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Meme Index Presale to Skyrocket as SEC Approves New ETFs

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4 hours ago

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The Securities and Exchange Commission (SEC) fast-tracked Bitwise’s application for the third Bitcoin-Ethereum exchange-traded fund ($BTC-$ETH ETF) in the US.

The regulator hasn’t yet approved the ETF but might do so soon, which would allow Bitwise clients to gain indirect exposure to the two leading cryptocurrencies at once.

While institutional investors are dipping their toes in crypto through ETFs, the degen community is discovering traditional investment vehicles like indexes. Meme Index ($MEMEX) could pioneer this new trend.

Where Will the SEC Draw the Line for Altcoin ETFs?

Bitwise cleared the first resistance on the path to its ETF approval – the 19b-4 form. Now, the issuer awaits the approval of the S-1 form for the fund to hit the market.

Earlier this week, Tuttle Capital also filed for ten altcoin ETFs, including meme coins $TRUMP, $MELANIA, and $BONK.

Bloomberg analyst James Seyffart points out that ETF issuers are probing the SEC’s boundaries. The SEC has already greenlit Canary Capital’s $LTC ETF, so the question is – where will regulators draw the line?

Meanwhile, Bitwise believes the new pro-crypto administration and launch of new ETFs will extend the bull run well into 2026.

The rapid growth of the $BTC ETF sector is a good case in point.

The first spot $BTC ETFs by BlackRock, Fidelity, and Grayscale were approved in January 2024. A year later, there are 12 US $BTC ETFs with total cumulative inflows of $40.18B.

Yesterday’s $BTC ETF inflows alone amounted to $588M, with BlackRock’s IBIT ETF leading the charge ($321M).

US $ETH spot ETFs also recorded $67.77M inflows yesterday, bringing the total inflows to $2.73B.

BTC ETF inflows

Partly due to the accelerated institutional adoption driven by ETFs, $BTC rose 143% year-to-date and now trades at $$104K.

If the SEC were to approve altcoin ETFs, the entire crypto market would surge due to added legitimacy and accessibility.

Meme Index ($MEMEX) Brings Tried and Tested Wall Street Tools to Meme Coin Trading

While the Wall Street guys explore crypto through ETFs, degen traders tap into stock market products like indexes.

Meme Index ($MEMEX) resolves the two main hurdles of meme coin investors – finding promising coins and managing risk.

It introduces four meme coin indexes that cater to different risk appetites: Titan (the least volatile), Moonshot and MidCap (mid volatility), and Frenzy (high-risk, high-rewards assets).

Meme Index presale

The meme coin market cap amassed $100B. New tokens enter the arena every day, and the leaderboard can change in the bat of an eye. That’s why putting all your hard-earned money into one project isn’t the best strategy.

By investing in eight tokens instead of one, you spread risk and offset potential losses, thus enjoying higher average returns.

Ultimately, $MEMEX proves that traditional finance and crypto can coexist and take a page or two out of each other’s books.

Early adopters have already invested $3.1M in the $MEMEX presale and staked 139M tokens at a 718% dynamic APY.

One token now costs $0.0157183, but the price will increase in less than a day. This means now is the best time to secure your share of $MEMEX before it launches on tier-1 exchanges at a higher price point.

Beyond providing access to Meme Index baskets, the $MEMEX token gives its holders governance rights to steer the project’s direction.

Crypto’s Coming of Age

The lines between old-school finance and crypto are blurring.

The SEC’s warming up to crypto ETFs – it has already said yes to $BTC and $ETH, so altcoins and even meme coins could be next. This means Wall Street is finally taking crypto seriously.

And with projects like Meme Index, we see degens embracing the tried and tested investment strategies.

All of this means one thing – there’s no way of stopping the crypto train.

However, remember to DYOR before investing in any project. Even the broader bull run and strong project fundamentals don’t guarantee returns.



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Grayscale Launches Dogecoin Trust, DOGE ETF Next?

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25 minutes ago

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January 31, 2025

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Asset manager Grayscale has announced the launch of its Dogecoin Trust, a fund that will provide institutional investors with exposure to the foremost meme coin DOGE. This move has also raised the possibility of the asset manager filing for a DOGE ETF at some point.

Grayscale Launches Dogecoin Trust

In a press release, Grayscale announced the creation and launch of its Grayscale Dogecoin Trust. The asset manager stated that this fund will offer investors the opportunity to gain exposure to DOGE, the native coin of the Dogecoin network.

The firm further remarked that it believes the top meme coin has transitioned from a meme coin of a Shiba Inu to a tool for “global financial inclusion, grassroots activism, and a viable means of payment.” The asset manager added that due to its widespread accessibility, affordability, and rapid transaction speeds, DOGE has gained significant adoption worldwide.

Grayscale mentioned that the Trust is now open for daily subscription by eligible individual and institutional accredited investors. The firm noted that the fund functions like its other single-asset investment trusts and is solely invested in DOGE, the native coin of the Dogecoin network.

