US President Donald Trump Makes Remarks at Inauguration Ceremony
Following his inauguration, US President Trump announced a national emergency on the southern border, the repatriation of criminal aliens and the repeal of the electric vehicle law. He also announced that tariffs would be reinstated, and the Panama Canal would be brought under US control.
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5 Altcoins Purchased by World Liberty Financial
Trump family-backed World Liberty Financial made crypto purchases totaling $23.5 million. ETH, LINK, ENA, AAVE and TRX were purchased for $4.7 million each.
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Musk Announces Ross Ulbricht’s Release
Elon Musk announced that Silk Road founder Ross Ulbricht will be released with a pardon from US President Trump.
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Cryptocurrency Searches at the Top on Google
According to Google search data, the search volume for “how to buy cryptocurrency” reached its highest level in the last 5 years.
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DOGE Faces Three Different Lawsuits
The Musk-led Department of Government Efficiency (DOGE) has faced three lawsuits for violating the Federal Advisory Committee Act.
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Ethereum Foundation Pledges 50,000 ETH for DeFi
The Ethereum Foundation announced the transfer of 50,000 ETH to a new wallet address to support decentralized finance (DeFi) projects.
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Arthur Hayes: “Trump Will Not Create a Bitcoin Reserve”
Arthur Hayes said Trump’s plans to create a Bitcoin reserve are unlikely and criticized the purchase of Bitcoin with debt.
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Rumble Makes First Bitcoin Purchase
After announcing its $20 million Bitcoin strategy, video-sharing platform Rumble has completed its first BTC purchase and announced plans for more purchases in the future.
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Delayed Bitcoin Purchase from MicroStrategy
MicroStrategy, led by Michael Saylor, announced Bitcoin purchases for the 11th consecutive week. The company bought 11 thousand Bitcoins. 1.1 billion dollars was paid for BTCs. The average purchase was 101,191 dollars. With this purchase, the total number of BTC held by the company increased to 461 thousand.
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2.2 billion Dollar Inflows to Crypto Funds
Last week, crypto funds saw net inflows of $2.2 billion as Donald Trump assumed the presidency. While Bitcoin remained the leader in these inflows, interest in XRP and other altcoins attracted attention.
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