Highlights: A massive golden statue of Trump holding Bitcoin drew attention near the U.S. Capitol. Organisers said the sculpture reflects Trump’s influence on the growing cryptocurrency market. The installation appeared the same day the Federal Reserve cut interest rates slightly. A giant golden statue of former President Donald Trump holding a Bitcoin was revealed outside the US Capitol on Wednesday. The statue was streamed live on Pump.fun, a well-known site for launching meme tokens. The statue, towering at 12 feet, was positioned opposite Union Square on the National Mall in Washington, DC, within walking distance of Capitol Hill and about a mile from the White House. Its central location ensured visibility to visitors and media alike. Tribute to our savior. pic.twitter.com/I03fRJnmDq — Donald J. Trump Golden Statue (@djtgst) September 17, 2025 Golden Trump Statue Honors Crypto Support According to a website tied to the stunt, the display honours Trump’s “unwavering commitment to advancing the future of finance through Bitcoin and decentralized technologies.” Organisers organized the display, which serves as both a political tribute and a nod to the growing influence of cryptocurrencies. Hichem Zaghdoudi, one of the organisers, told local media, “This is a statement, this is to show everybody that without the president, we could never have had this mass adoption of Bitcoin, of cryptocurrencies, of all these big institutions buying Bitcoin. It shows that’s the future and this is our thank you, our statement, to the president.” Zaghdoudi added that the statue symbolises the view that Trump’s encouragement helped institutional investors enter the Bitcoin market. A livestream showed that artists crafted the sculpture from high-density foam. The lightweight material allowed multiple people to carry it into position. Social media clips showed machines carving Trump’s head and workers lifting the figure into place. The organiser mentioned that the statue stands 12 feet (3.6 meters) tall. He expressed hope that Trump would “walk out there and see it,” not realizing the president was visiting the United Kingdom at the time. Bringing the heat irl #DJTGST pic.twitter.com/KQ0Cwe1kdp — Donald J. Trump Golden Statue (@djtgst) September 15, 2025 Trump’s UK visit included high-profile meetings on tariffs, trade, and AI. Crypto leaders are urging him to support clearer digital asset rules, warning the UK could fall behind the EU, Singapore, and Dubai. Trump-Linked Crypto Moves Gain Attention The timing of the statue coincided with a Federal Reserve decision to cut interest rates by 25 basis points. Lower borrowing costs are often favourable for riskier assets, including cryptocurrencies. Trump has repeatedly pushed Jerome Powell to cut interest rates, often using harsh words toward the Fed Chair. BREAKING: Federal Reserve officially cuts interest rates by 25bps. pic.twitter.com/mDsK4XaPiB — Bitcoin Magazine (@BitcoinMagazine) September 17, 2025 Trump supported cryptocurrencies during his presidential campaign last year. His campaign got strong support from the crypto industry. His family also increased their involvement through World Liberty Financial Inc. World Liberty Financial joined the Digital Freedom Fund PAC, led by the Winklevoss twins. Their goal is to make the US a top cryptocurrency hub. Some critics worry about conflicts of interest with Trump cutting regulations. Crypto fans are excited, hoping for the next big crypto boom. eToro Platform Best Crypto Exchange Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users 9.9 Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Highlights: A massive golden statue of Trump holding Bitcoin drew attention near the U.S. Capitol. Organisers said the sculpture reflects Trump’s influence on the growing cryptocurrency market. The installation appeared the same day the Federal Reserve cut interest rates slightly. A giant golden statue of former President Donald Trump holding a Bitcoin was revealed outside the US Capitol on Wednesday. The statue was streamed live on Pump.fun, a well-known site for launching meme tokens. The statue, towering at 12 feet, was positioned opposite Union Square on the National Mall in Washington, DC, within walking distance of Capitol Hill and about a mile from the White House. Its central location ensured visibility to visitors and media alike. Tribute to our savior. pic.twitter.com/I03fRJnmDq — Donald J. Trump Golden Statue (@djtgst) September 17, 2025 Golden Trump Statue Honors Crypto Support According to a website tied to the stunt, the display honours Trump’s “unwavering commitment to advancing the future of finance through Bitcoin and decentralized technologies.” Organisers organized the display, which serves as both a political tribute and a nod to the growing influence of cryptocurrencies. Hichem Zaghdoudi, one of the organisers, told local media, “This is a statement, this is to show everybody that without the president, we could never have had this mass adoption of Bitcoin, of cryptocurrencies, of all these big institutions buying Bitcoin. It shows that’s the future and this is our thank you, our statement, to the president.” Zaghdoudi added that the statue symbolises the view that Trump’s encouragement helped institutional investors enter the Bitcoin market. A livestream showed that artists crafted the sculpture from high-density foam. The lightweight material allowed multiple people to carry it into position. Social media clips showed machines carving Trump’s head and workers lifting the figure into place. The organiser mentioned that the statue stands 12 feet (3.6 meters) tall. He expressed hope that Trump would “walk out there and see it,” not realizing the president was visiting the United Kingdom at the time. Bringing the heat irl #DJTGST pic.twitter.com/KQ0Cwe1kdp — Donald J. Trump Golden Statue (@djtgst) September 15, 2025 Trump’s UK visit included high-profile meetings on tariffs, trade, and AI. Crypto leaders are urging him to support clearer digital asset rules, warning the UK could fall behind the EU, Singapore, and Dubai. Trump-Linked Crypto Moves Gain Attention The timing of the statue coincided with a Federal Reserve decision to cut interest rates by 25 basis points. Lower borrowing costs are often favourable for riskier assets, including cryptocurrencies. Trump has repeatedly pushed Jerome Powell to cut interest rates, often using harsh words toward the Fed Chair. BREAKING: Federal Reserve officially cuts interest rates by 25bps. pic.twitter.com/mDsK4XaPiB — Bitcoin Magazine (@BitcoinMagazine) September 17, 2025 Trump supported cryptocurrencies during his presidential campaign last year. His campaign got strong support from the crypto industry. His family also increased their involvement through World Liberty Financial Inc. World Liberty Financial joined the Digital Freedom Fund PAC, led by the Winklevoss twins. Their goal is to make the US a top cryptocurrency hub. Some critics worry about conflicts of interest with Trump cutting regulations. Crypto fans are excited, hoping for the next big crypto boom. eToro Platform Best Crypto Exchange Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users 9.9 Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.
