Trump takes credit for surge in US stocks and recent all-time highs for Bitcoin
According to The Block, US President-elect Donald Trump attributed the stock market surge and Bitcoin's recent record highs to himself in his last speech before taking office. Donald Trump said at the rally: "You have seen results that no one expected. Since the election, the stock market has soared and small business optimism has soared 41 points to a 39-year high. Bitcoin has broken new highs again and again. This is the Trump effect."
Trump's wife issues Meme coin MELANIA, with a current market value of about $6.4 billion
Trump's wife Melania said on social media in the early morning that people can now buy the Meme coin MELANIA. According to gmgn data, the market value of MELANIA is currently about 6.4 billion US dollars. Trump forwarded the information. He had previously issued his own exclusive cryptocurrency TRUMP. The coin plunged after his wife announced the issuance of MELANIA, briefly fell below $40, and then rebounded. It has now risen to $46.
MicroStrategy founder Michael Saylor has released information related to Bitcoin Tracker for the eleventh consecutive week, but this time is different from before. He said: "Things will be different tomorrow." (Note: Every time MicroStrategy buys BTC, the website will mark a green dot on the corresponding date, and the BTC price trend line will be blue.) According to previous rules, MicroStrategy always increases its holdings of Bitcoin on the day after the relevant news is released.
Italian Lawmakers Urge Country’s Banking Foundation to Buy Bitcoin
According to Decrypt, an Italian lawmaker is urging Italy's banking foundation to invest in Bitcoin, arguing that such investments could accelerate the country's support for the leading cryptocurrency. However, despite the United States' push for strategic Bitcoin reserves at both the national and state levels, he does not think Italy will establish similar reserves in the short term. Italian lawmaker Marcello Coppo said in an interview last Friday that banking foundations should allocate a small portion of their income to digital assets such as Bitcoin to potentially obtain a significant return on investment; the foundation's investment in Bitcoin could inspire public support for the cryptocurrency, which has long been an object of "excessive distrust" in Italy; we can start from a very low risk place, and any positive test can serve as a case study and example. Earlier on January 14, it was reported that Italian bank Intesa Sanpaolo purchased 11 BTC for about 1 million euros.
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Nova Labs, the creator of the Helium network, alleging that the company sold unregistered securities and misled investors. This is the latest and likely final enforcement action under outgoing Chairman Gary Gensler.
The lawsuit, filed last Friday, targets three tokens associated with Helium: the Helium Network Token (HNT), the Helium Mobile Token (MOBILE), and the Helium Internet of Things Network Token (IoT), which the SEC alleges were sold as unregistered securities. The lawsuit also accuses Nova Labs of misleading investors about multiple high-profile partnerships. Although the company told investors that companies such as Nestlé, Lime, and Salesforce were using the network, the lawsuit claims that these companies were neither customers nor "users" of the network. "In fact, when Nestlé and Lime learned that Nova Labs had publicly boasted about their alleged relationships, each company sent Nova Labs a cease and desist letter," the lawsuit states. The lawsuit seeks fines against the company and a ban on it from buying, offering, or selling any crypto assets that are offered as securities. Haleem posted a provocative message on X on Sunday, calling the lawsuit "the last gasp in America's failed crusade against crypto companies."
Haleem said: "The SEC wasted two years of our time and millions of our dollars pursuing any allegation they could think of... I don't get angry often, but this series of events is infuriating." Regarding the accusation that Helium misled investors, Haleem said: "We have addressed this issue in the past and worked with every company named in the complaint." Haleem concluded: "We will vigorously defend ourselves and continue the record of abject failures and blatant lies of the SEC led by Gensler. Not only for us, but for all DePin projects. If the Helium hotspot is a security, then all DePin is in jeopardy. We will not let this happen."
Later news came out that 10% of the MELANIA token team share will be unlocked on the 30th day and all will be unlocked in the 13th month .
Balaji Srinivasan, former CTO of Coinbase, wrote on the X platform that Meme coins are a zero-sum lottery. It does not create wealth. Every buy order is simply matched with a sell order. After the initial surge, the price will eventually plummet, and the last investor to buy will lose everything. If the platform also takes a commission, it is actually a negative-sum game. If you want to gamble moderately for entertainment, no problem. If you are a professional trader, no problem. But most people should buy assets that will maintain their value in the long term. Sometimes you can add use cases for Meme coins, or maintain their value indefinitely by keeping them hot. But in general, don't invest money you can't afford to lose. I agree that there are indeed some Meme coins that have withstood the test and successfully built communities. I would further point out that many of the top 100 cryptocurrencies are actually "ghost chains" and de facto Meme coins. But in a highly political environment, a rapid surge in prices is likely to bring trouble. A lot depends on what happens after the first big price drop.
