Memecoins, Trump, and the Wild World of ETFs: You Won't Believe What Happens Next! 😲

In the dusty corners of the financial world, where the air is thick with the scent of ambition and the whispers of the hopeful, a curious thing is afoot. The first memecoin-based exchange-traded funds (ETFs) are inching closer to reality, like a coyote stalking its prey under the watchful eye of the new US securities regulator. Industry watchers, those modern-day prophets, have spoken to CryptoMoon, and their words echo with the promise of change.

Yet, amidst this burgeoning excitement, Cathie Wood, the oracle of ARK Invest, stands firm, declaring her disinterest in the shiny new TRUMP token. She’s got her eyes set on the big three, as if they were the last three apples on a tree in a drought. “No thanks,” she seems to say, “I’ll stick to the classics.” 🍏

TRUMP, DOGE, BONK ETF approvals “more likely” under new SEC leadership

As the winds of change blow through the hallowed halls of the SEC, the first wave of memecoin-based ETFs is gaining traction. It’s a spectacle, really, akin to a circus coming to town, with the Trump family’s memecoins drawing in the crowds like a three-ring extravaganza.

With the SEC now under the guidance of Mark Uyeda, the whispers of approval for TRUMP, Dogecoin (DOGE), and Bonk (BONK) ETFs grow louder. Dmitrij Radin, the founder of Zekret, likens this moment to a bold gamble, one that could usher in a new era of liquidity and acceptance for these whimsical tokens. “It’s like betting on a horse that’s never run before,” he quips, “but hey, it might just win the race!” 🐎

Cathie Wood won’t invest in Trump coin, will stick to the “big three”

In a recent tête-à-tête with Bloomberg, Wood mused about the TRUMP token, launched just before the man himself took the presidential stage. “This coin,” she said, “isn’t going to have any utility. The only thing it seems to offer is the chance to meet the man behind the curtain. But who needs a meeting when you can have a solid investment?”

“I don’t know if that’s the case or not, but so far, we don’t know of much utility for this coin, except that it is a memecoin of President Trump himself.”

She likened this memecoin frenzy to the wild days of 2017, when every other week brought a new initial coin offering, like a carnival barker calling out to the crowd.

Trump family may build “giant businesses” on Ethereum — Lubin

Meanwhile, the Trump family is rumored to be eyeing the Ethereum landscape, perhaps dreaming of building “giant businesses” on this digital frontier. Joseph Lubin, co-founder of Ethereum, hinted at this in a post that read like a prophecy. “The Trump administration will do what is good for the USA, and that will involve ETH,” he proclaimed, as if he were announcing the arrival of a new messiah. 🙏

US court overturns Tornado Cash sanctions in pivotal case for crypto

In a twist worthy of a courtroom drama, a US court has overturned the sanctions against the Tornado Cash cryptocurrency mixing protocol. This decision, like a sudden rainstorm in a drought, could signal a shift toward more innovation-friendly regulations. The original sanctions, which accused Tornado Cash of facilitating money laundering, have been reversed, leaving many to wonder what this means for the future of privacy in the crypto world.

“It is ordered and adjudged that the judgment of the district court is reversed, and the cause is remanded to the district court for further proceedings in accordance with the opinion of this court.”

Phemex halts withdrawals amid $29 million of “suspicious” outflows

In a scene reminiscent of a heist movie, Phemex crypto exchange has halted withdrawals after nearly $30 million worth of suspicious outflows raised alarms. The blockchain security firms are on high alert, as if they were detectives on the trail of a slippery criminal. “Over $29 million worth of digital assets have been transferred by suspicious addresses,” they reported, as the plot thickens.

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2025-01-24 22:06

Memecoins, Trump, and the Wild World of ETFs: You Won’t Believe What Happens Next! 😲