Meanwhile, this launch comes just a day after the asset manager filed for a Spot XRP ETF with the New York Stock Exchange (NYSE). The firm plans to convert its XRP Trust to an ETF, which will list and trade on the NYSE.

A Spot ETF Next?

Grayscale’s launch of the Dogecoin Trust has raised the possibility of the asset manager filing for a Spot DOGE ETF at some point. In an X post, Nate Geraci, the President of the ETF Store, also predicted that the firm would file for this DOGE ETF.

He asserted that the “obvious plan” here is to ultimately convert the Trust to an ETF. He added that the launch of the Trust allows the asset manager to test out demand and get a head start on accumulating assets.

Bloomberg analyst Eric Balchunas also agreed with Geraci, stating that the move is an attempt for the asset manager to “cut line,” in terms of trying to get an approval from the SEC for a DOGE ETF.

It is worth mentioning that Grayscale has taken this approach with all the Spot crypto ETFs it currently offers and prospective ones. The asset manager simply convert its Bitcoin and Ethereum Trust to spot ETFs. Meanwhile, the firm is currently looking to convert its XRP, Solana, and Litecoin Trusts to spot ETFs.

In the meantime, REX Shares and Bitwise remain the only asset managers to have filed to offer a Dogecoin ETF with the US SEC. REX Shares submitted its application last week while Bitwise just filed its S-1 for this fund three days ago.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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New Bitcoin Meme Launchpad to Turn Altcoins From $500 to $50K

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1 hour ago

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January 31, 2025

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Capitalizing on Pump.fun’s unwavering success, a new Bitcoin meme launchpad dubbed Odin.fun was launched yesterday. 

Pump.fun is one of the fastest-growing Web3 protocols, having attracted $100M in revenue in just seven months.

Odin.fun, however, is solely focused on casting a light on Runes tokens, which are pretty much Bitcoin-based meme coins but with technical perks. 

Bitcoin diving into the estimated $91B meme coin market is a strategic move. Plus, it shows a hopeful outlook for meme coins – especially ones with utility, like $WEPE and $SOLX.

1. Wall Street Pepe ($WEPE) – Offers Exclusive Trading Insights, Captures $65M on Presale

Wall Street Pepe ($WEPE) has caught the eye of many, already capturing over $65M on presale despite one coin only costing $0.0003665. 

Investors are flocking to the presale to grab a slice of $WEPE before it goes live on crypto exchanges, anticipating significant success. 

Wall Street Pepe has raised $65M on presale
Source: Wall Street Pepe (X)

Suggesting it has even brighter days ahead, $WEPE’s success mirrors $PEPU, another frog coin with a cheeky green face, which raised $70M on presale. Following CEX listings, it’s jumped 37% since yesterday. 

$PEPU is the backbone of an L2 network that offers double-staking rewards. What sets $WEPE apart, however, is that it gives token holders a leg up in crypto trading by providing them with exclusive industry insights. 

Considering that $WEPE has 16 more days until the presale ends, it has the time to surpass $PEPU’s success.

Making the coin all the more appealing to buy, $WEPE holders can earn token rewards by sharing their successful trading experiences, of which 15% of the token’s total supply is set aside. 

2. Solaxy ($SOL) – L2 Network Designed to Address Solana’s Painpoints

Solana meme coins have been attracting significant attention, as evidenced by the market cap for Solana tokens hitting $17B.

Donald Trump launching his own Solana meme coin, $TRUMP, is attracting more eyes to the network. Despite going live less than two weeks ago, the coin that celebrates his presidential win already surpasses a $5B+ market cap. 

But there’s an issue. During peak times, Solana is no stranger to congestion woes, which causes slow processing times and failed transactions. 

Luckily, this is where $SOLX comes in. It’s the gateway into Solaxy, the world’s first Solana Layer-2 (L2) network designed to resolve Solana’s issues by offloading transactions to a side chain. 

Solaxy Solana Layer-2 network
Source: Solaxy

Solaxy’s utility has never been more important, as reflected in $SOLX having already snagged $16.5M on presale. 

Investors are also drawn to buy $SOLX (currently at just $0.00162) because it can be staked at a tremendous 250% APY.

Considering its price is anticipated to rise to $0.032 by the end of this year, now’s a prime time to get involved. 

3. LOFI ($LOFI) – Community Meme Coin Focused on Environmental Stability

Up by over 27% since yesterday, $LOFI is making waves in the meme coin arena over its unwavering support of environmental and social causes. 

Ultimately, it brings together a strong community that cares about environmental stability through content and collaboration on Sui. 

Leveraging the Sui blockchain points to a promising future for $LOFI. The network’s TVL has witnessed significant growth, doubling since October 2024 (from around $5B to $10B). 

