🇧🇹 Bhutan’s Gelephu bets big on crypto

Bhutan’s Gelephu Mindfulness City is adding Bitcoin, Ethereum, and BNB to its strategic reserves.

This move makes it one of the first regions to integrate crypto into its economic framework. The focus is on high-cap, liquid assets to ensure stability and easy trading.

Could this be the start of nations embracing crypto reserves? 😮

Imagine, dozens of indicators collected in one place and helping to analyze if we have reached the top of the market 😨

Thanks to Coinglass, we don't have to imagine, because they have created this publicly available checklist with 30 indicators, each of which helps to determine the stage of the market cycle 📊📊

The page has a handy scale from 1 to 100, where 1 means that the BTC market top is not even close and 100 means that we have reached the macro top 📉

Right now the scale shows 1, which is "100% Hold" — bullish

Trump will nominate Scott Bessent for Treasury Secretary position, not many people know he disclosed owning up to $500,000 BTC through BlackRock's spot ETF 😨

Think about it, the person who formulates economic policy, manages federal finances, and advises President on fiscal matters is openly longing Bitcoin 🤑

Crypto sell-off 📉

Many top 100 MC alts are down >25% in the last 7 days, billions of dollars in leveraged longs have been liquidated and Bitcoin dominance is on the rise again🔽

🤑 BTC is down 8.4%

🤑 ETH is down 16.00%

Tether, the company behind USDT stablecoin, has secured a Digital Asset Service Provider license in El Salvador and is relocating its headquarters there 🤑🇸🇻

💩 JPMorgan Chase CEO says Bitcoin is a Ponzi scheme that has no intrinsic value, added that it is “useless as a pet rock”.

🤥 As usual, Jamie Dimon says one thing, but his bank does another. JPMorgan has been involved in Bitcoin and crypto for many years.

On top of that, JPMorgan holds 387 shares in BlackRock's spot BTC ETF and 775 shares in Grayscale's Bitcoin Trust 🤭

Understanding Global Liquidity 📈

Global liquidity is the total money supplied by central banks around the world

When central banks add funds, it encourages more investment, boosting both traditional and crypto markets. When they pull back, investors have less money to spend.

🕯 Stock and crypto markets rely heavily on this liquidity. More cash usually lifts prices, while reduced liquidity can push them down as there's less money chasing the same amount of assets.

📉 Recently, global liquidity has decreased by $4.2 trillion, creating uncertainty for both markets. Less money available means slower price growth and makes it harder for asset prices to keep rising.

You can see a strong correlation in the chart above. When the money supply is rising, it's bullish. Fortunately, in the long run, it will rise insanely high because fiat money is worthless and can be created out of nothing 🤷‍♀️

#FAQ

It's so good to see a nice pump after yesterday's market drop 🔼

🤑 Bitcoin has bounced 8.15% off its local low and is heading towards $97,000.

Did you buy the dip?

Yes — 🔥

No — 🫡

🇮🇹 Intesa Sanpaolo, Italy's largest bank, has purchased 11 BTC for approximately €1 million, marking its first direct investment in crypto.

This move reflects the bank's strategy to prepare for potential future client demands in the evolving digital asset landscape 🥇

What is DeFAI? 🤖

AI is transforming a lot of industries, when you combine that with crypto, it's significant because it can make handling digital asset investments much easier and more efficient.

DeFAI stands for Decentralized Finance (DeFi) combined with Artificial Intelligence. It's about using AI to make DeFi more user-friendly and efficient. AI can automate complex tasks like trading, yield farming, or governance, making crypto interactions smoother for everyone.

😮 In the near future, you'll be able to say "Hey ChatGPT, I'm giving you $1,000, your job is to invest it at 20% APR and reinvest the profits in Dogecoin" and the AI will do everything for you.

Below are a few interesting projects in this niche 👇

🤖 Have you ever imagined how easy it would be to swap, bridge, borrow crypto, or even deposit into protocols managed by the bot? Well, you can do all of that and more thanks to HeyAnon AI.

🤖 Imagine creating your own fine-tuned AI agent specifically for your tasks. It will be able to do all the actions related to crypto for you. Griffain does it.

🤖 Want Google search but for Solana blockchain? Use Neur. For example, you can ask 'What's trending right now?', 'Which meme coins have pumped the most recently?' and it will answer all your promts.

🤖 Want to evaluate impact, market cap, and engagement of AI agents' tokens? Use Cookie DAO app, this is a dashboard designed to track the performance of AI agents by providing real-time blockchain and social metrics.

It's been a tough cycle for Ethereum, and it's been underperforming quite a bit. It's almost comical, honestly 🤑😂

XRP continues to outperform the market, and with the price steadily approaching $3.00 a new ATH is just around the corner 🤑 🚀

The Dubai government is planning to build a 17-story Crypto Tower, which is expected to be finished by 2027 🇦🇪🔧

U.S. inflation aligns with expectations as CPI rises 2.9% YoY, while core CPI slightly underperforms at 3.2% YoY (estimated 3.3%) 📊

After this news Bitcoin pumped above $99,000 🔼

BlackRock's head of digital assets says Bitcoin adoption is still in early stages 🤑

Recently, BlackRock, the company with the largest assets under management in the world, said a lot of bullish things about BTC and crypto 👇

• Crypto has "outpaced growth for mobile phones and the internet."

• BlackRock also said "Bitcoin is the world's leading and most widely adopted crypto asset."

‼️ South Korea’s financial regulator has ordered Upbit crypto exchange to suspend operations over 700,000 KYC violations. The final penalty decision set for January 21 🇰🇷

Justin Sun posted about 20% APY on his USDD 2.0 stablecoin, which some find troubling given how high-yielding stable schemes have turned out in the past 😐

While it is not the same as the UST, the APY number and the lack of clarity on where the yield is coming from is raising eyebrows among seasoned observers.

Critics point to Sun's reported control over large portions of his own TRON token supply, suggesting that he may be artificially subsidizing this high yield on USDD (a soft name for a “Ponzi scheme”) ⚠️

This practice could raise suspicions, as truly sustainable models typically have transparent funding sources and verifiable auditing processes, not just "we have a lot of money".

Anyone considering investing in USDD 2.0 deserves to lose money. Justin Sun has a very shady past and I recommend staying away from his products 👍☝️