Crypto & Blockchain Daily Brief Thursday, February 20, 2025

A meme coin called "President Milei" has been launched on the Solana blockchain by an anonymous creator. The coin is named after Javier Milei, a libertarian economist who recently ran for President in Argentina. The coin's website describes it as a "presidential meme coin" and features Milei's face photoshopped onto the body of a muscular superhero. The creator of the coin is unknown, but they have revealed that they are not affiliated with Milei or his political party. The President Milei coin is part of the growing trend of meme coins that have gained popularity in the cryptocurrency space. These coins often feature celebrity or political figures and are created as a joke or parody. Despite their humorous origins, meme coins have attracted significant interest from investors and traders, with some achieving substantial market capitalizations. The President Milei coin is built on the Solana blockchain, which is known for its fast transaction speeds and low fees. The coin's creator has stated that they chose Solana for its technical capabilities and scalability. The coin is currently listed on the decentralized exchange Raydium and can be traded with other cryptocurrencies. Overall, the President Milei coin is a lighthearted and playful addition to the world of meme coins, capitalizing on the popularity of both cryptocurrencies and political figures. While its long-term success remains to be seen, the coin has already generated buzz within the cryptocurrency community and attracted attention from those interested in both politics and digital assets.

The article discusses the potential of Solana (SOL) as an investment opportunity in the cryptocurrency market. Solana is a blockchain platform known for its high-speed transactions and low fees, making it a popular choice among developers and users. The article highlights various factors that could contribute to the growth of Solana's price in the future. One key factor is the increasing adoption of Solana by decentralized applications (dApps) and projects looking for a scalable and efficient blockchain solution. As more projects build on Solana, the demand for SOL tokens is expected to increase, potentially driving up the price. Another factor mentioned in the article is the upcoming upgrades and developments within the Solana ecosystem. These improvements, such as the introduction of new features and protocols, could enhance the platform's functionality and attract more users and developers. Additionally, the article discusses the overall bullish sentiment in the cryptocurrency market and how it could benefit Solana. With increasing interest and investment in the crypto space, SOL could experience a price surge along with other altcoins. Overall, the article suggests that Solana has the potential to be a top altcoin to buy now, based on its technology, adoption, and market trends. However, as with any investment, it is essential for investors to conduct thorough research and consider their risk tolerance before investing in Solana or any other cryptocurrency.

The U.S. Securities and Exchange Commission (SEC) has acknowledged Bitwise Asset Management's spot XRP exchange-traded fund (ETF) filing. Bitwise submitted a proposal in December to launch an ETF that would track the performance of XRP, the cryptocurrency associated with Ripple. The SEC recently published a notice on its website acknowledging the filing, which is a standard step in the agency's review process for ETF applications. Bitwise's XRP ETF proposal comes at a time when Ripple Labs, the company behind XRP, is facing a lawsuit from the SEC. The SEC alleges that Ripple conducted an unregistered securities offering by selling XRP to investors. Despite the ongoing legal battle, Bitwise appears to be moving forward with its plan to launch an XRP ETF. If approved, Bitwise's XRP ETF would allow investors to gain exposure to XRP through a traditional investment vehicle traded on a regulated exchange. ETFs are popular investment products because they offer diversification, liquidity, and transparency to investors. However, ETFs that track cryptocurrencies have faced challenges in gaining approval from the SEC due to concerns about market manipulation and investor protection. Bitwise is a prominent cryptocurrency asset manager known for its efforts to bring regulated investment products to the crypto market. The company currently offers several cryptocurrency index funds and has previously filed for ETFs tracking other cryptocurrencies, such as Bitcoin and Ethereum. The acknowledgment of Bitwise's XRP ETF filing by the SEC indicates that the agency will now begin a formal review process to assess the proposal's compliance with securities regulations.

The article discusses the potential of a meme coin called Shiba Inu (SHIB) as the best meme coin to buy that could lead the next meme coin surge. It highlights SHIB's strong community support, unique features, and recent developments that could contribute to its future success. The author points out that Shiba Inu has gained popularity due to its association with the Shiba Inu dog breed and its supportive community, which has helped drive its value up. Additionally, SHIB stands out among other meme coins due to its decentralized exchange called ShibaSwap, which offers unique features and benefits to its users. Furthermore, the article mentions recent developments such as Shiba Inu's listing on major cryptocurrency exchanges like Binance and Coinbase, as well as collaborations with popular brands like Lush Cosmetics. These partnerships and listings are seen as positive signs for SHIB's future potential. The author also discusses the overall trend of meme coins in the cryptocurrency market and how they have gained significant attention and traction among investors. With the growing interest in meme coins, the article suggests that Shiba Inu could be a promising investment opportunity for those looking to capitalize on the meme coin surge. In conclusion, the article emphasizes Shiba Inu's strong community support, unique features, and recent developments as factors that could propel it to lead the next meme coin surge, making it a potentially lucrative investment option for those interested in meme coins.

The Czech National Bank conducted a study to explore the potential impact of holding Bitcoin in its foreign exchange reserves. The study aimed to determine whether adding Bitcoin to the reserves could increase their value or help diversify risks. The results of the study indicated that while Bitcoin could potentially increase the value of reserves due to its price appreciating over time, it also carries significant risks such as high price volatility and potential regulatory changes. The study highlighted that Bitcoin's price volatility could lead to significant losses if the value of the cryptocurrency were to drop suddenly. Additionally, regulatory changes could impact the legality and usability of Bitcoin, further increasing the risks associated with holding it in reserves. The study emphasized the importance of carefully considering these risks before making any decisions regarding adding Bitcoin to foreign exchange reserves. Overall, the Czech National Bank's study concluded that while Bitcoin could potentially offer benefits in terms of increasing the value of reserves, the risks associated with the cryptocurrency are significant and should not be overlooked. The study serves as a reminder to central banks and financial institutions to thoroughly assess the risks and benefits of incorporating Bitcoin or other cryptocurrencies into their reserves before making any decisions.