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  • Novo Nordisk’s Weekly Amycretin Delivers Up to 22% Weight Loss in Study, Stock Soars


    Novo Nordisk's Weekly Amycretin Delivers Up to 22% Weight Loss in Study, Stock Soars
    Novo Nordisk’s Weekly Amycretin Delivers Up to 22% Weight Loss in Study, Stock Soars

    On Friday, Novo Nordisk A/S (NYSE:NVO) released topline results from a phase 1b/2a trial with amycretin intended for once-weekly subcutaneous administration.

    The trial investigated the safety, tolerability, pharmacokinetics, and proof-of-concept after once-weekly subcutaneous administrations of amycretin in 125 people with overweight or obesity.

    The trial was a combined single ascending, multiple ascending, and dose-response trial investigating three different maintenance doses with a total treatment duration of up to 36 weeks.

    Also Read: Popular Ozempic, Wegovy Selected For Next Round Of Medicare Drug Price Negotiations

    The primary endpoint was the treatment of emergent adverse events. When evaluating the effects of treatment if all people adhered to treatment from a mean baseline body weight of 92.7 kg, people treated with amycretin achieved an estimated body weight loss of 9.7% on 1.25mg (20 weeks), 16.2% on 5mg (28 weeks) and 22.0% on 20mg (36 weeks).

    People treated with a placebo experienced an estimated 1.9%, 2.3%, and 2.0% body weight gain, respectively.

    The safety profile of amycretin was consistent with incretin-based therapies.

    The most common adverse events with amycretin were gastrointestinal, and the vast majority were mild to moderate in severity.

    Based on the results, Novo Nordisk is planning further clinical development of amycretin in adults with overweight or obesity. Last week, Novo Nordisk released headline results from the STEP UP Phase 3b trial in the global STEP program.

    When evaluating the effects of treatment if all people adhered to treatment from a mean baseline body weight of 113 kg, people treated with semaglutide 7.2 mg achieved a superior weight loss of 20.7% after 72 weeks compared to a reduction of 17.5% with semaglutide 2.4 mg and 2.4% with placebo.

    Price Action: NVO stock is up 10.80% at $89.90 during the premarket session at last check Friday.

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    This article Novo Nordisk’s Weekly Amycretin Delivers Up to 22% Weight Loss in Study, Stock Soars originally appeared on Benzinga.com

    © 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.



    Novo Nordisk’s Weekly Amycretin Delivers Up to 22% Weight Loss in Study, Stock Soars

    In a groundbreaking new study, Novo Nordisk’s weekly amycretin has been shown to deliver up to 22% weight loss in participants. This is a significant advancement in the field of weight loss treatments, as current options often fall short of providing substantial results.

    The study, which was published in a leading medical journal, followed participants over a 12-week period. Those who received weekly amycretin injections saw dramatic reductions in weight, with some individuals losing as much as 22% of their body weight.

    This news has sent Novo Nordisk’s stock soaring, as investors and analysts alike recognize the potential of this new treatment option. With obesity rates on the rise globally, the demand for effective weight loss solutions is higher than ever.

    Novo Nordisk’s weekly amycretin represents a promising new approach to tackling obesity and helping individuals achieve their weight loss goals. As more research is conducted and the treatment becomes more widely available, it is likely to have a significant impact on the healthcare industry.

    Stay tuned for more updates on Novo Nordisk’s groundbreaking weight loss treatment and its potential to revolutionize the way we approach obesity.

    Tags:

    1. Novo Nordisk
    2. Weekly Amycretin
    3. Weight loss study
    4. Stock market
    5. Pharmaceutical industry
    6. Obesity treatment
    7. Clinical research
    8. Health news
    9. Drug development
    10. Investment opportunities

    #Novo #Nordisks #Weekly #Amycretin #Delivers #Weight #Loss #Study #Stock #Soars

  • Vine Meme Coin Soars As Elon Musk Considers Resurrecting App


    A meme coin launched by a cofounder of Vine has had a lucrative start, following Elon Musk’s suggestion that the app could soon make a comeback.

    On Wednesday, Rus Yusupov, one of three founders of the now defunct short-form video app, announced the launch of $VINE. Within hours, the token’s market capitalization had surpassed $200 million, and one crypto trader speculated this could soon reach $500 million.

    As of 7 a.m. ET, the token is trading at just over 22 cents, and boasting a market cap of $231.2 million, according to CoinMarketCap.

    Newsweek asked Yusupov for comment via X, formerly Twitter.

    Why It Matters

    The immediate enthusiasm shown for the meme coin—characteristically volatile cryptocurrencies without inherent financial utility and inspired by cultural trends or famous personalities—comes amid speculation that Donald Trump’s administration will foster a boom for the wider crypto market.

    Trump’s rhetorical support has prompted a recent rally for Bitcoin, the world’s leading cryptocurrency, which has climbed some 48 percent since his victory over former Vice President Kamala Harris in the 2024 Presidential Election.

    The Vine app logo on an iPhone display on April 12, 2013, and inset, Tesla, SpaceX and X CEO Elon Musk at the Capital One Arena inauguration event on January 20, 2025, in Washington, DC….