Jupiter: The system is currently under extreme load and is working hard to recover.
Solana Ecosystem Decentralized Exchange Jupiter said on the X platform: "All our systems are currently under extreme load and are working hard to restore normal services as soon as possible. Things worth knowing: We have increased the priority fee and dynamic slippage in automatic mode to help users complete transactions. If you want to try to trade with lower fees/slippage, please use manual mode, but please note that the transaction may be difficult to complete. On Solana, if the transaction fails, the gas fee will still be deducted, so please trade with caution. Especially for perpetual contracts, you can increase the chances of successful transactions by opening long positions with underlying assets such as SOL/BTC/ETH or short positions with USDC."
Phantom said on the X platform that it is seeing a surge in requests per minute, exceeding 8,000,000. While it works to stabilize the platform, transactions may not complete smoothly on the first try.
World Liberty Financial's public offering sales accelerate, raising nearly $250 million
Following the release and surge of TRUMP, the public offering sales of World Liberty Financial, the Trump family's crypto project, are accelerating. It has sold 16.58 billion WLFI on its official website, raising $248.7 million in funds, and currently has 3.415 billion tokens to sell.
According to Onchain Lens monitoring, 2 hours ago, a whale bought 5.2 million MELANIA at a price of US$680,940. The current floating profit is about US$39 million, and no tokens have been sold yet.
Trump family crypto project WLFI increases holdings by 4,869 ETH
According to Spot On Chain monitoring, the Trump family's crypto project World Liberty (WLFI) spent 16 million USDT to increase its holdings of 4,869 ETH in the past hour. They currently hold 32,852 ETH (about $106 million) and have a large amount of $ETH on Coinbase, which they deposited a few days ago.
According to Jinshi, a group of stubborn bond traders have made a contrarian bet that the Fed's next move will be to raise interest rates, not cut them. The bet came after the U.S. released a blowout jobs report on January 10, in stark contrast to Wall Street's consensus of at least one rate cut this year. This contrarian bet remains despite the mild inflation report released on Wednesday that reinforced the Fed's rate cut stance and caused U.S. Treasury yields to fall from multi-year highs. An institutional analysis shows that based on options related to the secured overnight financing rate, traders currently believe that the probability of the Fed raising interest rates by the end of the year is about 25%. Before the CPI data was released, these bets were as high as 30%. And until more than a week ago, rate hikes had not even been considered. Phil Suttle, a former economist at the New York Fed, expects the Fed to raise interest rates in September, saying: "This is not a crazy view."
According to Xinhuanet, at around 9:30 a.m. Pacific Time on the 19th (1:30 a.m. Beijing Time on the 20th), TikTok issued a statement on social media saying that the company has reached an agreement with Internet service providers and is restoring related services. The reporter immediately checked and found that the TikTok application has resumed normal use and the TikTok website has also returned to normal. In addition, according to China Business News, on January 19th, Beijing time, US President-elect Trump announced that he would issue an executive order on Monday to extend the time before the TikTok "no sale or ban" law takes effect so that an agreement to protect national security can be reached. Before the order is issued, any company that helps TikTok continue to operate will not bear any responsibility. Trump plans to set up a joint venture in which the United States owns a 50% stake, which will ensure that TikTok is in control and can continue to operate. It should be noted that ByteDance has repeatedly stated that it will not sell TikTok's US assets.
Grayscale starts recruiting again, offering positions such as digital asset derivatives traders
Grayscale has launched recruitment again by posting information on the X platform, this time offering positions for digital asset derivatives traders, portfolio consultants, crypto product analysts, and private equity fund sales analysts. Earlier this month, Grayscale also disclosed recruitment information, including positions such as analysts, tax specialists, digital asset traders, portfolio managers, senior assistants for ETF products, product managers, and engineering supervisors.
Hyperliquid: The assistance fund will initially hold 3 million pilot assets PURR
Hyperliquid posted on the X platform that in line with the mission of safely preserving value on the chain and supporting the Hyperliquid community, the Assistance Fund will begin holding a variety of native assets on Hyperliquid, with selection criteria including fair initial distribution, decentralized ownership, Hyperliquid-first native deployment, and positive impact on the Hyperliquid community. Among eligible assets, the Hyper Foundation will first decide on inclusion and relative representation. Over time, governance will take over this responsibility. The pilot asset joining the Assistance Fund is PURR. The Assistance Fund will initially hold 3 million PURR, accounting for about 0.5% of the total supply at the time of inclusion.
