Rick Rieder's Probability of Becoming Next Fed Chair Rises to 58%, Emerging as Top Candidate

On January 24th, per data from LookOnChain, trader Cooker.hl spent 6 SOL (valued at $867) to purchase 16.5 million PENGUIN tokens. He later sold all of his PENGUIN holdings, netting 6.12 SOL (≈$886) — a meager profit of 0.12 SOL ($18) — but missed out on a potential $1.4 million gain.

On Jan. 24, GMGN monitoring (via [link](https://gmgn.ai/sol/token/i_m4TE56o8_8Jx8AAHj86wbQgUTjGuj6GTTL5Ps3cqxKRTvpaJApump)) shows Solana-based meme coin **PENGUIN** briefly topped a $90M market cap—now sitting at ~$84M. An address starting with `7fFCzx` spent $54k buying 15.94M PENGUIN two days ago; those tokens are now worth ~$1.3M, netting an unrealized gain of over $1.25M. The address is now the top on-chain holder, still holding all tokens (no sells yet). Data adds: This address has traded 1,000+ different tokens, with a win rate of just 14.55%.

On January 24, Neynar co-founder Rishav Mukherji published a post outlining Farcaster’s vision: Neynar will maintain the Farcaster protocol, operate the Farcaster client, and oversee Clanker’s operations. Some members of the Clanker team will join Neynar. A longstanding key infrastructure provider for the Farcaster ecosystem, Neynar’s integration represents a natural evolution after years of deep community engagement. The vision is to enable builders to turn ideas into sustainable revenue, creating a "builder-first" network. Farcaster’s core value lies in its longstanding builder community—this group has driven key innovations like Frames, Degen, and Warpcast. Farcaster’s value stems not just from its product, but from the people who experiment, share knowledge, and build openly. Neynar’s acquisition of Farcaster is rooted in the core mission of simplifying software development. At the product level, there will be no major changes to Farcaster, Neynar, or Clanker—rumors of protoc

Per AXIOS: Trump to attend summit on “Trump account” next Wednesday (Jan. 24) local time.

On January 24, CoinDesk reported that last November, Strategy launched Stream (STRE) — the first perpetual preferred stock for non-U.S. markets — in Europe, seeking to replicate its high-yield preferred stock model from the U.S. The product has a €100 face value and a 10% annual dividend, but was ultimately issued at a discount, pricing at just €80, raising approximately $715 million. Post-listing market response has been consistently lackluster. Analysts point to several structural reasons for STRE’s underperformance. First, STRE trades on the Luxembourg Euro MTF, but major brokerage platforms — including Interactive Brokers — and many retail-focused platforms do not support trading, making it hard for both retail and institutional investors to access the product. Second, the product lacks transparent historical pricing and reliable market data. Strategy has not yet released additional details on STRE’s follow-up arrangements. The market is watching whether the firm will cont

January 24 — Per GMGN monitoring, the market cap of Solana-based meme coin PENGUIN briefly topped $80 million, currently sitting at $78 million. Its current price is approximately $0.078 per token, with a 24-hour gain of 550%. This latest surge may stem from a tweet from the official White House X account stating, “Embrace the Penguin.” Subsequently, Solana co-founder Toly retweeted the post and engaged with it, sparking a sharp spike in interest in the Solana-based meme coin of the same name. Later that day at 11 a.m., a16z co-founder Marc Andreessen jumped into the conversation with a tweet. At 6 p.m. the same day, Binance Alpha added PENGUIN to its list, giving the token’s price another lift. BlockBeats notes that meme coins are extremely volatile, relying heavily on market sentiment and hype with no inherent value or practical use case. Investors are advised to exercise caution due to these risks.