According to a last-minute statement made by Binance, it has decided to list the Official Trump (TRUMP) memecoin in futures. The altcoin launched today has a total market value of over $4 billion and has risen by 208% in the last 24 hours. *This is not investment advice. Continue Reading: BREAKING: Binance Listed the Most Talked Memecoin of the Last Hours on Futures
Since 2024, the Oracle network’s Chainlink has been gaining investors’ attention consistently. In this period, the token formed multiple rallies but failed to surpass the ATH set four years ago. However, the current technical setup presents a LINK uptrend with a price targeting $50. Let’s discuss how these ambitious Chainlink price predictions will take place. Chainlink Price To Hit $50 Per Bull Flag Pattern After its bullish performance, the LINK token has gained investors’ attention. A crypto analyst, Michael van de Poppe, has called Chainlink a blue chip while highlighting its long-term growth potential. Others have predicted that this token will hit $32, $35, and even $50. At present, it is among the top cryptos of the market , trading at $24.30 with $15.5B in market capitalization. Interestingly, at this point, crypto analyst Ali Martinez identified the formation of the bull flag pattern, with which Chainlink price could target $50 in the long run. According to Ali LINK prediction , the four-hour price chart showcases the formation of a falling wedge pattern, which usually results in a breakout. The current level presents the token near the 0.618 Fibonacci retracement level, acting as a launchpad for a bullish rally. The price breakdown will be confirmed at $24.47, from where it will initially target $27.18 and $30.36. According to him, the continuity of the uptrend will result in Chainlink price hitting $37.61, $41.80, $50.93, and eventually $58.63 at the extreme. However, in contrast, the price can decline to $20.45 before finding support at that level. Although the bullish flag represents an upcoming uptrend, additional factors cater to this bullishness. Other Factors Favoring LINK’s Bullish Momentum The rumor of the Chainlink and BlackRock partnership is swinging investors’ sentiments towards the token. If this happened, the LINK price could hit new ATH, per a CoinGape article. Moreover, whale activity is at its peak for the crypto token, showing strong confidence in a bullish trajectory. A recent IntoTheBlock report mentioned the rise of large investors’ transaction volume from $35.6M to $185M within a week. It reached a peak transaction count of 613, which represents the increased interest of the large buyers, which drives the price rally. This demand and user confidence are also visible in Chainlink’s trading volume, which is maintaining a peak of around $1B. Such high trading volume often leads to further price uptrends. There are other factors, like Chainlink’s CCIP v1.5 upgrade and partnership with BTguru and many others, that help with its adoption. Key Points To Remember Despite the constant failures to achieve the ATH, the LINK token price is constantly rising with its growing adoption and investor interest. Multiple crypto analysts have presented a bullish outlook for the token, where Ali Martinez predicts Chainlink price will soon achieve the $50 and higher target. Ali’s prediction is based on the appearance of the bull flag pattern, indicating growth from the current level towards the new ATH. However, this analysis is based on current stats, so investors must run their own research and analysis, as market unpredictability could change the price trajectory. The post Expert Forecasts Chainlink Price to Target $50 Due to This Setup appeared first on CoinGape .
