Cantor Fitzgerald CEO and billionaire, Howard Lutnik, was named the top 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 a complete and for a number of the hottest crypto initiatives at this time.
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 world banks prevented 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 properly with Senator Elisabeth Warren, who accused Lutnik of supporting a crypto challenge that’s typically related to legal exercise.
In Warren’s view, that is particularly regarding given Lutnik’s latest nomination, which might put him able of extraordinary energy.
Lutnik can be a fan of Bitcoin and invoked Bitcoin’s halving cycles and lack of centralization as the 2 primary causes. He additionally expressed his intention to assist Bitcoin’s bid to grow to be as widespread and straightforward to commerce as gold:
‘Bitcoin is like gold and needs to be free commerce in every single place on the planet. And because the largest wholesaler on the planet we’re going to do every thing in our energy to make it so. Bitcoin ought to commerce the identical as gold in every single place on the planet 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 said that the concept that tariffs would result in inflation was “nonsense.”
Howard Lutnik’s nomination is certain to drive the crypto market right into a bullish state, which implies that is the fitting time to search for one of the best presales out there for max positive factors. Listed here are 4 of one of the best altcoins to contemplate 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 quicker transactions.
The devs provide updates roughly each two to 4 weeks. The final replace carried out 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 to date at a token value of $0.00164. The staking rewards include an APY of 182%, so it’s an excellent alternative to get in earlier than the following value improve (35 hours left).
2. BTC Bull Token ($BTCBULL) Gives 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 affords juicy rewards to holders.
Bitcoin airdrops are deliberate for key Bitcoin value 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 challenge has additionally carried out a token burn mechanism, additionally linked to Bitcoin’s value milestones. The platform will burn a share of the whole provide of tokens each time Bitcoin will increase by $25K.
$BTCBULL’s presale is in full drive, with $2.3M raised to date and a token value 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) Gives Unique Insights Into the Crypto Market
The usage of AI instruments to scan the crypto market and establish one of the best new crypto initiatives is widespread 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 traders all by itself.
Buyers will achieve unique insights into upcoming and promising crypto initiatives, permitting them to get in early and maximize their ROI.
However rewards are available different varieties 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 collected over $6,5M to date with a token value of $0.0033587. The launch is ready for Q2-Q3 of 2025, so tuning in now will maximize your returns.
4. Thriller the Frog ($MYSTERY) – Pepe’s Scorching New Successor
Thriller the Frog ($MYSTERY) is one other meme challenge 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 value 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% value improve since launch, $MYSTERY should have fuel left in its tank.
The Bull Is Chomping on the Bit
Howard Lutnik’s nomination as the top of the Division of Commerce, inside the context of the primary pro-crypto dispensation underneath Trump, might assist set off one other bull run available in the market.
Bitcoin and Ethereum stands out as the most bullish, however upcoming meme coin initiatives like Solaxy, BTC Bull Token, and Thoughts of Pepe might comply with the identical route.
Remember that this isn’t monetary recommendation. DYOR (Do Your Personal Analysis), diversify your portfolio, and solely make investments what you afford to lose.
