Daily Report | Mrs. Trump Launches Meme Coin MELANIA; WLFI Adds 5% Token Supply; TRUMP Coin Purchase Terms Include Class Action Waiver Clause
January 20 News OverviewOrganizer: Fairy, ChainCatcher
Important News:
- Melania Trump announces the launch of her personal meme coin $MELANIA
- Mintvest: Bitcoin asset management company NYDIG acquires Coinmint for $200 million
- The purchase terms for TRUMP coin include a class action waiver clause
- Trump's crypto project World Liberty buys 9290.eth and 4 other domain names
- WLFI: The first round of 20% token supply has sold out, deciding to add an additional 5% token supply
- Data: The trading volume of 6 Hong Kong virtual asset ETFs today is approximately HKD 181 million
"What important events occurred in the past 24 hours"
Solana experienced network congestion this afternoon, with over 30 minutes without reporting any transactions at peak
According to Cointelegraph, possibly influenced by the ongoing popularity of TRUMP coin, the Solana chain experienced network congestion this afternoon, with over 30 minutes without reporting any transactions, and it has now returned to normal.
Data: Ethereum Foundation sells 100 ETH again for 336,000 DAI
According to on-chain analyst Yu Jin's monitoring, the Ethereum Foundation's address 0xd77…1f4, used for small high-frequency sales of ETH, sold 100 ETH for $3,364, receiving 336,000 DAI.
Mintvest: Bitcoin asset management company NYDIG acquires Coinmint for $200 million
According to TheMinerMag, Mintvest, which claims to hold an 18.2% stake in Coinmint, has filed a lawsuit against NYDIG in the U.S. District Court for Puerto Rico. The lawsuit alleges that based on "information and belief," NYDIG acquired Coinmint for $200 million but failed to pay Mintvest for its stake in the company. Mintvest is seeking $36 million in damages.
NYDIG declined to comment on the case and did not clarify its investment in Coinmint. However, recent developments suggest that NYDIG may be taking over the idle power capacity at Coinmint's facilities to expand its proprietary mining operations.
Data: The trading volume of 6 Hong Kong virtual asset ETFs today is approximately HKD 181 million
According to Hong Kong stock market data, as of market close, the trading volume of 6 Hong Kong virtual asset ETFs today is approximately HKD 181 million.
Among them:
The trading volume of Huaxia Bitcoin ETF (3042.HK) is HKD 144 million;
The trading volume of Huaxia Ethereum ETF (3046.HK) is HKD 7.21 million;
The trading volume of Harvest Bitcoin ETF (3439.HK) is HKD 14.95 million;
The trading volume of Harvest Ethereum ETF (3179.HK) is HKD 1.3 million;
The trading volume of Bosera HashKey Bitcoin ETF (3008.HK) is HKD 12.44 million;
The trading volume of Bosera HashKey Ethereum ETF (3009.HK) is HKD 987,000.
U.S. FDIC accused of omitting multiple crypto-related "cease and desist" letters in Coinbase-supported lawsuit
The Federal Deposit Insurance Corporation (FDIC) has been accused of omitting multiple crypto-related "cease and desist" letters sent to banks in a Coinbase-supported Freedom of Information Act (FOIA) lawsuit. A report submitted by History Associates to the federal court in Washington, D.C. on January 17 indicated that the FDIC "may have omitted other cease and desist letters" and plans to update the lawsuit based on this. Public reports suggest that the FDIC has "systematically obstructed FOIA requests," resulting in at least 150 related documents not being released. The 25 FDIC letters that have been made public suggest that financial institutions should suspend cryptocurrency operations until regulatory reviews are completed, which the cryptocurrency industry views as an action to cut off banking services to related businesses ("Operation Chokepoint 2.0").
Coinbase Chief Legal Officer Paul Grewal stated on January 16 that the lawsuit seeks all cease and desist letters confirmed by the Office of the Inspector General, but accused the FDIC of limiting its search to the letters in the report, possibly missing others. Grewal added that when asked to correct and stop the wordplay, the FDIC indicated it would take at least a year.
In a status report on January 17, the FDIC responded that it has provided all relevant documents and searched for letters shared with the Office of the Inspector General from March 2022 to May 2023, complying with the FOIA request. The agency stated that History Associates has no reasonable basis to believe that letters outside this scope and timeframe belong to the original FOIA request and added that these letter requests are being treated as separate FOIA requests for expedited review.
The purchase terms for TRUMP coin include a class action waiver clause
According to information from the TRUMP coin official website, the purchase terms for TRUMP coin include a class action waiver clause.
