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Trump Drives Bull Run

Bitcoin Climbs Close To $110,000 In Light Of Trump’s Inauguration

 

“Trump’s inauguration drives BTC & SOL prices, ETH will undergo leadership restructuring, Tether will build a new headquarters in El Salvador.

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TradFi & Global Market News

Global Market: S&P 500 & NASDAQ

As inauguration draws near, the tech stock rally presses on with the S&P 500 closing Friday shy of 6000 but almost 3% up from a fortnight ago. The Nasdaq Composite shows similar trends, closing Friday at 19320. While Nvidia has been the tech rocket’s primary fuel source, it was hindered by the Biden Administration’s Executive Order that limit chip exports by domestic chipmakers, sparking a sell-off in AI-affiliated stocks. Unsurprisingly, Tesla has been growing steadily in the same period, and investors remain confident in Musk’s friendly position with the incoming president to help strengthen Tesla’s market despite the President’s decreased focus on EVs.

In other news, Trump has also come out to save TikTok from its ban and is working on a solution to bring it back to Americans despite being one of the biggest original proponents of the ban, citing personal data leaks to the Chinese government. This situation highlights the see-saw dynamic between Trump and these technocrats, which will surely guide the US economy in his upcoming term.

Global Market: FTSE100

The great FTSE100 ran up its pace as the stock reached its all-time high of 8505.69 on Friday and looks to continue rising into this week. This comes as the UK pound weakens, making the foreign companies in the FTSE100 cheaper for overseas investors and raising stock demand. This comes in tandem with confirmation from economic data, which suggests a slowed but stable UK economy means that interest cuts should be feasible in 2025, making investments more attractive. UK investors will gain much more clarity as the BoE will likely give a more explicit stance on matters once the geopolitical decisions on US tariffs are made clear to the world on Tuesday.

Government Policy News: Trump

Besides all the talks on tariffs, two other changes that could reshape the US’s economic outlook are the President’s stance on DEI initiatives and renewable energy. Many companies have scaled back their DEI initiatives in light of Trump’s upcoming inauguration. These policies have often been parked together with his anti-immigration stance, but it is important to note that they affect distinctly different aspects of productivity. In theory, removing such initiatives calls into question what constitutes an American. While the incoming Head of the Department of Government Efficiency Musk blames such initiatives as sources of inefficiencies, there is a balance of other literature that suggests otherwise.

Trump’s war on the Inflation Reduction Act (IRA) is also rather complex as it does not appear as simple as blowing up all renewable energy projects. Trump’s guiding principle is shifting towards domestic energy sources and lowering prices. Offshore wind projects that he insists on ending support this movement as operational projects are already helping lower energy prices, so shutting down projects already in the works would be a misplaced effort. Interestingly, Trump’s policies for decreasing permit red tape for oil and gas projects will benefit the offshore wind sector as they operate with similar regulatory permitting frameworks. Additionally, Texas, a historically red state, is a significant beneficiary of the renewable energy benefits introduced by the IRA and reversing them will greatly anger these voters.

 

DeFi & Digital Assets News

Cryptocurrency Market: Bitcoin & Altcoins

Bitcoin has soared again as inauguration draws near, with Bitcoin climbing past 100000 again, nearing almost 110000 over the weekend. A big reason for the push is recurrent speculation on Trump’s Bitcoin reserve plan as most investors become more confident that Trump will carry out this promise. An adjacent bullish driver is news on PlutoChain. This L2 project could add some of Ethereum’s winning qualities, like smart contracts, onto Bitcoin by enabling Ethereum Virtual Machine compatibility and increasing its use case versatility by reducing block times to as low as 2 seconds.

However, the biggest winners this fortnight have been XRP and Solana. The former is continuing its steamrolling run as it rises past $3. Both trading volume and market cap have shown even more potential to grow following the announcement of approval from the New York Department of Financial Services for an XRP-based stablecoin, RLUSD, despite its ongoing legal spat with the SEC.

The latter has received an enormous boost directly from President Trump with the sudden launch of the $TRUMP memecoin built on Solana, which has surged to an $8billion market cap and 10x its price to $70 within a day. As a result, Solana’s price has risen to a high of $293. Many investors are worried about the political liabilities this move could entail, as a Trump Organisation affiliate holds 80% of the supply. However, these concerns should be partially alleviated by the three-year unlocking schedule, which prevents a mass dump of the token.

