#BTC Bitcoin's New High and Trump's Crypto Influence: Weekly Highlights in the Crypto Market

This week saw significant events shaping the cryptocurrency landscape, from Bitcoin's record-breaking rally to political and institutional developments. Here's a summary of the key happenings:
---
Bitcoin Sets a New Record
After briefly falling below $100,000, Bitcoin surged to a historic high of $109,000—its first time crossing this threshold.
---
Trump’s Crypto Tokens Soar
Tokens issued by Donald Trump's team, in honor of his presidency and spouse, achieved a market capitalization in the billions within 24 hours of trading. Trump's pre-election campaign and inauguration were heavily backed by cryptocurrency companies.
Official Meme Coin Launch: Three days before his inauguration, the Trump team released an "official" meme coin, which skyrocketed in value.
Tuesday Highlight: The meme coin's symbol appeared on the Department of State Administration Efficiency (DOGE) website, now led by Elon Musk.
---
Corporate Bitcoin Accumulation
The reserves of a company pursuing a Bitcoin accumulation strategy are now estimated at $47.6 billion.
---
Silk Road Creator's Case
Ross Ulbricht, the creator of the Silk Road marketplace, has served over 10 years of his double life sentence. There are allegations that undiscovered bitcoins linked to Ulbricht were not confiscated by authorities.
---
Wednesday: Regulatory Progress
Crypto-Friendly Environment: Regulators are working to create a secure and investor-friendly crypto space.
Crypto in Messenger Apps: Cryptocurrency-related mini-apps will operate exclusively within The Open Network blockchain.
---
Thursday: Energy and Meme Coins
Crypto Mining and Energy Utilization: Authorities propose leveraging unused regional energy capacities to support crypto mining infrastructure.
Meme Coin ETFs: Exchange-traded funds based on meme cryptocurrencies may be approved faster than those for Ripple (XRP) or Solana (SOL).
Kidnapping for Crypto Ransom: Criminals abducted David Baland, demanding a ransom in cryptocurrency.
---
Friday: Taxation and Policy
Tax on Unrealized Gains: Companies may face taxes on unrealized crypto profits, even without selling their holdings.
Strengthening U.S. Leadership: A new policy document aims to cement the United States' dominance in digital finance.
Suspension of Withdrawals: A decentralized project team temporarily halted some Bitcoin and Ethereum withdrawals due to operational challenges.
#Gate.io Reserves Surpass $10 Billion