A U.S. law mandating the sale of TikTok to a non-Chinese owner, upheld by the Supreme Court, resulted in the app’s unavailability on Saturday. The app’s message attributed the shutdown to the enacted ban, while also expressing hope for a solution. ByteDance’s other apps also faced similar disruptions. President-elect Trump hinted at a potential 90-day extension, creating uncertainty regarding TikTok’s long-term future in the U.S. This situation follows considerable debate regarding national security concerns and free speech implications.
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Donald Trump’s newly launched cryptocurrency, $Trump, rapidly gained a market cap exceeding $6.5 billion before settling around $4.7 billion. The coin’s launch coincided with a pre-inauguration “Crypto Ball” and features Trump’s companies holding 80% of the tokens, raising concerns about potential conflicts of interest. Disclosures state the coin is non-political, despite Trump’s plans to prioritize cryptocurrency as president-elect. The significant holdings by Trump’s companies have fueled comparisons to “pump and dump” schemes.
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Donald Trump’s new “$TRUMP” meme coin, launched Friday, has seen a dramatic price surge, reaching $26.95 from $0.18, with a market cap exceeding $5 billion. Former aide Anthony Scaramucci condemned the venture as “corruption,” echoing concerns about Trump’s continued use of his image to sell merchandise. Critics cite this as another example of Trump leveraging his position for personal profit, particularly during his presidential campaign. The coin’s rapid growth and the controversy surrounding it highlight the volatile nature of meme coins and raise ethical questions regarding the actions of a president-elect.
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John Q. Hosedrinker