1.Bloomberg ETF Analyst: Approval for Solana or XRP ETFs is Only a Matter of Time
On January 17, PANews reported that Bloomberg ETF analyst James Seyffart tweeted that the Litecoin ETF application by Canary might have a better chance of approval from the US SEC than other crypto asset ETFs because Litecoin has not been classified as a security by the SEC. He noted that the SEC has not yet reviewed the recent Solana ETF application but believes the approval of Solana or XRP ETFs is only a matter of time.
Currently, Nasdaq has filed a 19b-4 form to list and trade Canary’s Litecoin ETF, and the market is watching to see if the SEC will formally accept this application.
2.Litecoin ETF Meets All Conditions, Could Be the First Altcoin ETF of 2025
Bloomberg Senior ETF Analyst Eric Balchunas stated on social media, “The Litecoin ETF has now met all conditions, and the countdown to the first altcoin ETF of 2025 is underway. I see no reason for the application to be withdrawn, especially since the SEC has commented on the S-1 filing, Litecoin is treated as a commodity, and the SEC has new leadership.”
3.Polymarket Predicts a 48% Chance of the U.S. Establishing a National Bitcoin Reserve in 2025
According to Polymarket, there is currently a 48% probability that the U.S. will establish a national Bitcoin reserve by 2025. This prediction market contract has a trading volume of $121,145 and will expire at the end of 2025.
4.DEXs Could Benefit from Strict U.S. Crypto Tax Laws
For the first time, U.S. cryptocurrency transactions will be subject to third-party tax reporting requirements, reflecting increased scrutiny as digital asset valuations rise. Analysts suggest this change may drive investors toward decentralized platforms.
According to final regulations issued by the IRS, centralized cryptocurrency exchanges (CEXs) and other brokers will begin reporting sales and exchanges of digital assets, including cryptocurrencies, starting in 2025.
Blockchain expert Anndy Lian noted that some investors might view this as excessive intervention, potentially leading more users to decentralized trading platforms.
5.Lower CPI Data Could Usher in Altcoin Season
QCP Capital stated via its official channel that global markets rebounded after the release of a lower-than-expected Consumer Price Index (CPI) report, easing concerns about escalating inflation. Bitcoin surged by 4.13%, reaching a high of $100,800 before stabilizing slightly below $100,000.
Stock markets also showed optimism, with the S&P 500 Index up 1.83% and the Nasdaq Index up 2.27%. Bitcoin and Ethereum spot ETFs saw strong inflows, with Bitcoin spot ETFs receiving an impressive $723.2 million.
The report also highlighted a potential altcoin season, as Bitcoin’s market dominance fell from 58.6% to 57.4%. If Bitcoin’s dominance drops below the 57.3% support level while its price stabilizes around $100,000, this could signal the start of an altcoin season.
6.Eight U.S. States Lead Push for Bitcoin Strategic Reserve Legislation
According to Cointelegraph, eight U.S. states are currently leading efforts to promote Bitcoin strategic reserve legislation. These states are:
Florida
Alabama
New Hampshire
Pennsylvania
Ohio
North Dakota
Oklahoma
Texas
7.Trump Open to the Idea of a U.S.-Created Digital Currency Reserve
According to the New York Post, Trump is “open to the idea” of establishing a strategic reserve that includes U.S.-created digital currencies. The report states, “While many in the crypto community are celebrating Trump’s impending executive order in support of cryptocurrencies, one proposal has sparked more debate: establishing an ‘America First’ strategic reserve that prioritizes U.S.-created digital currencies like Solana, USD Coin, and Ripple.
In recent weeks, Trump has met with the founders of these digital currencies, and according to sources, he is open to the idea. However, unnamed industry insiders worry this move could undermine efforts to promote Bitcoin’s legitimacy.”
8.Uniswap Protocol Hits $500 Billion in L2 Trading Volume
According to Dune Analytics, Layer 2 trading volume on the Uniswap protocol has reached an all-time high, surpassing $500 billion.
9.BlackRock’s IBIT Holdings Surpass $55 Billion
Official data shows that BlackRock’s Bitcoin ETF, IBIT, held 554,311.086 BTC as of January 15, with a market value exceeding $55 billion, reaching $55,464,006,965.44.
10.Fed May Lower Interest Rates 3-4 Times This Year If Data Remains Strong
Federal Reserve Governor Christopher Waller indicated that if economic data continues to perform well, there could be three to four interest rate cuts this year.

Comment79