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⌐◪-◪ → The Fed is cool with Bitcoin

Federal Reserve Chair Jerome Powell just confirmed that U.S. banks are "perfectly able" to serve crypto customers, provided they manage risks responsibly.

This marks a major departure from the hostile stance we’ve seen in the past. Powell essentially said that banks are free to treat crypto risks like those of any other industry, signaling a massive vibe shift in how crypto is perceived at the highest levels of government.

He added, “Our role in Bitcoin is to look at the banks... if you’re making the choice to conduct that activity inside a bank, then you want to be very sure it’s a safe and sound activity. We’re not against innovation.”

This statement echoes the pro-innovation mindset emerging in the new Trump administration, where Operation Chokepoint 2.0 is officially dead.

We’re finally seeing a regulatory framework that welcomes innovation instead of stifling it. The vibe shift is real.

⌐◪-◪ → And another one!

Illinois has joined the Bitcoin reserve bandwagon, introducing House Bill 1844 to establish a Strategic Bitcoin Reserve with a five-year holding mandate.

This makes Illinois the latest addition to the growing list of states pushing for Bitcoin reserves since Trump took office. By now, roughly 16 or 17 states are actively pursuing similar measures, further cementing Bitcoin as a key strategic asset.

On the federal level, Senator Cynthia Lummis is turning up the heat with her national Bitcoin reserve proposal, The Bitcoin Act. She’s instilling FOMO in legislators, warning them: “If you’re not first, you’re last.”

The Bitcoin standard is unfolding rapidly: first corporations, then banks, now states. Nations will be next. The game theory is undeniable, and it’s fascinating to watch in real time.

⌐◪-◪ → Venmo co-founder joins the memecoin train

Venmo’s co-founder just launched a new social app called “Jelly” alongside a Solana-based memecoin, $Jelly.

This move highlights how memecoins are becoming a revolutionary tool for raising capital, building communities, and launching products simultaneously. Early adopters not only get rewarded but become brand ambassadors with skin in the game.

The app itself is being touted as a mix of FaceTime and TikTok, positioned as “the fastest way to post clips from a video chat.” Users can join the waitlist to start making “Jellies,” but beyond access gating, the token’s broader utility remains unclear.

While some are calling this a viral marketing stunt, others see it as a paradigm shift for product and marketing launches. Instead of traditional VC funding and eventual IPOs, tokens could redefine how apps and platforms grow from day zero.

We’ll have to wait and see whether $Jelly sets the standard for the next generation of apps—or simply fizzles out like many memecoins before it.

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