Leading crypto asset manager Grayscale has launched the #Bitcoin Miners ETF (MNRS) launch, exposing investors to the mining ecosystem. 
According to a press release, the newly launched fund will invest in companies under the Indxx Bitcoin Miners Index. This index tracks the performance of companies primarily generating revenue from Bitcoin mining and other mining-related services, hardware, and software. 

Grayscale Bitcoin Miners ETF 

Notably, Grayscale emphasized the importance of the Bitcoin mining industry, particularly in maintaining the network’s security. As a result, MNRS will grant investors indirect exposure to companies focused exclusively on Bitcoin mining or related activities. 
In addition, the newly launched fund would serve as an alternative to direct Bitcoin investment. 
Grayscale’s Global ETF Head, David Lavalle, noted investors can gain targeted exposure to Bitcoin miners through the MNRS fund. 
Furthermore, Lavalle recognized Bitcoin miners’ role in securing the network. He emphasized that they are well-positioned for significant growth amid the soaring adoption of Bitcoin. Consequently, he mentioned that this growth potential makes MNRS a suitable investment vehicle for diverse investors. 
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Bob Menendez, a former U.S. Senator and popular Bitcoin critic, has been sentenced to 11 years in prison over corruption charges. 
U.S. District Judge Sidney Stein issued the sentence yesterday after the 71-year-old Democratic Senator was convicted in July 2024. 

Menendez Charges and Sentencing 

According to a press release from the Department of Justice, Menendez received an 11-year jail term for his involvement in a fraudulent scheme in which he and his wife, Nadine Menendez, accepted bribes from two businessmen he helped: Fred Daibes and Wael Hana. 
Notably, they bribed Menendez with gold, cash, and other luxury items in exchange for political favors benefiting Qatar and Egypt. Meanwhile, the judge sentenced Hana and Daibes to eight and seven years in prison for their involvement in the scheme. 
The court has yet to sentence Nadine; her corruption trial will take place on March 18. According to the verdict, Menendez abused his position as a Senator to advocate for policies favoring foreign governments, interfere in legal cases, and compel U.S. officials to protect Hana’s Egyptian business monopoly. 
Prior to his conviction, the FBI raided his home, recovering fiat currencies worth $480,000, gold bars valued at around $150,000, and a Mercedes-Benz convertible. While prosecutors pushed for a 15-year jail term, his counsel requested eight years. However, the judge sentenced him to 11 years in prison. 
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#Cardano founder Charles Hoskinson has inspired yet another meme coin.
When people think about Cardano, a leading Layer 1 chain renowned for its peer-reviewed research and thoughtful approach to development, the last thing they are likely to think about are meme coins.
Yet this same blockchain hosts significant meme coin activity with several thriving meme coin communities. Popular examples are Snek, Hosky, and NIKE.
Meanwhile, in a recent development, Cardano’s meme coin ecosystem has again jumped into the spotlight with another launch, seeking to generate attention with the name of the network’s founder.

Official Charles Meme Coin

After inspiring the likes of Hosky (inspired by a play on his last n
ame), NIKE (named after his pet pig), and SHARL (a play on his first name), Cardano founder Charles Hoskinson has inspired yet another meme coin.
Within the past 24 hours, a Cardano community figure has created a token called Official Charles Meme Coin (CHARLES), no doubt taking a page from the naming convention of recently launched meme coins by President Donald Trump and his wife Melania, with an image of the network’s founder.
Taking things a step further, the token creator sent 90% of the token supply, about 900 billion CHARLES, to Hoskinson to drive attention around the token.
According to TapTools data, the token has surged nearly 2,000,000% since its launch. With just 769 holders, it boasts a $2.96 million market cap. At current prices of $0.000033, Hoskinson’s 90% stake is worth $29.7 million.
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Electric car giant Tesla reported a profit of $600 million on its #Bitcoin stash for the fourth quarter of 2024 following the new FASB accounting rule.
Tesla reported that its 9,720 BTC was worth $184 million for four straight quarters before now. However, the Elon Musk-owned firm disclosed in its Wednesday Q4 2024 earnings attestation that the stash’s value at the quarter’s close was $1.08 billion.
The report pattern changed following the new Financial Accounting Standards Board (FASB) accounting framework, which took effect in January 2025. The regulation mandated public companies holding Bitcoin to match their stash’s valuation to the market price in its quarterly report.

