BlockBeats will organize the key industry news content of the week (1.20-1.26) in this article, and recommend in-depth articles to help readers better understand the market and learn about industry trends.
Important News Review
New US President Trump signs cryptocurrency executive order: clarifies regulatory framework and explores national crypto reserves
On January 24, US President Donald Trump officially signed the "Enhancing American Leadership in Digital Financial Technology" crypto executive order. This executive action not only marks the US government's attention to the digital asset industry, but also provides a clear policy framework for its future development. The executive order established the so-called Presidential Digital Asset Market Working Group, chaired by David Sacks, special adviser on artificial intelligence and cryptocurrency, and other senior government members include the chairmen of the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The main contents of this executive order include:
Clarify the regulatory framework for the crypto industry to support industry growth responsibly
Explore the establishment of a national digital asset reserve
Prohibit government agencies from issuing CBDCs
Repeal of SAB 121, which prevents institutions from holding cryptocurrencies
Related reading: What does Trump's first encryption executive order include?
Trump’s coin-issuing effect: Many celebrities, including his wife, have launched tokens to harvest market liquidity
Before Trump took office last weekend, he issued his own eponymous token. His wife Melania also released her own meme coin MELANIA. However, the wealth effect is difficult to replicate. After the token was issued, the market value briefly hit $10 billion and then fell into a slump. Affected by the effect of the president's coin issuance, many celebrities launched their own tokens this week, but they all "cut" and left, and the market liquidity was greatly affected. Related reading: " Two days before taking office, the Trumps took $65 billion from the crypto ", " Time Magazine: Trump issued currency, has the "Pandora's Box" been opened? "
After Trump took office, he pardoned Silk Road founder Ross William, who was sentenced to life imprisonment without parole
On January 22, Trump issued a statement saying that he had pardoned Silk Road founder Ross William Ulbricht and informed his mother. The latter was previously charged in 2014 with money laundering, computer intrusion, and conspiracy to traffic in drugs. In 2015, the court sentenced Ross to double life imprisonment with no parole for 40 years. Ross William Ulbricht had been imprisoned for more than 11 years before this pardon. Related reading: " On the first day of taking office, Trump released an old prisoner in the crypto who had been in prison for 11 years"
The official website of the U.S. government efficiency department "DOGE" was launched, displaying the Dogecoin theme logo and then removed
On January 21, the official website of the U.S. Department of Government Efficiency "DOGE" was launched, and the website displayed the Dogecoin logo. On January 25, according to the official account, the logo that previously contained Shiba Inu elements is suspected to have been removed.
Trump's second son Eric Trump confirmed that US crypto projects will enjoy zero capital gains tax
On January 26, according to The Street, Trump's second son Eric Trump recently confirmed that US-based crypto projects such as XRP and HBAR will enjoy zero capital gains tax in the future, while non-US projects will face a 30% tax rate. At the same time, Senator Ted Cruz plans to use the Congressional Review Act to challenge a controversial IRS rule that requires DeFi brokers to report user data and transaction revenue. Cruz believes that this rule hinders innovation, infringes on privacy, and increases the compliance burden on decentralized platforms.
Binance Labs announces name change to YZi Labs, transforming into a large family office
On January 23, Binance Labs announced that it would be renamed YZi Labs. Ella Zhang returned to YZi Labs and served as the head. Ella Zhang co-founded Binance Labs with CZ in 2018 and served as the first head. In an interview, Ella Zhang said that YZi Labs is a variation of the name of the co-founder of Binance and has now become a "pure family office investment tool." A spokesperson for YZi Labs said the company has no formal headquarters because its employees work remotely.
Short video platform Vine jointly issued a coin, and its market value reached $200 million within 4 hours of going online
On the morning of January 23, another quick pass token appeared on the Solana chain - VINE. The token has the same name as Vine, a short video platform that Twitter announced to close in 2016. Its market value exceeded $100 million in just one hour after it went online. With Vine co-founder Rus Yusupov posting a message claiming the dev status, VINE's price soared to a market value of up to $240 million. However, Dom Hofmann, another co-founder of Vine, posted that the token has nothing to do with him and he will not participate in meme coins.
