Cryptocurrency companies Ripple and Kraken have collectively pledged $6 million to support President-elect Donald Trump’s inauguration. Ripple is contributing $5 million in its native XRP token, while Kraken has donated $1 million to the Trump-Vance inaugural committee managing the celebrations. Ripple and Kraken Pledge $6M For Donald Trump Inauguration According to a report by FOX Business , Ripple and Kraken are among the cryptocurrency firms contributing to the record-breaking $200 million inaugural fund. The contributions aim to support the three-day celebration marking the swearing-in of Donald Trump and Vice President-elect J.D. Vance on January 20, 2025. Ripple’s $5 million donation will be made in its native XRP token. This reflects the XRP company’s commitment to advancing its presence in the political landscape. Similarly, Kraken, a top crypto exchange , has contributed $1 million in support of the inaugural events. This marks the first time many crypto companies have participated in funding a presidential inauguration. Additionally, President-elect Donald Trump has acted quickly to deliver on his campaign promises to support the cryptocurrency industry. Trump recently nominated Paul Atkins , known for his crypto-friendly stance, as the next chairman of the Securities and Exchange Commission (SEC). Concurrently, David Sacks has been appointed as the first-ever crypto and AI czar, tasked with bridging the gap between the industry and regulators. Sacks will oversee policy initiatives and head the Presidential Council of Advisors for Science and Technology. Showcasing his crypto-friendly stance, the new crypto czar has already outlined plans to investigate Operation Choke Point 2.0 amid growing industry complaints. David Sacks has pledged to address the concerns highlighted by Coinbase’s release of FDIC “pause letters.” Tech and Crypto Leaders Join Record-Breaking Inaugural Fund The Trump-Vance inaugural committee has already raised $200 million, surpassing all previous records. Major contributions from tech giants like Jeff Bezos, Mark Zuckerberg, and Vlad Tenev, alongside cryptocurrency leaders, underscore the broad support for the event. Each of these tech executives has pledged $1 million or more to the fund. Stressing the importance of crypto industry support for the president-elect, Kraken co-CEO Arjun Sethi told FOX Business, “For the first time, we have a President who truly understands the potential of disruptive technology and embraces the crypto sector. We’re excited to continue to work with President-Elect Trump and his administration to push for long-overdue regulatory clarity and unlock this next wave of innovation.” These developments come as the US appeals court reveals key dates for the Ripple case. The opening brief is scheduled for March 6, 2025, and XRP company’s answering brief is due by April 7, 2025. The court also set deadlines for the mediation questionnaire and appeal transcripts, marking significant steps in the long-running XRP lawsuit. The post Ripple & Kraken Contribute $6M To Donald Trump Inauguration appeared first on CoinGape .
The native token of a decentralized fiat stablecoin-issuing platform is rallying against the dipping crypto markets. Two days ago, the world’s largest crypto exchange by trading volume, Binance, added support for Usual Protocol ( USUAL ). “Binance is excited to announce that Usual (USUAL) will be added to Binance Simple Earn, Buy Crypto, Binance Convert, Binance Margin, Binance Auto-Invest, and Binance Futures at the respective dates and timings listed below.” According to a post on the social media platform X from Usual in response to the Binance listing, the team says the protocol aims to usher in a “stablecoin renaissance”. “9 0% for the Community: Usual is built to empower, with the majority of tokens for users. No VC (venture capital)/Team Dumps: Just 10% allocated to insiders, cliffed for one year. 100% Revenue for the DAO (decentralized autonomous organization): Every $ of revenue belongs to USUAL holders” According to the Usual Protocol’s website , USUAL acts as a governance token performing two major functions: “1. Usual is a multi-chain infrastructure that aggregates the growing tokenized Real-World Assets (RWAs) from entities like BlackRock, Ondo, Mountain Protocol, M0 or Hashnote to transform them into a permissionless, on-chain verifiable, and composable stablecoin (USD0). 2. Usual is built around the redistribution of power and ownership to users & third parties, akin to a scenario where Tether’s TVL providers would own the company and the associated revenues.” USUAL is going for $1.43 at time of writing, up 17% on the day. Meanwhile, the total crypto market cap is down 6% over the same period. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post It’s Not Unusual: Stablecoin Platform Altcoin USUAL Bucks Crypto Downtrend Following Binance Listing appeared first on The Daily Hodl .
