crypto

Tom Jones2/7/25

Copycats have rushed to cash in on the buzz around $TRUMP coin

If imitation is the sincerest form of flattery, then the team behind the president’s meme coin must be positively blushing. After analyzing the holdings of the official Trump coin wallet, the Financial Times reported that in the last three weeks alone, some 736 meme coins have been deposited into Trump’s digital wallet in “apparent attempts to suggest his endorsement.”

Crypto chancers have been rushing to associate their creations with President Trump ever since he and Melania launched their own coins ahead of his inauguration in January. After the president’s official meme coin (trump) surged to hit an implied market value of ~$70 billion at its peak, the number of “copycat” coins jumped — with more than 160 created since January 18.

According to the FT’s research, people have put 192 copycat coins named after Trump or members of his family into his wallet, with 30 referencing his son Barron alone. Interestingly, there are 35 meme coins with “Elon” or “Musk” in their names in there, too.

Last week, the Trump Media & Technology Group launched financial services and fintech brand Truth.Fi, and yesterday it emerged that it had also filed a trademark for a bitcoin “plus” ETF.

Trump’s memecoin inspires wave of copycats

Trump’s memecoin inspires wave of copycats

Crypto chancers have been rushing to associate their creations with President Trump ever since he and Melania launched their own coins ahead of his inauguration in January. After the president’s official meme coin (trump) surged to hit an implied market value of ~$70 billion at its peak, the number of “copycat” coins jumped — with more than 160 created since January 18.

According to the FT’s research, people have put 192 copycat coins named after Trump or members of his family into his wallet, with 30 referencing his son Barron alone. Interestingly, there are 35 meme coins with “Elon” or “Musk” in their names in there, too.

Last week, the Trump Media & Technology Group launched financial services and fintech brand Truth.Fi, and yesterday it emerged that it had also filed a trademark for a bitcoin “plus” ETF.

More Crypto

Zcash nosedives after counterfeit vulnerability revealed

The privacy-focused cryptocurrency has dropped more than 40% in the last 24 hours, shedding $3.8 billion in market capitalization.

Zcash coins on blue background.

Yaël Bizouati-Kennedy6/5/26

Bitcoin digital asset treasuries (DATs) have taken a big hit amid bitcoin’s tumble, shedding $62 billion in value since the asset’s October 6 all-time high, Artemis data shows, with their fully diluted market cap dropping to $72 billion from $134 billion in early October.

Meanwhile, bitcoin, which has fallen below $62,000 on Friday morning, is down 50% from its all-time high. DAT pioneer Strategy’s market cap stood at $102.2 billion on October 6, according to Macro Trends, and is now down to $45.6 billion, a 55% decline. Strategy has been in hot water since it sold 32 bitcoin earlier this week, and because its digital credit instrument, STRC, has been trading below its par value. Shares of Strategy are down 17% in the past week.

crypto

Sage D. Young6/4/26

“Sentiment for crypto is firmly in the gutter” as sector sinks, with tokens hitting multiyear lows

On Thursday, altcoins swept lower as bitcoin weakened. The tokens with the biggest losses in the last 24 hours are NEAR, ethena, and Zcash, each declining double digits in the period.

Other tokens have dropped to lows not seen in over a year in the past 24 hours:

Ethereum dropped 4.4% to under $1,780, a level not seen since April 2025.
XRP declined 4.5% to an 18-month low last hit in November 2024.
Solana decreased 6% to trade below the $70 mark, its lowest price since December 2023.
Dogecoin slid below $0.09, a 27-month low last seen in February 2024.

“Sentiment for crypto is firmly in the gutter as fears surrounding BTC/STRC and its potential overflow compound and overshadow anything that can be read as positive news (e.g. CLARITY movements),” according to Sean Dawson, head of research at crypto options platform Derive.xyz.

“[Altcoins] are high beta plays to BTC and are typically sold heavily in a downturn. Simply put, I’d be even more bearish on alts,” Dawson told Sherwood News.

“Further, liquidity has been drained into this year’s ‘superhot’ narrative of AI/data centers. In other words, there are just better, more exciting opportunities elsewhere,” Dawson added.

One cryptocurrency that has bucked the downtrend has been worldcoin, the native token for World, the digital identity project backed by OpenAI CEO Sam Altman. While the broader crypto market has been pushing lower, WLD has jumped nearly 5% in the last 24 hours and 90% in the past seven days, data from CoinGecko shows.

Yaël Bizouati-Kennedy

Bitcoin nears February lows amid $1.4 billion exiting its ETFs

“This week has been painful in crypto. There is really no other way of putting it.”

Bitcoin Medals Manufactured At Sakamoto Metal

Yaël Bizouati-Kennedy

Bitcoin tumbles toward $65,000 as crypto may be “forced to go through a painful metamorphosis”

The AI trade is “sucking all the oxygen out of the room,” one analyst wrote.

ITALY-BITCOIN-COMPRO-EURO-CRYPTOCURRENCY

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