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Cryptocurrency News Articles
AI Agent Tokens, Grayscale's Altcoin List, Trump's Crypto Ball, and XRP's ATH: This Week's Biggest Crypto Stories
Jan 18, 2025 at 09:50 am
Several big stories and developments have occurred in the crypto space this week, including Binance listing three AI agent tokens, Grayscale revealing 39 assets
Binance, Grayscale, and Donald Trump made headlines in the crypto space this week. Here's a quick rundown of the stories:
Binance Lists Three AI Agent Tokens, All Surging Over 40%
Binance, the world’s leading crypto exchange, listed three AI agent tokens on January 10 and enabled zero-fee trading on the tokens.
The three tokens are aixbt by Virtuals (AIXBT), ChainGPT (CGPT), and Cookie DAO (COOKIE).
Immediately after the listing took place, all three assets spiked over 40%.
Many influential voices within the crypto industry are becoming increasingly bullish on AI agents.
Yesterday, for example, OKX Ventues identified them as a key investment area for 2025, and Nvidia’s CEO claimed it will become a multi-trillion-dollar industry.
The performance of these three tokens showcases the growing hype of AI agents throughout the crypto community.
Grayscale Discloses 39 Altcoins For Potential Investment Inclusion
Grayscale, the world’s largest digital currency asset manager, has revealed an extensive list of potential new crypto investment options, including meme coins and AI tokens.
In total, the firm is considering adding 39 altcoins to its lineup of investible digital assets.
The tokens fall into five categories: currencies, Smart Contract Platforms, Financials, Consumer and culture, and Utilities and services.
“The list is subject to change intra-quarter as some multi-asset funds reconstitute and we launch new single-asset products,” Grayscale claimed.
Grayscale has previously added a blitz of new crypto offerings in this manner.
For example, it posted 35 tokens last October, but not all of them made it to an official listing.
Several of these assets, such as KAS, APT, ARB, and TIA, were on both lists.
Other discrepancies between these two rosters reveal Grayscale’s changing priorities.
In the past few months, Grayscale has evidently placed a higher priority on AI agents, but a few sectors, such as meme coins, RWAs, and DePINs, are also growing in prominence.
Trump’s Inaugural Ball to Feature Heavy Crypto, AI Focus
David Sacks, Trump’s newly appointed AI and Crypto Czar, will be hosting the first-ever Crypto Ball.
This black-tie event sold out its lower-tier $2,500 tickets, highlighting the strong enthusiasm for the event.
Several prominent firms have backed it, including Coinbase, Sui, Mysten Labs, Metamask, Galaxy, Ondo, Solana, and MicroStrategy.
“This exclusive event features $100,000 VIP tickets and $1 million private dinner packages with Trump. Major sponsors like Coinbase, MicroStrategy, and Galaxy Digital are backing the event, signaling a shift toward a pro-crypto US administration,” Mario Nawfal wrote on X (formerly Twitter).
Since his election victory in November, Trump has promised a sweeping array of pro-crypto reforms in the US.
Currently, the President-Elect is not expected to personally attend, but other pro-industry officials will make an appearance.
Trump is also expected to sign a pro-crypto executive order on his first day in office.
XRP Surges to Six-Year High, Cascasding Impacts on Crypto Market
XRP, the native token of Ripple, soared to a high not seen since 2018 at $3.39.
This all-time high comes as several XRP-based meme coins, such as ARMY, PHNIX, and LIHUA, posted impressive gains due to XRP’s dedicated base of supporters.
Throughout the past week, XRP outperformed other cryptoassets, contributing to this sense of optimism.
Earlier today, its trading volume topped $20 billion, fueled by speculation that Trump may support a US reserve of several assets, not just Bitcoin.
JPMorgan Predicts XRP, SOL ETF Market at $14 Billion
Analysts from major investment bank JPMorgan claimed that the ETF market for XRP and SOL could reach $14 billion.
These analysts predicted that an XRP ETF would be the more profitable of the two but concluded that both are likely to win SEC approval in 2025.
“The key question here remains the uncertainty of investor demand for additional products and whether new crypto ETP launches will matter,” JPMorgan analysts including Kenneth Worthington claimed.
Earlier this year, Ripple CEO Brad Garlinghouse claimed that an XRP ETF is inevitable, and this prediction is looking increasingly likely.
SEC Chair Gary Gensler is about to resign from his position alongside the CFTC chair, and both positions will be replaced by industry advocates.
Financial regulation in the US is about to get a lot more pro-crypto.
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- Egrag Crypto has made a bold prediction that has caught the attention of the digital currency world. In a recent X post, he stated that XRP will flip ETH twice and change the face of the crypto market.