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This Memecoin Just Exploded 500%—What's Behind the Surge?

Hello and welcome to Crypto Intel, the twice-weekly newsletter covering the latest updates, breaking news, and exciting opportunities in the crypto world. If you’re not looking for more emails from us, just click here to unsubscribe!

Today, we're diving into a major shake-up in crypto policy that could reshape industry regulations and signal a shift in Washington’s stance on digital assets. Meanwhile, another US state is making bold moves toward Bitcoin adoption, adding to the momentum of crypto reserves.

In market trends, a leading blockchain has unexpectedly surged past Ethereum and Solana in daily fees, reflecting shifting dynamics in decentralized finance and on-chain activity. Plus, we've got the hottest gainers, upcoming token launches, and a quick DEX breakdown—let's get into it!

Regulation

📢 Trump Nominates Brian Quintenz as CFTC Chair, Signaling Pro-Crypto Shift

Former CFTC Commissioner Brian Quintenz has been nominated by President Donald Trump to lead the Commodity Futures Trading Commission (CFTC), signaling a potential regulatory shift favoring crypto innovation. Quintenz, who previously served as a CFTC commissioner from 2017 to 2021, is known for his pro-crypto stance and has since worked as the global head of policy at a16z. His nomination will go to the Senate for approval, where industry experts anticipate strong support from lawmakers aligned with the crypto sector.

Quintenz's return to the CFTC has sparked debate about the "revolving door" between regulators and the crypto industry. After leaving the CFTC, he joined a16z as an advisor and later became head of crypto policy, helping shape industry-friendly regulatory strategies. His past work includes advocating for decentralized finance and blockchain adoption, making him a well-known figure in pro-crypto policy circles. If confirmed, his leadership could drive more favorable regulations for digital assets.

Industry leaders, including Coinbase CEO Brian Armstrong and the National Venture Capital Association, have welcomed the nomination, seeing it as a step toward clearer regulatory frameworks. However, critics warn that Quintenz's deep ties to the crypto sector could lead to regulatory capture, prioritizing industry interests over consumer protections. His upcoming Senate confirmation hearing will determine whether his vision for blockchain regulation aligns with broader policy goals.

Aerospace Market (Sponsored)

Just like Tesla revolutionized the roads, one company is aiming to do the same for the skies.

With breakthrough electric aviation technology, strategic industry partnerships, and a rapidly growing market presence, this company is positioned to dominate an industry projected for massive growth.

This $3 stock is still under the radar, but as the demand for clean, electric air travel takes off, this company’s upside could be enormous.

Adoption

🏛️ Michigan Introduces Crypto Reserve Bill, Joins Growing State Trend

Michigan has proposed House Bill 4087, aiming to establish a strategic Bitcoin reserve, making it the 20th U.S. state considering state-held crypto investments. The bill, introduced by Representatives Bryan Posthumus and Ron Robinson, would allow Michigan's treasurer to allocate up to 10% of the state's general and economic stabilization funds into cryptocurrency. The legislation also proposes lending crypto assets to generate additional returns, provided it does not increase financial risks.

The bill does not specify which cryptocurrencies would be included, but it highlights secure custody requirements to protect state-held digital assets. Michigan's state pension fund already has exposure to Bitcoin and Ethereum exchange-traded funds (ETFs), reflecting growing institutional interest in crypto investments. The move follows similar legislative efforts in Texas, North Carolina, and other states looking to integrate Bitcoin into their financial strategies.

Posthumus has also floated the idea of launching a state-backed digital asset called "MichCoin," a stablecoin tied to Michigan's gold and silver reserves. While the concept is still in its early stages, it underscores the state's broader push toward blockchain adoption. With 20 states now exploring crypto reserve bills, Michigan's proposal highlights the increasing role of digital assets in government financial planning.

Blockchains

📊 BNB Chain Overtakes Solana in Daily Fees, Surpasses Ethereum

BNB Chain has emerged as the top blockchain for daily transaction fees, generating over $5.8 million on February 13—surpassing both Solana and Ethereum. This marks the first time since October 2024 that a non-Ethereum or non-Solana chain has led the industry in daily fees, reflecting a surge in activity on Binance's blockchain network. The spike in fees is largely attributed to increased decentralized exchange (DEX) trading, with PancakeSwap leading the charge.

PancakeSwap, a multi-chain DEX with its highest trading volume on BNB Chain, outperformed all other decentralized exchanges in daily trading volume on February 13. The surge in activity coincides with a broader increase in BNB Chain adoption, which has also seen it surpass Ethereum and Tron in daily active addresses. Despite this momentum, Solana still leads the industry with over 35.8 million active addresses over the past seven days.