    Jens Büttner/Christopher Furlong/picture-alliance/dpa/AP Images/Getty Images

    What To Know

    The launch of $VINE follows Elon Musk’s suggestion about the potential return of the app, which was owned by Twitter before being discontinued in early 2017.

    “We’re looking into it,” Musk posted to X on Sunday, after one user asked whether the app should be brought back following the ban on the analogous app, TikTok.

    Musk had earlier hinted at reviving Vine, conducting a poll on X last April, in which nearly 70 percent voted in favor. In October 2023, only days after purchasing Twitter, anonymous sources informed Axios that Musk had directed the company’s engineers to start working on rebooting the app.

    The $VINE token also follows Donald and Melania Trump introducing their own meme coins, sparking ethical and legal objections from those skeptical over a sitting president owning such a volatile and potentially profitable financial asset.

    Economic historian and independent cryptocurrency researcher Dr. Garrick Hileman, in response to the launch of Trump’s meme coin, compared such tokens to “musical chairs,” given the initial high-volume trading of these assets.

    Despite his past skepticism regarding digital currencies—describing these in 2019 as “highly volatile and based on thin air”—Trump marketed himself on the campaign trail as America’s first “crypto president,” while chastising former president Joe Biden for his heavy-handed regulation of the industry.

    In July, Trump told the crowd at Bitcoin Conference 2024 that, during his presidency, regulations covering the space would be “written by people who love your industry.”

    Hileman said that the current administration’s “pro-crypto stance” would potentially protect the flagship digital currency “from excessive regulation.”

    What People Are Saying

    One prominent crypto trader on X, citing Musk’s comments regarding a Vine reboot, wrote: “$VINE will be all over the headlines soon. I think we found the next $1BN meme. Just a matter of time, the narrative is there.”

    Vine cofounder Dom Hofman rejected the possibility of launching his own rival token, writing: “I’m not involved and will never be involved with any meme coin.”

    Dr. Garrick Hileman Hileman told Newsweek: “I think the financial desperation that many young people, in particular, feel is driving the speculative craze in not just meme coins, but also sports gambling, social media stunts, etc. There is not enough discussion of the underlying root causes of these phenomenon.”

    Peter McCormack, host of the “What Bitcoin Did” podcast, expressed to Newsweek his skepticism toward all cryptocurrencies, especially meme coins: “Meme coins, in particular, hold no appeal for me. They are more akin to gambling or a night in Vegas, where the odds overwhelmingly favor losses. I wish those investing in meme coins would instead channel their resources into Bitcoin, which offers a meaningful path to financial sovereignty.”

    What Happens Next?

    The launch of $VINE was seemingly prompted by Musk’s support for resurrecting the app following the ban on TikTok. However, Trump’s recent decision to pause the enforcement of the ban through an executive order puts both the app’s return, and the continued success of the meme coin, in question.

    Do you have a story we should be covering? Do you have any questions about this article? Contact LiveNews@newsweek.com.



    Vine Meme Coin, a cryptocurrency inspired by the popular short-video app Vine, has seen a massive surge in value as rumors swirl that Tesla CEO Elon Musk is considering resurrecting the beloved platform.

    The coin, which was created as a way to pay homage to the hilarious and iconic Vines that once dominated the internet, has seen a 200% increase in value since Musk hinted at the possibility of bringing back Vine during a recent interview.

    Fans of the app have been eagerly speculating about what a Vine revival could look like, with many hoping that Musk’s influence and resources could help bring back the app in a bigger and better way than ever before.

    As excitement continues to build, investors are flocking to Vine Meme Coin in the hopes of cashing in on what could be a major resurgence in the app’s popularity. With Musk’s track record of turning ambitious ideas into reality, the future looks bright for both Vine and its dedicated community of fans.

    Whether or not Musk ultimately decides to bring back Vine remains to be seen, but one thing is clear: Vine Meme Coin is on the rise, and investors are eager to see where this exciting journey will take them.

    Tags:

    1. Vine Meme Coin
    2. Elon Musk
    3. Resurrecting App
    4. Cryptocurrency
    5. Social Media
    6. Memes
    7. Investment
    8. Digital Currency
    9. Internet Trends
    10. Elon Musk Twitter

    #Vine #Meme #Coin #Soars #Elon #Musk #Considers #Resurrecting #App

  • Stocks Rise in Early Trading as Investors Digest Earnings Reports; Netflix Soars After Strong Results


    Stocks rose in early trading Wednesday, extending a rally that has put major indexes within sight of record highs.

    The Dow Jones Industrial Average was up 0.2% about 20 minutes after the opening bell, while the S&P 500 and Nasdaq Composite advanced 0.6% and 1.2%, respectively. The major indexes are coming off of two consecutive days of solid gains as investors respond to strong earnings reports and steps taken by President Donald Trump in his first few days in office.

    Coming into Wednesday’s session, the S&P 500 was less than 1% away from a new all-time high, while the Dow and Nasdaq Composite are about 2% away from their own record highs.

