Trump, Memcoin and a New Scandal
Here we go again. Donald Trump, the meme man and former president, is now at the center of a crypto scandal. The nonprofit Public Citizen is calling for an investigation into his involvement in the launch of the TRUMP memecoin. Their suspicions? Simple: possible illegal fundraising and ethical violations.
And, frankly, it’s not surprising. We’ve become accustomed to the idea that crypto is the Wild West, where contracts are simply thrown onto Twitter, and crowds of people rush to buy tokens without understanding what’s going on. Either NFTs, or memecoins, or some new way to circumvent the law – isn’t it fun?
MicroStrategy Drops “Micro” and Becomes Just Strategy
When you're a company known for buying bitcoin at any phase of the moon, highs, lows, rain or shine, and even if the world ends tomorrow, why do you even need a name? That's what MicroStrategy thought, and decided to get rid of "Micro." Now they're just Strategy.
A great move if the goal is to make everyone ask, "What is Strategy?" It's like Microsoft becoming just Soft, and McDonald's becoming Don's. It doesn't matter, because as long as Bitcoin is alive, MicroStrategy, or now just Strategy, will continue its "buy everything we can" policy.
OKX Launches Meme Pump – A Memecoin Hunting Service
Memecoins are like TikTok's summer trends: there are a lot of them, they're loud, and most of them are useless after a week. But OKX decided to clean up the mess and launched Meme Pump, a service that shows which memecoins are currently on the rise.
Here's how it works: Meme Pump monitors activity on decentralized exchanges and collects data on the most popular memes.
The question remains: will this help people make money, or will we just get another tool for scams?
So, what do we have?
Trump may face a showdown over crypto, MicroStrategy has decided to confuse everyone with its new name, and OKX is trying to tame memecoins. One day in the world of cryptocurrencies is like a whole season of a soap opera: unexpected turns, scandals, and total madness.
We will follow the development of events, but for now - do not forget to DYOR (do your own research), because in crypto you can either earn money or become part of someone's news.