1.TRUMP FDV on Track to Reach $100 Billion
BitMEX co-founder Arthur Hayes posted on social media, stating, “Trump’s launch of the TRUMP token has kickstarted the political meme coin market. Tokenomics is a joke, but the token’s Fully Diluted Valuation (FDV) is heading towards $100 billion.”
2.The Trump Organization’s 2 subsidiary companies collectively own 80% of TRUMP, but are required to adhere to a 3-year unlocking schedule.
according to the official website of “Trump Real Deal Meme Coin” TRUMP, Trump Memes aim to express support and participation in the ideals and beliefs embodied by the “$TRUMP” symbol and its related artwork, and are not intended to be an investment opportunity, investment contract, or subject to any type of security. This meme is not political and is not related to any political campaign or any political office or government agency.
It is worth noting that the Trump Group’s affiliated companies CIC Digital LLC and Fight Fight Fight LLC collectively own 80% of TRUMP but are subject to a 3-year unlocking plan. Owners of Fight Fight Fight LLC, CIC Digital LLC, and Celebration Cards LLC will receive transaction revenue generated by TRUMP trading activities.
BlockBeats Note: The officially released Trump Meme TRUMP is believed to be from the same team behind the previous Trump Digital Trading Cards NFT series. The issuer of the “Trump Digital Trading Cards” is NFT INT LLC, who purchased the right to use Trump’s name and likeness from CIC Digital LLC to create and sell this NFT series.
3.Moonshot Tops Apple App Store US Finance Category Free Apps Chart
according to appfigures data, the Moonshot app ranked first in the Apple App Store’s top free finance apps in the US, surpassing Coinbase, PayPal, and Robinhood.
4.Trump’s crypto project WLFI plans to acquire TRX to bolster its treasury
according to sources familiar with the matter, Trump’s cryptocurrency project World Liberty Financial plans to acquire Tron (TRX) tokens to bolster its treasury, as reported by Coindesk.
The move is said to deepen World Liberty Financial’s close ties with Tron. Its founder, Justin Sun, has already advised Trump’s cryptocurrency project and is also the largest single holder of its WLFI token, having spent $30 million on a large amount of WLFI in November last year. It is currently unclear how much TRX the World Liberty plan intends to add to its cryptocurrency reserves.
5.Justin Sun: Trump Coin Announcement Indicates Crypto Regulation Will Be More Friendly, Has Reached Cooperation with Trump
HTX held an X Space Open Mic event with the theme “Trump Meme Explosive Value Analysis.” HTX’s global advisor Justin Sun participated in the event and provided a detailed analysis of the official Meme coin TRUMP issued today by the incoming U.S. President Trump.
Justin Sun stated, “Trump’s issuance of a coin signifies crypto regulation, especially in the U.S., becoming more friendly. Subsequent enforcement actions against the crypto industry will be impossible, and the U.S. could very well consider Bitcoin as a strategic reserve asset. At the same time, this event will intensify competition in the crypto industry, and it is not ruled out that in the future, Facebook and Apple will also start trading platforms. The future competitive pressure will only increase.”
In November 2024, Justin Sun invested $30 million in the Trump family’s cryptocurrency project, World Liberty Financial (WLFI), becoming the project’s largest investor. Justin Sun commented on this, saying, “We have reached a cooperation agreement with Trump, WLFI will also be issued on the TRON blockchain, and will announce TRX as a reserve asset, with HTX also launching the first time.”
6.The probability on Kalshi of “Trump creating a national Bitcoin reserve this year” has increased to 68.8%
according to compliance prediction market Kalshi data, the probability of “Trump Will Create a National Bitcoin Reserve This Year” has risen to 68.8%. The probability was only 40% on January 10th when the crypto market bottomed out.
BlockBeats Note: Donald Trump’s eldest son, Donald Trump Jr, announced on October 13th that he would serve as a strategic advisor to the prediction market Kalshi.
7.Massachusetts Proposes Establishing Statewide ‘Strategic Bitcoin Reserve’
according to official sources, Massachusetts State Senator Peter Durant has introduced a bill to establish a “Strategic Bitcoin Reserve” in the state. It is worth noting that Massachusetts is the first deep blue state to propose legislation related to a “Strategic Bitcoin Reserve.” At the same time, Massachusetts has become the eighth state to introduce a similar bill.
Currently, eight states in the United States have proposed legislation related to a “Strategic Bitcoin Reserve,” namely: Oklahoma, New Hampshire, Wyoming, Texas, Pennsylvania, Ohio, and North Dakota.
8.Vitalik: Currently, a major transformation is being carried out on the leadership structure of the Ethereum Foundation
Ethereum co-founder Vitalik Buterin has stated that a major overhaul of the leadership structure of the Ethereum Foundation is currently underway, and this change has been ongoing for nearly a year. Some of these changes have already been implemented and announced, while some are still in progress. The main goals to be achieved are:
Enhancing the technical expertise level of the Ethereum Foundation’s leadership;
Improving two-way communication and connections between the Ethereum Foundation’s leadership and both new and old participants in its ecosystem. The responsibilities of the Ethereum Foundation include supporting: users (individuals and institutions), application developers, wallets, L2;
Introducing fresh talent to increase execution ability and speed;
More actively supporting application developers to ensure important values and inalienable rights (especially privacy, open source, resistance to censorship) are realistic for all users including those at the application layer;
Continuing to increase use of decentralized technology, privacy technology as well as usage on Ethereum chain including payments and fund management.
Things that will be avoided in future include:
Implementing any kind of ideological/atmospheric shift;
Beginning active lobbying with regulatory bodies or powerful political figures (especially in America but actually anywhere especially big countries), risking damaging Ethereum’s status as a globally neutral platform;
Becoming an arena for vested interests;
Becoming highly centralized organization or even becoming “the protagonist” within Ethereum.
9.ETH/BTC exchange rate hits the lowest point since April 2021, reaching 0.03155
according to HTX market data, the ETH/BTC exchange rate dropped to touch 0.03155, currently trading at 0.03165, a 5.3% decrease in the last 24 hours, hitting the lowest point since April 2021.
10.Vitalik: Supports ETH engaging with funds, institutions, and governments, as well as those willing to discuss ETH from an asset perspective
Ethereum co-founder Vitalik Buterin responded to a discussion regarding “Ethereum-related companies needing to proactively engage with funds, institutions, and countries to have them buy ETH,” stating, “I am very supportive of engaging with funds, institutions, and countries, and I also support being willing to discuss ETH from an asset perspective. ETH, as an asset, is a key part of Ethereum as a social organism. I do not believe the Ethereum Foundation (EF) necessarily is the best entity to do all of this.”
“The world is large, and Ethereum is also large. A more effective approach is to support various local organizations around the world (including large enterprises) as they have a deeper understanding of their local situations.”
This chart takes price movements of the past 1,458 days and repeats those movements again to predict the price on each day over the coming 1,458 days. It also displays the previous after-halving top price as well as the tops after each upcoming halving.
Comment78