Ohio turns bullish: Bitcoin in the treasury

Also: Phishing attacks target Ledger users

GM. Every day is a smoothie here at Daily Squeeze – we blend the wild fruits of cryptocurrency into a slurp-worthy concoction.

🗣 Talks about strategic Bitcoin reserves are getting louder around the world.

🍋 News Drops: Scammers Target Ledger Users, Joe Biden Supports Stock Trading Ban for Members of Congress, and More

🍍 Taste of the market today

Crypto is like a game of Jenga. Every move feels like life or death, the players are sweating, every block ratchets up the drama, but it’s all still very exciting. 🎲

The fear and greed index is at 81, so we are still bathing in that glow of extreme greed.

bitcoin broke a new all-time high above $108,000but now he’s taking a break. It appears investors are playing it safe ahead of an expected aggressive rate cut by the Fed later today.

But there’s another story playing out behind the scenes, one that has less to do with daily prices and more to do with legacy. Bitcoin ETFs Officially Recorded $493.9 Million in Inflows Yesterday surpassing gold ETFs in assets under management. Let that sink in: Bitcoin ETFs just launched this year, while gold ETFs had a 20-year head start.

And the ETF game doesn’t end there. According to Bloomberg’s Eric BalchunasThe line of crypto ETFs is about to get even more interesting in 2025. The next step? A bitcoin + Ethereum Combined ETF, then maybe Litecoin, HBARand later, names currently under regulatory scrutiny such as XRP and solarium.

Meanwhile, retail therapy is alive and well. November retail sales rose 0.7%, building on October’s rebound. Translation? Consumers continue to spend, showing that the economy remains stable even as inflation continues to loom.. Why is this important for cryptocurrencies? A strong economy often keeps investor sentiment optimistic, which can extend to riskier assets like cryptocurrencies. When people spend, they also tend to invest.

So yes, the higher we go, the cooler the view. (until one wrong move causes everything to collapse, Jenga style) 🧱

🥝 Harvest of memecoins

Some cryptocurrencies want to change the world, but these are just here for the vibes. and they are killing him today:

	Name		Market capitalization
	Unicorn fart powder UFD	▲ 30K%	35 million dollars
	Pepe Unchained BUTT	▲ 61%	177 million dollars
	AI Memes COMPETE	▲ 30%	95 million dollars
	pedocoin FARTCOIN	▲ 23%	903 million dollars

Data at 08:40 am EST.

Check out these memecoins and many more here.

We’ve already talked about how the world is slowly waking up to the potential of cryptocurrencies (if you missed it, catch up). here and here).

But you know what? THEY. FAIR. KEEP. NEXT. And we are eating it 😋

Here are the latest additions to the list:

1/ EU

Sarah Knafo, a member of the European Parliament, is not playing games with the European Central Bank’s digital euro plan, seeing it as “totalitarian temptations.”

His speech instead? A strategic Bitcoin reserve for the EU.

2/Ohio

House Leader Derek Merrin wants to revamp Ohio’s treasury: he left the Ohio Bitcoin Reserve Law.

The idea? Give the Ohio Treasury the authority to hold Bitcoin as a hedge against dollar devaluation.

While the bill was introduced at the end of the current session and likely won’t advance yet, Merrin hopes it lays the groundwork for the next legislative session beginning in January 2025.

Do you understand? 😈 Bitcoin is no longer just a speculative asset: it is being seen as a tool for economic strategy and financial resilience.

But make no mistake: this is still the warm-up act, people. If you’re reading this now, congratulations, you’re still early.

🍋 News falls

🚨 Phishing scammers are on the hunt, targeting Ledger users with fake support emails. They claim there has been a data breach and press users to “secure” their wallets by giving them their seed phrases – don’t be fooled!

⛔️ President Joe Biden agrees to ban members of Congress from stock trading. He noted that during his 36 years as a senator, he stuck to his salary and didn’t touch the stock market, to keep things fair.

💰 Richard Ptardio, an X parody account, turned memes into money for a good cause. After receiving 700 million PTARDIO tokens, they donated $69 thousand to Save the Children.

🇰🇵 The US Treasury and the United Arab Emirates teamed up to shut down North Korea’s cryptocurrency laundering schemes. The sanctions targeted two Chinese nationals and United Arab Emirates-based Green Alpine Trading for helping finance North Korea’s missile and weapons of mass destruction projects.

🤝 Crypto.com CEO Kris Marszalek met with US President-elect Donald Trump at Mar-a-Lago, Florida. Coincidence or not, the same day, Crypto.com decided to withdraw its lawsuit against the SEC.

🍌 Juicy memes