Donald Trumps Solana-based meme coin, $TRUMP, surged 16,430% after its launch, attracting new users to the cryptocurrency market while raising concerns about the industrys long-term direction. According to CoinTelegraph on January 19, $TRUMP meme coin gained significant attention from the crypto community, rising to $27.50 after its January 17 debut. The surge coincided with Trumps upcoming inauguration on January 20, sparking optimism that cryptocurrency could become a national priority during his presidency. Swyftx Chief Analyst Pav Hundal described $TRUMPs successful launch as a positive...

In the past 24 hours, leveraged cryptocurrency positions worth $983.58 million have been liquidated. As of 8:05 a.m. on the 20th, data from CoinGlass shows that 342,761 traders experienced liquidations totaling $983.58 million across the cryptocurrency market. Of this, $733.71 million (75%) were long positions, while $249.87 million were short positions. Over a 12-hour period, liquidations amounted to $597.78 million, with long positions accounting for 78%. In the last four hours, $410.88 million worth of positions were liquidated, of which 88% were long positions. Ethereum positions...

Donald Trumps official meme coin launch has sparked a speculative frenzy in the Solana ecosystem. On January 17, Donald Trump announced the Solana-based TRUMP token as his official meme coin, causing significant price surges across major Solana-based tokens over the weekend. Solana (SOL) broke past the $290 mark on January 19, setting a new all-time high. Daily trading volumes soared from $3 billion last week to $32.2 billion, driven by increased demand and positive market sentiment stemming from Solanas selection as the blockchain for the TRUMP token. Key Solana ecosystem players, including...

MicroStrategy, the largest institutional holder of Bitcoin, has hinted at another Bitcoin acquisition, continuing its aggressive investment strategy. On January 19, MicroStrategy founder and executive chairman Michael Saylor shared the companys Bitcoin holdings data on X (formerly Twitter), accompanied by the cryptic message, Tomorrow will be different. Saylor has consistently posted similar messages before announcing major Bitcoin purchases, a pattern repeated over the past 11 weeks. Most recently, on January 13, the company acquired 2,530 BTC for $243 million, bringing its total...

Donald Trumps launch of the TRUMP meme coin has spiked cryptocurrency-related searches, while insider trading allegations surface. Meanwhile, the U.S. Securities and Exchange Commission (SEC) has sued Nova Labs for unregistered securities sales. TRUMP Meme Coin Drives Crypto Search Volumes Following the release of Donald Trumps TRUMP meme coin, searches for cryptocurrency terms like buy crypto and buy Solana reached peak popularity on Google Trends, achieving a score of 100 on January 19. While some market participants see the launch as a sign of renewed interest in the crypto industry,...

Donald Trumps upcoming inauguration as the 47th president of the United States is unlikely to significantly impact major cryptocurrency prices, as much of the optimism surrounding his pro-crypto stance appears to have already been priced into the market. Analysts predict that the event will pass without major price movements for Bitcoin, Solana, XRP, and other leading digital assets. Cryptocurrencies have rallied substantially since Trumps victory on November 5. Bitcoin, Solana, and XRP all posted double-digit gains, driven in part by expectations of a friendlier regulatory environment under...

SEC Charges DCG and Former Genesis CEO The U.S. Securities and Exchange Commission (SEC) has charged Digital Currency Group (DCG) and former Genesis CEO Soichiro Michael Moro with misleading investors about Genesis financial health after the collapse of Three Arrows Capital (3AC). DCG and Moro agreed to pay civil penalties of $38 million and $500,000, respectively, without admitting or denying the allegations. Bitcoin DeFi TVL Surges 2000% in 2024 Bitcoin-based decentralized finance (DeFi) experienced explosive growth in 2024. Total value locked (TVL) in Bitcoin DeFi rose from $307 million in...

The U.S. Securities and Exchange Commission (SEC) has charged Digital Currency Group (DCG) and former Genesis CEO Soichiro Michael Moro with misleading investors about Genesis financial condition following the collapse of Three Arrows Capital (3AC). According to CoinTelegraph on January 18, the SEC imposed civil penalties totaling $38.5 million, with DCG fined $38 million and Moro fined $500,000. Both parties accepted the penalties without admitting or denying the allegations of securities law violations. Background of the Case The charges stem from events following Genesis bankruptcy filing...

Ethereum (ETH) futures open interest has surged to an all-time high of 9 million ETH as of January 17, fueled by strong institutional demand and rising bullish sentiment, raising the possibility of Ethereum testing $4,000 in the near future. According to CoinTelegraph on January 18, ETH futures open interest increased by 10% over the past two weeks, reaching unprecedented levels. This growth persisted even after Ethereum retested the $3,000 support level on January 13, reflecting sustained interest in leveraged positions. However, traders remain divided on whether this signals a bullish trend...

Despite Bitcoins (BTC) bull run in 2024, blockchain venture capital (VC) investments did not see a proportional increase, signaling a shift in institutional investment strategies for the cryptocurrency and blockchain startup ecosystem. According to a CoinTelegraph report on January 18, a January 16 study by Insights For VC revealed a weakening correlation between Bitcoin prices and VC funding since 2023. Despite Bitcoin gaining over 100% in 2024 and reaching new all-time highs, blockchain-related VC activity lagged behind. VC Investment Trends in 2024 In 2024, blockchain-related VC...