President-elect Donald Trump plans to issue an executive order that would elevate cryptocurrency as a policy priority and give industry insiders a voice in his administration, according to people familiar with the matter.

The order is expected to designate cryptocurrency as a national imperative or priority — strategic language designed to guide government agencies’ work with industry, according to people familiar with the matter. The order would also establish a cryptocurrency advisory committee to advocate for the industry’s policy priorities, the people said.

Trump has strong support from the cryptocurrency industry, which has a strong presence in Washington and is backed by well-funded political action committees.

I believe everyone still remembers the crazy telegram mini-game storm last year, but this wave came to an abrupt end after the $TON ecosystem released their official meme $DOGS .
According to Ton’s plan, the first step is to develop mini-programs as a basic framework to support the game ecosystem; the next step should be to develop community tools to support the meme ecosystem.

Originally, the meme season of the ton ecosystem was supposed to have a head-on confrontation with Solana at the end of 24.
But things don’t always go as planned. Their first official meme dogs crashed the Ton chain because too many people claimed them.

At the beginning, Dogs attracted 53 million participants by relying on Telegram's global user base of one billion. After the airdrop, there were 4.5 million Holders, making it the world's largest TGE.

For most investors who can't keep up with the PvP pace and can only earn Beta, the focus in 2025 should be on these three matters in the U.S., which should yield good returns:
1. Trump sets the regulatory policy.
The U.S. Congress may prioritize cryptocurrency legislation in 2025, especially the legislative advancement of the FIT21 bill.
To be honest, if legislation can't be sorted out, other major players won't dare to come in.
Once FIT21 is approved and clearly defines the distinction between commodities and securities (currently, a single entity holding less than 20% is considered a commodity), this fair launch model will lead to an unexpectedly crazy season of clones.

Incoming US crypto czar David Sacks invested in Multicoin back in 2018.
As the closest crypto fund to the crypto czar, Multicoin has just released its views on the frontier tracks of crypto for 2025.
The article mentions many early projects, and friends who are good at capturing early opportunities should not miss out!
The original link can be viewed at the end of the article by clicking 'Read the original.'

First, Multicoin states that 2025 is a critical year for the crypto industry as it will be the first year in history to have a crypto-friendly regulatory framework. Additionally, the technology for Layer 1/DeFi/DePIN/stablecoins is maturing, creating fertile ground for the next wave of frontier innovations.

AI Agents are everywhere lately, and even in the meme circle, scientific literacy is hard to come by~
With the support of meme enthusiasm, the total market value of crypto AI Agent tokens has already reached a quite high level.
For example, the total market value of tokens for projects like Virtuals and ai16z has rapidly grown in a short period, with Virtuals reaching a total market value of $7.12 billion and ai16z reaching $2.97 billion.
The combined market value of these two giants is already close to $10 billion, and with the market values of other speculative projects, it can add several billion dollars more~

These achievements were made before mainstream AI Agents even made their entry.

Musk has been preparing for a long time, and X Pay based on the X (Twitter) platform is said to be ready for release at any time!

The X Payments account was registered in January 2024, almost exactly one year ago.
The source of the rumor is that the X platform updated the code of X Payments.
Musk responded that X Payments could be launched at any time.

X CEO Linda Yaccarino, who is directly responsible for this, directly stated that X will connect X TV/X Money with the AI ​​model Grok in 2025~
Focus on video/payment/AI models. This strategy is very similar to WeChat~
And Musk has repeatedly said that he wants to copy WeChat:

2024 is an exciting year. In addition to Bitcoin, it can be said that it has attracted a lot of attention, from the popularity of spot ETFs at the beginning of the year to Trump's election as president at the end of the year.
In addition to Ethereum, the public chain competition in 2024 is also very exciting. Today we briefly review:
1. Ethereum
Let’s first look at Ethereum. The price of Ethereum has been unable to break new highs:

In fact, Ethereum’s performance this year is already worthy of the price:

Because Ethereum's TVL has not set a new high. The highest TVL in the last bull market was 100 billion, and this round did not even break 80 billion. From the perspective of TVL, this gap is basically the same as the fluctuation range of currency prices.

Recently, many friends have been discussing a question with the big beauty: why does Trump support crypto?
If it's for votes, will the support be guaranteed after being elected?
If it's for money, the crypto industry doesn't seem to be that wealthy; compared to the traditional financial industry, it still falls quite short.
Today, the big beauty will deeply analyze why Trump supports our crypto industry~

1. The Past and Present of MAGA
Things must start from MAGA.
Everyone should be familiar with Trump's campaign slogan MAGA (Make America Great Again), right?

The U.S. Internal Revenue Service (IRS) recently proposed a compliance requirement: brokers must report transactions in digital assets and extend the scope of this requirement to various front-end platforms (referring to Dex).

However, this requirement will not be implemented until 2027, when profits from Dex transactions throughout 2026 will also need to be taxed.

Everyone in the industry knows that this document is aimed at Defi (decentralized finance)
Currently, Defi is the last pure land that is completely unregulated by the government.
The IRS documents mentioned Defi many times, for example:
“The Treasury Department and the IRS do not agree that these final regulations reflect a bias against the DeFi industry or that these regulations will discourage the adoption of this technology by law-abiding customers.”

I have to say that Trump is still very reliable~
During his campaign, Trump made these promises about encryption:
Fire SEC Commissioner Gary Gensler.

