$SHIB HIB's burn strategy is 🔥! Key facts: 1. Vitalik Buterin burned 410T $SHIB in 2021. 2. Shibarium burns $SHIB per transaction. 3. Daily burns: millions to billions of tokens.
Bloomberg’s top ETF analyst Eric Balchunas just dropped a spicy take: A U.S.-listed Memecoin ETF could launch by 2026.
Yes, an entire ETF of dog coins, Pepe's, American Presidents and degen dreams!
Why? 👉 Active crypto ETFs are expected to kick off in late 2025 👉 Memecoins could be next, with DOGE possibly setting the precedent 👉 SEC under new leadership = more open to digital assets
Quote of the day: "Really good chance this exists at some point." — @EricBalchunas 🐕🦺
But it won’t be simple, regulatory hurdles still exist. The SEC just punted decisions on XRP, ETH, and BTC ETFs to October 2025.
Still, vibes are bullish: If DOGE gets through, other memecoins could follow. Balchunas suggests the first Memecoin ETF may use creative structures to stay within current rules.
TL;DR: Memecoins might soon have their own ETF. On Wall Street.
📅 Potential timeline: ▪️Late 2025: Active crypto ETFs arrive ▪️2026: First Memecoin ETF could hit the market
Imagine explaining this to TradFi 3 years ago. 😂
👀 What to Watch This Week: ▪️Will the ETF buzz spark fresh memecoin rotations? ▪️Any surprise SEC signals on pending crypto ETFs? ▪️New Venture Studio projects incoming (keep an eye out👾) ▪️BTC + ETH price action as we head into June
Day Trading Drama 🚨 A young kid recently launched a crypto project and pulled off a quick $30,000 rug pull on early investors. Shockingly, he wasn’t done — he launched a second coin and managed to scam another $12,000 before vanishing again. Meanwhile, here’s how the markets are moving: $JUP (JUPUSDT Perp): 0.4681 (+1.69%) BTC 105,594.04
#TrumpVsMusk As of June 7, 2025, the public feud between the U.S. President Donald Trump and Tesla CEO Elon Musk has escalated significantly, impacting political dynamics and financial markets. 📉 Financial Market Impact The feud has had tangible effects on financial markets: Tesla's stock experienced a significant decline, dropping approximately 14% and losing around $150 billion in market value. Musk warned that Trump's newly introduced trade tariffs could drive the U.S. economy into a recession in the latter half of 2025. 🤝 Prospects for Reconciliation Despite the heated exchanges, there are signs of potential reconciliation: Musk has deleted some of his more inflammatory posts and responded amicably to a White House video where Trump wished him well. A direct meeting between Musk and Trump is currently deemed improbable; however, discussions may still occur through indirect channels, as Musk is expected to engage with White House aides in the near future. The unfolding situation between Trump and Musk continues to evolve, with implications for U.S. politics and the broader economic landscape. $TRUMP TRUMPUSDT Perp 10.4 +5.21% $DOGE DOGEUSDT Perp 0.18721 +3.83% #TrumpVsMusk #Binance