💩 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 👍☝️

Tether has launched a new cross-chain version of USDT 🤑

USDT0 will help extending USDT's reach across blockchains with seamless transfers and 1:1 backing by USDT based on the Ethereum network 🔗

♾ The New York Times has speculated that Trump could create a strategic Bitcoin reserve through an executive order on his first day in office ✊ 🥇

🇺🇸 With Trump's inauguration just days away, we are on the brink of a new era for the crypto industry. Today's highlights include:

🟠 Nasdaq has filed a key form to obtain U.S. Securities and Exchange Commission approval for a spot Litecoin ETF from Canary Capital. Prospective LTC ETFs could see inflows of up to $580 million if investors adopt them at the same rate as the bitcoin ETFs. If it happens, LTC price may double in a very short period of time.

🟠 President-elect Donald Trump is open to creating an "America First" strategic reserve that prioritizes U.S.-based crypto projects. The initiative prioritizes assets like SOL, and XRP so keep an eye on these coins.

🟠 Federal Reserve Governor Christopher Waller says "three or four cuts could be possible this year." If it comes out true, this is very bullish for markets as economy will be flooded with more cheap money driving asset prices even higher.

🟠 Senator Cynthia Lummis says whistleblowers at the FDIC are claiming that the agency is destroying documents related to digital assets. Well, they seem to be covering their tracks before the new presidential administration comes in.

SpaceX Starship was destroyed during a test flight forcing airline flights over the Gulf of Mexico to alter course to avoid falling debris. Mesmerizing ✨🚀

🚨 The U.S. Supreme Court has upheld a law that bans TikTok nationwide unless its China-based parent company, sells the platform by this Sunday 🚫