Fired the current SEC chairman on his first day in office

Introduce a national strategic Bitcoin reserve.
Establishing a national strategic reserve of Bitcoin
Appoint a Bitcoin and crypto presidential council to design regulatory reforms.
Establishing a Presidential Commission on Bitcoin and Crypto to Involve Regulatory Reform
Ensure that Bitcoin continues to be mined in the U.S.
Ensuring Bitcoin Mining in the United States
Make the U.S. the “Crypto Capital” of the world.

Trump posted on Truth Social that Bo Hines will serve as the Executive Director of the President's Digital Asset Advisory Council ('Crypto Council').

Trump wrote: "In his new role, Bo will work with David to promote innovation and growth in the digital asset space while ensuring that industry leaders have the resources they need to succeed. Together, they will create an environment where this industry can flourish and continue to be the cornerstone of our nation's technological progress."
Trump also specifically mentioned that Bo is a graduate of Yale University.

A few hours ago, a meeting of the Federal Reserve was held, leading to a general decline in the cryptocurrency market.

Mainstream cryptocurrencies generally fell by about 10%.
Actually, Powell's speech at the meeting was relatively standard, but there are still two pieces of information that attracted everyone's attention.

First, it was decided to lower the benchmark interest rate by 25 basis points, reducing the target range of the federal funds rate from 4.5% to 4.75% to 4.25% to 4.50%, which meets market expectations.

However, subsequent interest rate cuts may not come so quickly. When asked about the conditions for continuing to lower rates, Powell indicated that considering factors like inflation and unemployment, the probability of a rate cut in January is very low.

The main content of this article comes from Defi small miners and does not represent my opinion:

Shocking news: the first HSK to comply with the regulations is actually a makeshift team
Previously, Ni Da revealed that Qi Ye would immediately unlock#HSKtoken rewards after leaving his job, which is expected to bring a one million US dollar market crash.

But tonight I received a tip from a Gate employee that Qiye actually has at least 7 million HSKs in his hands and is ready to dump them at any time.
The small stool is ready, and we start eating melons~
1. A huge amount of unlocking beyond the opening circulation
Before HSK was listed, Gate received some huge HSK transfers from hashkey. It is normal to reach this point. It is also a normal recharge behavior to deposit coins before the opening.

I was shocked today by a set of data:

Currently, over half of the ETH is controlled by 104 whale wallets. Specifically, these 104 addresses holding at least 100,000 Ethereum account for 57.35% of all existing ETH tokens, with the current market value of Ethereum at around 333.1 billion USD.
Meanwhile, the supply ratio of wallets holding 10,000 to 100,000 ETH is at a historical low of 33.46%. The supply ratio of wallets holding less than 100 ETH is 9.19%, a new low in nearly 4 years.
It's hard to say what impact this situation will have on ETH's price; if the whales band together to speculate, Ethereum's price could skyrocket.

Trump ultimately nominated Paul Atkins as the new SEC chairman.
The previously highly vocal SEC crypto mom Hester Peirce also tweeted early on to show her support:

Atkins was at the SEC long ago, and was nominated by George W. Bush as a commissioner in 2002, serving until 2008.
When he was at the SEC, Bitcoin had not yet emerged.
After leaving the SEC, Atkins founded a consulting firm called Patomak Global Partners, primarily providing compliance consulting services to clients.
Interestingly, this consulting firm took on a well-known client, FTX, in January 2022.

It is said that the on-chain activity has increased significantly this year. Both the number of on-chain wallets and the number of transfers have been rising rapidly:

But behind this number, Ethereum, once regarded as the overlord of the chain, has gradually withdrawn from the stage:

In 2021, the scale of on-chain transfers on Ethereum is larger than that of BTC, and can even compete with the scale of stablecoins.

But by 2024, the scale of Ethereum's on-chain transfers will be only a small amount, even negligible.
On the contrary, BTC has maintained a stable share of on-chain transfers. The big brother is indeed stable.
Behind the demise of Ethereum is the rise of stablecoins; almost all of Ethereum’s lost share was eaten up by stablecoins.

Magic Eden has finally launched its coin, and it will be first launched on Binance.

On the first day, the market value stabilized at more than 5 billion US dollars.
This FDV may seem high, but it is not:
Because Magic Eden’s cumulative financing amount is as high as 150 million US dollars, and the valuation of the latest round of financing is as high as 1.6 billion US dollars.

The Magic Eden project was really unlucky. After completing the financing, FTX collapsed, dragging down Magic Eden, which was originally the NFT platform of the Solana ecosystem.
Two years later, although $ME was first listed on Binance, the VC buffer was not high.
Compared with $Move, which was listed on Binance during the same period, the difference is huge:

Today I'm going to share a research report; as usual, at the end, 'click the original text' to obtain the original report.
This research report was also published by Chainalysis, funded by the FBI:

1. Global Trends: Major players abandon Ethereum

This trend is quite interesting; for large transfers above 10 million USD, it is normal for stablecoins to decrease since these main players are increasing their holdings of BTC and altcoins. However, the main players have not increased their holdings of ETH; instead, their positions are even lower than last year!
Retail investors generally prefer to buy ETH and altcoins, and they are selling their precious BTC to increase their holdings.

A recent report from Chainalysis, invested by the FBI, has been released:

According to this report, the number of active addresses with a wallet balance greater than zero has exceeded 400 million for the first time globally.

It is generally believed that active users on-chain are already seasoned crypto users, and the number of active addresses on-chain is also showing exponential growth.

Along with the increase in on-chain addresses, the number of on-chain transactions has also grown, with an average of 10 transactions per address per month, which is quite frequent.
Many people might think that these on-chain wallet transactions are mainly for trading meme coins.
But that's actually not the case: