Important information from last night and this morning (January 19-January 20)

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01-20
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Important news from last night and this morning (January 19 - January 20)

Trump claims credit for the soaring US stock market and Bitcoin's recent all-time highs

According to The Block, outgoing US President Donald Trump, in his final pre-inauguration speech, claimed credit for the soaring stock market and Bitcoin's recent all-time highs. Donald Trump said at the rally: "You've seen results that nobody thought were possible. Since the election, the stock market is soaring, small business optimism has spiked 41 points to the highest level in 39 years. Bitcoin has broken one record high after another. That's the Trump effect."

Trump's wife issues Meme token MELANIA, currently with a market cap of about $6.4 billion

Melania Trump, the wife of former President Trump, announced on social media in the early hours that people can now buy the Meme token MELANIA. Data from gmgn shows that MELANIA currently has a market cap of about $6.4 billion. Trump retweeted the information, having previously issued his own exclusive cryptocurrency TRUMP, which plunged after his wife announced the launch of MELANIA, briefly dropping below $40 before rebounding and currently back up to $46.

Michael Saylor has released Bitcoin Tracker information for the 11th consecutive week, hinting at another BTC purchase

MicroStrategy founder Michael Saylor has released Bitcoin Tracker-related information for the 11th consecutive week, but this time it's different from before, as he said: "Things will be different tomorrow." (Note: MicroStrategy has previously marked a green dot on the corresponding date on its website whenever it bought BTC, with the BTC price trend line shown in blue.) According to past patterns, MicroStrategy usually increases its Bitcoin holdings the day after such announcements.

Italian MP urges the country's banking foundations to buy Bitcoin

According to Decrypt, an Italian MP is urging Italian banking foundations to invest in Bitcoin, believing such investments could accelerate the country's support for the leading cryptocurrency. However, while the US is pushing for strategic Bitcoin reserves at both the national and state levels, he does not believe Italy will establish similar reserves in the near term. Italian MP Marcello Coppo said in an interview last Friday that banking foundations should allocate a small portion of their income to digital assets like Bitcoin to potentially achieve significant investment returns; foundations' investment in Bitcoin could spark public support for the cryptocurrency, which has been "excessively distrusted" in Italy for a long time; we can start from very low-risk places, and any positive tests can serve as case studies and examples. Earlier on January 14, it was reported that Italian bank Intesa Sanpaolo purchased 11 BTC, worth about 1 million euros.

US SEC sues Helium developer Nova Labs, alleging sale of unregistered securities and misleading investors

According to The Block, the US Securities and Exchange Commission (SEC) has sued the creators of the Helium network, Nova Labs, accusing the company of selling unregistered securities and misleading investors. This is the latest and likely the last enforcement action under the leadership of outgoing chairman Gary Gensler.

The lawsuit was filed last Friday, targeting three tokens related to Helium: the Helium Network Token (HNT), the Helium Mobile Token (MOBILE), and the Helium Internet of Things Network Token (IoT), alleging that these tokens were sold as unregistered securities. The lawsuit also accuses Nova Labs of misleading investors about several high-profile partnerships. While the company told investors that companies like Nestle, Lime, and Salesforce were using the network, the lawsuit claims these companies were neither customers nor "users" of the network. The lawsuit states: "In fact, when Nestle and Lime learned that Nova Labs was publicly touting their purported relationships, each company sent Nova Labs a cease and desist letter." The lawsuit seeks to fine the company and prohibit it from purchasing, offering, or selling any crypto assets as securities.

Haleem posted a defiant message on X on Sunday, calling the lawsuit the "last gasp of the US's failed crusade against crypto companies". Haleem said: "The SEC has wasted two years of our time and millions of our dollars chasing down any allegation they can think of... I don't often get angry, but this series of events is infuriating." Regarding the allegations of Helium misleading investors, Haleem said: "We've already resolved this issue and worked with every company mentioned in the complaint." Haleem concluded: "We will vigorously defend ourselves and continue the SEC under Gensler's leadership's record of defeats and blatant lies. Not just for us, but for all DePIN projects. If the Helium hotspot is a security, then all DePIN is in jeopardy. We won't let that happen."

Later, it was reported that 10% of the MELANIA token team's share will be unlocked on the 30th day, with the full unlock completed in the 13th month.

Former Coinbase CTO: Meme tokens are a zero-sum lottery, calls for buying long-term value-preserving assets

Former Coinbase Chief Technology Officer Balaji Srinivasan posted on the X platform that Meme tokens are a zero-sum lottery. They do not create wealth. Each buy order simply matches a sell order. After the initial surge, the price will eventually crash, leaving the last buyers with nothing. If the platform also takes a cut, it actually becomes a negative-sum game. If you want to gamble moderately for entertainment, that's fine. If you're a professional trader, that's fine too. But most people should buy long-term value-preserving assets. Sometimes Meme tokens can be given use cases, or their hype can be maintained indefinitely. But overall, don't invest money you can't afford to lose. I agree that some Meme tokens have withstood the test of time and successfully built communities. I would further point out that many of the top 100 cryptocurrencies are actually "ghost chains" and de facto Meme tokens. But in a highly politicized environment, rapid price spikes are likely to cause trouble. It largely depends on what happens after the first major price drop.