As President-elect Donald Trump prepares to take office, the crypto industry is abuzz with optimism about the potential for groundbreaking policy changes under the new administration. With Trump widely considered the most openly pro-crypto president in U.S. history, many expect a regulatory environment that encourages cooperation rather than enforcement. One of the most hotly debated questions is whether the new administration will make it easier to approve spot exchange-traded funds (ETFs) tracking Solana (SOL). Solana received significant attention in November after the U.S. Securities and Exchange Commission (SEC) hinted that it would look into S-1 ETF filings. But under its current leadership, the SEC has rejected filings from leading issuers including VanEck, 21Shares, Bitwise, WisdomTree and Canary Capital. “The SEC essentially refused to accept the latest Solana ETF filings,” according to Bloomberg analyst James Seyffart. Although applicants have filed the necessary 19b-4 forms to propose rule changes, sources claim the SEC has requested that all applications be withdrawn. These forms were critical to the approval of spot Bitcoin and Ethereum ETFs last year, supporting market optimism. Related News: Veteran Analyst Reveals the Scenario He Expects in Bitcoin This Weekend With the SEC leadership changing under Trump, analysts and industry leaders are cautiously optimistic. ETF Store President Nate Geraci suggested that Solana ETFs could receive approval by the end of 2025. However, regulatory timelines are quite strict. “The earliest approval is probably 240 days after new applications are filed,” said a senior executive at a company planning to issue the Solana ETF. “I would be very surprised if it’s earlier.” The executive noted that 240 days represents the statutory deadline for SEC responses after applications are filed. Steven McClurg, chief investment officer at Canary Capital, noted potential delays due to leadership transitions. “The optimistic estimate is by the end of 2025. It’s possible, but it’s very optimistic,” he said. “Crypto is not a top priority for the SEC, it’s a top priority for us, but not for them,” he added. Similarly, Vivian Fang, a finance professor at Indiana University, noted that while Trump’s administration has become more crypto-friendly, regulatory changes take time. “Even with a new SEC chair, many of the staff in the Division of Trading and Markets remain the same,” she said, cautioning against expecting immediate transformation. *This is not investment advice. Continue Reading: What’s the Latest on Solana ETFs? When Do Experts Expect Approval?
TL:DR; With just days left until he steps into office, Donald Trump has once again taken the crypto community’s focus. This time, it’s because he has evidently launched a meme coin that has already soared in value and is among the top 40 largest altcoins by market cap. Trump’s Official Meme Coin It’s safe to say that the crypto community has seen a lot of strange things in the past decade, especially when it comes down to meme coins. After all, there are some based on dogs, cats, famous frog characters, dead squirrels, and so on. However, it’s not every day that you see the promotion of a meme coin made by the president-elect of the world’s largest economy. Donald J. Trump, through his official accounts on Truth Social and X, announced yesterday that he has a new ‘official’ meme coin and urged his almost 100 million followers to ‘join my very special Trump Community.’ My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to https://t.co/GX3ZxT5xyq — Have Fun! pic.twitter.com/flIKYyfBrC — Donald J. Trump (@realDonaldTrump) January 18, 2025 A lot of people questioned the legitimacy of the project and guessed that his account was hacked. However, that doesn’t seem likely at the moment. The meme coin’s website resembles those made for Trump’s official NFT collections in the past, credited to the same licensee – CIC Digital. It shows that the current circulating supply is 200 million, but it could go up to as high as a billion within the next three years. Somewhat alarmingly, the groups that will own the biggest shares are ‘creators and CIC Digital,’ with a total percentage of 72%. While others praised the move and officially welcomed Trump to the cryptocurrency space, even though he already has such a project called World Liberty , some, such as ZachXBT, were a lot more skeptical . Welcome to Top 40 OFFICIAL TRUMP (TRUMP) is obviously today’s top gainer, and its value has skyrocketed by triple digits. According to data from CMC and CG, its market cap has soared to over $4 billion. Although the two platforms have slightly different valuations ($4.3 billion vs $4.05 billion) at press time, TRUMP has entered the top 40 largest alts by market cap on both. Moreover, TRUMP’s gains come amid a massive retracement from all other meme coins based on his presidential campaign and upcoming presidency. The post Donald Trump’s ‘Official’ Meme Coin Cracks Top 40 Altcoins: Crypto Community Reacts appeared first on CryptoPotato .
