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- Trump’s Truth.Fi, Bitcoin’s $103K Tug-of-War & USDT Getting Kicked Out
Trump’s Truth.Fi, Bitcoin’s $103K Tug-of-War & USDT Getting Kicked Out
Hey Degens!
Strap in, because today’s edition is packed with big moves, bigger headlines, and some regulatory chaos. Here’s what we’ve got for you:
📢 Trump launches Truth.Fi – A crypto and ETF-focused fintech venture.
📉 Crypto.com boots USDT in Europe – MiCA compliance is getting real.
📊 Bitcoin stuck at $103K – Bulls sweating, Fed lurking.
Let’s break it down.👇
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🔥 Trump’s Truth.Fi: A Fintech Power Play in Crypto & ETFs 🔥
First, he dropped a memecoin. Then, he backed World Liberty Financial. Now, Trump Media is launching Truth.Fi, a new crypto and ETF investment platform.
What’s Happening?
Trump Media (aka Truth Social’s parent company) is moving into financial services.
They’re allocating $250 million with Charles Schwab to manage crypto, ETFs, and separately managed accounts (SMAs).
Schwab will also advise on investments and strategy.
🚀 Why It Matters:
Truth.Fi could onboard Trump’s base into crypto (think retail boom).
A politically-backed financial platform? Expect waves in both crypto and TradFi.
DJT stock pumped 10% on the news.
💡 Degen Take: Trump’s portfolio is now memecoins, DeFi, ETFs, and social media—basically, he’s a degen with better lawyers.
🚨 MiCA Strikes: Crypto.com to Boot USDT & 9 More Tokens
Remember when everyone thought MiCA regulations were just another EU snoozefest? Turns out, they mean business.
Crypto.com just announced that Tether (USDT) and nine other tokens will be delisted in Europe on Jan. 31. Users have until March 31 to convert assets before they get auto-swapped into MiCA-compliant alternatives.
The Tokens Getting the Axe
❌ USDT (The biggest one—ouch)
❌ Wrapped Bitcoin (WBTC)
❌ Dai (DAI), Pax Gold (PAXG), PayPal USD (PYUSD)
❌ Crypto.com’s staked ETH & SOL, Liquid CRO, XSGD
Why? The EU is cracking down on non-MiCA-compliant stablecoins, with the European Securities and Markets Authority (ESMA) making it clear: No USDT allowed.
💡 What’s Next?
USDT might get booted from more European exchanges before the March 31 deadline.
USDC is loving this – Circle’s MiCA-compliant stablecoin is already soaking up new liquidity.
Regulatory headaches ahead – Will other exchanges follow suit?
📊 Bitcoin Stuck at $103K – What’s Holding It Back?
Bitcoin is in limbo—hovering between $99K and $106K for two weeks straight. What’s going on?
🔴 The Fed is in the building – Interest rate decision coming, and traders are holding their breath.
🔴 Retail demand is weak – Small investors are on the sidelines, waiting for a clear move.
🔴 $103K is the magic number – Bulls need to reclaim this level to get back in the driver’s seat.
Market Watch:
📉 If BTC fails to hold $103K, we could see a drop to $98K or lower.
🚀 If BTC breaks above $106K, new highs might not be far off.
🚀 That’s a Wrap, Degens!
From Trump’s latest crypto-fintech power move to Bitcoin’s awkward standoff at $103K, the markets are serving up more plot twists than a Netflix drama. USDT’s EU exit is shaking things up, and token unlocks are about to test whether Optimism and Sui can survive the sell pressure.
One thing’s for sure—2025 is off to a chaotic start, and we’re here for it.
Stay degen, stay sharp, and remember: the bull rewards the patient, but the degen gets there first.
- The DegenDen Team
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