[Daily News Brief] Trump's $Trump Coin Soars: Inviting 220 Big Players to Private Dinner Events

In a compelling event, the value of Donald Trump’s $TRUMP emoji coins surged as it announced that it would offer private dinner invitations with the president to the top 220 holders. The news was released through the coin's official website and immediately sparked a warm response in the market, causing the cryptocurrency to rise by 58%, pushing the market value to $14.32. However, the rebound still cannot make up for the huge 88% drop it experienced when Trump reached a high of $75.35 before taking office in January. A dinner scheduled for May 22 at Trump National Golf Club in Washington, D.C. promises to provide attendees with intimate opportunities to discuss the future of cryptocurrencies with Trump. Trump, who calls himself "crypto president", has taken several important initiatives in the digital currency field, including launching various projects such as NFT and a cryptocurrency platform called World Liberty Financial. A recent executive order signed by the Trump administration aims to promote the development of the cryptocurrency sector further underlines his determination to make the United States a leader in this rapidly growing market. Although the news of the dinner sparked investors' excitement, it also received strong criticism from lawmakers and ethical watchdogs. Senator Chris Murphy called the incident "the most unbridled corruption the president has ever done", while Tony Carke, executive director of the nonprofit Accountable.US, said Trump "blatantly invited investors to bid for opportunities to engage with him." $TRUMP and Melania Trump’s counterparts reflect the growing trend of emoji coins that often exploit celebrity culture and the Internet phenomenon. Many investors tend to regard these cryptocurrencies as speculative assets, lacking intrinsic value, making it difficult to maintain their long-term value. This phenomenon is similar to the trajectory of other emoji coins such as Dogecoin, which gain popularity through viral marketing, but often struggles to maintain long-term value. As the cryptocurrency market continues to evolve, Trump’s influence and related projects will continue to be the focus, especially as his administration suggests a relaxation of regulation. Recently, Trump’s media company announced plans to launch exchange-traded funds (ETFs) that include digital assets, demonstrating a broader strategy to intertwin traditional finance with the booming cryptocurrency world. Looking ahead, the interaction between Trump’s political ambitions, cryptocurrency projects, and regulatory environments will play a key role in shaping his emoji coins and the future of the broader cryptocurrency market. Investor responses to dinner invitations and potential federal policy changes have far-reaching implications for Trump’s legacy and cryptocurrency sectors and deserve close attention. Meanwhile, debate between investors and analysts has been intensifying as Ethereum, a leading smart contract platform, has been experiencing a turbulent stage. Although Ethereum's price rose 25% on April 24 due to Bitcoin's historical support pairing, its decline in network activity and institutional investors' hesitation put it on numerous challenges