Yesterday, a New York court jury ruled that former US President Trump was guilty of the "hush money" case, and all 34 charges were established. Trump became the first former president of the United States to be convicted. Influenced by this news, some Trump concept coins fluctuated sharply. On the other hand, the Bitcoin rune concept continued to rise, and many runes rose by double-digit percentages.
1. Affected by the conviction of Trump's felony charges, the price of Trump-themed Meme Coin fluctuated greatly
Concept coin: $TRUMP
As the US election approaches, coupled with Trump's pro-crypto stance, a large number of Trump concept meme coins have emerged. Yesterday, a New York court jury found Trump guilty of all 34 charges, and related meme coins have seen extreme market conditions. The Trump concept coin with the largest market value, $TRUMP, once fell to $9.28 in the early morning, and now rebounded to $14.9, a 24-hour increase of 8.5%.
On the other hand, after Trump was found guilty, many related meme coins were created. A smart trader made about 972 SOL (US$167,000) in 5 hours by trading Trump-themed tokens FREE TRUMP (FREE) and NEVER SURRENDER (TRUMP).
2. Ethereum spot ETF has new progress
According to people familiar with the matter, the U.S. SEC requires issuers of spot Ethereum ETFs to submit draft S-1 documents by Friday. After that, the SEC will provide the first round of comments and eventually make further revisions.
As of now, VanEck and BlackRock have both submitted S-1 documents, and Grayscale has submitted a revised S-3 registration statement for its spot Ethereum ETF.
3. Elon Musk: Never discussed cryptocurrency with Trump
Elon Musk clarified on the X platform that he had never discussed cryptocurrency with Trump. Elon Musk said that he generally supports transferring power from the government to the people, and cryptocurrency can do this. According to previous reports, market sources said that Elon Musk had provided some cryptocurrency advice to Trump, and the talks between the two had heated up, and the Trump campaign team discussed inviting Musk to the Republican Convention.
4. Bitcoin Rune continues to gain popularity, with total market value exceeding $1.7 billion
Concept Coins: $DOG, $RuneCoin
The total transaction volume of Bitcoin Rune reached 18.76 million US dollars yesterday, an increase of 27.53% from the previous day. The popularity of Rune is still continuing. When the popularity of meme fades, the strength of Rune maintains the vitality of the market. According to geniidata data, the total market value of Rune exceeded 1.7 billion US dollars, an increase of 300 million US dollars compared with the previous day.
5. Luna founder Do Kwon has preliminarily agreed to reach a settlement with the US SEC
Concept currency: $LUNA (-13.6%)
According to the disclosed court documents, TERRAFORM LABS and DO KWON have preliminarily agreed to reach a principle settlement with the US SEC regarding the fraud case involved. Influenced by this news, the LUNA token once rose sharply by nearly 30%, but then fell sharply.
6. Parallel computing layer AO: AO’s own tokens will be issued, 100% fair launch
Concept currency: $AR (-0.9%)
AO, a decentralized parallel computing layer based on the Arweave permanent storage network, announced that it plans to issue AO tokens. AO will be sold 100% fairly. There will be no pre-mining, no pre-sale, no discounts, etc. Each token will be minted by bridging AO and holding AR. Influenced by this news, AR tokens rose by more than 10% in a short period of time.
