(No hate on the FUTO team. It's their hard work and livelihood and if that's the licence they want, that's fine. This is just my personal opinion.)

If they're just trying to avoid a NewPipe situation, the licence is more heavy-handed than it has to be. NewPipe is GPLv3, which has provisions in it for preventing forks from using certain names or logos or identifying marks. The NewPipe team chose not to (or neglected to) use those specific provisions in the GPL. But it's perfectly within their right to add to the licence information "You are not allowed to use the words 'new' or 'pipe' or use the letter P stylized as a triangle in a logo. The GPL makes a provision for these sorts of restrictions to automatically void the licence even for the case where none of those things are legally trademarked. (I'm not a lawyer and it's probably an open question as to how a court would enforce that clause, but my suspicion is it's probably enough to get Google to suspend violators from the Play Store at the very least. Probably you'd want to go to the trouble of trademarking them to be safe)