Melania Trump joins her husband in backing a meme coin
Washington (AP): Melania Trump is out with her own cryptocurrency token, days after her husband and US President-elect Donald Trump launched a meme coin of his own.
The incoming first lady launched the meme coin with posts on her social media accounts on Sunday while her husband's rally was underway in Washington.
Trump's coin soared in value after it was announced late Friday, potentially boosting his net worth as he prepares to take office.
Some crypto enthusiasts hailed the Trump meme coin's release, saying it's symbolic of the incoming president's support for an industry that felt unfairly targeted by the Joe Biden administration.
Trump has promised to usher in crypto-friendly regulations and picked crypto cheerleaders for key government positions.
Critics said the Trump meme coin could be a dangerous way for special interests and foreign governments to try and buy influence with the president.
The Official Melania Meme is live!
— MELANIA TRUMP (@MELANIATRUMP) January 19, 2025
You can buy $MELANIA now. https://t.co/8FXvlMBhVf
FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P pic.twitter.com/t2vYiahRn6
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26 killed, 61 injured in blast at fireworks factory in China
Beijing (PTI): At least 26 people were killed and 61 others injured in a massive explosion at a fireworks factory in China's Hunan province, officials said on Tuesday.
The explosion occurred on Monday afternoon at the plant operated by the Huasheng fireworks manufacturing and display company in Liuyang, a county-level city under Changsha, the provincial capital.
Videos circulating on Chinese social media showed massive destruction of property spanning several kilometres.
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More than 480 rescuers, organised into five teams, have been deployed for relief operations, with three rescue robots pressed into service.
Officials said 26 people were killed and 61 others were injured. The injured have been rushed to hospitals for treatment, while a second round of search operations is underway.
China is a leading manufacturer and exporter of fireworks.
As the explosion site is located near two black powder warehouses, the rescuers have evacuated nearby residents and set up a buffer zone to prevent a secondary accident, the state-run Xinhua news agency reported.
The Ministry of Emergency Management has dispatched experts to the scene to guide rescue efforts.
The person in charge of the company has been detained by police and the cause of the accident is being investigated, the report said.
