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Falcon Energy Materials PLC is engaged in development of graphite projects. The company has one project currently under evaluation which is named Lola Graphite.

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&#34;We need to be working to solve access to capital issues, but the answer cannot be investment from Chinese state-owned industries,&#34; Jonathan Wilkinson tells Bloomberg.

&#39;The Answer Cannot Be China,&#39; Canada&#39;s Wilkinson Says: Mining Scrutiny Intensifies As SRG Scraps Deal

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Falcon Energy Materials PLC

When it comes to modern politics, it's not just about policies – it's about how you sell them. And according to billionaire entrepreneur Mark Cuban, Democrats and Republicans are playing vastly different games when it comes to winning over voters.
Cuban's comments came during a <a href="https://bsky.app/profile/mcuban.bsky.social/post/3lfiyz2sycs2d">discussion</a> on Bluesky about job growth under President Joe Biden. While Biden boasts impressive numbers – 16.1 million jobs <a href="https://www.whitehouse.gov/briefing-room/statements-releases/2025/01/10/statement-from-president-joe-biden-on-the-december-2024-jobs-report/">created</a>, more than the full terms of Trump, Obama or George W. Bush–Cuban thinks these numbers aren't connecting with everyday people the way they should.
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<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!</a></li>
</ul>
The conversation started when Peter Baker, chief White House Correspondent for The New York Times and MSNBC analyst, shared an Axios article that highlighted how more jobs have been created under Biden than during the full terms of Trump, Obama or Bush 43.
In response, journalist Kara Swisher said, &#8220;It is truly about who tells a better story – or really a story people want to hear and makes them see what they believe rather than believe what they see.&#8221;
Cuban replied, &#8220;The reality is that Salesmanship is the differentiation between the two parties. The Dems couldn&#8217;t sell dollar bills for 50c. Trump has found his audience and can sell them dollar bills for $5. When everything is a story the algorithm flashes at you as you scroll, you better be selling fast.&#8221;
See Also: Built on the trusted network of Fortune 500 companies, <a href="https://www.benzinga.com/money/web3-enabler-the-most-boring-blockchain-company-partners-with-salesforce">this blockchain company partners with Salesforce to uproot lengthy and expensive B2B transactions, and you can invest with just $100.</a>
<h2 class="wp-block-heading">The Numbers Don't Lie</h2>
Axios reported that the U.S. economy has added more jobs under Biden than any of his recent predecessors. In 2024 alone, 2.23 million jobs were created, <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42912480/us-economy-adds-256000-payrolls-in-december-as-tight-labor-market-tops-forecasts-dollar-treasury-yields-spike">including 256,000 in December</a>. Here's how it stacks up:
<ul>
<li>Joe Biden (2021–2024): +16.1 million jobs</li>
<li>Donald Trump (2017–2020): -2.1 million jobs (pandemic losses; pre-pandemic gains: +6.6 million)</li>
<li>Barack Obama (2009–2016): +7.1 million jobs</li>
<li>George W. Bush (2001–2008): +5.2 million jobs</li>
</ul>
By comparison, Bill Clinton's presidency saw a whopping 23 million jobs added. However, Biden's annual average growth is higher, driven by the post-pandemic recovery. Despite these numbers, Cuban argues that the Democrats are failing to share this message and connect with voters.
Trending: <a href="https://www.benzinga.com/money/qnetic-2">This 12,000 RPM Spinning Battery With Over $100 Million In LOIs Could Be The Missing Link For Green Energy — Here&#8217;s Why Early Investors Are Flocking To Invest Before Funding Closes</a>
<h2 class="wp-block-heading">Trump's Masterclass in Selling</h2>
Trump, on the other hand, has mastered the art of selling. He understands his audience and crafts simple, catchy ideas that stick. From rallies to social media posts, he's turned complicated issues into statements his supporters can get behind.
Cuban's metaphor about dollar bills stresses the stark difference in approach. While Trump can persuade his followers to buy into his vision – even at a premium – the Democrats struggle to make their case even when the value is obvious.
After all, Trump famously said in 2016, &#8220;I could stand in the middle of Fifth Avenue and shoot somebody and I wouldn&#8217;t lose any voters. It&#8217;s, like, incredible.&#8221;
Cuban's critique is a wake-up call for Democrats to rethink their approach. Biden's job growth numbers are strong, but without a good story to back them up, they're being drowned out by louder, flashier messages from Republicans.
In a world driven by algorithms and attention spans measured in seconds, the ability to sell a story is a necessity. As Cuban points out, that&#8217;s where the Democrats are failing.
Read Next:
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<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a></li>
<li>According to Juniper Research, the total value of B2B cross-border payments stored on the blockchain is projected to exceed $4.4 trillion — <a href="https://www.benzinga.com/money/web3-enabler-future-of-enterprise-transactions">Join the first company to bring blockchain payments to Salesforce early with just $100.</a></li>
</ul>

