Circle, the company behind the USD Coin (USDC), has made a crypto donation to the inaugural funds of the President-Elect of the United States of America, Donald Trump. Jeremy Allaire of Circle, the CEO of Circle, stated that the company will be giving $1 Million USDC on X. The donation is a major achievement for digital assets, given the increasing adoption of stablecoins as a tool for real-world use. Circle Donates $1M in USDC to Support Donald Trump’s Inauguration Fund According to a recent post on X by Jeremy Allaire, Circle has made a crypto donation of $1 million in USDC to the inaugural fund of President-elect Donald Trump. The announcement highlights the Trump Committee’s willingness to accept stablecoins, reflecting the evolving use of digital dollars in political funding. Circle CEO Jeremy Allaire emphasized the broader implications of the crypto donation. He noted that the donation underscores the increasing adoption of USDC in high-profile transactions. The contribution aligns with Circle’s mission of promoting digital currency as a viable tool for financial innovation in the United States. This announcement comes a few weeks after the stablecoin issuer’s partnership with Binance to increase the usage of USDC. The partnership aims to bring USDC into Binance with the ability to trade, transact, and hold in its corporate treasury. This particular partnership will help in the provision of stablecoin and further development of the world’s financial systems. Donald Trump Committee Embraces USDC The Trump Committee’s acceptance of USDC demonstrates the growing relevance of digital dollars in various sectors. The $1 million crypto donation is part of a record $170 million raised by the committee for the upcoming inauguration. Circle CEO’s statement highlighted the crypto donation as a significant milestone for Circle and USDC. He remarked on the Committee’s willingness to accept USDC as a payment method, calling it an indicator of how far digital currencies have come in gaining acceptance. Jeremy Allaire commented, “We are excited to be building a great American company, and the fact that the Committee took payment in USDC is an indicator of how far we have come and the potential and power of digital dollars.” Circle’s contribution underscores the stablecoin’s utility in large-scale financial transactions. Donald Trump’s campaign committee’s use of USDC sets a precedent for digital assets in political financing. Circle continues to advocate for the use of USDC in diverse industries, from commerce to governmental initiatives. Late last year, the stablecoin issuer received approval from the OSC and CSA, making USDC the first to meet Canada’s VRCA regulations. This milestone ensures that USDC remains available on compliant Canadian platforms. Will Trump’s Administration Create a US Bitcoin Reserve in 2025? As Donald Trump’s inauguration nears, discussions around a US Bitcoin reserve have gained momentum . Industry leaders are urging the incoming administration to establish a federally-backed Bitcoin reserve to strengthen the nation’s financial infrastructure. The Bitcoin Policy Institute has proposed allocating $21 billion to build the reserve. Analysts suggest that the initiative could define Trump’s administration as a champion of digital innovation. Whether the proposal advances remains to be seen, but it underscores the crypto industry’s high hopes for the upcoming presidency. In addition, following Circle’s crypto donation, CNBC has reported that Google also contributed $1 million to Donald Trump’s inauguration fund. Google’s global head of government affairs, Karan Bhatia, confirmed the donation and announced plans to livestream the inauguration on YouTube. Other tech giants, including Meta, OpenAI, Amazon, and Apple, have also reportedly made contributions to the inaugural committee. The post Crypto Donation: Circle CEO Announces $1M USDC Support for Donald Trump’s Inauguration appeared first on CoinGape .