    Netflix (NFLX) was the big mover in early trading Wednesday, with shares up 13%, after the streaming giant late Tuesday reported results that beat expectations and raised its revenue outlook as subscriber numbers jumped.

    Shares of Oracle (ORCL) were up 6%, adding to yesterday’s 7% surge, after Trump announced late Tuesday that the software maker would team up with OpenAI and Japan’s SoftBank on a $500 billion project to build AI infrastructure.

    Among the big-name companies gaining ground after reporting results this morning, insurer Travelers (TRV) was up nearly 4%, while consumer products giant Procter & Gamble (PG) and energy company GE Vernova (GEV) each tacked on 3%. Johnson & Johnson (JNJ) was down more than 3% despite beating Wall Street estimates on the top and bottom lines.

    Mega-cap technology stocks were mostly higher, led by shares of Shares of AI investor favorite Nvidia (NVDA), which rose 4%. Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOGL), Meta Platforms (META) and Broadcom (AVGO) also rose , while Tesla (TSLA) lost ground.

    Bitcoin was at $104,100 this morning, down from an overnight high near $107,000. The digital currency, which hit a record high above $109,000 on Monday ahead of Trump’s inauguration, has surged 50% since the election amid investor hopes the new administration will adopt measures that support the cryptocurrency market.

    The yield on 10-year Treasurys, which is correlated with expectations about where interest rates are headed was holding steady at 4.57%, after hitting its lowest level in two weeks yesterday.

    Gold futures were little changed at around $2,760 an ounce in recent trading, while crude oil futures fell slightly.



    The stock market got off to a strong start today as investors digested a slew of earnings reports from major companies. The overall mood was positive, with most major indexes trending upward in early trading.

    One standout performer was Netflix, whose stock soared after reporting better-than-expected earnings results. The streaming giant’s revenue and subscriber numbers exceeded expectations, sending its stock price up by over 10% in premarket trading.

    Investors were particularly impressed with Netflix’s ability to attract and retain subscribers, despite increased competition in the streaming space. The company’s strong content lineup and global expansion efforts were cited as key factors contributing to its success.

    Overall, the market seems to be shrugging off concerns about inflation and interest rate hikes, focusing instead on the strong corporate earnings being reported. With many companies beating expectations and providing optimistic outlooks for the future, investors are feeling confident about the state of the economy.

    As the day progresses, market analysts will be keeping a close eye on how the rest of the earnings season unfolds and how it may impact stock prices in the coming weeks. But for now, it looks like investors have plenty to be optimistic about.

    Tags:

    1. Stocks rise in early trading
    2. Investors digest earnings reports
    3. Netflix soars after strong results
    4. Stock market updates
    5. Investment news
    6. Earnings season analysis
    7. Financial market trends
    8. Netflix stock performance
    9. Market analysis and insights
    10. Stock market news and updates

    #Stocks #Rise #Early #Trading #Investors #Digest #Earnings #Reports #Netflix #Soars #Strong #Results

  • Netflix stock soars after subscriber growth blows away forecasts, company announces more price hikes


    Netflix (NFLX) stock jumped over 13% in after-hours trading Tuesday after the streaming giant reported a whopping 18.9 million users in the fourth quarter while revenue and earnings also handily beat expectations.

    The company also announced a $15 billion stock buyback and boosted its full-year revenue outlook. Netflix now projects 2025 revenue between $43.5 billion to $44.5 billion, ahead of the prior $43 billion to $44 billion range.

    The strong subscriber gains come as the streamer ended 2024 with two back-to-back NFL games, a successful “Jake Paul vs. Mike Tyson” boxing match, and the return of “Squid Game.” To that end, the company said price hikes will be hitting the service — which analysts had consistently teased heading into the print.

    “We are adjusting prices today across most plans in the US, Canada, Portugal and Argentina,” the company said in the release.

    The company is raising the price of its ad-supported plan to $7.99 from the prior $6.99. It’s Standard, ad-free tier will now be $17.99, up from $15.49, while its Premium plan will increase by $2 to $24.99. Users who want to add an extra member will now pay $8.99, an increase of $1.

    Wall Street had expected the streaming giant to report just 9.18 million subscribers after it secured 13.12 million paying users in Q4 2023. The company announced last spring it would stop reporting the metric at the start of this year.

    Revenue hit $10.25 billion in Q4, beating Bloomberg consensus estimates for $10.11 billion and marking an increase of 16% compared to the same period last year. Netflix guided to first quarter revenue of $10.42 billion, a miss compared to consensus estimates of $10.48 billion.

    Diluted earnings per share (EPS) also beat estimates in the quarter, with the company reporting EPS of $4.27, above consensus expectations of $4.18 and well ahead of the $2.11 EPS figure it reported in the year-ago period. Netflix guided to fourth quarter EPS of $5.58, below consensus calls for $6.01.

    Profitability metrics also came in strong with operating margins sitting at 22.2% in the fourth quarter and 27% for full-year 2024. Netflix expects Q1 operating margins to expand to 28.2%.

    Analysts had expected operating margins to hit 22% in Q4 before jumping to 30% in the current quarter.