Mark Cuban Says Trump's Messaging Skills Overshadow Biden's 16 Million Jobs–'He Can Sell Them Dollar Bills For $5'

Online trading platform Robinhood reportedly transferred a whopping 131 million Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) within the span of an hour, sparking intrigue and <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42256959/dogecoin-trading-volume-skyrockets-76-indicating-potential-major-price-upswing">speculation among crypto enthusiasts</a>.
What Happened: According to <a href="https://whale-alert.io/transaction/dogecoin/942ce5c784b2e9f4d6c5b0fde2c028767d54eefd13c00068b10c71c543c80935">data</a>, this massive amount of DOGE was moved in two significant transactions.
The initial&nbsp;transaction involved the transfer of&nbsp;80,452,117 DOGE, valued at approximately&nbsp;$33,127,063, from Robinhood to an&nbsp;unidentified wallet. 
The subsequent transaction witnessed&nbsp;51,954,195 DOGE, worth around $21,334,106,&nbsp;being transferred from Robinhood to leading cryptocurrency exchange,&nbsp;Coinbase.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f6a8; &#x1f6a8; 80,452,117 <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw">#DOGE</a> (33,127,063 USD) transferred from <a href="https://twitter.com/hashtag/Robinhood?src=hash&amp;ref_src=twsrc%5Etfw">#Robinhood</a> to unknown wallet<a href="https://t.co/FV4f1wCkh1">https://t.co/FV4f1wCkh1</a>
&mdash; Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1880312975711461739?ref_src=twsrc%5Etfw">January 17, 2025</a></blockquote>
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These considerable transactions could&nbsp;be associated with whales or&nbsp;institutional entities. The transfer to Coinbase might imply&nbsp;a potential sale or preparation&nbsp;for trading activity. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42497156/dogecoin-poised-for-85-surge-as-whales-accumulate-130-billion-doge">Dogecoin Poised For 85% Surge As Whales Accumulate 130 Billion DOGE</a>
Conversely,&nbsp;the transfer to an unknown&nbsp;wallet could suggest private custody or acquisition&nbsp;by a large holder or&nbsp;whale. Nevertheless, the precise motive behind the transfers remains a mystery.
Why It Matters: These recent transactions underscore the increasing activity and interest in DOGE. The transfers could potentially indicate a shift in the market dynamics, with large players possibly moving their assets for various strategic reasons. However, without concrete information, these remain speculative assumptions.
The movement of such a large amount of DOGE also highlights the role of Robinhood as a significant player in the crypto trading space. The platform&#8217;s involvement in these transactions could have implications for its user base and the broader crypto market.
Read Next
<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42380572/dogecoins-whopping-60-9b-movement-in-24-hours-a-bullish-sign" target="_blank" rel="noreferrer noopener">Dogecoin's Whopping 60.9B Movement In 24 Hours: A Bullish Sign?</a>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$DOGE

Robinhood Moves 131 Million DOGE In An Hour: What's Happening?

