Tag: Cryptocurrency

TRUMP Memecoin: Crash or Comeback?

Summary: TRUMP memecoin, hyped as the next big thing, is now down over 60%, crashing from its $75.08 peak on Jan. 19 to just $25 today. With a market cap of $5.15 billion and dwindling liquidity of $4.5M, investors are asking: is this the end, or could it make a comeback?

Launched by Donald Trump only days before his inauguration, the TRUMP memecoin reached billions in market capitalization in hours, leveraging FOMO and hype. It became one of the most traded cryptos, but for now, its value has taken a nosedive.

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According to DEXScreener, TRUMP changes hands at $25.58, down 17% in the last 24 hours. The Smart Money wallets seem to have been scooping it up, however. On-chain data platform StalkChain reports TRUMP as their most bought token of late.

The buzz around TRUMP’s potential resurgence stems from its partial token supply still waiting to vest. Plus, speculation is swirling that Trump might endorse it again, which could pump the price back up.

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While some analysts say TRUMP could break the memecoin cycle and bounce back, others are convinced the hype is dead. Only time will tell if this coin is truly “Too Trump to Fail.”

MicroStrategy Just Dropped $1.1B on BTC—Now Holds 471,107 Coins

Summary: MicroStrategy has just gone large, adding an additional 10,107 BTC to a collection worth a cool 1.1 billion dollars on average, bought at $105,596 per coin. Altogether, it brings the company’s stash to a total of 471,107 BTC at the time of this writing. Now holding $30.4 billion worth of Bitcoin on their books, the company is doubling down on believing in BTC after the crypto turbulence.

MicroStrategy isn’t just stacking sats; they’re going all in. The company added another 10,107 BTC to its reserves this week, spending a cool $1.1 billion. They financed this monster buy by selling over 2.7 million shares, bringing their total Bitcoin holdings to 471,107 coins, worth $30.4 billion. The average price? $64,511 per coin.

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And this isn’t their first big move this month. Earlier in January, they bought 24,707 BTC, pushing their monthly total to 34,814 BTC. CEO Michael Saylor’s strategy? HODL through the ups and downs and keep proving Bitcoin is king.

The timing’s bold, though. The crypto market’s been rough, with Bitcoin leading a 5.37% drop in global market cap, now sitting at $3.42 trillion. Buzz around China’s AI-powered DeepSeek app has pulled some investor attention away, but MicroStrategy seems unfazed.

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Long story short: MicroStrategy’s playing the long game, betting big on BTC as the ultimate digital gold.

Jellyverse’s jAssets Brings Synthetic Assets to DeFi

Summary: Jellyverse has dropped a bomb on DeFi investors in the name of jAssets, a place to mint synthetic tokens representative of real-world assets, including stocks, gold, and Tesla shares over the Sei network. With this, DeFi opens up avenues to portfolio diversification while cutting crypto’s volatility, thus allowing 24/7 trading at any moment in time through decentralized means.

The Jellyverse is rewriting the DeFi playbook with jAssets, its new synthetic assets platform. For the first time, users can mint tokens such as jAAPL (Apple) or jGLD (Gold) that track the value of traditional assets. That means you can trade Tesla shares or gold without having to leave the blockchain.

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These synthetic assets are minted by users through the locking of collateral such as wETH, USDT, or even native JLY tokens of Jellyverse. Collateral has been over-collateralized at 110%-150% just to keep things very stable. Powered by the Sei network, an ultra-fast L1 blockchain, the whole operation is low-fee and fast trades.

But it’s not just about holding assets; you can go long, short, or even leverage your positions. Talk about leveling up your portfolio. The platform also uses the Pyth Network to ensure price accuracy in real time, so you’re always trading fair.

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Jellyverse Co-Founder Benedikt Keck says jAssets isn’t just about new features—it’s about bridging the gap between DeFi and traditional investing. Ready to diversify like never before? Jellyverse has you covered.

Propy’s Crypto Loans Let You Buy Tokenized Real Estate Fast

Summary: Propy is shaking up real estate by letting buyers use crypto to snag tokenized properties, starting with a $250K condo in Hawaii on January 29. With instant loans backed by Bitcoin, Ethereum, and the property itself, this is real estate done fast and futuristic.

Propy just changed the real estate game. The company now offers crypto-backed loans to buy tokenized properties, letting buyers skip the boring 30-day wait. Instead, you can close the deal almost instantly. First up? A $250K beachfront condo in Honolulu, Hawaii, going live on January 29.