Switzerland is gearing up to adopt the Bitcoin reserve amidst growing cryptocurrency acceptance fueled by Donald Trump’s progressive policies. Cryptocurrency advocates nationwide propose considering BTC as a reserve asset along with the dollar, euro, and gold. This initiative tends to provide Bitcoin legal recognition in the European country. As per a recent report , the campaigners have begun collecting 100,000 signatures, triggering a national vote on Bitcoin adoption. This move could potentially pressure the Swiss National Bank (SNB) to reconsider its pessimistic approach to the flagship cryptocurrency. Switzerland To Vote For Bitcoin Reserve The Swiss Federal Chancellery kicked off the Bitcoin reserve proposal on December 31, 2024, following a failed attempt in October 2021. The motion gained increased attention when Donald Trump, who hails himself the “crypto President,” won the 2024 US election. The country launched the BTC proposal to amend the Swiss Federal Constitution, facilitating the addition of Bitcoin to the SNB portfolio. The deadline to gather the required signatures is June 30, 2026. After fulfilling the signature count, the proposal would reach the Federal Assembly and then for a public vote. Commenting on the Swiss public’s positive sentiment towards BTC reserve, crypto enthusiast Rino Borini cited, People here certainly show more interest and openness for Bitcoin as a store of value than in neighboring countries. It’s like with cash. The Swiss like it for its security and privacy. BTC To Overpower Centralized Assets While most of the reserve assets of the central bank are foreign, Switzerland is often dependent on other governments. With the adoption of a BTC reserve, many believe that the decentralized crypto asset could make the country’s financial ecosystem independent. Nonetheless, the traditionally conservative SNB has expressed skepticism over the Bitcoin reserve proposal despite growing public support for its adoption. Addressing the high volatility of BTC, SNB Chair Martin Schlegel raised concerns over the viability of crypto as payment. He dismissed the proposal in November, describing cryptocurrency as a “niche phenomenon.” In addition, the largest crypto by market cap constantly shows an unpredictable nature, which remains a major barrier for many to consider it a legitimate asset. UBS economist Alessandro Bee warned that Bitcoin’s high volatility poses risks of SNB’s equity shrinking with market fall. He added, “Over a longer period of time, the SNB’s credibility could suffer.” Swiss Economy Embraces Future of Finance Switzerland has been at the forefront of crypto adoption and blockchain advancements. The favorable regulatory framework and advanced technologies of the country have contributed to the growth of the Swiss crypto ecosystem. Also, the nation’s “crypto valley” and blockchain-focused education solidify its position as a global hub for cryptocurrency. Given that the Swiss accept the Bitcoin reserve proposal, it could potentially push the country to become a global leader. The post Will Switzerland Adopt Bitcoin Reserve? National Vote To Decide appeared first on CoinGape .
BTC returned above $100,000 following bullish speculations by crypto experts. Brian Armstrong endorsed a Bitcoin Reserve for the U.S. after meeting with Trump. Michael Novogratz thinks Bitcoin could surge to $500K during Trump’s administration. Bitcoin climbed back above $100,000 following bullish speculations by renowned cryptocurrency stakeholders, including Coinbase CEO Brian Armstrong and Michael Novogratz, CEO of Galaxy Investment Partners. Both highlighted factors that could drive Bitcoin’s value higher, including rumors of Donald Trump considering Bitcoin as part of a U.S. Strategic Reserve. In a recent podcast , a crypto analyst noted that Armstrong endorsed a Strategic Bitcoin Reserve for the U.S. after having a private meeting with Trump. Reports suggest Trump may designate cryptocurrency as a national priority, a move Armstrong believes could significantly benefit the U.S. crypto market. Related: Trump’s Crypto Policy Shake-Up: Bitcoin Stockpile, New Rules Ahead Congressional Changes Could Drive Crypto Adoption During an interview, Armstrong commended the United States’ new Congress, describing it as the “most crypto-friendly Congre… The post Bitcoin’s $100K Rally: Trump, Congress, and Crypto Adoption appeared first on Coin Edition .