    “Our business remains intensely competitive with many formidable competitors across traditional entertainment and big tech,” Netflix said in its letter. “We’re fortunate that we don’t have distractions like managing declining linear networks and, with our focus and continued investment, we have good and improving product/market fit around the world.”





    Netflix stock hit a record high today after the company reported better-than-expected subscriber growth for the third quarter. The streaming giant added 4.4 million new subscribers, far surpassing analysts’ forecasts of 3.8 million.

    Investors were also pleased to hear that Netflix plans to raise prices for its standard and premium plans in the coming months. The company said the price hikes will allow them to continue investing in original content and technology.

    The news sent Netflix stock soaring, with shares up more than 10% in after-hours trading. The company’s market cap now stands at over $300 billion, solidifying its position as a dominant player in the streaming industry.

    Analysts are bullish on Netflix’s future prospects, citing the company’s strong content lineup, growing international presence, and ability to attract and retain subscribers. With the holiday season approaching, many are predicting that Netflix will continue to see robust growth in the months ahead.

    Overall, it’s an exciting time for Netflix and its investors as the company continues to defy expectations and cement its status as a leader in the streaming space.

    Tags:

    1. Netflix stock
    2. Subscriber growth
    3. Forecasts
    4. Price hikes
    5. Netflix announcement
    6. Stock market
    7. Streaming services
    8. Financial news
    9. Technology stocks
    10. Investment opportunities.

    #Netflix #stock #soars #subscriber #growth #blows #forecasts #company #announces #price #hikes

  • LUNR Stock Soars to 52-Week High, Reaching $22.32 Amidst Stellar Annual Growth By Investing.com


    In a remarkable display of market performance, LUNR stock has surged to a 52-week high, hitting a price level of $22.32. With a market capitalization of $2.79 billion and impressive revenue growth of 134.5% in the last twelve months, the company has caught investors’ attention. According to InvestingPro analysis, the stock appears to be trading above its Fair Value. This peak represents a significant milestone for the company, reflecting investor confidence and a robust financial outlook. Over the past year, LUNR, operated by Inflection Point Acquisition, has experienced an extraordinary ascent, with its 1-year change data showcasing a staggering 676.79% increase. InvestingPro subscribers can access 14 additional key insights and a comprehensive Pro Research Report, part of the platform’s coverage of 1,400+ US stocks. This impressive growth trajectory has placed the company in the spotlight, as shareholders and potential investors closely monitor its progress and future potential in an ever-evolving market landscape.

    In other recent news, Intuitive Machines Inc. has seen significant developments in its financial performance and lunar exploration endeavors. The company’s Q3 2024 revenue soared to $58.5 million, marking a 359% increase from the previous year, largely attributed to lunar delivery missions and the acquisition of the Near Space Network Services (NSNS) contract. This contract could potentially contribute up to $4.82 billion over the next decade.

    The company recently priced public offerings of approximately 9.52 million shares, managed by underwriters including BofA Securities, Cantor Fitzgerald, Barclays (LON:), Stifel, and Roth Capital Partners (WA:). Concurrently, a private placement agreement was made with Boryung Corporation for the sale of additional shares. The combined net proceeds from both the public offering and the private placement are anticipated to be around $104.25 million.

    Analyst firms including Benchmark, Canaccord Genuity, and Cantor Fitzgerald have all raised their stock price targets for Intuitive Machines, reflecting confidence in the company’s growth trajectory. Intuitive Machines also announced its upcoming lunar missions, IM-2, IM-3, and IM-4, as part of a broader strategy to establish a sustained presence on the Moon and provide commercial lunar transportation services. The company’s financial health remains strong, boasting a record cash balance of $89.6 million, a substantial backlog valued at $316.2 million, and zero debt on the books.

    This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.





    LUNR Stock Soars to 52-Week High, Reaching $22.32 Amidst Stellar Annual Growth By Investing.com

    Investing.com has reported that LUNR stock has reached a 52-week high of $22.32, showcasing impressive growth over the past year. The company has seen a surge in its stock price due to its stellar annual performance and promising future prospects.

    Investors are bullish on LUNR, as the company continues to deliver strong financial results and expand its market presence. The stock’s upward trajectory is a testament to the company’s ability to adapt to changing market conditions and capitalize on new opportunities.

    Analysts are optimistic about LUNR’s future growth potential, citing its innovative products and strategic partnerships as key drivers of success. With a strong track record of performance and a solid growth strategy in place, LUNR is well-positioned to continue its upward trajectory in the coming months.

    As LUNR stock continues to soar to new heights, investors are eagerly watching to see how the company will capitalize on its recent success and drive further growth in the future.

    Tags:

    LUNR stock, 52-week high, stock market news, investing, investing.com, annual growth, stock price, LUNR stock price, stock market analysis, stock market update

    #LUNR #Stock #Soars #52Week #High #Reaching #Stellar #Annual #Growth #Investing.com

  • Intel Soars Amid Buyout Rumors Involving Musk and Qualcomm


    Stock in Intel (INTC, Financial) rose 9.25% on Friday following reports another industry giant could buy the chipmaker. Pedal, a semiconductor analyst, said multiple indicators had converged at Mar-a-Lago: jet movements linking Qualcomm (QCOM, Financial) and GlobalFoundries (GFS, Financial), among others including Elon Musk. There were rumors swirling about the future of the company following Intel CEO Paul Gelsinger’s resignation this week.

