Kategorie: Crypto News

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TRUMP meme coin’s 580% surge stirs market: Is iDEGEN the next gem?

Official Trump (TRUMP), the meme coin of U.S president-elect Donald Trump has stormed the crypto market with a surge to the $6 billion market cap.

Is the meme coin’s spike ahead of Trump’s inauguration a signal for what comes next for Solana and iDEGEN? Latest market reaction for SOL and iDEGEN’s AI agent token IDGN suggests this could be a great buy opportunity.

$TRUMP launches meme coin

US President-elect Donald Trump announced the launch of the Official Trump (TRUMP) token on Friday, Jan 17. Within 24 hours of the unveiling, the meme coin jumped 580% in price movement and hit nearly $6 billion in market cap.

Notably, $TRUMP is a meme coin inspired by the president’s election victory and memorable “Fight, Fight, Fight” call in July 2024 following an assassination attempt. However, investors eyeing opportunities see it as an indicator of the potential wild ride crypto is about to embark on post Trump inauguration.

TRUMP, SOL rally

With Trump’s inauguration on Jan. 20 seen as the start of an exciting era for crypto, many analysts say digital assets could be poised for a major rally in 2025 and beyond.

Official Trump’s website features a disclaimer that the meme coin $TRUMP is “not an investment opportunity nor a security of any type.” But the market has eyes on the potential, which explains the $8.5 billion 24-hour volume.

The $TRUMP token’s rally to an all-time high of $33.87 on Jan. 18 pushed it into the top 30 coins by market cap. Meanwhile, the price of Solana recovered above $250, rising by more than 17% as Bitcoin, Ethereum and XRP pared gains.

SOL traded to highs of $262 at the time of writing, just shy of the all-time high above $263 reached in November. Analysts say SOL price could go parabolic.

Is iDEGEN the next crypto gem?

iDEGEN is an AI agent that’s taken X by storm. With the token IDGN set for exchange debut on February 27, the ongoing presale and countdown offer a chance for enthusiasts to position.

What’s interesting about iDEGEN is its overhaul of the market with a degen raised AI agent. The project has no guardrails and tweets every hour, learning from the degen community as it evolves. It’s a model that has landed the agent into trouble on X, with its unfiltered posts flagged for “violent speech.”

But despite this, the iDEGEN presale has raced to over $17 million raised and over 1.4 billion IDGN sold.

The iDEGEN project recently switched to a stage-based presale model, which means price increases after each stage. Currently, that price is at  $0.011 and will increase to $0.0121 in the next stage and $0.038 in the final presale stage. That means a potential 300% rise before the end of the presale and token launch on exchanges.

Could iDEGEN outpace competing AI agent tokens and outpace TRUMP, SOL in coming months?

Learn more about the project or how to buy here.

The post TRUMP meme coin’s 580% surge stirs market: Is iDEGEN the next gem? appeared first on CoinJournal.

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Crypto.com receives in-principle MiCA licence

  • Crypto.com says the MiCA licence allows the exchange to passport its services across the European Union.
  • The firm joins other crypto companies in securing regulatory approval in the EU, including Circle, Borse Stuttgart Digital, MoonPay and Coinbase.

Crypto.com is set to expand its services and products in the European Union after obtaining the crucial Markets in Crypto Assets (MiCA) approval.

The exchange announced the key regulatory milestone via a news release on Jan. 17.

Crypto.com eyes EU expansion

Having now secured an in-principle license from MiCA in the EU, Crypto.com is now edging closer to full regulatory approval becoming one of the first crypto service providers to achieve this milestone.

The license allows companies to operate across the European trading bloc consisting of 27 nations. Upon approval, Crypto.com will be able to offer a wide range of crypto services through out the jurisdiction.