Wyoming has taken a groundbreaking step toward establishing a Strategic Bitcoin Reserve, marking a significant milestone in state-led cryptocurrency adoption. A new bill , titled “State Funds-Investment in Bitcoin,” was introduced on January 17, just days before President-elect Donald Trump’s inauguration. If passed, the bill would authorize Wyoming to invest a portion of its state funds in Bitcoin, reinforcing its reputation as a pioneer in financial innovation. The proposal allows the Wyoming state treasurer to allocate up to 3% of funds from the general fund, the Permanent Wyoming Mineral Trust Fund, and the Permanent Land Fund into Bitcoin. Notably, the bill stipulates that if Bitcoin’s market value exceeds this 3% threshold, the state treasurer will not be required to liquidate holdings to meet the limit, signaling a long-term commitment to the asset. Wyoming Proposes Bold Bitcoin Investment Plan Wyoming Senator Cynthia Lummis, a staunch Bitcoin advocate, lauded the initiative on social media, calling it a “bold step toward a strategic Bitcoin reserve.” Lummis, who also introduced a similar bill at the federal level in July 2024, commended Wyoming Representative Jacob Wasserburger for championing the legislation, emphasizing its potential to position the state as a leader in financial innovation. “This forward-thinking approach will benefit our state as we lead the nation in financial innovation,” Lummis stated, underscoring the importance of diversification and Bitcoin’s growing role in modern finance. The bill’s introduction aligns with a broader trend of state-level interest in Bitcoin reserves. Wyoming joins a growing list of states, including Pennsylvania, Texas, and Ohio, that have proposed similar legislation, reflecting a collective recognition of Bitcoin as a strategic asset. Nationwide Momentum Builds The push for state-level Bitcoin reserves coincides with mounting speculation about the Trump administration’s potential plans to establish a national Bitcoin reserve . Betting platforms Kalshi and Polymarket have seen a surge in odds favoring the move, amplifying interest in state initiatives. Wyoming’s proposal also comes amid rising scrutiny of the U.S. government’s handling of its own Bitcoin holdings. On January 15, Lummis penned a letter to the U.S. Marshals Service questioning plans to liquidate 69,370 Bitcoin seized from the Silk Road asset forfeiture. She described the potential sale as politically motivated and urged for greater transparency. The post Wyoming Proposes Strategic Bitcoin Reserve: Details appeared first on TheCoinrise.com .
Hyperliquid has launched a TRUMP perpetual contract, enabling traders to leverage positions with up to 3x leverage. TRUMP meme coin by U.S. President-elect Donald Trump operates on the Solana blockchain. This move aligns with the platform’s strategy to offer innovative trading solutions and cater to community demand. Despite the positive development, the native token HYPE saw an 8% decline in the past 24 hours. Details of the TRUMP Perpetual Contract on Hyperliquid On January 18, Hyperliquid announced on X the listing of the TRUMP perpetual contract, a move driven by community interest. The contract uses on-chain AMMs for Oracle pricing, ensuring a decentralized approach. With up to 3x leverage, traders can speculate on its price movements and potential gains. However, the platform warns of risks, including low liquidity, high volatility, and increased liquidation potential. TRUMP Coin Becomes the First to Hit $10 Billion in Market Cap Donald Trump has officially launched the TRUMP meme coin, which can be purchased through its official website using debit cards or cryptocurrency. The coin has made history as the first cryptocurrency to surpass a $10 billion market cap within 24 hours of its launch. Available for trading on Hyperliquid, the token was trading at a price of $19.27 and recorded a 24-hour trading volume of $213 million, with $65 million in open interest. At the time of writing, the coin’s fully diluted valuation (FDV) has reached an astounding $19 billion, underscoring its remarkable market reception. My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to https://t.co/GX3ZxT5xyq — Have Fun! pic.twitter.com/flIKYyfBrC — Donald J. Trump (@realDonaldTrump) January 18, 2025 The TRUMP token’s primary liquidity pool on the Meteora protocol reported $12.2 million in revenue over the past 24 hours, ranking second only to Tether. If the current hourly fee income persists, the token’s total daily revenue could exceed $58.08 million. Hyperliquid Exchange and HYPE Token Performance Hyperliquid, a next-generation blockchain platform, is setting new standards in decentralized finance (DeFi) with its high-performance infrastructure and scalability. Over the past 24 hours, Hyperliquid’s exchange reported a trading volume of $6.65 billion across 72 listed tokens. The platform has 2 billion in locked value. Source: Defi Llama HYPE price was currently trading at $21.89, marking an 8% decline in the past day. Despite this drop, the token has risen by 585% over the last quarter, reflecting sustained investor confidence. HYPE’s market cap stands at $7.33 billion, with a 24-hour trading volume of $218 million—a 50% increase compared to the previous day. CoinGape recently reported Hyperliquid’s HYPE token among the 4 coins to watch as Bitcoin once again surpassed the $100K milestone. The post Hyperliquid Lists TRUMP Perpetual Contract Offering 3X Leverage appeared first on CoinGape .
