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1Bitget Daily Digest (January 20) | Following $TRUMP, First Lady launches $MELANIA; Bitget market growth ranks first2Bernstein says some may cringe, but Trump memecoin is a 'paradigm shift' in US crypto approach3Trump's inauguration will begin at 9:30 a.m. EST on January 20
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Flash
- 00:37The Trump family's encryption project, WLFI, announced the purchase of various assets to celebrate its inauguration, including ETH, wBTC and othersChainCatcher News, according to the Trump family's crypto project WLFI post on platform X, in commemoration of Trump taking office as the 47th President of the United States, today announced the following strategic buy-in measures and is full of expectations for the future: $47,000,000 in ETH; $47,000,000 in wBTC; $4,700,000 in Aave; $4,700,000 in LINK; $4,700,000 in TRX; $4,700.00 ENA.
- 00:24Billionaire Mark Cuban is considering creating a meme coin in the future, with sales revenue going to the U.S. Treasury DepartmentChainCatcher reports, billionaire entrepreneur and cryptocurrency advocate Mark Cuban stated on the X platform: "If Meme coins are the trend of the future, maybe I'll issue one. However, I would add some novelty. The issuance terms will be the same as TRUMP's: 20% circulation volume, with a similar release plan. But there is one difference. All proceeds from token sales will go directly to the U.S Treasury Department. The wallet address will be made public so that everyone can track where the funds are going. If you want to take a gamble, then go ahead. But at least use this money to help reduce America's debt."
- 00:18Arthur Hayes: I believe that Trump will not start building a Bitcoin reserveBitMex co-founder and former CEO Arthur Hayes said, "I don't think Trump will start building a Bitcoin reserve. After all, I don't know what the point is of borrowing money to buy Bitcoin on any of Trump's platforms." He said, "You have so much borrowing power before destroying the bond market. Would you borrow money to buy Bitcoin? Would you borrow money to provide healthcare for your elderly voters or make more bombs so that defense lobbying groups like you? You can borrow money to buy many different things. I just don't think he would spend it on Bitcoin. Although Bitcoin supporters believe that Bitcoin is important, there are many other stakeholders who hope that borrowed money can go into their pockets." Regarding implementing a bitcoin reserve, Hayes said "I hope I'm wrong." But he pointed out that time is limited before midterm elections which could limit the ability to implement major policy changes and there are also many other things requiring allocation of time and budget.