Daily Crypto NewsEDITION #1028, 09 August

Trump vs. the Fed

Today in Japan, it's Hug Day. Sending you a big hug, fren. Wishing you all the best!

Now, let's briefly touch on the important stuff. After all, we value your time. Time is Moni.

What's up? 

- Trump believes the President of the U.S. should have influence over the Fed's interest rates. He's like, "I'm rich and successful. My intuition is better than your Fed's." At least that's what Bloomberg is reporting.

Yes and no.

On one hand, it's true. Trump is a very successful businessman who tends to view the world through a commercial lens, not a political one.

But on the other hand, concentrating power in one person's hands isn't such a great idea. Even if Trump is super successful with economic matters, his successor might not be.

We think it would be better if Trump focused on changing the Fed's leadership or making some personnel adjustments rather than trying to seize power.

Hopefully, Donald is reading this and will take our advice. :)

- Now you can create your own token on pump.fun completely for free!

From now on, the $2 fee is paid by the first buyer of the coin, not the creator.

Techology as it is 💜 But overall, who knows how good this will be for the narrative.

There will be more coins. So, it feels like the meme coin boom is gradually fading away.

What's next? PolitFi tokens featuring Harris and Trump? Seems like we've seen that before...