Memecoins have also played a role in BNB Chain's rise, particularly speculative tokens inspired by Binance co-founder Changpeng Zhao's dog, Broccoli. While memecoins are often dismissed as lacking fundamental value, they have driven significant blockchain engagement. BNB Chain's 2025 roadmap includes further support for memecoins and DeFi, positioning it as a major player in the evolving crypto landscape.

Junior Mining Watch (Sponsored)

A junior mining company in Canada’s Red Lake District just announced a significant breakthrough—bringing their fully permitted mine closer to production by 2025.

With 1.65 million ounces of high-grade gold, $68M in secured funding, and the backing of mining legend Frank Giustra, this company is rapidly advancing toward its first gold pour.

Infrastructure upgrades are already underway, and as gold prices are climbing, this could be a prime opportunity to get in before production starts.

🪙 Coin Leaderboard

⚡ Crypto Pulse

The crypto market is heating up, with several tokens posting massive gains in the last 24 hours. From whale-driven rallies to fan tokens surging back to life, here are the biggest movers making headlines today. 📈

Broccoli (BROCCOLI) $0.091 (+514%)

The memecoin inspired by Binance founder CZ's dog surged exponentially after a whale bought 40 million BROCCOLI, spending $5 million.

DOGEai (DOGEAI) $0.028 (+187%)

Following multiple days of downward price movements, DOGEAI more than doubled its price in the last 24 hours.

Juventus Fan Token (JUV) $2.15 (+107%)

The fan token of the Juventus soccer team skyrocketed to over $2 after a brief period of correction.

High-Flying Growth Stock (Sponsored)

The electric aviation market is just taking off, and this company is at the forefront.

With significant revenue and strategic partnerships, this stock is poised to make a big impact.

⏩ Future Forward

Big things are on the horizon in crypto! From major industry events to upcoming token launches and airdrops, here's what's coming up next. Don't miss out! 📅

Crypto Conferences:

💎 2025 Future of Sports Web3 Panel (Feb 15, 2025)

💎 Web3 Connect Mumbai (Feb 15, 2025)

💎 Web3 Connect An Institutional Focused Forum (Feb 17, 2025)

Upcoming Airdrops:

🎁 Alpha (ALPHA) Airdrop (Feb 15, 2025)

🎁 Wise Monkey (MONKY) Airdrop (Feb 16, 2025)

🎁 Data Ownership Protocol (DOP) Airdrop (Feb 17, 2025)

Upcoming Token Launches:

🚀 SpeedThrone (SPEED) SHO on DAO Maker (Feb 16, 2025)

🚀 Hyperlane IDO on Legion (Feb 17, 2025)

🚀 Kinto IDO on Kinto (Feb 18, 2025)

Which event are you most excited for? Let us know!

🧠 Crypto Know-How

Decentralized Exchanges (DEXs)

Decentralized exchanges (DEXs) are platforms that allow users to trade cryptocurrencies directly with each other without relying on a central authority like a bank or traditional exchange. Instead of using intermediaries, DEXs operate through smart contracts—self-executing code that automatically facilitates and records trades on the blockchain.

DEXs run on blockchain networks like Ethereum, BNB Chain, and Solana, ensuring transparency and security. Since they don't require users to create accounts or deposit funds into a centralized platform, traders retain full control of their assets at all times. Popular DEXs include Uniswap, PancakeSwap, and dYdX.

Beyond simple token swaps, DEXs offer features like liquidity pools, yield farming, and decentralized lending, making them key players in the DeFi ecosystem. As blockchain technology advances, DEXs continue to evolve, offering faster transactions, lower fees, and greater accessibility for crypto traders worldwide.

Everything Else

  • Japanese energy firm Remixpoint boosted its crypto holdings by over 8,000% in nine months, mainly accumulating Bitcoin, amid a stock surge following Trump's election victory.

  • Tether acquired a minority stake in Juventus FC as part of its expansion beyond crypto, leveraging its record $13 billion in profits to invest in mainstream industries.

  • Hong Kong-based HashKey Group secured a $30 million investment from Gaorong Ventures, pushing its valuation near $1.5 billion despite China's ongoing crypto restrictions.

  • Short-term Bitcoin holders now control over 4 million BTC, suggesting the bull market still has momentum as accumulation remains below past cycle peaks.

  • Bitcoin's 200-week SMA trend indicates the bull market has more room to grow, with options market data reflecting strong bullish expectations.

That's our coverage for today; thanks for reading! Reply to this email with feedback or any cryptocurrencies you want me to check out.

Best Regards,
—Noah Zelvis
Crypto Intel