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Stablecoin payments just got serious

Plus: MARA makes Donald Trump a block star

Welcome

GM. Crypto's ripe for the picking today - let's slice it up and see what's inside.

🚀 1Money is launching a Layer-1 for stablecoin payments.

🍋 News drops: crypto dev sues Attorney General Merrick Garland, MARA embeds Trump in a Bitcoin block + more

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🍍 Market flavor today

Fear and Greed Index
Find out more about the Fear & Greed Index here.

 Crypto Market Cap: $3.67T 3.96% (24H)
  Name   Price 24H 7D
Bitcoin Bitcoin BTC $104,480.74 5.24% 11.51%
Ethereum Ethereum ETH $3,437.69 3.00% 6.08%
XRP XRP XRP $3.24 -2.90% 42.29%
Solana Solana SOL $219.68 3.44% 17.97%
BNB BNB BNB $722.07 1.54% 4.33%
Prices as of 11:00 EST. Click here to see live data.

Imagine being that person who was the first to try the french fries + ice cream combo (me, personally? Don't get it. But apparently people love that sh*t). I wonder what they were thinking in that moment... like, "Do I really wanna know what's next?" "Is my life gonna change, or is it gonna… change?”

And that's exactly where we're at now, y'all.

The Fear & Greed Index is chillin' in Greed at 75 (same as yesterday), and Bitcoin's been hanging out between $97K and $105K.

However, trader Mister Crypto thinks it's not staying there for long. To him, BTC's chart is giving flashbacks to the last presidential inauguration. And if history's repeating itself...

Mister Crypto tweet 01-17

Source: @misterrcrypto

Crypto analyst Will Clementine also supports the idea of upward movement, which he believes will come from Bitcoin becoming a reserve asset.

The vision?

  1. One country establishes a strategic Bitcoin reserve;

  2. They buy more. And more. And then some;

  3. Others FOMO in;

  4. $1M BTC 🚀

Bold? Yeah. Possible? We hope so.

Oh, and speaking of pumps - certain altcoins are feeling themselves today:

  • XRP set a new all-time high at $3.38 on talk of an XRP ETF and rumors about Trump introducing an America-first strategic reserve that might include it;

  • SOL's up, 👆 same reasons;

Side note - many aren't convinced about the whole altcoin reserve idea. But hey, it seems to be doing good things for now, so we'll take it.

Quinn Thompson 01-17

Source: @qthomp

  • LINK increased by 12% after dropping the CCIP v1.5 upgrade, which makes it simpler for devs to launch cross-chain tokens;

  • HBAR's up the same percentage, mainly because of HBAR ETF rumors and some new partnerships for tokenizing real-world assets;

  • LTC rose 17% on talk that it might be next in line for an ETF approval.

Yeah, I know, some of this stuff might sound crazy. But ice cream and fries also seemed wild at first... until it wasn't 😏

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🥝 Memecoin harvest

Time to spam rocket emojis - these tokens memed their way to the top today 🚀

 

Name

 

24H Change

AGiXT

AGiXT AGIXT


82K%

CGAI

CGAI CGAI


11K%

QUARM

quarm QUARM


10K%

GoatIndex.ai

GoatIndex.ai AIAI


2.7K%

Data as of 08:00 AM EST.

Check out these memecoins and plenty more here.

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🛁 This ain't no 12-in-1 shampoo

A few years ago, while traveling with my friends, we stumbled upon this small diner in a small town.

It was a sweet spot - everyone was friendly, the menu was just a printed sheet in a transparent document holder (which, in my surprising experience, often means great food), yada yada.

All started well, but we got suspicious when we saw how long the menu was. This place served sushi, pizza, and tacos.

Guys, let's be real with each other - there is no way you can make all three taste good.

That's why most restaurants stick to one specialty. And that's why 1Money is launching a Layer-1 specifically for stablecoin payments.

Why's this one special? Here's what they said:

  • Instant transaction confirmation;

  • Fixed, low-cost fees (with plans for "gasless" transactions);

  • Native multicurrency support;

  • Stablecoin-based network fees (so you pay fees in the same stablecoin you're sending);

  • Built-in compliance mechanisms;

  • Unparalleled scalability (250,000 TPS and possibly more).

They've announced getting $20M from VCs like F-Prime Capital, Galaxy Ventures, Hack VC, Tribe Capital, and many more, and are planning to launch in Q2 this year.

Yeah... crazy... but I only invest in memecoins, so...

Well, stablecoins are kinda the bridge between TradFi and crypto - combining the familiarity of fiat with blockchain innovation.

Payment solutions like 1Money - where you can actually use your stablecoins (yes, even for overpriced merch… guilty 👀) push us closer to mainstream adoption.

From stablecoins to Bitcoin is just one step. And the next step after that is… you know… fun ;)

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🍋 News drops

⚖️ Crypto dev Michael Lewellen is taking Attorney General Merrick Garland to court because… he wants to build stuff in peace. He's working on Pharos, a non-custodial crowdfunding platform, and wants a judge to confirm it's legal - and keep prosecutors from knocking on his door later.

🎨 Bitcoin miner MARA embedded a pixelated Donald Trump portrait in block 879613 - a nod to his upcoming inauguration. Okay, I like it, Picasso.

Trump embedded in BTC block

📡 India's largest telecom network, Jio, launched JioCoin on Polygon. The token's basically your gold star for using JioSphere - but no one knows what you can actually do with it yet.

👻 Phantom bagged $150M in a Series C led by Sequoia and Paradigm. This funding round pushed their value to $3B.

🐙 Kraken on your mind? We've done the homework so you can see if it's your next crypto home base.

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🍌 Juicy memes

ETH 5K soon meme

Source: @naiivememe

Did not buy Bitcoin in 2009 because of 3D Pinball

Source: @naiivememe

The BTC cycle meme

Source: @CryptoTea_

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Gode S. Web3 Market Analyst
Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem.
Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information.
Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries.

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