Right now in crypto, California Governor Gavin Newsom says his deliberate memecoin is supposed to reveal the absurdity of Trump’s crypto ventures, crypto social media exercise suggests doubtlessly extra draw back forward for the market. In the meantime, Eric Trump predicts $1M BTC.
California governor teases ‘Trump Corruption Coin’ in jab at MAGA memecoins
California Governor Gavin Newsom has teased plans to launch a “Trump Corruption Coin” as a direct response to Donald Trump’s controversial involvement in crypto, particularly by memecoins.
Talking on the “Pivot” podcast, Newsom, a Democrat, stated the deliberate memecoin, named explicitly after Trump’s alleged scandals, is a part of his broader “Marketing campaign for Democracy” initiative, with proceeds from the coin going towards redistricting efforts and voter outreach.
“We’re about to place a meme coin out,” Newsom stated through the interview. “And you understand what, Donald Trump? We’ll see how nicely your coin does versus our coin.” When requested if it will be referred to as a “Gavin Coin,” the governor replied: “No, it’s Trump Corruption Coin.”
“We’re simply making an attempt to show up the warmth and tune individuals into the absurdity,” he added. “This is without doubt one of the nice grifters of our time,” Newsom stated of Trump. “None of that is regular.”
Crypto ‘purchase the dip’ calls are spiking, which can sign extra draw back
The rising variety of “purchase the dip” calls following Bitcoin’s 5% drop over the previous week may sign extra draw back forward for the crypto market, in accordance with sentiment platform Santiment.
“Clearly, total, within the markets, persons are getting antsy and looking for some entry spots now that costs have cooled down a bit,” Santiment analyst Brian Quinlivan stated in a video revealed on YouTube on Saturday.
Santiment stated in a separate report revealed on the identical day that social media mentions of “purchase the dip” have elevated considerably amid the crypto market downturn, which can be a warning signal for the market.
“Don’t interpret ‘purchase the dip’ chatter as a definitive backside sign. A real market ground typically coincides with widespread concern and a scarcity of curiosity in shopping for,” Santiment stated.
Eric Trump says “no query” BTC goes to $1 million
American Bitcoin (ABTC) co-founder Eric Trump took the stage on the Bitcoin Asia 2025 convention in Hong Kong and informed the viewers that Bitcoin (BTC) goes to hit $1 million within the subsequent a number of years.
“There is no query that Bitcoin hits $1 million,” Trump informed the viewers on Friday. Trump stated that extra savvy monetary buyers, together with establishments, sovereign funds, and rich households, are all shopping for BTC. He added:
“You’ve got acquired nation states which are shopping for the hell out of Bitcoin. You’ve got acquired Fortune 500 firms which are shopping for the hell out of Bitcoin. You’ve got acquired the most important households, you have acquired the most important firms on Earth that consider on this digital retailer of worth. All people needs Bitcoin. All people is shopping for Bitcoin.”
The value of Bitcoin continues to be debated amongst buyers, trade executives, and analysts, with a number of analysts additionally calling for seven-digit BTC costs as a result of ongoing fiat foreign money inflation worldwide.
