The appointment of Michael Selig as the new chair of the Commodity Futures Trading Commission (CFTC) has sparked positive sentiment in the cryptocurrency market, particularly boosting meme coins. DeepSnitch AI, a notable player in the sector, surged 96% during a $878,000 presale, with investors eyeing it as a potential 250x return opportunity. Meme coins like PEPE and Dogecoin have also gained traction, with Dogecoin showing potential to rise towards $0.40. The market's fear and greed index indicates increasing retail confidence, while significant whale activity is contributing to the bullish momentum across the crypto landscape.