🤝 Most popular cryptocurrency feature yet: BTC and ETH together?
Also: Will Vancouver lead the trend of crypto-friendly cities?
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GM. We’re cracking open the blockchain coconut at Daily Squeeze: drink the candy and leave the shell.
💬 Bitwise Bitcoin and Ethereum ETF moves into industry feedback phase.
📝 Vancouver, Alabama and Ukraine crypto plans.
🍋 News: Binance and Circle want to boost USDC adoption, Australian Kraken operator fined + more
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🍍 Taste of the market today
Who knew FOMO could look so good? 😏 The fear and greed index rose to 83, which makes us feel that extreme greed vibe. Meanwhile, BTC has been above the $100,000 mark since yesterday.
if you ask roman merchantYou are looking at the Relative Strength Index (RSI) and are very excited. The RSI is a tool that traders use to check whether an asset is overbought or oversold, and Roman says it is “completely reset.” This could clear the way for a clean increase to around $112k.
He feel-good factor received a boost when the latest CPI figures (a measure of how much daily prices have risen) matched forecasts, recording a 12-month inflation rate of 2.7%. With everything well aligned, it looks like we can A 0.25% rate cut is expected next week.and CME Fed Watch He is betting on it with 98% certainty. Lower interest rates = more money flowing into riskier investments like cryptocurrencies 💸
By the way, Sygnum Bank says we could see BTC “Demand Shocks” in 2025 – basicallyinstitutional money could skyrocket BTC prices. Here’s the math: For every $1 billion that goes into Bitcoin ETFs, the spot price increases by 3% to 6%. Just yesterday, these ETFs raised $223.1 million. Fast forward to 2025, with clearer US regulations and Bitcoin potentially becoming part of central bank reserves, institutional influence could become massive.
And hey, if all else fails, there’s always that one guy on Reddit who swears his “all-in on dog-themed coins” strategy is foolproof. Maybe I’m onto something… 🤔
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🥝 Harvest of memecoins
If Bitcoin buys you a pizza, today’s memecoins serve up a buffet with extra moon cheese:
This remains strong for the second consecutive day. Inspired by the AI Agent’s Terminal of Truths, this memecoin is… Well, letting him sweep the rankings. 💨
Pronounced meme (3,3), it is MeteoraAG’s attempt turning the memecoin “dump race” into a “betting race.”
It’s Pepe. Nuff said.
It’s not your usual dragon: it’s a choose-your-own blockchain adventure. 🐉 Holders can navigate a six-chapter journey through the Dark Forest of DeFi.
Data at 09:45 am EST.
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🎵 BTC x ETH – ETF.mp3
Think about your favorite musical artist. (no judging…unless it’s Lil Pump, then we need to chat). You vibe with his solo songs, of course, but the characteristics? Especially When it’s with another artist you love? Ugh, unmatched 😩
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Well, Bitwise wants drop a feature own: an ETF containing Bitcoin and Ethereumweighted by market capitalization.
They say that BTC and ETH are not rivals, rather Two different genres that deserve a place on your playlist. That’s exactly what this ETF is about: providing easy access to the two major cryptocurrencies without having to choose sides.
And now, here’s the latest update: the SEC took NYSE Arca’s request to list this ETF to the next level. asking for industry feedback. Translation: no is a no.
Why is this so important? It would be another sign that the industry is maturing. Plus, more ways to invest = more institutional money coming in = 🚀!
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🎉 We have more
If you’re new to Daily Squeeze, stop what you’re doing and go read yesterday’s edition: 1, 2, 3 – COME ON!! 🏃♂️
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Did I stutter? Why are you still here? 🤨
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All right, all right. You’re clearly a TL;DR type, so here it is: a large group of companies, states, and even countries are planning to join the BTC gang.
And you know what? The lineup got bigger 😈
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Here are the latest additions:
1/Vancouver
Vancouver City Council passed a motion to explore integrating Bitcoin into your financial system – potentially a Bitcoin reservation and payments option. Basically, They want to become a “Bitcoin-friendly city.”
Mayor Ken Sim said inflation is eating into the city’s purchasing power and Bitcoin could be the solution to your financial and affordability struggles.
2/ Sweet home BTC?
Alabama State Auditor Andrew Sorrell Said He Supports a State Bitcoin Reserve.
His take: “The debate over whether cryptocurrencies will succeed is over. Now, the fight over which states will benefit from them has begun.” I think you dropped this, king. 👑
3/ Ukraine
Ukraine moves towards legalize cryptocurrencies in early 2025. The plan? Standard taxes on cryptocurrencies, just like securities trading.
Of course, it is not a all inclusive crypto brother A bit of a vibe, but it’s great progress and we’ll take it.
Overall, it is clear that the BTC conversation is getting very serious. But we are still in the opening act. Consider this your friendly reminder: if you’re here, it’s still early.
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🍋 News falls
🤝 Binance and Circle are partnering to drive USDC adoption to the next level. Binance plans to integrate USDC into more products and use it as a key stablecoin for its corporate treasury.
⚖️ Nvidia is in trouble again with a class-action lawsuit accusing it of hiding more than $1 billion in GPU sales to crypto miners. Yesterday, the Supreme Court dismissed his appeal to overturn the case.
🐙 Australian Kraken operator Bit Trade was fined A$8 million ($5.1 million). The court found that it failed to meet design and production obligations and acted as an unlicensed line of credit.
🤖 Google DeepMind launched Gemini 2.0, a new AI model they call the foundation for next-generation AI agents. CEO Demis Hassabis and CTO Koray Kavukcuoglu said they are exploring prototypes that help people get things done.
⚠️ Democratic Senator Sherrod Brown issued a warning to the Senate Banking Committee before his departure in January. He said everything from rising housing costs to artificial intelligence and cryptocurrencies could end up squeezing American workers even further, while the usual corporate elites continue to profit.
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🍌 Juicy memes
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