Elon Musk writes about Peanut squirrel, whose murder by the New York government was the catalyst for mass outrage before the election 🐿

Says this squirrel helped Trump win. $PNUT meme coin dedicated to this squirrel pumps by 271% and becomes the top 69 coin by market cap 🧪

📊 New US CPI data release

U.S. inflation rose by 2.6% over the past year through October, meeting expectations.

Core CPI, excluding food and energy costs, climbed 3.3% year-over-year, also as expected.

Knowing that everything is as predicted, the Fed is likely to lower the rate by 0.25% at the next FOMC 😇

BTC NEW ATH $91,000 📈🤑

Show goes on!

Spot BTC ETFs now hold more than $90 billion worth of Bitcoin 🔼

This is one of the main price drivers in 2024, for example yesterday in just 1 day net inflow in ETFs was $817 million 💰

CZ and Vitalik appeared at devcon Bangkok to watch presentations by groups like BIO, VitaDAO, ResearchHub, and HairDAO, all working on bringing science onto the blockchain 🔗

These groups want to make science more open and community-funded by using blockchain technology.

CZ mentioned that DAOs could help share science funding faster. He hopes to see thousands of new DeSci projects next year, making science more open to everyone 🧪

New meta?

If you are having a bad day, just remember that the creator of the $PNUT meme coin sold all of his tokens for a profit of $760 😞

If he would keep his bag, it would be worth more than $100 million after today's pump 😶

This token now has a market cap of $1.6 billion and is only 2 weeks old

✅ Bitcoin blasted through the $90,000 resistance level early in the U.S. trading day and then quickly pushed even higher to top $93,000, then the market corrected 🕯

Daily Digest:

🔸 BlackRock is announcing the expansion of its proprietary BUIDL to Aptos, Arbitrum, Avalanche, Optimism and Polygon chains

🔸 FBI has seized the phone and electronics of the CEO of Polymarket 👮

🔸 CZ and Vitalik appeared at devcon Bangkok to watch presentations by DeSci projects

🔸 'Bitcoin strategic reserve unlikely under Trump' says Mike Novogratz 😢

🔸 Canadian police found a body belonging to the 25-year-old crypto influencer Kevin Mirshahi in Montreal park

🔸 Anthropic CEO warns of threats posed by AI in coming years

🔸 Investment giant VanEck launches SUI-based financial product

🔹 Prices:

🥇 Bitcoin - $90,308 (↑2.1%)
✨ Ethereum - $2,881 (↓1.9%)
🧪 S&P 500 - 5,985 (↑0.02%)
🕗 DXY - 106.48 (↑0.43%)
🌉 Gold - 2,573 (↑0.02%)

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The difference between these two screenshots is two years ⏱

This is why it is so important to choose the right coins to buy and never marry your bags 😲

Dump! 🔽

Crypto market is falling, but do not despair, even in bull markets there are corrections, which usually do not last long ⏳

Buying the dip?

Yes — 👍
No — 🫡

🤑 American investment management firm VanEck predicts Bitcoin to reach $180,000 in this cycle

Today, the Pennsylvania House of Representatives introduced legislation that would allow the state to hold BTC on its balance sheet as a reserve asset 🇺🇸

The advocacy group that helped Pennsylvania lawmakers craft the Bitcoin Rights bill, Satoshi Action Fund, is also behind the new strategic reserve bill ✍️

This is probably the most important news you will read in a long time

If individual states in America start buying bitcoin for their reserves, the price of this asset will be measured in millions 📈

✅ The market is headed for a correction: Bitcoin is down 7% from its recent all-time high, and many altcoins are down double-digit percentages 🔽

Daily Digest:

🔸 UK government will introduce legislation on stablecoins and staking later this month

🔸 U.S. spot BTC ETFs had over $4.7 billion in net inflows in the past six trading days

🔸 Bitfinex hacker sentenced to 5 years in prison 👮

🔸 Man arrested in connection with $235 million WazirX exchange hack

🔸 Tether has launched Hadron, its asset tokenization service

🔸 Franklin Templeton's OnChain U.S. Government Money Market Fund can now be traded on Ethereum ✨

🔸 Mcdonald's has collaborated with Doodles NFT collection, floor price soars

🔹 Prices:

🥇 Bitcoin - $88,112 (↑1.5%)
✨ Ethereum - $3,118 (↑1.8%)
🧪 S&P 500 - 5,949 (↓0.60%)
🕗 DXY - 106.86 (↑0.36%)
🌉 Gold - 2,564 (↓0.32%)

Classic, remember this meme during market dips 🤣

President Trump’s administration reportedly plans to eliminate capital gains taxes on cryptocurrencies issued by U.S.-registered companies 😨

If enacted, this move would exempt American investors from taxes on profits gained from holding certain crypto coins.

Should it happen, this shift could drive significant capital inflows toward US-based cryptocurrencies and bolster domestic economic incentives 🧪

⚖️ 18 US states sue the SEC, alleging 'unconstitutional overreach' and unfair persecution of the $3 trillion crypto industry under the current SEC chair Gary Gensler 🙄

The attorneys general argue that the SEC’s industry-wide crackdown under Gensler has unfairly targeted cryptocurrency firms without establishing clear, consistent rules of the road for them to operate.

Bye-bye, Gensler 👋

US Senator from Wyoming and close ally of Donald Trump, Synthia Lummis, says 'BITCOIN Act' is being prepared ✍️

The bill proposes selling some of the government's gold to fund the President-elect's proposed Bitcoin stockpile. It will help the U.S. acquire 1 million BTC without increasing the national deficit 🤑

Hard Money vs. Fiat Money 🪙

Most national currencies like the USD are fiat money that governments can print infinitely. This continuous printing leads to inflation, reducing their value over time 💵

Since 1972, the real value of US dollar has dropped by more than 90%

In contrast, "hard money" like Bitcoin or gold has a limited supply that can't be easily inflated. Thanks to this scarcity, these assets tend to hold their purchasing power much more effectively in the long run 🌉

When Bitcoin is denominated in USD, the price is "programmed" to rise, not only because demand for BTC increases, but also because the dollar depreciates.

🫴 A simple strategy to protect your wealth:

Buy and hold hard money while using fiat money for everyday spending or borrowing. This approach helps maintain your purchasing power in an inflationary environment 🛍

#FAQ

$XRP surpasses a $50 billion market capitalization after its price pumped by over 18% in the last 24h 🔼

Holding XRP? 🤑

✅ In a surprising turn of events, the falling stock market has given way to a surge in Bitcoin, which has climbed back above $91k and is now pulling the rest of the crypto market with it 🧪

Daily Digest:

🔸 Goldman Sachs discloses $710 million Bitcoin ETF holdings

🔸 Helix mixer operator gets 3 years in prison for laundering 350,000 BTC

🔸 Tether minted another $1 billion in USDT on the Tron network 💵

🔸 Head of 21Shares US business says the firm expects interest in ETH to grow as regulatory clarity strengthens confidence

🔸 Elon Musk rejected Sam Altman's proposal for OpenAI to launch a crypto token in 2018, a court filing reveals

🔸 ARK Invest CEO Cathie Wood predicts Bitcoin will reach $1.5 million by 2030 😳

🔸 Manhattan US Attorney's Office will reduce its pursuit of crypto cases, prosecutor says

🔹 Prices:

🥇 Bitcoin - $91,422(↑4.0%)
✨ Ethereum - $3,111 (↑0.2%)
🧪 S&P 500 - 5,870 (↓1.32%)
🕗 DXY - 106.67 (↓0.01%)
🌉 Gold - 2,563 (↓0.06%)

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