Former President Trump will host two lucrative cryptocurrency dinners, one costing $1.5 million per attendee, raising concerns about potential conflicts of interest. These events coincide with Trump’s promotion of cryptocurrencies and his stated goal of making the U.S. the “crypto capital of the world,” despite criticisms that he profits from policies he advocates. Groups like State Democracy Defenders Action and Accountable.US have voiced strong concerns about the ethical implications of Trump’s actions, citing a potentially corrupt self-enrichment scheme. The value of Trump’s memecoin, $Trump, has surged since the dinner announcements.
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Elon Musk’s recent X profile name change to “Kekius Maximus,” accompanied by a Pepe the Frog profile picture, has caused significant online buzz. This action coincided with a surge in the value of a similarly-named memecoin. While Musk offered no explanation, his past influence on cryptocurrency markets through social media posts fuels speculation about his potential involvement. The unexpected name change and Pepe image, a meme associated with far-right groups, further amplified the intrigue.
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