Here’s what happened in crypto today
In today's crypto news, US President Donald Trump has increased the utility of his memecoin, allowing holders to purchase merchandise like sneakers, watches, and fragrances using the Official Trump (TRUMP) token, which previously lacked functionality. The Czech National Bank is considering a plan to invest up to 5% of its reserves in Bitcoin, potentially injecting over $7 billion into the asset as part of its reserve diversification strategy. This proposal is set to be presented at a board meeting on January 30. Meanwhile, Cboe BZX Exchange has refiled for four Solana ETFs after previous applications were rejected by the SEC last year. This comes as Bitwise seeks to launch a Dogecoin ETF, indicating increased interest in memecoins. Industry estimates suggest that a Solana ETF could attract up to $6 billion in net assets within its first year, reflecting the growing acceptance of crypto assets among institutional investors.
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