Weekly Report | Trump’s wife Melania Trump announced the launch of her personal Meme coin $MELANIA; U.S. SEC Chairman Gary Gensler officially resigned, and Mark Uyeda became acting chairman
Reprinted from chaincatcher
01/26/2025·3MOrganized by: Luan Peng, ChainCatcher
"What important events happened this week (1.20-1.26)"
1.Trump’s wife Melania Trump announced the launch of her personal Meme coin $MELANIA
Trump’s wife announced on her personal Twitter account that she would launch a personal meme currency, $MELANIA. Users need to visit the website with the domain name “Melaniameme.com” to obtain the meme. Subsequently, Trump’s truth social account forwarded it Posted on Melania Trump’s Memecoin.
2.Curve founder: The lock-up period for all veCRV positions has been extended to 4 years
Curve founder Michael Egorov stated on the X platform that he has extended the lock-up period of all veCRV holdings to 4 years to demonstrate confidence in the long-term development of the project. He also disclosed a specific transaction record for extending the lock-up.
3.Biden welcomes Trump to the White House
According to King Ten, Biden welcomed Trump to the White House.
Ethereum Foundation staff hww.eth (@icebearhww) posted on social media that the Ethereum Foundation has established a new 3-of-5 multi-signature wallet and injected 50,000 ETH. The Ethereum Foundation This new wallet will be used to participate in the DeFi ecosystem and has already conducted test trading activities on Aave.
5.U.S. SEC Chairman Gary Gensler officially resigned, and Mark Uyeda became acting chairman.
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler officially resigned.
According to new appointment documents released by the White House, Mark Uyeda serves as acting chairman of the U.S. Securities and Exchange Commission (SEC).
It is reported that Ujeda is a member of the Republican Party and has served as an SEC member since June 30, 2022. Before becoming an SEC member, Ujeda served in the SEC for more than 15 years. FOX Business previously reported that Mark Uyeda hopes to help Trump fulfill his promise to end the Biden administration’s so-called “crypto war”.
6.The U.S. SEC established a cryptocurrency working group to formulate a regulatory framework
According to official news, Acting Chairman of the U.S. Securities and Exchange Commission (SEC) Mark Uyeda established a cryptocurrency task force “committed to developing a comprehensive and clear regulatory framework for cryptocurrency assets.”
Commissioner Hester Peirce will lead the task force. The focus of the working group will be to help the Commission draw clear regulatory boundaries, provide a practical path to registration, develop a reasonable disclosure framework, and deploy enforcement resources wisely. Senior advisers Richard Gabbert and Taylor Asher serve as the task force's chief of staff and chief policy adviser, respectively.
7. Binance added TRUMP as a loanable asset
According to the official announcement, Binance has added OFFICIALTRUMP (TRUMP) as a loanable asset on BinanceLoans (flexible interest rate) and VIPLoan.
8. Justin Sun: If I lead the Ethereum Foundation, ETH will reach $10,000
Justin Sun said on X that if the Ethereum Foundation and Ethereum are under his leadership, ETH will rise to $10,000.
The plan for the first week is:
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Immediately stop ETH sales for at least three years and cover operating costs through AAVE lending, pledge income and stablecoin lending;
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Imposing heavy taxes on all Layer 2 projects to ensure that at least US$5 billion in tax revenue is generated every year for the repurchase and destruction of ETH;
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Streamline the personnel structure of the Ethereum Foundation and increase the salaries of retained employees;
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Reduce node rewards and strengthen the fee burning mechanism. Justin Sun said that with these measures, ETH is expected to exceed $4,500 within the first week.
According to market sources, the CEO of the Kingdom Holding Company said: “We are not currently considering investing in cryptocurrencies.”
It is reported that the Saudi Kingdom Holding Company is led by the Board of Directors of Prince Walid bin Talal bin Abdulaziz Al Saud. The Holding Company ranked second among the 100 largest Saudi companies in 2002. , and ranks first among private companies.
Blockchain analytics platform bitsCrunch has launched a $5 million ecosystem funding program to support Web3 developers with funding, API credits, and token-based assistance.
The total $5 million pool is divided into different categories to meet different needs within the community. An investment pool of $3 million is deposited with recognized industry partners, while $1.5 million is reserved for API credits, giving participants direct access to bitsCrunch's data infrastructure.
11.Bubblemaps: There is insider trading in AINTI, and insiders still hold 71% of the supply.
According to Bubblemaps, the account of the late entrepreneur and cryptocurrency enthusiast John McAfee released his own AI version of Meme currency AINTI on Solana. There was a lot of insider trading. AINTI sent 90% of the supply to multiple addresses before the release. Currently, AINTI More than $1.5 million has been sold.
