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TRUMP has become the arena for big capital games, and even if the 10U War God theoretically yields a high return of 450 times, it is still less than one percent of the average investment from large players.
Quick Take Solana’s TRUMP token has sparked a surge in crypto app downloads, led by Phantom jumping 322 spots. The following is an excerpt from The Block’s Data and Insights newsletter.
Quick Take The Department of Government Efficiency prominently displayed the Dogecoin logo on its official U.S. government website on Tuesday, alongside a dollar sign and the slogan “the people voted for major reform.” Asset managers Osprey Funds and Rex Shares filed to list ETFs tracking multiple cryptocurrencies, including Trump’s new memecoin, just a day after the pro-crypto administration took office. MicroStrategy shareholders have voted in favor of amendments to increase the number of authorized Clas
Quick Take One of the largest publicly traded bitcoin miners is looking to the artificial intelligence and high-performance computing boom. Riot is reducing its previously announced total self-mining hash rate capacity growth and associated capital expenditures for 2025.
Quick Take President Donald Trump has officially signed an executive order issuing a full and unconditional pardon to Ross Ulbricht, the Silk Road creator integrally tied to Bitcoin’s early history.
- 20:42U.S. Consumer Confidence Shows Signs of Weakness, Inflation Expectations Hold Most Gains Since ElectionThe University of Michigan's consumer confidence survey at the end of January showed some signs of weakness, with the overall index dropping to 71.1 from an initial reading of 73.2 earlier in the month and 74.0 at the end of December, the lowest level since the pre-election period (70.5 in October), suggesting more skepticism as a new administration is about to take office. The fact that inflation expectations have extended much of their rise since the election may also have something to do with this. Median inflation expectations for the year were unchanged from January's initial reading of 3.3%, up from 2.8% in December and 2.7% in October. Five-year interest rate expectations fell to 3.2% from 3.3% at the start of the month, but remained above the 3.0% of last December and October and the highest month-end rate since mid-2008.
- 19:51U.S. Consumer Confidence Shows Signs of Weakness, Inflation Expectations Hold Most Gains Since ElectionJanuary 25, the United States in January one-year inflation rate is expected to final value of 3.3%, expected 3.2%, the previous value of 3.30%. U.S. January University of Michigan Consumer Sentiment Index final value of 71.1, expected 73.2, the previous value of 73.2.
- 19:49U.S. House Financial Services Committee Chairman: Supports Trump's Digital Assets Executive Order, Opposes CBDC IssuanceOn January 25, Crowdfundinsider reported that French Hill, Chairman of the U.S. House Financial Services Committee, and Bryan Steil, Chairman of the Subcommittee on Digital Assets, FinTech, and Artificial Intelligence, issued a joint statement in support of Trump's signing of the executive order related to digital assets. The two chairmen said that the President's Task Force on Digital Asset Markets will strengthen U.S. leadership on the international stage. Notably, they also emphasized their stance on banning the issuance of central bank digital currencies (CBDCs) in the U.S., arguing that it is consistent with the goal of protecting Americans' financial privacy.