📈 The stablecoin market capitalization reached a record $200 billion, gaining $40 billion after Donald Trump's election victory.

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🇺🇸 White House says 25% tariffs on Canada, Mexico, and 10% on China will go into effect tomorrow.

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🇮🇳 Reuters reports that India is revisiting its stance on cryptocurrencies, driven by changing attitudes toward virtual assets in other countries.

Back in 2022, Indian authorities planned to impose a 30% tax on profits from digital assets. In 2024, the local regulator blocked the websites of major crypto exchanges, including Binance, Kucoin, Huobi, Kraken, Gate, Bittrex, Bitstamp, MEXC, and Bitfinex.

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🩸 Monday kicked off with a major downturn: amid rumors of a new trade war allegedly initiated by Trump and expectations of a “bloody” day on the U.S. stock market, the total cryptocurrency market capitalization plummeted by 10% overnight, with some altcoins losing up to 30%.

Over the past 24 hours, a colossal number of liquidations—714 660 trader positions totaling $2.18 billion—has been recorded. The overall liquidation volume is comparable to what was seen during the FTX collapse and at the onset of the COVID pandemic.

Analysts believe the market will recover soon, attributing the sharp decline to the Asian market’s inability to quickly react to negative news during the holiday lull. Once liquidity and sentiment return to normal, a swift rebound is expected.

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🇺🇸 Donald Trump and "Crypto Tsar" David Sacks will hold a press conference tomorrow to discuss how the administration and Congress can ensure U.S. leadership in the digital asset ecosystem.

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🇲🇽 Mexican President says tariffs from the United States are delayed for a month after a discussion with President Trump.

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