Melania Trump launches cryptocurrency ahead of Donald Trump’s inauguration

Melania Trump, pictured in July 2024, has launched her own meme coin.

Leon Neal | Getty Images

Incoming first lady Melania Trump launched her own meme coin ahead of her husband’s inauguration as the 47^th president of the United States on Monday.

In a Sunday evening post on the X social media platform, she announced that investors “can buy $MELANIA now.”

The Melania token was trading at $10.98 at 09:45 a.m. London time on Monday, up nearly 50%, according to data from CoinMarketCap. It has a market cap of $2.11 billion..

Incoming White House leader Donald Trump, who will be inaugurated for the second time on Monday, also launched his own meme coin on Friday, which surged as much as 300% on its debut. By 09:47 a.m. London time, the “Official Trump” coin was down 8.5% to $52.35, according to CoinMarketCap.

This developing story is being updated.

Source

World

CNBC Daily Open: Investors don’t feel as threatened by Trump’s tariffs

May 26, 2025

U.S. President Donald Trump gives a speech, during the commencement ceremony at West Point Military Academy in West Point, New York, U.S., May 24, 2025. Nathan Howard | Reuters If U.S. President Donald Trump follows up on his threat of 50% tariffs on the European Union, he’d be imposing higher duties on America’s ally compared […]

World

Asia-Pacific markets rise as investor sentiment picks up on Trump’s EU tariffs deadline extension

May 26, 2025

Gyeonggi Province Bridge Over River With Buildings Against Sky, South Korea Jackyenjoyphotography | Moment | Getty Images Asia-Pacific markets rose Monday as investors welcomed U.S. President Donald Trump’s extended deadline on the imposition of 50% tariffs on imports from the European Union. Japan’s benchmark Nikkei 225 started the day 0.49% higher while the broader Topix index added 0.45%. […]

European insurance giants take .5 billion hit from Los Angeles wildfires — beating estimates

World

European insurance giants take $3.5 billion hit from Los Angeles wildfires — beating estimates

May 25, 2025

Financial losses stemming from the California wildfires earlier this year have risen to at least $3.5 billion for European insurance giants, according to CNBC’s calculations. The insured losses, mainly from reinsurance claims, are being borne by 10 large, listed firms in Europe, mainly centered in Germany, the U.K., Switzerland and France. Germany-listed Munich Re and […]