Trump’s Bold SEC Pick: A Crypto Ally?

What we’ll cover today:

📜 Crypto Meets SEC Change

🤔 Did Logan Paul Just Pull Off the Ultimate Crypto Heist?

🔥 Bonk: The Meme Coin Taking Over Crypto!

1. Crypto Meets SEC Change

The SEC might soon have a pro-crypto leader.

Teresa Goody Guillén, a blockchain-savvy lawyer, is Trump’s rumoured top pick.

Here’s why she’s making waves:

• SEC Veteran: She’s worked with the SEC and fought against it for blockchain companies.

• Pro-Crypto Stance: Advocates believe she’ll bring clarity to regulations.

• Tough Reputation: Known for being “tough as hell” yet fair.

Trump’s team is planning a regulatory overhaul:

• End heavy-handed enforcement.

• Push for light-touch rules, especially for crypto.

• Wait for clear legislation from Congress.

Gary Gensler is expected to step down soon.

Other contenders include Brian Brooks and Robert Stebbins.

The decision is expected before Thanksgiving, and the stakes are high.

Here’s the whole article

2. Did Logan Paul Just Pull Off the Ultimate Crypto Heist?

Logan Paul is under fire for alleged misconduct in crypto promotions.

The Allegations:

• Mysterious Wallets: A wallet linked to Paul reportedly made six-figure profits after his endorsements of meme coins like Elongate and Dink Doink.

• Price Manipulation: These meme coins spiked briefly before crashing, leaving fans with massive losses.

• CryptoZoo Lawsuit: His NFT game, CryptoZoo, promised profits but resulted in $4.2M in investor losses.

The Lawsuit Claims:

• Insider trading through a "stealth launch" of Zoo Tokens.

• Failed delivery of promised game features.

• Partial refunds are offered only if investors agree not to sue.

The Fallout:

• Critics accuse him of exploiting trust to profit off followers.

• Despite the backlash, Paul’s popularity and ventures like Prime Drinks remain strong.

Here’s the whole article.

3. Bonk: The Meme Coin Taking Over Crypto!

Bonk has skyrocketed over 39,000% from its all-time low.

It’s now trading at $0.0000543 with a massive $4.8 billion market cap.

Why is Bonk Making Waves?

1. Record Trading Volume

   • $3.58 billion in 24 hours, surpassing Dogecoin and Shiba Inu.

2. Global Popularity

   • Outperformed Solana and Ether on South Korea’s Upbit exchange.

3. Futures Demand

   • Futures open interest hit $51 million, showing strong trader activity.

4. Impact on Solana

   • Solana’s decentralised exchange volume soared to $43 billion in a week.

What’s Next for Bonk?

• Bullish Signs: Golden cross, rising RSI, and breaking resistance at $0.000047.

• Price Targets: Analysts predict $0.000075 as the next milestone.

• Risks: A pullback to $0.000028 is still possible.

Will Bonk redefine meme coins or fade into crypto history?

Here’s the whole article.