Trump invests, crypto waits for its time 🚀
Welcome to the Daily Tribune on Tuesday, January 21, 2025 ☕️
Happy New Year to Cointribu! 🚀
Today is Tuesday, January 21, 2025, and just like every day from Tuesday to Saturday, we summarize the news from the last 24 hours that you shouldn’t miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Partially sunny 🌤️
24h crypto recap! ⏱
🌟Inauguration of Donald Trump: The crypto industry at a historic turning point
Donald Trump was inaugurated yesterday, January 20, 2025, as the 47th president of the United States. Before his inauguration, Trump made ambitious promises: to transform the United States into a crypto paradise, to create a national Bitcoin reserve, and to remove Gary Gensler from the SEC. However, there was no mention of cryptocurrencies during his inauguration speech, disappointing those who were hoping for concrete announcements.
Expectations remain high as the crypto community watches for the next steps of this administration.
🔗 Read the full article here
🚀 World Liberty Financial invests in crypto ENS domains related to the Trump family
World Liberty Financial, a platform supported by Donald Trump, recently acquired strategic Ethereum Name Service (ENS) domain names such as barrontrump.eth and trumpcoin.eth. These acquisitions aim to establish a strong digital identity for the Trump family in the blockchain universe.
These initiatives show a clear willingness of the Trump family to become key players in the crypto ecosystem. Strategic opportunity and marketing operation? The crypto sphere is questioning the lasting impact of these moves.
🔗 Read the full article here
📈 The memecoin TRUMP boosts Google searches on Solana and cryptos
The launch of the memecoin TRUMP, supported by elected president Donald Trump, has sparked a frenzy on search engines, propelling phrases like "buy Solana" to record levels on Google Trends. Created on the Solana blockchain, the memecoin immediately grabbed attention with a market cap of 67 billion dollars in just a few hours, consolidating Solana as a preferred platform due to its low fees and fast execution.
Even though the crypto underwent a correction afterward, it still enhanced Solana's notoriety, whose native token SOL reached a peak of 270 dollars before falling right after.
🔗 Read the full article here
⚖️ Elon Musk's DOGE already under legal spotlight
The Department of Government Efficiency (DOGE), created in November 2024 by Donald Trump and led by Elon Musk, faces an imminent lawsuit for non-compliance with federal transparency rules. A law firm, National Security Counselors, alleges violations of the 1972 FACA law, which mandates public meetings of executive committees and strict adherence to management processes.
If the lawsuit succeeds, the department could be forced to thoroughly review its practices and compromise its mission, which is set to conclude in 2026. This legal challenge adds to other accusations already brought against Elon Musk.
🔗 Read the full article here
The crypto of the day: OFFICIAL TRUMP (TRUMP)
OFFICIAL TRUMP is a memecoin launched on the Solana blockchain, known for its low transaction fees and high speed. This token aims to leverage Donald Trump's political influence to gather a community around its digital identity.
Primarily distributed via centralized exchanges like Binance and Gate.io, this token offers holders speculative opportunities and symbolic participation in a crypto-political movement. Benefits include significant liquidity and rapid profit potential, although its highly speculative nature carries high risks. Primarily used for trading, it also serves as a catalyst to promote the Solana ecosystem.
Recent performances
Current price: 37.94 €
Variation (24h): -31.12 %
Market capitalization: 7.58 billion €
Rank on CoinMarketCap: 28
Bitcoin marks an ATH before a sharp correction
Bitcoin marked a historic milestone by reaching 109,036 dollars, driven by bullish momentum supported by Trump's imminent inauguration and a wave of optimism in the crypto sphere.
This record was fueled by macroeconomic factors, including the weakening of fiat currencies and the growing interest from institutions in digital assets. However, this peak quickly gave way to a notable correction, with BTC plunging to 100,142 dollars before rebounding above 102,000 dollars.
The catalytic effect of Trump's inauguration cannot be ignored. With promises like the creation of a national Bitcoin reserve and a pro-crypto policy, the newly re-elected president strengthened the perception of Bitcoin as a legitimate asset. These announcements, combined with the launch of his memecoin TRUMP, attracted a new wave of investors, increasing liquidity and visibility of the crypto ecosystem. Nevertheless, the absence of clear regulations and the risks of excessive speculation maintain a climate of uncertainty, amplifying market movements.
Despite this temporary pullback, interest in Bitcoin remains strong, especially with favorable prospects for American economic policies towards cryptocurrencies. Bitcoin's ability to bounce back beyond 102,000 dollars demonstrates its resilience against selling pressure. As traders and investors await concrete signals from Trump's policies, the market remains attentive to economic indicators and financial institutions' decisions to determine whether this record marks a new bullish phase or prolonged consolidation.
