Altcoin
Coinbase Urges Fewer Crypto Banking Restrictions
More bullish news for crypto investors — Coinbase seizes on Trump’s pro-crypto stance and goes gloves-off against unfair crypto regulations. One crypto presale, Solaxy, which plans to upscale the Solana ecosystem, has seen major momentum following this news.
On Tuesday, executives from the Coinbase exchange sent out a letter urging the OCC, Federal Reserve, and FDIC for reforms to allow crypto in traditional banking.
In this context, investors are already eyeing US-made cryptos like Solana, with the potential for $SOL ETFs only further advancing the need for crypto C&E services in the future. This surge in interest in Solana has also translated into a boon for the Solaxy presale.
Coinbase Calls for Crypto Banking Services in the US
On Tuesday, US-based crypto exchange Coinbase sent out a letter urging federal banking regulators — the OCC, FDIC, and the Federal Reserve — to establish clear, consistent, and fair rulings and allow banks to offer custody and execution (C&E) services.
According to Coinbase, C&E providers have been blocked from partnering with banks because of inconsistent and vague guidelines. This legal hurdle stifled innovation and crypto adoption, but a regulatory overhaul could finally bridge the gap between crypto and traditional financial services in the US.
If this request is met, it would make crypto more accessible to everyday users and boost liquidity in the crypto market. Considering Trump’s pro-crypto leadership, Coinbase’s plea couldn’t be more perfectly timed.
The President’s appointment of David Sacks as the White House ‘AI and Crypto Czar,’ and the change in SEC leadership are just two more telling signs of a positive shift in the US crypto market. Moreover, the potential introduction of Made-in-USA crypto ETFs could further speed up this process.
With $SOL being the second-largest US cryptocurrency by market cap, Solana-focused project, Solaxy, is positioned for growth in 2025 and beyond.
That’s because, as crypto adoption booms, Solaxy’s Layer-2 Solana chain could provide the perfect platform for high-volume use cases like bundled transactions and DeFi services.
Solaxy to Turbo-Charge the US’s Solana Blockchain
Solaxy ($SOL) is a new cryptocurrency project based on Ethereum that aims to tap into that blockchain’s liquidity to build a Solana Layer 2. The establishment of the Solaxy blockchain will ensure speedy transactions and low slippage, but without Ethereum’s hefty gas fees.
According to the project’s whitepaper, this L2 will supercharge trading on Solana, solving the main blockchain’s pain points like network congestion, downtimes, failed transactions, and scalability limitations.
This will all be made possible thanks to Solaxy’s off-chain transaction processing, which allows for better performance and easier scalability for high-volume use cases. These could include anything from ordinary crypto trading to DApps deployment, DeFi services, and other Web3 applications.
It’s this versatility and the fact that Solaxy bridges two of the major blockchains that give the project great future gains potential, and the market seems to agree.
The project is still in presale, with the token and blockchain coming after the initial coin offering ends. However, $SOLX now sells for $0.001626, a 62% price increase since the presale launched in late 2024.
Investors have already poured in over $18M into the project, pushing Solaxy nearly halfway to its fundraising goal in record time. And the presale momentum is only picking up, with one whale recently picking up as much as $49K worth of $SOLX.
The project is also gaining traction on social media, with a combined following of over 70k followers on X and Telegram.
If you’re looking for a hot new utility token, now’s the time to buy Solaxy and secure a 224% staking reward.
2025 Looks Promising for Solana & US Crypto Projects
President Trump’s pro-crypto approach has emboldened crypto service providers to push for regulatory changes, with Coinbase being the most recent appellant. In this context, made-in-the-USA cryptos and upcoming utility projects like Solaxy could enjoy huge potential gains.
Our $SOLX price predictions suggest the project could be one to watch, however, it’s still important to DYOR before investing, no matter how promising the market sentiment seems. This article doesn’t provide financial advice, and crypto remains prone to wild swings, so always look twice before you leap.
Cardano founder Charles Hoskinson has provided optimism for the crypto community amid the recent market crash. Hoskinson asserted that 2025 is crypto’s year despite this setback and explained why he holds such a belief.
Cardano Founder Explains Why 2025 Is Crypto’s Year
In an X post, Charles Hoskinson asserted that 2025 is crypto’s year. This came as the crypto founder gave an idea of how big the upcoming bull market will be for crypto.
The Cardano founder noted that the market had just absorbed a downturn that was larger than FTX and Luna’s collapse and has already nearly recovered. He also alluded to the liquidations recorded earlier in the week with $710 billion in losses and 740,000 traders liquidated in 24 hours.
Indeed, billions of dollars were wiped from the crypto market between Sunday and Monday earlier this week as traders offloaded their coins following Donald Trump’s tariffs on Canada, Mexico, and China.
However, as Hoskinson indicated, the crypto market showed strength in how it quickly reversed following the agreement between the US, Canada, and Mexico to halt these tariffs for one month.
The Bitcoin price, which had dropped to as low as $91,000 amid the crash, quickly rebounded and reclaimed $100,000 following the pause on these tariffs. Altcoins also showed strength with the Cardano price, which is one of the cryptos that recorded major gains following the market rebound.
Some Bullish Fundamentals For The Crypto Market
Several bullish fundamentals support the Cardano founder’s claim that this upcoming bull market will be huge for crypto. For instance, Donald Trump’s Crypto Czar, David Sacks, assured that he and his team are evaluating the possibility of creating a Bitcoin reserve.
The crypto market will also gain regulatory clarity as the US Securities and Exchange Commission (SEC) has set up a crypto task force. The task force will focus on clarifying the application of federal securities laws to the digital asset industry.