Golden Trump Bitcoin Statue Unveiled Outside US Capitol Honoring His Crypto Support
2025/09/18 22:42
Highlights:
- A massive golden statue of Trump holding Bitcoin drew attention near the U.S. Capitol.
- Organisers said the sculpture reflects Trump’s influence on the growing cryptocurrency market.
- The installation appeared the same day the Federal Reserve cut interest rates slightly.
A giant golden statue of former President Donald Trump holding a Bitcoin was revealed outside the US Capitol on Wednesday. The statue was streamed live on Pump.fun, a well-known site for launching meme tokens. The statue, towering at 12 feet, was positioned opposite Union Square on the National Mall in Washington, DC, within walking distance of Capitol Hill and about a mile from the White House. Its central location ensured visibility to visitors and media alike.
Golden Trump Statue Honors Crypto Support
According to a website tied to the stunt, the display honours Trump’s “unwavering commitment to advancing the future of finance through Bitcoin and decentralized technologies.” Organisers organized the display, which serves as both a political tribute and a nod to the growing influence of cryptocurrencies.
Hichem Zaghdoudi, one of the organisers, told local media, “This is a statement, this is to show everybody that without the president, we could never have had this mass adoption of Bitcoin, of cryptocurrencies, of all these big institutions buying Bitcoin. It shows that’s the future and this is our thank you, our statement, to the president.” Zaghdoudi added that the statue symbolises the view that Trump’s encouragement helped institutional investors enter the Bitcoin market.
A livestream showed that artists crafted the sculpture from high-density foam. The lightweight material allowed multiple people to carry it into position. Social media clips showed machines carving Trump’s head and workers lifting the figure into place. The organiser mentioned that the statue stands 12 feet (3.6 meters) tall. He expressed hope that Trump would “walk out there and see it,” not realizing the president was visiting the United Kingdom at the time.
Trump’s UK visit included high-profile meetings on tariffs, trade, and AI. Crypto leaders are urging him to support clearer digital asset rules, warning the UK could fall behind the EU, Singapore, and Dubai.
Trump-Linked Crypto Moves Gain Attention
The timing of the statue coincided with a Federal Reserve decision to cut interest rates by 25 basis points. Lower borrowing costs are often favourable for riskier assets, including cryptocurrencies. Trump has repeatedly pushed Jerome Powell to cut interest rates, often using harsh words toward the Fed Chair.
Trump supported cryptocurrencies during his presidential campaign last year. His campaign got strong support from the crypto industry. His family also increased their involvement through World Liberty Financial Inc. World Liberty Financial joined the Digital Freedom Fund PAC, led by the Winklevoss twins. Their goal is to make the US a top cryptocurrency hub. Some critics worry about conflicts of interest with Trump cutting regulations. Crypto fans are excited, hoping for the next big crypto boom.
