Crypto News
Grayscale Unveils New Dogecoin Trust
Grayscale has rolled out a new trust offering exposure to dogecoin (DOGE), the asset manager announced Friday.“Dogecoin represents a paradigm shift in global financial accessibility,” Grayscale’s head of product & research, Rayhaneh Sharif-Askary, told CoinDesk. “Its low transaction costs and rapid transfer speeds make it an optimal vehicle for international remittances, particularly in regions with underdeveloped banking infrastructure.”The launch of the Dogecoin Trust comes only weeks after President Trump — who (likely with an assist from Elon Musk) named one of his newly formed groups the Department of Government Efficiency (D.O.G.E.) — took office with the promise of promoting the crypto industry.Since the Trump election victory, several asset managers have filed applications for memecoin exchange-traded funds (ETFs), including DOGE, an...
Trump’s Hard Edge Emerges: Canada and Mexico to Pay 25% Tariffs
President Trump has decided to apply tariffs to Mexico and Canada. Speaking to reporters at the Oval Office, Trump revealed he would implement a 25% tariff regime on imports from these countries starting February 1. Trump to Follow Early Threats: Mexico and Canada to Pay 25% Tariffs President Donald Trump is making tariffs his weaponSource link
Elon Musk’s Father Promotes ‘Musk It’ Solana Meme Coin
Errol Musk wants to use the coin to raise $200 million for a think tank—without his son’s involvement.Source link
El Salvador Complies With IMF Requirements: Bitcoin Legal Tender Status Withdrawn
Congress passed a reform that modifies the so-called “Bitcoin Law” in El Salvador to comply with the stipulated requirements in the deal inked with the IMF last year. These modifications prepare the country to receive $1.4 billion in a credit facility. El Salvador Passes Bitcoin Law Reform, BTC Acceptance Is Now Voluntary El Salvador, aSource link
Crypto Daybook Americas: USDC Takes January Crown as Bitcoin Looks to Core PCE Data
By Omkar Godbole (All times ET unless indicated otherwise)The crypto market is treading water and the biggest cryptocurrency, bitcoin, is taking a bull breather. Its upward momentum is getting stifled by Trump's renewed tariff threats, which are also sending gold prices soaring to record highs and propping up demand for the U.S. dollar.But there is action in some corners of the market. The VIRTUAL token popped after its recent listing on Upbit, and Hyperliquid's HYPE token has seen a 3% gain. Litecoin is also making waves, with its perpetual futures open interest on centralized exchanges climbing to 5.19 million LTC, the most since Dec. 9, according to Coinglass. The surge hints at fresh capital flowing into the market, likely fueled...