By Kapil Rajyaguru
Following Trump’s Inauguration, Polymarket Predicts 64% Chance of Bitcoin Reserve.
Polymarket bettors now estimate a 64% chance that the U.S. will create a national bitcoin reserve by 2025, following Donald Trump’s inauguration. Senator Cynthia Lummis’s BITCOIN Act supports the concept, suggesting the accumulation of one million bitcoins over a five-year period.
Proponents argue this move could diversify assets, hedge against inflation, and strengthen the U.S. dollar. Confidence in the initiative has grown, with Polymarket’s odds rising from under 50% to 64%, reflecting support for Trump’s pro-crypto policies.
Mark Cuban Announces Trump-Inspired Meme Coin To Pay Down US Debt.
Billionaire entrepreneur Mark Cuban has announced plans to launch a meme coin inspired by the $TRUMP token.
The project comes with a unique twist: all revenue from the coin’s sales will be sent directly to the US Treasury to help reduce the national debt. The billionaire entrepreneur outlined his proposal on X, committing to a 20% float and a release schedule matching the $TRUMP coin.
Cuban promised transparency in the project, including publishing the Treasury’s wallet address for public tracking.
Donald Trump’s NFT Collection Surge Back to Life, Trading Volume Tops $65mn.
The incoming U.S. President Donald Trump launched the Trump Digital Trading Cards, an NFT collection that has exceeded a total trading volume of $65 million.
This surge in sales and volume comes ahead of Trump’s inauguration on Jan. 20. However, apart from that, the weekend frenzy that saw TRUMP launch a meme coin and his promises to the crypto sector seem to have influenced the rise.
Rumble Embarks On $20mn Strategy with First Bitcoin Purchase.
In a latest development, Rumble CEO Chris Pavlovski on January 20 disclosed that the firm had made its first Bitcoin purchase on January 17, in line with its $20 million treasury strategy.
He suggested that this would be the first of many, though the exact amount purchased remains undisclosed at the time of writing. With the recently disclosed purchase, Rumble joins other public companies, like MicroStrategy, Semler Scientific, Marathon Digital, and Metaplanet, which are all actively pursuing a Bitcoin treasury strategy.
This strategy has often sparked greater interest in the stocks of these companies, with investors viewing them as potential proxies for Bitcoin exposure.
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