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π° Jan3: If you're going to lose your job, you probably want Bitcoin.
As AI drives the cost of labor to zero, the only safety net left is an asset that cannot be printed or manipulated. link
As AI drives the cost of labor to zero, the only safety net left is an asset that cannot be printed or manipulated. link
ππ± #BTC Santiment: According to social media data, the amount of negative commentary toward Bitcoin has spiked to (by far) the highest levels of the year. Crypto traders are expressing FUD over the coin's lowest market value ($84.2K today) since November 21st.
Historically, this switch to extreme fear is a signal that capitulation has almost occurred. With capitulation comes retail selloffs, and smart money will subsequently scoop up these coins to inevitably send prices higher.
For now, expect a bit more unpredictable turbulence as equities, gold, and silver have all experienced their own retraces that are impacting crypto markets.
Historically, this switch to extreme fear is a signal that capitulation has almost occurred. With capitulation comes retail selloffs, and smart money will subsequently scoop up these coins to inevitably send prices higher.
For now, expect a bit more unpredictable turbulence as equities, gold, and silver have all experienced their own retraces that are impacting crypto markets.
πΊπΈπ° Crypto Czar David Sacks says the US is "one step closer" to becoming the "crypto capital of the world."
π΅οΈ 348,000,000 #USDC (348,487,200 USD) transferred from Coinbase Institutional to Coinbase link
π΅οΈ 1,296.50 #BTC ($109,423,247)
aggregated inflows to Binance link
aggregated inflows to Binance link
πΊπΈπ Senate reaches spending deal to avoid US government shutdown.
πΊπΈπ President Trump sues IRS and US Treasury for $10 billion over tax return leaks.
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π£ President Trump to announce new Federal Reserve Chair tomorrow morning.
πΊπΈπ΅οΈ The U.S. Department of Justice announced that it obtained legal title to over $400 million in cryptocurrencies, real estate, and monetary assets related to the darknet mixing service Helix. Operator Larry Dean Harmon pleaded guilty to conspiracy to commit money laundering in August 2021 and was sentenced in November 2024 to 36 months in prison, three years of supervised release, and asset forfeiture. Helix processed over $300 million in crypto transactions from 2014 to 2017. link
π€ Kazakhstan's central bank investment subsidiary NIC plans to enhance national crypto reserves using seized cryptocurrencies, gold, and foreign currency, with an allocation of $350 million. Director Timur Suleimenov mentioned that purchases will occur through five hedge funds. President Kassym-Jomart Tokayev reported that police have shut down 130 illegal exchanges, generating approximately $124 million in revenue, and seizing assets exceeding $5 million. #regulation link
π° Andre Cronje-led DeFi project Flying Tulip has raised additional funding through private and public token sales. The private Series A round raised $25.5 million at a $1 billion FDV, bringing total institutional funding to $225.5 million. Additionally, the project has raised $50 million via Impossible Finance's Curated platform and allocated $200 million for the upcoming CoinList public sale. link
π½ SEC Chair Paul Atkins stated that crypto innovation exemptions, covering tokenized securities and DeFi, may not be released this month or next due to cautious handling. He had previously hoped for a January release. Wall Street giants JPMorgan, Citadel, and SIFMA met with the SEC's crypto task force to express concerns about the exemptions' economic impact. #regulation link