Cantor Fitzgerald CEO and billionaire, Howard Lutnik, was named the pinnacle of the US Division of Commerce yesterday, with a cut up vote of 52-45. Following the information, Lutnik instantly resigned from his place as CEO.
Let’s see what this appointment means for the crypto market as an entire and for a number of the hottest crypto tasks as we speak.
Longtime Crypto Advocate, Howard Lutnik, Takes the Reins, Regardless of Opposition
Howard Lutnik is an ardent crypto advocate, with Cantor Fitzgerald having been closely invested in Tether at a time when most international banks averted it (which seems to have modified currently).
In November 2024, Lutnik’s firm was holding most of Tether’s token reserves, which didn’t sit nicely with Senator Elisabeth Warren, who accused Lutnik of supporting a crypto venture that’s typically related to prison exercise.
In Warren’s view, that is particularly regarding given Lutnik’s latest nomination, which might put him ready of extraordinary energy.
Lutnik can also be a fan of Bitcoin and invoked Bitcoin’s halving cycles and lack of centralization as the 2 foremost causes. He additionally expressed his intention to assist Bitcoin’s bid to change into as widespread and straightforward to commerce as gold:
‘Bitcoin is like gold and must be free commerce all over the place on the earth. And because the largest wholesaler on the earth we’re going to do the whole lot in our energy to make it so. Bitcoin ought to commerce the identical as gold all over the place on the earth with out exception and with out limitation.’ he mentioned on the Bitcoin 2024 convention in Nashville in July 2024.
Coverage-wise, Lutnik helps Trump’s tariff plans and acknowledged that the concept that tariffs would result in inflation was “nonsense.”
Howard Lutnik’s nomination is certain to pressure the crypto market right into a bullish state, which suggests that is the fitting time to search for the finest presales obtainable for max positive factors. Listed below are 4 of the finest altcoins to think about proper now.
1. Solaxy’s ($SOLX) Layer 2 Chain Upgrades Solana’s Ecosystem
Solaxy ($SOLX) goals to enhance Solana’s ecosystem by fixing points like community congestion and failed transactions. This may lead to higher scalability, reliability, and sooner transactions.
The devs supply updates roughly each two to 4 weeks. The final replace applied SVM (Solana Digital Machine) into the zkVM protocol and partnered with Hyperlane to bridge Solana L1 and Ethereum L1 ecosystems.
$SOLX’s presale is booming with over $22M raised up to now at a token worth of $0.00164. The staking rewards include an APY of 182%, so it’s a very good alternative to get in earlier than the subsequent worth enhance (35 hours left).
2. BTC Bull Token ($BTCBULL) Presents Free Bitcoin Airdrops to Holders
BTC Bull Token ($BTCBULL) capitalizes on Bitcoin’s historic success and plans to assist its bullish run to a $1M appreciation. Marketed because the official Bitcoin meme coin, BTC Bull Token gives juicy rewards to holders.
Bitcoin airdrops are deliberate for key Bitcoin worth milestones ($150K and $200K), together with a large $BTCBULL airdrop when Bitcoin will attain $250K. This comes along with the 185% APY reward for stakers who purchase within the presale stage.
The venture has additionally applied a token burn mechanism, additionally linked to Bitcoin’s worth milestones. The platform will burn a proportion of the whole provide of tokens each time Bitcoin will increase by $25K.
$BTCBULL’s presale is in full pressure, with $2.3M raised up to now and a token worth of $0.00237. The staking pool grows quick (570M at present), so the sooner you take part, the upper the ROI.
3. MIND of Pepe ($MIND) Presents Unique Insights Into the Crypto Market
Using AI instruments to scan the crypto market and establish the very best new crypto tasks is frequent inside the crypto neighborhood. However Thoughts of Pepe ($MIND) is greater than an AI software, it’s an AI agent.
Which means that Thoughts of Pepe scans the market, creates social posts on platforms like X and Telegram, and interacts with potential buyers all by itself.
Traders will achieve unique insights into upcoming and promising crypto tasks, permitting them to get in early and maximize their ROI.
However rewards are available in different types too. $MIND’s staking pool is at present at 1B, which is 10% of the whole provide. Stakers are spoiled with a 350% APY and a dynamic reward system. The extra stakers and the larger their contributions, the upper the APY.
The presale has accrued over $6,5M up to now with a token worth of $0.0033587. The launch is about for Q2-Q3 of 2025, so tuning in now will maximize your returns.
4. Thriller the Frog ($MYSTERY) – Pepe’s Sizzling New Successor
Thriller the Frog ($MYSTERY) is one other meme venture paying homage to Matt Furie’s universe. “The Night time Riders” options 4 characters, the frog, the rat, the dragon, and the bat creature, and the meme market has already began capitalizing on the lore with cash like MattFurie and FloppyPepe.
With a worth of $0.000000007500 and a market cap of $3.14M, $MYSTERY might not look like a lot, however the final 24 hours disagree.
After its December 2024 launch and a juicy spike on December 24, $MYSTERY took a downward flip however nonetheless retained a lot of its positive factors. And with a 773% worth enhance since launch, $MYSTERY should have fuel left in its tank.
The Bull Is Chomping on the Bit
Howard Lutnik’s nomination as the pinnacle of the Division of Commerce, inside the context of the primary pro-crypto dispensation below Trump, might assist set off one other bull run out there.
Bitcoin and Ethereum often is the most bullish, however upcoming meme coin tasks like Solaxy, BTC Bull Token, and Thoughts of Pepe might observe the identical route.
Remember the fact that this isn’t monetary recommendation. DYOR (Do Your Personal Analysis), diversify your portfolio, and solely make investments what you afford to lose.