Plus: Ethereum shake-up – will this actually fix things?
|
GM. Some days, crypto feels like a mystery smoothie: no idea what’s in it. We’re here to spell it out so you don’t accidentally drink something weird.
💼 Changes at the Ethereum Foundation.
🍋 News drops: “wrong number” text gone wrong, soccer legend joining the memecoin game + more
|
🍍 Market flavor today
Spring isn’t just waking up the flowers – it’s also giving crypto a bit of a cold shower (…sort of).
Even though the market is still in Fear mode, charts are looking way sunnier than they did last week (XRP, SOL, and ADA are especially feeling the love).
And, once again, Donald Trump’s the one to blame (or thank).
First, he made the crypto market flop by announcing tariffs on everyone and everything.
But now, he’s talking about a strategic crypto reserve for the US – and we’re feeling BACK again.
Yes, you read that right. Crypto, not just Bitcoin.
Two hours later, he added this:
As you can imagine, the crypto community had some thoughts.
Some, like investor Fred Krueger, support the idea of a crypto reserve.
He says the US needs fast blockchains, DeFi, tokenized assets, etc etc etc – and a broader reserve could help drive crypto innovation instead of limiting it to just one asset.
On the other hand, Bitwise CEO Hunter Horsley thinks a Bitcoin-only reserve makes the most sense.
A government reserve isn’t an investment portfolio – it should hold assets that have stood the test of time. And in crypto, Bitcoin is the only one with that kind of status.
Plus, Jeff Park, Bitwise’s Head of Alpha Strategies, believes Trump might be making a huge political mistake here.
-
Bitcoin is the most decentralized and trusted cryptocurrency;
-
Unlike most altcoins, there’s no team behind it;
-
It’s the only crypto that’s truly seen as a store of value.
So, if a government wants to build a neutral, politically safe reserve, Bitcoin is the obvious choice. Adding other cryptos might look like playing favorites – and that’s not a good look.
That said, this might also be just a classic Trump negotiation strategy.
Step 1: Start with an extreme proposal.
Step 2: Let Congress freak out and start compromising.
Step 3: Switch to a Bitcoin-only reserve – his real goal all along.
|
But yeah, for now, it’s all speculation.
Things might get clearer on Friday, tho’, when Trump hosts the first White House crypto summit. He’ll be sitting down with industry execs and the Digital Asset Working Group to talk about the future of crypto regulation in the US.
Whatever happens, stay tuned – we’ll be here to break it all down together 😉
|
🥝 Memecoin harvest
One day, you’re a joke; the next day, you’re someone’s retirement plan… 💰
Check out these memecoins and plenty more here.
|
Today, my dear reader, I will prove that I can read your mind.
Think of crypto project that’s been getting roasted a lot lately.
…
Are you doing it?
…
Focus…
…
Did you think of… Ethereum?
|
If you didn’t – hi, you’re probably new to crypto. And if you aren’t new but still didn’t think of Ethereum… uh… everybody makes mistakes, don’t @ me.
Anywayz, Ethereum’s been lagging for the past three years, and investors are… unimpressed, to say the least.
In fact, so unimpressed that they started side-eyeing the Ethereum Foundation (EF) – the organization in charge of supporting Ethereum’s development, research, and growth.
Back in January, the Ethereum community had a bit of an uprising moment – and the main message was that they wanted Aya Miyaguchi to step down as Executive Director. Investors felt that, under her leadership, the EF wasn’t doing enough to keep Ethereum competitive or scalable.
Well, the people were heard.
She’s now moving from Executive Director to President of the EF. That means she won’t be in charge of daily operations anymore but will instead focus on Ethereum’s long-term vision and external partnerships.
So, who’s filling her spot? We’ve got two co-EDs:
-
Hsiao-Wei Wang, who’s been a core Ethereum researcher for seven years;
-
And Tomasz Stańczak, someone who wasn’t part of the EF before, but is a veteran dev and has a strong track record of delivering results.
Now, the idea of two EDs running wasn’t exactly met with cheers. But Tomasz addressed the concerns:
Btw, just the fact that he’s openly communicating is already a W – considering one of the biggest complaints about the EF was its silence.
That said, when people called for Aya to step down, they actually had someone else in mind for the role: Danny Ryan, a well-respected Ethereum developer.
Obviously, Danny didn’t get the EF job – but he didn’t have to apply to McDonald’s, either. He’s now co-founding Etherealize, an initiative that aims to bring institutions into the Ethereum ecosystem.
Some argue this might actually be a better gig for him, since he’ll have more flexibility and impact minus EF bureaucracy.
Overall – big moves. Now let’s hope they translate into big improvements for Ethereum itself.
Because, trust me I’ve already tried every spell in the book – none of them worked 🧙
|
Now you’re in the know. But think about your friends – they probably have no idea. I wonder who could fix that… 😃🫵 Spread the word and be the hero you know you are! |
|
🍋 News drops
💬 US authorities are working to return $8.2M in stolen crypto to victims of the “oops, wrong number” scam. How it works: you get a friendly text, it later turns into a friendship, and before you know it, you’re investing in a crypto scam.
⚖️ The UK had its first-ever criminal case over unregistered crypto activity. Olumide Osunkoya got sentenced to four years in prison for illegally running crypto ATMs.
💸 David Sacks, the White House’s AI and crypto guy, says he sold all his crypto before Trump took office. His firm, Craft Ventures, still holds stakes in a few crypto startups, tho’.
⚽️ Ronaldinho dribbled his way into crypto with STAR10. Like any other celeb memecoin, a chunk of the supply went to insiders, but plot twist: instead of dumping, those wallets actually added liquidity to the trading pools.
🧺 North Korea’s Lazarus Group laundered another 62K ETH ($138M) from the Bybit hack. 156K ETH left to go – and at this rate, it’ll likely be gone in three days.
|
🧃 Sip of gains
BYDFi Mission’s in the buildiiiing! 🗣🔥 Yes, you’ll be earning rewards and Bits like always – but let’s not forget, these Bits actually matter.
They’re your ticket to BitDegree’s $30K airdrop, where, btw, BYDFi threw in an extra $1,000 USDC.
The game plan is simple: complete this Mission (and others), earn Bits, climb the leaderboard, and secure your slice of the prize pool.
The BYDFi stage ends next Monday – so don’t miss your shot at those extra rewards while they’re still on the table 😜
|
|