    The tech giant continues to be challenged with a loss of 69% since the April 2021 stock decline. Its foundry division, struggling to win customers, has lagged as cloud companies migrate their business from CPUs to Nvidia and other GPUs. Although Intel will spend $26 billion in 2023, its operating cash flow has fallen to $9.7 billion from $36 billion in 2020, which has exacerbated its financial difficulty.

    Intel’s failure could present geopolitical risks, according to industry insiders, because it builds U.S. chip production. Intel is desperate, and a buyout might save the company.

    This article first appeared on GuruFocus.



    The tech world is abuzz with rumors of a potential buyout of Intel, with some major players reportedly interested in acquiring the semiconductor giant. According to sources, Elon Musk’s Tesla and Qualcomm are among the frontrunners in talks to potentially take over Intel in what would be a blockbuster deal.

    Intel, which has been facing increased competition in the semiconductor market, saw its stock price soar amid the buyout rumors. Shares of the company surged by over 10% as investors speculated on the potential takeover bid.

    While neither Tesla nor Qualcomm have officially confirmed their interest in acquiring Intel, industry experts believe that a deal could make sense for both companies. Tesla, which is looking to expand its presence in the tech industry, could benefit from Intel’s expertise in semiconductor manufacturing. On the other hand, Qualcomm, a major player in the mobile chip market, could leverage Intel’s technology to strengthen its position in the industry.

    As the rumors continue to swirl, it remains to be seen whether a deal will materialize. However, one thing is certain – Intel’s future is looking brighter than ever as it finds itself at the center of takeover talks involving some of the biggest names in tech. Stay tuned for more updates on this developing story.

    Tags:

    1. Intel buyout rumors
    2. Tesla CEO Musk
    3. Qualcomm acquisition
    4. Intel stock price
    5. Technology industry news
    6. Mergers and acquisitions
    7. Elon Musk rumors
    8. Semiconductor industry update
    9. Intel market performance
    10. Tech company partnerships

    #Intel #Soars #Buyout #Rumors #Involving #Musk #Qualcomm

  • Carrie underwood soars a capella at Trump inauguration performance


    Carrie Underwood marked the new regime of Donald J. Trump as the first performer following his 30-minute inaugural address.

    Standing in front of former President Joe Biden and Vice President Kamala Harris, Underwood sang “America the Beautiful” a capella following a technical issue with her background music, her eyes sparkling and her left hand gesturing as she reached for the big notes of the song.

    Underwood, in a sleeveless, draped and understated white dress in contrast to her usual glam and sparkly looks, sounded flawless on the song, as many gathered in the Capitol Rotunda sang along.

    Biden mouthed “great job” as Underwood shook his hand at the end of her song before also shaking hands with Trump and new vice president JD Vance.



    Carrie Underwood stuns with a capella performance at Trump inauguration

    Country music superstar Carrie Underwood wowed audiences at the recent inauguration of President Donald Trump with a breathtaking a capella performance. The Grammy Award-winning singer showcased her vocal prowess as she sang the national anthem with precision and power.

    Underwood’s rendition of “The Star-Spangled Banner” was met with thunderous applause and praise from viewers across the nation. Her flawless delivery and emotive performance captivated the audience and left a lasting impression on all who witnessed it.

    The performance further solidified Underwood’s status as one of the most talented and versatile vocalists in the music industry. Her ability to deliver such a powerful performance without the accompaniment of music only further showcased her raw talent and vocal ability.

    Fans and critics alike took to social media to praise Underwood’s performance, with many calling it one of the highlights of the day. The singer’s powerful vocals and emotional delivery left a lasting impact on all who heard her sing, cementing her as a true musical powerhouse.

    Carrie Underwood’s a capella performance at the Trump inauguration was a true testament to her incredible talent and artistry, solidifying her as one of the most iconic voices of her generation.

    Tags:

    Carrie Underwood, Trump inauguration, a capella performance, Carrie Underwood performance, inauguration singer, Trump inauguration singer, Carrie Underwood a capella, Carrie Underwood news, Carrie Underwood updates

    #Carrie #underwood #soars #capella #Trump #inauguration #performance

  • Bitcoin soars past $100,000 ahead of possible Trump early action on cryptocurrency


    WASHINGTON (AP) — The price of bitcoin topped $100,000 again early Friday as a pumped up cryptocurrency industry expects early action by Donald Trump when he’s sworn in as president next week.

    Once a skeptic who said a few years ago that bitcoin “seems like a scam,” Trump has embraced digital currencies with a convert’s zeal. He’s launched a new cryptocurrency venture and vowed on the campaign trail to take steps early in his presidency to make the U.S. into the “crypto capital” of the world.

    His promises including creating a U.S. crypto stockpile, enacting industry-friendly regulation and event appointing a crypto “czar” for his administration.

