TL:DR; Cryptocurrency prices tend to react positively to favorable news and developments coming from big names, especially if they are outside the industry. XRP’s case from the past hour or so was another confirmation of this narrative, as the asset jumped by 5% in the timeframe. XRPUSD. Source: TradingView The news in question came from one of the most prominent US-based derivatives marketplaces, the Chicago Mercantile Exchange. Reports from SynopticCom indicated that the Illinois-based global giant had added two of the top 10 cryptocurrencies by market cap – XRP and SOL – to its 2025 agenda. Moreover, the page reads that futures trading for both assets will begin on February 10 if the products receive the necessary regulatory green light. @SynopticCom : CME just added XRP and SOL futures page to their staging subdomain. Page says XRP and SOL futures are going live on Feb 10 pending regulatory review. Looks like they are preparing for the official announcement. Brace for paradise. As always, posted this first on… pic.twitter.com/Am6fzLyApd — Summers (@SummersThings) January 22, 2025 Although the CME Group’s team is yet to make this announcement public, the report had an immediate impact on the prices of the underlying assets. XRP, the third-largest cryptocurrency by market cap, had declined to $3.13 ahead of the news going live but jumped by about 5% within minutes to just over $3.28. It has retraced since then slightly, but it’s still 10% up in the past week and close to the 2018 all-time high of $3.4. SOL, which has been on a roll since the Trump meme coin mania that started last Friday, went from under $255 to $270 within the same timeframe. Solana’s native token charted an all-time high during the weekend at over $290. The post What’s Behind Ripple’s (XRP) 5% Price Surge in Minutes? appeared first on CryptoPotato .
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Trump inauguration pastor gets slammed on X for launching a meme coin
Lorenzo Sewell, a Detroit pastor who delivered a prayer on the Donald Trump inauguration, announced the launch of his official meme coin. Although the coin is meant to be used for charity purposes, crypto X reacted sceptically, to say the least. Predictably, the Trump inauguration delivered some spectacular moments — from Melania’s hat preventing the President’s kiss to Elon Musk’s alleged Nazi salute at the end of his speech. The crypto community was caught off guard by the total absence of cryptocurrency mentioned in Donald Trump’s speech. However, the photos of Trump with Sen. Lummis, who waged war on Operation Choke Point 2.0 and proposed the creation of a Strategic Bitcoin reserve, were met with enthusiasm. Read more: Sen. Lummis warns FDIC staff against destroying OCP 2.0 docs One of the stunning moments of the inauguration was the three-minute-long MLK-heavy prayer delivered by a Michigan pastor, Rev. Lorenzo Sewell. He chanted his words referencing the famous “I Have a Dream” speech and Declaration of Independence, starting his prayer by grating the Lord for the “millimetre miracle” that saved the future president from the bullet during the July murder attempt. Sewell stated that America will begin to dream again. President Trump invited Pastor Lorenzo Sewell from Detroit to pray at the Inauguration, and he did NOT disappoint. God is back in America. pic.twitter.com/3dT7Jn46Wf — George (@BehizyTweets) January 20, 2025 One of the reasons for multiple references to Martin Luther King’s speech may be the fact that Trump’s inauguration coincided with MLK Day. And Sewell mentioned Dr. King that night once again–in a short video on X where Sewell announced the launch of his official crypto token. The pastor urged everyone to buy it in order to help the ministry and concluded that “we know that King’s dream can only be fulfilled if we acknowledge that people are living in a nightmare”. The crypto community was kind enough to send me $Lorenzo, so I have permanently locked my tokens into a Liquidity Pool, so that I will never sell on the community but rather just earn fees as our token continues to flourish! Amazing day, all the Glory to God! CA:… pic.twitter.com/kAZFL3mMmb — Pastor Zo (@pastorzosewell) January 20, 2025 The comment section went poisonous on the announcement. But let’s first talk about Sewell’s personality before diving into his meme coin and the community’s reaction. Rev. Sewell’s complicated past People who followed Trump’s campaign weren’t probably surprised to see Sewell delivering a prayer during the President’s inauguration as the pastor has been actively involved in the 2024 campaign, presenting the pro-Trump Christian events, giving speeches alongside the future president in churches and addressing the public at a Republican National Convention. Before joining the Trump bandwagon, Sewell has been a pastor at the non-denominational 180 Church. Rev. Sewell doesn’t divide religion from politics, saying that the gospel message is the political message and the Bible is a political book. “You cannot be a spiritual person and not be political,” said Sewell . Fox News cites him saying that he doesn’t believe all Democrats are demons, but their platform is demonic. Sewell is passionate and energetic, not only in his prayers. Not everyone in the 180 Church was happy to have a pro-Trump pastor, and on one occasion, the political clash resulted in Sewell getting handcuffed. His enemies drilled new locks to the church door, and the pastor was approached by the police while trying to get into the church. Thankfully, after weeks of holding services elsewhere, including a methadone clinic, Sewell managed to get his church back . It was only a year before Sewell met Trump for the first time and joined his 2024 campaign. During that meeting at the roundtable, Sewell expressed his admiration of Trump, saying the 45th President was charged with 34 felonies, and then he raised $52.8 million in 24 hours. Felonies that don’t stop the one on the way to glory is something that Sewell understands very well as it reflects his own life experiences as reportedly Sewell was a gang leader in the 90s before the 1999 spiritual revelation brought him to a religious path. Pastor’s meme coin roast The pastor’s $Lorenzo meme coin doesn’t seem that different from the TRUMP and MELANIA tokens that garnered substantial amounts of criticism following the launch. However, it seems that it was the pastor’s coin that gravitated the most hate. In the X post, Sewell claims he decided not to sell Lorenzo tokens and instead locked them permanently in the Liquidity Pool to earn fees and let the token flourish. In the video, Sewell asked people to “do him a favor” and “buy the official Lorenzo Sewell coin.” However, the public was harsh on the move. Below, you can see only a few of the many angered voices: Will pastor man rug? Only God knows. What’s clear enough for many in the crypto community is that meme coins began to gain notoriety similar to one that NFTs got at some point, where the element of gambling and scammers started to outshine the revolutionary technology. In his criticism towards the TRUMP token, journalist Nic Carter suggested that tokens issued by political figures in power may be used by external agents to manipulate and bribe national affairs. Can someone influence Sewell via a generous $Lorezno investment? Will see. You might also like: Trump Family’s dual coin launch draws fire for conflicts of interest and cash grabs Crypto Potato
Ethereum Foundation Faces Community Scrutiny Amid Speculations on Second Foundation’s Emergence and Leadership Changes
The recent emergence of a mysterious profile dubbed “Second Foundation” signals discontent within the Ethereum community, highlighting significant leadership concerns. This profile appears to be a reaction to the perceived Crypto Potato