The market for Dogecoin (DOGE) is contracting: the memecoin shed more than 25% of its value during the last three days. The broader market is still bearing the brunt of Bitcoin’s crash, worrying both investors and speculators. Related Reading: SUI The Rising Star: Analyst Foresees Over $25 Breakthrough Market Overview: A Sudden Change The recent drop in the value of crypto assets has caused around $787 million to be lost through liquidations of different types of digital assets. Dogecoin, which is often considered as a joke, has been among the hardest hit. Approximately $29 million in DOGE liquidations were recorded recently, with bullish positions suffering the most losses, according to CoinGlass data. In a mere 24 hours, the price of Dogecoin plummeted to a low of $0.34 before ultimately stabilizing at approximately $0.365, a 6.05% decline. Macroeconomic issues influencing more general market movements can help to explain this fall. The Federal Reserve’s concern about interest rate cuts has aggravated bearish attitude. For example, Ethereum and Dogecoin followed suit after Bitcoin’s value dropped to the $94k level. A Closer Examination Of Liquidation Issues Approximately $24 million in bullish wagers on Dogecoin were liquidated in the past 24 hours, while $5.93 million in losses were attributed to short positions. The market’s present extreme volatility is underscored by this wave of liquidations. Dogecoin is currently approaching critical support levels, as noted by analysts. Some analysts have speculated that it could fall below $0.20 if adverse momentum persists. Key support levels for DOGE are being closely monitored by market analysts. The Relative Strength Index (RSI) suggests that Dogecoin may be oversold, which could indicate a potential rebound if traders are able to effectively defend the critical price zones. Related Reading: Solana Poised For Growth In 2025 With Record $173 Million Q3 Funding—Report The Road Ahead For Dogecoin Despite the present challenges, market watchers’ future expectations of Dogecoin remain high. Some analysts believe that DOGE’s capacity to maintain a weekly closing above $0.26 will help to create a recovery rally toward higher goals. Still, the reality of continuous market pressures and unpredictability helps to temper this hope. As they negotiate this stormy terrain, many traders are left wondering how low Dogecoin might fall before it finds solid ground. Given the expected significant price swings in the next days and weeks, all eyes will be on this famous meme coin as it tries to recuperate in the face of a difficult crypto climate. Featured image from DALL-E, chart from TradingView
If more buyers fail to step in as selling pressure increases, MOVE could drop to $0.57.
MicroStrategy Inc. co-founder and executive Chairman Michael Saylor says he is willing to advise Trump on cryptocurrency policy when the crypto advisory council is set. During the Dec. 18 episode of the Open Interest show on Bloomberg Television, Saylor voiced…
MicroStrategy Inc. co-founder and executive Chairman Michael Saylor says he is willing to advise Trump on cryptocurrency policy when the crypto advisory council is set. During the Dec. 18 episode of the Open Interest show on Bloomberg Television, Saylor voiced his willingness to provide his advice on the digital assets policy to President-elect Donald Trump, either publicly or confidently, if he is asked to do so. Before expressing his willingness to advise Trump on the crypto policy, Saylor admitted that he had already met “with a lot of people” in the incoming administration but declined to specify the personalities nor mentioned if he already met Trump. Is Saylor fit for a position? Since the 2020s, Michael Saylor has been one of the key Bitcoin advocates and investors. Saylor is one who puts money where his mouth is, as he personally spent around one billion dollars on BTC. In 2020, Saylor took to X (Twitter at the time) to announce that he personally owns 17,732 bitcoins and that he acquired these coins before MicroStrategy (MSTR) made the first massive purchase of bitcoins. YahooFinance! reports that currently MicroStrategy owns around 440,000 BTC, which is close to a 2% share of the entire BTC supply. MicroStrategy made headlines on the eve of the latest BTC price peak when the company was included in the Nasdaq 100 index. Read more: MicroStrategy to join Nasdaq-100 Index following Bitcoin-driven stock surge Michael Saylor names Bitcoin an apex property of the human race and has an insatiable thirst for bitcoins. He compares Bitcoin to the territories like Manhattan or Alaska that were bought by the early colonist administration, specifying that Bitcoin is rather a kind of cyberspace. That’s why MicroStrategy aims to own bitcoins in bulk. According to Saylor, buying as much of this “space” as possible is crucial for the United States. This vision speaks to the statement posted by Donald Trump on the Truth Social platform. “We want all the remaining Bitcoin to be MADE IN THE USA!” the post reads . Saylor singled out Trump as the most crypto-friendly Republican politician. It seems that Saylor shares the President-elect’s views on Bitcoin. Although not an outright GOP supporter, in September, Saylor made claims that he sees