Ripple’s CEO Brad Garlinghouse also recently commented how Sacks and his team committing to passing legislation for crypto clarity is 100% a big deal. It is worth mentioning that Senator Bill Hagerty introduced the GENIUS bill yesterday, which is aimed at regulating stablecoins in the US.
From A Technical Perspective
From a technical perspective, crypto analysts have backed the Cardano founder’s claims as they predicted that the Bitcoin price and, ultimately, altcoins would rally higher.
Crypto analysts like Titan of Crypto have predicted that the Bitcoin price could rally to as high as $160,000 this year. Titan of Crypto recently asserted that the Bitcoin bull market is still intact. He further remarked that as long as BTC holds a monthly close above the 38.2% Fibonacci retracement level, the bullish trend remains valid.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The $3.25 trillion crypto industry is on the cusp of a significant recovery following a massive market crash. Aligning with the broader market trend, the ONDO price is also poised for a dramatic breakout.
Notably, the potential surge of the ONDO token could be mainly attributed to Ondo Finance’s recent launch of Ondo Global Markets (Ondo GM). While the real-world asset tokenization platform’s initiative envisions tackling the challenges of the traditional securities landscape, it could significantly boost the ONDO price.
ONDO Price Set for a 3x Surge
Crypto analyst World of Charts predicted via his recent X post that the ONDO price could skyrocket by 2-3x. According to the analyst, the ONDO token’s growth would coincide with the broader crypto market’s uptrend after the recent crash. The chart presented by the analyst showcases the possibility of ONDO hitting $3.4 soon.
Reflecting on World of Charts’ predictions, another analyst, known on X as Easy, forecasted that the ONDO price would reach $3 if it crosses $1.5. However, if the token fails to surge past $1.3, ONDO may fall back to $1.
What Triggers ONDO’s Potential Upsurge?
In a recent development, Ondo Finance announced the launch of Ondo Global Markets (Ondo GM), a blockchain-based platform that brings traditional financial markets on-chain, enhancing accessibility and efficiency. The initiative has highly influenced the ONDO price, which targets even an ambitious mark of $5 this year.
The platform intends to address conventional issues like high fees, limited access, transaction difficulties, and other risks inherent to the traditional securities market. The move follows Ondo Finance’s alliance with Ripple to launch its tokenized US Treasury fund, OUSG, on XRP Ledger (XRPL).
In an official blog post, Ondo Finance stated,
The current investing experience is broken. High fees, limited access, transfer frictions, platform fragmentation, and hidden risks create barriers for both investors and the companies that serve them.
Ondo Finance Witnesses Major Developments
Recently, Ondo Finance introduced Ondo Nexus, a project aimed at enhancing liquidity for tokenized Treasuries issued by third parties. The initiative drove the ONDO price to $1.38, marking a 15% hike.
In addition, the first-ever ONDO Summit will be streaming live from New York on February 6, 2025. These developments could significantly drive the ONDO price to new highs.
As of now, the ONDO price is at $1.43, marking a marginal loss of 0.30%. Despite a weekly gain of 3.2%, the token has experienced a 6% dip over the last month.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Elon Musk was appointed to improve government efficiency. And he says he’s going to do it by putting the US treasury on the blockchain.
At least half of the US thinks this is a terrible idea – but for crypto adopters, it could be just the thing to propel the market to new heights.
Let’s see how Musk’s radical vision for the US treasury could cause the $BEST presale to soar in a potential bull run.
Blockchain the Treasury, Can It Be Done?
The US government budget for 2025 totalled roughly $1.5T, and virtually all of it runs through the US treasury.
If Elon Musk can find a way to put the entire treasury – all social security payments, federal employee wages, government aid, the whole thing – onto the blockchain, then the treasury would instantly possess the second-biggest ‘market cap’ in crypto. Only Bitcoin would be bigger.
It’s not an exact comparison, of course, but it shows just how seismic a shift this move represents.
From Musk’s standpoint, a public ledger would instantly remove a lot of the cloak-and-dagger aspects of the national budget and treasury. Payments could be tracked more easily, and transparency would instantly improve.
More importantly, crypto adoption would explode overnight. Over 3M people work for the US government – and all of them would be forced to use crypto.
Increased Adoption Sends $BEST Presale Sky-High
The more people who use crypto, the better for everyone in the crypto economy. Bitcoin will benefit, Musk’s beloved Dogecoin will too (possibly also sending new meme coins on a run), and upcoming projects with utility and potential could go sky high.
As increased crypto adoption pushes demand for crypto wallets, one of the fastest-growing crypto wallets, Best Wallet stands to benefit.
The Best Wallet ecosystem lets even beginner crypto users jump into using Best DEX (decentralized exchange) and Best Card, making crypto simpler than ever.
Now, the $BEST token supercharges Best Wallet’s already compelling benefits.
Upcoming Best Wallet updates will even allow investors to follow select presales, purchase tokens, and claim them all within the Best Wallet app.
$BEST holders also receive higher staking rewards for tokens held in Best Wallet, and reduced transaction fees.
The Best Wallet Token presale just passed the $9M mark; visit the $BEST presale page here to secure your tokens for $0.023875 before the next price increase.
Get Best Wallet, hold $BEST, earn rewards, and integrate seamlessly with the entire crypto economy – including, potentially, the US treasury itself.
Trump to Launch Next Crypto Boom?
Trump is making pro-crypto moves across the board.
While Musk talks about taking the treasury onto the blockchain, the Securities and Exchanges Commission is dialing back enforcement.
It all adds up to a potential crypto boom in the US, with adoption, development, and crypto-friendly initiatives all in overdrive.
Crypto presales like the $BEST token are poised to be in the right place at the right time for max gains. Do your own research, of course; none of this is financial advice, and the crypto market is always volatile.
That said, these are undeniably exciting times for crypto.
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