Veröffentlicht am

Donald Trump’s transition team considering first-ever White House crypto office

  • Trump’s team is considering creating a White House role dedicated to crypto policy.
  • The proposed “crypto czar” would provide direct access to the President for the industry.
  • Donald Trump’s past promises include ending the SEC crypto crackdown and a Bitcoin reserve.

As President-elect Donald Trump prepares to take office, there are reports that his transition team is actively exploring the creation of the first-ever White House position dedicated to cryptocurrency policy.

According to a Bloomberg report, discussions are underway about appointing a senior figure to oversee the growing digital assets industry and its regulation at the highest level of government.

The proposed role, often referred to as a “crypto czar,” would provide the crypto industry with a designated point person at the White House, offering a direct line to the President.

If established, this position would serve as a liaison between the digital assets sector, Congress, and key regulatory agencies such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

Industry advocates are pushing for the role to be one with significant access to Trump, ensuring that the industry’s concerns are heard at the highest levels of power.

Though no final decision has been made regarding the creation of the role, Trump’s team has reportedly consulted with several leaders from the crypto space, including Brian Brooks, the former CEO of Binance.US, and Brian Armstrong, the CEO of Coinbase.

These discussions signal the potential for significant changes in the way the U.S. government engages with the cryptocurrency industry.

Trump’s support for crypto has been evident since his campaign, where he promised to end the SEC’s crackdown on digital assets and even proposed the establishment of a federal strategic Bitcoin reserve. His appointments, including that of Howard Lutnick to head the US Department of Commerce, further reflect his engagement with the sector, though Lutnick’s position holds less influence over crypto regulation.

The crypto czar role would allow the White House to more effectively address the complexities of cryptocurrency regulation, giving the digital assets industry a more structured and prominent voice in policymaking.

As Trump moves closer to taking office, the creation of such a position would mark a pivotal moment for the US crypto landscape.

The post Donald Trump’s transition team considering first-ever White House crypto office appeared first on CoinJournal.

Veröffentlicht am

Vantard meme index fund explodes as Bitcoin breaks $94k

Vantard, the meme coin index fund that offers a portfolio of the top Solana meme coins, has recorded a massive uptick. Meanwhile, Bitcoin (BTC) is eyeing further gains after breaking above $94,000.

Why is this outlook good for the market and in particular, Vantard (VTARD)?

Bitcoin surges to above $94k

With Bitcoin price rallying to above $94,000 as it rides the latest wave of demand, investor attention is on what next. Analysts forecast a surge past $100k and a parabolic rise in 2025. ETF demand and options trading amid a positive regulatory environment are key catalysts in this perspective.

However, as investors eye the flagship digital asset’s bullish course, interest is firmly on potential gems primed for a bull market explosion. In the current market setup, the upcoming meme supercycle has many traders looking at what next.

This is because whereas Bitcoin has captured attention with its impressive surge, some meme coins have vastly outperformed it in the past few weeks. Moo Deng for instance is up 179% in the past week and 379% in the past month, outpacing the top coin’s 2% and 39% respectively in that period.

But MOODENG is just one of the top Solana-based meme gems in the Vantard Meme Portfolio, with the overall performance of the index aligning with anticipation that the market is on the verge of a supercycle.

Vantard meme index fund: for the supercycle?

Looking at the crypto market charts today, data shows Vantard meme coin portfolio tokens have cumulatively spiked more than 25%. In comparison, top coins like BTC, ETH and SOL are registering upsides of +0.5%, -2.4% and -3.7% respectively.

Notably, Popcat, Goateus Maximus and Michi have all slumped amid meme coins’ market dip of 4% in 24 hours. However, the performance of MOODENG and hehe tokens have lifted the index, setting up a rally for the basket when sentiment flips positive.

Vantard is currently offering access to its portfolio via the sale of VTARD, the token representing the basket of coins in the index. Having exploded to $500k in its pre-seed sale, Vantard has shot to another $860k in the ongoing seed sale.

This comes as meme coins such as Chill Guy smash it with over 500% gains in 24 hours. Rebalancing means Vantard’s meme index will eye similar performers in its portfolio. VTARD enables holders to ride this wave without worrying about how to spot the next 100x or 500x token.

That’s why an early entry, with current VTARD price at $0.00015, may be the best way to position.

Want to learn more about Vantard? Visit the official website here.

The post Vantard meme index fund explodes as Bitcoin breaks $94k appeared first on CoinJournal.

Veröffentlicht am

Possible Floki price breakout on the horizon after Coinbase listing

  • Coinbase listing FLOKI on November 21 could boost liquidity and market interest.
  • Technical analysis suggests a 30% price surge if FLOKI breaks consolidation levels.
  • On-chain data shows increased transaction volume, signalling a potential bullish trend.

The announcement that Coinbase will list FLOKI, a dog-themed meme coin, on the Ethereum network has sparked widespread attention. FLOKI, the sixth-largest meme coin by market capitalization at $2.3 billion, has already gained significant traction across major exchanges such as Binance and Bybit.

However, its listing on the United States’ largest cryptocurrency exchange could signal the next big step for the meme coin in both price action and broader market recognition.

Impact of upcoming FLOKI listing on Coinbase

FLOKI’s support on Coinbase, slated to open on November 21, 2024, at or after 9 am PT, is expected to provide a substantial boost to the token’s liquidity, with trading initially available on the FLOKI/USD pair.

While this announcement led to a 14% increase in FLOKI’s price earlier, the token has experienced a modest decline of over 5% in the 24 hours following Coinbase’s official confirmation. Despite this, the trading volume surged by 17%, signalling heightened market interest.