The Sui blockchain’s TVL on DeFiLlama
Source: DeFiLlama

So does $LOFI’s price, which has risen by a whopping 797%+ since last year, bringing its market cap to a commendable $86M+. 

The most popular crypto exchanges for buying $LOFI include MEXC, LBank, and Cetus. 

4. Best Wallet ($BEST) – First Ever Crypto Wallet to Feature Presale Tokens

As crypto adoption rises (especially in the US following Trump’s new crypto-friendly regulations), so does interest in reliable digital asset storage solutions. 

Best Wallet is a go-to option for crypto fanatics who want to buy, sell, and trade crypto on its user-friendly mobile app. 

 It’s on a mission to capture 40% of the $11B non-custodial wallet market by supporting presale projects and, soon, 70 major blockchain networks – both of which sets it apart from major competitors, even MetaMask. 

$BEST holders are given unrivaled benefits in the crypto wallet, including lower transaction fees, high staking rewards, and community governance.

Best Wallet token benefits
Source: Best Wallet Token

Better still, it costs just $0.0238 to buy $BEST and reap the benefits. 

5. Pups Bitcoin ($PUP) – One of the First Bitcoin Tokens to Transition to Runes

The Bitcoin meme launchpad, Odin.fun, is already attracting notable attention to Runes coins. $PUP has jumped by over 19% since yesterday, when news about its debut broke out. 

The trading volume for Runes coins has increased by 63% since yesterday, suggesting a thriving future for such coins.

$PUP was originally a BRC-20 token standard but later transitioned to a Runes standard. Casting a light on it as being one of the first of its kind to experience the switch. 

It’s primarily driven and managed by its token holders, designed to spread happy vibes across the crypto sphere and promote world peace through art and community engagement. 

One $PUP currently costs around $0.055. As the Bitcoin meme launchpad attracts more attention, it might continue spiking, suggesting now might be a profitable time to buy. 

Bitcoin Meme Launchpad Suggests a Profitable Time for Meme Coins

As the Bitcoin meme launchpad continues to capture attention, meme coins are poised for notable growth. 

Investors wanting to turn $500 to $500K might find profitable opportunities in meme coins on presale (while their prices are currently low-cap before going live). 

Acquiring Runes tokens like $PUP alongside the news of Odin.fun’s launch might also have high-profit potential. 

Still, it’s vital to know this isn’t investment advice. You must always DYOR before buying any type of meme coin and never invest more than you’d be sad to lose. 



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Virtuals Protocol Secures Major Listing, VIRTUAL Coin Shoots Over 20%

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2 hours ago

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January 31, 2025

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VIRTUAL, the native cryptocurrency of Virtuals Protocol, secured a major listing on the Upbit exchange today. The news was enough to trigger a 20% surge in VIRTUAL price along with a 107% pump in the daily trading volume moving to $345 million. As a result, the fully diluted valuation (FDV) of the digital asset has now soared past $2.34 billion.

Upbit Announces Virtuals Protocol (VIRTUAL) Trading Support

South Korea’s popular crypto exchange Upbit has announced its support for the trading of Virtuals Protocol (VIRTUAL) tokens in KRW, BTC, and USDT trading pairs. The development has offered a major liquidity boost to the digital asset while driving VIRTUAL price higher.

Virtuals Protocol deposits will only be supported via the VIRTUAL-Base network. Upbit has warned users to confirm the network before initiating deposits, as transactions on unsupported networks will not be processed and may face prolonged refund procedures. Additionally, Ubit announced that it will only allow transfers from verified VIRTUAL asset operators or personally authenticated wallet addresses.

In order to ensure some market stability and prevent FOMO, Upbit exchange has also introduced some trading restrictions for the first five minutes after trading begins. Furthermore, it facilitated only limit-orders during the first hour.

A Go-To Platform for AI Agents

Virtuals Protocol is a blockchain project that enables co-ownership of AI agents, primarily for gaming and entertainment applications. By tokenizing AI agents, users can co-own these digital entities similar to holding equity in a company.

The platform supports the creation of AI agents, governance participation, and ecosystem engagement through the VIRTUAL token. Use cases include liquidity pairing, AI agent token purchases, payments, and governance activities. As recently reported, the Ethereum-based Virtuals Protocol is also looking for an expansion to the Solana blockchain network.

VIRTUAL Price Skyrockets Following Upbit Listing

Soon after the Upbit announcement, the VIRTUAL price shot up by 20% surging past $2.50 with its market cap surging past $1.5 billion. Also, the daily trading volume has shot up by 107% suggesting strong bullish momentum. The Coinglass data shows that the VIRTUAL futures open interest has surged by 15% to more than $211 million.

Popular crypto analyst Satoshi Flipper noted that VIRTUAL price has broken out of the descending channel pattern. This sets the stage for a further VIRTUAL rally to its previous all-time high of $5.0 and beyond.

Source: Satoshi Flipper

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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