Also: Bitcoin and Ethereum ETFs land on Wall Street
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GM. The Daily Squeeze is here to brighten up your pre-holiday madness with a spicy, refreshing and slightly unhinged blockchain twist.
🎁 Last minute Christmas gifts.
🍋 News drops: SEC approves BTC+ETH ETFs, Tornado Cash’s Roman Storm wants charges against him dropped, and more
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🍍 Taste of the market today
The cryptocurrency market feels like flipping a coin and it falls over the edge. weird but somehow appropriate 🙃
The fear and greed index dropped slightly to 74 (but hey, we’re still in greed), while bitcoin fell below $96 thousand. Blame it on the Fed’s latest tea: Only two rate cuts are expected in 2025.
BTC ETFs Had $671.9 million in departures yesterday – its first red day this month.
The 50-hourly SMA fell below the 200-hourly SMAforming what is called a bearish crossover. This usually means that short-term momentum has slowed enough to drag prices down further.
That being said, here’s the kicker: during Bitcoin’s recent bull run, these crossovers have been everything barks and does not bite – instead of collapsing, BTC has recovered even stronger. Will this time be different? 👀
For all of you glass half full a little people, feeling says that discussions about buying the dip have reached their highest level in eight months. The last time the crowd got this anxious, we saw a massive rush afterwards.
Outside our digital bubble, GDP grew at an annualized rate of 3.1% in the third quartershowing economic strength despite inflationary fears. And a healthy economy = investor confidence, which often extends to riskier assets like cryptocurrencies.
So yeah, whether it lands heads, tails, or stays on the edge… The market can get unpredictable, but that’s what makes it so exciting. 🪙
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🥝 Harvest of memecoins
Why does this currency exist? Nobody cares – That’s it, and that’s all the explanation we need.
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24H change |
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sinerror OUR |
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Frodo the virtual samurai FROG |
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ANGRY ANGRY |
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brain CEREBRAL |
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Check out these memecoins and many more here.
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Okay, okay, take a deep breath. Christmas is basically right around the corner and yes, we’re all in on it. Alone mood at home – running from one place to another trying to make everything perfect. Believe me, we are there for you.
So let’s take a step back and recap where we are:
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Christmas tree? Bright as hell ✅
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That dusty old deer statue in the attic? On display ✅
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Menu? Planned, Michelin star level ✅
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Guests? Guest ✅
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A gift for your degen friend? Oh. OH. I… SHIT? FORGOT. PANIC ACTIVATED.
Take a cold pill. We support you.
1/ Flexible ledger
Imagine handing someone a device that says: “I’m confident, stylish, and smarter than the average wallet.”
He Ledger Flexibility ticks all the boxes with its E-Ink touchscreen, elite security chip, and the ability to store over 1,000 coins, tokens, and NFTs.
Oh, and it comes with a cheeky $70 BTC bonus 😉
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2/ Ledger Stax
Designed by Tony Fadell, the creator of the iPod OG, the Ledger Stax takes crypto wallets to a whole new level.
It has a curved touchscreen, supports over 5,000 cryptocurrencies and NFTs, and keeps them safe while looking ridiculously stylish.
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3/ Accounting gift card
Can’t you decide? Okay, don’t burn the last brain cell you have left. TO Accounting Gift Card is he play-safe-but-still-cool option.
4/ Safe Trezor 5
He trezor safe 5 It is for the friend who seeks maximum security. Think EAL6+ certified chip, resistance to brute force attacks; Overall, perfect for quietness and intense grip.
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5/ Safe Trezor 3
Another strong contender, the trezor safe 3supports more than 7,000 assets. Trezor Suite’s open-source, ultra-secure, and spectacular privacy-enhancing features.
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6/ NFTs
Okay, listen to me. NFTs They make a unique, personal and somewhat brilliant gift for anyone interested in art, games or collectibles.
Plus, with the right choice, you could give something that actually increases in value. Talk about a gift that keeps on giving. 🥰
There you have it: gift ideas that scream, “I know you, I see you, and no, I didn’t forget about you.” Because you don’t want to go down in history as that person known for giving away socks…
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🍋 News drops
👍 The SEC approved the Hashdex and Franklin Templeton Bitcoin and Ether Index ETFs. Hashdex’s Nasdaq Crypto Index ETF is headed to the Nasdaq, while Franklin’s Crypto Index ETF will list on the Cboe BZX Exchange.
🌪 Tornado Cash co-founder Roman Storm wants charges against him dropped. He says a recent court ruling, which determined that Tornado Cash’s smart contracts are not “owned” by a foreign entity, weakens the case accusing him of violating the IEEPA.
🎮 Ragnarok Online is leveling up with an update: Ragnarok Landverse: Genesis. This new version, which will be launched on the Ronin Network, should be released in early 2025.
🏎️ Formula 1 and Crypto.com will maintain their partnership until 2030. This means that the cryptocurrency exchange will continue to appear as a major sponsor at F1 events.
👀 Trump family-backed World Liberty Financial swapped $10 million of cbBTC from Coinbase for rival WBTC. This comes after WBTC-linked Justin Sun joined the company as an advisor.
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🍌 Juicy memes
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