Republicans as a more progressive party when it comes to cryptocurrency regulation. He names regulation pressure decrease, treating crypto as a tool to boost the U.S. economy, and encouraging individuals to pursue their economic aims using digital finance as progressive characteristics of the Republican approach to the crypto industry. What Do We Know About the Crypto Advisory Council? Trump proposed the creation of a crypto advisory council during his now famous speech at the Nashville cryptocurrency conference in July 2024. As of December, not much information about the preparations of this council has been made public. The participating companies’ lineup is not clear yet. However, it has been reported that such brands as Coinbase, Ripple Labs, Paradigm, and Andreessen Horowitz (a16z) are seeking interactions with the incoming administration. Allegedly, an a16z rep was involved in advising the Trump team during the presidential campaign. On December 6, Trump introduced entrepreneur and venture capitalist David O. Sacks as the “White House A.I. and Crypto Czar” via the Truth Social post. It’s worth saying that, to say the least, before 2024, Trump wasn’t an avid crypto enthusiast. In the past , the President-elect made a series of anti-crypto remarks, calling Bitcoin “not money” and saying that the value of cryptocurrencies is based on thin air. However, the 2024 Presidential campaign saw a drastic change in Trump’s stance on crypto. He started to take donations in digital currencies, visited a major crypto conference in Nashville where he promised to make America “a crypto capital of the world,” and made several important proposals concerning the cryptocurrency policy. On top of tax cuts for the U.S. cryptocurrency companies, the removal of Gary Gensler from the SEC, and the creation of the strategic Bitcoin reserve, Trump announced the creation of the advisory body with the leading position granted to the richest man on Earth and his passionate supporter Elon Musk. This unofficial agency is called The Department of Government Efficiency, or simply DOGE, a reference to a legendary memecoin, a notorious soft place of a Tesla CEO . Who knows just what else to expect from Donald Trump when he goes crypto? You might also like: Crypto firms vying for a place on Trump’s ‘Crypto Council’: report
Ripple just dropped $5 million in XRP into President Donald Trump’s inauguration fund. The Trump-Vance inaugural committee reportedly confirmed it, and it’s the largest crypto contribution they got. The fund, which has already hit over $200 million, will fuel a three-day bash celebrating Trump’s win and VP-elect JD Vance. Coinbase and Kraken each pledged $1 million, while MoonPay chipped in too, though they haven’t shared how much. Kraken co-CEO Arjun Sethi told FOX Business said: “For the first time, we have a President who truly understands the potential of disruptive technology and embraces the crypto sector. We’re excited to continue to work with President-Elect Trump and his administration to push for long-overdue regulatory clarity and unlock this next wave of innovation.” Setting new records The inaugural committee has already smashed fundraising records. They’ve blown past the $107 million raised for Trump’s first inauguration in 2017 and Biden’s $62 million in 2021. Insiders say the total could hit $225 million by Inauguration Day. Major names in tech and crypto, like Jesse Powell from Kraken and Marc Andreessen from Andreessen Horowitz, are also on board. They see Trump as a leader who understands blockchain’s potential and are betting he’ll make policies that encourage innovation. The president has already proven that he meant everything he said during his campaign. The Trump administration is stacked. Former SEC commissioner Paul Atkins, known for being an early Bitcoin believer, will take over from Gary Gensler as SEC Chair. He is expected to ease up on crypto regulations. David Sacks is also joining as the first crypto and AI czar. He’ll work on bridging the gap between regulators and the crypto industry while leading the Presidential Council of Advisors for Science and Technology. Other pro-crypto picks include Scott Bessent as Treasury Secretary and Howard Lutnick as Commerce Secretary, both strong supporters of blockchain. Ripple’s moment and XRP’s rise This spotlight on Ripple brings XRP (XRP) back into focus. The token has had a strong year after its legal battle with the SEC ended in a win. A court ruled that XRP isn’t a security, restoring confidence in the token and pushing its price higher. As of press time, it is the fourth-largest cryptocurrency by market cap, trading at about $2.30—up nearly 500% since the legal win. Analysts are watching resistance at $2.58, with targets of $2.92 and $4.50, while support levels sit at $2.35 and $1.96. Ripple also just launched RLUSD, its dollar-pegged stablecoin, on December 16. Approved by the New York State Department of Financial Services, it’s available on both Ethereum and the XRP Ledger. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
Rumble partners with Tether in a $775M deal, sparking speculation on future crypto payment integrations. The post Rumble secures $775 million investment from Tether appeared first on Crypto Briefing .