Jupiter: All our systems are currently under extreme load, working to restore service

Jupiter, a decentralized exchange on the Solana ecosystem, posted on the X platform: "All of our systems are currently under extreme load, and we are working to restore normal service as soon as possible. Key points to be aware of: We have increased the priority fee and dynamic slippage in auto mode to help users complete transactions. If you want to try trading at lower fees/slippage, please use manual mode, but note that transactions may be difficult to complete. On Solana, if a transaction fails, the gas fee will still be deducted, so please trade cautiously. Especially for perpetual contracts, you can improve your chances of successful trades by going long on the underlying assets (like SOL/BTC/ETH) or going short using USDC."

Phantom: The platform is currently receiving over 8 million requests per minute, which may affect transactions

Phantom posted on the X platform that the current request volume has surged to over 8,000,000 per minute. While they are working to stabilize the platform, transactions may not be able to be completed on the first attempt.

World Liberty Financial's public sale is accelerating, raising nearly $250 million so far

Following the launch and surge of TRUMP, the crypto project World Liberty Financial from the Trump family is seeing an accelerated public sale, having sold 16.58 billion WLFI on its website and raised $248.7 million, with 3.415 billion tokens still available for sale.

A whale purchased 5.2 million MELANIA for $680,000, currently with an unrealized gain of about $39 million

Here is the English translation of the text, with the content inside <> retained without translation:

According to Onchain Lens monitoring, 2 hours ago, a whale purchased 5.2 million MELANIA tokens at a price of $680,940, currently with an unrealized profit of about $39 million, and has not sold any tokens yet.

Trump Family Crypto Project WLFI Increases Holdings by 4,869 ETH

According to Spot On Chain monitoring, the Trump family crypto project World Liberty (WLFI) has spent 16 million USDT in the past more than an hour to increase its holdings by 4,869 ETH. They currently hold 32,852 ETH (about $106 million) and have a large amount of $ETH on Coinbase, which they deposited a few days ago.

The Market Sees Reverse Bets: The Fed's Next Move Will Be Rate Hikes, Not Cuts

According to Jinshi, a group of stubborn bond traders have placed reverse bets that the Fed's next move will be to raise rates, not cut them. This bet emerged after the US released a blowout jobs report on January 10, in stark contrast to Wall Street's consensus that there will be at least one rate cut this year. Although the mild inflation report released on Wednesday strengthened the Fed's rate cut stance and caused US bond yields to fall from multi-year highs, this reverse bet still exists. An institutional analysis shows that based on options related to the secured overnight financing rate, traders currently see about a 25% chance of the Fed raising rates by the end of the year. Before the CPI data was released, these bets were as high as 30%. Until just over a week ago, rate hikes were not even being considered. Former New York Fed economist Phil Suttle expects the Fed to raise rates in September, saying "this is not a crazy view".

TikTok Has Resumed Service in the US, Trump Plans to Set Up a Joint Venture to Maintain TikTok's Operations

According to Xinhua News, around 9:30 am Pacific Time on the 19th (1:30 am Beijing Time on the 20th), TikTok posted a statement on social media saying that the company has reached an agreement with an internet service provider and is restoring related services. The reporter then checked and found that the TikTok app has resumed normal use, and the TikTok website has also resumed normal operation. In addition, according to First Financial, on January 19, Beijing time, US President-elect Trump announced that he will issue an executive order on Monday to extend the time before the "no sale, no ban" law on TikTok takes effect, in order to reach an agreement to protect national security. Before the order is issued, any company that helps TikTok continue to operate will not bear any responsibility. Trump plans to set up a joint venture company, with the US owning 50% of the shares, so as to ensure control of TikTok while allowing it to continue operating. It should be noted that ByteDance has previously stated multiple times that it will not sell TikTok's US assets.

Grayscale Resumes Recruitment, Offering Positions Such as Digital Asset Derivatives Trader

Grayscale has posted recruitment information on the X platform and is recruiting again. This time, it is offering positions such as digital asset derivatives trader, investment portfolio advisor, crypto product analyst, and private fund sales analyst. Earlier this month, Grayscale also disclosed recruitment information, including positions such as analyst, tax specialist, digital asset trader, investment portfolio manager, ETF product senior assistant, product manager, and engineering supervisor.

Hyperliquid: The Relief Fund Will Initially Hold 3 Million Pilot Asset PURR

Hyperliquid posted on the X platform that, in line with its mission to securely store value on-chain and support the Hyperliquid community, the relief fund will begin holding various native assets on Hyperliquid, with selection criteria including fair initial distribution, decentralized ownership, native deployment prioritizing Hyperliquid, and positive impact on the Hyperliquid community. Among the eligible assets, the Hyper Foundation will first decide on inclusion and relative representation. Over time, governance will take over this responsibility. The pilot asset joining the relief fund is PURR. The relief fund will initially hold 3 million PURR, about 0.5% of the total supply at the time of inclusion.

