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A new trend is developing in the altcoin market, with lower-capped tokens gaining ground and surpassing higher market share groups in liquidity share. Kaiko Research’s latest report highlights this new trend, noting its unique timing alongside increasing market activity triggered by prevailing socio-economic events. Donald Trump’s emergence as the new US president triggered a ripple effect that transverses the mainstream and digital assets sector. From the election result declaration last November to Trump’s January 20 inauguration, including the policies somersault that described the initial few days of the Trump administration, the digital assets sector saw heightened market activity. According to Kaiko’s report, the daily liquidity of altcoins has almost doubled since September 2024, hitting $960 million. Related: Top 30 Tokens by Volume and Depth: Kaiko Research Data The top 10 altcoins by market capitalization accounted for 64% of the total market depth, leaving the mid-cap tokens with a declining market liquidity share. Meanwhile, smaller digital assets within the top 50 altcoins region have been quietly gaining ground, surpassing higher market cap groups in liquidity share. The altcoin market did take a hit after the new president’s policy announcements just days after taking office. Although the decline cut across the entire crypto market, Bitcoin showed notable resilience. Bottomline is, the divergence between Bitcoin and altcoins’ fortunes over the past few weeks. A lot of experts are calling this growing split a red flag for altcoins, warning it could mess with their projects’ long-term survival. The trend shows the dynamic nature of the crypto market, where investors and traders would have to stay focused and adapt to the brisk shifts. Related: Bitcoin’s 30-Day Volatility Surpasses Ether’s Volatility Rate: Kaiko Although the current trend appears not to favor the top altcoins, investors are on the lookout, mainly because the socio-economic landscape in the US is under reconstruction. Many people believe President Trump’s upcoming decisions will play a role in reshaping the digital assets industry. Hence, the observed relative absence of liquidity in the market as traders and investors await the next move. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

The post Trump Plans to Appoint Pro-Crypto Brian Quintenz as CFTC Chair appeared first on Coinpedia Fintech News At a time when the crypto community is discussing the importance of establishing a crypto-friendly regulatory environment in the US for the growth of the cryptocurrency industry in the country, an official document, which suggests the possibility of the appointment of a pro-crypto executive by US President Donald Trump to lead the US Commodity Futures Trading Commission, has been published by a prominent media outlet. According to the document, the Trump administration is planning to appoint Brian Quintenz, the head of global policy at a16z crypto, as the new chairman of the CFTC. Trump’s Plan to Nominate Brian Quintenz The official document, sent by the White House to Capitol Hill, confirms that Donald Trump Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election President is preparing to appoint Quintenz as the new chairman of the Commodity Futures Trading Commission. It is not the first time that Quintenz has had a chance to play a key role in the commission. Notably, during the first Trump administration, he was the commissioner of the commodity futures regulatory agency. Undoubtedly, Quintenz is a pro-crypto executive. The company where he works right now, a16z crypto, is a venture capital fund that invests in crypto and web3 startups. Significance of Appointing a Pro-Crypto Leader as CFTC Chair The Commodity Futures Trading Commission regulates derivatives markets, including crypto futures and options. Crypto companies prefer the CFTC over the SEC, as the commission has a more open approach and sees cryptos as commodities, not securities. Appointing a pro-crypto leader as the chair of the CFTC is a big deal because it could bring clearer, fairer and more supportive regulations for the crypto industry. Also Read : SEC’s Peirce Says Most Memecoins Aren’t Securities: Was Gensler Wrong All Along? , Support to Quintenz from Key Leaders CFTC Acting Chair Caroline Pham expresses her happiness and excitement about the Trump administration’s plan to appoint Quintenz as the chair of the community futures regulator. She recalls crucial projects that she successfully completed with the support of Quintenz while he was working as the commissioner of the CFTC. Meanwhile, expressing his extreme happiness about the plan, Blockchain Association CEO Kristin Smith projects Quintenz’s real experience in the crypto industry as a key reason why he is highly suitable for the position. In conclusion, Brian Quintenz’s potential appointment as CFTC chair could shape the future of crypto regulation in the US. His pro-crypto stance may create a more favourable regulatory environment, benefiting crypto companies and investors alike. Never Miss a Beat in the Crypto World! Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more. Subscribe to News