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December 20, 2024 – Dubai, United Arab Emirates In a significant move, Binance Futures, the leading cryptocurrency derivatives exchange platform, today announced the launch of its CGPT/USDT perpetual contract. This latest addition expands the platform’s trading offerings while highlighting the growing prominence of AI-focused cryptocurrencies in the digital asset ecosystem. The new perpetual contract introduces advanced trading capabilities for ChainGPT token (CGPT), offering traders leverage of up to 75x with USDT as the settlement asset. This addition to Binance Futures’ suite of products demonstrates the platform’s commitment to providing diverse trading opportunities while meeting the evolving demands of cryptocurrency traders. Commenting on this, Ilan Rakhmanov, founder of ChainGPT and CEO of ChainGPT Software, said, “The listing of CGPT on Binance Futures is a testament to the token’s utility and importance in the Web 3.0 space. “It offers our community another dynamic way to engage with CGPT while showcasing its role in the expanding ChainGPT ecosystem.” The perpetual contract format allows traders to hold positions indefinitely without expiration dates, providing flexibility for short-term and long-term trading strategies. Implementing a ±2.00% capped funding rate with four-hour settlements ensures a stable and predictable trading environment for all participants. Trading of CGPT/USDT perpetual contracts will be available through Binance Futures’ advanced trading interface, which provides robust risk management tools and real-time market data to support informed trading decisions. Key features of the CGPT/USDT perpetual contract Maximum leverage – 75x Settlement asset – USDT Trading availability – 24/7 Capped funding rate – ±2.00% with four-hour settlement intervals Multi-assets mode support – Enables trading using various margin assets, including BTC For more information about the CGPT/USDT perpetual contract and how to start trading, please visit Binance Futures’ official website or contact the support team. About ChainGPT Incepted in 2023, ChainGPT is a leading provider of AI-powered tools for the blockchain and Web 3.0 industries. It emerged as a project to bridge the gap between blockchain technology and AI, creating innovative solutions for the Web 3.0 ecosystem. Leveraging advanced AI techniques, ChainGPT enhances blockchain functionality with its tools and applications, including SDKs and APIs for automated smart contract generation, a Web 3.0 AI chatbot, an NFT generator and an IDO launchpad. With established partnerships and collaborations with industry leaders such as Google, Nvidia and BNB Chain, ChainGPT continues to pioneer efficient and user-friendly AI solutions in the blockchain space. As a relatively young but rapidly growing project, ChainGPT’s mission is to revolutionize the intersection of blockchain and AI, with a vision to unlock the potential of autonomous AI agents in Web 3.0. Users can learn more at the website . General resources Website | Crypto AI Hub | ChainGPT Labs | ChainGPT Pad | CryptoGuard | Documentation | CGPT DAO | AI NFT generator | Staking | Blog Community and social media X | Pad X | Telegram | TelegramBot | Discord | Instagram | LinkedIn | YouTube | TikTok To learn more about ChainGPT, users can visit the official ChainGPT.org website . For all inquiries, users can contact here . Contact Richa , PR lead at ChainGPT Sharon , ChainGPT This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility. Follow Us on Twitter Facebook Telegram Check out the Latest Industry Announcements The post Binance Futures Launches CGPT/USDT Perpetual Contracts appeared first on The Daily Hodl .