BTC experiencing downward insertion phenomenon, custom indicators remind you to pay attention to market trends

As the official memecoin of the second Donald Trump presidency flirts with a market cap of $10 billion, and Melania Trump, the next first lady, launches her own, Balaji Srinivasan, the former CTO of Coinbase, said in a thread on X that this whole category of tokens could be equated to gambling.A memecoin is a zero-sum* lottery.There is no wealth creation. Every buy order is simply matched by a sell order. And after an initial spike, the price eventually crashes and the last buyers lose everything.* It’s actually negative sum if the platform takes a cut.January 19, 2025“There is no wealth creation. Every buy order is simply matched by a sell order. And after an initial spike, the price eventually crashes and the last buyers lose everything,” he posted, calling memecoins a zero-sum – even negative sum after exchange fees – lottery.Balaji said that memecoins should be approached in the same way as gambling in Las Vegas for entertainment purposes.“Most should buy assets that retain their value over the long run,” he continued. “It is sometimes possible to add use cases to a memecoin, or to keep it in the headlines to keep its value aloft indefinitely. And we’ve seen examples of that as well.”In response to the post, many asked Balaji if bitcoin was ever considered a memecoin, to which he argued that it wasn’t because of its use cases and decade-plus staying power.You are free to consider any asset a memecoin, and I’m not offended by that, but I’m happy to explain why I think Bitcoin is different.1) Bitcoin is the base layer asset of a blockchain with ~800 Th/s in hashrate across hundreds of datacenters worldwide.2) It hasn’t been… https://t.co/tazGAzGnjn pic.twitter.com/58AZxtsy9aJanuary 19, 2025“Bitcoin is the base layer asset of a blockchain with ~800 Th/s in hashrate across hundreds of datacenters worldwide,” he wrote. “It grew gradually over time, rather than all at once, and the mining issuance schedule limits how much can be sold by any one party.”Market interest in the official Trump memecoin has sucked liquidity out of other memecoins, with CoinGecko data reporting that the category has shrunk by 8% in the last 24 hours. Many of the top memecoins like DOGE, SHIB, and BONK are down by over 10% on-day.Bitcoin retraces to $100K, TRUMP Tanks 30% as Melania Memecoin Skyrockets

Odaily Planet Daily News: DogeDesigner shared a video on X showing Elon Musk, Shivon Zilis, and Jeff Bezos attending a candlelight dinner hosted by President Trump.

BlockBeats News: On January 20th, according to official sources, Litentry announced a brand upgrade, renaming its token from LIT to HEI and its project to Heima, reflecting its strategic transformation from a decentralized identity to a cross chain abstraction layer. The renaming has been approved by the community through a referendum of 38. The new token HEI will be fully unlocked within 20 months, and its circulation will increase from 66.45 million to 100 million. Among them, 22.1 million ecosystem wallets were allocated, 2.2 million for foundations, 5 million for liquidity pools to be unlocked instantly, and 4.25 million for team shares to maintain the original release plan. LIT tokens will be migrated to the new ERC-20 and BEP-20 contracts in a 1:1 ratio.

According to BlockBeats, on January 20th, Justin Sun announced on his social media platform that TRON DAO will continue to increase its investment in World Liberty Financial, with an additional investment of $45 million, bringing the total investment to $75 million.

BlockBeats News: On January 20th, Forbes published a column commenting on Trump's issuance of meme coins. Forbes stated that Trump's issuance of meme coins may trigger a constitutional crisis. The report states that although the newly nominated SEC chairman may introduce cryptocurrency friendly policies, the basic legal principles remain unchanged, and the personalities and policy preferences of SEC leaders cannot override established securities laws. The Supreme Court's Howe test has been the cornerstone of securities regulation for 75 years, unaffected by individual government and political appointments. Although the enforcement focus of the SEC may change under the new leadership, its legal obligation to apply the Howe Test remains absolutely unchanged. The enduring framework for evaluating investment plans is independent of any chairman's cryptocurrency friendly stance or industry relations. The report points out that the launch of the TRUMP meme coin has exposed a fundamental tension in contemporary American politics. Although Trump positions himself as a supporter of the cryptocurrency industry and promises to make the United States the "global cryptocurrency capital," the structure and timing of his own digital token project indicate concerns about the fusion of his personal wealth and political power. The concentration of token ownership in companies associated with Trump, coupled with its issuance just before the inauguration ceremony, has raised questions about whether this represents genuine support for cryptocurrency innovation or just a clever attempt to further monetize the presidency.