It is reported that Vine is a short video platform similar to TikTok, which allows users to create short videos of up to 10 seconds and share them on social networks. The platform was launched in June 2012 by three founders: Dom Hofmann, Rus Yusupov and Colin Kroll (deceased); it was acquired by Twitter (now called X) in October 2012, but Twitter announced the closure of Vine on October 27, 2016 due to the company's restructuring plan.
On January 26, Chris Park, a community developer of the X platform, asked the community for opinions on whether to integrate Vine into the X platform. Chris said, "The development team is looking forward to it, but it is not a trivial matter. Externally, we need to listen to user feedback. Out of 10, how much value will this bring to X and our platform?" According to Chris Park's personal profile, he is affiliated with the X development team. Chris Park is keen to promote the development of the platform and believes that high-quality users and content are the key. His tweets often share new features and future plans about X to support the creator ecosystem. Related reading: " The founder issues a coin to speed up the $200 million, and Musk's short video Vine makes a comeback "
The Ethereum community is dissatisfied with the inaction of the Foundation and collectively calls for reform as soon as possible
As the community's disappointment with ETH's weak performance in this cycle gradually accumulated and finally erupted, calls for the rectification of EF became increasingly louder. This week, the entire Ethereum community was discussing EF's leadership structure, personnel composition, operating model, and financial plan. The current EF Executive Director Aya Miyaguchi was criticized by the community, and Vitalik himself was forced to publicly state under heavy pressure that "a large-scale change is being made to the EF leadership structure." However, Vitalik also said that only he can decide on the new leadership team of EF, and continued pressure from the community will create an environment that is extremely harmful to top talents. Related reading: " Leading projects collectively "force the palace", and community anger sweeps the Ethereum Foundation again "
The first decision day for the four SOL spot ETFs will be on January 25, and the results may be announced next week.
On January 25, according to Bloomberg terminal data, the Solana spot ETFs launched by four institutions including VanEck, 21Shares, Canary and Bitwise all reached their first deadline on January 25. This week, the results may not be announced before Friday due to the handover between the new and old SEC leaders and members. The SEC usually does not announce such resolutions on Saturdays and Sundays, so the SEC may announce the specific results next week.
Solana on-chain DEX Jupiter Exchange announces acquisition of majority stake in Moonshot and releases multiple developments
On January 26, after Jupiter opened the airdrop, it announced a number of new developments, and JUP rose accordingly. Specifically:
- Will launch the full-chain network Jupnet to aggregate all on-chain liquidity
- Launched a new community website jup.com, now open for user registration
- Collaborated with elizaOS to launch a $10 million MAGIC FUND to support AI operating system developers
- Acquired Solana portfolio tracker Sonarwatch
- Launched the new trading interface and new function Beta version
- Acquired a majority stake in Moonshot
This week's hot articles
Trump launched his own cryptocurrency $TRUMP on the eve of taking office, and quickly attracted global investors by cooperating with family member Melania's token. Although this behavior has caused widespread controversy in the crypto community and political circles, especially the Trump family's use of the influence of the presidency for personal gain, the market volatility and huge profits caused in the short term still attracted attention. A large number of Asian investors received generous returns in the early stage of issuance, while American retail investors failed to enter in time due to operational delays. Trump's cryptocurrency behavior not only makes people question his moral bottom line, but also triggers divisions and opposition within the crypto community.
"Two days before taking office, the Trumps took $65 billion from the crypto"
After Trump, his wife Melania also released her own meme coin of the same name "MELANIA", which has achieved high market popularity, with trading volume exceeding US$2.6 billion and a market value of more than US$10 billion. Compared with Trump's coin of the same name "TRUMP", the token distribution and unlocking rules of MELANIA are different. The team share only needs to be locked for 30 days and unlocked faster. At the same time, the Trump family's DeFi project WLFI also completed the public sale, raised US$300 million, and began to purchase ETH, driving further market fluctuations. The community has had different discussions on this culture and tokenization phenomenon. Some people believe that meme coins are just speculative behavior, while others believe that it represents a new way of IP monetization.
