This Week On Crypto Twitter: Twitter Payments Rumors, Donald Trump Fuels Meme Coin Rise

The Bitcoin spot ETF hangover has dissipated, and the tall, frothy mug of Ethereum spot ETF buzz remains to be being poured, leaving loads of house on the crypto bar for speaking, arguing, and the occasional brawl.

We have been in all probability overdue for an Elon Musk-related pump, and the eccentric tech mogul not directly delivered on Monday when a brand new gold checkmark-toting Twitter account popped up with the username @XPayments. It was found shortly after Musk once more teased that he was constructing “the every little thing app.”

Crypto Twitter was whipped right into a frenzy over the likelihood that the X app would help transactions in Dogecoin (DOGE) and Shiba Inu (SHIB)—a risk conjured out of complete material, thoughts you—sending the 2 meme tokens skyrocketing. Dogecoin’s spike was the very best each day value since April 3, 2023, however nonetheless falls wanting the $0.1 mark it achieved on its tenth anniversary final yr.

In the meantime, there have been airdrops a a lot as initiatives jumped on the “free cash” bandwagon, most providing incentives to each long-term true believers and crypto curious newbies. So prevalent have been such token giveaways, nonetheless, that alarm bells over potential scams have been practically as plentiful.

The character of blockchain permits anybody to ship a token—authentic or not—on to your pockets. At greatest, this implies a little bit of a large number for digital neat freaks. At worst, a rip-off may very well be simply added to your assortment and carry varied tips and hacks to get customers to work together with it.

The irresistible pitch of Palworld—higher generally known as “Pokemon with weapons”—additionally received the tweets flowing this week, and even Pokemon trustworthy have been discovering traction with the wacky crypto knockoff.

The extra widespread conclusion, nonetheless, was that authorized motion over the apparent spinoff was inevitable.

If imitation is the sincerest type of flattery, nonetheless, Nineties-era recreation Dragon Warrior—now Dragon Quest—is hopefully feeling very flattered.

The resurgence of NFTs of each the standard and Bitcoin Ordinals selection, in the meantime, is not kid’s play. New initiatives have drawn rich backers, landed high-end companions, and are exploring extra of the 5 senses.

Lastly, regardless of his authorized woes, Donald Trump continues to Donald Trump, just lately fueling debate within the crypto house with an apparently newfound disdain for central financial institution digital currencies (CBDCs).

And regardless of the previous president’s incapacity to maintain NFT collections, degens are throughout Trump-inspired meme tokens: $DONALD, $TRUMP, $MAGA… And lots of of them are at battle with one another.