Web3đWednesday Buzz: Trumpâs $500B AI Bet, Tether Warning, and the XRP Wallet Scandal
1. TRUMP & MELANIA Coins: January 2025 price predictions
2. Trump unveils $500B private AI investment
3. Coinbase CEO flags Tether delisting risks
4. Influencers under fire for fake XRP wallet
Read on for more insights! âĄ
Web3 is buzzing with major developments today! From bold moves in AI infrastructure to warnings about stablecoins and a heated crypto controversy, the space is anything but quiet. Former President Trump unveils a staggering $500 billion private sector AI investment, setting the stage for a tech revolution. Meanwhile, Coinbaseâs CEO raises concerns over Tetherâs future under new U.S. stablecoin rules, and crypto influencers face backlash over a fake U.S. Treasury XRP wallet. Stay tuned as we dive into these key stories shaping the Web3 landscape and explore what they mean for the future of crypto and blockchain innovation.
1. TRUMP & MELANIA Coins: January 2025 price predictions
The intersection of US politics and cryptocurrency is making waves as President Trumpâs $TRUMP meme coin gains traction, trading at $42 after an initial surge to $60. First Lady Melania Trump joined the crypto race with her $MELANIA token, currently trading at $4 after an early peak of $10. Analysts predict bullish trends for both tokens, with $TRUMP potentially reaching $65 and $MELANIA rebounding to $10 by January 2025. As crypto popularity rises among Americans, this political-crypto crossover highlights the growing influence of digital assets on mainstream demographics and market sentiment.
Juhi Mirza
2. Trump unveils $500B private AI investment
President Trump announced a groundbreaking $500 billion private sector investment in U.S. AI infrastructure through a joint venture called "Stargate," led by OpenAI, SoftBank, and Oracle. The initiative aims to create over 100,000 American jobs and advance AI's role in addressing critical issues like healthcare. Ten data centers are already under construction in Texas, with plans to expand nationwide. Trump emphasized the importance of keeping AI advancements domestic, citing global competition. Executives Sam Altman, Masayoshi Son, and Larry Ellison highlighted AIâs transformative potential, predicting unprecedented medical breakthroughs and technological progress. More investors are expected to join this historic venture.
Jennifer Jacobs
3. Coinbase CEO flags Tether delisting risks
Coinbase CEO Brian Armstrong expressed concerns over upcoming U.S. regulations that may require stablecoins to be fully backed by U.S. Treasury bonds, potentially affecting offshore issuers like Tether. While Coinbase plans to delist Tether (USDT) if it fails to comply with new legislation, Armstrong assured users that Coinbase will continue offering USDT in the short term. In Europe, Coinbase has already delisted Tether and other stablecoins ahead of MiCA regulations but may relist if they comply. U.S. lawmakers, led by Rep. Tom Emmer, are working on stablecoin legislation to regulate and strengthen the market's security.
Ayesha Aziz
4. Influencers under fire for fake XRP wallet
Crypto influencers have come under fire for spreading false news about a U.S. Treasury XRP wallet linked to major institutions like JPMorgan and Bank of America. The story quickly gained traction on social media, but analysis revealed the wallet was fraudulent and located in the Philippines. The misinformation led to a surge of speculation that XRP could become a national reserve currency, fueling further confusion. Influencers, including Brett_Crypto_X, have been criticized for their role in promoting the hoax. Meanwhile, phishing scams targeting crypto users have been on the rise, causing significant losses.
Olumide Adesina
As the Web3 ecosystem continues to evolve, todayâs highlights remind us of the rapid pace of innovation and the challenges that come with it. From AI infrastructure investments to regulatory hurdles and controversies, the journey ahead is both exciting and complex. Staying informed is key to navigating this ever-changing landscape. Together, letâs stay ahead of the curve in this thrilling era of Web3!