BitMEX co-founder Arthur Hayes wrote on the X platform that Memecoin is the best fan interaction tool ever. If Trump does this, then Beyonce or Swift will be much less risky to do so, and prepare for the Memecoin outbreak.
According to official news, the blockchain-based animation platform Oshi announced the completion of a $12.5 million financing, led by Polychain Capital and Superscrypt, with participation from Folius Ventures, Sfermion, The Spartan Group, Nomad Capital, CMT Digital, etc. According to reports, Oshi is an open animation platform based on blockchain. Through Oshi, fans can directly support the animation projects they love and get exclusive offers. The platform's IP licensing infrastructure enables IP owners to maintain control of their works while establishing connections with dedicated global partners.
1confirmation founder: 1confirmation currently holds 52,360 ETH
Nick Tomaino, founder of 1confirmation, published a post on the X platform revealing that 1confirmation currently holds 52,360 ETH and is still accumulating.
According to Lookonchain monitoring, the whale that purchased 5.2 million MELANIA for $680,000 earlier today sold 203,000 MELANIA for 2.14 million USDC, leaving 5 million MELANIA worth $64.9 million.
El Salvador added 11 BTC today, and its current holdings are worth over $600 million
On-chain data shows that 37 minutes ago, El Salvador added 11 BTC (US$1,113,508), bringing his total holdings to 6,043.18 BTC, worth US$608,264,513.
According to SolanaFloor data, Solana's DEX trading volume in January has exceeded $158 billion, breaking the $140 billion record set by BNB Chain in May 2021 - the highest record among all blockchains. Solana is also the first blockchain to break $150 billion, achieving this goal in just 20 days, with 11 days left.
According to Token Unlocks data, FTN, MRS, and IMX tokens will be unlocked in large amounts this week, including:
- Fasttoken (FTN) will unlock about 20 million tokens at 8:00 am on January 21, Beijing time, accounting for 4.67% of the current circulation, with a value of about US$76.2 million;
- Metars Genesis (MRS) will unlock approximately 10 million tokens at 8:00 am Beijing time on January 22, accounting for 11.87% of the current circulation, with a value of approximately US$31.4 million;
- Immutable (IMX) will unlock approximately 24.52 million tokens at 8:00 a.m. on January 24 (GMT+8), accounting for 1.43% of the current circulation and worth approximately $29.9 million.
- AltLayer (ALT) will unlock approximately 240 million tokens at 6:00 pm Beijing time on January 25, accounting for 10.39% of the current circulation, with a value of approximately US$21.8 million;
- ApeX (APEX) will unlock approximately 10 million tokens at 8:00 am Beijing time on January 20, accounting for 18.71% of the current circulation, with a value of approximately US$15.9 million;
- Murasaki (MURA) will unlock approximately 20 million tokens at 8:00 am Beijing time on January 23, accounting for 34.84% of the current circulation, worth approximately US$13 million;
- Ethena (ENA) will unlock approximately 12.86 million tokens at 3:00 pm Beijing time on January 22, accounting for 0.42% of the current circulation, with a value of approximately US$10.8 million;
- SPACE ID (ID) will unlock approximately 18.49 million tokens at 8:00 a.m. on January 22, Beijing time, accounting for 4.29% of the current circulation and worth approximately US$7.5 million;
- Eigenlayer (EIGEN) will unlock approximately 1.29 million tokens at 3:00 a.m. Beijing time on January 22, accounting for 0.55% of the current circulation, with a value of approximately US$3.6 million;
- Karrat (KARRAT) will unlock approximately 11.25 million tokens at 8:00 am on January 23rd (GMT+8), accounting for 6.01% of the current circulation, with a value of approximately US$3.2 million.
- Tribal Token (TRIBL) will unlock approximately 9.6 million tokens at 8:00 am Beijing time on January 20, accounting for 6.11% of the current circulation and worth approximately US$2.4 million;
- Coin98 (C98) will unlock approximately 16.53 million tokens at 7:00 pm Beijing time on January 23, accounting for 1.85% of the current circulation, with a value of approximately US$2.3 million;
- MMX (MMX) will unlock approximately 1.67 million tokens at 8:00 am on January 23rd (Beijing time), accounting for 1.10% of the current circulation and worth approximately US$2.15 million.
- Hooked Protocol (HOOK) will unlock approximately 4.17 million tokens at 8:00 am Beijing time on January 24, accounting for 1.89% of the current circulation, with a value of approximately US$1.4 million;
- Venom (VENOM) will unlock approximately 33.76 million tokens at 4:00 p.m. Beijing time on January 25, accounting for 1.76% of the current circulation and worth approximately US$1.35 million.
