2025.01.20 Daily Crypto News Update

Melania Trump, the former First Lady of the United States, announced the launch of her own meme coin called MELANIA. The current total market capitalization is $6 billion. Looking at the distribution of holdings, 80% of the total supply is held in 3 addresses.

Jito Labs Co-Founder Buffalu posted that due to unprecedented load levels, Jito Labs’ Block Engine API is experiencing severe service degradation. While the Solana network continues to run and process blocks, transactions submitted through Jito Labs’ service are affected. The engineering team has been working on the issue for several hours and will provide further updates once full service is restored.

according to EmberCN’s monitoring, 1 hour ago, 3 addresses spent $18 million to buy the token WLFI of World Liberty Financial, a DeFi project supported by the Trump family:
The address “0x602…F20” used 10 million USDT to purchase 6.66 billion WLFI tokens;
The address “0x7F5…06f” used 2,040 ETH (worth $6.5 million) to purchase 4.33 billion WLFI tokens;
The address “0x698…603” used 1.5 million USDT to purchase 1 billion WLFI tokens.
Following TRUMP’s announcement and surge, the public sale speed of World Liberty Financial is accelerating. It has already sold 7.78 billion WLFI tokens on its official website, raising $116 million. The largest buyer is Tron DAO, which spent 30 million USDC to purchase 20 billion WLFI tokens 54 days ago.

on Polymarket, the probability of the predicted elected President Trump approving a strategic Bitcoin reserve within his first 100 days in office has increased to 43%, a 15 percentage point increase in the past week. The current amount wagered on this event has exceeded $2.24 million.

Musk said in response to a question from a netizen that X is considering reintroducing the short video sharing platform Vine.
It is reported that Vine was a short video sharing platform formerly operated by Twitter. Vine was originally an app that allowed users to shoot and share 6-second looped short videos, and it became extremely popular for its very short duration, creativity, and viral spread.
Vine was founded in 2012 and was acquired by Twitter in the same year. After its official launch in 2013, it quickly became a popular short video platform. However, due to business strategies and other reasons, Twitter shut down Vine’s core services in 2017.

according to 8marketcap data, with the rise of SOL, Solana’s market cap has increased to about $132.72 billion, with a 24-hour growth of 19.13%. Currently, Solana’s market cap has surpassed well-known companies such as Airbus, Boeing, and Sony, rising 39 places in the global asset market cap rankings, currently ranking 146th.

CryptoQuant CEO Ki Young Ju posted on X, stating: “Social influence will soon be measured by market cap rather than the number of followers.
Trump’s issuance of a coin yesterday marked this shift. Unless someone more powerful than the president intervenes, this is inevitable. With the emergence of victims, chaos will affect the law – this is the most tragic part.”

Coinbase CEO Brian Armstrong published a lengthy article on the X platform discussing how economic freedom leads to prosperity, emphasizing various global shifts towards a free market.
The article states that cryptocurrency is presented as a tool to increase economic freedom, providing benefits such as stable currency, free trade, secure property rights, and permissionless access. Brian Armstrong suggests that policymakers in 2025 take some actions to enhance economic freedom, including accepting cryptocurrency, establishing a Bitcoin reserve, supporting economic zones, and making government more efficient.

according to official information from Moonshot, approximately 400,000 new users have joined in the past 24 hours.

MoonPay announced on X that following the launch of the TRUMP meme coin by then President-elect Trump, Moonshot has become the most popular financial app on the U.S. Apple App Store, also entering the top five list of free apps.