Leadership News: Ethereum

While ETH ETF outflows have lowered Ethereum’s price line to around 3200, 2025 overall has still been a better year for Ethereum compared to the end of 2024. Daily trading volume has been high, and its market cap of $369.03billion still holds out as a top cryptocurrency. ETH investors are always attuned to any chain upgrades, and past upgrades have focused heavily on lowering transaction costs for builders. In March 2025, ETH promised its Pectra upgrade, which is focused on operational aspects of the chain like security and wallet experience, which are encouraging to raise ETH demand again.

A big piece of news that adds extra layers of uncertainty among analysts is that Ethereum co-founder Vitalik Buterin has announced leadership changes within the Ethereum Foundation. Overall, the aims of the changes are clearly defined and seem positive, as Vitalik publicly states that he hopes this exercise will raise the technical expertise profile of the leadership team and facilitate increased communication between the Foundation and ecosystem members. Heavily bullish analysts have predicted that ETH could go as high as 10000 this calendar year.

Web3.0 News: UAE

MENA is a region that has declared its interest in becoming another global hub for Web3.0 innovations and cryptocurrencies. The UAE-based Web3.0 early-stage investor Sigma Capital has announced a $100million Fund I that will allocate funds into 100 early-stage projects, 25 liquid tokens and 10 fund-of-funds that focus on various use cases like real-world asset tokenisation, DeFi and even gaming, to name a few. This fund will connect and unlock market insights from across 10 cities to give these investments sufficient information to grow and compete effectively.

Dubai has been making impressive strides to develop its Web.3 ecosystem quickly by running the lavish Dubai AI & Web3.0 festival and connecting its members across the Dubai AI Campus, which includes Web3.0 innovators. Impressively, they have also fleshed out a “digital dirham” strategy, including a test project to wire 50 million digital dirhams, the equivalent of $13million, to China via their mBridge CBDC payments platform in February 2024. At FinTech Abu Dhabi, CFO of the Central Bank of UAE, Paul Kayrouz, announced that the digital dirham had completed all pilot testing stages for regulation and tech-readiness and will launch sometime this year.

 

In Other News…

Short Updates:

Kestra Medical – Kestra Medical and Heartflow are two companies set to end the dry spell of IPOs in the MedTech sector as early as H1 2025. This follows a year of poor performance from MedTech companies in a high interest rate environment in 2024. Both companies manufacture non-invasive cardiac testing solutions and are backed by Bain, a whale in the healthcare private equity space.

Tether – El Salvador has declared to become a crypto-integrated nation, and Tether may have just added legitimacy to that claim. Tether has announced that it will migrate its HQ operations into the nation’s capital, San Salvador, with a $50 million skyscraper project. The company has done so to accommodate its projected growth organically and is increasingly affiliated with companies like Bitfinex.

Opportunity Spotlight

A digital asset market-making firm is seeking a Head of Engineering for its London-based headquarters. The ideal candidate will have 10+ years of experience in engineering leadership, including experience in the financial services industry. Additionally, the candidate should have a deep understanding of digital asset markets and market making strategies, as well as strong programming skills in Rust and other languages used in the development of financial trading systems.
 
We are seeking a Lead Quant Developer to join a team of cutting-edge engineers in building and maintaining high-performance trading platforms for options trading using C++. In this role, you will lead a team of developers in designing, developing, and delivering high-quality software solutions that meet the needs of traders and researchers. You will also work closely with other teams across the firm to ensure that trading platforms are integrated with other systems and processes. The fund in question manages over $30 billion in AUM and has recently hired a global head of options trading. This is a major strategic initiative for the fund.

About Moonraker Search

We are a specialised digital asset trading & technology talent acquisition advisory firm.

We provide astute strategic guidance in human capital, delivering rare talent required by innovative organisations looking to shift paradigms. We partner with incredibly selective and dynamic clients, often pushing the boundaries of what’s technically possible. Having built teams from the ground up with recognised brands in traditional and digital asset markets, we are well-positioned to deliver the full spectrum of talent needed for high performance across Technology, Research, Data and Trading. We offer a range of services for our clients, including: 

Talent Acquisition

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Market Advisory

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Moonraker Search does not cover other industries or domains and takes special care to ensure we are embedded into our market as a specialist advisor. We cover algorithmic trading & technology at the mid to senior level, from Software Engineers to Global Heads of Trading or CTOs. We do not cover graduate or junior hiring.

Please reach out if you’d like to discuss how we can partner with you confidentially.

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