Floki price technical analysis

The technical outlook for FLOKI is showing signs of promise, as it appears poised for a breakout. On the four-hour timeframe, technical analysis reveals a descending triangle pattern, which suggests that a potential upward move could be on the horizon.

Experts predict that if FLOKI breaks out of its current consolidation range between $0.000232 and $0.000275, the meme coin could see a 30% price surge, potentially reaching the $0.00035 level in the coming days.

The 200 Exponential Moving Average (EMA) also signals that FLOKI remains in an uptrend, with its price consistently trading above this critical level.

Possible Floki breakout on the horizon after Coinbase listing

FLOKI’s technical indicators aren’t the only bullish signs. On-chain data reveals a sharp increase in large transactions for meme coins, with a notable 98% surge in SHIB’s transaction volume, driven by whales and institutional investors.

However, FLOKI’s open interest dropped by 12% on November 20 according to Coinglass, suggesting that traders might be waiting for a breakout to position themselves for a potential rally.

As the date for Coinbase’s listing approaches, FLOKI’s future looks promising. With the right technical momentum and broader market interest, FLOKI could be on the verge of significant price action, making it a token to watch closely in the coming weeks.

The post Possible Floki price breakout on the horizon after Coinbase listing appeared first on CoinJournal.

Veröffentlicht am

Kava launches community-driven memecoin creation platform HARD.fun

  • HARD.fun allows users to easily create memecoins with Kava’s AI chatbot.
  • The platform is community-driven, with governance and tokenomics voted on.
  • The platform offers cross-chain support, spanning Kava, Ethereum, Cosmos, and more.

Kava, a secure and fast Layer-1 blockchain combining the power of Ethereum with the speed and interoperability of Cosmos, has launched HARD.fun, a groundbreaking decentralized memecoin creation platform.

This follows a vote by holders of Kava Lend’s governance token HARD, in which more than 80% of voters backed the proposal.

Designed to democratize the creation of memecoins, HARD.fun allows anyone to create and launch their own memecoin with minimal effort, using the innovative Kava AI chatbot.

The HARD.fun platform features

Unlike traditional centralized platforms like Moonshot, Pump.fun, and Gra.fun, which are controlled by developers, HARD.fun is a community-driven platform.

With a focus on ensuring that the value of memecoins is shared among the communities that support them, HARD.fun allows token holders to vote on the platform’s governance and the tokenomics of specific meme coins. This decentralized approach is in line with the core principles of cryptocurrency, where user participation and ownership drive the success of projects.

One of the standout features of HARD.fun is its integration with Kava’s AI technology. The Kava AI chatbot simplifies the process of creating a memecoin by directly querying the Kava Chain and other networks like Ethereum and Cosmos.

Kava on November 16 launched the first decentralized AI model to compete with ChatGPT at Devcon taking its AI technology a notch higher.

HARD.fun users will only need to specify the type of token they wish to create, and the platform will handle the rest, generating the coin on the chosen blockchain. This makes it easier for anyone, even those without technical expertise, to bring their creative visions to life and contribute to the growing memecoin ecosystem.

HARD.fun also embraces cross-chain interoperability, allowing users to launch memecoins that span multiple ecosystems, including Kava EVM, Ethereum, Cosmos, and others. In the future, it will extend to more chains like BNB Chain, Solana, and Tron, making these memecoins accessible and tradable across a wide range of networks.

In addition to simplifying the creation process, HARD.fun introduces a reward-sharing model that benefits memecoin holders. The platform’s governance structure enables users to vote on key decisions, ensuring that the memecoin community remains at the forefront of development.

With Kava Lend’s governance token HARD powering the platform, users can benefit from increased transaction volume and the long-term value of their memecoins.

Through this innovative initiative, Kava is positioning itself as a leader in the evolving memecoin space, bringing greater value and accessibility to the crypto community.

The post Kava launches community-driven memecoin creation platform HARD.fun appeared first on CoinJournal.

Veröffentlicht am

Hoth Therapeutics to buy up to $1 million worth of Bitcoin

Hoth Therapeutics, a publicly-traded biopharmaceutical company, has adopted Bitcoin (BTC) as a treasury asset.

The clinical-stage biopharmaceutical company announced on Nov. 20 that its board of directors had approved adding BTC to its balance sheet. In the first step of this significant move, Hoth Therapeutics will buy up to $1 million in Bitcoin, according to details in a press release.

Big move as Hoth buys Bitcoin

Hoth points to Bitcoin’s traction as an investment asset, global adoption and rising institutional purchase as key to its decision. Bitcoin ETFs and options approval, increased ETF inflows and assets as well as plans for strategic BTC reserves has also buoyed several platforms.

The Hoth management team also looked at BTC as a hedge against inflation and store of value as crucial features.

“As Bitcoin continues to grow, gaining investor attention and acceptance as a major and primary asset class, we believe that Bitcoin will serve as a strong treasury reserve asset,” Robb Knie, chief executive officer of Hoth said.

“With recent approval of Bitcoin ETFs and increasing activity from institutional investors, it is a strong addition to our treasury strategy. We believe its inflation-resistant characteristics may make it a reliable asset as a functional store of value,” Knie added.

Hoth’s move comes as MicroStrategy, the company that has acquired a massive BTC haul since its first purchase in 2020, added to its holdings with a $4.6 billion purchase. Other companies, including ‘Asia’s MicroStrategy’ Metaplanet are looking to follow suit.

Endowments, pension funds and family offices are among those to also take a serious look at Bitcoin.

Meanwhile, the price of Bitcoin has surged to new all-time highs above $94,000 amid positive sentiment since Donald Trump’s re-election. Analysts say the benchmark crypto asset will surpass $100k, going parabolic in the next months.

The post Hoth Therapeutics to buy up to $1 million worth of Bitcoin appeared first on CoinJournal.