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Quick Take Several asset managers filed a flurry of ETF proposals as Donald Trump’s inauguration grows near, proposing funds such as a Litecoin ETF, XRP and Solana leveraged, inverse, and futures funds, actively managed digital asset funds, and more.
Trump’s inauguration and the performance of crypto derivatives could play a significant role in pushing ETH’s price to attain the $4,000 price mark.
Quick Take Ryan Fournier, co-founder of the Students for Trump organization, faced criticism from memecoin traders after admitting to selling half the supply of the “TIKTOK” memecoin, which crashed from a $90 million market cap to just $5 million after the sale. Fournier said he was given 50% of the token by its creator but sold it once the token “started cratering,” though he denied profiting off the token. Fournier claimed he felt defrauded by the creator of the memecoin and admitted to making a mistake
Quick Take President-elect Donald Trump said his election resulted in the stock market’s rally and bitcoin’s price rise in a victory speech in advance of his inauguration Monday. His comments came on the same day his wife Melania Trump launched her own memecoin, causing his token’s price to plunge.
MicroStrategy seeks shareholder approval to raise authorized shares to 10.33 billion, enabling greater financial flexibility.
- 13:32Musk's Poll on Whether to Establish the "American Party" Concludes with 65.4% SupportAccording to Jinse Finance, Elon Musk launched a poll on social media yesterday regarding the establishment of a new political party, the "American Party." The poll has now concluded, with over 1,248,000 accounts participating. Of these, 65.4% voted "Yes," while 34.6% voted "No."
- 13:27Ethereum Community Fund: A Series of Initiatives to Drive ETH Price to $10,000 Will Be Launched in the Coming WeeksAccording to ChainCatcher, the Ethereum Community Fund announced on social media that it will launch a series of initiatives in the coming weeks, including comprehensive funding details, the first batch of initiatives, information about the core team and contributors, as well as guidelines on how to apply, contribute, or start new projects. The Ethereum Community Fund stated that this marks the "dawn of a new era" for Ethereum. Since the fund's launch, it has received enthusiastic feedback from developers and researchers. The fund emphasized that it is not a think tank, but rather a "war chest," with the mission of driving the price of ETH to $10,000.
- 12:51Ethereum Community Fund: Driving ETH to $10,000, Full Grant Details to Be Released SoonAccording to Jinse Finance, the Ethereum Community Foundation announced on X that it has received enthusiastic feedback from the community since its launch. As a result, it will release comprehensive funding details, the first batch of initiatives, information about the core team and contributors, as well as instructions on how to apply or contribute in the coming weeks. The Ethereum Community Foundation emphasized that it is not a think tank, but rather a "war chest" aimed at driving ETH to $10,000.