XRP Gains, Trump Inauguration, AI Agents
There were several big stories and developments happening in the cryptocurrency space this week, including Binance lists three artificial intelligence proxy tokens, Grayscale unveils 39 assets that will be included in its investment products, and Donald Trump’s first crypto ball.
XRP also surged to a six-year high, having a knock-on impact on the cryptocurrency market, with JPMorgan predicting that the potential market for XRP and XRP will reach $14 billion Solana ETF.
Binance launches three AI proxy tokens with huge success
Binance, One of the world’s leading cryptocurrency exchangeslist Three new AI agent tokens January 10th. The company also allows zero-fee trading of three tokens: aixbt by Virtuals (AIXBT), ChainGPT (CGPT), and Cookie DAO (cookie). After listing, the share prices of the three assets soared by more than 40%.
Many influential voices within the crypto industry are becoming Increasingly optimistic about artificial intelligence agents. For example, yesterday, OKX Ventures Identify it as a key investment area By 2025, Nvidia CEO claims it will be A multi-trillion dollar industry.
The performance of these three coins demonstrates the growing hype around artificial intelligence agents across the crypto community.
Grayscale announces 39 altcoins for investment consideration
grayscale, One of the leading ETF issuersrevealing a An extensive list of potential new cryptocurrency investment optionsincluding meme coins and AI tokens.
In total, the company is considering adding 39 altcoins to its lineup of investable digital assets. They are divided into five categories: currencies, smart contract platforms, finance, consumer and culture, and utilities and services.
“The list may change quarterly as some multi-asset funds are restructured and we launch new single-asset products,” Grayscale claim.
Grayscale has A range of new crypto products have been added this way before. For example, it 35 tokens were released last Octoberbut not all of them made it onto the official listTing.
Some of these assets, such as KAS, easyARB and TIA appear in both lists. Other differences between the two rosters reveal changes in Grayscale’s priorities.
Grayscale has clearly placed more emphasis on AI agents over the past few months, but a few areas such as memecoins, RWA, and DePIN are also gaining traction.
The first-ever ‘crypto dance party’ will be held before Trump’s inauguration
Trump’s newly appointed AI and cryptocurrency czar David Sacks will host The first ever crypto ball. The low-end $2,500 tickets to the black-tie event were sold out, underscoring the enthusiasm for the event.
Several well-known companies support it, including Coinbase, SuiMisten Laboratory, MetamaskGalaxy, Ondo, Solana and MicroStrategy.
“This exclusive event offers VIP tickets worth $100,000 as well as a private Trump dinner package worth $1 million. Major sponsors including Coinbase, MicroStrategy and Galaxy Digital are supporting the event, which marks the U.S. government’s move towards supporting cryptocurrencies. Change of direction ”Mario Nawfal. Wrote on X (formerly Twitter).
Since winning the election in November, Trump has promised A comprehensive series of reforms to support cryptocurrencies in the United States. At this time, the president-elect is not expected to attend in person, but other supportive industry officials will. Trump is also expected to Sign executive order supporting cryptocurrencies on his first day in office.
XRP surges to new all-time high of $3.39
Ripple’s altcoin XRPsurged to its highest price in seven years, triggering a series of changes in the broader crypto ecosystem. Some Meme coin based on XRPCompanies like ARMY, PHNIX, and LIHUA have seen impressive gains thanks to XRP’s loyal supporter base.
Ripple also Outperformed other crypto assets over the past weekcontributes to this optimism. Earlier today, its Transaction volume exceeds US$20 billionTrump may support U.S. reserves of multiple assets, not just Bitcoin, fueling speculation.
JP Morgan predicts XRP, SOL ETF market size to be US$14 billion
Analysts at major investment bank JPMorgan Chase claim XRP and SOL ETF market could reach $14 billion. These analysts predict XRP ETF will be the more profitable of the two, but the conclusion is that both are likely to receive SEC approval in 2025.
JPMorgan analysts such as Kenneth Worthington said, “The key issue here remains uncertainty about investor demand for other products and whether the launch of new cryptocurrency ETPs is important.”
Earlier this year, Ripple CEO Brad Garlinghouse claimed XRP ETF is inevitableand this prediction seems increasingly likely.
SEC Chairman Gary Gensler to take office Resign from office Along with CFTC chairman, both positions will be replaced by industry advocates. Financial regulation in the United States is about to become more pro-cryptocurrency.
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