PA Daily | ZachXBT complained about helping the US government recover US$20 million but received no return; WLFI bought 6 tokens including ETH, WBTC, and AAVE
Reprinted from panewslab
01/21/2025·3MToday’s news tips:
ZachXBT said it helped the U.S. government recover $20 million in funds, but received no return
MetaMask Lianchuang’s Farcaster account was stolen and used to promote meme coins
Trump has taken over the @POTUS account and retweeted the White House’s tweet “America is BACK”
Trump ends speech without mentioning cryptocurrency
Gnosis Lianchuang: Ethereum should give priority to transaction capabilities and application needs
Regulation/Macro
ZachXBT said it helped the U.S. government recover $20 million in funds, but received no return
Well-known blockchain investigator ZachXBT revealed on social media that although he has made a lot of contributions in the encryption field, he has not been able to obtain financial returns from it. He mentioned that earlier this year he led the recovery of US$12 million in funds related to the Caesar ransomware incident in September 2023, and assisted the US government in recovering US$20 million previously stolen by hackers, but neither received any reward. In this regard, community member Polycarpus.eth consoled himself by saying that ZachXBT, as the "moral compass" of the industry, will definitely reap irreplaceable rewards in the future. ZachXBT responded that he was "exhausted" and admitted that his lack of business acumen was his biggest regret.
"US President Trump announced the launch of meme currency POWER" is false news
U.S. President Trump announced on the Opportunity for Values.” This news is fake news and is not Trump’s official Twitter.
Trump orders attorney general not to take action against TikTok for 75 days
According to the Golden Ten report, US President Trump ordered the Attorney General not to take action against TikTok within 75 days.
Mark Cuban considers creating meme coin, sales proceeds will go to U.S. Treasury
Billionaire Entrepreneur and Cryptocurrency Advocate Mark Cuban said on the All proceeds from token sales will go directly to the U.S. Treasury and wallet addresses will be made public so everyone can track the flow of funds. If you want to take a gamble, then at least use the money. Do your part to reduce America’s debt.”
Utah lawmaker proposes strategic Bitcoin reserve legislation
According to Bitcoin Magazine, U.S. Representative Jordan Teuscher of Utah proposed strategic Bitcoin reserve legislation.
MetaMask Lianchuang’s Farcaster account was stolen and used to promote meme coins
MetaMask said on the X issued a reminder that the Farcaster account of MetaMask Lianchuang was stolen, and a meme was released; this meme has been rogue, and the initial funds of the creator's address should have come from a currency mixing platform, and has made a profit of more than 1,000 SOLs.
Trump has taken over the @POTUS account and retweeted the White House’s tweet “America is BACK”
After Trump was sworn in as the 47th President of the United States, he took over the @POTUS account and retweeted a tweet issued by the White House announcing "Donald J. Trump Sworn In as the 47th President of the United States. America is BACK." It is reported that @POTUS is the official account of successive US presidents, and the name and content will be updated after the new president takes office.
According to Businessinsider, three lawsuits against the Department of Government Effectiveness (DOGE) led by Elon Musk were filed in federal court immediately after U.S. President Trump was sworn in. The lawsuit accuses DOGE of violating the Federal Advisory Committee Act (FACA) of 1972 by failing to meet transparency requirements such as open meetings, balanced perspectives, and recordkeeping. The first lawsuit, filed by left-wing legal group Democracy Forward, called DOGE a "shadow agency" dominated by "unelected billionaires" that could make decisions affecting millions of Americans without transparency and oversight. The second lawsuit, filed by National Security Counselors, focuses on DOGE's establishment and operating procedures, arguing that it failed to comply with the advisory committee's legal requirements. The lawsuit also alleges that DOGE’s membership, which is dominated by technology industry executives, lacks diversity and balance. The third lawsuit, filed jointly by Public Citizen, the State Democracy Defenders Fund and the American Federation of Government Employees, said DOGE members failed to represent the interests of ordinary Americans. The three parties had previously applied to the Trump transition team for representation in DOGE, but received no response. Although Musk has previously stated that all DOGE actions will be made public online to ensure transparency, the lawsuit alleges that a large amount of communication is conducted through the encrypted application Signal and lacks openness. Litigation attorney McClanahan said DOGE may have made short-sighted decisions due to a lack of perspective from federal workers, emphasizing that "government work is different from business operations." At present, Musk, Trump and relevant representatives have not responded to this.
