**Weekly Recap: Jupiter DEX Changes, Musk’s Blockchain Plans, MicroStrategy’s Bitcoin Buys** This week's recap highlights key developments, including significant updates from Jupiter at 'Catstanbul 2025, ' Elon Musk's blockchain initiatives for government efficiency, and MicroStrategy's ongoing Bitcoin investments. Additionally, Ledger's co-founder was rescued from a kidnapping in France. **Bitcoin Hits New Record Highs** On January 20, Bitcoin reached an unprecedented price of $109, 114, settling at around $105, 000 as of this report. Notably, President Trump did not address cryptocurrency during his inauguration, resulting in a decline for meme coins. **Jupiter's Major Updates at 'Catstanbul 2025'** Jupiter, a Solana DEX aggregator, announced platform enhancements during its 'Catstanbul 2025' event in Turkey, post a $600 million community airdrop. The new 'V2' redesign returns the platform to beta status to implement additional features. **NFTs and Meme Coins Defined as 'Collectibles'** David Sacks, the new White House crypto advisor, described NFTs and meme coins as "collectibles" rather than financial securities in a Fox Business interview, likening them to baseball cards and stamps. The TRUMP meme coin continued its downward trend over the weekend. **Musk's Blockchain Discussion for Government Efficiency** Elon Musk, at the helm of Trump's Department of Government Efficiency (DOGE), is considering blockchain technology to enhance tracking of government spending.

Following the removal of the Doge meme logo from the DOGE website, Dogecoin's price fluctuated before stabilizing. **Profit Disparity in Trump Meme Coin** Chainalysis reported that about 60 whale wallets gained over $10 million in profits from the TRUMP token, while most retail investors broke even. A significant concentration of TRUMP tokens is held by a select few whales, who control 94% of the total holdings, resulting in 50% of new users joining the Solana network. **Senators Call for Investigation Into Trump Meme Coins** Senator Elizabeth Warren and Representative Jake Auchincloss have requested a federal investigation into the Trump and Melania meme coins launched on Solana, citing concerns regarding potential conflicts of interest and consumer protection. **Buterin Critiques 'Politician Coins'** Ethereum creator Vitalik Buterin criticized cryptocurrencies linked to politicians as vehicles for bribery, emphasizing the danger of increased value from speculation masked as investment. **Ivanka Trump Warns of Fraud** Ivanka Trump publicly distanced herself from an unauthorized cryptocurrency using her name, urging consumers to be aware of potential fraud. **MicroStrategy's Bitcoin Management Strategy** MicroStrategy is implementing strategies to manage $1. 05 billion in corporate debt tied to its Bitcoin purchases, having accumulated 461, 000 Bitcoin valued around $49 billion. Recently, the company acquired an additional $1 billion in Bitcoin. **Animecoin Launch Success** The ANIME token supporting the Azuki NFT project gained a market cap of over $350 million shortly after launch, with 10 billion tokens total and significant allocations for the Azuki community and DAO management. **Ledger Co-Founder Rescued** David Balland, co-founder of Ledger, was rescued from a kidnapping in France, with police operations leading to a successful recovery. **Gratitude from Ross Ulbricht** Silk Road founder Ross Ulbricht thanked Trump for his presidential pardon, expressing relief after serving two life sentences plus 40 years. **Bitcoin Whale Activity Resumes** Bitcoin whales have resumed accumulation, increasing their holdings from -0. 25% to +2% within a few days—marking the highest monthly growth rate since mid-December, indicating renewed confidence among institutional investors. **Phemex Breach Attributed to North Korean Hackers** Phemex suffered a $70 million hack, believed to be executed by North Korean state-sponsored hackers. The exchange suspended withdrawals as losses escalated during the attack. **WazirX Receives Court Approval for Restructuring** The Singapore High Court approved WazirX's restructuring plan following a $230 million hack, allowing them to hopefully distribute funds to creditors soon. **CZ Returns to Investment Role** Former Binance CEO Changpeng “CZ” Zhao plans to take an active role at YZi Labs, rebranded from Binance Labs, following his release from prison for money laundering. The new venture aims to diversify into AI and biotech investments. **SEC Launches Crypto Task Force** The SEC announced the creation of a new crypto task force under Acting Chair Mark Uyeda, with Commissioner Hester Peirce set to lead it, focusing on developing a comprehensive regulatory framework.