Crypto

Trump-Themed MAGA Coin Plunges 8% As Joe Biden Quits Presidential Race

Published

1 year ago

July 22, 2024

Trump-Themed MAGA Coin Plunges 8% As Joe Biden Quits Presidential Race

The U.S. political landscape saw tectonic shifts as incumbent Joe Biden dropped out of the 2024 presidential contest against his arch-rival Donald Trump.

What Happened: This major development injected fresh volatility in coins themed on former President Trump, who is viewed as a pro-cryptocurrency candidate by some.

Maga Coin, rooted in Trump’s “Make America Great Again” movement, plunged 8% in the last 24 hours. The Ethereum ETH-based token’s trading volume soared 140% to $19 million in the last 24 hours, signaling frantic sell-offs.

Cryptocurrency	Gains +/-	Price (Recorded at 11:00 p.m. EDT)
Donald Trump TRUMP/USD	+53.12%	$0.00823
MAGA TRUMP/USD	-8.04%	$6.95

The negative reaction could have to do with Biden’s departure. Cryptocurrency bettors have been betting against Biden for quite some time, and even before the formal announcement, the odds of him pulling out of the race were surging on Polymarket.

On the other hand, a Solana SOL/USD-based memecoin, Donald Trump, jumped 53% in the last 24 hours, with volumes swelling up by 265%.

See Also: Analyst Predicts Bitcoin To Soar By 83%, But There’s One Major Catch: ‘We’re Going To Get That Continuation As Long As …’

Why It Matters: Trump-themed coins have rallied sharply this year, bolstered by his support for the cryptocurrency industry in the U.S.

His positive campaigning has helped garner support among proponents of the asset class, whether it be through his guarantees that the U.S. will become a crypto-friendly travel destination, his positioning as a “crypto president,” or his acceptance of political donations in cryptocurrencies.

The odds of Trump winning the elections were still overwhelmingly high at 65% on Polymarket, indicating the cryptocurrency market’s bullish bias.

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Crypto

Crypto Tax Pressure Reaches Congress as Lawmakers Face Urgent Push to Rewrite Federal Rules

Published

1 hour ago

December 17, 2025

Press Room

Lawmakers are confronting rising pressure to modernize cryptocurrency tax policy as uncertainty clouds compliance, threatens U.S. competitiveness, and forces Congress to weigh legislative action amid warnings that capital and innovation could move offshore.

Crypto

Cryptocurrency becomes trendy holiday gift option

Published

13 hours ago

December 16, 2025

Press Room

Cryptocurrency becomes trendy holiday gift option

PHOENIX (AZFamily) — Cryptocurrency is appearing on more holiday wish lists as gift-givers look for alternatives to traditional presents.

A new survey from the National Cryptocurrency Association and PayPal shows 24% of Americans have given or are considering giving cryptocurrency this holiday season.

The survey also found that 17% of consumers would rather receive cryptocurrency than a gift card, and 31% of Americans believe crypto gifts are less likely to go unused than gift cards.

“It’s actually a trending holiday gift, especially compared to gift cards,” said Ali Tager, a spokesperson for the NCA. “We know crypto is becoming increasingly mainstream.”

Tager said people like receiving cryptocurrency because it has the potential to increase in value.

“There’s so much you can do with this technology and it’s still in its early days,” she said.

Financial advisor Angelica Prescod said there are other investment options to consider for gift-giving.

“One of them is just gifting people something simple. Maybe some shares of some stocks that you may already have, that you are gifting over, or you can give them the cash to do so and open up their own account and feel involved in the process,” Prescod said. “For most folks [cryptocurrency] is not really the go to.”

Gift-givers can also contribute to 529 plans for college and other education expenses.

“It’s that gift that potentially can keep on giving,” Prescod said.

For those still interested in giving cryptocurrency, experts recommend doing research first.

“Like with everything, anywhere, you always want to do your research. You want to make sure to verify your sources. You never want to take financial advice from strangers or click on random links that you receive,” Tager said.

The National Cryptocurrency Association offers a crypto simulator that helps users learn how to choose an exchange, set up a wallet, and send and receive cryptocurrency without spending real money.

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Crypto

Visa Targets Banks and Fintechs With Stablecoin Advisory Launch as Adoption Pressure Tightens

Published

1 day ago

December 16, 2025

Press Room

Visa Targets Banks and Fintechs With Stablecoin Advisory Launch as Adoption Pressure Tightens

Visa is moving deeper into stablecoin-powered payments as adoption surges, launching a new advisory practice to help banks, fintechs, and enterprises design, assess, and deploy stablecoin strategies across global payment and treasury operations.