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 😅

In the past 24 hours more than 302,000 traders were liquidated, the total liquidations come in at $1.03 billion 😮

Late longers suffered the most, with $859 million of long positions getting liquidated during the last day 📊

✅ Today, bitcoin fell below $96,000, building on Wednesday's market-wide selloff spurred by Federal Reserve Chairman disappointing investors with his comments on expectations for U.S. interest rate cuts next year 🇺🇸

Daily Digest:

🔸 Fake Satoshi Craig Wright was given a one-year suspended sentence for contempt of court 👮

🔸 Investors filed a lawsuit against several entities involved in the launch of the Hawk Tuah memecoin 

🔸 10% of Ethereum validators are signaling support for raising the gas limit which could result in up to 33% reduction in transaction fees 🪙

🔸 Mo Shaikh, co-founder of Aptos Labs, announced that he's stepping down as CEO

🔸 Senator Lummis says Bitcoin “will continue to grow, where the US Dollar will continue to decline in value"

🔸 Hut 8, one of North America’s largest Bitcoin miners, has announced a $100 million purchase of Bitcoin

🔹 Prices:

🥇 Bitcoin - $97,193 (↓3.2%)
✨ Ethereum - $3,411 (↓6.1%)
🧪 S&P 500 - 5,867 (↓0.09%)
🕗 DXY - 108.48 (↑0.07%)
🌉 Gold - 2,597 (↑0.11%)

Well, he really did 👍😇

Good morning, the market is nuking, BTC dropped below $93k, ETH is testing $3,100 support 🔽🐻

If we will bounce back to $100k more than $3.5 billion in Bitcoin short positions will be liquidated 📊

This will fuel likely fuel a pump to the new all-time highs 🤔