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The official X account of the President of the Central African Republic announced a memecoin named CAR. The launch of the memecoin is described as an experiment to determine if a meme can "unite people" and support the "national development" of the Central African Republic.
Quick Take The prices of various cryptocurrencies have dipped after President Trump told reporters that he plans to implement new 25% tariffs on steel and aluminium next week. The price of Bitcoin, which briefly surpassed $100,000 on Friday, has slid to around $95,000, with Ethereum down 3.5% in the past 24 hours. The price action comes shortly ahead of Super Bowl LIX, expected to be the most-watched telecast of the year.
Bitcoin's historical price data suggests potential for new all-time highs in Q1, yet liquidity gaps below $80,000 might cause a short-term price decline.
Bitcoin could reach $150,000 this cycle, and if it surpasses that price level, it will probably "come back down through it," says Glassnode analyst James Check.
The group will focus on creating a federal regulatory framework for digital assets, including stablecoins, and will work to assess the establishment of a "strategic national digital assets stockpile."
Markus Thielen from 10x Research states that Bitcoin is moving in $18,000 increments and forecasts it could reach $122,000 by February.
AI-driven meme coins utilise artificial intelligence for personalised content, real-time analytics, and enhanced user engagement. While these innovations present exciting possibilities, the long-term success of this sector will depend on addressing key challenges.
- 17:14Opinion: Easing Global Trade Tensions Propel Bitcoin Past $100,000After Trump announced a trade agreement with the UK, it is expected that trade tensions will ease, which pushed Bitcoin to break through the $100,000 mark for the first time since February this year. On Thursday, the largest digital asset rose by 3.4%, and most other major tokens also increased, with Ethereum surging by 12%. On January 20, the day of Trump's inauguration, Bitcoin's price rose to a record level of around $109,000. Trump stated that the full details of the agreement will still be negotiated in the coming weeks. However, under the agreement, the UK will expedite the customs process for American goods and reduce barriers to agricultural, chemical, energy, and industrial exports. This is the first agreement since Trump imposed high tariffs on dozens of American trade partners.
- 17:14ORDI Surpasses 8 USDMarket data shows that ORDI has surpassed $8, currently reported at $8.01, with a 24-hour increase of 19.2%. The market is highly volatile, so please ensure proper risk management.
- 16:34Backpack Exchange Upgrades SOL Asset Lending Service, Offering Up to 12.24% APY on SOL LoansAccording to official news, Backpack Exchange has announced an upgrade to its SOL asset lending service. Users can now lend SOL tokens to earn an annualized yield of up to 12.24%, integrating lending, staking, and perpetual contract collateral functions. This yield is not reliant on subsidies but is composed of real staking and lending returns. Users only need to deposit SOL and enable the Auto-lend feature to participate, with no additional actions required.