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⚡️ NEW: Ethereum Co-Founder Joe Lubin says Consensys is ready and willing to step up to play a more prominent leadership role amid the drama around the Ethereum Foundation.

Trump’s promise to usher in a ‘golden age’ for crypto is a sharp contrast from his predecessor. The crypto project connected to United States President Donald Trump, World Liberty Financial (WLF), has raised $1bn in token sales, while a new Trump meme coin also soared to more than $10bn in market value as Trump took office for his second term. WLF made the announcement on Monday, the day Trump was sworn in as president. The boom in Trump-related crypto ventures comes as he promises to$TRUMP usher in a “golden age” for cryptocurrencies, in stark contrast with the regulatory scrutiny of the industry enforced under the administration of former President Joe Biden. Middle East

According to U.S. officials on Monday, billionaire Elon Musk will become the sole leader of the Department of Government Efficiency (D.O.G.E) after co-founder Vivek Ramaswamy announced his resignation to focus on his campaign for governor of Ohio. D.O.G.E was established in November 2024 by Musk and Ramaswamy as part of President Donald Trump’s “Save America” initiative. The organization is tasked with reducing waste, streamlining regulations, and overhauling the federal bureaucracy. Ramaswamy played a crucial role in building D.O.G.E, but his decision to run for governor required him to step down in compliance with newly enacted regulations, according to spokesperson Anna Kelly in a statement to the Associated Press. The abbreviation “D.O.G.E” has drawn significant attention due to its association with Dogecoin (DOGE), the meme cryptocurrency ardently supported by Musk, known as the “Dogefather.” The price of DOGE surged last year after Musk was announced as the leader of D.O.G.E. Initially, D.O.G.E aimed to cut $2 trillion in government spending. However, Musk recently revised this target to $1 trillion, acknowledging that the original goal was overly ambitious. To support this initiative, President Trump signed an executive order temporarily halting federal civilian hiring. The Office of Management and Budget has been tasked with developing a plan to streamline the federal workforce through efficiency measures. Unlike traditional federal agencies, D.O.G.E operates independently of the government, relying on private-sector expertise and support from Republican lawmakers. The organization has attracted attention for its connections to the tech elite, with advisors such as Palantir co-founder Joe Lonsdale and investor Marc Andreessen. The blend of policy and meme culture is evident in campaign merchandise featuring Musk, Trump, and the Shiba Inu mascot of Dogecoin. These items have become a quirky highlight of the initiative, sparking both intrigue and debate within the cryptocurrency community. $DOGE

US President-elect Donald Trump has launched his own cryptocurrency, which quickly soared in market capitalisation to several billion dollars. His release of the meme coin, $Trump, comes as he prepares to take office on Monday as 47th president of the US. The venture was co-ordinated by CIC Digital LLC - an affiliate of the Trump Organization - which has previously sold Trump-branded shoes and fragrances. Meme coins are used to build popularity for a viral internet trend or movement, but they lack intrinsic value and are extremely volatile investments. By Saturday afternoon, hours after its launch, the market capitalisation for $Trump reached nearly $5.5bn (£4.5bn), according to CoinMarketCap.com. CIC Digital LLC and Fight Fight Fight LLC, a company formed in Delaware earlier this month, own 80% of the tokens. It is unclear how much money Trump might make from the venture. "My NEW Official Trump Meme is HERE! It's time to celebrate everything we stand for: WINNING!" Trump wrote on his social media platform Truth Social as he announced the meme coin on Friday night. Some 200m of the digital tokens have been issued and another 800m will be released in the next three years, the coin's website said. "This Trump Meme celebrates a leader who doesn't back down, no matter the odds," the website said. It included a disclaimer noting the coin is "not intended to be, or the subject of" an investment opportunity or a security and was "not political and has nothing to do with" any political campaign, political office or government agency. Critics accused Trump of cashing in on the presidency. "Trump owning 80 percent and timing launch hours before inauguration is predatory and many will likely get hurt by it," Nick Tomaino, a crypto venture capitalist, said in a social media post. Such digital tokens are notorious for speculators using hype to pump up the value before selling at the top of the market, leaving latecomers to count their losses as the price crashes. Cryptocurrency investors are hoping the Trump administration will boost the industry. President Joe Biden's regulators cited concerns about fraud and money laundering as they cracked down on crypto companies by suing exchanges. Trump was previously skittish about cryptocurrency, but at a Bitcoin conference in Nashville last year he said America would be "the crypto capital of the planet" once he returned to Washington. His sons Erik and Donald Jr announced their own crypto venture last year. $TRUMP

US President Joe Biden, scheduled to leave office on Jan. 20, has signed an executive order to incentivize the private sector to build AI infrastructure.In a Jan. 14 notice from the White House, President Biden said he had signed an executive order on “advancing United States leadership in artificial intelligence infrastructure.” According to the US president, the order will direct the Department of Defense and the Department of Energy to lease federal land for private companies to build AI infrastructure “in a way that enhances economic competitiveness, national security, AI safety, and clean energy.”“This renewed partnership between the government and industry will ensure that the United States will continue to lead the age of AI,” said President Biden.The text of the executive order stated that the federal sites would be required to use an “appropriate share” of US-manufactured semiconductors. The government would also be allowed to provide oversight of any private sector developers for “evaluating the national security implications of AI models” created on-site.Transitioning from Biden to TrumpThe executive order appears to be the 157th Biden has signed since beginning his term as US president in January 2021 and his eighth in 2025. In 2022, the US leader authorized government agencies to explore creating a regulatory framework for digital assets through one of his executive orders.Related: President Biden proposes ban on congressional stock trading: ReportBiden’s executive order came a day after the US president proposed a framework restricting semiconductor sales to foreign nations. Some industry leaders criticized the plans as potentially harming US companies by making them less competitive globally.President Biden is scheduled to leave office on Jan. 20, the day President-elect Donald Trump is sworn in. Reports have suggested Trump could sign several executive orders on his first day in office, including one addressing the debanking of crypto firms.In addition to potentially signing executive orders on crypto, the president-elect promised to ban the development of a central bank digital currency, have all Bitcoin (BTC) mined in the US, and create a strategic Bitcoin reserve from crypto seized by US law enforcement agencies. Magazine: Cypherpunk AI: Guide to uncensored, unbiased, anonymous AI in 2025$AI16Z $VIRTUAL $ACT