European Union under a leadership framework which enhances accountancy and transparency in the industry. Commenting the news, President and chief operating officer of Crypto.com Eric Anziani, said:

“We have always been fully supportive of MiCA and strongly believe it will bring clarity, transparency, and establish a more streamlined sentiment towards the regulation of our industry across the EU, all of which adds to the growing confidence in the crypto sector. “

Companies have been pushing towards attaining a crypto asset service provider license under MiCA since 2023 crypto legislation was passed.

Crypto.com joins several other platforms in securing MiCA licences.

These include Boerse Stuttgart Digital, MoonPay, Circle and Coinbase, some of the crypto companies to successfully secure MiCA approval ahead of the regulatory rollout of MiCA in the EU.  Notably, the comprehensive crypto rules came into full effect on December 30, 2024.

The post Crypto.com receives in-principle MiCA licence appeared first on CoinJournal.

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Here’s why OKB price spiked 20% today

  • OKB token surged more than 20% to hit highs of $61.29 on Jan. 17.
  • The altcoin, native to the OKX exchange, rose as the community reacted to news around Azuki’s Animecoin (ANIME).

OKB registered a price surge 20% higher. The price surge follows OKX adopting OKB as the primary token for mining Animecoin which is their maiden project aimed at revolutionizing the Anime industry.

On Friday Jan 17, the price of OKB, the native token of the OKX ecosystem rose by 20% posting a high of $58.86. This came after the crypto platform chose it as the primary token for mining Animecoin (ANIME), the Azuki backed token.

OKX Jumpstart and ANIME tokens

The OKX Jumpstart staking program  is set to begin mining Animecoin on Jan 20. The OKB users can stake their OKB and BTC tokens to gain Anime tokens.

The program will run from Jan 20 to Jan 23.

While there is no minimum limit for staking for the holders of OKB and BTC tokens, maximum staking limit is set at 600 OKB and 0.3 BTC ($30,000). Staking and unstaking is permissible at any given time.

Of the 10 billion total token reserve, a share will go to the active participants in the OKX Jumpstart event. 50.5% of the total supply will be apportioned to the community. 37.5% of the token will go to the Azuki community who are the very first supporters of Animecoin while Community Cultivation which is held by future AnimeDao will get 13%. The 13% will be used as community incentives and initiatives.

Partner communities will also get 2% share.

The Anime token Listing

The Anime token is set for listing on both the Ethereum and Arbitrum platforms on Jan 23. Sources indicate that the token will stir up great following among the Anime users,its creators and revolutinize the the anime ecosystem to a great deal.

The post Here’s why OKB price spiked 20% today appeared first on CoinJournal.

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Online gambling market to hit $161B in 5 years, new data reveals

  • Online gambling is projected to hit $161B by 2030.
  • The growth is expected to be driven by tech, the easing of regulations, and the increasing crypto use in the space.
  • The market must however overcome challenges like cyber threats and addiction risks.

In a groundbreaking revelation from the latest gambling market analysis by Research and Markets, the online gambling sector is on track for significant expansion, with projections indicating a valuation of USD 161.32 billion by 2030. 

This growth trajectory, marked by a compound annual growth rate (CAGR) of 10.57%, underscores the digital transformation sweeping through the gambling industry, fueled by technological advancements and shifting regulatory landscapes.

Factors driving the online gambling market growth

At the moment the online gambling market is thriving as a result of several converging factors. Foremost among these is the relentless rise in smartphone adoption and global internet penetration. 

With more people gaining access to high-speed internet and mobile devices, the ease of accessing gambling platforms has never been greater. This has democratized gambling, bringing it to the fingertips of millions who previously might not have engaged with traditional gambling establishments.

Another pivotal driver behind this market boom is the gradual liberalization of online gambling regulations. 

Governments in numerous countries are recognizing the revenue potential of legalizing and regulating online gambling, thereby reducing the stigma and legal barriers that once hindered its growth. This regulatory thaw has not only legitimized the industry but also opened up new markets, particularly in regions previously restricted by stringent gambling laws.