"The President of the United States issues currency, an $80 billion crypto user education"
The market value of Trump's "Presidential Coin" TRUMP soared rapidly after its launch, becoming an important event in the crypto industry. This event highlights the trend of the cryptocurrency center accelerating its shift from centralized exchanges (CEX) to decentralized exchanges (DEX). The outbreak of TRUMP also proves that in the crypto market, the speed of discovery and decision-making is the key to gaining benefits. The cognition and position of participants determine the final return, while the tools affect the speed of asset flow. Trump's coin issuance not only attracted a lot of attention, but also promoted meme coins to become a relatively fair way of issuing assets, which has a profound impact on the future development of the crypto market.
On his first day in office, Trump released an old prisoner who had been in the crypto for 11 years
Trump uses political means to manipulate public sentiment. Recently, he has brought huge profits to himself and the interest groups behind him by issuing coins, although this behavior has been criticized by the crypto industry. In order to quell dissatisfaction, Trump fulfilled his campaign promise and announced the pardon of Ross Ulbricht, the founder of "Silk Road". This move has aroused widespread support in the crypto circle. Ross was arrested and sentenced to double life imprisonment for operating a Dark Web trading platform. Trump's pardon action is seen as an important response to the crypto industry and a last chance for Ross's freedom.
Bitcoin Magazine slams $TRUMP: Trump likes cryptocurrency as long as it can be used to make money
This article analyzes Trump's motivation for getting involved in cryptocurrency and reveals his nature of profiteering through $TRUMP. The author criticizes the hype model of the coin, pointing out that Trump is more concerned with short-term profits and self-promotion while ignoring the core value of Bitcoin, and calls for attention to the decentralization and practical uses of cryptocurrency rather than speculation.
"If I could do it all over again, how would I capture the early buying signal of TRUMP?"
Through effective on-chain monitoring tools, investors can seize opportunities in the Meme coin market. From monitoring platforms such as Moonshot to capture market outbreaks, to tracking smart money trading dynamics using tools such as Zerion and GMGN, to sentiment analysis on social media, comprehensive monitoring strategies help users make timely decisions at critical moments such as token launches and surges in trading volume.
《Beginner's Tutorial | How to create an on-chain wallet, withdraw coins and buy coins?》
Recently, the activity of the Solana ecosystem has increased significantly, and the trading volume of decentralized exchanges has reached a new high, especially the trading volume of Trump family tokens has increased significantly. To participate in these transactions, users need to create an on-chain wallet and withdraw assets from centralized exchanges to on-chain wallets. For novices, Phantom and OKX Web3 wallets are common choices. In addition, cross-chain operations can bypass the suspension of withdrawals and ensure timely participation in the purchase of popular tokens. For the trading of popular on-chain currencies, Raydium is the main trading platform of the Solana ecosystem, while GMGN provides users with more professional trading and data analysis tools to help investors improve the success rate of transactions.
"Vitalik fired the first shot of "reform", where is the Ethereum Foundation heading? "
Ethereum founder Vitalik Buterin announced that he would reform the leadership structure of the Ethereum Foundation (EF) to enhance technical capabilities, strengthen communication, introduce fresh blood, and support decentralization and privacy technologies. However, the main problems facing EF are still insufficient information transparency, lack of effective proof of work, and unclear organizational structure. In addition, EF's sale of ETH has had a negative impact on the market, resulting in a decline in the community's trust in it. Despite this, Vitalik still emphasized that the reform goals do not include ideological changes or political lobbying, and the goal is to focus on technological development and support the expansion of decentralized applications. At present, EF's reform faces tremendous pressure from both inside and outside the organization, especially communication and trust issues with the community.
The Ethereum Foundation (EF) has recently sparked widespread controversy within the community, mainly due to issues such as its leadership structure, financial management, and strategic direction. Founders and executives of multiple Ethereum ecosystem projects have criticized EF, believing that it has serious problems in the use of funds, personnel management, and strategic decision-making. Some suggestions include requiring Layer 2 projects to repurchase ETH, focusing on Layer 1 expansion, cutting expenses, and streamlining staff. At the same time, EF was accused of failing to effectively use ETH for staking, but instead chose to sell ETH at a sensitive moment, which further exacerbated the community's dissatisfaction.
