Bitcoin Recovered from Dip, Circle Donates $1M USDC to Donald Trump’s Inaugural Committee and More: Jan 10

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Bitcoin is currently priced at $94,884.97, up +1.44% in the past 24 hours, while Ethereum trades at $3,300.91, down -0.47%. The Fear and Greed Index remains balanced, indicating a neutral market sentiment despite recent price fluctuations. Despite the recent dip, some traders anticipate a short-term bounce, citing potential support levels and market dynamics. A new DAO (Decentralized Autonomous Organization) named Aiccelerate has emerged with support from Coinbase, Google and ai16z to foster open-source AI within the crypto space. Donald Trump debuted his 5th NFT collection on Bitcoin Ordinals after launching four prior sets in 2022. Trump’s cryptocurrency holdings have surpassed $10 million in value. Meanwhile, Circle donated $1 million USDC to Trump’s inaugural committee reflecting growing corporate interest in pro-crypto policies. These events underscore the swift convergence of AI blockchain and digital assets.

 

What’s Trending in the Crypto Community? 

  • Trump’s cryptocurrency holdings have surpassed $10 million in value.

  • Circle donated 1 million USDC to Trump’s Presidential Inaugural Committee.

  • Team members from Coinbase, Google, and a16z launched a DAO named Aiccelerate, aimed at accelerating the integration of crypto and AI.

 

Source: Arkham Data on X

 

Read more: Donald Trump Backed WLFI Acquires $12 Million in Ethereum, Chainlink, and Aave

 

 Crypto Fear & Greed Index | Source: Alternative.me 

 

Trending Tokens of the Day 

Top 24-Hour Performers 

Trading Pair 

24H Change

XRP/USDT

-2.37%

KCS/USDT

+1.97%

SONIC/USDT

+0.93%

 

Trade now on KuCoin

 

Coinbase, Google, and ai16z members back New Aiccelerate DAO

Source: X

 

Aiccelerate positions itself as an investment and development DAO seeking to propel “agentic AI.” The organization will invest in new projects and back their development phases with guidance from high-profile advisors. Team members hail from Coinbase Google ai16z and other key players. In a Jan 9 announcement Aiccelerate stated

 

“We believe crypto AI is at an inflection point. Our mission is to accelerate the development of decentralized open-source AI and support high-potential projects across every ecosystem.”

 

An AI agent is software that can interact with its environment, gather data and perform tasks to achieve specific goals. Aiccelerate’s plan is to unite developers across multiple frameworks to create a range of agents and tools. The DAO will consolidate its efforts under one token known as AICC and use some profits to buy back the token.

 

The list of development advisors includes Shaw the founder of ElizaOS powering ai16z EtherMage a core contributor from Virtuals Protocol Nader Dabit the head of developer relations at EigenLayer and Jason Zhao co-founder of Story Protocol. The investment arm features Andrew Kang and Marc Weinstein from Mechanism Capital, Justin Lee from Coinbase Ventures and Anil Lulla from Delphi Digital.

 

By leveraging these networks Aiccelerate aims to address inefficiencies found in traditional venture capital structures. It plans to fund emerging projects and deploy agents that enhance decision-making in crypto and AI. The DAO’s first project will be a public utility research agent designed to help the organization and external users make more informed market decisions. By blending human expertise with agentic AI Aiccelerate hopes to become a hub for the next wave of builders and investors.

 

Read More: Blockchain-Powered AI Agent ai16z Reaches $1.5 Billion Market Cap

 

Donald Trump’s Bitcoin Ordinals NFTs

Donald Trump has launched 5 NFT collections since 2022. His latest move brings 119 “Trump Bitcoin Digital Trading Cards” to Bitcoin Ordinals. This collection is only claimable by backers of a previous project released in January 2024 known as the Mugshot Edition. At the time of writing 31% or 37 out of 119 Ordinals have already been minted. Magic Eden lists some of these Ordinals for 0.177 BTC or about $16,500 USD while others reach 20 BTC or about 1.8 million USD. The claim period runs until Jan 31, 2025.

 

Source: X

 

Trump’s first NFT set dropped in December 2022 and eventually amassed 14k owners with more than 24 million USD in sales volumes according to CryptoSlam. The Mugshot Edition minted on the Polygon network with 200 cards in January 2024 and attracted more than 6500 holders. In August 2024 Trump introduced the America First collection which offered gold sneakers, physical cards and VIP dinners for buyers. This edition did not achieve strong secondary sales on Magic Eden although photos show happy supporters attending dinners and meeting Trump.

 

Source: X

 

Circle Donates $1 Million USDC to Donald Trump’s Inaugural Committee

Jeremy Allaire expresses his optimism toward Trump’s second term, announcing a donation of USDC. Source: Jeremy Allaire on X

 

On January 9, 2025 Circle announced a $1 million USDC donation to Donald Trump’s inaugural committee. Circle’s CEO Jeremy Allaire said

 

“We are excited to be building a great American company and the fact that the Committee took payment in USDC is an indicator of how far we have come and the potential and power of digital dollars.”

 

This donation marks Circle’s first major political contribution in the United States. The event highlights Trump’s broad-based support from the crypto industry. Ripple Kraken Ondo Finance and Coinbase have also pledged resources for the new President. Market observers note that Trump’s pro-digital asset stance resonates with industry players. He has taken concrete steps that include naming David Sacks as the country’s first crypto and AI advisor. Trump also met with Kris Marszalek from Crypto.com and hosted Brad Garlinghouse and Stuart Alderoty of Ripple at a dinner.

 

Source: https://app.rwa.xyz/stablecoins

 

RWA xyz data reveals that stablecoins have a total market capitalization of $203 billion. USDC occupies $44 billion of that figure which is roughly 21%. This strong position highlights USDC’s widespread adoption among traders and institutions. Many observers see growing demand for tokenized dollars as the crypto market matures and cross-chain liquidity develops. 

 

Conclusion

In January 2025, Donald Trump’s inauguration has brought renewed focus to his economic policies, which prioritize tax cuts, deregulation, and fostering private sector growth. His administration is expected to support blockchain technology and cryptocurrency, with favorable regulatory frameworks aimed at stimulating innovation. Additionally, discussions around the introduction of a digital dollar and central bank digital currencies (CBDCs) signal a broader push to integrate digital assets into the financial system, shaping the future of both the U.S. and global economies.

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