Trump’s Crypto Shake-Up: Ulbricht Freed and Bitcoin Reserve on the Horizon
“Should Have Bought” is a news podcast by the ForkLog editorial team covering the week’s main events in the industry and the hottest tokens.
Topics: a change of power and a shake-up for the crypto industry, TRUMP and MELANIA, a new ATH, a bitcoin reserve on the horizon, and the release of Ross Ulbricht.
Special guest: CEO of the Peanut.trade platform, Alexander Momot.
Participants: ForkLog authors Vasily Smirnov and Alex K.
A New Era for the Crypto Industry?
On January 20, Donald Trump officially assumed office as the 47th President of the United States. During his campaign, he announced promising crypto initiatives that the community received with optimism.
The politician promised to be an advocate for the industry, supporting the development of blockchain technologies and creating a regulatory framework for cryptocurrencies. These statements have sparked hopes for a more stable and predictable environment for crypto investors.
However, skeptics remain. Some warn that Trump’s statements may be mere campaign rhetoric, unsupported by real actions.
TRUMP and MELANIA
The meme coin launched by Trump before his inauguration experienced a dizzying rise and a multibillion-dollar FDV. Traders earned millions in a matter of hours, and major exchanges listed the token.
Observing the charts, the crypto community was divided: some saw potential in attracting new cryptocurrency users, while others perceived it as a dubious fundraising method and a risk to the industry. DeFi analyst David Zimmerman of K33 Research called the project’s tokenomics “outdated.”
CREW is preparing new lawsuits against Trump over his meme coin and stake in Truth Social. The organization is concerned about potential conflicts of interest, but the law on such situations does not apply to presidents, complicating the matter.
Following her husband, Melania Trump also released a namesake meme coin on the Solana network. Within a day, the token’s FDV exceeded $12 billion.
Experts noted the unprofessionalism of the MELANIA team and potential corruption schemes, while the crypto community ironically recalled Gary Gensler’s regulatory approaches.
Ulbricht Freed!
Trump pardoned Silk Road creator Ross Ulbricht, fulfilling a campaign promise. Sentenced to two life terms for creating a darknet market, he was released thanks to the president’s decision.
Ulbricht’s family and supporters, including Elon Musk and Tim Draper, thanked Donald Trump for overturning the “excessively harsh” sentence.
Coinbase’s Director of Product Conor Grogan discovered 430 BTC in wallets presumably linked to the creator of the famous marketplace. The assets remained untouched for over 13 years and are valued at approximately $47 million. Grogan doubts Ulbricht retained access to these funds, but the intrigue remains.
The “Golden” Crypto Boiler
A Russian under the nickname teamtimteam on the “Habr” forum created a home heating system based on the ASIC miner Antminer S19 Hydro. The installation not only heats the home but also generates a net profit of 23,000 rubles monthly. The project was implemented over a year, including the study of hydrodynamics and the creation of 3D models,
The cost of the crypto boiler amounted to about 164,000 rubles, including the miner for 135,000 rubles and additional components. In 2024, the enthusiast expanded the experiment, equipping a bathhouse with a more powerful Antminer S19 Hydro 198TH device.
The project author noted that for him, it is not only a way to save money but also an exciting experiment that combines technology with everyday life.
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