Billy Markus, co-creator of Dogecoin and known on X (formerly Twitter) as Shibetoshi Nakamoto, often engages with social issues and crypto commentary through humor and memes.
His latest tweet brings attention to both a recent Bitcoin price drop and a broader societal concern.
Markus highlighted Bitcoin’s recent decline of 7.22%, which saw its price fall from around $62,170 to $58,630. Although Bitcoin has since recovered slightly to $59,430, Markus shared a CoinDesk article with the headline, “Bitcoin drops as traders take profits,” and quipped, “You guys are taking profits?”
Following a strong week where Bitcoin rose over 11% and briefly held above $62,000, the cryptocurrency faced a pullback after comments from Fed Chair Jerome Powell about potential interest rate cuts.
In a typical blend of dark humor, Markus also tweeted, “You are not depressed; you just need 10 million dollars,” sparking a lively discussion about the impact of wealth on mental well-being.
While some agreed with Markus’s critique of income disparity, others debated the limitations of money in solving personal problems. The tweet also prompted various responses, including memes and discussions on the effectiveness of antidepressants.
BNY Mellon, the largest custodian bank in the U.S., has reportedly secured an exemption from the SEC’s Accounting Bulletin 121 for its institutional crypto custody operations.
Charles Hoskinson, co-founder of Cardano and Ethereum, has raised concerns about how former President Donald Trump and Vice President Kamala Harris approach cryptocurrency policy.
The U.S. Securities and Exchange Commission (SEC) has authorized BlackRock to offer options trading on spot Bitcoin ETFs, marking a key milestone in expanding crypto investment products.
The Bank of Canada has announced that it is winding down its efforts on retail central bank digital currency (CBDC), as per an update on its website.