Illustration by Mitchell Preffer for decoding
The Bitcoin Spot ETF hangover is gone, the Ethereum Spot ETF buzz is still pouring into the bubbly tall jugs, and the crypto bars have plenty of space for conversation, debate, and the occasional scuffle. is left behind.
We were probably late in receiving the Elon Musk-related pumps, but when a new Twitter account sporting a gold checkmark popped up with that username on Monday, it became clear that the eccentric tech mogul was indirectly Delivered to. @XPayments. This comes shortly after Musk once again teased that he was developing an “everything app.”
Crypto Twitter is abuzz over the possibility of the X app supporting Dogecoin (DOGE) and Shiba Inu (SHIB) trading, and just to be clear, this possibility was completely invented. Two meme tokens skyrocketed. Dogecoin's surge marked its highest single-day price since April 3, 2023, but it still fell short of the $0.1 it reached during its 10th anniversary last year.
Meanwhile, the project jumped on the “free money” bandwagon with numerous airdrops, most of which provided incentives to both long-term true believers and newcomers interested in cryptocurrencies. But because such token giveaways were so prevalent, so too were the alarm bells about potential fraud.
Due to the nature of blockchain, anyone, legitimate or not, can send tokens directly to your wallet. At best, this means a bit of a hassle for digitally inclined people. In the worst case, scams can easily get added to your collection and perform various tricks and hacks to manipulate users.
This week, an appealing pitch for Palworld, known as “Pokémon with a gun,” also made waves on Twitter, with even Pokémon enthusiasts turning their attention to the bizarre cryptocurrency imitation.
However, the more general conclusion was that legal action against obvious derivatives was inevitable.
But if imitation is the sincerest form of flattery, then the 1990s game Dragon Warrior (now known as Dragon Quest) hopes to feel very flattering.
On the other hand, the resurgence of NFTs, both traditional and Bitcoin ordinal, is no child's play.A new project has been drawn wealthy supporterswe have acquired high-end partners and are further exploring the five senses.
Finally, despite his legal issues, Donald Trump remains Donald Trump and has recently stirred up debate in the crypto space with an apparent renewed disdain for central bank digital currencies (CBDCs). There is.
And despite the former president's inability to maintain an NFT collection, Degen is all over Trump-inspired meme tokens: $DONALD, $TRUMP, $MAGA… and many of them are at war with each other doing.
