According to a Bloomberg report, made on January 7, US President, Donald Trump is expected to sign an executive order. This could make crypto as a national priority. Some people associated with the plans said that the order means that the regulatory agencies would be guided to work with the industry. It could also create a crypto council to advocate the industry’s policy wishes.
The order is reported to be signed on January 20, 2025. This date signifies Trump’s first day back as president. However, it’s not final and has high chances of getting changed before announcing it publicly.
Donald Trump | File/AFP
XRP’s open interest (OI) has reached a new all-time high of $7.9 billion. Topping onto this, the OI has increased by 27.34% over the past 24 hours. As reported by CoinGlass , the futures volume has doubled . This currently stands at $42.87 billion.
The altcoin showcased a three-month consecutive green candle for the second time in its history. The last streak took place between March and May 2017. Since January 1, XRP’s open interest has increased by 300%. The interest saw a high rise, increasing from $1.92 billion at the beginning of 2025.
XRP’s open interest has reached all time high | Freepik
On January 14, DappRadar lauched its 2024 Dapp Industry Report. The report highlighted that 2024 was the worst year for NFT trading volume and sales since 2020. The reasons behind this downfall can be attributed to the market volatility and rising token prices.
The report also added that over the last year, NFT trading volumes fell by 19% from 2023 to $13.7 billion. In addition to this, the number of sales also declined by18% to under just 50 million. The reason behind this is due to NFTs being more expensive in 2024, compared to other tokens.