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Here’s how it works: You pay in Bitcoin or Ethereum, use the property as collateral, and snag a loan at a 10% interest rate. The kicker? Once you repay the loan, you get your crypto back. So, if you’re diamond-handing your Bitcoin but still want a sweet new pad, this is the move.

The condo, located at 410 Atkinson Drive, comes with luxe hotel-style perks like a pool, gym, and concierge. It’s being sold as a tokenized asset, meaning ownership is locked in on the blockchain. Transactions are fully transparent, so no sketchy business here.

And forget the old-school hassle. Propy’s platform handles everything—no lawyers, brokers, or title companies needed. You can check the inspection report, bid, and close the deal in minutes. It’s fast, it’s smooth, and it’s 100% online.

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Propy is already licensed in Florida, Colorado, and Arizona, and according to CEO Natalia Karayaneva, this isn’t just a cool new feature; it’s the future of real estate.

Elon Musk Wants to Use Blockchain to Fix U.S. Government Waste

Summary: Elon Musk, now “Head of the Department of Government Efficiency-DOGE,” is seeking to employ blockchain technology in the monitoring of spending, protection of data, and waste reduction by the government. Setting deadlines of Dec. 6, 2023, and July 4, 2026, DOGE strives to make leaner, quicker, and far more transparent government.

Elon Musk teamed up with Trump, took care of government inefficiency, and look at what happened: he is looking at blockchain for this. As the boss of the freshly baked Department of Government Efficiency-just called DOGE-Musk needed to cut useless expenses and make everything really transparent.

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DOGE’s mission was created through an executive order signed on Jan. 20, and deadlines are already in place. By December 2023, they want to ID inefficiencies, and by July 2026, those inefficiencies better be gone.

Musk’s team has already been in talks with blockchain bigwigs since October, brainstorming how to use the tech for tracking government spending, securing sensitive data, processing payments, and even managing government-owned properties. But which blockchain they’ll use? Total mystery for now.

Critics, though, aren’t all in. Some argue public blockchains like Bitcoin are a no-go because they’re too decentralized, while private blockchains might just recreate problems we already have. Still, some institutions, like California’s DMV, are already flexing blockchain tech, so there’s hope.

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This push for blockchain aligns with Trump’s pro-crypto policies. He’s been all about cutting waste since his 2024 campaign, and Musk’s team—100 volunteers strong—might be the key to modernizing the government. Whether it works or not, one thing’s for sure: DOGE isn’t just about Dogecoin anymore.

U.S. Crypto Tax Shake-Up: Zero Taxes, DeFi Drama, and Ted Cruz’s Bold Move

Summary: Eric Trump says that, going forward, U.S. crypto investors could have zero capital gains tax on domestic projects such as XRP and HBAR while placing a heavy 30% tax on all foreign crypto investments. This would lead to a big boost in U.S.-based crypto innovation.

Eric Trump just dropped a bombshell: No more capital gains tax for U.S.-based crypto projects like XRP and HBAR. That’s right—if you’re into these coins, cashing out might soon be way less painful. But hold up—crypto projects outside the U.S. aren’t getting the same love. They’ll still face a harsh 30% tax, which could drive even more innovation to U.S. soil. Big win for local projects, right?

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Meanwhile, in D.C., Ted Cruz is bringing the heat. He’s taking on a new IRS rule that targets DeFi platforms. Starting December, the IRS wants DeFi brokers to snitch—reporting transaction details, names, and addresses on Form 1099. Cruz thinks this is a huge L for privacy, decentralization, and crypto innovation.

Here’s the tea: Cruz, a hardcore anti-CBDC guy, says this IRS rule makes zero sense for decentralized systems. His plan? Scrap it in 60 days using the Congressional Review Act. And since he’s got the Republican majority in Congress, this might actually happen.

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Bottom line: These updates could totally reshape U.S. crypto taxes and regulations. If Cruz succeeds, DeFi could stay true to its roots, and the U.S. could flex even harder as a crypto hub.

a16z Shifts Focus to U.S., Halts UK Crypto Plans Post-Trump Victory

a16z ditches UK crypto plans, backs Trump’s pro-crypto vibes, shifting focus to U.S. as Bitcoin hits $109K.

Silicon Valley’s Andreessen Horowitz (a16z) is switching things up, pulling back on UK crypto moves and turning its focus to the U.S. Why? Trump’s back in the White House, and his pro-crypto stance has the industry buzzing. His administration’s new executive order pushes digital assets and hints at creating a national crypto reserve.

a16z, which opened its first international office in London back in 2023, is now scaling down operations there. The firm’s founders, Marc Andreessen and Ben Horowitz, are riding the Trump train, even advising on policies. Meanwhile, Sriram Krishnan, who used to lead a16z’s London game, joined Trump’s squad last year.

