Also: List of grayscale altcoin contenders
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GM. Open some freshly squeezed orange juice and let’s celebrate: today we officially turn 100 editions 🥹 Yeah, we’re a little excited…don’t judge.
Anyway, here’s what we served on this special occasion:
🦅 Crypto expects a lot from Trump, but real progress will take time.
🍋 News drops: Grayscale delists altcoins they are considering investing in, Wolf Capital co-founder pleads guilty to wire fraud, and more
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🍍 Taste of the market today
If cryptocurrencies had a love language, They would be mixed signals.. Today’s vibe? A little confusing (but kind of exciting, as always).
First, the Fear and Greed Index bounced back to Greed after falling to Neutral during a hot second on Friday, and Bitcoin been relaxed in the area of $94k – $96k all weekend.
Markets suffered an unexpected shock solid US employment data – Many more people were hired in December than expected, in addition to a surprisingly low unemployment of 4.1%.
When the Federal Reserve sees strong employment numbers like this, it less likely to reduce interest rates because they don’t want the economy to overheat and cause inflation to rise again.
That said, Charles Edwards of the Capriole Fund thinks that while the short-term reaction to the data could be bearish, the The underlying strength in the labor market could actually extend the long-term bull run..
And you know what they say – When in doubt, look to Michael Saylor. MicroStrategy bought another 2,530 BTC at around $95k per coin, bringing its total holdings to 450k BTC.
On the altcoin side, CryptoQuant contributor Burakkesmeci highlighted than smaller currencies (anything other than Bitcoin or Ethereum) are dominating Binance trading volume: 77.83% right now, up from around 50% in May 2024. Believes this could be a sign that a Altcoin bull market brewing for 2025.
Contradictory signals or not, at least cryptocurrencies don’t fool us. And we’re still looking for the next big bomb.
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🥝 Harvest of memecoins
Is it Arts and Crafts Day? Because these memecoins are Painting green sails here 🎨
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24H change |
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hispanic pepe CONCHO |
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dog with apple in mouth APPLE |
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Dony Mountain DOME |
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Magaverse MVRS |
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Data at 06:55 am EST.
Check out these memecoins and many more here.
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Since Donald Trump was elected as the next US president, the crypto community has united around one narrative: brother is going to inflate our suitcases like never before.
Because? Good, His campaign promises painted a picture of a future crypto he would love to see: better regulations, broader adoption, we’re back, to the moon, yada yada yada.
But let’s not get ahead of ourselves just yet. Greg Cipolaro, head of research at NYDIG, came with a reality check – Things May Not Move As Fast as Some Hope.
Bitcoin Strategic Reserve
One of the juiciest ideas circulating is that of a strategic Bitcoin reserve in the United States.
A executive order (EO) – basically a presidential order to “make this happen now” – technically you could set it right away. The problem: EOs are temporary, so a new president could revoke it with a quick “No.”
For something more permanent, like the Bitcoin Law proposed by Senator Cynthia Lummis, would need the support of Congress… which could last for months or even years.
And that’s not all: it gets even more complicated when we start thinking about where the BTC will come from.
The US government already has around 198K BTC (worth $18.3 billion), and around 120 thousand BTC came from the Bitfinex hack. If Trump decides to use that stash for a Bitcoin reserve, Bitfinex could come out like, “Hey, actually, that’s ours,” and we’d get a lot of legal drama + everything would be delayed.
Even if Bitfinex somehow agrees to say goodbye to $11 billion in BTC (…which, yes, is not possible), Using existing currencies does not create new demand.. Translation: no price bomb. And we all know that’s what we’re really here for.
The dream team
As for who will run the show in Washington, there’s also a lot up in the air.
SEC Chairman Gary Gensler is already packing his bags, but his likely replacement, Paul Atkins, still needs to be confirmed. To put it in context, Gensler wasn’t sworn in until four months into Biden’s presidency.
Other important roles at the CFTC, OCC, and FDIC are still open, and Filling those positions will take months..
TL;DR: It will take a while for Trump’s crypto avengers to come together, let alone make changes.
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Bitcoin made in the USA?
Catchy in theory, very vague in practice.
Other regulations
Two major cryptocurrency legislation projects are still in progress:
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The FIT21 Law– This bill aims to create a clear regulatory framework for digital assets by defining the roles of the SEC and CFTC. It was passed by the House in May 2024 and is now awaiting Senate review;
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The Stablecoin Payment Clarity Act of 2023: This bill would regulate stablecoin issuers by requiring clear reserves and oversight. This one hasn’t even come to a vote in the House yet.
Congress leans more conservative = there may be less willingness to compromise = progress on both bills could be slower.
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In general, the trip to the moon is not canceled, You’re just stuck in traffic. Patience, friends.
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🍋 News drops
🤖 UK Prime Minister Keir Starmer wants to inject AI directly into the UK’s bloodstream with billions from private tech companies and a 50-point action plan. The plan includes AI growth zones, a supercomputer and a national data library.
⚖️ Wolf Capital co-founder and lead trader Travis Ford confessed to running a $9 million wire fraud scheme. It turns out that All those promises of “high returns” were false: he was actually using investors’ money for his own piggy bank.
🧐 Grayscale dropped a “maybe” list of 39 altcoins they are analyzing for future investment products. Meaning: None of these coins are in your lineup yet, but they are officially on the radar.
🇰🇪 Kenya is planning a suitable legal framework for cryptocurrencies. It’s funny how times change – In 2015, the Central Bank issued a warning against cryptocurrencies, but now? They seem to be warming to the idea.
💸 Looking for cheap crypto exchanges? We’ve rounded up the cheapest options so you can save your coins for, well, more coins.
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🍌 Juicy memes
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As we close out today’s edition, we just want to take a moment to say thank you 🧡
Whether you’ve been with us since day 1 or recently joined the juice bar, we appreciate each of you. Cryptocurrency news wouldn’t be half as fun without you to share it with!
Here’s to the next 100 squeezes and to you, the real MVPs. Stay juicy, stay curious and we’ll see you tomorrow for more spicy takes 🍊
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