Bitcoin Plus ETF, a brand new Pepe Airdrop and David Sacks, oh my!
This market, man… I simply watched a mass dump throughout all cash. It wasn’t substantial, however nonetheless. Who’s coordinating this? Who’s the mustache-twirling villain behind the scenes, AND why do they need to mess with the market?
On this week’s Really feel Good Friday, there’s a complete lotta ugly to speak about. Buckle up buckaroo.
Bitcoin Plus ETF – You Are Not Bullish Sufficient
Trump Media and Expertise Group (TMTG) is making headlines with its bid to launch a “Bitcoin Plus” ETF beneath the Fact.Fi model. Trademark filings reveal plans for ETFs, together with the Fact.Fi Bitcoin Plus ETF, signaling Donald Trump’s persistent foray into the crypto world.
Lengthy story brief: You aren’t almost bullish sufficient.
JUST IN: Utah’s #Bitcoin Reserve Invoice passes Home vote!
pic.twitter.com/2Q2jHRIOzP
— Swan (@Swan) February 6, 2025
As soon as a vocal supporter of Bitcoin throughout his campaigns, President Donald Trump’s identify carries weight on this house.
We’re just about all depending on him to pump our baggage in 2025. Nicely, partially. Bitcoin will perferom irrespective of who’s president, proper?
The timing of all this aligns with a surge in Bitcoin ETF exercise, bolstered by latest regulatory nods for spot Bitcoin funds.
New Pepe Airdrop: What You Must Know
So I awakened this morning and noticed “Pepe Airdrop” was trending.
“Why” I assumed. I’m fairly within the know. I work as a journalist, I take heed to hip new artists like The Temptations. How may I miss this airdrop. Nicely, it’s a rip-off.
There isn’t a Pepe Airdrop. Watch out on the market. Scams are nonetheless as ubiquitous as broke Gen Z younger adults.
It’s a very good time to remind you step one to avoiding crypto scams is shining a highlight on their techniques by telling your mates, household, and family members. If somebody sends you a message, irrespective of how affable or in some instances, coercive, by no means share any of your personal data or funds.
And if in case you have been scammed and fallen sufferer, as most of have at a while, there’s no level regretting the previous when it provides so many classes. Simply keep in mind, there are at all times folks keen to reap the benefits of you.
Is David Sacks Rugpulling Us Like The Pepe Airdrop?
Folks thought David Sacks of PayPal Mafia and All-In Podcast fame and his bros would lay out some kind of imminent and wonderful plan for crypto.
But, in his first press convention as Crypto Czar, all he primarily stated was, “We’re engaged on it. Give us 6 months, one thing, one thing, web of worth, web 3.0.”
Somebody really needed to kind this into the CNN chyron. pic.twitter.com/2ER8WnaRSc
— David Sacks (@DavidSacks) February 7, 2025
The market is fickle, however crypto is discovering it exhausting to carry out in Trump 2.0 as a consequence of his manic, but nonetheless surprisingly efficient, administration.
With new SEC chair Hester Peirce on the helm, the SEC activity pressure is poised to maneuver crypto regulation from murky to manageable. Its mission is to craft usable guidelines for digital belongings beneath SEC jurisdiction, set up workable registration pathways, and simplify compliance for the trade.
“The SEC has instruments that it hasn’t utilized successfully previously. This activity pressure represents a course of to begin actual conversations about regulation,” stated Kristin Smith, CEO of the Blockchain Affiliation.
Peirce likened earlier efforts to a nightmare highway journey, slowed down by “enforcement brakes” and aimless wandering. She guarantees a extra outlined course this time.
So, we’ll see. David Sacks may very well be a beacon for crypto however the jury is out. That’s all we bought for Really feel Good Friday, as at all times go contact grass this weekend.
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