Tesla Boosts Earnings With $600M Bitcoin Gains

Before now, Tesla reported its Bitcoin holding with a carrying value of $184 million, reflecting its lowest recorded value during its ownership. This left behind all gains the corporate firm accrued by keeping the asset.
Leveraging the new FASB rule, Tesla reported quarterly earnings of $600 million from its Bitcoin bag, bringing its net income to $2.3 billion in Q4 2024. Furthermore, the electric car company disclosed that the rule change boosted its earnings per share by 68 cents.
In reality, Tesla realized about $347 million from its Bitcoin holding in the fourth quarter. This is because its 9,720 BTC had a fair value of $729 million, far higher than the $184 million reported.
Meanwhile, Tesla’s substantial Bitcoin earnings came from its early adoption of the pioneering cryptocurrency. The company acquired $1.5 billion worth of Bitcoin in 2021 amid its portfolio diversification strategy.
Although it has sold a considerable portion of it, data from the Bitcoin Treasuries shows that it is the sixth-largest public company holding the asset.
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The #XRP Ledger (XRPL) is on the verge of a major upgrade that will enable the creation of an Automated Market Maker (AMM) pool for Ripple USD (RLUSD). 
Notably, the amendment, with code XLS-73d, has already surpassed the required 80% validator consensus and will go live today, Jan. 30, 2025, at 7:37 PM UTC. This development could boost liquidity for XRP and bolster trading opportunities on the XRPL decentralized exchange (DEX).  

Why This Amendment Matters

AMMs are important for DeFi as they allow users to trade assets without traditional order books. The XRPL welcomed the AMM functionality last March, allowing market participants to earn from providing liquidity on select pools.
However, RLUSD, the Ripple stablecoin, has been unable to participate in AMM pools because of a specific restriction despite launching last month. The issue is due to the clawback feature, which allows the entity behind a token to retrieve assets in cases involving regulatory concerns, criminal activity, or transactions with sanctioned entities.  
The clawback feature went live in February 2024 and currently, XRPL rules prohibit tokens like RLUSD with this feature from being included in AMM pools. This restriction has prevented RLUSD holders from benefiting from automated liquidity provision and trading within the XRPL ecosystem.  
To resolve this, the XRPL community introduced amendment XLS-73d, which modifies how clawback-enabled tokens interact with AMM pools. The amendment has gained strong support, with 91.43% of validators voting in favor—well above the 80% threshold necessary for approval.  
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XRPL AMMClawback | XRP Scan

As #PEPE recovers, price action analysis suggests a potential trap for buyers. Here’s why PEPE could face a bearish extension.
As Bitcoin stabilizes around the $102,000 mark, meme coins are navigating a rocky path. After dipping to $87 billion, the total meme coin market valuation has now recovered to $92.71 billion.
Despite the overall market recovery, top meme coins like PEPE have yet to recover from yesterday’s downturn. With an intraday recovery of 9.49%, PEPE is above the $0.000011 level.

PEPE Price Analysis

The Pepe price action in the daily chart reveals a falling channel pattern breakdown. On January 26, a pullback of 7.35% breached the 200-day EMA line and the local support trend line. 
As the correction extended, the bears pushed prices lower, forming a triple black crow pattern. However, buyers regained control near the $0.000011 level, leading to a quick reversal.
Currently, the intraday recovery has brought PEPE’s price to $0.00001257, forming a bullish harami pattern. Buyers could regain control of the trend if PEPE can overcome the recent bearish engulfing candle.
Supporting the intraday recovery, the daily RSI has shifted away from the oversold boundary. However, the declining trend in the dynamic support average line continues.
Following a recent negative crossover between the 20 and 100 EMA lines, the 50 and 100 EMA lines are also heading for a negative crossover. This suggests a strong selling signal for price action traders.
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PEPE Price Chart

Trump-branded merchandise websites have begun accepting the official Donald Trump meme coin (TRUMP) as a payment option, adding real-world utility to the crypto asset.
Specifically, GetTrumpWatches.com, GetTrumpFragrances.com, and GetTrumpSneakers.com, which license former President Donald Trump’s brand, now allow customers to complete purchases using Trump.
Alongside traditional payment methods such as credit cards and Bitcoin, the addition of Trump provides an alternative payment option for supporters.

Trump Meme Coin Gains More Use Cases

Notably, the move addresses concerns regarding the meme coin’s primary use beyond speculation. Besides, TRUMP’s adoption aligns with broader efforts to encourage crypto transactions for online purchases.
Notably, stablecoins, which maintain value pegged to traditional currencies, have seen increased payment use. However, crypto assets with fluctuating prices, such as Trump, have struggled to gain traction as a reliable payment method.
The TRUMP meme coin launched on the Solana blockchain has around 700,000 holders. Customers purchasing from Trump-affiliated online stores can complete transactions using the “Solana Pay” option. 
Beyond retail, Travala.com, a blockchain-based travel booking service, recently added TRUMP to its payment options. Specifically, it allows users to book hotels, flights, and activities worldwide with the TRUMP meme coin. The platform supports over 100 cryptocurrencies and facilitates digital currency transactions for travel bookings.
#CryptoNewss

#Ripple CEO Brad Garlinghouse disclosed that he discussed including XRP in a U.S. national digital asset reserve with President Donald Trump. 
Garlinghouse made this disclosure during his appearance on the XRP Community Day hosted on X Space yesterday. Several XRP enthusiasts who joined the X Space shared excerpts of Garlinghouse’s comments. 
Speaking at the event, Garlinghouse said he spoke directly with the President of the United States about including XRP in a potential national digital asset reserve.
Notably, in recent weeks, The Crypto Basic reported several meetings between Ripple’s CEO and Trump, particularly following the U.S. election. A photo shared by Garlinghouse on his X account confirmed that he had dinner with the President after Ripple donated $5 million to support Trump’s inauguration.

