TRUMP, MELANIA tokens crash hardest as memecoins bleed
Memecoins underperform the broader crypto market after double-digit daily losses fueled by sharp drops in TRUMP and MELANIA tokens.
Crypto observers still hopeful on Trump despite silence on first day
The crypto industry is buzzing with excitement and optimism as we enter a new era with the inauguration of President Joe Biden. While many were disappointed by former President Donald Trump’s lack of attention towards digital assets during his time in office, industry executives and investors are confident that the road ahead for cryptocurrencies is bright.
Despite Trump’s silence on crypto in his first day actions, the industry has continued to thrive and grow. In fact, the market cap of all cryptocurrencies has surpassed $1 trillion, a major milestone that showcases the increasing adoption and acceptance of digital assets. This is a clear indication that the crypto industry is here to stay and has a promising future ahead.
One of the key reasons for this confidence is the appointment of Gary Gensler as the new chairman of the Securities and Exchange Commission (SEC). Gensler is a well-known advocate for blockchain and cryptocurrencies, having taught courses on the subject at the prestigious Massachusetts Institute of Technology (MIT). His appointment is seen as a positive step towards creating a more favorable regulatory environment for digital assets.
Moreover, the Biden administration has shown a more progressive stance towards technology and innovation, which bodes well for the crypto industry. With a new administration in place, there is hope for clearer regulations and policies that will foster the growth of the industry and provide more clarity for investors.
Another factor contributing to the industry’s confidence is the increasing interest from institutional investors. Companies like MicroStrategy, Square, and Tesla have all made significant investments in Bitcoin, signaling a shift towards mainstream adoption of cryptocurrencies. This trend is expected to continue as more traditional financial institutions and corporations recognize the potential of digital assets.
In conclusion, while Trump’s silence on crypto may have been disappointing for some, the industry remains resilient and optimistic about the future. With a new administration and a more favorable regulatory environment, coupled with increasing institutional interest, the road ahead for digital assets looks promising.
Possible commutation looming, Silk Road founder issues memecoin warning
As the US presidential inauguration approaches, the name of Ross Ulbricht, the founder of the infamous dark web marketplace Silk Road, has resurfaced in the news. This time, it’s not because of his criminal activities, but because of a potential pardon from President Donald Trump.
In 2015, Ulbricht was sentenced to life in prison without parole for his involvement in creating and operating Silk Road, a website that facilitated the sale of illegal drugs and other illicit goods. However, his case has gained attention from advocates who believe his sentence was too harsh and that he was unfairly targeted by the government.
Recently, it was reported that Trump has been considering granting a pardon to Ulbricht on his first day in office. This news has sparked controversy and divided opinions, with some arguing that Ulbricht’s actions were a threat to public safety and others advocating for his release.
But while the debate over Ulbricht’s potential pardon continues, scammers have already started taking advantage of the situation. With the promise of a presidential pardon, scammers are using Ulbricht’s name to lure unsuspecting victims into various schemes.
One such scam involves fake websites and social media accounts claiming to be raising funds for Ulbricht’s legal defense. These scammers are preying on people’s sympathy and desire to see justice served, tricking them into donating money that will never reach Ulbricht.
It’s a sad reality that in times of uncertainty and controversy, scammers will always try to exploit the situation for their own gain. And with the upcoming presidential inauguration, the potential pardon of Ross Ulbricht has become a prime target for these unscrupulous individuals.
As we await the decision on Ulbricht’s fate, it’s important to stay vigilant and not fall for these scams. Let’s not let the actions of a few tarnish the name of a man who has already paid a heavy price for his crimes.
Crypto ETPs see $2.2B in inflows amid Trump inauguration euphoria
The euphoria around the inauguration of US President-elect Donald Trump drove the massive $2.2 billion in inflows to crypto ETPs last week.
Winklevoss twins’ Gemini exchange selects Malta as Europe MiCA hub
Navigating the complex world of financial regulations can be a daunting task for any company, especially in the rapidly evolving cryptocurrency industry. This is particularly true for the recently introduced Markets in Crypto-Assets (MiCA) regulation in Europe, which aims to bring more clarity and oversight to the digital asset market.
According to Blair Halliday, head of Europe at Gemini, one of the biggest challenges in achieving MiCA compliance is allocating the necessary resources to build the required infrastructure. In an interview, Halliday shared that Gemini has been working diligently to ensure they are fully compliant with MiCA regulations, but it has not been an easy feat.
MiCA compliance requires companies to have robust systems in place for risk management, cybersecurity, and customer protection. This means investing in new technology, hiring specialized personnel, and implementing strict protocols and procedures. For smaller companies, this can be a significant financial burden and a time-consuming process.