《Under the pressure of public opinion, Vitalik issued a message to L2: Come back to support ETH》
Ethereum's performance in the current cycle has caused dissatisfaction in the community, especially criticism of the Ethereum Foundation (EF) for failing to respond to problems in a timely manner. Several well-known project founders have raised their own concerns and suggestions, including requiring Layer 2 (L2) to increase demand by repurchasing ETH and abandoning the L2 strategy. Ethereum founder Vitalik Buterin responded to these doubts and proposed a series of expansion and improvement plans, especially to promote the development of Ethereum by increasing Blob space and improving L2 security and interoperability. Buterin emphasized that the future of Ethereum will rely on the joint efforts of technology and the community, especially in the construction of ETH economy and Layer 2 ecosystem.
"Core members left to form a "copycat EF", how long can the Ethereum Foundation last?"
Eric Conner, a core developer of Ethereum, announced his withdrawal from the Ethereum Foundation (EF), mainly due to EF's opacity and disconnection from the community. He criticized the Foundation for failing to reform effectively and hindering innovation in the ecosystem. Eric's departure reflects the growing divisions within EF and the community's dissatisfaction. At this time, the Second Foundation was quietly established in the community, triggering more discussions about the future direction of EF. Community members have proposed reforms to EF, believing that EF needs to make choices to adapt to the rapid development of the Ethereum ecosystem.
《With a huge debt of nearly 200 million US dollars, will THORChain collapse? 》
Thorchain faces a serious debt problem. Despite the risks, the protocol still has huge business potential, generating more than $30 million in fees each year. Measures such as freezing lending and depositor positions, deleveraging, and tokenizing claims can save the protocol and maintain its core liquidity. At the same time, an economic design committee is established to ensure that the protocol returns to basic principles, improves capital efficiency, and prevents it from falling into debt again.
"Founder issues 200 million USD in coins, Musk's short video Vine makes a comeback"
The VINE token on the Solana chain has become popular recently, with a market value of over $200 million. The token has the same name as the closed short video platform Vine and was issued by Vine founder Rus Yusupov. Vine was launched in 2012 and shut down by Twitter in 2016. Musk has mentioned restarting Vine many times and said again in 2024 that he was considering it. Although the VINE token has no direct connection with the Vine platform, it has quickly gained attention due to Yusupov's participation and market enthusiasm. Yusupov promised to donate all profits to X and said that the VINE token will be locked until April 20, which stimulated further enthusiasm in the market.
What does Trump's first executive order on encryption include?
The crypto executive order signed by Trump provides a clear policy framework for the US digital asset industry, supporting innovation and responsible development. The core content includes protecting crypto rights, prohibiting CBDC, supporting US dollar stablecoins, and proposing a new regulatory framework. The order requires agencies to review existing rules and submit regulatory and legislative proposals within 180 days. In addition, the established digital asset market working group will promote the development of stablecoins and evaluate the possibility of digital asset reserves. This move is expected to enhance investor confidence, consolidate the status of the US dollar, and may trigger a trend of global regulatory cooperation.
Who has made millions of dollars from Trump? A list of KOLs who have made a lot of money
The TRUMP Meme coin released by Trump has attracted widespread attention, driving the popularity of the crypto market and traditional media discussions, and even some traders celebrated its huge profits. Different trading strategies and risk management caused some people to miss out on huge profits, while some lucky traders made millions of dollars in profits through precise entry. The craze for the TRUMP coin not only accelerated the development of the Solana ecosystem, but also had an impact on the ETH market, with many ETH holders turning to invest in Solana. Overall, TRUMP, as a meme coin that combines politics and entertainment, may herald the arrival of a new cycle in the crypto market.
