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Crypto community welcomes new star: OFFICIAL TRUMP

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Crypto community welcomes new star: OFFICIAL TRUMP

The crypto community welcomes a newcomer! US President Donald Trump has announced the launch of his own cryptocurrency, to be exact, a memecoin. The president is certainly in tune with sentiment and trends in the crypto market.

The leader of the White House shared the news on his Truth Social account, stating that the issuance of his cryptocurrency belonging to memecoins was underway. In his post, the American policymaker confirmed that a "new official Trump memecoin" had just entered the crypto space. The coin is called OFFICIAL TRUMP.

Details about this new digital asset, including the total issuance volume, remain unknown for now. However, OFFICIAL TRUMP is rapidly gaining popularity among investors.

On January 19, Trump’s new virtual currency saw a sudden and significant surge in value. The trading volume for this cryptocurrency exceeded $10 billion within 24 hours. Analysts estimate that OFFICIAL TRUMP has surged in value fourfold.

The initial price started at $7 per token. During the day, its value soared to $34.5 before experiencing some downward corrections. At present, the new memecoin is trading steadily without sharp swings.

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Mark Cuban eyes meme coin launch as solution to US debt burden

Mark Cuban eyes meme coin launch as solution to US debt burden

Mark Cuban, billionaire and co-founder of Cost Plus Drugs, has come up with an intriguing idea to use meme coins to pay off the massive US national debt. According to Cuban, the US government could tap into the frenzy surrounding meme tokens by launching its own meme-based cryptocurrency, similar to TRUMP.

14:04 2025-01-24 UTC+00

Trump signs flurry of executive orders on his first day in office

Trump signs flurry of executive orders on his first day in office

A heavy "paperwork" burden has fallen on the new US president! Shortly after his inauguration, Donald Trump was faced with nearly 200 executive orders to sign.First, Trump rescinded 78 "harmful" executive orders signed by former President Joe Biden and pardoned around 1,500 people convicted for the Jan. 6, 2021, Capitol riot.

14:02 2025-01-24 UTC+00

Trump sets new fundraising milestone for inauguration with $250 million

Trump sets new fundraising milestone for inauguration with $250 million

Incredible amounts of money have been raised during the inauguration campaign of the new US president! According to ABC News, President-elect Donald Trump brought in a staggering $250 million for his inauguration event. For comparison, his first inauguration campaign cost a more modest $107 million.

14:01 2025-01-24 UTC+00

Melania Trump: launching crypto tokens in vogue now

Melania Trump: launching crypto tokens in vogue now

The Trump family’s crypto saga has just gotten an interesting twist! Following in the footsteps of her husband, President Donald Trump, Melania Trump has announced the release of her own memecoin. Being a fashion icon, the First Lady is also aware of the vogue for financial markets.On the social media platform X, Melania Trump has announced the launch of her own cryptocurrency.

13:57 2025-01-24 UTC+00

JPY set to extend its weakness amid current fundamentals

JPY set to extend its weakness amid current fundamentals

UBS analysts have revised their inflation forecast for Japan, now expecting higher inflation rates in the coming years. The main reasons are the strengthening US dollar and rising energy prices. In turn, the Japanese yen is doomed for persistent weakness.In the updated forecast by UBS, USD/JPY is expected to trade at 150 by the end of 2025, up from the previous estimate of 145.

16:29 2025-01-23 UTC+00

Bitcoin remains flagship cryptocurrency

Bitcoin remains flagship cryptocurrency

Bitcoin remains the flagship of the digital sphere and the most attractive asset in the market. According to JPMorgan analysts, the first cryptocurrency is the most effective hedge against inflation. This view is bolstered by a steady inflow of funds into spot BTC ETFs, which has reached unprecedented levels. In this context, Bitcoin continues to assert its dominance in the market.

09:08 2025-01-23 UTC+00