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The U.S. SEC announced that Chair Gary Gensler will depart the agency on January 20, 2025. https://www.sec.gov/newsroom/press-releases/2024-182
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President Donald Trump has signed a proclamation to raise tariffs on steel and aluminum imports from 25% to 50%, with the new rate taking effect on June 4, 2025. Tariffs on imports from the United Kingdom will remain at 25% until at least July 9, 2025, pending the status of the U.S.-UK Economic Prosperity Deal.
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NYSE Arca has submitted a proposed rule change to the U.S. SEC under Rule 8.201-E to list and trade the Truth Social Bitcoin ETF. Managed by Yorkville America Digital, LLC, the fund primarily holds bitcoin custodied by Foris DAX Trust Company and seeks to track the spot price performance of bitcoin.
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According to Blockworks, Pumpfun is planning a $1 billion token sale at a fully diluted valuation (FDV) of $4 billion, targeting both public and private investors. The token is expected to launch within the next two weeks, though it remains unclear whether it will be issued via the Pumpfun platform. Notably, co-founder Alon had previously denied rumors that Pumpfun would launch a token.
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Donald Trump Jr. stated that the Trump Organization has no involvement with the TRUMP Wallet currently on the market, and that neither he nor Eric Trump is aware of the product. He also revealed that they are working on an official wallet through World Liberty Financial, which will be launching soon.
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The official TRUMP Wallet, developed in collaboration between Magic Eden and GetTrumpMemes, has opened its waitlist. Users can register on the official website and invite others to join. The wallet is still under development and is expected to support self-custody and digital asset management in the future.
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