TRUMP token rallies after President Trump says it’s “SO COOL”

The Official Trump (TRUMP) memecoin linked to US President Donald Trump soared over 12% to $12.25 in 40 minutes on March 23, after the president called it “The greatest of them all” on social media.

The Official Trump (TRUMP) memecoin linked to US President Donald Trump soared over 12% to $12.25 in 40 minutes on March 23, after the president called it “The greatest of them all” on social media.

“I LOVE $TRUMP — SO COOL!!! The Greatest of them all!!!!!!!!!!!!!!!!” Trump said on Truth Social on March 23 at 2:33 am UTC.

Nearly $250 million was added to the TRUMP token’s $2.5 billion market cap by 3:11 am before the memecoin fell back down to $11.38 about 90 minutes later, CoinGecko data shows and is now trading at $11.82.

Despite being the 53rd largest coin by market cap, Trump’s post contributed to it being the eighth most-traded token over the last 24 hours with $1.4 billion in trading volume.

Not everyone who bought TRUMP walked away a winner on March 23.

One whale who previously banked around $108 million on TRUMP lost $207,000 from a recent trade; blockchain analytics firm Lookonchain pointed out.

The TRUMP token has traded mostly downward and sideways ever since it reached a peak market cap of $14.6 billion on Jan. 19.

Tornado Cash goes live on MegaETH testnet

A largely unknown crypto developer who goes by the name “GUNBOATs” on X has launched crypto privacy mixer Tornado Cash on MegaETH testnet — a new Ethereum layer 2 blockchain looking to resolve Ethereum’s scalability issues.

The crypto developer showed a command-line interface (terminal window) of the Tornado Cash smart contract “0x0cB…65142” being deployed on the MegaETH testnet at block 1,397,845 — which was timestamped on March 21 at 5:41 pm UTC, according to the MegaETH explorer.

The integration occurred shortly after the US Treasury Department removed Tornado Cash from its sanctions list on March 21 and two months after a US appeals court said that the Treasury’s Office of Foreign Assets Control couldn’t sanction Tornado Cash smart contracts because they are not the property of a foreign national.

MegaETH also launched its testnet on the same day the Tornado Cash sanction was lifted.

While it isn’t clear if and when a full launch will occur, the company behind the MegaETH public testnet claims that it offers “unparalleled performance” with 10 millisecond block times while processing around 20,000 transactions per second.

Solo Bitcoin miner wins BTC block, banking $266K

A solo Bitcoin miner is believed to have mined one of the blockchain’s blocks using a miner with less than one terahash per second (TS/s) and scored a $266,552 bounty.

“Another solo miner found a block!! This time on a self hosted Public Pool. We can’t be sure but the guess is it was a miner with less than 1 TH/s,” Nerdminer Store said in a March 23 X post.

The Bitcoin miner snared a total of 3.15 BTC for solving block 888,989, which was timestamped on March 23 at 1:30 am UTC, mempool.space data shows.

That bounty included the current 3.125 Bitcoin subsidy and another 0.027 Bitcoin ($2,254) from transaction fees.

If Nerdminer is correct in believing that a miner with less than 1 TH/s was used to mine the block, then the machine likely would be a hand or pocket-sized rig that possesses a fraction of the hashrate that industrial-scale application-specific integrated circuits (ASIC) have.

For context, the Bitcoin mining marketplace estimates that the odds of the 1.2TH/s rig mining a solo block on any day is one in 4.6 million chance.

It comes after a 0.48 TH/s mining machine solved Bitcoin block 887,212 on March 10, banking $263,000 in total rewards.

No, the IMF did not say Bitcoin is ‘digital gold’

Bitcoin was mentioned several times in the International Monetary Fund’s seventh edition of its “Integrated Balance of Payments and International Investment Position Manual,” which was published on March 20 — but none of which were referring to it as “digital gold,” despite some reports.

The IMF provided classifications on “crypto assets” such as Bitcoin as a “medium of exchange” while stating that many new digital assets are designed to also act as a “store of value.”

“This is