Crypto Today: Melania Trump Memecoin Announcement Raises Hacking Concerns
Following in the footsteps of Donald Trump’s memecoin launch, Melania Trump has now made headlines with her own memecoin announcement. However, there’s a high probability that her social media accounts may have been compromised, leading to speculation and caution among cryptocurrency enthusiasts. The Unexpected Announcement: In a surprising turn of events, Melania Trump announced the launch of a new memecoin named “MELANIA” on her social media platforms. This came shortly after Donald Trump’s memecoin, which had already stirred the market. The Melania Trump Memecoin was promoted on both X and Truth Social, with Donald Trump retweeting the posts, adding legitimacy
Read moreTrump Memecoin Launch Shatters Records, Propelling Solana (SOL) to Historic Highs
In an unprecedented turn of events, the launch of the Official Trump Memecoin has broken all previous records, simultaneously driving the price of Solana (SOL) to a new all-time high. This unexpected market movement has captured the attention of the crypto community worldwide, showcasing the significant influence of political figures in the cryptocurrency space. The Trump Memecoin, announced via Trump’s official social media accounts, was launched on the Solana blockchain without prior notice. This move saw the token’s value skyrocket by over 490% in less than 24 hours, reaching a market capitalization of approximately $8 billion. With trading volumes soaring
Read moreEight U.S. Blockchain Lobbies Unite in Support of Trump’s Crypto-Friendly Policies
In a significant move for the cryptocurrency sector, eight major U.S. Blockchain Lobbies have come together to form the North American Blockchain Association (NABA). This unification aims to leverage the incoming Trump administration’s anticipated pro-crypto stance to shape future blockchain and cryptocurrency regulations. The Formation of NABA: The newly formed NABA includes influential groups like the Texas Blockchain Council, Alabama Blockchain Alliance, and others from various states. This coalition is led by notable figures in the crypto space, including Lee Bratcher of the Texas Blockchain Council, who expressed optimism regarding Trump’s approach to the bitcoin mining industry. Trump’s Crypto-Friendly Vision:
Read moreMemecoins See $40 Billion Loss, Losing Momentum in December
The memecoin market experienced a sharp decline in December 2024, losing over $40 billion in market capitalization. After peaking at $137 billion early in the month, the sector’s value plummeted to a low of $92 billion by December 23. This significant drop indicates a cooling off from the intense speculative fervor that had driven memecoin prices earlier in the year. Pepe (PEPE), one of the leading memecoins, was not immune to the downturn, although it managed an 18x growth rate from the start of 2024. However, even with its listing on major exchanges like Binance.US, other memecoins like Dogecoin (DOGE),
Read moreEl Salvador’s Bitcoin Holdings Reach 6,000 BTC, Valued at $569 Million
El Salvador has escalated its cryptocurrency strategy by amassing 6,000 Bitcoins, now valued at an impressive $569 million. This significant accumulation marks a bold step in the country’s journey as the first nation to adopt Bitcoin as legal tender in 2021, under President Nayib Bukele’s leadership. The latest addition of 1 Bitcoin on December 29 brings the total to 6,000.77 BTC, showcasing a strategic investment approach despite warnings from the International Monetary Fund (IMF). El Salvador’s Bitcoin venture has seen a 108.02% gain, with an average purchase price of $45,450 per Bitcoin, demonstrating the country’s commitment to cryptocurrency despite market
Read moreTrump’s Bitcoin Policies Hinged on U.S. Economic Strength, Says Ki Young Ju
CryptoQuant’s CEO, Ki Young Ju, has suggested that former President Donald Trump’s approach to Bitcoin policies would largely depend on the economic health of the United States. According to Ju, Trump’s decision-making on cryptocurrencies like Bitcoin would reflect the perceived strength or vulnerability of the U.S. economy and the dollar’s global standing. Ju argues that in times of economic stability and dollar dominance, Trump might be less inclined to implement aggressive pro-Bitcoin policies, such as establishing a Bitcoin strategic reserve. The rationale is that a strong U.S. dollar reduces the urgency for alternative stores of value like Bitcoin. However, should
Read moreWall Street Banks Capitalize on Crypto Bull Run
Wall Street is diving headfirst into the cryptocurrency surge, driven by Bitcoin’s skyrocketing value in 2024. Major banks like JPMorgan, Goldman Sachs, and Barclays are aggressively adapting to the digital finance revolution, aiming to profit from the crypto boom. The shift reflects a broader acceptance of cryptocurrencies as legitimate investment vehicles, with Wall Street banks not only participating but also shaping the market’s direction. The competition is fierce, with banks racing to not fall behind in this lucrative sector. Powered by GROK AI.
Read moreSolana Labs Co-Founder Faces Lawsuit Over Staking Rewards
Solana Labs co-founder Stephen Akridge is embroiled in a legal battle with his ex-wife, Elisa Rossi, over allegations that he concealed millions in Solana ($SOL) staking rewards during their divorce. Rossi claims Akridge exploited her lack of expertise in cryptocurrencies and blockchain technology to keep the staking rewards for himself, despite a divorce agreement that included shared assets. The lawsuit, filed in San Francisco Superior Court, accuses Akridge of fraud, breach of contract, and unjust enrichment. Rossi alleges that although she was given control over certain crypto wallets as part of the divorce settlement, Akridge managed to redirect the staking
Read moreWhale Secures $835K in Profits with $ai16z and $PENGU
A significant player in the cryptocurrency market, often referred to as a “whale,” has reportedly earned an impressive $835,000 in unrealized profits by strategically trading between $ai16z and $PENGU tokens. This whale, who had previously made $9.5 million from trading $ai16z, continued their lucrative journey in the crypto space by converting some of their holdings into $PENGU. The whale initially invested $1.15 million in $ai16z, acquiring 14.08 million tokens. They then sold 7.87 million $ai16z for $5.57 million, maintaining a stash of 6.21 million $ai16z, which was worth $5.08 million at the time of the report. Over the last eight
Read moreSwiss Firm Relai Marks Christmas with $1.24M Bitcoin Acquisition
In a festive move to celebrate Christmas, Swiss cryptocurrency firm Relai has announced the purchase of 13 Bitcoins (BTC), amounting to a total investment of approximately $1.24 million. This acquisition was revealed on December 26, 2024, showcasing Relai’s ongoing commitment to Bitcoin as part of its strategy and operations. Relai, known for its Bitcoin-only trading app, has been making headlines for its dedication to promoting self-custody and the adoption of Bitcoin. The company’s decision to buy more Bitcoin during the holiday season not only reflects a bullish stance on the cryptocurrency but also serves as a statement of confidence in
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