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- 1/29/25: Trump Doubles Down On Crypto 🇺🇸
1/29/25: Trump Doubles Down On Crypto 🇺🇸

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Top News
Trump Media expands into fintech with Truth.Fi
X (Twitter) partners with Visa to launch peer-to-peer payments
Czech National Bank proposes $7B Bitcoin reserve

Specs’ Insights
1. Trump Media expands into fintech with Truth.Fi
JUST IN: Trump Media to invest in "Bitcoin and similar cryptocurrencies."
— Watcher.Guru (@WatcherGuru)
1:52 PM • Jan 29, 2025
⌐◪-◪ → Trump is doubling down on crypto!
Trump Media and Technology Group (TMTG) just made a bold move into financial services, announcing Truth.Fi, its new fintech brand.
The company plans to invest $250M in Bitcoin, cryptocurrencies, ETFs, and SMAs, in partnership with Charles Schwab. This marks a major diversification from its core social media business into finance.
This isn’t just a headline-grabber—$DJT (Trump Media’s stock) surged +15% after the announcement, signaling investor excitement about the company’s new direction. The timing is interesting too, as it comes just one day after X revealed its own financial services push.
While Truth.Fi signals Trump’s commitment to crypto, the big question is whether this "America First" investment approach can compete with other fintech giants like X Money. Regardless, TMTG’s crypto ambitions are another clear sign of crypto’s growing role in mainstream finance.
2. X (Twitter) partners with Visa to launch peer-to-peer payments
Another milestone for the Everything App: @Visa is our first partner for the @XMoney Account, which will debut later this year.
💰Allows for secure + instant funding to your X Wallet via Visa Direct
🪪 Connects to your debit card allowing P2P payments
🏦 Option to instantly… x.com/i/web/status/1…
— Linda Yaccarino (@lindayaX)
2:55 PM • Jan 28, 2025
⌐◪-◪ → X is becoming the everything app!
Elon Musk’s X is diving deeper into fintech, partnering with Visa to launch X Money and X Wallet, which promise to enable direct peer-to-peer payments.
Visa CMO quipped: “We want to be everywhere money moves,” highlighting Visa’s ambitions to lead digital payments. X Money could potentially replace Apple Cash, Venmo, or even traditional bank accounts—but here’s the twist: will it include crypto?
Dogecoin holders are holding their breath, though DOGE integration wasn’t mentioned in the announcement. Visa’s crypto experience (like its Coinbase partnerships) gives some hope that X Money might eventually embrace digital assets.
This move cements Musk’s vision of X as the ultimate “everything app,” but for now, it looks like a TradFi-heavy solution. To truly stand out, X Money needs to deliver on accessibility, fees, and speed—and embrace crypto to fulfill its promise of innovation.
3. Czech National Bank proposes $7B Bitcoin reserve
Czech National Bank Governor will present a plan to buy BTC tomorrow.
The plan is to buy up to $7 billion BTC.
The race to accumulate as much Bitcoin as possible has begun🥂
— The DeFi Investor 🔎 (@TheDeFinvestor)
11:05 AM • Jan 29, 2025
⌐◪-◪ → Czech Republic considers Bitcoin reserves
The Czech National Bank might just become the first Western central bank to hold Bitcoin. Governor Aleš Michl proposed allocating $7.3 billion (5% of the country’s $146 billion reserves) into BTC, alongside increasing gold and equity holdings.
Michl justified the move by highlighting Bitcoin’s low correlation to bonds, making it a strategic hedge in a diverse portfolio. This proposal aligns with recent shifts, like Trump and Sen. Lummis’s push for a Strategic Bitcoin Reserve in the U.S.
If approved, this move could kick off a wave of Western countries adopting Bitcoin. The game theory of nation-state Bitcoin adoption is officially playing out, and no one wants to be the last to join.
The proposal is still under review, but it’s clear: Bitcoin is no longer just a hedge for individuals—it’s becoming a serious consideration for governments.

Everything Else
📈 Market Snapshot
⛓️ Crypto & DeFi
Coinbase adds Trump campaign manager, ex-Senator to advisory
Ethereum active addresses surge 37%
AI DAO rebrands to ElizaOS over confusion concerns
Meteora hits $33B trading volume in January
Solana dev hacked for $1.2M but refuses to quit
Elon Musk reveals X payment plans with VISA partnership
Aerodrome suspends contributors over VVV token trades
World Liberty buys $2M in MOVE tokens, MOVE jumps 20%
Movement Labs unveils developer mainnet
Symbiotic launches restaking protocol on Ethereum
BTQ proposes energy-efficient Proof of Work alternative
SSV DAO unveils “SSV 2.0” framework
🏦 Wall Street & VC
Cboe files again for Solana ETF
Bitwise files for Dogecoin ETF
Robinhood CEO pushes SEC for tokenization rules
Pantera and Jump lead $20M Humanity Protocol round
Nuvve, public Green energy firm, starts Bitcoin reserve
Pod raises $10M for new Layer 1 network
Ross Ulbricht is said to be in market raising for a new crypto startup
🏛️ Legal & Regulatory
Trump vows to propel Bitcoin higher
Paradigm funds Tornado Cash co-founder defense
Movement Labs refutes insider trading allegations
Judge who ruled for Ripple sentences crypto Ponzi operator
Sen. Lummis accuses SEC of undermining Congress
Binance faces expanded money laundering probe
Preston Pysh explains why SAB 121 beats a Bitcoin reserve
Netflix hit with cease and desist over Bitfinex doc
Utah passes bill for digital asset investments
South Dakota seeks to establish Bitcoin reserve
🌎 Rest Of The World
French prosecutors expand Binance money laundering probe
Metaplanet plans to buy 21,000 Bitcoin by 2026
Coinbase receives Argentina expansion approval
Hong Kong grants first crypto licenses of 2025
🖼️ NFTs & Metaverse
Doodle’s creator Burnt Toast steps in as new CEO
NFT market hits three-year low in trading and sales
Story Protocol explains AI's impact on $60T IP industry
Ubisoft brings franchise to Ethereum's Sandbox
Dogwiftools scams users for over $10M
