Trader demand for Solana’s SOL rose as Donald Trump’s so-termed official token was issued on the network.
Prices ran from few cents to $14 in less than six hours amid widespread confusion on whether the token was actually backed by Trump or was a possible hack of Trump’s verified social account
Crypto leaders attended a pre-inaugural bash in Washington, cheering Trump’s return to the White House and hoping it will benefit digital assets.
The campaign-financial operation that shook the 2024 elections has returned to dabble in Florida congressional seats vacated by Matt Gaetz and Michael Waltz.
Crypto investors have high hopes for the incoming administration, including potential digital asset-focused executive orders that could add fuel to the rally.
BTC trades at a slight discount on Coinbase relative to Binance, veri from CryptoQuant show.
Wednesday’s soft U.S. core CPI has opened doors for traders to focus on Trump’s swearing in and the possibility of first-day pro-crypto announcement.
The native token of the XRP Ledger rose more than 2% on Wednesday while most of the rest of the crypto sector saw steep losses.
This shift in focus towards the US market is part of Ripple’s response to the “Trump effect,” which is believed to be making crypto more favorable in the US.
Chainlink will provide crucial pricing veri and cross-chain interoperability infrastructure for the nascent DeFi platform.