The OFFICIAL TRUMP ($TRUMP) token is on a strong rally, surging over 20% this week and climbing past $22 after its listing on Upbit, South Korea’s largest crypto exchange. The Solana-based meme coin was officially made available for trading on February 13 at 18:00 KST, with trading pairs against Korean won (KRW), Bitcoin (BTC), and Tether (USDT).

Following the listing, deposits and withdrawals opened two hours later, giving traders time to move funds before live trading began.

Upbit briefly restricted initial buy orders for five minutes, while non-limit orders remained disabled for the first hour to prevent excessive volatility.

Market Rebound After Sharp Correction; $TRUMP Supported
Launched ahead of Donald Trump’s presidential inauguration, the $TRUMP meme coin initially skyrocketed, reaching a $10 billion market cap and an all-time high of $39.63. However, early buyers took profits, triggering a steep correction that sent prices tumbling to $4.29 by January 18.

Despite the massive decline, $TRUMP has rebounded significantly, driven by renewed investor interest and key exchange listings. While the market cap remains well below its peak, the recent surge signals growing confidence in $TRUMP’s long-term viability.

What’s fueling the comeback?

Exchange Listings: More platforms are adding $TRUMP, improving liquidity and accessibility.
Market Optimism: The meme coin sector is heating up again, attracting speculative traders.

$TRUMP Price Analysis: Technical Outlook
The TRUMP/USDT pair is currently facing resistance near $24.50, where a downward trendline is limiting further upside. The recent rally met strong selling pressure at this level, suggesting traders are taking profits.

A three black crows pattern on the 4-hour chart signals that bullish momentum is weakening, increasing the risk of a short-term pullback.

Immediate Support: $19.30, with the 50-period EMA at $18.10 acting as dynamic support.
Key Resistance: A break above $21.50 could reignite bullish sentiment, pushing prices toward $24.50 and higher.
Risk of Downside: A failure to hold $17.30 could lead to a retest of $14.70, a crucial support zone.
A sustained move above $21.50 could extend the rally, while a break below $17.30 may expose $TRUMP to further downside. Traders should keep an eye on these levels to gauge the next move.

Solaxy ($SOLX): Solana’s Scaling Solution
While $TRUMP makes headlines with its bullish breakout, another Solana-based project is gaining significant traction: Solaxy ($SOLX)—the network’s first Layer 2 scaling solution aimed at tackling congestion and high transaction costs.

Solaxy ($SOLX) has now raised over $21 million in its presale, drawing interest from more than 68,000 followers on X.

As Solana’s user base grows, demand for more efficient, scalable infrastructure continues to rise. Solaxy promises faster transactions, enhanced interoperability with Ethereum, and seamless cross-chain communication.

Solaxy ($SOLX) has raised over $21 million in its presale, with 5.9 billion tokens staked and staking rewards of 195% annually. With the price now at $0.001636 and a price hike imminent, the window for entry is closing fast.

Get your daily, bite-sized digest of blockchain and crypto news today – investigating the stories flying under the radar of today’s news.

Crypto market is green today
The crypto market turned somewhat green today. Over the past 24 hours, the global?cryptocurrency market capitalization?has remained unchanged, currently standing at $3.36 trillion.

At the time of writing, the daily crypto trading volume is $114 billion.

The majority of the top 100 coins per market cap recorded price increases.

When it comes to the top 10 coins, only one fell over the past day.?BNB?is down 5.8% to the price of $666.

The rest of the list is up between?Bitcoin (BTC)’s?0.9% and?XRP’s?13.1%. BTC currently trades at $97,099, while XRP changes hands at $2.75

At the same time,?Ethereum (ETH)’s?price increased by 1.8%, currently trading at $2,703.

The rest of this list is up between 3% and 6%.

Peter Thiel-backed Plasma Raises $24M for Stablecoin-Focused Blockchain
Plasma, a blockchain purpose-built for stablecoin payments, secured $24 million in funding. The team raised $20 million in a Series A led by crypto-native venture capital firm?Framework Ventures.

According?to the press release, this Series A follows a $4 million investment from early backers including?Bitfinex, Paolo Ardoino, Peter Thiel, Cobie, and Zaheer Ebtikar. Other participants include?USD?0,?DRW,?Bybit,?Flow Traders,?6th Man Ventures,?IMC,?Nomura,?Karatage, and others.

The investment will be used for the development of the Plasma blockchain, including the launch of its testnet and mainnet, as well as for the expansion of its ecosystem to support payments, remittances, stablecoin DeFi, and personal financial solutions.

The project will introduce “a new approach to stablecoin payments by combining a scalable Bitcoin sidechain architecture with full EVM compatibility and zero-fee USDT transfers,” the announcement said.

Furthermore, Plasma will support additional stablecoin issuers and integrate with leading stablecoin applications and infrastructure players in the industry.

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Mining Hardware Giants Nearly Operating at a Loss
The Bitcoin mining sector is currently experiencing declining profitability, which is leading certain hardware models to nearly operating at a loss. Notably, this includes industry staples, according to the latest Miner Weekly report by BlocksBridge Consulting.

