TRUMP token rallies after President Trump says it’s “SO COOL”

The Official Trump (TRUMP) memecoin linked to US President Donald Trump soared over 12% to $12.25 in 40 minutes on March 23, after the president referred to as it “The best of all of them” on social media.

“I LOVE $TRUMP — SO COOL!!! The Best of all of them!!!!!!!!!!!!!!!!” Trump mentioned on Fact Social on March 23 at 2:33 am UTC.

Almost $250 million was added to the TRUMP token’s $2.5 billion market cap by 3:11 am earlier than the memecoin fell again right down to $11.38 about 90 minutes later, CoinGecko knowledge reveals and is now buying and selling at $11.82.

Regardless of being the 53rd largest coin by market cap, Trump’s submit contributed to it being the eighth most-traded token during the last 24 hours with $1.4 billion in buying and selling quantity.

Not everybody who purchased TRUMP walked away a winner on March 23.

One whale who beforehand banked round $108 million on TRUMP misplaced $207,000 from a current commerce; blockchain analytics agency Lookonchain pointed out.

The TRUMP token has traded largely downward and sideways ever because it reached a peak market cap of $14.6 billion on Jan. 19.

Twister Money goes stay on MegaETH testnet

A largely unknown crypto developer who goes by the identify “GUNBOATs” on X has launched crypto privateness mixer Twister Money on MegaETH testnet — a brand new Ethereum layer 2 blockchain trying to resolve Ethereum’s scalability points. 

The crypto developer confirmed a command-line interface (terminal window) of the Twister Money sensible contract “0x0cB…65142” deployed on the MegaETH testnet at block 1,397,845 — which was timestamped on March 21 at 5:41 pm UTC, in accordance to the MegaETH explorer.

The mixing occurred shortly after the US Treasury Division eliminated Twister Money from its sanctions record on March 21 and two months after a US appeals court docket mentioned the Treasury’s Workplace of International Property Management couldn’t sanction Twister Money sensible contracts as a result of they aren’t the property of a overseas nationwide.

MegaETH additionally launched its testnet on the identical day the Twister Money sanction was lifted.

Whereas it isn’t clear if and when a full launch will happen, the corporate behind the MegaETH public testnet claims it gives “unparalleled efficiency” with 10 millisecond block occasions whereas processing round 20,000 transactions per second.

Solo Bitcoin miner wins BTC block, banking $266K

A solo Bitcoin miner believed to have been utilizing a miner with lower than one terahash per second (TS/s) has solved one of many blockchain’s blocks and earned a $266,552 reward.

“One other solo miner discovered a block!! This time on a self hosted Public Pool. We will’t be certain however the guess is it was a miner with lower than 1 TH/s,” Nerdminer Retailer mentioned in a March 23 X submit.

The Bitcoin miner snared a complete of three.15 BTC for fixing block 888,989, which was timestamped on March 23 at 1:30 am UTC, mempool.area knowledge reveals.

That bounty included the present 3.125 Bitcoin subsidy and one other 0.027 Bitcoin ($2,254) from transaction charges.

If Nerdminer is appropriate in believing a miner with lower than 1 TH/s was used to mine the block, the machine seemingly would have been a hand or pocket-sized rig that possesses a fraction of the hashrate that industrial-scale application-specific built-in circuits (ASIC) have.

For context, the Bitcoin mining market estimates that the percentages of the 1.2TH/s rig mining a solo block on any day is one in 4.6 million probability.

It comes after a 0.48 TH/s mining machine solved Bitcoin block 887,212 on March 10, banking $263,000 in whole rewards.

No, the IMF didn’t say Bitcoin is “digital gold”

Bitcoin was talked about a number of occasions within the Worldwide Financial Fund’s seventh version of its “Built-in Stability of Funds and Worldwide Funding Place Handbook,” which was printed on March 20 — however none of which referred to it as “digital gold,” opposite to some stories. 

The IMF supplied classifications on “crypto belongings” comparable to Bitcoin as a “medium of trade” whereas stating that many new digital belongings are designed to additionally act as a “retailer of worth.”

“It is a huge stretch to leap to: ‘IMF says bitcoin is digital gold,’” Satoshi Motion Fund CEO Dennis Porter mentioned in a March 23 X submit.

“[It’s] a very good signal that the IMF is recognizing this however undoubtedly not an endorsement of Bitcoin as ‘digital gold.’”

The IMF additionally distinguished fungible tokens from non-fungible tokens and categorised the latter as both a token designed to behave as a medium of trade or as a safety.

Associated: Who’s working in Trump’s race to make US a ‘Bitcoin superpower?’

Bitcoin and “crypto belongings” have been amongst 9 “main modifications” to the seventh version, which comprised 1,076 pages.

The IMF’s seventh version was launched because it continues to barter with El Salvador over narrowing the scope of the nation’s Bitcoin actions.

Different information: 

Stablecoin issuer Tether is reportedly participating with a Large 4 accounting agency to audit its belongings reserve and confirm that its Tether (USDT) stablecoin is backed at a 1:1 ratio. The auditing of Tether’s $143.5 billion value of belongings is anticipated to be extra simple underneath US President Donald Trump, Tether’s CEO Paolo Ardoino reportedly mentioned.

The CEO of Pakistan’s Crypto Council, Bilal Bin Saqib, has proposed utilizing the nation’s runoff power to gas Bitcoin mining on the Crypto Council’s inaugural assembly on March 21. It’s reportedly exploring complete regulatory frameworks to draw extra overseas crypto funding into the nation and probably turn into a crypto hub.

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