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'MAGA' meme coin surges 78% after Trump's crypto endorsement

MAGA, a meme coin themed after former US President Donald Trump, surged 78% on Monday (local time) after the Republican presidential candidate made cryptocurrency-related comments. On August 8, Trump answered “yes” to a question at a dinner he hosted in Florida when asked if his campaign could accept cryptocurrency donations. He also claimed that the current US administration is against the crypto industry and emphasized to attendees that he is pro-crypto.

Following Trump's comments, MAGA's 24-hour trading volume surged 620% to $281.8 million, according to blockchain news outlet Cointelegraph, and its market capitalization of $281.8 million is ranked 248th on CoinGecko. Other political tokens also surged on the 9th, with TREMP tripling its gains with a 136% surge in 24 hours. The Independence Token (RFKJ), a token dedicated to supporting Robert F. Kennedy Jr.'s presidential journey, gained 24.4%.

Joe Biden (BODEN), a meme coin that refers to the misspelling of U.S. President Joe Biden's name, rebounded as much as 22% after Trump's comments.

Binance WBTC plunges to $5200, then recovers

Cointelegraph reports, “A flash crash in the price of WBTC occurred on Binance on Nov. 23 (local time). This caused WBTC to briefly drop from $98,000 to $5,200, but has since recovered. The cause of the error is still unknown.

blockchain crypto cryptocurrency Trump nominates Crypto Proponent Secretary (SpotedCrypto)

Trump nominates 'Crypto Proponent' Howard Lutnick as Commerce Secretary, while US SEC chairman struggles to narrow down candidates to four.

US President-elect Donald Trump has nominated US investment bank Cantor Fitzgerald CEO Howard Lutnick to serve as Secretary of Commerce, according to the Wall Street Journal (WSJ). Lutnick is an avid supporter of Bitcoin and Tether (USDT), with Cantor Fitzgerald reportedly serving as Tether's U.S. Treasury bond

blockchain crypto cryptocurrency IBIT Option hit 1.9B first day od trading (SpotedCrypto)

BlackRock IBIT Options Hit $1.9 Billion in First Day of Trading, Grayscale Begins Trading on November 20th.

Bloomberg ETFs analyst James Seyffart reports via X that “Options volume on BlackRock's bitcoin spot ETF IBIT, which began trading today (Nov. 19), was about $1.9 billion. A total of 35.4 million contracts were active, of which 28.9 million were calls (82%) and 65,000

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