PA Daily | OKX, Coinbase, Binance launch TRUMP; Vitalik is making large-scale changes to the leadership structure of the Ethereum Foundation
Reprinted from panewslab
01/19/2025·4days agoToday’s news tips:
1. Macro outlook for next week: The Trump 2.0 era is about to begin, and Bitcoin may fly higher
2. Trump will be officially sworn in as President of the United States at 1 a.m. Beijing time on the 21st
3. South Korean court approves detention order for Yin Xiyue
4. OKX, Coinbase, and Binance launch TRUMP
5. SOL reaches a new high, and Solana’s market value rises to 146th in global asset market value rankings
6. TRUMP ranks among the top ten cryptocurrencies FDV, currently ranked 7th
7. Vitalik: Large-scale changes to the leadership structure of the Ethereum Foundation are currently underway
8. This week’s NFT transaction volume reached US$164.3 million, and the number of buyers and sellers increased by more than 100% month-on-month.
Regulation/Macro
Macro outlook for next week: The Trump 2.0 era is about to begin, and Bitcoin may fly higher
In the last trading week before Trump returns to the White House, positive inflation data and dovish comments from Federal Reserve Governor Waller have revived market expectations for interest rate cuts. Money markets are currently pricing in a 2025 Fed rate cut of about 40 basis points. With the Federal Reserve entering a quiet period and U.S. economic data next week being relatively light, the market will focus on the start of the Trump presidency and its potential market impact. Here are the key points that the market will focus on in the new week:
The annual meeting of the World Economic Forum in Davos is held on Monday until January 24;
At 23:00 on Wednesday, the U.S. Conference Board’s monthly leading indicator rate in December;
European Central Bank President Christine Lagarde delivers a speech at 23:05 on Wednesday and 18:00 on Friday;
At 21:30 on Thursday, the number of initial jobless claims in the United States for the week to January 18;
To be determined on Friday, the Bank of Japan will announce its interest rate decision and economic outlook report. At 12:30, Bank of Japan Governor Kazuo Ueda will hold a monetary policy press conference;
At 22:45 on Friday, the preliminary S&P global manufacturing and services PMI values for January in the United States were released.
With Trump expected to announce crypto-friendly policies, Bitcoin has the potential to soar even higher. Trump plans to issue an executive order to elevate cryptocurrencies to a "policy priority" and give industry insiders a voice in his administration, signaling a possible major shift in U.S. cryptocurrency policy, according to people familiar with the matter. It is reported that the executive order will also include suspending any litigation involving cryptocurrency and considering establishing a national Bitcoin reserve.
Vanguard Group to pay $106 million to settle SEC charges
The Vanguard Group, Inc. will pay $106.41 million to settle charges that it made misleading statements about capital gains distributions and tax effects, the U.S. Securities and Exchange Commission (SEC) said in a press release. These misleading statements affected retail investors who held Vanguard Investor Target Retirement Funds (Investor TRFs) in taxable accounts. The settlement amount will be distributed to affected investors.
Earlier news, Vanguard Group CEO Tim Buckley said that the company would not pursue a Bitcoin ETF like competitors such as BlackRock and Fidelity. A spokesman said the reasons for not launching a Bitcoin ETF are the same as why a gold ETF was never launched. Bitcoin lacks "intrinsic value," has no cash flow and is too volatile.
South Korean court approves detention order for Yoon Seok-yue
According to Korean media reports quoted by Kim Shi, the Western District Court in Seoul, South Korea approved a detention order for the arrested President Yin Xiyue in the early morning of the 19th. Yoon Seok-yue became the first president in South Korea's constitutional history to be detained and investigated as a sitting president.
U.S. SEC sues Nova Labs for alleged fraud and registration violations
The U.S. Securities and Exchange Commission charged Nova Labs, Inc. ("Nova Labs") with allegedly offering crypto-assets as securities in an unregistered manner and deceiving investors. According to the SEC’s complaint, from April 2019 to the present, Nova Labs has provided and sold electronic devices called “Hotspots” (used to mine Nova Labs’ crypto assets) and “Discovery Mapping” (a device that allows users to transfer their private data to When switching to Nova Labs Crypto Assets Program), an unregistered offer and sale of securities was made. The SEC is seeking a permanent injunction, disgorgement, prejudgment interest and civil penalties against Nova Labs.
According to Cointelegraph, South Korean authorities found that Upbit had more than 500,000 KYC violations, and the fine could be as high as $34.3 billion.
According to previous news, the South Korean financial authorities informed Upbit that it would face bankruptcy and rectification measures .
Donald Trump (Trump) will be officially sworn in as the 47th President of the United States at 12:00 EST on January 20th (Beijing time: 1:00am on the 21st).
