🇺🇸 Utah has become the second U.S. state to approve a bill establishing a strategic BTC reserve.

Earlier, the Arizona Senate Finance Committee also approved a similar bill.

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🇨🇿 The Governor of the Czech National Bank announced his intention to present a plan to the board of directors for investing billions of euros from the country's reserves into Bitcoin.

If the proposal is approved, the central bank will be able to hold up to 5% of its reserves in BTC.

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🇺🇸 Bloomberg reports that Trump Media, Trump's company, will invest in ETFs and crypto.

Trump Media will also launch a fintech brand, TRUTH FI.

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📈 The stablecoin market capitalization reached a record $200 billion, gaining $40 billion after Donald Trump's election victory.

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🇺🇸 White House says 25% tariffs on Canada, Mexico, and 10% on China will go into effect tomorrow.

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🇮🇳 Reuters reports that India is revisiting its stance on cryptocurrencies, driven by changing attitudes toward virtual assets in other countries.

Back in 2022, Indian authorities planned to impose a 30% tax on profits from digital assets. In 2024, the local regulator blocked the websites of major crypto exchanges, including Binance, Kucoin, Huobi, Kraken, Gate, Bittrex, Bitstamp, MEXC, and Bitfinex.

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🩸 Monday kicked off with a major downturn: amid rumors of a new trade war allegedly initiated by Trump and expectations of a “bloody” day on the U.S. stock market, the total cryptocurrency market capitalization plummeted by 10% overnight, with some altcoins losing up to 30%.

Over the past 24 hours, a colossal number of liquidations—714 660 trader positions totaling $2.18 billion—has been recorded. The overall liquidation volume is comparable to what was seen during the FTX collapse and at the onset of the COVID pandemic.

Analysts believe the market will recover soon, attributing the sharp decline to the Asian market’s inability to quickly react to negative news during the holiday lull. Once liquidity and sentiment return to normal, a swift rebound is expected.

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