Billionaire hedge fund manager Stanley Druckenmiller regrets the decision to sell his fund&#8217;s stake in Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), a frontrunner in the artificial intelligence sector.
What Happened: In an interview with Bloomberg last year, Druckenmiller confessed that offloading Nvidia was a &#8220;big mistake.&#8221; The decision was primarily driven by the stock&#8217;s valuation, given that its price had tripled within a span of a year.
Nvidia, a significant player in the AI realm, has been registering&nbsp;record revenue and profit growth,&nbsp;courtesy of its industry-leading graphics processing unit (GPU) technology. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24NVDA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NVDA</a> Druckenmiller says selling Nvidia was a &quot;big mistake.&quot; &quot;I&#39;ve made so many mistake in my investment career, one of them was I sold all my Nvidia probably somewhere between $800 and $950.&quot; &quot;Yes, I think Nvidia is a wonderful company and were the price to come down we&#39;d get… <a href="https://t.co/egL9SBZJCA">pic.twitter.com/egL9SBZJCA</a>
&mdash; Hedge Vision (@HedgeVision) <a href="https://twitter.com/HedgeVision/status/1846605054251348468?ref_src=twsrc%5Etfw">October 16, 2024</a></blockquote>
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Despite Druckenmiller&#8217;s remorse, other billionaire investors like Ken Griffin of Citadel and David Shaw of D.E. Shaw have also downsized their Nvidia holdings.&nbsp;David Tepper of Appaloosa Management&nbsp;offloaded a substantial chunk of his Nvidia stake due to uncertainties surrounding long-term performance.
Also Read: <a href="https://www.benzinga.com/markets/25/01/42935107/peter-lynchs-money-making-advice-when-things-go-from-terrible-to-semi-terrible-to-ok-you-can-make-a-lot-of-money">Peter Lynch&#8217;s Money-Making Advice: &#8216;When Things Go From Terrible to Semi-Terrible to OK, You Can Make a Lot of Money&#8217;</a>
While Nvidia continues to reign supreme in the GPU market, several of its clients,&nbsp;including Microsoft, Alphabet, Amazon, Tesla,&nbsp;and Meta Platforms, are venturing into chip development. This could potentially decelerate Nvidia&#8217;s growth due to heightened competition.
Despite the promising outlook, some speculate that the stock&#8217;s recent surge is not entirely rooted in solid fundamentals, but is more likely a result of clever marketing strategies in the run-up to the Blackwell launch.
Why It Matters: The regret expressed by Druckenmiller underscores the potential of Nvidia and the AI industry. Despite the stock&#8217;s high valuation and increased competition, Nvidia&#8217;s innovative technology and potential revenue growth make it a key player in the market. 
However, the decisions of other billionaire investors to reduce their positions highlight the uncertainties surrounding the company&#8217;s long-term performance. 
Read Next
<a href="https://www.benzinga.com/markets/24/12/42499608/investment-guru-peter-lynch-if-you-cant-explain-to-an-11-year-old-in-2-minutes-or-less-why-you-own-t" target="_blank" rel="noreferrer noopener">Investment Guru Peter Lynch: ‘If You Can&#8217;t Explain To An 11-Year-Old In 2 Minutes Or Less Why You Own The Stock, You Shouldn&#8217;t Own It&#8217;</a>
Image: Wikimedia Commons

Success Stories

NVDA

Billionaire Stanley Druckenmiller: Selling This AI Stock Was a 'Big Mistake'

President-elect Donald Trump said Saturday that he may provide a 90-day extension to ByteDance-owned TikTok to delay or prevent a ban in the U.S.
What Happened: During an interview with NBC on Saturday, Trump suggested that he is &#8220;most likely&#8221; to grant TikTok a 90-day extension from a potential U.S. ban.
"I think that would be, certainly, an option that we look at. The 90-day extension is something that will be most likely done, because it's appropriate. You know, it's appropriate. We have to look at it carefully. It's a very big situation," Trump said.
This extension would provide ByteDance additional time to sell to a non-Chinese buyer, in compliance with the law enacted by President Joe Biden last year. However, Trump&#8217;s final decision on this matter is still pending.
As reported <a href="https://www.nbcnews.com/politics/donald-trump/trump-likely-give-tiktok-90-day-extension-avoid-ban-rcna188258">by</a> NBC News, the existing deadline for TikTok&#8217;s compliance is midnight Sunday. An extension announced on Monday might not be able to prevent the app from going offline for at least a day. The future of TikTok has been a major concern during the last days of the Biden administration.
The Biden administration has consistently stated that it does not intend to enforce the law, thereby shifting the responsibility to the incoming Trump administration. However, TikTok expressed apprehensions on Friday that the assurances from the White House might&nbsp;not be enough to prevent&nbsp;the app from being shut down.
Also Read: <a href="https://www.benzinga.com/25/01/43073056/tiktok-says-it-will-be-forced-to-go-dark-in-us-on-jan-19-after-supreme-court-upholds-ban">TikTok Says It Will Be &#8216;Forced To Go Dark&#8217; In US On Jan 19 After Supreme Court Upholds Ban</a>
Trump&#8217;s potential support for TikTok marks a significant departure from his previous&nbsp;stance during his first term,&nbsp;when he attempted to ban the app along with&nbsp;the Chinese messaging app WeChat.&nbsp;
Meanwhile, on Saturday, the Biden administration called TikTok&#8217;s statement on going dark on Sunday a &#8220;stunt.&#8221;
&#8220;It is a stunt, and we see no reason for TikTok or other companies to take actions in the next few days before the Trump Administration takes office on Monday,&#8221; White House Press Secretary Karine Jean-Pierre told Reuters. 
&#8220;We have laid out our position clearly and straightforwardly: actions to implement this law will fall to the next administration. So TikTok and other companies should take up concerns with them.&#8221;
&#8220;President Biden&#8217;s position on TikTok has been clear for months, including since Congress sent a bill in overwhelming, bipartisan fashion to the President&#8217;s desk: TikTok should remain available to Americans, but simply under American ownership or other ownership that addresses the national security concerns identified by Congress in developing this law,&#8221; Jean-Pierre added in the statement.
Why It Matters: TikTok&#8217;s potential ban in the US has been a contentious issue, with the app&#8217;s fate hanging in the balance during the transition between the Biden and Trump administrations. 
The proposed 90-day extension could provide much-needed respite for TikTok and its parent company, ByteDance, allowing them additional time to comply with US regulations. 
However, the future of the app in the US market remains uncertain until a final decision is made by the incoming Trump administration.
Read Next
<a href="https://www.benzinga.com/news/24/09/40866761/is-amazon-eyeing-tiktok-for-a-possible-acquisition">Is Amazon Eyeing TikTok For A Possible Acquisition?</a>
Image: Shutterstock