Bubblemaps added that on January 7, AINTI token deployers began distributing 60% of AINTI to 218 addresses and continued until the launch, with a total of 287 addresses receiving 90% of the supply. Once the token was launched, Sixty addresses alone were sold for $1.5 million. Other insiders still hold 71% of the supply.
12.Trump: The United States will become the world capital of AI and cryptocurrency
U.S. President Trump mentioned cryptocurrency in his speech, saying that the United States will become the world capital of AI and cryptocurrency.
Trump signed an executive order establishing the President’s Working Group on Digital Asset Markets, which is tasked with developing a federal regulatory framework for managing digital assets, including stablecoins, and evaluating the creation of a strategic national digital asset reserve. The working group will be chaired by David Sacks, the White House’s “AI and cryptocurrency czar”, and will include the Secretary of the Treasury, the Chairman of the Securities and Exchange Commission, and the heads of other relevant departments and agencies. The executive order directs the departments to make recommendations to the task force on any regulations and other agency actions affecting the digital asset sector that should be rescinded or modified.
In addition, the executive order prohibits agencies from taking any action to establish, issue or promote a central bank digital currency (CBDC). The executive order also revoked the previous government’s “Digital Asset Executive Order” and the Treasury Department’s “Digital Asset International Participation Framework,” saying that these two executive orders suppressed innovation and harmed U.S. economic freedom and global development in the field of digital finance. leadership position.
Earlier news, US President Trump said that he was signing executive orders on AI and cryptocurrency-related executive orders.
14. Scammers used Trump’s TRUMP tokens to speculate and stole more than $857 million
According to Beincrypto, scammers took advantage of the popularity of the TRUMP token issued by Trump last week and sent counterfeit coins to wallets related to the TRUMP team and its creator, causing cryptocurrency traders who paid close attention to these wallets to mistakenly purchase these tokens. value token. They thought the Trump meme coin team was interested in buying the tokens and had inside information. Scammers anticipate this behavior and profit from it.
Four Trump-related scam tokens have generated at least $857.5 million in revenue, according to Global Ledger. These tokens—JMilei, MELON, WTRUMP, and PUTIN—have been cashed out on multiple major exchanges. Further investigation revealed that three tokens, PUTIN, KING, and BUFFET, were associated with the same deposit wallet on Binance. A total of $91.3 million was withdrawn from these wallets. This pattern suggests that the same entity or group may have created and cashed out these tokens.
15.The Bank of Japan raises interest rates by 25 basis points
The Bank of Japan raised interest rates by 25 basis points as expected, raising the target interest rate from 0.25% to 0.50%. The rate hike was the largest since 2007, and the interest rate rose to a new high since October 2008. Since restarting interest rate hikes in March last year, the Bank of Japan has raised interest rates three times in less than 12 months.
Christine Kim, Vice President of Galaxy Research, posted a summary of the 149th Ethereum Core Developer Consensus (ACDC) conference call.
Developers this week discussed new vulnerabilities discovered on Pectra Devnet 5 and agreed to launch another devnet before upgrading the public testnet; developers set a tentative timetable for Pectra mainnet activation, asking client teams to Updated software will be released by February 3rd to activate Pectra on the Sepolia and Holesky testnets on February 12th and February 19th respectively; in addition, the developers plan to release the final Pectra on March 11th, 2025 software to achieve mainnet upgrades.
CoinShares filed registration statements for the “CoinShares Litecoin ETF” and “CoinShares XRP ETF” on Friday, according to official regulatory filings.
In addition, the New York Stock Exchange (NYSE) filed a 19b-4 filing on behalf of Grayscale for the “Grayscale Litecoin Trust” and a 19b-4 filing for the Grayscale Solana Trust. Terms for conversion to spot ETFs.
18. Nasdaq applied to amend the BlackRock Bitcoin ETF to allow physical redemptions
Nasdaq on Friday submitted a revised rules document on behalf of BlackRock to allow in-kind redemptions for the BlackRock iShares Bitcoin Trust. Typically, when an investor wants to sell an ETF, the redemption payment is received in the form of cash. Physical redemption means that investors can choose to redeem with the underlying asset (i.e. Bitcoin) invested in the ETF.
In the year leading up to the Securities and Exchange Commission’s (SEC) approval of a spot Bitcoin ETF, companies had been discussing the specific technical details of how such a product would be redeemable. The SEC prefers a cash redemption approach, which means that when investors want to redeem their Bitcoin ETF shares, fund management companies (such as BlackRock) must first sell the Bitcoin holdings and then sell them Cash earned in Bitcoin is returned to investors.