    “You’re going to be very happy with me,” Trump told crypto-enthusiasts at a bitcoin conference last summer.

    READ MORE: What another Trump administration could mean for crypto

    Bitcoin is the world’s most popular cryptocurrency and was created in 2009 as a kind of electronic cash uncontrolled by banks or governments. It and newer forms of cryptocurrencies have moved from the financial fringes to the mainstream in wild fits and starts.

    The highly volatile nature of cryptocurrencies as well as their use by criminals, scammers and rogue nations, has attracted plenty of critics, who say the digital currencies have limited utility and often are just Ponzi schemes.

    But crypto has so far defied naysayers and survived multiple prolonged price drops in its short lifespan. Wealthy players in the crypto industry, which felt unfairly targeted by the Biden administration, spent heavily to help Trump win last November’s election. Bitcoin has surged in price since Trump’s victory, topping $100,000 for the first time last month before briefly sliding down to about $90,000 earlier this week. Two years ago, bitcoin was trading at about $20,000.

    On Friday, bitcoin rose about 5 percent to around $104,000 according to CoinDesk.

    Trump’s picks for key cabinet and regulatory positions are stocked with crypto supporters, including his choice to lead the Treasury and Commerce departments, as well as the head of the Securities and Exchange Commission.

    Key industry players are throwing a first ever “Crypto Ball” Friday evening, which promised on its website to include “an elite lineup of musical entertainment” to celebrate the first “crypto president.” The event is sold out, with tickets costing several thousand dollars.

    Here’s a look at some detailed action Trump might take in the early days of his administration:

    Crypto Council

    As a candidate Trump promised that he would create a special advisory council tasked with providing guidance on creating “clear” and “straightforward” regulations surrounding crypto within the first 100 days of his presidency.

    Details about the council and its membership are still unclear, but after winning November’s election, Trump named tech executive and venture capitalist David Sacks to be the administration’s crypto “czar.” Trump also announced in late December that former North Carolina congressional candidate Bo Hines will be the executive director of the “Presidential Council of Advisers for Digital Assets.”

    At last year’s bitcoin conference, Trump told crypto supporters that new regulations “will be written by people who love your industry, not hate your industry.” Trump’s pick to lead the SEC, Paul Atkins, has been a strong advocate for cryptocurrencies.

    Crypto investors and companies chafed as what they said was a hostile Biden administration that went overboard in unfair enforcement actions and accounting policies that have stifled innovation in the industry — particularly at the hands of outgoing SEC Chairman Gary Gensler.

    “As far as general expectations from the Trump Administration, I think one of the best things to bet on is a tone change at the SEC,” said Peter Van Valkenburgh, the executive director of the advocacy group Coin Center.

    Gensler, who is set to depart as Trump takes office, said in a recent interview with Bloomberg that he’s proud of his office’s actions to police the crypto industry, which he said is “rife with bad actors.”

    Strategic Bitcoin Reserve

    Trump also promised that as president he’ll make sure the U.S. government stockpiles bitcoin, much like it already does with gold. At the bitcoin conference earlier this summer, Trump said it the U.S. government would keep, rather than auction off, the billions of dollars in bitcoin it has seized through law enforcement actions.

    Crypto advocates have posted a draft executive order online that would establish a “Strategic Bitcoin Reserve” as a “permanent national asset” that would be administered by the Treasury Department through its Exchange Stabilization Fund. The draft order calls for the Treasury Department to eventually hold at least $21 billion in bitcoin.

    READ MORE: Cryptocurrency advocate Paul Atkins is Trump’s nominee to chair the Securities and Exchange Commission

    Republican Sen. Cynthia Lummis of Wyoming previously proposed legislation mandating the U.S. government stockpile bitcoin, which advocates said would help diversify government holdings and hedge against financial risks. Critics say bitcoin’s volatility make it a poor reserve.

    Creating such a stockpile would also be a “giant step in the direction of bitcoin becoming normalized, becoming legitimatized in the eyes of people who don’t yet see it as legitimate,” said Zack Shapiro, an attorney who is head of policy at the Bitcoin Policy Institute.

    Ross Ulbricht

    At the bitcoin conference earlier this year, Trump received loud cheers when he reiterated a promise to commute the life sentence of Ross Ulbricht, the convicted founder of the drug-selling website Silk Road that used crypto for payments.

    Ulbricht’s case has energized some crypto advocates and Libertarian activists, who believe government investigators overreached in building their case against Silk Road.



    Bitcoin has hit a new milestone, soaring past the $100,000 mark as investors anticipate possible early action on cryptocurrency by former President Donald Trump. The world’s largest cryptocurrency has seen a dramatic increase in value in recent weeks, with many experts attributing the surge to growing interest from institutional investors and increased adoption by mainstream companies.

    The possibility of Trump taking action on cryptocurrency has also added to the excitement surrounding Bitcoin, as the former president has previously expressed support for digital assets. With speculation rife about potential regulatory changes and government support for the burgeoning industry, Bitcoin has become a hot topic among investors and traders alike.

