Miguel (@miguelrivera.bsky.social)

Donald Trump Eyes XRP and Solana? New L-2 Solaxy Nets $10M in Funding Frenzy The crypto market appears to be relieved following the appointment of Donald Trump as the new US President, with some investors calling it an end to four years of regulatory harassment under the Biden administration. Frank Chaparro, an early Bitcoin investor, has expressed his relief, stating that the previous administration's strict guidelines for banks to stay away from cryptocurrency businesses led to a massive debanking movement. This movement forced many startups to leave the US in search of better opportunities abroad, crippling the US crypto market and causing growth to become stagnant. However, with Trump's pro-crypto stance, analysts expect several crypto-favored laws to be passed, and there have already been early signs of this. Trump has appointed ex-PayPal COO David Sacks as the new AI and crypto czar, further solidifying his support for the crypto market. The Trump administration is expected to adopt an America-first strategy, focusing on native American assets such as Solana, XRP, and Ripple. A new Bitwise report expects Solana to surge by more than 3,000% by 2030, with its current price potentially reaching $6,636. Solana has introduced its first Layer-2 solution, Solaxy, which aims to simplify crypto investments for the average investor and address scalability issues. Solaxy has gained significant attention from meme coin investors and influencers, raising $10.8M in presales, and early investors can benefit from 325% APY staking rewards. Overall, the crypto market is expected to experience significant changes under the Trump administration, and investors are advised to do their own research and consult with financial advisors before making any investment decisions. https://www.newsbtc.com/news/trump-eyes-xrp-and-solana-new-l-2-solaxy-nets-10m-in-funding-frenzy/