Trump ends speech without mentioning cryptocurrency
Trump ended his speech without mentioning cryptocurrency.
U.S. President-elect Trump has said that foreign countries will impose tariffs and taxes to benefit U.S. citizens, rather than taxing their own citizens to make other countries rich. He planned to create the external Revenue Service, which would collect all duties and taxes to attract foreign service dollars to the U.S. treasury. He emphasized that this will promote the rapid recovery of the "American Dream" and achieve economic prosperity at an unprecedented speed. In addition, Trump said that the focus in the future is to defeat America's enemies while avoiding war, and the United States does not want to be involved in war. Trump also proposed a number of policies, including rolling back measures taken over excessive tolls on U.S. ships in the Panama Canal and announcing that the Gulf of Mexico would be renamed the Gulf of America. Furthermore, he made it clear that, starting today, official U.S. government policy will recognize only two genders: male and female.
Market News: Republican Lawmakers’ Document Does Not Mention Cryptocurrency as a Priority
According to Punchbowl, a document released by Republican lawmakers did not list cryptocurrency as a current priority.
Trump is officially sworn in as the 47th President of the United States
US President-elect Trump was sworn in and officially became the 47th President of the United States.
Financing/Acquisition
According to The Block, EVAA Protocol, the TON ecological DeFi lending platform, completed US$2.5 million in private financing, with participation from Polymorphic, TON Ventures, Animoca Ventures, CMT Digital, Mythos Ventures, Wagmi Ventures and multiple angel investors. According to reports, EVAA Protocol provides lending, borrowing, short selling, leveraged staking and other DeFi services for the TON network. The platform aims to use the new financing to launch native token EVAA, with the overall goal of expanding TON’s DeFi landscape.
RWA tokenization protocol Hamilton completes $1.7 million in Pre-Seed round of financing
Newsini reported that Hamilton, the RWA tokenization protocol, completed a $1.7 million Pre-Seed round of financing. The transaction was led by DisrupTech Ventures, and participants included CMS, DeSpread, Hyperithm, Core Ventures and other strategic investors. According to reports, Hamilton is a protocol that introduces tokenized assets into Bitcoin and is committed to combining traditional financial instruments with the security and transparency of Bitcoin. Hamilton will launch three flagship products: HUSD, a Bitcoin-native stablecoin backed by U.S. bonds; HUST, a tokenized U.S. Treasury bond; and Publius, a platform that empowers financial institutions to tokenize any asset.
Project news
Bithumb will list TRUMP Korean Won trading pair
South Korean exchange Bithumb announced that it will list TRUMP tokens at 19:00 local time on January 21 to support the Korean won trading market.
A counterfeit Barron Trump token briefly reached a market value of $72.78 million, but then plummeted by more than 99% within 1 minute. The issuer of the token has been accused of being a scammer, and the relevant X (Twitter) account @TrumpwBarron has been frozen.
Linea: Found 476,000 Witch attack addresses and will not airdrop them
Linea, a Layer 2 network owned by ConsenSys, stated on the X platform that Linea has cooperated with Nansen to conduct additional Sybil analysis on LXP holders. The latest review found 476,000 addresses showing strong signals of witch activity. These addresses will be added to the existing Sybil block list and will not receive LXP airdrop allocations. If users find that they have been incorrectly tagged, please submit an appeal via the feedback form within the next two weeks.
Coinbase International Station will launch Trump (TRUMP) perpetual contract
Coinbase International Station announced on the Open on or after January 21, 6:30 (Beijing time). Update: Coinbase International announced that the TRUMP-PERP market is open.
