Plus: Phishing assaults goal Ledger customers
GM. Day by day’s a smoothie right here on the Every day Squeeze – we mix crypto’s wild fruits right into a sip-worthy combine.
🗣 Talks about strategic Bitcoin reserves are getting louder throughout the globe.
🍋 Information drops: scammers are concentrating on Ledger customers, Joe Biden helps a ban on inventory buying and selling for members of Congress + extra
🍍 Market taste right now
Crypto is sort of a recreation of Jenga – each transfer seems like life or loss of life, gamers are sweating, each block provides to the drama, however it’s all nonetheless hella thrilling 🎲
The Worry and Greed Index is at 81, so we’re nonetheless bathing in that Excessive Greed glow.
Bitcoin smashed a brand new all-time excessive above $108K, however it’s taking a breather now. Looks like buyers are enjoying it protected forward of an anticipated hawkish Fed charge lower later right now.
However there’s one other story unfolding behind the scenes – one which’s much less about each day value ticks and extra about legacy. Bitcoin ETFs noticed $493.9M in inflows yesterday, formally overtaking gold ETFs in belongings beneath administration. Let that sink in: Bitcoin ETFs simply launched this yr, whereas gold’s had a 20-year head begin.
And the ETF recreation does not cease there. In accordance with Bloomberg’s Eric Balchunas, the crypto ETF lineup is about to get even spicier in 2025. Subsequent up? A Bitcoin + Ethereum combo ETF, then perhaps Litecoin, HBAR, and additional down the road, names at the moment beneath regulatory scrutiny like XRP and Solana.
In the meantime, retail remedy is alive and effectively. November retail gross sales rose 0.7%, constructing on October’s uptick. Translation? Customers are nonetheless spending, displaying the economic system’s holding regular even with inflation nonetheless lurking. Why does this matter for crypto? A robust economic system usually retains investor sentiment upbeat, which may spill over into riskier belongings like crypto. When individuals spend, they have an inclination to speculate, too.
So yeah, the upper we climb, the cooler the view (till one improper transfer sends the entire thing crashing, Jenga-style) 🧱
🥝 Memecoin harvest
Some cryptos need to change the world, however these are simply right here for the vibes – and so they’re killing it right now:
Identify
Market Cap
Unicorn Fart Mud UFD
▲30K%
$35M
Pepe Unchained PEPU
▲61%
$177M
Memes AI MEMESAI
▲30%
$95M
Fartcoin FARTCOIN
▲23%
$903M
Information as of 08:40 AM EST.
Try these memecoins and lots extra right here.
We have already spilled the tea on how the world is slowly waking as much as crypto’s potential (if you happen to missed it, catch up right here and right here).
However you realize what? THEY. JUST. KEEP. COMING. And we’re consuming it up 😋
Listed here are the most recent additions to the roster:
1/ EU
Sarah Knafo, a member of the European Parliament, shouldn’t be f*cking with the European Central Financial institution’s digital euro plan since she sees it as “totalitarian temptations.”
Her pitch as a substitute? A strategic Bitcoin reserve for the EU.
2/ Ohio
Home chief Derek Merrin needs to present Ohio’s treasury a makeover – he dropped the Ohio Bitcoin Reserve Act.
The concept? Give Ohio’s treasury the authority to carry Bitcoin as a hedge towards the greenback’s devaluation.
Whereas the invoice was launched late within the present session and prolly will not transfer ahead simply but, Merrin expects it to put the groundwork for the subsequent legislative session beginning in January 2025.
Do you perceive? 😈 Bitcoin is not only a speculative asset anymore – it is being seen as a instrument for financial technique and monetary resilience.
However make no mistake: that is nonetheless the warm-up act, individuals. In case you’re studying this now, congrats – you are still early.
🍋 Information drops
🚨 Phishing scammers are on the hunt, concentrating on Ledger customers with faux help emails. They fake there’s been a knowledge breach and push customers to “safe” their wallets by handing over their seed phrases – do not fall for it!
⛔️ President Joe Biden’s on board with banning inventory buying and selling for members of Congress. He identified that in his 36 years as a senator, he caught to his wage and did not contact the inventory market – to maintain issues honest.
💰 Richard Ptardio, a parody account on X, turned memes into cash for a very good trigger. After being despatched 700M PTARDIO tokens, they donated $69K value of ’em to Save the Youngsters.
🇰🇵 The US Treasury and UAE teamed as much as crack down on North Korea’s crypto laundering schemes. Sanctions hit two Chinese language nationals and UAE-based Inexperienced Alpine Buying and selling for serving to fund North Korea’s WMD and missile initiatives.
🤝 Crypto.com CEO Kris Marszalek had a sit-down with US President-elect Donald Trump at Mar-a-Lago in Florida. Coincidence or not, the identical day, Crypto.com determined to drop its lawsuit towards the SEC.
🍌 Juicy memes