Solana price continues to see elevated selling pressure as the sentiment in the crypto industry worsens. Crucial SOL bullish predictions have slipped as the coin has formed several risky chart patterns. So, will it bounce back on January 9 or will the downtrend continue? Solana Price Support and Resistance Levels The outlook for the SOL price continues to darken today. It has dropped below the 50-day moving average and formed the risky three black crows candlestick pattern. This pattern is made up of three consecutive bearish candlesticks and is often a risky sign. Also, the Relative Strength Index (RSI) has slipped below the neutral point at 50 and is pointing downwards. Therefore, the outlook for the Solana price is bearish, with the potential target being at $175, the lowest swing on December 20. On the positive side, SOL price token sits at the major S/R pivot point of the Murrey Math Lines indicator. In many instances, this level often provides some substantial support for an asset. It is also notable because it coincides with the small ascending trendline that links the lowest points since December 20. That is a sign that the coin may find some buyers at this level. If that happens, the Solana price may rebound to the top of the trading range at $203. Therefore, Solana’s first support level is at $175.83, followed by the Strong, Pivot Reverse at $156. Its first resistance is at the psychological point at $200, followed by the strong pivot reverse level at $220. Solana Price Chart SOL Odds Of Hitting $210 Are Falling Crypto traders have turned highly bearish on Solana. According to Polymarket , the odds of Solana price rising to $215 by January 10 have fallen to a record low of 2%. This is a big drop since these odds stood at over 70% a few days ago. Solana Price Odds Solana’s recent downtrend trend is happening because of the ongoing Bitcoin sell-off and the change in sentiment among traders. Bitcoin price has crashed below $95,000, while the crypto fear and greed index has moved from the greed zone of 65 to the neutral point of 55. This sell-off is mostly because of the rising bond yields as hopes of more rate cuts fade. Minutes released this week showed that officials are concerned about inflation. They now expect to cut rates two times this year. In the future, however, Solana price has more catalysts that could push it higher. Odds of a SOL ETF approval have risen, while its fees and network activity have continued soaring this year. The post Solana (SOL) Price Analysis for Today, 9 January 2025 appeared first on CoinGape .
The crypto market is witnessing significant developments, with Shiba Inu’s burn rate soaring amidst contrasting price movements. As the market fluctuates, the implications of these events on investor sentiment and
While Bitcoin has corrected itself slightly, the general sentiment within the market continues to be bullish, with many believing this price slump to be a healthy move before the market makes a new high. Thanks to this speculation, investors have been actively on the lookout for new cryptocurrencies that could be profitable investments in the upcoming rally. While there are hundreds of projects to choose from, a few projects stood out as some of the most sought-after, thanks to their early stages and unique, creative concepts. Best New Cryptocurrencies to Buy Right Now Let us take a detailed look at each of these high-potential new cryptocurrencies: Meme Index – Trending Project With a Revolutionary Index-Based Concept Meme Index introduces a fresh approach to meme coin investing by offering an index-based structure curated to accommodate various risk appetites. With four indexes ranging from low-risk, stable investments to high-risk, high-reward picks, it provides a unique way for investors to diversify their portfolios within the meme token space. The use case may seem simple, but Meme Index may be among the first projects in the space to come up with such a concept, which many believe could be a huge hit in the coming months as meme coins start rallying. The project has already raised over $2 million from its presale, which directly reflects strong market interest. This early success is further amplified by endorsements from popular crypto influencers and YouTubers, who regard it as a high-potential investment. In addition to its innovative concept, Meme Index supports staking, enabling token holders to earn rewards while holding their investments. This combination of features positions it as one of the best new cryptocurrencies, especially for those seeking exposure to the meme token market. Visit Meme Index Solaxy – Innovative Cryptocurrency Featuring Solana's First L2 Chain Solaxy has become a highly watchlisted project, thanks to its concept. The project aims to launch the first Layer 2 (L2) scaling solution for the Solana blockchain. Designed to provide unmatched scalability for both developers and investors, it addresses critical challenges like network congestion and failed transactions. With interoperability across Solana and Ethereum, the project offers flexibility and performance benefits. The timing couldn't be better, as Solana’s ecosystem is gaining immense traction. By solving key pain points within the blockchain space, Solaxy has become a valuable addition to the network, highlighted by many of its followers through their social media posts across platforms. Its native token, SOLX, is currently in its presale stage and has raised over $9 million, which is impressive for a project still in its early stage. The sheer scale of funding, its practical utility, and continuous community growth has put Solaxy in a good place for growth, both in the ongoing presale and once it gets launched going forward. Visit Solaxy Wall Street Pepe – A Community-Centric Trading Ecosystem for Meme Coin Enthusiasts Wall Street Pepe has become one of the most trending meme coin projects of 2025, with its presale raising over $44 million. This amount of demand for a meme coin is worthy of appreciation since such high presale funding for a project like Wall Street Pepe is impressive, even in a bull market. The project leverages its community-centric design to cater to the degen meme coin culture, offering tools like token insights, trading strategies, and community-based learning benefits. These features will empower users with the knowledge and resources to make smarter trading decisions. Wall Street Pepe also introduces a "degen token picks" feature, helping investors discover promising tokens. Winning is a vibe and I’ve got it. 