Social Media

Tech

Trump Floats Possibility of 90-Day Reprieve From TikTok Ban

Billionaire entrepreneur Mark Cuban has shown interest in funding a TikTok alternative. This move comes in light of the potential shutdown of TikTok this weekend, with Cuban considering leveraging the protocol developed by microblogging site Bluesky.
What Happened: Cuban is contemplating this step in response to legislation requiring TikTok to sell its platform or face a nationwide ban. ByteDance, the Chinese parent company of TikTok, has continually asserted that it is not for sale.
In a TikTok video on his account Tuesday, Cuban proposed this&nbsp;alternative version of the video-sharing&nbsp;app. 
He said, &#8220;There&#8217;s an app called Bluesky and it&#8217;s built on the AT Protocol. I would be open to investing in supporting anybody — or somebody who creates a TikTok replacement built on the AT Protocol.&#8221;
Bluesky, a decentralized social media platform, enables users to host their data on servers not owned by the company. The platform, created by Twitter founder Jack Dorsey in 2019, has expanded to a user base of over 27 million people, <a href="https://gizmodo.com/mark-cuban-says-hell-back-a-tiktok-alternative-built-off-blueskys-protocol-2000551599">reports</a> Gizmodo.
Also Read: <a href="https://www.benzinga.com/25/01/43073056/tiktok-says-it-will-be-forced-to-go-dark-in-us-on-jan-19-after-supreme-court-upholds-ban">TikTok Says It Will Be &#8216;Forced To Go Dark&#8217; In US On Jan 19 After Supreme Court Upholds Ban</a>
However, the fate of TikTok&#8217;s U.S. app remains uncertain. Reports suggest that the company is seeking a last-minute reprieve from incoming President Donald Trump. TikTok CEO Shou Chew is scheduled to attend Trump&#8217;s inauguration, and Trump is reportedly contemplating an executive order to save the platform.
Why It Matters: The potential shutdown of TikTok in the U.S. has sparked interest in alternatives to the popular video-sharing platform. Cuban&#8217;s proposal of a TikTok alternative based on Bluesky&#8217;s protocol could potentially offer a new avenue for social media users, especially with the growing concerns over data privacy. 
The move also highlights the increasing interest in decentralized social media platforms, which offer users more control over their data. 
The unfolding events surrounding TikTok&#8217;s future in the U.S. will undoubtedly have significant implications for the social media landscape.
Read Next
<a href="https://www.benzinga.com/news/24/09/40866761/is-amazon-eyeing-tiktok-for-a-possible-acquisition">Is Amazon Eyeing TikTok For A Possible Acquisition?</a>

