✅ 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%)

Crypto streamer accidentally showed his Solana seed phrase during live stream and lost $100k 😰

That's why it's important to keep your wallet recovery key safe and secure offline 👛

Upd: Turns out this clip is staged, but it's still relevant

🤑 MicroStrategy announced it has bought another 51,780 BTC worth $4.6 billion during the last week.

The average buying price was $88,627 per coin. MicroStrategy now holds 331,200 BTC 💰

An alarming trend for Bitcoin 🔍

According to on-chain data, more and more long-term BTC holders are actively distributing their positions, while short-term holders are buying 📊

This tends to happen when the market is about to top 👀

MARA Holdings announces $700M convertible notes offering to expand Bitcoin investments 💰

Proceeds allocated for crypto growth, debt repayment, and strategic initiatives.

Getting some flashback from 2021 😨

Bitcoin is back above $91k after the news that Donald Trump will meet with Coinbase CEO Brian Armstrong came out 🔼

On top of that, President-elect Donald Trump's $DJT in talks to purchase crypto trading platform Bakkt 👀

Brazilian Pianist Loses $366K in Bitcoin, Ends Up Hospitalized 👨‍⚕️

Popular YouTuber Lord Vinheteiro, with over 7 million followers, lost access to his Bitcoin wallet worth $366,000 after misplacing his recovery key 😱

possibly discarded with old sheet music

😱 Desperate for help, he tweeted and posted a video searching his library for the lost key, but the stress of the situation landed him in the hospital.

Vinheteiro’s financial woes include selling BTC at its lowest and losing $35,000 on stocks, making this latest blunder a harsh reminder to secure your crypto passwords 🔑

✅ Bitcoin has been trading in a range between $89,400 and $92,600 all day. We can see a market cooling off after last week's explosive growth and consolidation before the next move 🕯

Daily Digest:

🔸 DOJ antitrust officials have decided to ask a judge to force Google to sell off its Chrome browser

🔸 Goldman Sachs is preparing to launch three new tokenization crypto products later this year 🔍

🔸 MARA Holdings announced $700 million convertible notes offering to expand Bitcoin investments

🔸 MicroStrategy announced it has bought another 51,780 BTC worth $4.6 billion during the last week.

🔸 Trump's social media group is in talks to buy crypto trading firm Bakkt 🛒

🔸 Donald Trump will meet with the CEO of crypto exchange Coinbase

🔸 Brazilian pianist lost $366k in Bitcoin and ended up hospitalized

🔹 Prices:

🥇 Bitcoin - $90,972 (↑0.8%)
✨ Ethereum - $3,149 (↑1.3%)
🧪 S&P 500 - 5,893 (↑0.39%)
🕗 DXY - 106.23 (↓0.04%)
🌉 Gold - 2,615 (↑0.15%)

Slowly but surely 😅

Trying to predict the market top has a long tradition, with speculators constantly publishing their analysis 🔮

Over the past 12 months, we have seen roughly the same number of predictions that the market top was already reached 😂

If you were trading based on opinions from social media, you would have sold all your crypto a long time ago 🤷‍♀️

$1.9K turns into $3.67M in 2 hours 😮

A trader invested 7.84 SOL ($1.9K) to acquire 89.19M ELIZA meme coins and quickly sold 49.49M ELIZA for 7,091 SOL ($1.72M) after a massive pump 🧪

With 39.7M $ELIZA still worth $1.95M in their wallet, it’s hard to ignore the possibility that this trader had insider knowledge before the ai16z partner made a post about upcoming project with the same name 🤓

BTC breaks above $93,000 🔼

New ATH incoming?

UPD: NEW ATH $93,500 👏

Classic ascending triangle formation on BTC chart 🕯

Buyers are pushing higher lows, while resistance at $94K is being tested repeatedly 👀

A breakout could signal a strong upward move. Watch for confirmation and prepare for $100,000 in case of success 🤑