Allegations arose on the social media platform X about the Cuban government's potential engagement in pumping and dumping a memecoin on Solana, leading to multiple iterations of the token being released and 'rugged'. The X account of Cuba's Ministry of Foreign Affairs, which was thought to have promoted the a crypto, became inaccessible, fueling further speculation. The incident occurred amid a general uptick in the crypto market. The initial Cuba token recorded substantial trade volumes, yet the ministry has not provided comments on these events.
Allegations arose on the social media platform X about the Cuban government's potential engagement in pumping and dumping a memecoin on Solana, leading to multiple iterations of the token being released and 'rugged'. The X account of Cuba's Ministry of Foreign Affairs, which was thought to have promoted the a crypto, became inaccessible, fueling further speculation. The incident occurred amid a general uptick in the crypto market. The initial Cuba token recorded substantial trade volumes, yet the ministry has not provided comments on these events.
President Donald Trump has appointed Caroline Pham, a current Commissioner at the US Commodity and Futures Trading Commission (CFTC), as the acting chair of the agency. The CFTC members confirmed her appointment. Pham was previously noted for her efforts in leading digital asset initiatives within the CFTC, including proposing a regulatory framework for digital assets and the creation of a Digital Asset Markets subcommittee.
The interest in crypto assets significantly increased, evidenced by the perfect score of 100 on Google Trends for the query 'how to buy crypto.' This surge is largely attributed to the incoming US President Donald Trump's promotion of his own memecoin, suggesting mainstream acceptance of digital assets. Trump's endorsement has potentially opened doors for increased retail interest and discussions of crypto deregulation in the US.
The Hashgraph Association has partnered with Taurus to facilitate secure custody, staking, and tokenization of HBAR and other assets. This collaboration aims to enhance accessibility for banks and enterprises worldwide, especially in Europe, Asia, the Middle East, and Africa. The partnership also focuses on addressing tokenization challenges and expanding the ecosystem's reach into regulated markets.
Solana, achieved a record in daily fees, generating over $35 million from heightened trading volumes following the launch of Donald Trump's official memecoin, TRUMP. The token issuance led to significant network activity, with Solana handling transactions from about 6 million active addresses and achieving revenue of at least $14 million. This surge in fees and trading volumes reflects increased demand for SOL tokens and an expanded interest in related crypto trading activities.
World Liberty Financial experienced a significant increase in governance token sales, totaling $254 million, following the launch of memecoins by Donald and Melania Trump. The DeFi project sold 20% of its 100 billion token supply and released an additional 5% due to high demand. Tron Founder Justin Sun's $45 million investment further contributed to this surge, emphasizing the crypto community's strong response to the new Trump-affiliated memecoins.
Robinhood has listed the TRUMP meme token, which recently experienced a major decline in value, losing over 40% and erasing $6 billion in market value after competition from Melania Trump's MELANIA coin. Despite the sharp drop, TRUMP's price partially recovered, reflecting a 68% increase over the past 24 hours, although it fell from the top two meme coins, surpassed by Shiba Inu.
Following a unanimous Supreme Court decision that upheld the Protecting Americans from Foreign Adversary Controlled Applications Act, Apple and Google removed TikTok from their app stores, making the app unavailable for download and use in the US. This removal is a compliance step following a new regulation requiring ByteDance to either divest TikTok or face a ban in the US.
Binance will list OFFICIAL TRUMP (TRUMP) with trading pairs TRUMP/USDC and TRUMP/USDT starting January 19, 2025. Deposits will begin two hours before trading, with withdrawals opening the following day. The token is marked with a 'seed tag,' indicating higher volatility and risk, and traders must pass quizzes every 90 days to trade it.
Coinbase announced the addition of Official Trump ($TRUMP) to its listing roadmap following a significant valuation increase to $32 FDV shortly after its launch. The token, promoted on President Trump's social media accounts, experienced a surge in trading volume and price, peaking at $32.
Binance has recently announced the listing of the Official Trump (TRUMP) memecoin on its futures platform. Launched today, the crypto has already achieved a market value exceeding $4 billion and has surged by 208% in just 24 hours.
In Switzerland, Bitcoin supporters are initiating a campaign to have a national vote on including Bitcoin in the Swiss National Bank's reserves, alongside traditional assets like the dollar and gold. This effort involves collecting 100,000 signatures to prompt a public consultation under the Swiss system of direct democracy. The proponents argue that adding Bitcoin could provide the Swiss National Bank an investment not controlled by any foreign entity, enhancing Switzerland's financial sovereignty.
Bybit announced the listing of TRUMPUSDT for Perpetual Pre-Market Trading, starting with a Call Auction on January 18, 2025, at 9:35 AM UTC. The trading process includes a Call Auction phase, an Order Withdrawal period, followed by Match-Making Tradeoff, and possibly a Continuous Auction. The listing is intended for pre-market notice and does not guarantee a permanent spot on Bybit's Derivatives platform.
Vivek Ramaswamy, a biotech entrepreneur and crypto advocate, plans to run for governor of Ohio. He has previously campaigned against regulatory overreach in the crypto sector. His bid announcement is expected soon, coinciding with his role in leading the Department of Government Efficiency aimed at reducing federal regulations. The gubernatorial race is scheduled for 2026, aligning with the department's project completion.
IRS Commissioner Danny Werfel announced he will resign following President-elect Trump's inauguration, despite his term originally set to expire in 2027. Werfel's decision, influenced by discussions with various stakeholders including IRS employees and Congress, aims to facilitate a smooth transition for Trump's nominee, former Rep. Billy Long. This comes amid ongoing transformations within the IRS supported by the 2022 Inflation Reduction Act, which Werfel has been leading to enhance the agency's efficiency and enforcement capabilities.
