⏱️TikTok 75-Days Grace

☀️Good morning. It's Tuesday, Jan. 21, and we're covering, Dollar Rebounds As Trump Considers More Tariffs On Canada And Mexico, Trump Signs Executive Order Delaying TikTok Ban By 75 Days, Trump Signs Executive Order To Formalize Musk's DOGE Commission, and much more. First time reading? Sign up to get this newsletter: Sign up here.

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MARKETS

Cryptocurrency Prices by Market Cap

• The global cryptocurrency market cap today is $3.51 Trillion, a 5.72% decrease in the last 24 hours.

• The total crypto market volume over the last 24 hours is $275.57B, which makes a 30.35% decrease.

• The total volume in Defi is currently $7.18B, 9.68% of the total crypto market 24-hours.

• The volume of all stablecoins is now $254.99B, which is 92.53% of the total market 24-hour volume.

• Bitcoin’s dominance is currently 57.57%, an increase of 0.21% over the day.

Crypto Market Tumbles On Trump’s Inauguration Day

Crypto markets experienced significant volatility on President Donald Trump’s inauguration day, with notable losses in Solana (SOL) and the recently launched Trump-related memecoins. Solana dropped nearly 10%, leading altcoin losses, while the TRUMP memecoin fell 30%, and MELANIA, the First Lady's coin, tumbled by as much as 46%. The market downturn triggered over $700 million in liquidations across leveraged crypto positions, bringing total liquidations in the last 24 hours to over $1.2 billion. (Read Deeper)

BUSINESS & FINANCE

Dollar Rebounds As Trump Considers More Tariffs On Canada And Mexico

The U.S. dollar rebounded after a significant drop, following President Trump's comments about potentially imposing 25% tariffs on Canada and Mexico in February. This news caused concerns about further tariffs on China, which could support the dollar. The possibility of high tariffs, combined with strong economic growth, has led traders to believe the Federal Reserve may avoid aggressive rate cuts, which could help the dollar remain resilient.

Takeaway: Traders are closely monitoring the potential timeline and scope of Trump’s protectionist trade measures. Despite a possible rate cut by the Federal Reserve, which has seen a 69% chance of multiple rate cuts this year, U.S. Treasury yields fell as traders reacted to Trump’s delay in imposing tariffs on China during his first day in office. The offshore yuan weakened by 0.4%, dragging down risk-sensitive currencies like the Australian and New Zealand dollars. (Read Deeper)

Metropolis Acquires Oosto For $125 Million To Enhance AI-Powered Parking Solutions

Metropolis, an AI-powered parking platform, has acquired Oosto (formerly AnyVision), a controversial computer vision company, for $125 million in an all-stock deal. This acquisition is significantly lower than the $380 million Oosto raised over the years. Metropolis, which processes $5 billion in payments annually, plans to integrate Oosto's AI and security technology into its parking systems.

Takeaway: Oosto, which had struggled with bad publicity and financial difficulties, previously raised substantial funds from investors including SoftBank and Qualcomm. The acquisition also follows Metropolis's recent $1.7 billion financing round, which included a major purchase of SP Plus. Experts believe the acquisition makes sense as both companies specialize in AI-driven solutions for urban management and public safety. (Read Deeper)

TECHNOLOGY & SCIENCE

Trump Signs Executive Order Delaying TikTok Ban By 75 Days

Former President Trump signed an executive order delaying the enforcement of a law banning TikTok for 75 days to allow time for a resolution addressing national security concerns. The law requires ByteDance, TikTok's China-based parent company, to divest from the app or face a U.S. ban. The Supreme Court recently upheld the law, leading to a brief TikTok shutdown over the weekend.

Why It Matters: Trump's order prevents enforcement of the law during the extension, including actions by states or private parties, to avoid an abrupt shutdown. He emphasized the U.S. should benefit financially from any deal and downplayed TikTok as a security threat compared to other Chinese-made technologies. TikTok resumed operations Sunday after assurances from the administration, stating it will work on a long-term solution. (Read Deeper)

Scientists Urge UN To Include Space Protection In Sustainable Development Goals

An international group of researchers is urging the United Nations to add space protection to its Sustainable Development Goals (SDGs) due to the growing issue of space debris. The surge in satellites, especially from mega constellations, has significantly increased the risk of collisions and debris in Earth's orbit. The European Space Agency reports approximately 40,500 larger pieces of space junk, with millions more fragments in orbit.