Arthur Hayes: If Trump Can Issue a Coin, the Risks of Beyoncé and Taylor Swift Issuing Coins Will Be Much Lower

BitMEX co-founder Arthur Hayes posted on the X platform that Memecoins are the best fan engagement tool of all time. If Trump does this, the risks of Beyoncé or Swift doing it will be much lower, and we should be prepared for a Memecoin explosion.

Blockchain-Based Anime Platform Oshi Completes $12.5 Million Financing, Led by Polychain Capital

According to official news, the blockchain-based anime platform Oshi announced the completion of a $12.5 million financing, led by Polychain Capital and Superscrypt, with Folius Ventures, Sfermion, The Spartan Group, Nomad Capital, and CMT Digital also participating. Oshi is an open blockchain-based anime platform where fans can directly support their favorite anime projects and receive exclusive benefits, and the platform's IP licensing infrastructure allows IP owners to maintain control over their works while connecting with specialized global partners.

1confirmation Founder: 1confirmation Currently Holds 52,360 ETH

1confirmation founder Nick Tomaino posted on the X platform that 1confirmation currently holds 52,360 ETH and is still accumulating.

The Whale That Previously Purchased 5.2 Million MELANIA Now Has an Unrealized Profit of Over $66 Million

According to Lookonchain monitoring, the whale that previously purchased 5.2 million MELANIA for $680,000 has sold 203,000 MELANIA for 2.14 million USDC, leaving 5 million MELANIA worth $64.9 million.

El Salvador Has Purchased 11 More BTC Today, Current Holdings Worth Over $600 Million

On-chain data shows that 37 minutes ago, El Salvador acquired 11 more BTC ($1,113,508), bringing its total holdings to 6,043.18 BTC, worth $608,264,513.

Solana Ecosystem DEX Trading Volume Has Exceeded $158 Billion So Far This Month, Breaking the All-Chain Record

According to SolanaFloor data, Solana's DEX trading volume in January has exceeded $158 billion, breaking the $140 billion record set by BNB Chain in May 2021 - the highest record across all blockchains. Solana is also the first blockchain to surpass $150 billion, achieving this in just 20 days, with 11 days left in the month.

Data: Tokens Such as FTN, MRS, and IMX Will See Major Unlocks This Week, With FTN Unlocking About $76.2 Million

Token Unlocks data shows that the tokens FTN, MRS, and IMX will see major unlocks this week, among which:

  • Fasttoken (FTN) will unlock about 20 million tokens at 8 AM Beijing time on January 21, accounting for 4.67% of the current circulating supply, valued at about $76.2 million;
  • Metars Genesis (MRS) will unlock about 10 million tokens at 8 AM Beijing time on January 22, accounting for 11.87% of the current circulating supply, valued at about $31.4 million;
  • Immutable (IMX) will unlock about 24.52 million tokens at 8 AM Beijing time on January 24, accounting for 1.43% of the current circulating supply, valued at about $29.9 million;
  • AltLayer (ALT) will unlock about 240 million tokens at 6 PM Beijing time on January 25, accounting for 10.39% of the current circulating supply, valued at about $21.8 million;
  • ApeX (APEX) will unlock about 10 million tokens at 8 AM Beijing time on January 20, accounting for 18.71% of the current circulating supply, valued at about $15.9 million;
  • Murasaki (MURA) will unlock about 20 million tokens at 8 AM Beijing time on January 23, accounting for 34.84% of the current circulating supply, valued at about $13 million;
  • Ethena (ENA) will unlock about 12.86 million tokens at 3 PM Beijing time on January 22, accounting for 0.42% of the current circulating supply, valued at about $10.8 million;
  • SPACE ID (ID) will unlock about 18.49 million tokens at 8 AM Beijing time on January 22, accounting for 4.29% of the current circulating supply, valued at about $7.5 million;
  • Eigenlayer (EIGEN) will unlock about 1.29 million tokens at 3 AM Beijing time on January 22, accounting for 0.55% of the current circulating supply, valued at about $3.6 million;
  • Karrat (KARRAT) will unlock about 11.25 million tokens at 8 AM Beijing time on January 23, accounting for 6.01% of the current circulating supply, valued at about $3.2 million;
  • Tribal Token (TRIBL) will unlock about 9.6 million tokens at 8 AM Beijing time on January 20, accounting for 6.11% of the current circulating supply, valued at about $2.4 million;
  • Coin98 (C98) will unlock about 16.53 million tokens at 7 PM Beijing time on January 23, accounting for 1.85% of the current circulating supply, valued at about $2.3 million;
  • MMX (MMX) will unlock about 1.67 million tokens at 8 AM Beijing time on January 23, accounting for 1.10% of the current circulating supply, valued at about $2.15 million;
  • Hooked Protocol (HOOK) will unlock about 4.17 million tokens at 8 AM Beijing time on January 24, accounting for 1.89% of the current circulating supply, valued at about $1.4 million;
  • Venom (VENOM) will unlock about 33.76 million tokens at 4 PM Beijing time on January 25, accounting for 1.76% of the current circulating supply, valued at about $1.35 million.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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