Stay ahead of the curve with News You May Have Missed This Week! In this Jan. 25, 2025, edition, we’re bringing you the top stories that flew under the radar. Catch up in minutes and stay informed with the stories that matter most.
Donald Trump’s meme coin, TRUMP, experienced a tumultuous Tuesday, with its value plunging 16% following the President’s attempt to downplay his involvement in the $8 billion project.
“I don’t know much about it other than I launched it,” Trump said at a tech executive meeting, Decrypt has reported.
The TRUMP token’s volatility comes on the heels of Melania Trump’s launch of a competing token, which triggered a 50% collapse in TRUMP’s value earlier this week. Analysts warn these presidential meme coins could hinder bipartisan crypto legislation as investigations into insider trading allegations intensify. Nevertheless, major platforms like Coinbase and Robinhood continue to support the tokens, with TRUMP maintaining a market cap of $8.7 billion.
CZ returns to Binance Labs, which rebranded to YZI Labs
Binance Labs, the $15 billion investment arm of Binance, has officially rebranded as YZi Labs, signaling a fresh chapter in its operations. Alongside this transformation, former Binance CEO Changpeng Zhao (CZ) has stepped back into an active role, focusing on investments and mentoring company leaders. Ella Zhang will continue leading the firm as it expands its vision.
YZi Labs is set to prioritize investments in web3, artificial intelligence, and biotechnology. The company emphasizes its independence from the Binance exchange and its commitment to supporting long-term projects regardless of market cycles. Its current incubation program will remain in place.
Trump Family’s crypto project “World Liberty” makes $35 million in bold moves
The Trump family’s crypto initiative, World Liberty, executed significant transactio ns on January 25, according to blockchain monitoring platform Arkham. Between 5:47 and 6:11 AM (UTC+8), the project purchased 3,001 ETH and 95 WBTC via Cow Protocol, spending $20 million in the process.
In addition, World Liberty staked 4,700 ETH—valued at $15.64 million—through Lido Finance, bringing its total holdings to 19,403 stETH worth $64.45 million.
Vitalik Buterin outlines Ethereum’s scaling strategy for 2025 and beyond
Ethereum co-founder Vitalik Buterin has unveiled his vision for scaling the blockchain in 2025, emphasizing the importance of Layer 2 (L2) solutions to enhance transaction capacity and reduce costs.
- Buterin highlighted that L2 protocols are scaling Ethereum’s capacity by 17 times, securing billions of dollars in value while reducing fees significantly.
- Upcoming upgrades, such as EIP-4844 and PeerDAS, aim to increase Ethereum’s throughput to 100,000 transactions per second, addressing growing demand for decentralized applications and Web3 innovation.
Buterin also tackled challenges facing Ethereum’s growth, including the need for better L2 interoperability and improved security standards. He called for greater collaboration across the ecosystem to implement unified standards for cross-chain communication and faster transaction finality.
Finally, Buterin has taken a more active leadership in the Ethereum Foundation:
Half of TRUMP and MELANIA token holders are first-time Solana investors: Chainalysis
Blockchain analytics firm Chainalysis reports that 50% of TRUMP and MELANIA memecoin holders had never previously invested in Solana-based altcoins before these controversial launches.
- Furthermore, nearly half of these buyers created their wallets on the same day they purchased the tokens, highlighting a surge of new retail participants.
- While 80% of TRUMP holders own less than $1,000 in assets, a few whales dominate the market, with some wallets realizing over $10 million in profits.
The TRUMP token reached a fully diluted valuation of $75 billion during its peak, briefly surpassing DOGE, before a subsequent crash triggered by the launch of Melania Trump’s rival memecoin. MELANIA peaked at a $13 billion valuation but has since plummeted alongside TRUMP.
This article is published on BitPinas: Crypto News You May Have Missed This Week | Jan. 25, 2025
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