Mark Cuban Open To Financing TikTok Alternative Based on Bluesky Protocol

The cryptocurrency market saw a notable surge on Saturday. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) all experienced a rise in value, as traders anticipate a potential <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42379899/trump-fuels-bitcoin-rally-but-where-will-it-go-next-year">&#8216;Trump bump&#8217; with the upcoming second Donald Trump presidency.</a>
What Happened: The crypto market sprung to life on the final trading day before the Trump&nbsp;administration takes over. Bitcoin spearheaded the rally, surging 2.81% and almost touching&nbsp;$104,987 per token. Ethereum (ETH&nbsp;-0.22%) and Dogecoin (DOGE -0.16%) also saw gains.
There is widespread speculation that President-elect Trump will prioritize cryptocurrency, with rumors of an executive order on his first day in office. This might include the appointment of a more crypto-friendly chairman for the Securities and Exchange Commission.
However, traders are advised to be cautious of the speed of policy changes in Washington. While changes to the industry&#8217;s rules may require congressional action, this doesn&#8217;t necessarily translate to a direct value gain for meme coins and blockchain tokens.
Instead, it could lead to&nbsp;assets like stocks and bonds&nbsp;trading&nbsp;on the blockchain and more&nbsp;business formation taking place on the blockchain.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42499633/exclusive-eric-trump-declares-bitcoin-the-future-details-tax-free-crypto-goals-for-trump-presidency">EXCLUSIVE: Eric Trump Declares Bitcoin The Future, Details Tax-Free Crypto Goals For Trump Presidency</a>
Despite the current speculation-driven surge, the market may face disappointment if the news doesn&#8217;t meet high expectations. 
The Federal Reserve cannot&nbsp;make Bitcoin or any other&nbsp;cryptocurrency a reserve currency without&nbsp;Congressional action, which seems unlikely in the current political climate.
The market movement today is largely driven by speculation that Trump will be beneficial for the crypto market. However, similar speculation in 2021 led to a market crash in 2022, cautioning investors against buying tokens based solely on speculation.
Why It Matters: The potential for a &#8216;Trump bump&#8217; in the cryptocurrency market is significant, given the President-elect&#8217;s rumored focus on this sector. 
However, the history of speculation-driven surges and crashes in the crypto market serves as a warning to investors. The potential for policy changes under the new administration could have far-reaching implications for the industry, but these changes are uncertain and could take time to implement. 
Read Next
<a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40001426/trump-aims-to-make-us-crypto-capital-of-the-planet-well-get-it-done" target="_blank" rel="noreferrer noopener">Trump Aims To Make US ‘Crypto Capital Of The Planet': ‘We'll Get It Done'</a>
Image: Midjourney

$BTC

$ETH

Bitcoin, Ethereum and Dogecoin Spike on Optimism Over New Trump Presidency

As Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) nears the $106,000 mark, the probability of the U.S. establishing a strategic Bitcoin reserve has surged to <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42049183/heres-how-a-bitcoin-whale-nets-179m-from-a-120-investment">an all-time high of 70%</a>.
What Happened: Well-known venture capitalist and Bitcoin enthusiast Anthony Pompliano shared data indicating a significant increase in the likelihood of incoming president Donald Trump creating a strategic Bitcoin reserve in 2025.
This information was shared as Bitcoin briefly hit the $106,000 mark before experiencing a minor pullback. The cryptocurrency is currently trading at $103,120 per coin, marking&nbsp;a 2.71% decline within several&nbsp;hours.
The speculation surrounding the new presidential administration&#8217;s plans to approve&nbsp;the creation of a strategic&nbsp;Bitcoin reserve has been a key factor in the cryptocurrency&#8217;s recent price surge. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The odds of a strategic bitcoin reserve just hit an all-time high of 70%. <a href="https://t.co/A1ZjppwKQj">pic.twitter.com/A1ZjppwKQj</a>
&mdash; Anthony Pompliano &#x1f32a; (@APompliano) <a href="https://twitter.com/APompliano/status/1880461596172161257?ref_src=twsrc%5Etfw">January 18, 2025</a></blockquote>
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Another significant factor driving Bitcoin&#8217;s price is the upcoming inauguration of President Donald Trump on January 20.
Also Read:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42933328/analyst-warns-of-bitcoins-uncertain-future-amid-key-support-breakdown-it-could-get-ugly" target="_blank" rel="noreferrer noopener">Analyst Warns of Bitcoin's Uncertain Future Amid Key Support Breakdown: ‘It Could Get Ugly'</a> 
The Department of Justice (DOJ) has also recently received court permission to sell 69,370 BTC seized from a Silk Road hacker in 2020.
The sale could net the US government over $7 billion, but many in the crypto community hope President Trump will prevent the sale and retain the Bitcoin for the proposed strategic reserve.
Why It Matters: The establishment of a strategic Bitcoin reserve by the US government would be a significant endorsement for the cryptocurrency, potentially driving its value even higher. 
The move would also mark a shift in the government&#8217;s stance towards cryptocurrencies, which have been viewed with skepticism by some regulators.
The potential sale of the seized Bitcoin by the DOJ could also have a significant impact on the market. If the sale goes ahead, it could flood the market with Bitcoin, potentially driving down the price. 
Read Next
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Image: Shutterstock