The integration of cutting-edge technologies has also played a crucial role. Virtual Reality (VR) is beginning to offer players immersive casino experiences from the comfort of their homes, while the adoption of cryptocurrencies has revolutionized payment methods in the sector. 

The rise of online crypto casino platforms, where players enjoy the anonymity, security, and speed that digital currencies provide. This technological leap has not only attracted a tech-savvy demographic but also those interested in the novelty and efficiency of crypto transactions.

Looking forward, the report highlights significant opportunities in emerging markets, particularly in Asia and Latin America, where internet usage is skyrocketing. Here, the growth potential is vast, as these regions catch up with digital trends. 

Moreover, ongoing advancements in AI and blockchain technology are poised to further personalize user experiences and ensure transaction transparency and security, respectively.

For businesses in the sector, the path forward involves not just keeping up with but anticipating technological trends. 

There’s a strong recommendation for enhancing data privacy measures to build trust among users, alongside innovative marketing strategies that leverage social media to tap into younger demographics. The ability to adapt to regulatory changes and cultural nuances will also be key to maintaining and expanding market share.

The challenges that could impact growth

While this projected growth is impressive, Research and Markets did identify some potential challenges. 

Cybersecurity remains a paramount concern, with online gambling platforms being prime targets for cybercriminals looking to exploit vulnerabilities for financial gain or to disrupt services. 

However, the growing adoption of cryptocurrency payments by online gambling sites will play an important role in reducing those security risks, since advanced cryptography is a central component of all blockchain-based cryptocurrency solutions. 

The post Online gambling market to hit $161B in 5 years, new data reveals appeared first on CoinJournal.

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Trump to make crypto a priority with executive order

  • President-elect Donald Trump could sign the executive order on January 20 when he’s sworn in
  • The order may also create a crypto advisory council
  • People familiar with the matter said the order isn’t final and could change before it’s made public

US President-elect Donald Trump is reportedly planning to sign an executive order designed to prioritize crypto as his inauguration day approaches.

Citing people familiar with the matter, the order enables industry insiders to work with agency regulators. It could also create a crypto advisory council, reports Bloomberg.

An earlier report from The Washington Post suggests Trump is expected to sign executive orders – on the first day of his presidency – focusing on crypto de-banking and the repeal of crypto accounting policies requiring banks holding digital assets to count them as liabilities.

Trump, who will be inaugurated on January 20, has enjoyed strong support from the crypto industry. During his campaign trail, he promised to make the US the “crypto capital” of the world, and was the recipient of a $2 million Bitcoin donation from Cameron and Tyler Winklevoss and a $1 million Ethereum donation from Jesse Powell, co-founder of Kraken.

Since winning the US election in November, the crypto market has rallied with Bitcoin hitting a new all-time high of over $108,000.

Trump has also selected several pro-crypto candidates within his incoming administration, including crypto czar David Sacks, Bo Hines as executive director of the Presidential Council of Advisers for Digital Assets, and Paul Atkins as the next US Securities and Exchange Commission (SEC) chair.

Earlier this week, Republican commissioners at the SEC indicated they were set to revise the agency’s crypto policies as Trump prepares to enter the White House next week.

Pushing American tech

Despite facing regulatory hurdles, the crypto market has also seen positive growth under President Joe Biden’s administration.

At the beginning of 2024, for instance, the SEC approved the first US spot exchange-traded funds (ETFs), which have since expanded the market. BlackRock’s IBIT Bitcoin ETF currently accounts for more than 559,000 Bitcoin, valued at $56.2 billion, according to iShares data.

However, with the new incoming administration, Trump is keen to push American technology companies to the front.

Speaking on this, Kara Calvert, vice-president for US policy at Coinbase Global, said: “What I think Donald Trump is going to do is signal that the United States is back and we are ready to lead in this industry. What it’s signalling to other countries is to be careful, or you won’t keep up.”

At the time of publishing, Bitcoin is back within the $100,000 territory, trading at around $102,000.

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