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Cryptocurrency News Articles
Trump Effect: Justin Sun Wins Dinner with US President
May 21, 2025 at 06:20 pm
There’s been a flurry of activity in the crypto markets over the past several hours as US President Donald Trump pushes Congress to pass his 'big, beautiful' bill.
There's been a flurry of activity in the crypto markets over the past several hours as US President Donald Trump pushes Congress to pass his ‘big, beautiful’ bill. When signed into law, it could continue to propel both Bitcoin (BTC) and the best altcoins forward.
When asked by reporters on Monday to comment on the bill, Trump said:
>”I hope they will. I've asked them to do it. It's got to get passed. It's a big, beautiful bill, and they should pass it immediately.”
The bill, which Trump first announced in February, will make deep cuts to social programs like Medicaid and food assistance in exchange for modest reductions in the federal deficit over the next decade.
It has received pushback from moderate Republicans, who will be key to passing the bill in the House of Representatives.
BTC Price Today: A Slight Increase
Despite this, BTC has already shown a positive reaction to this news as it continues to stay solid above the $105K mark and inch closer to its all-time high of $109K.
According to data from CoinGecko, the world's largest cryptocurrency increased by 1.6% over the past 24 hours and a whopping 22% over the past 30 days.
(Image Credit: CoinGecko)
The cryptocurrency is also trading at a staggering $106K, with a 24-hour trading volume of over $9.5B and a market capitalization of around $2.05T.
The Trump Effect: Justin Sun Wins Dinner with US President
Crypto entrepreneur Justin Sun announced on X yesterday that he’s the top holder of Donald Trump’s $TRUMP cryptocurrency and has earned an invitation to the president’s gala dinner on Thursday.
“I’m the No. 1 holder of $TRUMP with 19,999 tokens and have been invited to President Trump’s gala dinner on Thursday at 7 PM,” he wrote.
Sun, who is also the founder of the Tron Foundation, holds $18.6M worth of $TRUMP. The ‘official meme coin’ of POTUS, $TRUMP has raised eyebrows for its potential for corruption and foreign influence.
Despite concerns, 250 of its biggest holders, many of them top players in crypto, will have the privilege to sit down with Trump for dinner, with the 25 holders getting VIP reception.
At press time, $TRUMP is changing hands at $938.67, down 1.02% for the 24-hour period.
Altcoins to Watch Out For as $BTC Surges
News of Bitcoin's surge, the imminent ‘Big, Beautiful Bill’, and Trump's meme coin dinner tomorrow have already had a cascading effect on the world of altcoins.
While it’s not exactly a buyer’s market, there are still several attractive tokens to be had at a great discount. Let’s take a look at some of the best today.
1. Solaxy (SOLX) – Presale of the Year, Ending Soon
Solaxy (SOLX) is gearing up to become the first-ever Solana Layer 2 blockchain. Once launched, it will address common issues with Solana, such as network congestion, failed transactions, and scalability.
Aside from unleashing Solana's potential, Solaxy's modular infrastructure will empower developers to create customized dApps at scale.
Solaxy has made a name for itself as one of the best presales this year, having raised over $38.4M since its launch. But it’ll be over in less than 26 days, so grab your SOLX tokens for a low $0.00173, while you can.
SOLX tokens are available at the Solaxy presale page. To get yours, connect a crypto wallet like Best Wallet, enter the number of tokens you wish to buy, and pay with your credit/debit card or crypto.
If you prefer, you can also stake your tokens immediately after buying. Doing so lets you earn passive rewards in exchange for supporting the project in its early stage.
For more detailed information, you can check out our Solaxy buying guide. You can also read the Solaxy whitepaper for more information, or follow Solaxy on X or subscribe to its Telegram channel for the latest news.
2. BTC Bull Token (BTCBULL) – Go Big on Bitcoin and Earn Free BTC Airdrops
With Bitcoin's continued rise, it's unsurprising that related projects are also gaining traction. Take BTC Bull Token (BTCBULL). This crypto project's premise is simple: earn free BTC airdrops when the #1 cryptocurrency hits $150K and $200K.
You'll also get free BTCBULL airdrops when BTC reaches the $250K mark
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