Key takeaways
- The U.S. SEC has approved a spot Bitcoin and Ethereum ETF.
- The iDEGEN presale ends in 25 days, with nearly $19 million raised.
SEC Approves Bitwise’s Bitcoin and Ethereum ETF
The United States Securities and Exchange Commission (SEC) has approved the launch of the Bitwise Bitcoin and Ethereum exchange-traded fund (ETF). The fund gives investors exposure to both spot bitcoin (BTC) and Ethereum (ETH).
This latest development comes roughly a month after the SEC approved similar products filed by Hashdex and Franklin Templeton. Hashdex’s Crypto Index ETF gives investors exposure to a basket of different cryptocurrencies. Meanwhile, Franklin Templeton intends to launch its product soon.
What is iDEGEN?
With a crypto-friendly SEC, cryptocurrency companies are now launching products for clients in the United States. An important project investors could keep tabs on is iDEGEN, as it blends the AI and memecoin narrative.
iDEGEN is a meme project that leverages the benefits of AI to create the next billion-dollar memecoin. The project is currently in its presale and will use the money raised from investors to launch several products and services.
According to the team, iDEGEN is an AI tool that primarily functions as such. It continuously evolves and adapts by leveraging community feeds on X. While iDEGEN is powered by AI, degens ultimately raise the tool.
The $IDGN token powers various activities within the iDEGEN ecosystem. Its launch as a memecoin is strategic thanks to the massive rise of this narrative in the last few days. In 2024, the memecoin ecosystem grew from a $20 billion market cap to $120 billion, representing a 500% growth within 12 months. The trajectory in 2025 is promising thanks to the recent launch of the $TRUMP memecoin by the president of the United States.
The $IDGN launch on exchanges will occur in less than a month. Once it goes live, it could become one of the best-performing coins in the broader crypto market.
In the whitepaper, iDEGEN explained that the users feed the tool their data through tweets, tags, and comments. The iDEGEN tool absorbs the post and adds it to its knowledge base; that’s how it learns. Furthermore, iDEGEN posts on X every 60 minutes and can generate and post memes.
iDEGEN’s presale approaches $19m
The iDEGEN presale continues to gain momentum as it enters the…