NewsBriefs - World Liberty Financial reports boost in token sales after Trump memecoin launches
01/20/2025 11:44
World Liberty Financial experienced a significant increase in governance token sales, totaling $254 million, following the launch of memecoi...
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World Liberty Financial reports boost in token sales after Trump memecoin launches
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.
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World Liberty Financial reports boost in token sales after Trump memecoin launches
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.
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Robinhood lists TRUMP meme token
Robinhood has listed the TRUMP meme token, which recently experienced a major decline in value, losing over 40% and erasing $6 billion in market value after competition from Melania Trump's MELANIA coin. Despite the sharp drop, TRUMP's price partially recovered, reflecting a 68% increase over the past 24 hours, although it fell from the top two meme coins, surpassed by Shiba Inu.
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Apple and Google remove TikTok from US app stores following Supreme Court ruling
Following a unanimous Supreme Court decision that upheld the Protecting Americans from Foreign Adversary Controlled Applications Act, Apple and Google removed TikTok from their app stores, making the app unavailable for download and use in the US. This removal is a compliance step following a new regulation requiring ByteDance to either divest TikTok or face a ban in the US.
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Binance to list OFFICIAL TRUMP token with a seed tag
Binance will list OFFICIAL TRUMP (TRUMP) with trading pairs TRUMP/USDC and TRUMP/USDT starting January 19, 2025. Deposits will begin two hours before trading, with withdrawals opening the following day. The token is marked with a 'seed tag,' indicating higher volatility and risk, and traders must pass quizzes every 90 days to trade it.
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Coinbase adds Official Trump ($TRUMP) to its listing roadmap
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.
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Binance will list TRUMP meme coin on futures market
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.
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Swiss Bitcoin advocates seek national vote to include crypto in central bank reserves
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.
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Bybit to list TRUMPUSDT token for perpetual pre-market trading
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.
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Pro-crypto Vivek Ramaswamy to announce bid for Ohio governor
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.
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IRS Commissioner Danny Werfel to resign upon Trump's inauguration
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.
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MARA Holdings hashes portrait of Trump on Bitcoin blockchain to commemorate inauguration
MARA Holdings, a Nasdaq-traded Bitcoin mining company, has embedded a portrait of Donald Trump, the incoming 47th president of the US, onto the Bitcoin blockchain at block 879613. This move coincides with Trump's upcoming presidency, during which he plans to prioritize crypto regulation and support for the mining industry in the US. MARA also gained significant profit by mining this block, demonstrating the continued growth of cryptocurrency activities in the context of political developments.
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Supreme Court upholds law threatening TikTok ban over national security concerns
The Supreme Court upheld a law requiring ByteDance to divest TikTok by Jan 19 or face a US ban, citing national security risks from Chinese control over the app. The decision leaves an uncertain future for TikTok and its 170 million US users, with potential changes pending from the incoming Trump administration. The ruling emphasizes national security over free speech rights associated with TikTok's operational dynamics.
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Chinese state-sponsored actors hack US Treasury Secretary Janet Yellen's computer, access unclassified files
US Treasury Secretary Janet Yellen's computer was hacked by Chinese state-sponsored hackers, with fewer than 50 unclassified files accessed. The breach, part of a larger espionage campaign, also affected two deputy secretaries and targeted the Treasury's unclassified systems, focusing on its role in sanctions, intelligence, and international affairs. Over 400 devices and more than 3,000 files across unclassified personal devices were compromised in the attack.
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Phantom wallet secures $150 million in Series C funding led by Sequoia Capital and Paradigm
Phantom Wallet has successfully raised $150 million in a Series C funding round at a valuation of $3 billion, led by Sequoia Capital and Paradigm. The funding round also included significant contributions from a16z and Variant. Phantom's CEO highlighted the wallet's growing popularity as a sign of shifting user preference towards self-custody crypto platforms over centralized exchanges like Coinbase. The company also reported having 15 million monthly active users and $25 billion in self-custody assets. Phantom aims to use these funds to expand its influence and foster greater crypto adoption globally.
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Phantom Wallet secures $150 million in Series C funding, reaches $3 billion valuation
Phantom Wallet successfully raised $150 million in a Series C funding round led by Sequoia Capital and Paradigm, reaching a valuation of $3 billion. The round also included notable investors a16z and Variant. Phantom attributes its success to a growing preference for crypto transactions through digital wallets over traditional exchanges like Coinbase. The company reported 15 million monthly active users and $25 billion in self-custody assets. Phantom Wallet aims to expand crypto adoption and become the leading consumer finance platform, bolstered by its dominance as a Solana-based wallet.
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