Bitcoin's price rose back to around $106,000 this week but fell below $100,000 again over the weekend. This drop marks the first time Bitcoin has fallen under $100,000 since January 27, following Donald Trump’s new import tariffs on goods from China, Canada, and Mexico, which prompted quick reactions from those countries.
The tariffs have led to retaliation from all three nations, leaving the crypto industry divided on the potential impact on the market. Currently, the crypto market is at a critical point, and observers are closely watching for what happens next.
Here are the key updates from last week.
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TOP CRYPTO NEWS RECAP (January 26–February 1, 2024 2025)
● Uniswap v4 Launches on 12 Blockchains with Customizable Trading Features
● Bitwise Files for Spot Dogecoin ETF with SEC
● Trump-Themed Memecoins Drive Solana's Biggest Trading Week
● Kraken Resumes Staking Services in the US After SEC Settlement
● El Salvador Amends Bitcoin Law to Meet IMF Deal Terms
● France Investigates Binance for Money Laundering and Fraud
Uniswap v4 Launches on 12 Blockchains with Customizable Trading Features
Uniswap has launched its v4 decentralized exchange (DEX) across 12 blockchain networks, including Ethereum, Avalanche, and various layer-2 scaling solutions such as Arbitrum and Polygon. A significant upgrade is the introduction of "hooks," customizable plugins that allow developers to modify trading logic. These hooks enable dynamic swap fees, automated hedging, and MEV protection. The Uniswap Foundation has supported 800 developers in creating 150 unique hooks. This launch follows Uniswap's October introduction of its own layer-2 chain, Unichain, as competition in the DEX space intensifies.
Bitwise Files for Spot Dogecoin ETF with SEC
Bitwise has officially filed with the U.S. Securities and Exchange Commission (SEC) to launch a spot Dogecoin ETF that would track the price of the popular memecoin. This follows its earlier registration of a Dogecoin trust in Delaware. The ETF will be custodied by Coinbase Custody, although details regarding fees and listing venues remain undisclosed. The filing arrives during a surge in crypto ETF applications, with multiple issuers examining memecoin-related funds. If approved, the Dogecoin ETF would expand Bitwise's growing portfolio beyond Bitcoin and Ethereum.
Trump-Themed Memecoins Drive Solana's Biggest Trading Week
Trump-themed memecoins have fueled a record-breaking surge on Solana's Pump.fun, pushing the weekly trading volume to $3.3 billion. The frenzy began when Donald Trump launched his TRUMP and MELANIA tokens, sparking a wave of knockoff coins. On Jan. 23 alone, trading hit $544 million. Security firm Blockaid reported a spike in Trump-named tokens, many designed to mislead investors. Despite the hype, legal threats loom over Pump.fun, with investors alleging fraud. The platform also shut down its live stream feature due to shocking content used for token promotion.
Kraken Resumes Staking Services in the US After SEC Settlement
After a two-year pause, crypto exchange Kraken has reinstated staking services for U.S. clients across 37 states. The service, which supports 17 digital assets, including Ethereum and Solana, was halted in 2023 following a $30 million settlement with the SEC. The move signals a shifting regulatory climate under new SEC leadership. Kraken previously faced SEC lawsuits over alleged securities violations but continues to challenge the agency's authority. The reinstatement marks a significant step for staking accessibility in the U.S. crypto market.
El Salvador Amends Bitcoin Law to Meet IMF Deal Terms
El Salvador’s Congress has swiftly approved changes to its Bitcoin law to comply with a $1.4 billion loan deal with the International Monetary Fund (IMF). The amendment, passed with 55 votes in favor, removes the requirement for businesses to accept Bitcoin, making it optional. The move aims to balance Bitcoin's legal status while ensuring practical implementation. Despite the reform, El Salvador continues accumulating Bitcoin, now holding 6,049 BTC worth $633 million, with plans to increase purchases in 2025.
France Investigates Binance for Money Laundering and Fraud
French prosecutors have launched an investigation into Binance over allegations of money laundering linked to drug trafficking and tax fraud. The probe, covering 2019–2024, follows claims that Binance misled users, causing investment losses. Authorities had reportedly been scrutinizing Binance's local arm since 2022. This adds to Binance's global legal troubles, including lawsuits in the U.S. and Australia. Former CEO Changpeng Zhao, who served prison time in 2024, remains involved with Binance's tech incubator. Despite regulatory pressure, Binance continues to operate under licensing arrangements in France.
NEWS FROM MELEGASWAP
HOT NEW TOP TIER LISTING: M.E.G.A. (MEGA) Farm & Pool Listed on MelegaSwap
Inspired by a post by Elon Musk, M.E.G.A. (Make Europe Great Again) is not just a meme token; it's a wake-up call about the systemic issues affecting Europe.
MARIONAWFAL ON X (MARIO) Trading Starts on MelegaSwap
$MARIO is a meme coin dedicated to the Largest Show on X's founder, Mario Nawfal.
Celia Mae (MAE) Trading Starts on MelegaSwap
It's me, Celia Mae, your favorite sassy receptionist from Monsters, Inc. I've traded my desk job for something way cooler—the blockchain! $MAE isn't just a token; it's a celebration of style, charm, and just a little chaos (the fun kind).
SHILLGUY (SHILL) Trading Starts on MelegaSwap
SHILLGUY is built for next-gen shilling. Open-source on GitHub, powered by AI, and backed by a hyped community — this is the future of AI-driven $SHILL!
Alpha (ALPHA) Trading Starts on MelegaSwap
$ALPHA embodies the essence of being a true alpha and a GIGA Chad. A true alpha is about dominance, leadership, resilience, and integrity. They lead by example, showing strength in adversity while maintaining respect for others.
FRIC (FRIC) Trading Starts on MelegaSwap
This is a meme coin with no intrinsic value or expectation of financial return. Made with love by Dric & the community
Pudgy Penguins (PENGU) Trading Starts on MelegaSwap
Pudgy Penguins is a global IP focused on proliferating the penguin, memetic culture, and good vibes.
MelegaSwap Secures New Top-Tier Partnership with TRUMPET (TRUMPET) on BSCCHAIN
Trump is blowing the trumpet, and the sound is unstoppable! Inspired by the vibrance and power of music, Crypto Trumpet is here to shake up the crypto space like a jazz solo at its peak.
MelegaSwap Secures New Top-Tier Partnership with Zera ($ZERA) on SOL Chain
$ZERA is the first zebra project in the blockchain world. Implementing the zebra logic will ensure the project's stability and success. $ZERA moves in herd, just like a zebra...
SPX6900 (SPX) Trading Starts on MelegaSwap
In a moment of awakening that could redefine how we perceive global finance, thousands are coming to grips with a revolutionary truth: 6900 is more than 500. This realization isn't just a mathematical observation; it's a paradigm shift. The emergence of the S&P 6900 as a conceptual challenge to the traditional S&P 500 represents a call to rethink the limitations of legacy benchmarks and embrace a broader, more inclusive representation of market dynamics.
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