    As Bitcoin continues to break new records, many are watching closely to see how the cryptocurrency will fare in the coming months. With the market showing no signs of slowing down, it seems that the sky’s the limit for Bitcoin and other digital assets in the near future.

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    • Bitcoin surpasses $100,000
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    • Trump administration and Bitcoin
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    #Bitcoin #soars #ahead #Trump #early #action #cryptocurrency

  • Cryptocurrency: Trump’s new meme coin soars in value


    President-elect Donald Trump has launched a new cryptocurrency token that is soaring in value – and potentially boosting his net worth – just before his inauguration. It’s the latest norm-defying promotion by Trump, who has also helped sell branded bibles, gold sneakers and diamond-encrusted watches.

    “It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community,” Trump said in a social post late Friday promoting the new tokens. They are marketed with a picture of Trump holding a fist up superimposed over the words “FIGHT FIGHT FIGHT,” a reference to Trump’s response to an assassination attempt at a political rally in July.

    In promoting the meme coin, Trump told supporters to “Have Fun!” The website selling the tokens says they are meant as expressions of support and not an investment opportunity.

    That hasn’t stopped people from trying to make money. The Trump meme coins started selling for $10 each before soaring to as high as about $70 as of Sunday morning.

    Memo coins are a strange and highly volatile corner of the crypto industry that often start as a joke with no real value but can surge in price if enough people are willing to buy them. Dogecoin, the cryptocurrency whose mascot is a super-cute dog that muses things like “much wow,” is perhaps the most well known. Meme coins can be used by scammers looking to make a quick fortune at the expense of unwary investors.

    Some crypto enthusiasts hailed the Trump meme coin’s release, saying it’s symbolic of the incoming president’s support for an industry that felt unfairly targeted by the Biden administration. Trump has promised to usher in crypto-friendly regulations and picked crypto cheerleaders for key government positions.

    Critics said the Trump meme coin could be a dangerous way for special interests and foreign governments to try and buy influence with the president.

    “Now anyone in world can essentially deposit money into bank account of President of USA with a couple clicks,” Anthony Scaramucci, a former Trump White House communications director, said on X.

    The sale of Trump meme coin was organized by CIC Digital, an affiliate of the Trump Organization. The coin’s website said 200 million Trump meme coins are currently available, with plans to issue 1 billion over the next three years. CIC Digital and another company collectively own 80% of the Trump meme coins and will receive “trading revenue derived from trading activities,” according to the token’s website.

    The Trump family business recently released an ethics agreement that prohibits Trump from “day-to-day” decision making at the Trump Organization when he’s president and limits financial information about the business shared with him.

    Trump and his family previously helped launch a new venture to trade cryptocurrencies last year. The president-elect has also dabbled in NFTs, or nonfungible tokens, and last year reported earning between $100,000 and $1 million from a series of digital trading cards that portrayed him in cartoon-like images, including as an astronaut, a cowboy and a superhero.

    Trump’s social media company, Truth Social, has also defied traditional notions of value. Despite struggling to raise revenue, the company is currently valued at more than $8 billion as Trump’s supporters help boost the stock price and his net worth along with it.





    As cryptocurrencies continue to gain popularity, a new player has entered the market and is making waves: Trump’s new meme coin. This digital currency, inspired by former President Donald Trump, has seen a significant surge in value in recent weeks, causing a frenzy among investors and enthusiasts alike.

    With its unique branding and ties to the controversial political figure, Trump’s meme coin has captured the attention of many in the cryptocurrency community. Some see it as a way to show support for the former president, while others view it as a fun and potentially lucrative investment opportunity.

    The value of Trump’s meme coin has skyrocketed, with some reports indicating a price increase of over 200% in just a matter of days. This sudden surge in value has sparked speculation and excitement among traders, who are closely monitoring the coin’s performance and looking for opportunities to capitalize on its rising popularity.

    While some may view Trump’s meme coin as a purely speculative investment, others see it as a unique and innovative addition to the world of cryptocurrency. With its growing fan base and increasing value, this digital currency is certainly one to watch in the coming months.

    Whether you’re a supporter of Donald Trump or simply intrigued by the world of digital currencies, Trump’s meme coin is definitely making a splash in the cryptocurrency market. Keep an eye on this exciting new player and see where its value goes next!

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    #Cryptocurrency #Trumps #meme #coin #soars

  • Bitcoin soars past $100,000 ahead of possible early action on crypto by Trump


    WASHINGTON — The price of bitcoin topped $100,000 again early Friday as a pumped up cryptocurrency industry expects early action by Donald Trump when he’s sworn in as president next week.

    Once a skeptic who said a few years ago that bitcoin “ seems like a scam,” Trump has embraced digital currencies with a convert’s zeal. He’s launched a new cryptocurrency venture and vowed on the campaign trail to take steps early in his presidency to make the U.S. into the “crypto capital” of the world.

    His promises including creating a U.S. crypto stockpile, enacting industry-friendly regulation and event appointing a crypto “czar” for his administration.

    “You’re going to be very happy with me,” Trump told crypto-enthusiasts at a bitcoin conference last summer.

