Cantor Fitzgerald CEO and billionaire, Howard Lutnik, was named the head of the US Department of Commerce yesterday, with a split vote of 52-45. Following the news, Lutnik immediately resigned from his position as CEO.
Let’s see what this appointment means for the crypto market as a whole and for some of the hottest crypto projects today.
Longtime Crypto Advocate, Howard Lutnik, Takes the Reins, Despite Opposition
Howard Lutnik is an ardent crypto advocate, with Cantor Fitzgerald having been heavily invested in Tether at a time when most global banks avoided it (which appears to have changed lately).
In November 2024, Lutnik’s company was holding most of Tether’s token reserves, which didn’t sit well with Senator Elisabeth Warren, who accused Lutnik of supporting a crypto project that’s often associated with criminal activity.
In Warren’s view, this is especially concerning given Lutnik’s recent nomination, which would put him in a position of extraordinary power.
Lutnik is also a fan of Bitcoin and invoked Bitcoin’s halving cycles and lack of centralization as the two main reasons. He also expressed his intention to support Bitcoin’s bid to become as widespread and easy to trade as gold:
‘Bitcoin is like gold and should be free trade everywhere in the world. And as the largest wholesaler in the world we’re going to do everything in our power to make it so. Bitcoin should trade the same as gold everywhere in the world without exception and without limitation.’ he said at the Bitcoin 2024 conference in Nashville in July 2024.
Policy-wise, Lutnik supports Trump’s tariff plans and stated that the idea that tariffs would lead to inflation was “nonsense.”
Howard Lutnik’s nomination is bound to force the crypto market into a bullish state, which means this is the right time to look for the best presales available for max gains. Here are four of the best altcoins to consider right now.
1. Solaxy’s ($SOLX) Layer 2 Chain Upgrades Solana’s Ecosystem
Solaxy ($SOLX) aims to improve Solana’s ecosystem by solving issues like network congestion and failed transactions. This will result in better scalability, reliability, and faster transactions.
The devs offer updates roughly every two to four weeks. The last update implemented SVM (Solana Virtual Machine) into the zkVM protocol and partnered with Hyperlane to bridge Solana L1 and Ethereum L1 ecosystems.
$SOLX’s presale is booming with over $22M raised so far at a token price of $0.00164. The staking rewards come with an APY of 182%, so it’s a good opportunity to get in before the next price increase (35 hours left).
2. BTC Bull Token ($BTCBULL) Offers Free Bitcoin Airdrops to Holders
BTC Bull Token ($BTCBULL) capitalizes on Bitcoin’s historical success and plans to support its bullish run to a $1M appreciation. Marketed as the official Bitcoin meme coin, BTC Bull Token offers juicy rewards to holders.
Bitcoin airdrops are planned for key Bitcoin price milestones ($150K and $200K), along with a massive $BTCBULL airdrop when Bitcoin will reach $250K. This comes in addition to the 185% APY reward for stakers who buy in the presale stage.
The project has also implemented a token burn mechanism, also linked to Bitcoin’s price milestones. The platform will burn a percentage of the total supply of tokens every time Bitcoin increases by $25K.
$BTCBULL’s presale is in full force, with $2.3M raised so far and a token price of $0.00237. The staking pool grows fast (570M currently), so the earlier you join in, the higher the ROI.
3. MIND of Pepe ($MIND) Offers Exclusive Insights Into the Crypto Market
The use of AI tools to scan the crypto market and identify the best new crypto projects is common within the crypto community. But Mind of Pepe ($MIND) is more than an AI tool, it’s an AI agent.
This means that Mind of Pepe scans the market, creates social posts on platforms like X and Telegram, and interacts with potential investors all on its own.
Investors will gain exclusive insights into upcoming and promising crypto projects, allowing them to get in early and maximize their ROI.
But rewards come in other forms too. $MIND’s staking pool is currently at 1B, which is 10% of the total supply. Stakers are spoiled with a 350% APY and a dynamic reward system. The more stakers and the bigger their contributions, the higher the APY.
The presale has accumulated over $6,5M so far with a token price of $0.0033587. The launch is set for Q2-Q3 of 2025, so tuning in now will maximize your returns.
4. Mystery the Frog ($MYSTERY) – Pepe’s Hot New Successor
Mystery the Frog ($MYSTERY) is another meme project paying homage to Matt Furie’s universe. “The Night Riders” features four characters, the frog, the rat, the dragon, and the bat creature, and the meme market has already started capitalizing on the lore with coins like MattFurie and FloppyPepe.
With a price of $0.000000007500 and a market cap of $3.14M, $MYSTERY may not seem like much, but the last 24 hours disagree.
After its December 2024 release and a juicy spike on December 24, $MYSTERY took a downward turn but still retained much of its gains. And with a 773% price increase since release, $MYSTERY may still have gas left in its tank.
The Bull Is Chomping on the Bit
Howard Lutnik’s nomination as the head of the Department of Commerce, within the context of the first pro-crypto dispensation under Trump, could help trigger another bull run in the market.
Bitcoin and Ethereum may be the most bullish, but upcoming meme coin projects like Solaxy, BTC Bull Token, and Mind of Pepe could follow the same route.
Keep in mind that this is not financial advice. DYOR (Do Your Own Research), diversify your portfolio, and only invest what you afford to lose.