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Finally! The U.S. Securities and Exchange Commission’s new leadership has introduced a task force dedicated to developing a regulatory framework for crypto assets. Spearheaded by “Crypto Mom” Hester Peirce, this initiative promises to be a game-changer for the digital asset space.

Shaking off the initial disappointment from Trump’s inauguration, Bitcoin has rebounded by 3.8%, stabilizing around the $105k range. However, its upside remains capped as the market stays cautious, wary of Trump’s tendency to overpromise and underdeliver ahead of any crypto-related executive orders. Will these long-awaited actions finally align with expectations?

Meanwhile, BTC futures continue to trend upward, especially on the front end, as market’s net-long exposure from last week remains solid. Bullish bets currently outpace bearish ones by a ratio of approximately 20:1.

What else?

MicroStrategy and its shareholders just can’t get enough Bitcoin! The shareholders have approved a major increase in the number of authorized Class A common and preferred shares, raising the total authorized shares from 330 million to a staggering 10.3 billion. This expansion significantly boosts the company’s equity base, enabling MicroStrategy to surpass share volumes of nearly all Nasdaq 100 Index leaders, excluding Nvidia, Apple, Alphabet, and Amazon.

With plans to raise $42 billion in capital through equity and convertible note offerings by 2027, MicroStrategy still has $5.42 billion in equity offerings remaining, doubling down on its commitment to Bitcoin.