Project Updates

Donald Trump's Ethereum Asset and Relation to Cryptocurrencies Former US President Donald Trump announced that he has $250,000 worth of Ethereum. This information came to light during an ongoing investigation into Trump's financial records. Trump and his inner circle are known for their interest in cryptocurrencies. The ongoing investigation aims to investigate the size of the former president's crypto holdings and whether he violated the law through crypto interactions. In December 2022, Trump approved Trump Digital Trading Cards, a collection of NFTs to his name. One day after the confirmation, the value of NFT skyrocketed, reaching an all-time high of 0.84 ETH. However, with the market downturns, the value of NFT also fell and the value of Trump Digital Trading Cards fell to 0.12 ETH, reflecting an 85% loss. Trump's wife, Melania Trump, also joined the NFT market. Melania converted some of the well-known images from the Moon landings with the Apollo spacecraft in the 1960s and 1970s into NFT and sold them for $75 each. However, NASA did not welcome this situation and declared that the rules regarding the use of its images for digital assets were violated. Trump's ownership of Ethereum may not necessarily indicate a violation of any law, given that the crypto token is not among the securities approved by US regulators. Ethereum is not among the crypto assets listed as securities and has not been involved in any of the recent lawsuits filed by the SEC against several crypto exchanges in the country. Therefore, former US president Trump may not face any charges as part of the ongoing investigation. However, the depreciation of NFT collections and Melania Trump's sale of NASA footage as NFT could spark new investigations.#GateioBountyCreator# #NewsMessenger# #GateLive# #contentstar# #MyFancyCreator# #HotTopicDiscussion#

This week, the crypto market experienced fluctuations, with Bitcoin rising 3.23% and Ethereum increasing 5.17%, but the total market capitalization decreased by 1.46%. There has been continuous capital outflow, with both BTC and ETH ETFs experiencing net outflows. Despite the price rise, market sentiment remains fearful, and attention needs to be paid to the Federal Reserve's interest rate decisions and developments in crypto regulation.

Trump launched his personal Meme coin TRUMP, causing significant fluctuations in the crypto market, with its market capitalization once exceeding 20 billion USD, leading to widespread impact. Although his project with Melania has been highly profitable, it has also sparked ethical controversies. The trend of celebrities issuing tokens will elevate the involvement of future political figures in the encryption field to new heights.

Market Overview This week, the cryptocurrency market has shown a wide range of fluctuations, with the market sentiment index dropping from 35% last week to 10%, entering an extreme fear zone. The market capitalization of stablecoins continues to grow, indicating that institutional funds are still entering the market; the poor market sentiment is mainly influenced by Trump's failure to timely launch cryptocurrency-related policies after taking office. Although Trump signed the cryptocurrency bill and the SEC repealed SAB-121 on Thursday, it did not significantly boost market sentiment, leading to most tokens falling more than the overall market, and Altcoins performing weaker than the benchmark index. DeFi ecosystem development The DeFi sector performed outstandingly, with TVL increasing from $53.5 billion to $53.8 billion, a growth rate of 0.56%, showing positive growth for two consecutive weeks. This is mainly attributed to the rise in the prices of underlying assets and project incentive measures, with on-chain APY generally increasing, among which projects like Sumer.money and Meteora are in

MeMe Coin: From Internet Joke to Financial Phenomenon MeMe coin is a cryptocurrency inspired by internet memes, born from the culture of internet humor, yet it can create waves in the financial market. Their existence seems to be for the sake of making people laugh and to see if they can stir up a little commotion in the market. However, it is precisely this seemingly "frivolous" characteristic that becomes the unique charm of MeMe coin. The origin of MeMe coin: began with "Doge" The pioneer of MeMe coin is Dogecoin ( Dogecoin ). At the end of 2013, software engineers Billy Markus and Jackson Palmer created this cryptocurrency, originally as a joke. Its inspiration came from the popular "Doge" meme at the time - a picture of a Shiba Inu with a colorful, humorous inner monologue. In the early days, Dogecoin was mainly used on social media platforms