eToro Platform
Best Crypto Exchange
- Over 90 top cryptos to trade
- Regulated by top-tier entities
- User-friendly trading app
- 30+ million users
Visit eToro
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights
You May Also Like
Bitcoin Holds Price Range Despite Drop to $108K as Whale Rotation Keep Traders Cautious
Your daily access to the backroom
Share
Blockhead2025/11/03 15:03
Here’s How Much 10,000 Lido DAO (LDO) Tokens Could Be Worth in 2026
Lido DAO price is having a strong day. The token is trading around $1.33, up almost 12%, and it’s one of the top ten gainers on the market. Trading volume has jumped more than 220%, showing that buyers are paying attention. Behind this sudden strength are three big factors: regulatory clarity, Ethereum’s own rally, and
Share
Coinstats2025/09/19 10:30
Series A funding, Series B retirement: A crash course in wealth for crypto founders
Source: Fortune Original title: Crypto founders are getting very rich, very fast—again Compiled and edited by: BitpushNews In the startup world, we are used to stories where founders work hard for years and eventually become millionaires when their companies go public or are acquired. Such wealth stories are also playing out in the cryptocurrency field, only this path to riches is often much shorter. A prime example is Bam Azizi. He founded the crypto payments company Mesh in 2020, and this year completed an $82 million Series B funding round. Normally, this kind of financing should all be invested in the company's development, but this time at least $20 million went directly into Azizi's personal pocket. This money comes from "secondary sales"—investors buying shares from founders or other early participants. This means that while the funding amount looks impressive, the actual amount reaching the company's account may be significantly less. However, for founders, they don't need to wait years; they can achieve financial freedom in the blink of an eye. This isn't necessarily a bad thing. A Mesh spokesperson pointed out that the company's partnership with PayPal and the launch of its AI wallet are progressing well. However, the problem is that in the current bull market, founders are cashing out early through secondary sales, making a fortune before the company has truly proven its value. Luxury mansion worth tens of millions Azizi is not an isolated case. In this bull market that began last year, Bitcoin has soared from $45,000 to $125,000, creating countless wealth myths. In mid-2024, the crypto social platform Farcaster completed a $150 million Series A funding round, with at least $15 million used to acquire shares held by founder Dan Romero. This former Coinbase employee has never hidden his wealth. In an interview with Architectural Digest, he showed in detail his $7.3 million mansion on Venice Beach, a four-building estate that the magazine called an "Italian-style garden." Although the renovation was a success, Farcaster's development has not been smooth sailing. According to reports, the platform currently has fewer than 5,000 daily active users, far behind competitors such as Zora. Romero has not responded to this. Omer Goldberg also benefited. Of the $55 million Series A funding round his security company Chaos Labs raised this year, $15 million went to him personally. This company, backed by PayPal Ventures, has become a significant voice in the blockchain security field, but has also remained silent about the deal. Why are venture capitalists willing to pay? According to industry insiders, secondary sales are becoming increasingly common in the current hot cryptocurrency market and popular sectors such as AI. Top venture capital firms like Paradigm and Andreessen Horowitz often agree to acquire shares from founders to secure lead funding for high-quality projects. For investors, this is essentially a gamble. The common equity they acquire offers limited returns, far less than preferred stock in conventional financing. But in an industry accustomed to making grand promises, whether it's appropriate to be so generous in rewarding founders who haven't yet succeeded is certainly debatable. Veteran cryptocurrency observers will be familiar with this scenario. During the ICO craze of 2016, countless projects easily raised hundreds of millions of dollars by issuing tokens. They promised to revolutionize blockchain technology and surpass Ethereum, but most have since disappeared. At the time, investors tried to use "governance tokens" to constrain the founders, but one venture capitalist admitted, "They're called governance tokens, but they don't actually govern anything." By the time the new bull market arrived in 2021, financing models began to resemble the traditional Silicon Valley model, but the phenomenon of founders cashing out in advance still existed. In a $555 million funding round, executives at payment company MoonPay cashed out $150 million. The market was beginning to cool down when the media reported that the CEO had spent $40 million to buy a luxury mansion in Miami. OpenSea, a once-star project, followed a similar path, with its founding team cashing out a significant portion of their funding. However, as the NFT craze faded, the company is now forced to seek a transformation. You are building a faith community. Why don't venture capitalists stick to a more traditional incentive model—allowing founders to meet their basic financial needs in Series B or C rounds, but only allowing them to receive huge returns once the company truly succeeds? Veteran trading lawyer Derek Colla pointed out the key: most cryptocurrency companies are "asset-light" and do not require the huge capital investment that is required in the chip industry, so this capital naturally flows to the founders. He further explained, "This industry is extremely reliant on influence marketing; there are far too many people willing to throw money at founders. Essentially, you're building a belief community." Secondary market expert Glen Anderson put it more bluntly: "In hype cycles like AI and cryptocurrency, you can easily cash out as long as you tell a good story." However, he emphasized that founders cashing out does not mean they have lost faith in the project. Colla, the lawyer, believes that massive cash-outs do not diminish a founder's enthusiasm. He cites MoonPay as an example: although the founder faced criticism over the mansion incident, the company's business continued to thrive. Farcaster's failure was not due to the founder's lack of effort; "he worked harder than most people." However, he also acknowledged that truly great entrepreneurs choose to hold shares for the long term because they believe these shares will multiply in value when the company goes public. "Great founders never want to sell on the secondary market," Colla concluded. In this industry brimming with both opportunities and bubbles, wealth comes and goes quickly. As a new wave of wealth creation sweeps in, perhaps we should consider: what kind of incentives can truly nurture great companies?
Share
PANews2025/11/03 15:00