The Daily: Trump frees Ross Ulbricht, Jupiter airdrops $600 million in JUP tokens and more
2025-01-23
Category: None

Happy Wednesday! The community is in a celebratory mood after the release of early Bitcoiner Ross Ulbricht from prison. The question now is: does this make Trump's other crypto campaign pledges more likely to be fulfilled?
In today's newsletter, Ulbricht gets a presidential pardon, Jupiter distributes over $600 million in its "Jupuary" airdrop, the "horrendous tokenomics" of Trump's memecoin and more.
Meanwhile, Vitalik Buterin says, "no man left behind," as the Ethereum community calls for Trump's help to free developers.
Let's get started.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Trump frees Ross Ulbricht
President Donald Trump has signed an executive order issuing a full and unconditional pardon for Ross Ulbricht, the Silk Road creator integrally tied to Bitcoin's early history.
Jupiter distributes over $600 million in 'Jupuary' airdrop
Solana-based decentralized exchange aggregator Jupiter is distributing 700 million JUP tokens worth around $616 million in its "Jupuary” airdrop to 2 million eligible user wallets on Wednesday.
Trump memecoin's 'horrendous' tokenomics
The Official Trump memecoin surged over 12% during the past 24 hours to trade back above $40, despite criticism from K33 analyst David Zimmerman of its "horrendous" tokenomics and a market cap drop from $15 billion to $8.4 billion.
BlackRock CEO Larry Fink sees a world where bitcoin hits $700,000
During a televised interview with Bloomberg at the World Economic Forum in Davos, BlackRock CEO Larry Fink suggested that widespread adoption of a 2% to 5% bitcoin portfolio allocation could push the cryptocurrency's price to as high as $700,000.
US court rules against Tornado Cash sanctions, TORN surges
A U.S. District Court ordered the reversal of sanctions on crypto mixer Tornado Cash on Tuesday, following an Appeals Court ruling in November.
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