🏛️SEC Launches Crypto Taskforce Led by Peirce

GM Defiers!

President Trump made no mention of crypto on Inauguration Day, sending the odds of a Bitcoin Reserve plunging on Polymarket. We did get some action on the crypto front, however, with the SEC setting up a new taskforce and Elon Musk’s D.O.G.E launching its official website featuring the Dogecoin logo.

Controversy swirls around the Ethereum Foundation as Vitalik defends management amid moves to boost participation in the ecosystem.

✍️ In today’s newsletter:

SEC creates new crypto task force headed by pro-crypto Hester Peirce
Vitalik defends Aya Miyaguchi amid calls for her resignation
Musk’s D.O.G.E website features Dogecoin logo
Magic Eden unveils no-code NFT launchpad
ZachXBT cashes out $4 million from memecoin
Bitcoin rallies above $106,000
Ethereum Foundation is considering staking its ETH
Odds of a U.S. Bitcoin Reserve dip on Polymarket
Trump’s DeFi project buys $113M of crypto

📈 Markets in the last 24 hrs:

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🏛️SEC Launches Crypto Task Force Led By Commissioner Peirce

The Securities and Exchanges Commission’s acting chairman, Mark Uyeda, has launched a crypto task force to develop a regulatory framework for crypto assets. Uyeda announced that Commissioner Hester Peirce will lead the task force.

😠Vitalik Responds to Calls for Aya Miyaguchi's Resignation Amid Ethereum Foundation Controversy

Ethereum co-founder Vitalik Buterin responded to calls from the community for the resignation of Ethereum Foundation director Aya Miyaguchi following mounting criticism and a wave of online attacks directed at her leadership.

🐶Elon Musk's D.O.G.E Initiative Launches with Dogecoin Logo, Sparking Rally

On Tuesday, the newly minted Department of Government Efficiency (D.O.G.E) launched its official website featuring the Dogecoin logo. DOGE surged more than 11%.

🖼️Magic Eden Unveils No-Code NFT Launchpad

Magic Eden is upgrading its terminal to become more user-friendly by enabling a zero-fee, no-code launchpad service. The activation will make launching NFT collections easier for artists and communities.

SPONSORED POST

Web3 is often fragmented, with users struggling to manage multiple blockchains, wallets, and bridges. Okto is addressing this by adopting ERC-7683, a proposed Ethereum standard that simplifies cross-chain interactions. Instead of dealing with complex processes, users can express their goals—like swapping tokens—in a single message. Specialized "fillers" then handle the technical details, executing these tasks across chains. This reduces confusion, lowers costs, and improves efficiency. Okto is integrating ERC-7683 into its platform to create a more unified and decentralized Web3. Although still in draft status, ERC-7683 has gained support from major protocols like Across Protocol, Uniswap Labs, and Polygon Labs, aiming to make cross-chain transactions as seamless as browsing the internet.

💰Crypto Sleuth ZachXBT Cashes Out $4M from Memecoin

When ZachXBT complained of getting ‘zero’ rewards for his highly regarded work, someone launched a memecoin and its market cap shot up to nearly $90 million.

🎢Cryptocurrency Market Faces Volatility After Trump Inauguration, Top Assets Gain but Overall Market Declines

The cryptocurrency market experienced volatility following President Donald Trump's inauguration on Monday, as major assets posted gains while the overall market recorded losses.

🏦Vitalik Buterin Says Ethereum Foundation is Considering Staking ETH

The Ethereum co-founder cited regulatory and hard fork risks as the reasons for the Ethereum Foundation previously avoiding staking.

🔮Polymarket Shows Reality Setting In After Trump Stays Silent on Crypto

The odds of President Donald Trump creating a Strategic Bitcoin Reserve (SBR) in his first 100 days rebounded on Polymarket.. Rising steadily throughout the month to 48% on Jan. 20, the odds plunged to 28% on Jan. 21 after Trump did not mention an SBR – or anything crypto-related – on a busy Inauguration Day.

🌍 ELSEWHERE

Crypto Lender Nexo Introduces $5,000 Minimum Limit to Focus on Wealthy Clients (Coindesk)
Warren Buffett’s Berkshire Hathaway takes a sip of the crypto ‘rat poison’ he once said he would never go near (Fortune)
Coinbase CEO says Trump is 'excited' about a strategic bitcoin reserve (TheStreet)