Bitcoin’s mining hashprice plunged after last week’s difficulty adjustment that set a new all-time high, as well as BTC’s drop below $96,000. However, a hashprice drop “raises concerns about the viability of older-generation mining equipment in an increasingly competitive market,” the report noted.

Notably,?Bitmain’s Antminer S19 Pro?series struggles to remain profitable in regions with above-average electricity or hosting costs. It is “quickly becoming a liability” for miners in regions with higher energy costs or aging infrastructure.

Furthermore, while Antminer S19XP is considered to be more efficient, it still suffers from this effect, seeing “a negligible gross profit.”

However, the report noted that the next difficulty, set for February 23, “could ease competition again, giving miners some much-needed breathing room.”

On-Chain AI Platform Theoriq Unveils Open Source Framework for Developers
Theoriq, a team working on AI-powered Decentralized Financial (AiFi) agents and swarms, announced the first public release of their AlphaSwarm Agent kit.

The press release shared with centralhash stated that the kit provides a foundation for building AI-powered DeFi agents (AiFi Agents). Per Ron Bodkin, Co-Founder and CEO of Theoriq, “by leveraging Theoriq’s agent swarm technology, we’re providing developers with everything they need to build and deploy AI-powered trading agents rapidly.”

It is a tool that allows for the collaborative creation of specialized AI agents and for developers to build agents that perform on-chain actions, particularly in DeFi, the team said. Developers can access a range of features that enhance users’ ability to build complex trading strategies and execute them in real-time.

This includes data API integrations, modular trading strategies, DEX integration, an alert and notification system, and extensible SDKs.

Furthermore, the agents are expected to evolve. They currently focus on collaborative trading analysis and execution, but the team expects to see “collaborative swarms of agents that will manage on-chain liquidity provisioning, peer-to-peer trading, and investment strategies across chains and applications.”

“AlphaSwarm lays the foundation for AiFi, a future where AI agents operate as autonomous financial actors within sophisticated swarms,” the announcement said.

AlphaSwarm is now available on GitHub for personal deployment and production-scale systems.

Policymakers view the trend of crypto payments as creating significant challenges for oversight and regulation, the central bank chief said.

Brazil has seen a remarkable surge in crypto usage over the past few years, central bank chief Gabriel Galipolo noted.

He explained that about 90% of the digital asset flow in the country stems from stablecoins. These coins are pegged to tangible assets like the US dollar. As a result, they exhibit far less volatility than cryptocurrencies such as Bitcoin.

Reuters on Friday reported his comments from a Bank for International Settlements event in Mexico City. He said the trend mainly reflects the growing use of cryptocurrencies for everyday payments, which complicates regulatory oversight and tax enforcement.

Digital Solutions Outpacing Traditional Banking in Brazil

Many Brazilians have turned to cryptocurrencies as a safeguard. They seek protection against economic instability, rampant inflation, and the depreciation of their national currency. Traditional banking comes with high fees and slow processes. These factors push consumers toward faster, more cost-effective digital alternatives.

Further, Galipolo observed that most transactions involve purchasing goods both domestically and from abroad, a practice that clouds transparency in areas like money laundering prevention and taxation.

In addition to discussing stablecoins, Galipolo touched on Brazil’s innovative Drex system. Unlike a traditional central bank digital currency, Drex serves as a digital payment infrastructure designed to enhance credit by leveraging collateralized assets.

The system employs distributed ledger technology to settle wholesale interbank transactions, while retail participants can access services through tokenized bank deposits. Moreover, Galipolo spoke about the potential of Brazil’s widely used instant payment platform Pix, noting that its programmability could facilitate integration with international instant payment networks and further boost cross-border transactions throughout the Americas.

Brazil Climbs the Global Ranks With Its Expanding Crypto Adoption

Brazil, one of Latin America’s largest economies, has struggled with currency depreciation and financial instability. As a result, many citizens have sought alternative stores of value. Bitcoin and stablecoins have become popular assets for preserving wealth and sending remittances. These digital currencies hedge against the volatility of the Brazilian real. They offer a more stable financial option during uncertain times.

Tech-savvy millennials and Gen Z investors have embraced cryptocurrencies as a path to financial independence. For many, crypto is more than just an investment. It is a gateway to wealth building in a rapidly changing global economy. This growing interest has placed Brazil 10th on the Chainalysis Global Crypto Adoption Index. This ranking reflects the country’s expanding digital asset market.

Recognizing this momentum, Brazil’s Central Bank and IRS have introduced a regulatory framework that actively seeks public input from industry players. Meanwhile, the Brazilian Congress is reviewing federal bills on asset segregation and stablecoins, setting the stage for more structured crypto-related policies.

In a bold move last November, Congressman Eros Biondini proposed a bill advocating for the creation of a national Bitcoin reserve. The initiative aims to allocate up to 5% of Brazil’s $372b in international reserves to Bitcoin.