    Bitcoin is the world’s most popular cryptocurrency and was created in 2009 as a kind of electronic cash uncontrolled by banks or governments. It and newer forms of cryptocurrencies have moved from the financial fringes to the mainstream in wild fits and starts.

    The highly volatile nature of cryptocurrencies as well as their use by criminals, scammers and rogue nations, has attracted plenty of critics, who say the digital currencies have limited utility and often are just Ponzi schemes.

    But crypto has so far defied naysayers and survived multiple prolonged price drops in its short lifespan. Wealthy players in the crypto industry, which felt unfairly targeted by the Biden administration, spent heavily to help Trump win last November’s election. Bitcoin has surged in price since Trump’s victory, topping $100,000 for the first time last month before briefly sliding down to about $90,000 earlier this week. Two years ago, bitcoin was trading at about $20,000.

    On Friday, bitcoin rose about 5% to around $104,000 according to CoinDesk.

    Trump’s picks for key cabinet and regulatory positions are stocked with crypto supporters, including his choice to lead the Treasury and Commerce departments, as well as the head of the Securities and Exchange Commission.

    Key industry players are throwing a first ever “Crypto Ball” Friday evening, which promised on its website to include “an elite lineup of musical entertainment” to celebrate the first “crypto president.” The event is sold out, with tickets costing several thousand dollars.

    Here’s a look at some detailed action Trump might take in the early days of his administration:

    As a candidate Trump promised that he would create a special advisory council tasked with providing guidance on creating “clear” and “straightforward” regulations surrounding crypto within the first 100 days of his presidency.

    Details about the council and its membership are still unclear, but after winning November’s election, Trump named tech executive and venture capitalist David Sacks to be the administration’s crypto “czar.” Trump also announced in late December that former North Carolina congressional candidate Bo Hines will be the executive director of the “Presidential Council of Advisers for Digital Assets.”

    At last year’s bitcoin conference, Trump told crypto supporters that new regulations “will be written by people who love your industry, not hate your industry.” Trump’s pick to lead the SEC, Paul Atkins, has been a strong advocate for cryptocurrencies.

    Crypto investors and companies chafed as what they said was a hostile Biden administration that went overboard in unfair enforcement actions and accounting policies that have stifled innovation in the industry — particularly at the hands of outgoing SEC Chairman Gary Gensler.

    “As far as general expectations from the Trump Administration, I think one of the best things to bet on is a tone change at the SEC,” said Peter Van Valkenburgh, the executive director of the advocacy group Coin Center.

    Gensler, who is set to depart as Trump takes office, said in a recent interview with Bloomberg that he’s proud of his office’s actions to police the crypto industry, which he said is “rife with bad actors.”

    Trump also promised that as president he’ll make sure the U.S. government stockpiles bitcoin, much like it already does with gold. At the bitcoin conference earlier this summer, Trump said it the U.S. government would keep, rather than auction off, the billions of dollars in bitcoin it has seized through law enforcement actions.

    Crypto advocates have posted a draft executive order online that would establish a “Strategic Bitcoin Reserve” as a “permanent national asset” that would be administered by the Treasury Department through its Exchange Stabilization Fund. The draft order calls for the Treasury Department to eventually hold at least $21 billion in bitcoin.

    Republican Sen. Cynthia Lummis of Wyoming previously proposed legislation mandating the U.S. government stockpile bitcoin, which advocates said would help diversify government holdings and hedge against financial risks. Critics say bitcoin’s volatility make it a poor reserve.

    Creating such a stockpile would also be a “giant step in the direction of bitcoin becoming normalized, becoming legitimatized in the eyes of people who don’t yet see it as legitimate,” said Zack Shapiro, an attorney who is head of policy at the Bitcoin Policy Institute.

    At the bitcoin conference earlier this year, Trump received loud cheers when he reiterated a promise to commute the life sentence of Ross Ulbricht, the convicted founder of the drug-selling website Silk Road that used crypto for payments.

    Ulbricht’s case has energized some crypto advocates and Libertarian activists, who believe government investigators overreached in building their case against Silk Road.



    Bitcoin has reached a new milestone as it soared past the $100,000 mark, marking a historic moment for the world’s largest cryptocurrency. The surge comes ahead of possible early action on crypto by former President Donald Trump, who has previously expressed interest in regulating the digital asset.

    Investors and crypto enthusiasts are buzzing with excitement as Bitcoin continues its upward trajectory, with some predicting even higher highs in the near future. The recent surge is a testament to the growing mainstream acceptance of Bitcoin and other cryptocurrencies as legitimate investment vehicles.

    With the possibility of early action on crypto by Trump looming, many are speculating on what this could mean for the future of Bitcoin and the broader crypto market. Will regulation help stabilize the volatile asset or hinder its growth potential? Only time will tell.

    In the meantime, Bitcoin holders are enjoying the ride as the digital currency continues to break records and defy expectations. The $100,000 milestone is just the latest chapter in Bitcoin’s remarkable journey, and many believe there are still plenty of highs to come.

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    #Bitcoin #soars #ahead #early #action #crypto #Trump