ChatGPT’s head of product, Nick Turley, has been enlisted as part of the witnesses to help the United States Department of Justice (DOJ) in its antitrust lawsuit against Google. The United States government, in its quest to prove that Google’s competitors are facing entry challenges, has turned to the ChatGPT executive. The agency wants Turley to testify, in hopes that it will help solidify its claims. According to a ruling in August 2024, the court determined that Google held a monopoly in the search engine business. While Google has appealed the verdict, the United States DOJ is still hunting for penalties that the company should face. The DOJ wants several penalties ranging from placing a 10-year ban on the company from releasing any browser product or spinning off Chrome. ChatGPT exec enlisted as the DOJ’s new witness The Department of Justice (DOJ), in its bid to help its case against Google, has enlisted several competitors for help. Competitors like Perplexity, Microsoft, and OpenAI have been pulled into the legal tussle. It has also asked Perplexity Chief Business Officer Dmitry Shevelenko to testify. However, it remains unknown if Shevelenko will be willing to testify in the case. However, according to the recent legal filings, ChatGPT’s Nick Turley will take the stand in favor of the government. The DOJ specifically picked Turley to testify in behalf of OpenAI in the ongoing case. “Mr. Turley is the OpenAI witness who will testify on behalf of the government at the Evidentiary Hearing,” the filing read. According to the filing, the exact date that Turley will testify has not been picked. However, it is expected that the DOJ will ask him about “generative AI’s relationship with Search Access Points, distribution, barriers to entry and expansion, and data sharing,” according to the document. The DOJ has not gone into the details of what it intends to ask Turley about, but there is growing suspicion that it intends to ask Shevelenko the same questions. The DOJ’s search access point term refers to products like Google’s browser Chrome, that people use to access the web. Notably, OpenAI launched its AI search browser in October 2024. Google braces up for Turley’s testimony Google has taken steps to prepare itself for Turley’s testimony by sending a subpoena to OpenAI, asking for documents related to the case. This has put the firms in a heated argument over the extent of evidence OpenAI is allowed to disclose. In its legal filing, Google criticized OpenAI for sharing only a few documents with them. On the other hand, OpenAI criticized Google’s request, noting that asking for documents on CEO Sam Altman was intended to harass its executives. According to a letter from OpenAI’s legal counsels, it will share documents related to Turley’s work about the company’s strategy regarding AI products, its Microsoft partnership, and its integration of AI into its search products. However, Google claimed in its filing it wants documents on more executives, noting that limiting it to Turley will only prejudice them since the OpenAI executive was handpicked by the DOJ. Google also requested documents before the launch of ChatGPT in November 2022, noting that the these documents may undermine Turley’s testimony regarding barriers to entry in a way that documents after the launch won’t. OpenAI noted that the old documents before ChatGPT’s launch will not offer any meaningful representation of the current AI landscape. The issue has put both sides in a struggle, with OpenAI urging the court to reject Google’s full scale of requested evidence. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
Cryptocurrency trader and analyst Ali Martinez believes Ethereum ( ETH ) could have a massive breakout due to one key factor. Martinez tells his 114,500 followers on the social media platform X that crypto whales are loading up on Ethereum, adding buying pressure that could cause the altcoin to increase more than 100% above its current value. The analyst says that on-chain data is shows whales made more than $1 billion in total ETH purchases in the past seven days alone. “Whales have accumulated over 330,000 Ethereum in the past week, valued at more than $1 billion!” Source: Ali Martinez/X The analyst believes ETH may now be consolidating amid the buying frenzy before a “massive bullish breakout.” “This buying pressure is building momentum. Ethereum is currently forming the right shoulder of a head and shoulders pattern. While the $2,700 to $2,900 range serves as a buying opportunity, a sustained close above the neckline at $4,000 could result in a bullish breakout to $7,000.” According to the trader’s chart , Ethereum may be completing on the daily chart a bullish inverse head and shoulders pattern, which traders use in technical analysis to identify a potential trend reversal in a downtrend. “If you examine the formation of the left shoulder, ETH consolidated around $2,800 for 37 days in mid-April before moving higher. A similar consolidation could occur now while the right shoulder of this head-and-shoulders pattern develops.” Source: Ali Martinez/X Ethereum is trading at $3,486 at time of writing, up 5.4% in the last 24 hours. 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 Crypto Trader Says One Factor Could Trigger Massive Breakout for Ethereum – Here’s His Outlook appeared first on The Daily Hodl .