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 backstage, AND why do they wish to mess with the market?
On this week’s Really feel Good Friday, there’s an entire 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 underneath 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 quick: 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 area.
We’re just about all depending on him to pump our luggage in 2025. Effectively, partially. Bitcoin will perferom regardless of who’s president, proper?
The timing of all this aligns with a surge in Bitcoin ETF exercise, bolstered by current regulatory nods for spot Bitcoin funds.
New Pepe Airdrop: What You Must Know
So I awoke this morning and noticed “Pepe Airdrop” was trending.
“Why” I believed. I’m fairly within the know. I work as a journalist, I take heed to hip new artists like The Temptations. How might I miss this airdrop. Effectively, it’s a rip-off.
There isn’t any Pepe Airdrop. Watch out on the market. Scams are nonetheless as ubiquitous as broke Gen Z younger adults.
It’s 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, regardless of how affable or in some circumstances, coercive, by no means share any of your personal info 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 gives so many classes. Simply keep in mind, there are at all times individuals keen to make the most 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 basically mentioned 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 arduous to carry out in Trump 2.0 resulting from his manic, but nonetheless surprisingly efficient, administration.
With new SEC chair Hester Peirce on the helm, the SEC job drive is poised to maneuver crypto regulation from murky to manageable. Its mission is to craft usable guidelines for digital property underneath SEC jurisdiction, set up workable registration pathways, and simplify compliance for the business.
“The SEC has instruments that it hasn’t utilized successfully up to now. This job drive represents a course of to start out actual conversations about regulation,” mentioned Kristin Smith, CEO of the Blockchain Affiliation.
Peirce likened earlier efforts to a nightmare street journey, slowed down by “enforcement brakes” and aimless wandering. She guarantees a extra outlined course this time.
So, we’ll see. David Sacks might 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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