🐸 ⚔️ pic.twitter.com/XbH9kImFGS — Wall Street Pepe (@WEPEToken) January 7, 2025 Its growing community and consistent buzz on social media platforms seem to be a strong indication of the project’s virality. With a focus on creating value for meme coin enthusiasts, Wall Street Pepe is undoubtedly one of the most intriguing launches this year. Visit Wall Street Pepe Catslap – Degen Meme Coin Presale With Huge Virality Potential If one is looking for a project with a truly bizarre yet entertaining concept, Catslap delivers. Like Wall Street Pepe, it appeals to the degen meme coin crowd but takes a playful approach with its "slap-to-earn" mechanism. Users engage with the website's interactive cat slap feature, which gauges engagement and rewards participants based on their activity. In terms of performance, Catslap is currently up by over 2600% from its launch price, proving its ability to capture market attention. Major crypto news outlets have extensively covered Catslap, further driving its popularity. With its unique theme and virality element, Catslap has established itself as a meme coin worth watching out for in 2025, continuing to gain traction post-launch. Visit Catslap Best Wallet Token – New Cryptocurrency Presale by an Established Web3 Wallet Ecosystem Best Wallet Token has been introduced as a promising new cryptocurrency, supported by a well-established Web3 wallet ecosystem. With thousands of active users worldwide, the project benefits from a strong foundation of trust and utility, thanks to the Best Wallet platform. The presale for BEST has generated significant excitement, thanks to its growing presence on social media. The token provides multiple use cases within the Best Wallet ecosystem, including early access to upcoming projects, reduced transaction fees, staking opportunities, and governance rights. I buy presale Best Token in BEST WALLET. Go to the moon — Viet Nguyen (@VietNguyen8699) January 8, 2025 As the Best Wallet focuses on building an entire Web3 ecosystem going forward, the BEST token and its presale may form the foundation of its growth, which many of the community members are highly bullish about. These features, along with the ecosystem’s proven track record, could place BEST as a top contender for significant growth. As the wallet continues to expand its offerings, the demand for its native token is likely to increase. Visit Best Wallet Token Presale Final Words Investing in new cryptocurrencies may often be the best way to stay in trend and park funds into projects with existing potential. Whether they are presale projects or ones that have already been launched, community strength, concept quality, and other elements are of huge importance. The projects we have covered above feature all these qualities, which makes them options to not overlook if one is looking to make massive gains in this upcoming altcoin season. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
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On January 9th, COINOTAG reported that Grayscale Investments has made significant adjustments to its cryptocurrency large cap fund, reallocating a substantial 90% of assets to Bitcoin and Ethereum. This strategic
The post Crypto Market Plunging Down: Is Ethereum Sliding Below $3000 as Bitcoin Heads to $88,000? appeared first on Coinpedia Fintech News The crypto markets are plunging down! Bitcoin formed lows below $92,000 after falling to sustain above the gains. Meanwhile, the latest rejection from $4100 appears to have largely impacted the Ethereum price rally as the token is expected to lose support at $300. On the other hand, the trader’s interest in the token has faded to a large extent as the transaction count and volume have depleted. Active address count is an indicator that sheds light on the traffic over the platform, which in turn impacts the volatility of the token. A rise in the levels suggests an increase in the buy, sell, or swap trade over the platform, which may either increase or decrease the price. This change in prices attracts fresh volume over the token that is usually in favour of the bulls. Unfortunately, these levels have been declining since the last few days of 2024 and despite a rebound, it continued to form lower highs and lows. This indicates a massive drop in the trader’s participation, due to which a notable drop in the transaction count has also been recorded. With this, the price is expected to maintain a consolidated trend and as the bearish influence over the markets has increased, the ETH price is expected to undergo a 10% pullback soon. The weekly price action suggests the price is on its way to test the immediate support zone below $3000 between $2929 and $2814. However, a rebound is expected after reaching these levels that may elevate the levels back to $4000. This may complete the inverse head & shoulder pattern, which may further trigger a huge 50% upswing to mark fresh highs somewhere above $6500. Previously, when the Ethereum (ETH) price broke down from the neckline of the head & shoulder pattern, that triggered a 60% pullback, forming the lows below $1000. Therefore, a reverse effect now may initiate a similar upswing to form a new ATH in the upcoming days.