Coinbase will list Official Trump (TRUMP) token
Coinbase Assets announced on the X platform that Coinbase will add support for Official Trump (TRUMP) on the Solana network. Do not send this asset over other networks or you may risk losing your funds. Coinbase will add support for TRUMP using the “Experimental” label. Trading on the TRUMP-USD trading pair will be launched in phases once there is sufficient supply of the asset. Trading hours will be announced separately when liquidity conditions are met. Be aware that some users may experience significant delays in sending and receiving on Coinbase's Solana network. As a result, sending, receiving, and withdrawing/depositing TRUMP tokens on Coinbase may be affected.
point of view
Gnosis Lianchuang: Ethereum should give priority to transaction capabilities and application needs
Martin Köppelmann, co-founder and CEO of Gnosis, wrote that the core problem faced by Ethereum in recent years lies in the differences in development direction: on the one hand, it is the concept that "ETH is currency", which believes that transaction capacity and fees are irrelevant, and the focus is on "currency". premium"; the other is to position Ethereum as the "world computer/settlement layer", focusing primarily on transaction capacity (including L1 expansion) and total fees as measures of success. He believes that if Ethereum can use this as an opportunity to prioritize transaction capabilities and the needs of application developers, it will be an important victory.
Matrixport said that Bitcoin prices have been in a gradually narrowing wedge range since mid-November last year, affected by multiple factors, including higher-than-expected inflation data and the Federal Reserve's hawkish stance suppressing market sentiment, as well as the market's response to Trump Optimistic expectations that the president may establish a “strategic Bitcoin reserve” provide support. Trump’s inauguration served as a catalyst for Bitcoin’s upward breakout, and Bitcoin price is currently retesting the breakout level, which coincides with the upper boundary of the wedge. If Bitcoin can hold on to this key support level, it will still have significant upside potential in the short term, and market bullish expectations will be further enhanced.
Guggenheim chief investment officer predicts: Fed may cut interest rates every quarter in 2025
According to a report from Golden Ten, Guggenheim’s chief investment officer predicted on Monday that the Federal Reserve may cut interest rates every quarter in 2025. The rate cut this year will be about 75 basis points, and may even reach one percentage point. Anne Walsh, chief investment officer of Guggenheim, said at the start of the World Economic Forum's annual meeting in Davos that the Fed will continue to cut interest rates, albeit at a slower pace than expected. Walsh said the tariffs Trump is expected to impose may not be as harsh as most expect, as long as the dollar remains strong as a reserve currency and the United States continues to attract capital. Walsh expects tariff increases to average less than 10% and be more targeted. Walsh said there is some uncertainty about Trump's policies and the actual implementation of the policies by the new administration, and there is also a risk that the U.S. economy will slow down more than currently forecast. "It's like a ping-pong game ... between politics and policy, it's going to create a lot of volatility in our investment thesis this year."
Bybit Lianchuang: Bitcoin price is expected to rise to US$175,000 to US$250,000 in 2025
Ben Zhou, co-founder and CEO of Bybit, commented on "Trump was sworn in as the 47th President of the United States": We are happy to see that the market's attitude towards cryptocurrency is becoming more friendly and its application scenarios are expanding; US President Trump and First Lady Melania’s recent meme coin launch sets a strong precedent for the future; as President Trump enters his second term, the market will be set for Web3, decentralized finance, and blockchain Be prepared for accelerated growth. The craze for TRUMP coins has reflected the market's growing demand for on-chain transactions and highlighted the general trend of the market entering the Web3 era. The cryptocurrency market is moving into a friendlier regulatory environment. This change has given a boost to the market, making the market more confident and more accepting of digital assets. It is believed that institutional investment will also maintain rapid growth. In the coming months, clearer regulatory guidelines and the soon-to-be-established Cryptocurrency Advisory Committee will provide more support to the industry and accelerate the emergence of cryptocurrencies as real assets used in daily life. The world is gradually adapting to market changes, and we expect Europe, the United Arab Emirates, Asia Pacific, Singapore and Hong Kong to accelerate the development of their cryptocurrencies. As the policy becomes clearer and investor confidence increases significantly, Bybit predicts that the price of Bitcoin is expected to rise to US$175,000 to US$250,000 in 2025.
