Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.

Crypto shares jumped in overnight trading as bitcoin surged to $101,350. Bit Digital rose 4.7%; Canaan rose 3.7%; CleanSpark, MicroStrategy, $Riot Platforms(RIOT), MARA Holdings rose more than 2%.

Trump Plans to Designate Cryptocurrency as a National Priority

President-elect Donald Trump is planning to release an executive order elevating crypto as a policy priority and giving industry insiders a voice within his administration, according to people familiar with the plans.

The order is expected to name crypto as a national imperative or priority — strategic wording intended to guide government agencies to work with the industry, according to people familiar with the matter. It is also slated to create a crypto advisory council to advocate for the industry’s policy priorities, said the people who requested anonymity to discuss an executive order that is not yet public.

‘XRP Army’ Sends Crypto’s Third-Biggest Token to a Record High

After being at the center of a conflict with the US Securities and Exchange Commission for years, XRP now has the largest gains of any major cryptocurrency so far this year.

The token linked to Ripple Labs Inc. reached a record high of $3.40 on Thursday and is up over 60% so far this year as expectations of a more crypto-friendly Trump administration and SEC help raise the outlook for the third-biggest cryptocurrency by market value. That has “XRP Army” trending on X, as the token’s long-time community of supporters celebrate the increase.

Litecoin ETF Draws Near as Nasdaq Files Form Key to SEC Approval

Nasdaq and Canary Capital Group submitted new filings to the US Securities and Exchange Commission this week that are key to gaining the regulator’s approval for a spot Litecoin ETF.

A so-called form 19b-4, required to be filed by the exchange that would list the fund, was submitted on Wednesday, shortly after an updated registration application known as an S-1 was filed by Canary, a new digital asset-focused investment firm. The SEC must sign off on both before an ETF can start trading.

“This 19b-4 filing from Nasdaq gets things rolling downhill with the SEC, but the SEC still has to acknowledge the filing, which typically happens within a couple weeks,” said Bloomberg Intelligence’s James Seyffart. “If or when the SEC acknowledges this filing we will have more definitive idea of time lines for a potential denial or approval.”

Glassnode Warns Bitcoin Approaches Critical Market Turning Point

Glassnode has issued a warning regarding a significant shift in Bitcoin's market dynamics. 

The analysis firm indicates that Bitcoin (BTC) is nearing a pivotal moment that may signal the end of its recent upward trend. 

Key indicators to monitor include the behaviors of short-term and long-term investors, particularly the cost basis of short-term holders. 

Bitcoin Spot ETF Flow

On Jan 16 (Eastern Time), the total net inflow for Bitcoin spot ETFs was $626.15 million, according to SoSoValue data.

The Bitcoin spot ETF with the highest net inflow on Jan 16 was iShares Bitcoin Trust, with a net inflow of $527.87 million. Following that was Ark 21Shares Bitcoin ETF, with a net inflow of $155.44 million.