Trump’s $2 billion stablecoin deal with UAE-backed MGX triggers ethics probe, jeopardizing Senate progress on stablecoin legislation.
Trumpcoin News
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Abu Dhabi’s MGX will use a Trump-affiliated stablecoin to settle a $2 billion investment into Binance in one of Web3’s largest funding deals.
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The profit-taking came as the Official Melania Meme token staged an over 21% weekly recovery, but remains 96% below its all-time high.
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The US President plans to host a private dinner for the top 220 holders of his TRUMP memecoin.
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The Trump Coin team said that the block explorer doesn't correctly reflect the criteria they set for dinner eligibility.
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The Movement Network concurrently launched its public mainnet beta. The MOVE token has a fully diluted value of nearly $5 billion.
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Trump’s DeFi platform is currently sitting on a total unrealized loss of over $89 million across its holdings.
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The growing appetite for memecoins may be limiting Solana’s price performance, industry insiders told Cointelegraph.
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A recent spate of scandals have dampened retail sentiment on memecoin trading.
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Token listing announcements stir up hype, but data shows a majority of tokens sell-off once listed.
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SEC Commissioner Hester Peirce says memecoins like TRUMP are outside the agency’s jurisdiction as investors lose $2 billion from the token’s decline.
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Traders say the tokens drawdown was more about shifts in market liquidity than fundamentals.
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The memecoin fund adds to Grayscale’s growing suite of single-asset crypto products.
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The upgraded DEX introduces “hooks,” or customizable logic for trading pairs.
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The memecoin launch attracted hundreds of thousands of new onchain users, propelling Solana to become the third-largest blockchain network by stablecoin supply.
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