Like a modern-day Don Quixote, Musk charges forward, his lance pointed at the windmills of corruption and deceit. The world’s richest man, once a darling of the Republican Party, has now turned against his former allies, determined to expose the truth, no matter the cost. 💸
According to Treasury Deputy Secretary Michael Faulkender, these steps are meant to stop the misuse of stolen identities and crypto theft that funds North Korea’s missile programs. It’s a sharp pivot from giant hacks to undercover operations.
In a whimsical post on Truth Social at the despicable hour of 10:00 a.m. ET, Trump proclaimed with all the gravitas of a theatrical performer that the U.S. federal funds rate was “at least 3 points too high.” The audacity! Such a call for a 300 basis point reduction suggests a fiscal burden upon refinancing costs totalling a staggering $360 billion annually. What a delightful calculation! Within half an hour of this proclamation, one might say Bitcoin decided to don its party hat as it steadily ascended, basking in the warm glow of traders enthusiastically foreseeing liquidity anew and a risk-on sentiment that could make even the most skeptical blush.
In a notice only slightly less exciting than a wizard’s proclamation (but with more legalese), the Ministry of SMEs and Startups cheerfully declared its intention to give the “Act on Special Measures for the Promotion of Venture Businesses” a much-needed oil change. The shiny upgrade? Virtual asset trading shops and crypto brokerages can apply for venture company certification—the passport to tax incentives, creative financing plans, and development support, minus the need for a letter from Hogwarts.
This sudden change of heart has left the community in a state of bewilderment, especially considering Pump.fun co-founder Alon’s previous statements criticizing token presales and centralized listings.
The market data whispers secrets of an unusual trading pattern 🤫. Buy orders outnumber sell orders, yet large sell walls have been strategically placed at $0.459, while significant buy orders wait patiently beneath at $0.457. This tight range, paired with sizable opposing orders, hints at a game of cat and mouse 🐈🐭—possibly an effort by large holders to push the price down temporarily and accumulate more tokens at a discount 🤑.
Now, 3% may not seem like a lot to some folks, but in the wild world of cryptocurrency, it’s a veritable tidal wave. And PEPE’s price oscillated in a narrow band between $0.0000099035 and $0.0000102814, like a farmer carefully tending to his crops, waiting for the perfect moment to harvest.
Turns out, as crypto grows into something bigger than the contents of my fridge after a payday shop, so does the risk of losing it in the digital black hole of scams. Teng’s vibe was less “doom and gloom,” more “get your act together if you don’t want your Bitcoin taking an unscheduled flight.”
In a recent interview on the Fundstrat YouTube channel (because, of course, YouTube is where all the cool kids hang out 📹), Lee predicted that Bitcoin adoption is about to go stratospheric 🚀. He even thinks banks will start holding the cryptocurrency as collateral – yes, you read that right, banks! 🏦
Enter stage left: Associate Justice Minister Nicole McKee, resplendent in her armor of reform, who unveiled these majestic edicts on a delightful June morning. She promised to zero in on the criminal cabals without burdening those earnest souls merely wishing to conduct business in a world where money flows like fine wine. 🍷 Bravo!