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The new US first lady, Melania Trump, has followed her husband's lead by launching a multibillion-dollar cryptocurrency meme coin, amid a rally in digital currencies as he prepares to return to the White House. The price of the incoming president's token, $Trump, had tripled to over $70 (£57) shortly after its launch on Friday, giving it a total value of over $14 billion. But the launch of her husband's wife's coin, $Melania, meant investors went into her rival coin instead.
The value of Trump's memecoin has gone through the roof, and Melania's has too. Analysts are saying that the launches raise regulatory and ethical concerns. Trump's company says he won't be getting involved in family businesses. Bitcoin's price has also hit a new record high.
Cryptocurrency exchange Crypto.com has received provisional authorisation to operate throughout the European Economic Area under a Markets in Crypto-Assets (MiCA) licence. This development marks a significant step in the regulation of the crypto market in Europe.
Boerse Stuttgart Digital Custody has achieved a significant milestone by becoming the first German crypto service provider to secure the EU-wide MiCA license, positioning itself as a leader in the evolving European crypto market.
The launch of the Official Trump meme coin has triggered unprecedented activity on Solana’s decentralized exchanges (DEXs), propelling the network’s trading volume and SOL token price to historic highs.
The success of the regulation will depend on consistent enforcement across the EU and balancing oversight with growth, amid a global trend towards more comprehensive crypto regulation.
A recent analysis of over 1,000 Tiktok cryptocurrency videos found that 68% of crypto advice on the platform is misleading.
On Friday, the 12-spot Bitcoin exchange-traded funds (ETFs) reached another high, attracting USD 428.98 million during trading. Meanwhile, nine spot Ether ETFs saw a $23.61 million boost to their balance sheet.
Solana DEX volume exceeds $100 billion, doubling Ethereum's trading activity over the same period. Solana's institutional appeal grows thanks to ETF plans and its increasing acceptance in DeFi and Meme coin trading.
The index ranges from 0 (Extreme Fear) to 100 (Extreme Greed), reflecting crypto market sentiment. A low value signals over-selling, while a high value warns of a potential market correction.
Bitcoin: $106,000
Tesla Model 3: $40,600
Answer: 2.62