Bitcoin Magazine CEO: Trump’s first 200 executive orders will include cryptocurrencies
David Bailey, CEO of Bitcoin Magazine, said on the But there’s good news.”
Arthur Hayes says he doesn’t think Trump will start building a Bitcoin reserve
According to CoinDesk, BitMex co-founder and former CEO Arthur Hayes said: “I don’t think Trump will embark on building a Bitcoin reserve. At the end of the day, I don’t know what the use is of borrowing money to buy Bitcoin on any of Trump’s platforms.” He said: “Before destroying the bond market , you have so much borrowing power, would you lend money to buy Bitcoin? Provide healthcare for the elderly, or build more bombs so the defense lobby likes you? You can borrow money to buy a lot of different things. I just don't think he's going to spend it on Bitcoin though. Coins are important, but there are many other stakeholders who want borrowed money to go into their pockets.” Regarding implementing Bitcoin reserves, Hayes said “I hope I’m wrong.” But he noted that the limited time before the midterm elections could limit the ability to implement major policy changes and that there are plenty of other things to allocate time and budget to.
Musk: Silk Road founder Ross Ulbricht will be released
Musk said on the X platform that Silk Road founder Ross Ulbricht will be released due to a pardon from the US president.
important data
According to @ai_9684xtpa monitoring, a giant whale bought 7,000 SOL ZACHXBT, worth approximately US$1.65 million, accounting for 4.1% of the circulating chips. The cost price of this giant whale is US$0.04043, and its single large purchase directly pushed the currency price up by 35% in a short period of time. Currently, this transaction has brought floating income of approximately US$620,000. According to previous news, the price of ZACHXBT exceeded US$0.06, and its market value has exceeded US$60 million.
TRUMP fell by more than 40% in 24 hours, and MELANIA fell by more than 63% in 24 hours.
gmgn data shows that the price of TRUMP, Trump’s personal meme currency, is currently at $35.5, a 24-hour drop of 40.1%. The price of Melania Trump’s personal meme coin MELANIA is currently at $4.21, a 24-hour drop of 63.1%. In addition, Coinglass data shows that in the past 24 hours, the total liquidation amount of TRUMP reached US$51.3048 million, and the total liquidation amount of MELANIA reached US$18.4548 million.
According to Lookonchain monitoring, in the past 7 days, the stablecoins (USDT & USDC) on the Solana chain have increased by US$3.13 billion, and the stablecoins (USDT&USDC) on the Ethereum chain have increased by US$652 million.
According to on-chain analyst Ember Monitoring, World Liberty Financial (WLFI), a DeFi project backed by the Trump family, spent a total of $112.8 million in the past 11 hours to purchase 6 ETH, WBTC, AAVE, LINK, TRX, ENA, etc. kind of token. Among them, ETH and WBTC purchased 47 million U.S. dollars each; AAVE, LINK, TRX, and ENA purchased 4.7 million U.S. dollars each (the values are all 47 to celebrate Trump's inauguration as the 47th president). The difference with this purchase is that WLFI did not continue to purchase ONDO, but added a new purchase of TRX. Now, WLFI has spent a total of US$220 million in funds to purchase 7 tokens, with a total floating loss of US$9.4 million. In addition, Arkham data shows that ETH has become the largest token held by the Trump family’s encryption project WLFI. The current holdings have reached 56,774, worth US$185.63 million, accounting for nearly 57% of WLFI’s total on-chain holding value of US$326,150,368.04. %.
The Ethereum Foundation transfers 50,000 ETH to a new wallet address dedicated to supporting DeFi
The Ethereum Foundation has announced the establishment of a wallet address to begin participating in decentralized finance (DeFi), The Block reports, confirming Vitalik Buterin’s recent statement that the non-profit organization will continue to undergo organizational changes. The organization plans to inject approximately $150 million worth of ETH into the wallet, but noted that it may take several days to set up. Hsiao-Wei Wang, who was recently appointed to a leadership role at the foundation, posted on , but please be patient; due to signing delays, this will take a few days to process and the Ethereum Foundation will use this new wallet to participate in the DeFi ecosystem.”
jinse