Crypto markets wobble after Trump’s inauguration speech ignores bitcoin 📉. BTC slips 5.7% from its ATH, meme coins tumble, and $826M in derivatives get liquidated 💥.
- Bitcoin drops to $102 to $103K as crypto markets cool post-Trump inauguration. - Trading volume surges 21%, but meme coin MELANIA plummets 52%. - $553M in crypto long positions liquidated, with BTC and ETH leading losses.
The Ethereum Foundation sets up a new @safe multisig wallet to enhance treasury operations and explore DeFi 🌐🔒. A 50,000 ETH transfer is in progress.
- A new 3-of-5 multisig wallet was established - 50,000 ETH transfer initiated, expected to take a few days - Wallet will support DeFi activities, starting with a test transaction on Aave
🇺🇸 One in seven Americans (14%) have acquired Donald Trump's memecoin, $TRUMP, since its launch on Jan. 18. Despite waning appeal before Trump's inauguration, $TRUMP has garnered more interest than Melania Trump's memecoin, $MELANIA.
A survey of 1,092 Americans found that three times as many U.S. citizens bought $TRUMP compared to $MELANIA. The survey suggests Americans may prefer tokens with more media attention.
42% of those who bought either $TRUMP or $MELANIA are first-time crypto buyers, indicating these coins might be an entry point for newcomers to cryptocurrency.
On inauguration day, 86% of $MELANIA buyers were profitable, compared to 81% for $TRUMP buyers. However, the launch of these memecoins has sparked controversy, with critics accusing Trump of using his position to benefit his family and labeling memecoins as scams.
More than half (55%) of respondents believe Trump and his wife are manipulating the crypto market, and nearly 75% think the launch of $TRUMP harms the crypto market.
🎉@CarolineDPham steps in as acting chair of the CFTC following Trump’s inauguration. Big changes ahead for digital asset regulation 📈.
- Pham succeeds Rostin Behnam after his resignation. - CFTC may take the lead on U.S. crypto oversight. - Trump signals a pro-crypto regulatory direction.
🎮 Regina’s Web3 Gaming Odyssey: Episode 19 🎮 Season 3 of The Machines Arena is here! Dive into this fast-paced hero shooter with new heroes, enhanced maps, tournaments, & community airdrops. Built for both Web3 & traditional gamers, it offers seamless blockchain integration & rewards like $TMA tokens.
Digital asset funds hit a record $2.2B in weekly inflows 📈 Total assets under management reach $171B 🚀 @CoinSharesCo reports Bitcoin leading with $1.9B inflows.
- Bitcoin dominates, driving $1.9B in new investments. - XRP inflows reach $484M since November 2024. - Ethereum rebounds but remains a laggard in flows.
Trump's defi project, World Liberty Financial, just bought $47M worth of wrapped bitcoin (456.777 WBTC) ahead of his inauguration as the 47th president. 🌐💰
- Transaction was uncovered by Arkham Intelligence. - Wrapped bitcoin allows BTC to be used in Ethereum-based defi. - No official comment yet from Trump or World Liberty Financial.
HTX DAO Completes Q4 2024 Token Burn: Over $22.47 Million Worth of $HTX Burned to Strengthen Ecosystem https://news.bitcoin.com/htx-dao-completes-q4-2024-token-burn-over-22-47-million-worth-of-htx-burned-to-strengthen-ecosystem/
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Donald Trump’s TRUMP memecoin launch raises crucial legal issues and questions on taxation that could impact the crypto landscape. Join the discussion! #cryptonews #memecoin #DonaldTrump
🚨 TRUMP memecoin: Exciting launch or regulatory minefield? 🇺🇸💰
@FinTax_Official dives into key concerns surrounding TRUMP, including whether it could be classified as a security under SEC rules. While the team says it's "not a security," its compliance with the Howey Test is still up for debate. 🤔
Adding to the mix are tax challenges. With 80% of TRUMP's supply held by the team and set to unlock over 3 years, token sales could trigger capital gains taxes—a logistical headache given TRUMP's price volatility. 📈💸
Could regulatory scrutiny and tax hurdles slow down TRUMP's momentum? Let us know what you think!
Hyperliquid hits $21B in trading volume in just 24 hours, driven by meme coins TRUMP and MELANIA 🚀. The platform also raked in $9.5M in fees, cementing its place as a defi powerhouse. Transparency + speed = the future of trading ⚡.
- $21B daily volume, $9.5M in revenue - Meme coins TRUMP and MELANIA newly listed - Fully onchain order book ensures low latency
Bitcoin Technical Analysis: A volatile session as BTC trades between $99K and $109K during Trump's inauguration. 📉📈
- Resistance at $109K limits upward momentum; $95K remains key support. - Volume spikes hint at both strong buying and profit-taking. - Traders eye $100K as a psychological floor amid heightened volatility.
Ethereum Faces Competition as Lightchain AI Testnet Launches in 2 Weeks https://news.bitcoin.com/ethereum-faces-competition-as-lightchain-ai-testnet-launches-in-2-weeks/
On Donald Trump's first day as U.S. president, Melania Trump's memecoin, MELANIA, stole the spotlight with a stunning 40% gain to $13 before settling around $10.60. The memecoin’s trading volume skyrocketed from $1.33 billion to $6.6 billion.
In contrast, Trump's own memecoin, TRUMP, fell over 17%. However, it still ranked among the top 20 crypto assets with a market cap of $11.1 billion.
The launch of these memecoins has sparked controversy, even among Trump's supporters, with calls for accountability regarding Melania's token. Some critics accuse him of using his presidency for personal gain.
Zack Guzmán speculated that the timing of these launches might be a strategy to shield against potential impeachment. He warned that this trend could lead celebrities to jump on the crypto bandwagon, reinforcing the idea that crypto is a frivolous space.
What are your thoughts on the memecoin frenzy? Share your opinions!
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