19.Grayscale submitted the 19b-4 application documents for Solana Spot ETF to the SEC
Grayscale submitted the 19b-4 application document for the Solana spot ETF to the US SEC on Friday.
X user @sevecencix said: "Don't issue cryptocurrencies according to your own ideas. I think they messed up this business."
In response, Changpeng Zhao responded: "In a decentralized world, we should focus on self-control. Anyone can issue. But 'I' don't have to buy them."
"What are some exciting articles worth reading this week (1.20-1.26)"
1.Balaji Srinivasan: 17 thoughts on the first crypto president
If Trump airdrops TRUMP to American voters, it may trigger political support and change the traditional political interest structure, and even provide him with an opportunity to destroy his opponent's political machine.
What are the expectations for the new encryption policy? Polymarket Betting Situation
3.Comprehensive analysis of the decentralized AI network Bittensor
Bittensor is a decentralized network designed to form an intelligent marketplace that enables high-quality AI models to be developed in a decentralized manner. By leveraging the incentive mechanism and rewarding participants for providing computing resources, expertise and innovative contributions, Bittensor has established an open source AI capability ecosystem, in which the native currency TAO is both a reward token and a credential for accessing the network.
4.After taking office, what actions has Trump taken to benefit the crypto community?
SEC Acting Chairman Uyeda was appointed, Musk’s government efficiency department DOGE replaced the Dogecoin logo, US$500 billion was invested in the AI field, and Silk Road founder Ross, who was sentenced to life imprisonment, was acquitted.
5.Three major trillion-dollar investment themes: energy, computing and cryptocurrency
Meltem Demirors, founding partner of Crucible Capital and former CSO of CoinShares, discussed how energy, computing and cryptocurrency, as the three pillars of the modern economy, jointly promote the development of capital markets.
6.Decrypt the platform currency track: How can WXT replicate the 100-fold miracle of BNB and BGB?
Value capture ability + growth potential = platform currency upside potential
Although Trump said he "doesn't know much" about his eponymous Meme coin TRUMP, the Trump family's entire crypto layout undoubtedly has a strong "operator" hand.
Behind the seemingly inadvertent launch of TRUMP coin, in fact, it has clearly reached early cooperation with multiple projects such as Moonshot, Jupiter/Meteora, etc. They are the biggest beneficiaries behind Trump’s epic coin issuance except Solana.
For example, Moonshot, which supports legal currency purchase meme, quickly added 400,000 users and became a strong new challenger to CEX. Meteora, who is on the same team as Jupiter, is the fastest growing project in Solana Ecosystem’s Trump currency bonus... As Trump’s strictly selected partners, they deserve long-term attention.
8.Why did GMGN become the beneficiary of TRUMP’s “vast wealth”?
The emergence of TRUMP, Trump’s official Meme token, is undoubtedly one of the most sensational and legendary events in the Web3 field in recent times. The market value of the token soared to US$80 billion at one time, which not only greatly stirred up the liquidity of other Meme coins in the market, but also served as a tinder, rekindling the enthusiasm for Meme on the chain and attracting widespread attention from investors.
In this magnificent Meme coin craze, some emerging exchanges stand out with their unique advantages compared to those "old" exchanges. Among them, the GMGN platform's performance in the Memecoin vertical encryption field is particularly dazzling. So, how did GMGN break out in this red ocean market? The secret lies in the three-character formula of "fast, accurate and stable" that he understands and practices.
On January 24, Binance announced the launch of a contract for the new MEME currency VINE, and the price of VINE rose by more than 100% in 24 hours. This is another celebrity Meme coin representative that quickly went online after the Trump family Meme.
Since Trump issued the Meme coin TRUMP named after him on January 18, the currency’s market value has rapidly climbed to a high of nearly $80 billion within two days. At the same time, the market value of his wife's Meme coin MEANIA with the same name once exceeded the US$5 billion mark, and even the total market value of his youngest son's Meme coin "BARRON" with the same name has risen sharply to about US$400 million.
The astonishing increase in this series of MEME coins not only made the Trump family a lot of money, but also created a group of millionaires and even multi-millionaires who became rich overnight by buying these Meme coins. Every day, there are people on X Show off your huge profits from purchasing Meme coins. This makes investors who have shorted TRUMP coins feel unwilling to do so, hoping to capture the next 100-fold celebrity Meme coin as soon as possible to make up for their previous losses.
In the face of such huge economic benefits, the issuance of MEME coins by celebrities is becoming a new hot spot of speculation in the market. Every day, dozens of celebrity Meme coins are flying around on major social platforms. Whether they are real or fake, users are overwhelmed.
For the future, continuing to pay attention to and support projects with real value and potential, and avoiding blindly following the trend, is the core thinking that every industry practitioner needs to maintain.
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