Plus: Phishing assaults goal Ledger customers
GM. On daily basis’s a smoothie right here on the Day by day Squeeze – we mix crypto’s wild fruits right into a sip-worthy combine.
🗣 Talks about strategic Bitcoin reserves are getting louder throughout the globe.
🍋 Information drops: scammers are concentrating on Ledger customers, Joe Biden helps a ban on inventory buying and selling for members of Congress + extra
🍍 Market taste at present
Crypto is sort of a recreation of Jenga – each transfer looks like life or dying, gamers are sweating, each block provides to the drama, nevertheless it’s all nonetheless hella thrilling 🎲
The Worry and Greed Index is at 81, so we’re nonetheless bathing in that Excessive Greed glow.
Bitcoin smashed a brand new all-time excessive above $108K, nevertheless it’s taking a breather now. Looks like traders are taking part in it protected forward of an anticipated hawkish Fed charge lower later at present.
However there’s one other story unfolding behind the scenes – one which’s much less about every day value ticks and extra about legacy. Bitcoin ETFs noticed $493.9M in inflows yesterday, formally overtaking gold ETFs in property beneath administration. Let that sink in: Bitcoin ETFs simply launched this 12 months, whereas gold’s had a 20-year head begin.
And the ETF recreation would not cease there. In accordance with Bloomberg’s Eric Balchunas, the crypto ETF lineup is about to get even spicier in 2025. Subsequent up? A Bitcoin + Ethereum combo ETF, then possibly Litecoin, HBAR, and additional down the road, names at the moment beneath regulatory scrutiny like XRP and Solana.
In the meantime, retail remedy is alive and nicely. November retail gross sales rose 0.7%, constructing on October’s uptick. Translation? Shoppers are nonetheless spending, exhibiting the financial system’s holding regular even with inflation nonetheless lurking. Why does this matter for crypto? A powerful financial system typically retains investor sentiment upbeat, which might spill over into riskier property like crypto. When folks spend, they have an inclination to take a position, too.
So yeah, the upper we climb, the cooler the view (till one unsuitable transfer sends the entire thing crashing, Jenga-style) 🧱
🥝 Memecoin harvest
Some cryptos need to change the world, however these are simply right here for the vibes – and so they’re killing it at present:
Title
Market Cap
Unicorn Fart Mud UFD
▲30K%
$35M
Pepe Unchained PEPU
▲61%
$177M
Memes AI MEMESAI
▲30%
$95M
Fartcoin FARTCOIN
▲23%
$903M
Information as of 08:40 AM EST.
Take a look at these memecoins and lots extra right here.
We have already spilled the tea on how the world is slowly waking as much as crypto’s potential (for those who missed it, catch up right here and right here).
However you realize what? THEY. JUST. KEEP. COMING. And we’re consuming it up 😋
Listed below are the newest additions to the roster:
1/ EU
Sarah Knafo, a member of the European Parliament, is just not f*cking with the European Central Financial institution’s digital euro plan since she sees it as “totalitarian temptations.”
Her pitch as an alternative? A strategic Bitcoin reserve for the EU.
2/ Ohio
Home chief Derek Merrin needs to provide Ohio’s treasury a makeover – he dropped the Ohio Bitcoin Reserve Act.
The concept? Give Ohio’s treasury the authority to carry Bitcoin as a hedge towards the greenback’s devaluation.
Whereas the invoice was launched late within the present session and prolly will not transfer ahead simply but, Merrin expects it to put the groundwork for the following legislative session beginning in January 2025.
Do you perceive? 😈 Bitcoin is not only a speculative asset anymore – it is being seen as a instrument for financial technique and monetary resilience.
However make no mistake: that is nonetheless the warm-up act, folks. When you’re studying this now, congrats – you are still early.
🍋 Information drops
🚨 Phishing scammers are on the hunt, concentrating on Ledger customers with faux help emails. They faux there’s been an information breach and push customers to “safe” their wallets by handing over their seed phrases – do not fall for it!
⛔️ President Joe Biden’s on board with banning inventory buying and selling for members of Congress. He identified that in his 36 years as a senator, he caught to his wage and did not contact the inventory market – to maintain issues honest.
💰 Richard Ptardio, a parody account on X, turned memes into cash for trigger. After being despatched 700M PTARDIO tokens, they donated $69K value of ’em to Save the Youngsters.
🇰🇵 The US Treasury and UAE teamed as much as crack down on North Korea’s crypto laundering schemes. Sanctions hit two Chinese language nationals and UAE-based Inexperienced Alpine Buying and selling for serving to fund North Korea’s WMD and missile initiatives.
🤝 Crypto.com CEO Kris Marszalek had a sit-down with US President-elect Donald Trump at Mar-a-Lago in Florida. Coincidence or not, the identical day, Crypto.com determined to drop its lawsuit towards the SEC.
🍌 Juicy memes
