SIX

Six members of Trump's cabinet hold cryptocurrencies, with a total value of millions of dollars

ChainCatcher news reports that according to Fortune magazine, after reviewing the financial disclosures of President Trump's cabinet members in January, it was found that among the 22 listed Bitcoin wallets, six members of Trump's cabinet indirectly held Bitcoin through other financial instruments or invested in cryptocurrencies, with a total value of several million dollars.The six members who invested in Bitcoin and their holdings include:Secretary of Health and Human Services Robert Kennedy Jr. disclosed a Bitcoin Fidelity cryptocurrency account valued between $1 million and $5 million.Office of Management and Budget Director Russell Vought disclosed Bitcoin in a Coinbase wallet valued between $1,001 and $15,000, stating he would divest.Director of National Intelligence Tulsi Gabbard reported that she owns a Bitwise Bitcoin ETF trust fund valued between $15,001 and $50,000, as well as Bitcoin valued between $15,001 and $50,000, stating she would divest.Secretary of Defense Pete Hegseth disclosed his holdings of Bitcoin valued between $15,001 and $50,000.Secretary of the Treasury Scott Bessent's financial disclosure shows he holds an iShares Bitcoin Trust ETF valued between $250,000 and $500,000, and he will divest no later than 90 days after confirmation.Secretary of Transportation Sean Duffy disclosed Bitcoin valued between $250,000 and $500,000, Bitcoin held in a Gemini wallet valued between $250,000 and $500,000, and the Fidelity Wise Origin Bitcoin Fund valued between $50,000 and $100,000.

Solana network transaction fees hit a six-month low, with activity down 85% compared to the TRUMP issuance period

ChainCatcher news, according to The Block, the total transaction fees generated by the Solana network last week were only 53,800 SOL, marking the lowest weekly figure since September 2024.Data shows that the total transaction fees last week decreased by 10% compared to the previous week, an improvement over the past six weeks' average weekly decline rate of 25%. Notably, Solana's weekly transaction fees have dropped by 85% from the historical peak of 361,000 SOL in the fourth week of January (during the $TRUMP and $MELANIA meme coin launches).Since the issuance of $TRUMP, Jito validator tips have also significantly decreased, averaging only $11,300 per day last week, compared to $62,000 per day during the week of $TRUMP's issuance. Similarly, the 7-day moving average of active addresses on the Solana network also fell by 35% during this period. The decline in these fundamental indicators has affected the price of the SOL token, which has dropped by about 50% since January 20.As a major revenue and token generation platform for Solana, Pump.fun has also experienced a similar decline. Last week, an average of only 0.89% of tokens created on Pump.fun "graduated" to Raydium daily, compared to 1.6% in the third week of January. Considering the hundreds of thousands of tokens created daily on Pump.fun, this 0.71% drop is relatively significant.
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