However, Halliday believes that the benefits of MiCA compliance outweigh the challenges. By adhering to these regulations, companies can gain the trust and confidence of regulators, investors, and customers. This can ultimately lead to increased adoption and growth in the cryptocurrency market.
Gemini, a leading cryptocurrency exchange, has been at the forefront of promoting regulatory compliance in the industry. The company has been actively engaging with regulators and advocating for clear and fair regulations that will benefit both companies and consumers.
In conclusion, while achieving MiCA compliance may be a challenging and resource-intensive process, it is a necessary step towards building a sustainable and trustworthy cryptocurrency market. Companies like Gemini are leading the way in this effort, and their commitment to compliance is a positive sign for the future of the industry.
Bitcoin DeFi takes center stage
The Bitcoin ecosystem is constantly evolving and expanding, with new projects and innovations emerging every day. This wave of progress is bringing a whole new level of utility to the world’s leading cryptocurrency, making it more accessible and useful than ever before.
One of the most exciting developments in the Bitcoin ecosystem is the rise of decentralized finance (DeFi). This innovative concept allows users to access financial services without the need for intermediaries, such as banks or brokers. Instead, DeFi platforms use smart contracts to automate transactions and provide a more efficient and transparent financial system. This not only empowers individuals to have more control over their finances, but it also opens up new opportunities for investment and lending within the Bitcoin ecosystem.
Another area of growth in the Bitcoin ecosystem is the integration of the Lightning Network. This second-layer solution allows for faster and cheaper transactions on the Bitcoin network, making it more practical for everyday use. With the Lightning Network, users can make micropayments and conduct transactions in real-time, making Bitcoin a viable option for daily transactions.
In addition to these developments, there has been a surge in the adoption of Bitcoin by major companies and institutions. This not only adds legitimacy to the cryptocurrency but also increases its utility as a means of payment and store of value. Companies like Tesla, PayPal, and Square have all invested in Bitcoin, and more are expected to follow suit in the future.
Furthermore, the growing popularity of Bitcoin has led to the creation of new products and services that cater to its users. From Bitcoin debit cards to peer-to-peer lending platforms, these offerings provide more ways for individuals to use and benefit from their Bitcoin holdings.
Overall, the Bitcoin ecosystem is experiencing a wave of progress and innovation, bringing increased utility and accessibility to the cryptocurrency. With the continued development of DeFi, the Lightning Network, and the adoption by major players, Bitcoin is becoming more than just a speculative asset, but a practical and valuable tool for individuals and businesses alike.
Crypto liquidations hit $1B over 24 hours as Bitcoin plummets
In the world of cryptocurrency, the market is known for its volatility and unpredictable nature. This was once again evident as Bitcoin, the leading digital currency, experienced a sharp drop in its value, causing panic among traders and investors. In just 24 hours, over 400,000 traders were liquidated, resulting in significant losses for many.
The sudden drop in Bitcoin’s price can be attributed to various factors, including the recent news of Tesla halting its acceptance of the digital currency as a form of payment. This decision by the electric car company, which was once seen as a major endorsement for Bitcoin, has raised concerns about the currency’s mainstream adoption and its potential impact on the environment.
As a result, Bitcoin’s value plummeted below $100,000, causing a ripple effect in the entire cryptocurrency market. Many traders who had invested in Bitcoin and other digital currencies saw their profits disappear in a matter of hours. This has once again highlighted the risks involved in trading in the volatile crypto market.
While some experts believe that this drop in Bitcoin’s value is just a temporary setback, others are more cautious and warn of a potential bear market. The recent events have also reignited the debate about the sustainability of cryptocurrencies and their impact on the environment. As more and more companies and individuals turn to digital currencies, the need for sustainable and eco-friendly solutions becomes even more crucial.
Despite the recent dip in Bitcoin’s value, many traders and investors remain optimistic about the future of cryptocurrencies. They see this as an opportunity to buy at a lower price and potentially reap higher profits in the long run. However, it is essential to remember that the crypto market is highly volatile, and it is crucial to approach it with caution and proper risk management strategies.
In conclusion, the recent drop in Bitcoin’s value has once again reminded us of the unpredictable nature of the cryptocurrency market. While it may be a cause for concern for some, others see it as an opportunity for growth and potential profits. As the market continues to evolve, it is crucial to stay informed and make well-informed decisions when it comes to trading in digital currencies.
Ross Ulbricht's odds of being pardoned by Trump rise to 79% on Kalshi
In a surprising turn of events, the infamous Silk Road founder, Ross Ulbricht, expressed his gratitude towards those who voted for President Trump on his behalf in a November 2024 X post. The post, which has since been deleted, featured a photo of Ulbricht with a caption that read, “Immense gratitude to everyone who voted for President Trump on my behalf.”
