Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. Elon Musk Enters Politics?: Elon Musk spoke at a Trump rally on October 17, advocating for a shift in U.S. governance and criticizing excessive government spending. Although he has been linked to leading a potential "Department of Government Efficiency" (DOGE) under Trump, Musk did not confirm his involvement.

2. Pump.fun Pumping: Pump.fun announced the release of its upgraded trading terminal, "Pump Advance." An upcoming token release has garnered attention, though no launch date has been set.

3. 💡Feature of the Day - Andrew Tate Exposed: Memecoins promoted by Andrew Tate, including Roost (ROOST) and Fuck Tristan (FTRISTAN), have seen their values plummet by up to 99% shortly after launch.

   
   All this and more in today’s headlines!

📰 News Highlights:

Elon Musk Enters Politics? [Source][Source][Source][Source]

Elon Musk made a passionate case for a shift in U.S. governance at a town hall meeting supporting Donald Trump on October 17.

Speaking in Pennsylvania, Musk described the current U.S. economy as unsustainable, blaming it on excessive government spending and inefficiency. He suggested that the nation needs an overhaul in how it allocates taxpayer money.

While Musk has been linked to leading a proposed Department of Government Efficiency (DOGE) under a Trump administration, he did not commit to the role during the event, sidestepping direct questions about his involvement.

Musk's support for Trump extends beyond speeches. The tech mogul created a political action committee (PAC) called America PAC, dedicated to registering voters in key swing states.

Musk has personally contributed over $75 million to pro-Trump causes.

Pump.fun Future Token and Trading Terminal [Source][Source]

Memecoin deployment platform Pump.fun has hinted at an upcoming token release and unveiled its newly upgraded trading terminal, "Pump Advance."

During an October 19 event on X Spaces, the team behind the Solana-based platform introduced the new terminal, which offers mini-charts, data on top holders, and social indicators to aid traders in navigating the world of memecoins.

Pump.fun has faced criticism over the high failure rate of its memecoin launches, with data showing that 98.5% of prospective tokens on the platform fail to get listed on decentralized exchanges like Raydium.

Despite the high failure rate, Pump.fun continues to attract significant transaction volumes and remains popular in the memecoin community.

💡 Feature of the Day: 

Andrew Tate Exposed [Source][Source][Source][Source]

Most of the memecoins endorsed by controversial social media personality Andrew Tate have lost nearly all of their value, with some crashing by 99% shortly after their launch.

Tate had promoted over 10 Solana-based tokens, which are known for their extreme volatility and lack of intrinsic value.

A recent investigation by Coffeezilla revealed that many of these tokens experienced rapid declines following Tate's promotion, sparking allegations of insider trading and market manipulation.

Among the tokens endorsed by Tate was the Roost (ROOST) token, which suffered a 90% loss after its initial pump. The token’s treasury wallet was also hacked, leaving its community feeling scammed.

Despite this, Tate has continued to make bold claims about his influence on cryptocurrency markets, even suggesting he has the ability to manipulate prices at will.

His promotion of other tokens like Fuck Tristan (FTRISTAN) and TopG (TOPG) has led to similar results, with most of them losing the majority of their value in just weeks.

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😂 Crypto Meme of the Day: 

And that’s it for this today.

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See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com