Inauguration Day includes a formal swearing-in ceremony, musical performances, a celebratory parade and a series of formal balls. Vice President-elect JD Vance will also be sworn in, take the stage with Trump, and officially begin to take charge of the new government.
Trump's second inauguration will begin with a ceremony at St. John's Church in Washington, D.C.'s historic Lafayette Square, followed by refreshments at the White House. Musical performances and opening remarks will begin at 9:30 ET (22:30 Beijing time on the 20th) on the main event stage on the West Lawn of the U.S. Capitol. Trump and Vance will then hold an oath of office ceremony, and the president will also deliver an inaugural address outlining his goals for the next four years. Trump will then go to the presidential office near the Senate to sign important documents. He will then attend a lunch hosted by the Congressional Joint Committee on Inaugural Ceremonies. The parade then marched from the Capitol along Pennsylvania Avenue to the White House.
Later that night, Trump will attend three inaugural balls - the Commander-in-Chief's Ball, the Liberty Inaugural Ball and the Starlight Ball. He is expected to speak on all three occasions.
Project news
Ethereum co-founder Vitalik Buterin posted that large-scale changes to the leadership structure of the Ethereum Foundation are currently underway. This change has lasted for nearly a year. Some of these changes have already been implemented and announced, while some are still in progress. Mainly want to achieve the following goals:
- Improve the technical expertise of the Ethereum Foundation’s leadership;
- Improving two-way communication and connection between the Ethereum Foundation leadership and new and existing participants in the ecosystem, the Ethereum Foundation is responsible for supporting: users (individuals and institutions), application developers, wallets, L2;
- Introducing fresh talents to improve execution capabilities and speed;
- More actively support application developers to ensure that important values and inalienable rights (especially privacy, open source, censorship resistance) are a reality for users, including at the application layer;
- Continued increased use of decentralized and privacy technologies and the Ethereum chain, including for payments and money management.
Things to avoid in the future include:
- Execute some kind of ideological/climate shift;
- Start aggressively lobbying regulators and powerful politicians (especially in the US, but really everywhere, especially big countries) and risk damaging Ethereum’s status as a global neutral platform;
- Become an arena for vested interests;
- Become a highly centralized organization and even become the "protagonist" of Ethereum.
Vitalik changes Twitter avatar to Milady 9286 image
Vitalik Buterin bought Milady 9286 and changed it to his Twitter account avatar.
Binance.US replaces X avatar with Pudgy Penguins series NFT
According to the official tweet, Binance.US has replaced the X avatar with the Pudgy Penguins series of NFTs.
According to TechinAsia, OpenAI plans to release its new AI model o3 mini in the next few weeks. CEO Sam Altman announced that the release will include both the API and ChatGPT and incorporate user feedback. The company had previously targeted launching the o3 mini in January 2025, with the full o3 model expected to follow later.
OKX will launch TRUMP spot trading
According to the official announcement, OKX will launch TRUMP (OFFICIAL TRUMP) spot trading.
Coinbase adds Official Trump (TRUMP) to currency listing roadmap
According to an official announcement, Coinbase has included Official Trump (TRUMP) in its currency listing roadmap.
Binance will list OFFICIAL TRUMP (TRUMP) and add a seed tag to it
According to the official announcement, Binance will list OFFICIAL TRUMP (TRUMP) at 16:30 (UTC+8) and add a seed tag to it.
SOL hit a record high of $274.93
Ouyi OKX market shows that SOL exceeded 270 US dollars, reaching a maximum of 274.93 US dollars, a record high, and is currently at 272.51 US dollars, up 4.3% today.
Solana’s market value rises to 146th in global asset market value rankings
According to 8marketcap data, Solana's market value has risen to approximately US$130.6 billion, surpassing Airbus, Boeing and other companies, rising 39 places in the global asset market value rankings, and currently ranks 146th.
TRUMP joins top 10 cryptocurrency FDV, currently ranked 7th
Coingecko data shows that TRUMP ranks among the top ten cryptocurrency FDV rankings. At the time of writing this article, TRUMP was trading at $60.49, with a 24-hour increase of 231.33%. The circulating market value touched $11,882,865,984, and the FDV (fully diluted value) reached $59,414,329,997. In the cryptocurrency FDV ranking Ranked seventh, second only to BNB.
point of view
According to Eric Trump’s post on the
Trump’s eldest son Eric Trump: $USA token has nothing to do with us
In response to the mention in the crypto community that "in addition to $TRUMP, another token called $USA will be issued within a week," Trump's eldest son Eric Trump tweeted, "The $USA token has nothing to do with us." .
According to previous news , Trump’s eldest son Eric Trump published an article on the currency, the Trump family project World Liberty Financial, and $TRUMP.
