Ripple CEO predicts US crypto boom, study shows 76% of KOLs promoted worthless meme coins, Coinbase CEO strongly endorses D.O.G.E., and more in this Week in Review.
Ripple CEO Predicts US Crypto Boom, 76% of KOLs Shilled Worthless Meme Coins, and More — Week in Review
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Week in Review
Ripple CEO Brad Garlinghouse forecasted a major U.S. crypto boom, driven by potential regulatory shifts from a seemingly friendlier SEC. A Coinwire study exposed that 76% of crypto influencers on X have promoted defunct meme coins. Coinbase CEO Brian Armstrong endorsed Elon Musk’s Department of Government Efficiency (D.O.G.E.) initiative, despite skepticism about its bold fiscal goals. Speculation grew over crypto’s potential to create the first trillionaire. Meanwhile, Microstrategy completed a $3 billion debt offering to expand its Bitcoin holdings.
Ripple CEO Predicts US Crypto Boom Amid XRP’s Explosive Growth
Ripple’s CEO predicts a seismic shift in U.S. cryptocurrency, citing potential reduced SEC oversight under Trump and surging.… read more.
Editor’s comment: Ripple has certainly been one of the early beneficiaries of a presumably friendlier SEC.
Study: 76% of X Influencers Promoted Now-Defunct Meme Coins
A Coinwire study reveals that most crypto influencers on X promote worthless meme coins, highlighting the risks… read more.
Editor’s comment: A good rule of thumb is to assume anyone on X talking about a coin is shilling their bags. For memecoins, this is an inviolate law.
Coinbase CEO Strongly Endorses Elon Musk’s D.O.G.E.
Brian Armstrong has favored the future efforts of the Department of Government Efficiency (D.O.G.E.), using Musk’s and Ramaswamy’s ideas… read more.
Editor’s comment: Many critics have already dismissed D.O.G.E.’s ability to slash $2 trillion. I remember critics of Spacex similarly rejecting Musk’s impossible goals.
The First Trillionaire Will Be Made in Crypto
History has shown that great technological shifts create vast wealth. Crypto, the next frontier.… read more.
Editor’s comment: Billionaires were built on the back of the internet. Makes sense that trillionaires will be crypto-related.
Microstrategy Completes $3B Debt Offering to Expand Bitcoin Holdings; Shares Drop 16%
Microstrategy has finalized a $3 billion convertible note offering, further bolstering its position as a leading… read more.
Editor’s comment: It’s amazing that MSTR has maintained a premium on its stock despite the alternative avenues for Bitcoin exposure.
