Key Points
Trump memecoin trading volume surges to $10 billion
Senator Lummis accuses FDIC of destroying crypto files
Coinbase Launches Bitcoin-Backed Loans for US Customers
The launch of the “Official Trump” ($TRUMP) meme coin on the Solana blockchain has increased in value by over 490% in 24 hours, reaching a market cap of $5.7 billion. Trading volume exceeds $12 billion, ranking it among the top 30 cryptocurrencies. The launch pushed Solana’s native token (SOL) to an all-time high of over $270 and highlighted Solana’s scalability for high-profile projects. Despite concerns about token concentration and the legitimacy of the project, $TRUMP has already roiled the cryptocurrency market and marked a milestone for Solana.
Senator Cynthia Lummis claims an FDIC whistleblower claims the agency is destroying documents related to Operation Choke Point 2.0, an alleged effort to clamp down on cryptocurrencies in traditional finance. Lummis, an outspoken cryptocurrency advocate, has called for the records to be preserved. Meanwhile, President-elect Trump’s expected policies, including the Bitcoin Reserve Program, promise major changes to the crypto industry. The allegations add to the ongoing debate over regulatory transparency and the future of digital assets in the United States.
Cryptocurrency exchange Coinbase has launched a service that allows U.S. customers (excluding New York) to borrow up to $100,000 in USDC against their Bitcoin holdings. The loans are powered by Morpho, an open-source lending protocol on Coinbase’s layer 2 blockchain, Base. Users gain instant liquidity without having to sell their Bitcoin, with floating interest rates that adjust dynamically on the fly. Collateral is converted to Coinbase Wrapped Bitcoin (cbBTC) and used across the Coinbase ecosystem. Borrowers benefit from flexible repayment terms, tax benefits, and decentralized financial transparency. This marks another step forward in Coinbase’s mission to empower financial control.
news
The price of the TRUMP meme coin hits an all-time high, which can be said to be 5 times Donald Trump’s paper net worth
US Senator accuses FDICI of destroying digital asset-related documents
Donald Trump's wife Melania launches meme coin, plunges 38%
President-elect Trump is willing to create a US-first strategic reserve, prioritizing cryptocurrencies such as Solana $SOL and $XRP
product
Coinbase Launches Bitcoin-Backed Loans for US Users
Italy's Top Banks Buy Bitcoin as Demand Grows among Wealthy Clients
CryptoPunks NFT reserve price surges 13% on IP sale rumors
Crypto options venue Deribit attracts buyer interest
Regulation
Trump plans to sign executive order making cryptocurrency a national priority: report
Trump Treasury nominee Scott Bessant sees 'no case' for US central bank digital currency: it's for countries 'with no other investment options'
US court orders SEC to explain why it rejected Coinbase's request for crypto-specific rules
South Korea's Upbit exchange hit with suspension of operations: report
funds
Cryptocurrency Ventures: Phantom Raises $150 Million, Komainu Gets $75 Million
Komainu Raises Bitcoin Funding
Sygnum valued at $1 billion after latest funding round
Retail trading platform eToro files for US IPO and seeks $5 billion valuation
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