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Donald Trump Launches $TRUMP His Official Memecoin
News on the Blockchain
January 19, 2025
News on the Blockchain, January 19th, 2025
Confidence in Knowledge. Not Financial Advice.
🌍 Daily Crypto Market Overview
Global Stats:
Cryptocurrencies: 9.59M+
Exchanges: 776
Market Cap: $3.61T (+1.41%)
24h Volume: $212.51B (+12.16%)
Bitcoin Dominance: 57.5%
Ethereum Dominance: 10.6%
ETH Gas Price: 26.47 Gwei
Fear & Greed Index: 64/100 (Greed)
🪙 Top 5 Cryptocurrencies by Market Cap:
Name | Price | 24h Change | Market Cap | 24h Volume |
|---|---|---|---|---|
Bitcoin (BTC) | $104,652.15 | +1.45% | $2.07T | $54.30B |
Ethereum (ETH) | $3,169.75 | -2.98% | $381.97B | $34.33B |
Tether (USDT) | $0.9982 | -0.12% | $138.10B | $163.74B |
BNB (BNB) | $688.20 | -1.53% | $99.10B | $2.28B |
Solana (SOL) | $285.72 | +18.11% | $139.05B | $27.97B |
💹 Market Highlights:
Total DeFi Volume: $12.28B (5.78% of total 24h volume)
Stablecoins Volume: $193.36B (90.99% of total 24h volume)
Coin with highest % change: TRUMP (+9999%)
🚀 Trending on DexScan:
ELON/SOL: $0.1326 (+9999%+)
BARRON/SOL: $0.02864 (+9999%+)
WIN/SOL: $0.01516 (+9999%+)
Fistcoin/SOL: $0.01049 (+9999%+)
WAGMEME/SOL: $0.004619 (+8000%)
📈 Preview On Today’s News:
- Donald Trump Launches $TRUMP His Official Memecoin
- SEC Fines Digital Currency Group $38M for Misleading Investors
- Russian Jailed for Using Crypto to Fund Ukrainian Forces
Keep reading below for more!
Today’s News:
1)
Donald Trump Launches $TRUMP His Official Memecoin
Donald Trump's memecoin, TRUMP, and its associated NFT collection have skyrocketed in popularity, with the NFTs experiencing a 400% surge in floor price and climbing to the fourth position globally by trading volume. Speculation surrounding potential token allocations for NFT holders drove trading activity, though project leaders clarified no automatic airdrops would occur. TRUMP's market capitalization now exceeds $5 billion, but concerns persist over centralized control, as affiliated companies hold 80% of the token supply, subject to a three-year unlocking schedule. The memecoin’s divisive reception mirrors Trump's broader impact, polarizing crypto enthusiasts between excitement and skepticism.
Trump's memecoin and NFT collection have surged, with the NFTs gaining 400% in floor price and the TRUMP token achieving a $5 billion market cap.
Despite clarifications against automatic airdrops, concerns over token centralization and long-term project stability remain prevalent.
2)
SEC Fines Digital Currency Group $38M for Misleading Investors
The U.S. Securities and Exchange Commission (SEC) fined Digital Currency Group (DCG) $38 million for misrepresenting the financial health of its subsidiary, Genesis Global Capital (GGC), during the Three Arrows Capital loan default in 2022. Despite GGC's financial troubles, DCG issued misleading statements to portray stability and obscured its $1.1 billion promissory note to GGC from investors, prompting SEC enforcement. This case highlights the growing regulatory scrutiny over transparency in the crypto industry.
The SEC fined DCG $38 million for misleading claims about GGC's stability during the 2022 crisis, concealing critical financial troubles and a $1.1 billion promissory note.
The enforcement underscores the SEC's focus on transparency and accountability in the rapidly evolving crypto market.
3)
Russian Jailed for Using Crypto to Fund Ukrainian Forces
A Russian national has been sentenced to seven years in a maximum-security penal colony for using cryptocurrency to support the Ukrainian Armed Forces. This marks the first publicly known case in Russia of using digital currency to finance military activities. The individual, a diamond mining company employee, transferred funds to a Ukrainian unit for reconnaissance and subversive operations against Russian security interests, following detailed instructions from Ukrainian curators on social media. The sentencing comes amid broader discussions in Russia about cryptocurrency's role in international payments and geopolitical strategies.
A Russian resident received a seven-year sentence for transferring cryptocurrency to support the Ukrainian Armed Forces' operations against Russia.
This historic case highlights tensions over crypto's geopolitical role as Russia explores using digital assets to counter sanctions and reduce reliance on the US dollar.
Disclaimer:
The information provided in this newsletter is based on our data findings and opinions. It is intended for informational purposes only and should not be considered financial advice. Cryptocurrency investments carry significant risk, and it is important to conduct your own research and consult with a qualified financial advisor before making any investment decisions. We are not responsible for any financial losses or gains you may incur as a result of using this information.