Ripple CEO Dismisses Claims of Advocating Against Bitcoin 

Meanwhile, Garlinghouse dismissed claims that he urged policymakers to choose XRP over Bitcoin for the national digital asset reserve. He emphasized that his engagement was to convince the U.S. President to establish a diversified digital asset reserve instead of one centered on a particular coin like XRP or Bitcoin. 
Notably, Garlinghouse shared a similar sentiment earlier this week in an X post while addressing Bitcoin maxis.
For context, Bitcoin proponents accused Ripple of advocating for XRP over Bitcoin regarding the creation of a national digital asset reserve. This resulted in a heated feud over the weekend, with some Bitcoin maxis recruiting others to hate on Ripple. 
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The #Ripple Chairman Chris Larsen has sold XRP tokens worth about $116 million in 2025 alone after holding them for years.
This is according to on-chain data, as Larsen’s wallet appears to have gone on a distribution campaign following its first substantial sale last September. Interestingly, the selloffs come at a time when XRP is performing incredibly well after years of bearish pressure.
Data from XRPScan confirms that the chrislarsen (5) wallet, one of Larsen’s six XRP addresses, has been sending XRP tokens to two addresses since the start of the year. One of the addresses belongs to America’s largest exchange Coinbase, while the second is unknown, but the ultimate destination has been exchanges.
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Following a recovery wave after Monday’s crypto market bloodbath, #SUI is seeing a price reversal that now signals a potential recovery run toward $5.
As the total crypto market cap, excluding Bitcoin and Ethereum, reclaims a $1 trillion valuation, altcoins, including SUI, show signs of a V-shaped recovery. In this recovery, SUI has demonstrated a strong lower price rejection, indicating a return of bullish momentum.

SUI Price Trend 

On the daily chart, SUI’s price trend shows five consecutive bearish candles, marking a price drop of nearly 17%, from $4.65 to $3.87. However, the sixth bearish attempt failed after a low of $3.49.
As the broader market bounced back, SUI’s price closed at $3.94, showing a 1.94% surge. The hammer candle now suggests the formation of a potential morning star pattern.
Currently, SUI is trading at $3.958 and looks ready to overcome the short-term pullback. The lower price rejection has managed to hold above the 100 EMA line, bouncing from the 61.8% Fibonacci level near $3.46.
The intraday recovery halted the decline in the RSI line before it reached the oversold zone. As the daily RSI takes a sideways shift, the recovery aims to delay a bearish crossover between the 20 and 50 EMA lines.
Therefore, the potential Morningstar pattern could prevent a sell signal from technical indicators.
#CryptoNewss

SUI Price Chart

Filings for crypto-related #ETFs have escalated since former chair Gary Gensler resigned, with Tuttle Capital applying for 10 different leveraged products.
Prominent Bloomberg analyst James Seyffart confirmed the latest filing from asset manager Tuttle Capital in a Monday post. According to the tweet, the investment advisory firm applied to the US Securities and Exchange Commission (SEC) to approve listing derivative exchange-traded funds (ETFs) of ten different crypto assets.
For context, a derivative-based ETF gives investors leveraged exposure to an underlying crypto asset. Although they come with high risks, the product has gained traction among certain market users with an appetite to amplify returns.

New ETF Filing for XRP and Cardano

Tuttle Capital’s filing includes exposure to major cryptocurrencies like XRP, Solana, Litecoin, and Cardano. The asset manager also seeks approval to list leveraged products for Chainlink, Polkadot, BNP, and meme coins like Trump, Melania, and Bonk.
Meanwhile, Seyffart pointed out that some of the assets in the filing have no exchange-traded products (ETPs). Specifically, the prominent analyst stated that Tuttle Capital’s filing is the first US ETP for anything tracking Chainlink, Polkadot, Cardano, BNP, and Melania.
The product will provide investors with a 2x long (i.e., 2:1 exposure and reward ratio) of the daily movements of the crypto assets earlier mentioned. 

#cryptonewstoday

Tuttle Capital ETF Filing

Today, #Bitcoin has marked a V-shaped reversal, surging to $103K. The question now is whether this recovery can sustain momentum to hit the $107K target.
As concerns surrounding DeepSeek AI subside, the crypto market is making a bullish move. The total crypto market capitalization has reclaimed the $3.5 trillion level, with Bitcoin bouncing back above the $103,000 mark.

Bitcoin Price Analysis

On the 4-hour chart, Bitcoin’s price trend displays a rapid V-shaped reversal after breaching the 200 EMA line. The 50% Fibonacci level at $98,611 has provided strong support, contributing to the formation of a morning star pattern.
Following a lower price rejection that created a low at $97,750, Bitcoin is now back in action. It is currently trading at $103,227 and has broken above the 200, 100, 50, and 20 EMA lines. The next immediate target is the 78.6% Fibonacci level at $103,393.
However, higher price rejection points to ongoing resistance. The bullish reversal has driven the 4-hour RSI back to the midpoint, signaling an increase in demand.

#CryptoNewsFlash