In partnership with

Good Morning Crypto Enthusiasts!

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

1. Kanye Token Pump-and-Dump: Kanye West’s YZY token hit a $3B market cap in under an hour before crashing amid insider trading claims. Analysts flagged centralized control and links to a prior $21M LIBRA scheme, fueling concerns of coordinated manipulation.

2. Fed Governor Endorses DeFi: Fed Governor Christopher Waller urged banks to embrace DeFi and stablecoins, calling them innovative payment tools. Seen as a possible successor to Powell, he argued policymakers should focus on mechanics, not fear buzzwords.

3. 💡Feature of the Day - Winklevoss Donate $21M BTC: Cameron and Tyler Winklevoss gave $21M in Bitcoin to a pro-Trump PAC to push for favorable crypto laws.

   
   All this and more in today’s headlines!

The back office, built for founders

We’ve worked with over 800 startups—from first-time founders at pre-seed to fast-moving teams raising Series A and beyond—and we’d love to help you navigate whatever’s next.

Here’s how we’re willing to help you:

• Incorporating a new startup? We’ll take care of it—no legal fees, no delays.

• Spending at scale? You’ll earn 3% cash back on every dollar spent with our cards.

• Transferring $250K+? We’ll add $2,000 directly to your account.

Get started today.

📰 News Highlights:

Kanye Token Surges, Falls [Source][Source][Source][Source]

Kanye West’s new YZY token on Solana skyrocketed to a $3 billion market cap within 40 minutes before crashing by two-thirds amid insider trading allegations.

On-chain analysts flagged red flags, including a liquidity pool made only of YZY tokens and 87% of the supply initially held in a single multisig wallet. The setup suggested centralized control and raised concerns of a potential “rug pull.”

Despite the warnings, some crypto whales bought the dip, treating YZY as a high-risk, short-term play similar to other celebrity memecoins.

Further investigations linked wallets from the YZY launch to a prior $21 million insider scheme on the LIBRA token, suggesting coordinated manipulation.

🎁Freebie:

Download your free ebook now and take the first step toward mastering CRYPTO IN UNDER 60 MINS!

Fed Governor Backs DeFi [Source][Source][Source]

Federal Reserve Governor Christopher Waller urged bankers and policymakers to embrace DeFi and stablecoins, calling them innovative technologies rather than threats.

Speaking at the Wyoming Blockchain Symposium, he compared DeFi to traditional debit transactions, noting that both rely on digital ledgers. His comments mark a shift in tone from cautious skepticism to openness.

Waller, considered a frontrunner to succeed Jerome Powell as Fed Chair in 2026, argued that policymakers should focus on the mechanics rather than fear buzzwords.

He stressed that DeFi represents a natural evolution in payments and urged the banking sector to engage with, rather than resist, these innovations.

💡 Feature of the Day: 

Winklevoss Donate $21M [Source]

Cameron and Tyler Winklevoss donated $21 million worth of Bitcoin to a pro-Trump PAC, the Digital Freedom Fund, ahead of the 2026 midterms.

The donation of 188 BTC was symbolic, reflecting Bitcoin’s 21 million capped supply, and underscored their push for pro-crypto policies in Washington.

Their goal is to secure a Republican majority to pass favorable legislation on market structure and crypto taxes.

The twins’ growing political influence has brought them closer to Trump and White House events, though their moves sometimes clash with other crypto groups, reflecting competing interests within the industry.

😂 Crypto Meme of the Day: 

Meme of the day provided by @swc3ne_

And that’s it for this today.

See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com