Crypto prices slipped this week as the Fed’s minutes revealed a hawkish outlook due to increasing inflation concerns. Bitcoin ( BTC ) and the broader cryptocurrency market buckled on Jan. 9, extending a multi-day downturn with the total digital asset sector down 4% to $3.37 trillion in 24 hours. A QCP Capital researcher wrote on Telegram that macro headwinds weighed on crypto prices after minutes from a Federal Reserve meeting shared late on Wednesday, Jan. 8. Fed governor Christopher J. Waller said the central bank would stagger any further rate cuts to curtail rising inflation risks. The Fed indicated that they will slow down the pace of rate cuts given that the risks of inflation have increased. Yesterday’s ADP employment survey also added to macro uncertainty, showing a slowdown in both private sector hiring and wage gains. This heavily contrasted with Tuesday’s JOLTS jobs openings which painted a stronger labour market. QCP Capital on crypto downslide You might also like: Mark Cuban chooses Bitcoin over Gold as economic hedge After a rebound to $95,200, Bitcoin fell below its key support level of $92,500. QCP noted that BTC could consolidate between $92,000 and $95,000 until the next rally. It could also visit the $90,000 level if $92,000 is breached, the trading desk said. 24-hour BTC price chart – Jan. 9 | Source: crypto.news Bitcoin could also face selling pressure from the U.S. government, as the Department of Justice reportedly approved $6.5 billion of seized Silk Road BTC for sale. The DOJ’s decision came shortly before the inauguration of President Donald Trump. Some crypto advocates speculated on the timing of the DOJ’s announcement due to Trump’s promises to halt all government BTC sales and establish a national reserve. Yet, the impact of such a sale may be short-term due to demand from institutional giants like MicroStrategy and spot BTC exchange-traded funds on Wall Street. Trillion-dollar wealth manager Fidelity also expects more countries, companies, and governments to buy Bitcoin in 2025, which may boost market prices. Read more: Markets 3 reasons why Bitcoin price may surge to $123k in January
Renowned Bitcoiner Saylor has sparked hot discussion with his recent BTC tweet
Follow Frank on X . Perhaps the best way to decentralize the Bitcoin network is through home mining, and things are trending in the right direction. Yesterday, Solo Satoshi announced the Bitaxe Touch, the latest device in the world of home bitcoin mining. This new device will utilize the BM1370 ASIC chip from the Bitmain S21 Pro and will be able to reach a hashrate of up to 1.6 TH/s. It will also feature a touch screen that displays Bitcoin network stats including the total network hashrate, overall network difficulty and the block height. Say hello to the future of Bitcoin home mining. The world’s first open source touch screen Bitcoin miner. Built on top of Bitaxe and AxeOS, this device marks another chapter in the Open Source Bitcoin Mining Revolution. Solo Satoshi presents: The Bitaxe Touch. pic.twitter.com/8AVCBvfCRo — Solo Satoshi ™⚡️ (@SoloSatoshi) January 8, 2025 Part of what’s fueling innovation like the Bitaxe Touch is the work of Open Source Miners United, a Discord group started by Skot from Bitaxe with over 5,500 members where home mining enthusiasts share ideas and blueprints for new devices. The group has been set up so that anyone who wants to contribute to the development of the Bitaxe project can do so, and it even offers grants to certain contributors. The work of such contributors will likely be made easier when Block releases its own ASIC chip , which mining device developers will be able to use in their machines. And for those of you who aren’t so technically-inclined but who still want to get into the home mining space (and who live in colder climates), you can always purchase a Heatbit , which is essentially a plug-and-play home mining device that also serves as a space heater and an air purifier. Even with all of these new devices coming to market, I still believe we’re in the early innings of the home bitcoin mining movement and that this space will continue to blossom as more developers and everyday people enter into it. Indeed, the future of home mining is looking bright.