U.S. Senator Bill Hagerty, known for his pro-crypto stance, plans to introduce a new bill in Congress to establish stablecoin regulations . Hagerty, who previously supported Bitcoin-friendly policies, is also preparing for re-election. In 2024, Hagerty introduced legislation to clarify stablecoin regulations, tackling concerns over consumer protection and financial stability. Now, with re-election ahead, he has refined and reintroduced the bill, calling it the GENIUS Act —the Bill for the U.S. Stablecoins. He co-sponsored it alongside Senators Tim Scott, Kirsten Gillibrand, and Cynthia Lummis. Related: Stablecoin Regulation Draft: House Leaders Chart US Digital Future “The tide has turned in favor of digital assets here in America. I’m pleased to lead my colleagues in the GENIUS Act, which will help make our nation a positive environment for stablecoins and digital assets.” The bill grants state regulators authority over stablecoin payments below $10 billion—an issue that stalled previous attempts at regulation. A major concern was states competing to attract stablecoin issuers by lowering requirements, which could trigger a regulatory race to the bottom. This legislation addresses the risk by setting reserve asset mandates. During a press conference, Senator Tim Scott, Chair of the Senate Banking Committee, stated his goal was to have the legislation ready for the President’s signature within 100 days. Related: Powell Cancels Any CBDC Plans, Instead Trusts FedNow for U.S. Payments Hagerty’s initiative aligns with President Donald Trump’s increasing focus on crypto policy. While Trump opposes a central bank digital currency (CBDC), he has signaled support for stablecoins as an alternative. With the 2025 elections approaching, Hagerty’s stablecoin bill could play a major role in shaping Bitcoin and stablecoin adoption. All eyes are now on whether the bill gains traction in Congress and reshapes the U.S. crypto market. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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Adin Ross and Richard “FaZe Banks” Bengtson have revealed their intention to create a cryptocurrency-driven Grand Theft Auto 6 (GTA 6) server. The duo, both highly influential in the gaming and streaming communities, announced their plans during a livestream, highlighting their goal of integrating a custom digital token into the game’s economy. Rockstar’s Policies Could Pose Challenges “When GTA 6 drops, me and Ricky are going to make the biggest server together,” Ross said on Monday. “I promise you, it’s going to be completely crypto. Everything pro-crypto about it. It’s going to change the game.” Banks elaborated on the project, stating that the server’s economy would be powered by “a newly-made coin,” while Ross added that they would invest significant funds into its development. Essentially, their vision centers on a blockchain-based in-game economy. However, Rockstar Games, the developer behind the Grand Theft Auto franchise, has historically opposed the use of cryptocurrency and NFTs in its games. In 2022, the company published an article that says it prohibits the integration of such assets in player-run servers for GTA Online and Red Dead Online. The policy led to the shutdown of several community-operated servers. Among those affected was The Trenches, a GTA Online server backed by rapper Lil Durk that featured NFTs. Take-Two Interactive, Rockstar’s parent company, also took legal action against multiple servers. Speculation and Rumors Despite the restrictions, speculation persists about whether Rockstar’s position might change with the new GTA 6. Some rumors going around in the community have suggested that the upcoming game could introduce crypto-based rewards or payment options. However, there has been no official communication from the team on the matter. Further, Take-Two Interactive has previously shown interest in blockchain technology through its acquisition of Zynga in 2022. The company, known for its mobile gaming portfolio, has been involved in several NFT-based gaming projects. At the time of the deal, Take-Two CEO Strauss Zelnick stated that the company had “Web3 opportunities” in mind that could be pursued in collaboration with Zynga. Notably, this hasn’t been officially linked to the Grand Theft Auto franchise. Additionally, the Rockstar owner was part of a $40 million funding round for Web3 gaming startup Horizon Blockchain back in 2022. With GTA 6 expected to launch later this year, its developer’s policies will play a crucial role in determining the feasibility of Ross and Banks’ crypto-driven server. The post Adin Ross and FaZe Banks Plan Crypto-Powered GTA 6 Server appeared first on CryptoPotato.