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Wall Street’s biggest banks are finally backing Trump’s pro-crypto agenda after his new executive order cleared regulatory hurdles. Trump stacked his administration with crypto advocates, like SEC pick Paul Atkins and Treasury nominee Scott Bessent, to drive his plans. The SEC scrapped its restrictive accounting rule, SAB 121, letting banks hold crypto without the crushing capital requirements.

TRUMP token’s decline from its $79 peak reflects waning interest and trading momentum. Can breaking $34 spark a sustainable recovery?

Deciphering Bitcoin's Market Behavior: Crucial Price Points under the Microscope as Financial Experts Brace for FOMC Decision

XRP's Surprising Performance: A Disruptor to U.S. BTC Reserves or Speculation Bubble in the Making?

Major token unlock events are scheduled next week for Optimism and other projects, releasing previously blocked tokens under fundraising terms. These events can lead to price volatility based on market conditions and investor reactions.



Quick Take This is an excerpt from the 20th edition of The Funding sent to our subscribers on Jan. 26. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.

Quick Take The Metropolitan Museum of Art has launched a new blockchain-powered game in conjunction with TRLab that rewards players for finding connections between different works of art with NFT badges and a chance to win one of 500 Met-related prizes. The Met’s first foray into blockchain and NFT technology has the goal of deepening audience engagement with the museum’s works.
- 11:48Key Takeaways from the Fed’s June Meeting Minutes: Lowering the Bar for Rate CutsOdaily Planet Daily News: Key points from the Federal Reserve's June meeting minutes are as follows:1. How likely is a rate cut in July: How much support will Trump 1.0 appointees Waller and Bowman receive? Both have indicated they will consider a rate cut at the July meeting, and that the impact of tariffs on prices may be temporary.2. Observation period may end in summer, possible rate cut in September: The minutes may suggest that "the interest rate path will depend on data released in June, July, and August," and the "wait-and-see" period may end by late summer. The minutes could indicate that the committee expects to have the necessary data to make a rate cut decision before the end of summer. If things go as expected, this will reinforce market expectations for a rate cut in September.3. Lowering the threshold for rate cuts: The June Fed meeting minutes may read more dovish. While Powell tended to use neutral language at the June meeting, the minutes can better reflect what Powell did not explicitly state: the threshold for a rate cut is decreasing.4. Clues to internal divisions: Of the 19 officials in June, 7 believed no rate cut was needed this year, 2 expected one cut, 8 expected two cuts, and 2 expected three cuts. Analysts will look for clues as to what caused this divergence. What supports the view of the 7 Fed officials who believe there will be no rate cuts at all in 2025?5. Concerns about the dual mandate: Previous Fed economic forecasts showed that the pace of price increases will accelerate for the rest of this year, but in 2026, even if rates are expected to fall, the pace of price increases will slow again. There is also attention on whether there are serious concerns about the strength of the job market. (Jin10)
- 11:48Bedrock: Noting Significant BR Price Fluctuations, Will Publicly Disclose LP Address to Clarify No WithdrawalOdaily Planet Daily reports that Bedrock has posted on the X platform, noting significant fluctuations in the BR price and advising the community to remain rational and exercise caution when trading or providing liquidity. Bedrock further stated its ongoing commitment to long-term development. To enhance transparency and build community confidence, Bedrock will disclose the official PancakeSwap LP address to clarify that no funds have been withdrawn, inviting public oversight and feedback. Additionally, Bedrock has pledged to maintain liquidity in the near future as part of its efforts to support BR stability, the BNB ecosystem, and Alpha’s long-term growth.
- 11:34Analysis: 26 Addresses Withdraw $47.59 Million in Liquidity Within 100 SecondsAccording to Jinse Finance, on-chain analyst Ai Yi has monitored that 26 addresses withdrew liquidity worth $47.59 million within 100 seconds. This was accompanied by three addresses dumping over $1 million each and 13 addresses dumping over $500,000 each, resulting in a sudden collapse in liquidity and an instant price crash. Before the sharp drop, BR's liquidity once exceeded $60 million, but now only $14.56 million remains.