Odds of US Strategic Bitcoin Reserve Under Trump Skyrocket as BTC Nears $106,000

New York Mayor Eric Adams met with President-elect Donald Trump at his West Palm Beach golf club <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42323060/nyc-mayor-eric-adams-takes-victory-lap-remember-yall-laughed-when-i-first-got-my-bitcoin-whos-laughing-now" target="_blank" rel="noreferrer noopener">just days before the inauguration</a>.
The meeting, which lasted around an hour, focused on a range of issues concerning New York City, including border security, the deportation of violent offenders, and ways the federal government could assist with the city&#8217;s needs, <a target="_blank" href="https://www.cbsnews.com/newyork/news/eric-adams-donald-trump-meeting/" rel="noreferrer noopener">reports</a> CBS News.
Adams also highlighted discussions on improving public safety through the ceasefire agreement between Israel and Hamas and the potential for bringing manufacturing jobs back to New York, especially in the Bronx.
In a statement, Adams described the conversation as productive, emphasizing the importance of federal investments in New York, particularly regarding infrastructure and public safety, CBS News adds. He noted that working with the federal government is crucial to the success of New York City.
While the meeting itself was not surprising, as Adams has consistently shown a willingness to engage with all levels of government, some of his political opponents raised concerns about an ulterior motive.
Read Now: <a target="_blank" href="https://www.benzinga.com/economics/macro-economic-events/25/01/43064144/wall-street-roars-ahead-of-trumps-inauguration-intel-rallies-bitcoin-tops-105000-whats-driving-markets-friday" rel="noreferrer noopener">Wall Street Roars Ahead Of Trump's Inauguration, Intel Rallies, Bitcoin Tops $105,000: What's Driving Markets Friday?</a>
There were speculations that Adams might be seeking a pardon from Trump in light of his ongoing corruption charges.
Adams, however, dismissed these claims, stating that his primary focus was on securing federal assistance for New York.
He reaffirmed his intention to collaborate with the incoming administration for the benefit of the city&#8217;s residents, CBS News adds.
This meeting came as preparations were underway for Trump's inauguration, including heightened security measures in Washington, D.C. With the inauguration now moved indoors due to freezing temperatures, security concerns remain a priority as 250,000 guests, including prominent figures, prepare to attend.
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<li><a href="https://www.benzinga.com/25/01/43062563/imf-lifts-us-growth-outlook-betting-markets-raise-odds-on-trump-led-economic-boom" target="_blank" rel="noreferrer noopener">IMF Lifts US Growth Outlook, Betting Markets Raise Odds On Trump-Led Economic Boom</a></li>
</ul>
Image: Shutterstock

Equities

Politics

Mayor Eric Adams Meets Donald Trump Before Inauguration: Focus on NYC Priorities and Federal Help

