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%)

Join our chat 🗯

Late buyers be like 😂

American billionaire businessman Howard Lutnick who will likely be Donald Trump’s next Treasury secretary is natively shilling DOGE meme 🐶

Today, Elon Musk spoke out in support of him as the next Treasury secretary because he “will actually enact change” 🤔

Altcoin Season Cheat Sheet 🤫

Save this now so you’ll always have it handy 📌

Another year, another hole in the budget by hundreds of billions 🤦

The Pentagon is unable to account for $824 billion budget. For the last seven consecutive years, the Pentagon has failed to pass its financial audit 💸

Critics are calling it an egregious display of financial mismanagement, with allegations of systemic corruption and a deliberate lack of transparency 🔍

In the grand scheme of things, the crypto market doesn't look like a big bubble 👇

💲 Global Debt: $313 trillion

💸 Global GDP: $105 trillion

🏠 Mortgage Market: $31.3 trillion

💰 Banking Assets: $180 trillion

🕯 Derivatives Market: $600 trillion (or more!)

📊 Total Traditional Finance: Over $1.2 quadrillion


🤑 Meanwhile, the Crypto Market is valued at $3,17 trillion. Despite its rapid growth, crypto remains just a small fraction of the broader financial ecosystem which is bullish!

✅ This week, there was a huge influx of money into Bitcoin ETFs, pushing the price to new all-time highs every day. However, after BTC price reached $93,450, market started to correct 🕯

Weekly news digest:

💎 Crypto

🔸 Canary Funds has filed an application with the U.S. SEC for an HBAR ETF

🔸 Goldman Sachs discloses $710 million Bitcoin ETF holdings
 
🔸 Tether has launched Hadron, its asset tokenization service 🪀

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

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

🏦 Crypto Exchanges

🔸 BNBChain announced that it has received a $10 million investment in cloud service credits from Google Cloud

🔸 FTX sues Binance for $1.76 billion and accuses CZ of “reckless disregard” for FTX’s customers 🎎

💵 Finances and Economy

🔸 Bernstein wrote a meme to the investors: "Buy everything you can"

🔸 'Bitcoin strategic reserve unlikely under Trump' says Mike Novogratz
 
🔸 Italian Prime Minister Giorgia Meloni could accept a proposal for a 28% tax hike on crypto rather than a 42% 🇮🇹

🔸 MicroStrategy buys another 27,200 BTC for $2 billion

⚖️ Law and Order

🔸 Helix mixer operator gets 3 years in prison for laundering 350,000 BTC
 
🔸 UK government will introduce legislation on stablecoins and staking later this month

🔸 Bitfinex hacker sentenced to 5 years in prison 👮

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

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

 🗣 Personalities

🔸 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

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

🚀 Best performers of the week:

PNUT - $1.87 (↑1542.6%)
Maker - $4.13 (↑188.5%)
THORChain- $0.0000509 (↑100.5%)