What Happened in Crypto Today: Why Elon Keeps Tweeting About PNUT
Remember when everyone said crypto needed government approval to succeed?
Looks like we got more than we bargained for.
Trump's victory has been shaking things both in Washington and crypto. The market's up big time since election day, but that's not even the interesting part.
What's catching everyone's attention is how different parts of the crypto market are reacting. Bitcoin's doing its thing, sure, but Ethereum? That's where things get interesting.
The SEC's "favorite" blockchain is suddenly looking like it might break free from regulatory chains. Even Consensys's CEO is calling it a "gas-lit world" that's about to change.
And speaking of change - the whole market's showing signs of something bigger brewing. We're not just seeing typical post-halving movements anymore.
Before we unpack all of this, let's break down today's biggest crypto stories:
Ark Invest predicts major crypto policy shifts under Trump's second term. But can one president really change the game that much? đ€
Trump's team launched a department called D.O.G.E. And you wonât believe whoâs leading it! đ
PNUT token surges to $850M after Musk tweets about a squirrel meme. So why the sudden endorsement of PNUT? đ€
Bitwise launches first-ever Aptos staking ETP in Switzerland. Has this been done with any other coin globally? đ
Coinbase's new Coin50 index aims to be crypto's S&P 500. Who is eligible to invest in it? đŻ
Trump's Bitcoin Plan
Ark Invest just shared a fascinating analysis about what a second Trump presidency could mean for crypto.
The investment firm, led by Cathie Wood, sees major shifts coming in how the U.S. handles digital assets.
Trump's team is now backing a U.S. strategic Bitcoin reserve.
Circle and Kraken might finally get their shot at going public. These crypto giants have been waiting in the wings, and now their IPO dreams could become reality.
But there's something even bigger brewing. Two major crypto bills are on the table, and they could completely reshape how Americans interact with digital assets.
What are they about? Read the full story!
Government Gets a Meme-Worthy Makeover: Meet D.O.G.E.
Someone on Trump's team has a sense of humor - and possibly a thing for crypto memes.
We have all heard about the new federal department called D.O.G.E. It stands for Department of Government Efficiency, but guess who's running it? Elon Musk and Vivek Ramaswamy.
They are going after the $6.5 trillion federal budget with a deadline that's pure Americana - July 4, 2026, marking America's 250th birthday.
Musk jumped on X with his usual flair, promising to create a "leaderboard" of government waste. "This will be both extremely tragic and extremely entertaining," he posted.
But what exactly is this department about? Read the full story!
Squirrels, Politics, and a Token's Wild Rise
Sometimes crypto stories are stranger than fiction.
A six-year-old Reddit meme about a heroic squirrel just collided with presidential politics, Elon Musk's tweets, and the crypto market - creating one of the most bizarre success stories of 2024.
"The prophecy has been fulfilled," Musk posted, referencing an old meme about a grateful squirrel pledging a life debt. But this wasn't just random Musk posting - it was a calculated nod to Peanut, a social media celebrity squirrel whose story became an unexpected political flashpoint.
So why the sudden endorsement? Read the full story!
A New Way to Earn From Aptos Without Running a Node
The crypto investment landscape just got more interesting, especially if you've been eyeing Aptos.
Bitwise Asset Management just launched something that's never been done before - an Aptos staking ETP on Switzerland's SIX Exchange.
Think of it as a way to earn staking rewards without dealing with the technical hassles of running a node.
Bitwise is opening up a new frontier with APTB. The expected 4.7% return through staking might catch the attention of traditional investors looking to dip their toes into blockchain yields.
Has it been done with any other coin globally? Read the full story!
Crypto's Answer to the S&P 500
Coinbase just launched the Coin50 index - a crypto equivalent of the S&P 500. Instead of just watching Bitcoin's price to gauge the market, this index tracks 50 different cryptocurrencies to paint a more complete picture.
The breakdown is pretty interesting. Bitcoin gets half the weight, Ethereum takes 28%, then you've got Solana at 6%, XRP at 3%, and Dogecoin claiming 2%. The remaining slice gets divided among 45 other tokens.
Who is eligible to invest in it? Read the full story!