Takeaway: The researchers draw comparisons between space junk and ocean pollution, advocating for lessons learned from managing marine debris to prevent a similar crisis in space. They also warn about the environmental impact of satellite reentries on Earth's atmosphere and climate change, calling for urgent global action to ensure space remains safe and sustainable. (Read Deeper)

AROUND DE WORLD & POLITICS

Trump Signs Executive Order To Formalize Musk's DOGE Commission

President Trump signed an executive order on Monday to formalize Elon Musk's Department of Government Efficiency (DOGE) commission. The order renames the U.S. Digital Service (USDS) to the U.S. DOGE Service (USDS), with plans to restructure federal agencies, reduce waste, and downsize the government workforce. The order sets up "DOGE Teams" within agencies to implement these changes and includes a “software modernization” plan for government IT systems.

Takeaway: A temporary organization will oversee the initiative until July 2026. the order faces legal challenges, including lawsuits alleging violations of transparency laws. Musk's goal for DOGE is to cut the federal budget by up to $2 trillion, though experts are skeptical of its feasibility. (Read Deeper)

Trump Pardons 1,500 Jan. 6 Defendants On First Day Of Second Term

President Trump granted clemency to approximately 1,500 individuals convicted for their roles in the January 6, 2021 Capitol riot, issuing pardons and commutations on his first day back in the White House. The action follows through on his promise to absolve those involved in the attack, including members of the Oath Keepers and Proud Boys. Trump’s clemency includes serious crimes like assaulting police officers and seditious conspiracy, and he also ordered the dismissal of pending charges.

Takeaway: Trump’s actions were met with criticism from those who suffered the effects of the January 6 attack, including law enforcement officers and those involved in the subsequent investigations. Trump defended his actions, claiming the prosecutions were unjust. The decision is expected to stir significant political and public debate. (Read Deeper)

ENTERTAINMENT & SPORTS

Chelsea Defeats Wolves 3-1 To End Winless Run And Climb Into Top Four

Chelsea secured a 3-1 victory over Wolverhampton Wanderers, ending their five-game winless streak and moving into the Premier League’s top four. Wolves initially took the lead with a goal from Tosin Adarabioyo, but Chelsea responded in the second half with two quick goals from Marc Cucurella and Noni Madueke. Despite a mistake by Chelsea goalkeeper Robert Sanchez that led to Matt Doherty’s equalizer, Chelsea’s performance improved after the break. The win lifts Chelsea to fourth place, while Wolves remain 17th, just above the relegation zone. (Read Deeper)

Barron Trump’s Bespoke Fashion Journey

Barron Trump, 18, has developed a preference for custom-made suits and partnered with Baton Rouge-based tailoring firm Pearce Bespoke. Introduced through entrepreneur Justin Waller, Barron works directly with Pearce CEO Nathan Pearce to design his wardrobe, showcasing a taste for high-quality, personalized fashion. Described as intelligent, hospitable, and witty, Barron collaborates on fabric, button, and lining selections while maintaining a low-key demeanor. (Read Deeper)

PODCAST(WHAT WE ARE LISTENING TO)

• Improving an investing operating system with Vitaliy Katsenelson, a well-known investor and author, would likely involve incorporating his insights and methodologies into various aspects of investment analysis and decision-making. ( Listen )

EXTRA BREVITI

• OpenAI is reportedly close to launching a groundbreaking AI tool called "Operator," which could autonomously perform tasks on your computer. (Read Deeper)

• Arthur Hayes, the CIO of Maelstrom, expressed skepticism about Donald Trump's administration creating a U.S. strategic Bitcoin reserve. (Read More)

• Elon Musk Sparks Outrage With Controversial Gesture at Trump Inauguration Event. (Read More)

• Flipboard's latest app, Surf, is adding a new twist to the decentralized social web by launching its own video feed. (Read More)