Buncrupt crypto exchange FTX announced it will begin distributing $16 billion of user's funds within 60 days of the January 3 🎎

FTX will allow bankruptcy payouts in stablecoins via BitGo and Kraken crypto exchanges.

This is very good news for bulls because soon billions of dollars of FTX users' early lost funds will be ready to pour back into the crypto market 💰

✅ Bitcoin prints a new all-time high above $107,700, the pump comes amid a steady surge in spot volumes and the re-emergence of the Coinbase Premium in the US session 🔼

Daily Digest:

🔸 Ethena is launching its stablecoin USDtb backed by BlackRock and Securitize's tokenized money market fund

🔸 CyberKongz NFT collection has received a Wells Notice from the SEC

🔸 Pudgy Penguins $PUDGY meme coin will launch tomorrow 🐧

🔸 Ripple's RLUSD stablecoin will be launching tomorrow

🔸 MicroStrategy bought 15,350 bitcoins between December 9-15 

🔸 El Salvador has authorized Bitget to provide Bitcoin services in the country 🇸🇻

🔸 Exodus Movement has been approved for listing on the NYSE American by the SEC

🔹 Prices:

🥇 Bitcoin - $106,038 (↑1.3%)
✨ Ethereum - $3,997 (↑0.9%)
🧪 S&P 500 - 6,074 (↑0.38%)
🕗 DXY - 106.86 (↓0.13%)
🌉 Gold - 2,652 (↓0.02%)

"Why didn't you buy Bitcoin in 2009?"

🥹 Me in 2009:

$PENGU memecoin will launch very soon 😮

This marks a major milestone for the Pudgy Penguins ecosystem.

This event is poised to reshape the landscape of token distribution. Don’t miss this pivotal moment. Here is key info about upcoming launch 👇

🪂 Airdrop Claiming:

• Opens: December 17, 2024, 13:00 UTC
• Runs for 88 days, ends March 15, 2025
• Pudgy Penguins, Lil Pudgys, & Pudgy Rods holders: Claim tied to your NFTs (no snapshot).
• Other eligible communities (~7M wallets): Check eligibility on the claim site.
• Connect Ethereum wallet, sign gasless signature, and have SOL ready for claiming fees.
• Unclaimed tokens after 88 days are effectively burned.

🐧 Token Details:

• Total Supply: 88,888,888,888
• Launching first on Solana, then Ethereum & Abstract chain.

🛒 Buying PENGU:

• Tradable after TGE.
• Official token CA on Solana: 2zMMhcVQEXDtdE6vsFS7S7D5oUodfJHE8vd1gnBouauv
• Will be listed on major exchanges like Binance, Bybit and OKX.

$PENGU is live 🐧

Token is trading at $4.5 billion FDV, you can check if you are eligible for airdrop here 🪂

Flash crash by 2.3% on BTC after we reached new ATH 🔽

This is due to overleveraged long positions who just got wiped out.

$52 million in longs got liquidated in leveraged longs got liquidated during the last hour 🩸

This user tried to snipe the newly launched $PENGU token with $10,000 worth of SOL 🐧🤑

But he accidentally bought the token at $14 trillion market cap, turning his $10,000 investment into $5 in a matter of seconds 🤣

Nigeria's Economic and Financial Crimes Commission has arrested nearly 800 people nationwide in connection with crypto romance scams ❌

Many of those arrested were foreigners in the country. Among them are 148 Chinese nationals, 40 Filipinos 👮

✅ Bitcoin hit a $108,000 all-time high today but it only lasted a few seconds as BTC price dived by 2.4% liquidating many late-longers 🔽

Daily Digest:

🔸 Representative of Ohio filed a bill to create a strategic Bitcoin Reserve for the state

🔸 Donald Trump met with Crypto.com CEO Kris Marszalek to discuss the nation’s crypto policies ⏹

🔸 European lawmaker Sarah Knafo called on the European Union to establish a strategic Bitcoin reserve

🔸 Nearly 800 people were arrested in Nigeria in connection to crypto romance scams

🔸 $PENGU memecoin was launched today, check this post for more info about the airdrop, you might be eligible