In the wake of the launch of a meme coin themed to President-elect Donald Trump, the cryptocurrency Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) has surged 15% on Saturday.
What Happened: According to Coinmarketcap, the SOL token of Solana experienced a significant value increase following the launch of a Trump-themed meme coin on the Solana blockchain. 
On Saturday, SOL&#8217;s price soared more than 15% to $254.71. The newly introduced meme coin, named &#8220;Official Trump&#8221; (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>), was unveiled on Trump&#8217;s social media accounts late Friday and has since garnered more than $5 billion, making it the largest meme coin on the Solana network, according <a href="https://www.coingecko.com/en/categories/solana-meme-coins">to</a> CoinGecko.
Trump himself, and entities directly connected to him, have earned as much as $25 billion from the offering, <a href="https://www.axios.com/2025/01/18/trump-meme-coin-25-billion">according</a> to Axios.
This development is timed ahead of Trump&#8217;s inauguration on Monday, which is anticipated to usher in a new era of innovation and productivity in the crypto industry. It also coincides with the conclusion of Gary Gensler&#8216;s term as chairman of the Securities and Exchange Commission.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43073327/official-trump-memecoin-jumps-over-260-ahead-of-president-elects-white-house-inauguration-market-cap-reaches-whopping-4-billion-within-8-hours-of-launch">&#8216;Official Trump&#8217; Memecoin Jumps Over 260% Ahead Of President-Elect&#8217;s White House Inauguration</a>
Solana,&nbsp;the fourth-largest cryptocurrency by market&nbsp;cap, was established in 2020 as a quicker and more affordable alternative to Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>). It hosts&nbsp;popular meme coins like dogwifhat and&nbsp;Pudgy Penguins, in addition to&nbsp;decentralized finance (DeFi) and gaming&nbsp;projects.
The decision deadline&nbsp;for potential ETFs from Bitwise,&nbsp;VanEck, 21Shares, and Canary is January 25. ProShares&nbsp;also filed for four different&nbsp;ETFs based on SOL on Friday.
Why It Matters: The introduction of the Trump-themed memecoin and its subsequent success highlights the growing influence of political figures on the cryptocurrency market. 
The surge in Solana&#8217;s value following the meme coin&#8217;s launch underscores the potential of such themed coins to drive market trends. With the end of Gensler&#8217;s term, the crypto industry is poised for potential regulatory changes that could further impact the market dynamics. 
Read Next
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$SOL

$TRUMP

Solana Skyrockets, Sees 15% Surge Following Launch Of Trump-Themed Meme Coin

Major players in the cryptocurrency industry have made substantial donations to President-elect <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42379899/trump-fuels-bitcoin-rally-but-where-will-it-go-next-year">Donald Trump&#8216;s inaugural fund</a>.
What Happened: Companies such as&nbsp;Ripple,&nbsp;Coinbase,&nbsp;Kraken,&nbsp;Robinhood, and&nbsp;Circle&nbsp;have collectively donated a minimum of $10 million to the inauguration fund since Election Day. 
According to a report <a href="https://www.politico.com/news/2025/01/17/crypto-money-trump-inauguration-00199088">by</a> Politico, these contributions will be used to finance official events related to the inauguration, symbolizing the industry&#8217;s support for Trump, who is anticipated to be the first U.S. president with a clear pro-crypto stance.
The cryptocurrency industry also hosted a sold-out unofficial inaugural ball on Friday night at the Andrew W. Mellon Auditorium in Washington. The event, which included Snoop Dogg as a musical guest, was partly organized by David Bailey, who manages a Bitcoin conference where Trump was a speaker last summer.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42499633/exclusive-eric-trump-declares-bitcoin-the-future-details-tax-free-crypto-goals-for-trump-presidency">EXCLUSIVE: Eric Trump Declares Bitcoin The Future, Details Tax-Free Crypto Goals For Trump Presidency</a>
Ripple, currently facing&nbsp;enforcement action from the SEC, has&nbsp;donated $5 million in digital&nbsp;tokens to the inaugural committee.&nbsp;U.S. crypto exchanges Coinbase and&nbsp;Kraken, as well as stablecoin company Circle, each donated $1 million. Online brokerage Robinhood made a contribution of $2 million.
Why It Matters: These donations have sparked controversy, with Democrats and watchdog groups accusing the president of trading influence. However, the crypto industry perceives this as a celebratory moment and a chance to interact with the incoming administration. 
Amid ongoing regulatory uncertainties, these firms are likely seeking to build a strong relationship with the new administration, hoping for a more favorable regulatory climate for cryptocurrencies.
Read Next
<a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40001426/trump-aims-to-make-us-crypto-capital-of-the-planet-well-get-it-done" target="_blank" rel="noreferrer noopener">Trump Aims To Make US ‘Crypto Capital Of The Planet': ‘We'll Get It Done'</a>

Crypto Firms Donate Millions to Trump Inaugural Fund, Host Unofficial Ball Featuring Snoop Dogg

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