Bybit CEO reflects on the effect of $TRUMP launch: 2025 will focus on building Onchain Bybit
Bybit CEO BEN tweeted to reflect on the market effect after $TRUMP. He said: Yesterday, there was a large amount of SOL and USDC flowing out of all CEX, flocking to the chain in exchange for $TRUMP. Moonshoot + Meteora/Jupiter created over 30 billion memecoin in less than 10 hours without any CEX. In 2025, we will focus on building Onchain Bybit, investing heavily in Bybit web3 wallet (self-hosted) user experience and onchian infrastructure, hoping to become users' gateway to web3. The reason is simple, if you don’t join this revolution, you will be left behind.
1confirmation founder Nick Tomaino explains Trump’s launch of TRUMP: The change in atmosphere from the Biden anti-encryption era to the Trump era is great. Trump owns 80% of TRUMP coin shares and launching it just hours before the inauguration is predatory and many people may be harmed by it. Trump should be airdropping on the people, not using it to enrich himself or his team. Currently it looks like an FTX token.
CZ tweeted: “The FOMO has just begun…”. Previously on January 15, CZ said: "Everyone has FOMO. Just do it responsibly."
Some industry insiders criticized Trump’s launch of the Meme coin TRUMP. Among them, Anthony Scaramucci, founder of Tianqiao Capital, said: “The Trump Meme coin is not good for the industry. Don’t kid yourself. This is Idi Amin (the 3rd president of Uganda). Corruption at the presidential level." Meidas Touch co-founder Ben Meiselas said Trump could have focused on more urgent matters instead of focusing on meme coins.
Earlier news , according to Bloomberg, many institutions believe that Trump’s issuance of Meme currency TRUMP is unethical.
important data
CryptoSlam data shows that this week’s NFT transaction volume reached US$164.3 million, an increase of 5.8% from last week. NFT buyers surged by 115.49% to 270,108; the number of NFT sellers increased by 107.81% to 218,676; the number of transactions decreased by 4.58% to 1,466,206.
The volume of NFT transactions on the Ethereum network increased by 40% to US$85.6 million, and the number of buyers increased by 52.54% to 37,913. Bitcoin network NFT turnover fell 10.9% to $27.5 million. Solana Network ranked third with a turnover of $14.6 million, a decrease of 30.8%. Base still ranked fifth, with a transaction volume of US$8.36 million, an increase of 13.82%.
Azuki ranked first with a transaction value of $15.4 million, an increase of 268.21%. The number of buyers in this series increased by 253.45%. Pudgy Penguins ranked second with a trading volume of US$8 million, down 8.04%. CryptoPunks ranked third with a trading volume of $7.8 million, an increase of 126.31%. BRC-20 NFT fell to fourth place, with a transaction volume of US$7.6 million, down 7.79%.
This week’s best-selling NFT series:
- CryptoPunks #4940: $502,941 (150 ETH)
- CryptoPunks #7338: $319,016 (100 ETH)
- CryptoPunks #1782: $250,594 (75 ETH)
- CryptoPunks #8619: $178,123 (54 ETH)
- CryptoPunks #7376: $177,515 (55 ETH)
Moonshot adds around 400,000 new users after $TRUMP launch
Moonshot tweeted that after being recommended as the preferred buying method on the $TRUMP website, it processed nearly $400 million in trading volume in 12 hours, breaking the fiat currency entry record. At present, it has brought nearly 400,000 new users to the chain.
According to on-chain analyst Ember’s monitoring, the 10th largest holding address of $TRUMP has transferred all 1.271 million $TRUMP to OKX 50 minutes ago. He purchased it at an average price of $11.15 and transferred it to OKX at a price of 34.34 media, with an expected profit of $29.48 million.
According to monitoring by @ai_9684xtpa, Binance will list $TRUMP spot at 4:30 p.m., and the team address 7qtDv...kRnpE deposited 4.5 million TRUMP (approximately US$177 million) into Binance 10 minutes ago. This address has deposited 29.92 million tokens to various exchanges in the past 24 hours, with a total value of $1.27 billion. It once received 30 million tokens distributed from the DEV address, and currently the two associated addresses still hold 17.89 million TRUMP, approximately US$700 million.
According to Lookonchain monitoring, after $TRUMP went online, a whale bridged 63.9 million USDC to Solana and borrowed 23.4 million USDC from Kamino to purchase $TRUMP and $SOL. He spent 11.5 million USDC to purchase 1 million $TRUMP ($43.3 million) at a price of $11.50, resulting in an unrealized profit of $31.8 million. and spent 75.8 million USDC to purchase 312,571 SOL ($85.6 million) at a price of $242.59, with an unrealized profit of $9.8 million.
jinse