Buffett once viewed Bitcoin as "rat poison", and his company spent $1.2 billion on the crypto market
Despite Warren Buffett's long-standing negative attitude towards cryptocurrencies, Berkshire Hathaway has invested in Brazilian digital bank Nu Holdings, which has launched a cryptocurrency platform and supports trading in currencies such as Bitcoin and Ethereum. Berkshire has invested in Nu since 2021 and increased its stake to 0.4% in the third quarter of 2024. Nu stock has performed strongly, with an annual increase of 34%. Although Buffett has expressed no interest in cryptocurrencies, his company is now benefiting from this field, showing a change in investment strategy.
《Injecting 50,000 ETH, the Ethereum Foundation actually participates in DeFi for the first time》
In the face of community dissatisfaction and competitive pressure, the Ethereum Foundation decided to allocate 50,000 ETH to support the Ethereum DeFi ecosystem and make leadership changes. Previously, the Foundation was criticized for frequent small-scale sales of ETH, opaque fund management methods, and poor communication with the community. This move aims to optimize fund management, improve transparency, and enhance community trust through participation in DeFi, while responding to challenges from competitors such as Solana. This will not only provide liquidity support for Ethereum DeFi projects, but may also help the Foundation explore more sustainable fund management models and promote the long-term development of the ecosystem.
"Trump's deal" continues, an article sorting out Trump's crypto map
Trump's relationship with cryptocurrencies is getting closer and closer, and several tokens and projects related to it have attracted attention. The market value of the $TRUMP token has exceeded $14 billion, ranking among the top 20, and the crypto market has become more closely connected with Trump. At the same time, Trump's family members and team have also interacted with multiple crypto ecosystems, including $SOL, $DOGE, and Solana ecosystems. Trump has a positive attitude towards cryptocurrencies created by the United States and intends to suspend the SEC's lawsuit against cryptocurrencies. In addition, the celebrity coin craze, venture capital layout, and interaction with the SEC have become important topics in the crypto market.
"Full text of Trump's inaugural speech: The American dream will return"
In his first speech after taking office, Trump emphasized that the United States will be restored to greatness and strength, and proposed a series of policy reform measures. He vowed to revive the US economy, crack down on illegal immigration and crime, restore US border security, and deal with inflation by increasing energy production. At the same time, he promised to strengthen the manufacturing industry, reform the trade system, and restore the constitutional rule of law, attach importance to freedom of speech and national unity. He also said that he would promote the reconstruction of international influence and ensure that the United States regains respect in the world.
After Trump issued the coin, the craze on blockchain continued, and technology giants also joined the ranks of issuing coins. Recently, the widow of the late legendary figure John McAfee released the $Ainti token, claiming to revive McAfee's legacy through AI; and the founder of Vine, Rus Yusupov, released the $Vine Memecoin, which attracted great attention. Vine was one of the pioneers of short video platforms with its short video format. Although it was closed in 2016, it is now gaining popularity again through tokens. The combination of technology companies, cultural heritage and Web3.0 may drive more historical Internet companies to be reborn through coin issuance, triggering a new round of market craze.
"Time Magazine: Trump's coin issuance, has Pandora's box been opened?"
The TRUMP token launched by Trump has attracted huge attention and trading frenzy in the cryptocurrency market. Although it is essentially a "meme coin" lacking intrinsic value, it has attracted a large number of supporters and investors. However, this move has also been widely criticized for its profit mainly through hype and money-making, and because the Trump team controls most of the token supply, it may have a huge impact on market prices. Critics also pointed out that this behavior may cause conflicts of interest and national security issues, especially when external forces influence Trump's policies by purchasing these tokens.
"Gemini E, the source of Trump's outrageous operations"
As the new president of the United States, Trump personally issued the cryptocurrency TRUMP coin two days before taking office, and it quickly landed on the top trading platform, with a trading volume of over $10 billion within 24 hours. This move shocked people in the crypto, but it seemed logical for Trump, a Gemini with a typical narcissistic personality. He is known for his variability and unconventionality. His narcissistic personality makes him eager for attention and recognition, and his behavior is full of drama. At the same time, Trump's MBTI personality type is generally considered to be ENTJ, which reflects his strong desire for leadership and unconventional behavior, and also shows his strong cognition and control of power.