Trump’s return as the 47th president has brought big crypto energy, with promises of lighter regulations and a focus on innovation. Binance’s CZ even tweeted that the U.S. is back in the game, forcing other countries to step up. Bitcoin felt the hype, skyrocketing to $109K on inauguration day—its highest ever.

Though a16z might still back UK projects from across the pond, their local presence was never major. With $43B in assets, they’ve supported names like Arweave and Aztec, but now it’s all about chasing U.S. crypto dreams.

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India’s ED Investigates Paytm, RazorPay, and PayU in $25M Crypto Scam

Overview: A probe into the $25.5 million crypto scam by the Indian Enforcement Directorate puts big payment players like Paytm, RazorPay, and PayU in the limelight. The investigation, having frozen upwards of more than $5.81M thus far, has reportedly exposed large loopholes in how suspicious transactions were treated.

The HPZ Token scam has India’s financial regulators on red alert. This crypto mining scheme duped people in 20 states, raking in millions before transferring the loot overseas. Now, the ED is investigating eight payment gateways, including big names like Paytm, RazorPay, and PayU, for their part in processing such fraudulent transactions.

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The crackdown unveiled frozen funds across the platforms: PayU leads the chart at $1.51M, Easebuzz follows with $387K, and RazorPay stands at $208K. The reports quote these companies to have helped in facilitating the bulk transactions without flagging suspicion. The ED is grilling the companies as to whether or not they filed the Suspicious Transaction Reports with the RBI or the Financial Intelligence Unit.

This scam operated through more than 50 companies in Delhi and Karnataka, with operations spilling over into Maharashtra and Gujarat. ED is now tracing the cash trail, closing in on crypto fraud.

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This bust is a wake-up call to everybody riding the crypto wave in India. Always DYOR, folks.

Vitalik Buterin Wants Layer 2s to Boost Ethereum’s Game with ETH

Summary: Vitalik Buterin, OG co-founder of Ethereum, called Layer 2 networks to go all in with ETH big time. Here are hot takes on how Ethereum scaling goes from meh to massive, and ETH becomes the MVP.

Scaling on Ethereum has been slow, but the CEO V Vitalik Buterin had a plan how to get things pop. He encourages Layer 2 solutions to make ETH their go-to asset-be it for staking, burning, or collateral. Goal: Make ETH skyrocket in value and Ethereum the backbone of a thriving blockchain economy.

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Vitalik’s spicy take: L2 networks should burn or stake some of their gas fees permanently to keep ETH at the center. And he’s hyped about blob transactions too—yes, blobs. If blob fees stay steady and the blob count jumps to 128, Ethereum could burn 713,000 ETH annually. Translation: Big bucks for the network.

The blog also drops hints about leadership changes at the Ethereum Foundation, showing Vitalik’s ready to shake things up. “Ethereum’s tech and community are leveling up, but there’s still tons to do. Now’s the time to double down,” he says.

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Vitalik’s vibe is clear: L2s and ETH are the power couple that can take Ethereum from good to god-tier. Time to lock it in, blockchain fam.

AI Tech Helps Indian Police Reunite Lost Families at MahaKumbh

Overview: The chaos of MahaKumbh 2025-join in with over 400 million people-and AI took on the mantle of the real MVP in helping police reunite lost families in Prayagraj, Uttar Pradesh.

MahaKumbh, India’s iconic 12-yearly festival, has gone full tech-mode this year; they literally call it “Digital MahaKumbh”. With AI in the lead and supplemented with facial recognition and VR, UP police crushed crowd control like pros to bring families together.

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Take this heartwarming case: Sarita Singh lost her son and mother-in-law in the sea of devotees. The police ran her son’s photo through their AI-powered facial recognition software, which scanned footage from one of the 2,760 CCTV cameras set up across the event. Boom—within hours, the cameras spotted her son chilling near a tea shop with his grandma, and they were reunited.

According to Amit Kumar, a senior cop, the AI isn’t just about finding people. It’s a multitasking genius, calculating crowd surges and even throwing alerts if something sketchy happens, like a fire or trespassing. This 24/7 is watched by the tech squad of 500 at the control center to ensure everything remains smooth for the festival vibe.

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By the time the MahaKumbh finishes on February 26, AI will be stretched to show that even traditional events can wear a modern look and feel.

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