🏛️World Liberty Financial Dumps BTC For ETH Amid Treasury Shuffle
World Liberty Financial, the DeFi platform affiliated with the Trump family, has started dumping Bitcoin for Ethereum.
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📊 Crypto Trading Volumes on Centralized Exchanges Reached Record $11.3 Trillion in December
Combined spot and derivatives trading volume on CEXs rose by 7.6% to $11.3 trillion in Dec. 2024, marking a new all-time high for digital asset trading activity on these platforms, according to a new report by CCData.
🟠 Coinbase Rolls Out Bitcoin-Backed Loans with Morpho
Coinbase is rolling out bitcoin-backed loans in the U.S., allowing customers to borrow up to $100,000 in USDC stablecoins. Transactions are processed through Coinbase’s front end and the loans themselves come from Morpho.
🔮Will the Next Crypto ETF Belong to Litecoin?
Litecoin’s LTC climbed more than 20% in the past 24 hours after analysts speculated that an exchange-traded fund (ETF) might be in the token’s near future.
💸 1Money Raises $20 Million to Build Stablecoin Payments Network
1Money Network has secured $20 million in a seed funding round to develop a purpose-built Layer 1 for stablecoin payments.
🌍 ELSEWHERE
- Wyoming Introduces Bitcoin Strategic Reserve Bill (Bitcoin Magazine)
- Trump Plans to Designate Cryptocurrency as a National Priority (Bloomberg)
- FDIC Under Fire: Senator Alleges Destruction Of Operation Chokepoint 2.0 Records (Bitcoinist)
🔥TRENDING
- Ross Ulbricht Memecoins Tag All-Time Highs On Commutation Bets
- AI16z and Eliza Wakes Up Launch $420,000 Physical Robot
- XRP Surges to All-time High Market Capitalization of $192 Billion
- XRP and Solana Surge as Bitcoin and Ethereum Slide
- DeFAI and AI Agents Lead as Altcoins Rebound
- World Liberty Financial Dumps BTC For ETH Amid Treasury Shuffle
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