For those unfamiliar with the name, Ross Ulbricht was the mastermind behind the dark web marketplace, Silk Road, which operated from 2011 to 2013. The site was notorious for its illegal activities, including the sale of drugs, weapons, and other illicit goods. Ulbricht was eventually arrested and sentenced to life in prison without the possibility of parole.
So why would Ulbricht, a convicted criminal, be thanking Trump supporters for their votes? It turns out that during his time in prison, Ulbricht has become a vocal supporter of President Trump and his policies. In fact, he even started a petition for a presidential pardon, which has gained over 300,000 signatures.
While it may seem unlikely that a president would pardon a convicted criminal, Trump has been known to grant pardons and commutations to individuals who have received support from his base. And with Ulbricht’s newfound support for the president, it’s not entirely out of the realm of possibility.
But beyond the potential for a pardon, Ulbricht’s post raises questions about the influence of prisoners on the political landscape. With access to social media and the ability to communicate with the outside world, inmates like Ulbricht have the power to sway public opinion and potentially even impact elections.
Only time will tell if Ulbricht’s support for Trump will have any real impact, but one thing is for sure: the Silk Road founder’s post has certainly sparked a conversation about the intersection of politics and the prison system.
TRUMP targets $100B market cap as Arthur Hayes calls on 'degens' to celebrate
As the world eagerly awaits the inauguration of President-elect Donald Trump on January 20th, there is one thing that seems to be on everyone’s mind – the price of TRUMP memecoin. This unique cryptocurrency, which features the face of the controversial businessman-turned-politician, has been making waves in the digital currency world with its skyrocketing value.
According to BitMEX cofounder, Arthur Hayes, the price of TRUMP memecoin could reach a staggering $100 by the time Trump takes office. This prediction has caused a stir among investors and cryptocurrency enthusiasts, with many wondering if this meme-inspired coin could actually reach such a high value.
But what exactly is TRUMP memecoin and why is it gaining so much attention? Well, for starters, it is a digital currency that is based on the popular internet meme of Donald Trump. The coin was created as a joke, but has quickly gained a cult following and has seen a surge in value in recent months.
Some experts believe that the rise in value of TRUMP memecoin is due to the uncertainty surrounding Trump’s presidency and the potential impact it could have on the economy. Others see it as a way to make a quick profit, as the coin’s value has been known to fluctuate drastically.
But regardless of the reasons behind its success, one thing is for sure – TRUMP memecoin has captured the attention of the world and is showing no signs of slowing down. With its unique concept and growing popularity, it is no surprise that many are keeping a close eye on its price and eagerly anticipating the inauguration to see if Hayes’ prediction will come true.
So, will TRUMP memecoin reach $100 by January 20th? Only time will tell. But one thing is certain, this meme-inspired cryptocurrency has certainly made its mark in the digital currency world and is a force to be reckoned with.
BTC’s ‘reasonable’ $180K target, NFTs plunge in 2024, and more: Hodler’s Digest Jan 12 – 18
As the cryptocurrency market continues to experience volatility, traders and investors are constantly looking for insights and predictions to guide their decisions. And in the latest edition of Hodler’s Digest, we have some interesting updates and forecasts to share.
Firstly, let’s talk about Bitcoin. Despite its recent dip in value, one trader believes that the leading cryptocurrency still has a bright future ahead. In fact, they have maintained their bold prediction of a $180,000 price target for Bitcoin. This may seem like a lofty goal, but with Bitcoin’s history of breaking records and defying expectations, it’s not entirely out of the realm of possibility.
But while Bitcoin may be on track for success, the same cannot be said for NFTs. Non-fungible tokens, or NFTs, took the world by storm in 2020, with record-breaking sales and widespread adoption. However, 2024 is shaping up to be a rough year for NFTs, with the market experiencing its worst performance since 2020. This could be due to a variety of factors, including oversaturation and a lack of innovation in the space.
Despite this setback, many experts believe that NFTs still have a promising future, especially in industries such as art, gaming, and collectibles. As with any emerging technology, there are bound to be ups and downs, but the potential for NFTs to revolutionize various industries remains strong.
In conclusion, while Bitcoin’s $180,000 price target remains a possibility, the NFT market may need some time to recover and find its footing. As always, it’s important for traders and investors to stay informed and keep a close eye on market trends and developments. And with Hodler’s Digest providing regular updates and insights, you can stay ahead of the game in the ever-evolving world of cryptocurrency.