Lily Liu of the Solana Foundation believes that in 2024, the Solana ecosystem has achieved significant growth in multiple indicators, especially in terms of transaction volume, number of users, and amount of funds. Solana's goal is to become a global emerging financial infrastructure, not just focusing on specific applications such as Memecoin. She emphasized that Solana's core asset is talent, and it will continue to promote innovation in the underlying blockchain technology and strive to build a complete economic system at the application layer. Lily also said that Solana will focus on cross-domain development and attract more developers and talents from different backgrounds. At the same time, Solana is full of confidence in the future of the crypto industry and expects that under the supervision of the new US government, blockchain technology will receive more support and promote the development of the global crypto field.
This article explores the impact of the politicization of financial populism, comparing it to a double black hole system, showing the distortion and chaos of society. By taking crypto traders as an example, it emphasizes that success comes from continuous efforts and self-awareness. It points out that technological and social changes are driving the formation of a new order, and future leaders will be innovators who can cross the boundaries between the East and the West and play the game of global thinking and populism.
Nasdaq has submitted Form 19b-4 for the Litecoin spot ETF for Canary Funds, marking the official entry of the application into the 240-day review period. During this process, the Securities and Exchange Commission (SEC) will decide whether to approve the application. Litecoin, as a fork of Bitcoin, is not considered a security, so it has an advantage in approval. With the Trump administration about to take office, the market is full of expectations for the approval of Altcoin ETFs, especially in the approval progress of currencies such as Litecoin, Solana and XRP. It is expected that if multiple Altcoin ETFs are approved, they will attract a large amount of capital inflows.
This interview took place in 2021. It was the first time that Ross Ulbricht, the founder of Silk Road, had spoken publicly since the website was shut down. In the call, he reviewed the original intention of creating Silk Road, expressed his belief in freedom and privacy, and deeply apologized for the consequences. Ross described his painful experience in prison and once again conveyed his firm hope for the future of Bitcoin at the end of the interview. This interview is not only his personal cry, but also a call for social justice and human dignity.
《Base's 7 Breakthroughs in 2024》
In 2024, Base emerged in the blockchain ecosystem and gradually established its position as the largest L2 of Ethereum with seven breakthrough events. Initially, it attracted a large number of users through friend.tech. Although it failed later, Base did not stop. Farcaster and several popular tokens such as Aero and Brett further promoted the development of the ecosystem. Especially in August 2024, Base surpassed Arbitrum to become the largest L2 of Ethereum, and launched cbBTC, which successfully attracted a large amount of capital inflow. With the advent of the AI Agent wave, Base and Solana are on par, showing strong competitiveness. This series of breakthroughs marks that Base's ecology has gradually risen from an emerging one to rival Solana and become an important force in the encryption industry.
Solana finally survived the strongest stress test in history
Trump and Melania's coin issuance event triggered a huge trading boom in the Crypto market, and the Solana network underwent the largest stress test in history. In a short period of time, a large amount of funds and users poured in, causing the Solana network and its related infrastructure to be under tremendous traffic pressure, and transactions were stuck and failed. But unlike in the past, Solana's performance this time has been more understood and tolerated. The transaction volume of multiple platforms hit a record high, and Solana's performance proved that it can still maintain operation under extreme loads, attracting more attention. Despite the short-term burden, the Solana ecosystem continues to innovate and show strong future potential.
Multicoin's latest investment thesis: Solana aims at the Internet capital market
Multicoin Capital has been investing in Solana since 2018 and believes it will become the leading public chain supporting the global Internet capital market. Solana's core advantages are its low fees, high performance, atomic composability, and decentralization, which can compete with traditional financial systems in the fields of payment and financial services. Although its market value has exceeded $100 billion, Solana is still working to further expand the scale of its ecosystem by improving payment processes, reducing user fees, and improving market efficiency. Solana's decentralized structure and innovative technology enable it to stand out in the global financial market, providing users with lower fees, higher capital efficiency, and more asset liquidity.
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