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1Bitget Daily Digest (January 21) | Trump completes inauguration, $TRUMP and MELANIA plunge, Solana becomes the battleground for hot money activity2SEC Commissioner Hester Peirce to lead new crypto task force3Donald Trump says 'I don't know much about' the TRUMP memecoin
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Flash
- 04:01Franklin Dumptun CEO: Trump will integrate traditional finance and cryptocurrency in a clearly regulated mannerPANews reported on January 22, according to Cointelegraph, Franklin Templeton CEO Jenny Johnson believes that the new Trump administration will begin promoting clearer regulation by integrating traditional finance and cryptocurrency. She stated in an interview with Bloomberg on January 21: "I think a characteristic of the Trump administration is that we will see them more integrated with traditional finance (TradeFi) and cryptocurrencies, which is what we need. We need some regulatory clarity to combine the two because fundamentally it will reduce costs and the innovation brought about by technology is huge. Blockchain technology can especially be used for future exchange-traded funds (ETFs) and mutual funds. I think it's very important to view blockchain as a technology. It's a programming language that performs exceptionally well in certain aspects. I do believe ETFs and mutual funds may eventually be built on blockchain because it's an extremely efficient technology."
- 03:52Trump: Biden left a "friendly" letter, will consider making its content publicTrump stated on the 21st that former President Biden left him a "friendly" letter in the White House's "Resolute Desk" (the President's desk), continuing the tradition of Inauguration Day. Trump told reporters that he opened this letter on the evening of the 20th and considered making it public. He said that Biden suggested he enjoy his term and emphasized the importance of this role. Trump said, "It was addressed to 'No. 47'. It was very good... Basically, it was an inspiring letter. Enjoy it, do well. This job is very important." Trump indicated that he felt he should let the public see this letter because it would be "positive" for Biden. In January 2021, Trump left a letter for his successor Biden. Biden stated that it was a "very generous" letter but never disclosed its content.
- 03:50Trump's comments on his namesake Meme coin trigger severe market fluctuationsAccording to a message from ChainCatcher reported by Decrypt, US President Trump expressed that he "doesn't know much" about his namesake Meme coin TRUMP, causing severe market fluctuations. In a meeting with tech executives, Trump said: "I heard it's very successful, but I haven't paid specific attention." After this statement was made, the TRUMP coin fell 16% from its 24-hour high of $48.18 to $40.29 but then rebounded to over $43.37. Currently, the market value of TRUMP is approximately $8.7 billion and has reached a fully diluted valuation of $43.6 billion. The token had previously experienced significant volatility due to First Lady Melania Trump launching competitive Meme coin MELANIA. On the day MELANIA was released, the price of TRUMP coin plummeted by 50%, while MELANIA surged by 12000%. In addition, according to Bubblemaps data, the supply of tokens for both TRUMP and MELANIA is concentrated in the hands of issuers. An anonymous trader turned an investment of one million dollars into profits exceeding $116 million through precise operations. Analysts warn that meme coins associated with Mr and Mrs Trump could exacerbate disagreements in Congress over cryptocurrencies and affect progress on crypto regulatory legislation.