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 among the hottest crypto initiatives right now.
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 recently).
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 undertaking that’s usually related to felony exercise.
In Warren’s view, that is particularly regarding given Lutnik’s current nomination, which might put him ready of extraordinary energy.
Lutnik can be a fan of Bitcoin and invoked Bitcoin’s halving cycles and lack of centralization as the 2 most important causes. He additionally expressed his intention to help Bitcoin’s bid to change into as widespread and simple to commerce as gold:
‘Bitcoin is like gold and needs to be free commerce in every single place on this planet. And because the largest wholesaler on this 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 this planet with out exception and with out limitation.’ he stated on the Bitcoin 2024 convention in Nashville in July 2024.
Coverage-wise, Lutnik helps Trump’s tariff plans and acknowledged that the concept tariffs would result in inflation was “nonsense.”
Howard Lutnik’s nomination is sure to pressure the crypto market right into a bullish state, which implies that is the precise time to search for one of the best presales accessible for max good points. Listed below 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 can lead to higher scalability, reliability, and sooner transactions.
The devs supply 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 worth of $0.00164. The staking rewards include an APY of 182%, so it’s an excellent alternative to get in earlier than the subsequent worth improve (35 hours left).
2. BTC Bull Token ($BTCBULL) Provides Free Bitcoin Airdrops to Holders
BTC Bull Token ($BTCBULL) capitalizes on Bitcoin’s historic success and plans to help 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 worth milestones ($150K and $200K), together with an enormous $BTCBULL airdrop when Bitcoin will attain $250K. This comes along with the 185% APY reward for stakers who purchase within the presale stage.
The undertaking has additionally carried out a token burn mechanism, additionally linked to Bitcoin’s worth 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 pressure, with $2.3M raised to date and a token worth of $0.00237. The staking pool grows quick (570M presently), so the sooner you take part, the upper the ROI.
3. MIND of Pepe ($MIND) Provides 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 frequent throughout the crypto group. However Thoughts of Pepe ($MIND) is greater than an AI device, 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 acquire 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 presently 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 gathered over $6,5M to date with a token worth 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 Sizzling New Successor
Thriller the Frog ($MYSTERY) is one other meme undertaking paying homage to Matt Furie’s universe. “The Evening 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 good points. And with a 773% worth improve since launch, $MYSTERY should have gasoline left in its tank.
The Bull Is Chomping on the Bit
Howard Lutnik’s nomination as the pinnacle of the Division of Commerce, throughout the context of the primary pro-crypto dispensation below Trump, might assist set off one other bull run out there.
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.
Needless to say this isn’t monetary recommendation. DYOR (Do Your Personal Analysis), diversify your portfolio, and solely make investments what you afford to lose.