The clause states: "To the extent permitted by law, investors participating in the purchase agree not to bring, join, or participate in any class action against any insured party regarding any claims, disputes, or controversies. Investors agree to enter into injunctive relief to stop such lawsuits or to exclude you as a participant in the lawsuit. Investors agree to pay any attorney fees and litigation costs incurred by any insured party in seeking such relief. This clause prevents investors from bringing, joining, or participating in class actions: (i) does not constitute a waiver of any rights or remedies for investors to bring individual claims, nor does it constitute a waiver of class actions in the aforementioned binding arbitration; (ii) is an independent agreement. Investors may provide written notice of their decision to opt-out of these dispute resolution terms within thirty (30) days from the first visit to the website."
Robinhood to list TRUMP
According to official news, Robinhood will list TRUMP.
Trump's crypto project World Liberty buys 9290.eth and 4 other domain names
On-chain information shows that Trump's crypto project World Liberty multi-signature address bought the domain name 9290.eth again 10 minutes ago.
10 hours ago, this address purchased four ENS domain names: WorldLiberty.eth, trumpcoin.eth, erictrump.eth, and barrontrump.eth.
Justin Sun invests an additional $45 million to support WLFI, total investment reaches $75 million
TRON founder Justin Sun announced an additional investment of $45 million in World Liberty Financial (WLFI), bringing his total investment in the project to $75 million.
WLFI: The first round of 20% token supply has sold out, deciding to add an additional 5% token supply
Trump family crypto project World Liberty Financial (WLFI) officially announced that the first round of 20% token supply has sold out. Due to strong market demand, the project team has decided to add an additional 5% token supply. The team is preparing to restart the sales process, and the specific sale time will be announced separately.
Melania Trump announces the launch of her personal meme coin $MELANIA
Trump's wife announced on her personal Twitter account that she will launch her personal meme coin $MELANIA, and users need to visit the website "Melaniameme.com" to obtain the meme. Subsequently, Trump's Truth Social account reposted Melania Trump's Memecoin release post.
Vitalik: Ethereum Foundation is exploring solutions for staking its ETH-related issues
Ethereum co-founder Vitalik Buterin posted on social media regarding the suggestion that "the Ethereum Foundation can stake its ETH," stating: "Historical concerns are: 1. Regulatory issues; 2. If the Ethereum Foundation stakes on its own, it effectively forces us to take a stance on any future controversial hard forks.
Regulatory issues have decreased compared to before, but there are still problems with the Ethereum Foundation staking on its own. There are definitely ways to minimize this, and we have been exploring these methods recently."
"What are the exciting articles worth reading in the past 24 hours"
Balaji Srinivasan: 17 thoughts on the first crypto president
Overnight, the vast majority of the next U.S. president's wealth ($59 billion) is now held in cryptocurrency form. Even if the value of cryptocurrencies drops by 90%, this phenomenon still holds.
What does this mean?
First, among President Trump's assets, cryptocurrency has jumped from possibly just 1% to over 90%. Many early holders of Bitcoin, Ethereum, and Solana have also experienced similar wealth leaps.
Second, this phenomenon—relative devaluation of all non-crypto assets—will become a reality shared by billions of people globally in our lifetime, as fiat currency declines.
Two days before taking office, the Trump couple cashes out $65 billion from the crypto world
Early this morning, Melania Trump also released her own meme coin MELANIA. The good news is that if you were awake and bought it, it's a tenfold coin; the bad news is that all other coins have plummeted, including TRUMP halving and SOL dropping to 235, not to mention other altcoins, leading group members to exclaim, "Shorting is the only stable way to make money."
Gemini's E-person, the source of Trump's outrageous operations
Even seasoned veterans in the crypto world, who have been through multiple cycles, are saying they are seeing things with new eyes.
As the newly elected president of the United States, he personally launched a coin just two days before taking office. The meme coin TRUMP has become the most powerful celebrity coin ever, quickly landing on top exchanges like Coinbase and Binance within 24 hours, with a trading volume exceeding $10 billion, more than three times that of Bitcoin in 24 hours.
Somewhat outrageous operations, but placed on the shoulders of Trump, this 75-year-old man, it somehow seems reasonable. Some keen community members even noticed that the price fluctuations resemble Trump's facial features.
Meme Popularity Rankings
According to meme token tracking and analysis platform GMGN market data, as of January 20, 19:50:
In the past 24 hours, the top five popular tokens on Ethereum are: MELANIA, ELON, TRUMP, SOL, SPX
In the past 24 hours, the top five popular tokens on Solana are: TRUMP, MELANIA, BARRON, ELON, USA
In the past 24 hours, the top five popular tokens on Base are: AIXBT, BRETT, USD+, TOSHI, AERO
