The Daily: Crypto’s ‘pivotal moment’ on Inauguration Day, Trump and Melania’s memecoin mania and more
2025-01-21
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Happy Inauguration Day! It's been a whirlwind few days with controversial memecoin launches, bitcoin hitting all-time highs and mounting speculation around crypto-focused executive orders. Take a moment to catch up on the industry's latest news as the new President begins his second term. 
In today's newsletter, we've got crypto-related inauguration commentary, Trump and Melania memecoin mania, World Liberty Financial's token acquisitions and more.
Meanwhile, Trump reportedly taps CFTC Commissioner Caroline Pham to lead as acting chair.
Let's get started.
Crypto's 'pivotal moment' on Trump's Inauguration Day
Donald Trump's inauguration as the 47th President of the United States marks a "pivotal moment" for crypto, with bold policy changes anticipated, according to industry experts.
Trump and Melania's controversial memecoin launch
Donald Trump's inauguration follows the high-profile and controversial launch of his official Solana-based memecoin, TRUMP, during the premiere Crypto Ball in Washington on Friday night.
World Liberty Financial's token sale surge and buying spree
WLFI token sales for the Trump family-backed World Liberty Financial DeFi project surged to more than $250 million on Sunday from $91 million the day before, driven by renewed interest amid the memecoin launches.
Solana daily transaction fees reach record $33 million
Solana's daily transaction fees hit a record $33.2 million on Sunday, driven by heavy onchain activity generated by the TRUMP and MELANIA memecoin launches on the blockchain.
Bitcoin hits all-time high above $109,000
Bitcoin surged to a new all-time high of more than $109,000 earlier on Monday, driven by anticipation of pro-crypto policies from President Trump.
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