Also: The Czech Republic considers Bitcoin as a national reserve
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GM. We’ve been picking from the blockchain vineyard: the Daily Squeeze is here with a basket full of fruity ideas.
👋 Say goodbye to Justin Trudeau, Michael Barr and Rostin Behnam.
🍋 News: Crypto forum mod forced into hiding, Czech National Bank could invest in Bitcoin and more
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🍍 Taste of the market today
If cryptocurrencies had a profile on Tinder, today’s bio would be: “Swipe right if you can stand the heat” 🥵
The Fear and Greed Index shines brightly at 78 (still at Greed) as bitcoin fell more than $100 thousand for the first time since mid-December.
Meanwhile, BTC ETFs attracted around $978.6 million in new money yesterdayalmost eliminating the $1.9 billion that left the market between December 19 and January 2.
Despite the outflows, December was a standout month for US Bitcoin ETFs: added 50K BTC to his holdings when only 13,850 new coins entered the market. Translation: ETF demand was about 270% higher than new supply.
Then there is MicroStrategy, which purchased an additional 1,070 BTC for $101 million at approximately $94,000 per coin. Although it is less aggressive than their December spree, it still shows that they are not backing down on their BTC strategy.
The heat increases, but don’t forget: it can cool down just as quickly. So… is it compatible? 😏
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🥝 Harvest of memecoins
These memecoins prove that sometimes dumb money isn’t so dumb after all 🤪
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24H change |
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Gremlin AI glitch GREMLIN’S |
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PrismaAI PRISM |
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Trust Web3 T3AI |
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AI-powered CMP AICMP |
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Data as of 07:35 am EST.
Check out these memecoins and many more here.
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If you ever feel the need to read some posts like “I went for a run, launched a startup and ended world hunger at 6 in the morning”You know where to go: LinkedIn.
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But you know what? Somewhere between those embarrassing #MondayGrind motivational speeches, we may soon see some #OpenForWork updates from certain people… And this time, it’s really worth worrying about.
1/ Justin Trudeau
The Prime Minister of Canada, Justin Trudeau, announced that he is resign as party leader and prime minister once his replacement has been chosen.
This decision comes shortly after Chrystia Freeland, Minister of Finance, also resigned following disagreements over the handling of US tariff threats.
And here’s the juicy part… many analysts (and polymer market) predict that the conservative leader Pierre Poilievre He is going to lead the next government.
Now, our boy Pierre:
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It is pro-crypto and pro-DeFi;
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He doesn’t like the idea of CBDCs;
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He wants Canada to be a global hub for blockchain.
And we’ll take that any day.
2/ Michael Barr
In the United States, the Fed Vice Chairman of Supervision Michael Barr to step down on February 28 (or sooner if they find a replacement).
Barr has been linked to Operation Shock Point 2.0 – an alleged federal effort to debank crypto companies.
Senator Cynthia Lummis said that Barr completely failed in his duties and that it is It’s time for a more cryptocurrency-friendly replacement..
3/ Rostin Behnam
CFTC Chairman Rostin Behnam to Resign on January 20 after four years marked by an aggressive application of cryptocurrencies.
He has expressed his opinion on the lack of regulation of cryptocurrencies and that wants his successor to set real boundaries.
And who is next in line? It is rumored that Brian Quintenzformer CFTC commissioner and current political leader at a16z, could fill the spot.
If that’s true, it could mean another pro-crypto voice joining the ranks.
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So yeah, let’s get one of those? “Losing a job is just an opportunity for growth” essays? Who knows.
what we do What we know is that people taking on these roles could bring about some major changes. and cryptocurrencies could be here for it.
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🍋 News falls
🫣 A Canadian crypto forum mod went into hiding with his family after some kidnappers tried to kidnap him, thinking he had 2.5 million BTC. Spoiler: it doesn’t. The guy said, “I’m a normal guy. I might have $10,000.”
🚀 Solana developers are preparing a new hashing system to handle the network’s growing user base. The goal? Make it possible to manage billions of accounts without straining the system.
💸 Gemini is handing over $5 million to the CFTC to resolve a dispute over some claims they made seven years ago. Apparently, back then, his speech on Bitcoin futures was a little too optimistic.
😬 US prosecutors estimate that the collapse of Terraform Labs may have affected more than a million people worldwide. many people adding “trust issues” to their resumes…
🇨🇿 Czech National Bank Governor Aleš Michl raised the idea of using Bitcoin to diversify the country’s foreign exchange reserves. They keep coming… 😉
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🧃 Sip of knowledge
Learn more about Uphold Vault with BitDegree’s latest mission, “Assisted Self-Custody with Uphold Vault”:
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🍌 Juicy memes
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