🔸 Senator who will take over the U.S. Senate Banking Committee called crypto 'next wonder' of the World 🤑

🔸 Tether has invested in Malta-licensed stablecoin firm StablR

🔹 Prices:

🥇 Bitcoin - $105,731 (↓0.1%)
✨ Ethereum - $3,887 (↓3.6%)
🧪 S&P 500 - 6,050 (↓0.39%)
🕗 DXY - 106.94 (↑0.08%)
🌉 Gold - 2,646 (↓0.23%)

It's hard to resist 😅

So far this year, the Federal Reserve has made two rate cuts. Now, another major decision is happening today at the FOMC meeting. Federal Reserve is expected to make a 3rd consecutive rate cut 👀

Markets are pricing in around a 95.4% chance that the Fed will cut rates today 📊

Why does this matter? Because markets aren’t just watching whether the Fed cuts by another 25 basis points; they’re paying close attention to what the central bank projects for 2025 🔍

The number of future cuts the Fed expects to make will influence everything from stock prices to bond yields 👇

📈 Dovish (More Cuts): If the Fed signals more cuts than expected in 2025, markets could rally strongly.

🤷‍♀️ Neutral (Expected Cuts): If the central bank stays in line with what markets currently anticipate, look for a mild, positive response.

📉 Hawkish (Fewer Cuts): If the Fed indicates fewer cuts ahead, it may dampen enthusiasm, causing stocks to fall and treasury yields to rise.

#FAQ

🇩🇪 German financial giant Deutsche Bank has announced that it's launching its own Ethereum layer 2 blockchain based on ZKsync technology 🔗

🇺🇸 Federal Reserve announced that the interest rates were cut by 0.25%.

This decision was already priced in so no big moves are happening in the markets 👍

Market is red! 🩸

Over $1.50 trillion was wiped out from the US stock market today. S&P 500 is down 2.95% in the last 24 hours 📉

More than $660 million was liquidated from the crypto market during the last day 🫡

During the FOMC Federal Reserve Chair Jerome Powell says the Fed is "not allowed to own Bitcoin."

He also said it might take 1-2 years for inflation to reach 2%, which is not bullish 😔

✅ Hawkish Fed chief's speech spooked market, fears of easing policy slow down send prices down and bond yields rising 🕯

Daily Digest:

🔸 Solana did more transactions than combined activity on all other blockchains hitting a new ATH in daily transactions

🔸 Wyoming Senator has declared 2025 to be 'the year for Bitcoin and digital assets'

🔸 The Federal Reserve cut rates by 25 basis points as expected ✅

🔸  The Fed's PCE inflation expectation for 2025 rose to 2.5%, a bearish sign

🔸 Europol seized $26 million in crypto from nine drug traffickers 👮

🔸 Deutsche Bank has announced that it's launching its own Ethereum layer 2 blockchain

🔹 Prices:

🥇 Bitcoin - $99,326 (↓0.5%)
✨ Ethereum - $3,574 (↓1.1%)
🧪 S&P 500 - 5,872 (↓2.95%)
🕗 DXY - 108.03 (↑1.15%)
🌉 Gold - 2,610 (↑0.94%)

How to check your crypto airdrops 🔍

Airdrops are free token distributions. They can appear months after you’ve used a certain protocol or held a specific NFT, easily slipping under the radar 👁

For instance, one user discovered $1,000 worth of tokens in an old wallet they rarely checked, all thanks to simple scanning tools designed for this purpose 👇

🪂 Checkdrop by Byzantine is very good if you have no idea which airdrop you are eligible of receiving. This service only supports EVM wallets.

🪂 Checker by DiligenceDAO offers a similar service but it's more useful if you need to check many different wallets. This checker supports more networks, for example Solana and Grass.

📌 Save this post for later

#FAQ

BTC's attempt to hold the $100k level doesn't look successful 😐

Are you buying this dip? Vote with reactions:

Yes, I'm buying — 👍

No, waiting — 🫡

Someone just paid 8.1 BTC transaction fee for a BTC transfer 🤬

That's around $791,000 in fees for a single transaction on the Bitcoin blockchain 😅