Microsoft said no to Bitcoin: who says yes?

GM. The Daily Squeeze: Cut up crypto watermelons to find out if they’re sweet or just full of seeds.

👎 Microsoft said No to Bitcoin… but there are more players planning to join the game.

🍋 News drops: RLUSD got final approval, Donald Trump bought another $5 million worth of ETH + more

🍍 Taste of the market today

The market feels like walking into a room where everyone looks at you with a strange smile. Is something exciting about to happen? Is there spinach in my teeth? What is happening?? 🤨Investors are cooling off a bit: the fear and greed index fell to 74 as bitcoin Yesterday it took a step back to $95,000.

Trader bias believe Buyers are hesitant to rush until BTC proves to be above the $97.7K – $98K range. Basically, confidence isn’t exactly overflowing right now.

That being said, Daan Crypto Trades predict bitcoin could advance between 30% and 50% once you get out of this consolidation phase. If history repeats itself, we could see a larger increase as early as the first quarter.

Meanwhile, Institutions are making the most of the decline.. BTC spot ETFs recorded $438.5 million in inflows yesterday, and ETH ETFs followed with $305.7 million.

Altcoins though? It’s not like that sun and rainbow. Felix Hartmann says they probably will downward or sideways trend until January 2025. Sure, some might catch a second wind here or there, but the great runs seem to be over for now.

So yeah, that market smile is throwing us off a little. The good news? You are here with us and we will continue to make sense of all this together 🥰

🥝 Harvest of memecoins

Some call it hype, others call it fate: here are the memecoins that took home the W today:

• Zerebro Transformation Token (GAYCOIN) +358%

Straight from the brilliant mind of Zerebro, he AI Agent in X.

The Pepe we know and love… but on Base.

Born from the Rektguy NFT project.

Inspired by another crazy person AI Agent in X, Terminal of Truths.

Data at 09:45 am EST.

🤠 The Good, the Bad and Bitcoin

You know those movies where the plot is so good that you get completely invested and then realize “it was all just a dream”? 😐 Ah, I love it, thank you so much for wasting my precious time!

Yesterday felt like the crypto version of that. For a whole month we hoped that Microsoft could end up jumping on the Bitcoin reserve train.

And the story looked good. – The National Center for Public Policy Research made some good arguments to convince them, Michael Saylor also made a cameo.

Well, the day of the shareholder vote arrived. Your verdict? No 🫶 Apparently, they already have solid financial strategies to protect the interests of shareholders. Translation: they can’t stand this heat.

Well, if you win some, you lose some. Take care!

…

Jk, we’re not going to give you a disappointing ending here. Bitcoin still has a lot of potential elsewhere, and we’re here to analyze it.

1/ Corporate BTC MVPs

• Microstrategy – the absolute king, with 423,650 BTC worth almost $41.5 billion, more than 2% of the total supply.
• MARA Holdings spent $1.1 billion on nearly 11,800 BTC yesterday, bringing its total holdings to 40,435 BTC.
• Rumble plans to allocate up to $20 million of its excess cash reserves into Bitcoin.

2/ BTC ambitions at the state level

• Pennsylvania: Rep. Mike Cabell is pushing for 10% of the state treasury to go into Bitcoin as a hedge against inflation.
• Texas: Lawmakers, with the help of the Satoshi Action Fund, are putting together a plan for a state Bitcoin reserve.
• Florida targeting the first quarter of 2025 to start its BTC reserve

3/ BTC in Mr. Worldwide mode

• USA– Wants the Treasury and Federal Reserve to buy up to 1 million BTC over five years.
• Russia thinking about a BTC reserve to face sanctions.
• Porcelain: Former Binance CEO CZ says it is inevitable that China will join the BTC reserve pool, potentially following the United States’ lead.
• Brazil: An $18.6 billion proposal to allocate 5% of its total international reserves to Bitcoin.

So, yes, maybe Microsoft isn’t feeling the Bitcoin vibes yet, but the big picture is clear: BTC is in big conversations. And the more players join the gang, the stronger the FOMO becomes.

TL;DR: BTC is getting into it main character energy for which he was born – and the world is starting to notice.

🍋 News falls

👏 Ripple obtained final approval from the NYDFS to launch RLUSD. Lists of exchanges and partners will be available soon.

🚀 Donald Trump bought another $5 million worth of ETH. His total ETH pool now stands at $50 million.

💸 Ray Dalio, founder of Bridgewater Associates, denounced unsustainable debt in major economies. Your advice? Move towards hard assets like Bitcoin and gold.

🚨 Scammers are posing as cryptocurrency influencers to trick people into joining fake Telegram groups and getting “exclusive” investment tips. Once inside, they launch a fake bot that installs malware and steals sensitive information, such as crypto wallet keys.

🎬 The collapse of TerraUSD and LUNA is being turned into a movie called Crypto man. It ostensibly explores the lives of young people who balance stock trading by day and cryptocurrency speculation by night.

🏦 Goldman Sachs CEO David Solomon said they could consider investing in cryptocurrencies. That is, if US regulations are relaxed.

🍌 Juicy memes