📊 Bitcoin repeats ATH

🔢 Today, BTC's price reached $73,500, almost repeating its ATH on March 2024 ($73,700). US Bitcoin ETFs received $870 mln of inflows this Tuesday, for a total of more than $4 bln for three weeks. This repeats March’s inflows and probably means that BTC's price can reach a new ATH this week.

🦥 However, altcoins don’t demonstrate high performance: Ethereum $2,650 and TON $5,06. Investors prioritize BTC now.

🦅 How could Donald Trump change crypto regulation in the US?

🇺🇸 Trump's chances of winning are rated higher on Polymarket than Kamala Harris'. I tried to understand exactly how the regulation of cryptocurrencies will change after the presidential election if the Republican candidate wins. All the information is in this article.

😎 Among other things, I found hidden information on how crypto corporates influence US politicians to shape a more favorable agenda for the industry.

🦅 Republican victory

🇺🇸 Donald Trump is overtaking Kamala Harris in swing states and his chances of winning are estimated at 99% on Polymarket.

🚀 Most important, Republicans are gaining a majority in the Senate and Congress.

📃 The Republican-controlled Senate and Congress are likely to pass new laws on crypto and reduce the SEC's authority, making Bitcoin a reserve asset in the US. And if the Fed also cuts rates on November 7, a bull run is very likely.

🇺🇸US is moving the crypto market up

💹 Bitcoin reached a new ATH of $76,500 after the Fed cut rates by 0,25%, as anticipated.

🧾 The city of Detroit will accept crypto payments for state services including taxes and legal fees, city hall officials claimed - an initiative that will be launched by mid-2025 in partnership with PayPal.

🎭 Senator Cynthia Lummis has confirmed her plans to create a US Bitcoin reserve, after Trump's and the Republicans' election win. In her X account, she called Trump “Bitcoin president” and posted her face with laser eyes.

💬 US media discuss who will be the next SEC chair after Gary Gensler's resignation. According to Cointelegraph, the most likely candidates are Robinhood’s legal chief Dan Gallagher, former commissioner Paul Atkins and Robert Stebbins. Also possible are commisioner Hester Pierce and exSEC official Christian Giancarlo.

Tonhub Launches Visa Debit Card for Its Users

Tonhub, a non-custodial wallet for storing and using the TON cryptocurrency, continues to expand the possibilities of Web3!

Users can now apply for a Visa card directly within the app, linked to their TON or USDt balance, and make payments seamlessly via Apple Pay and Google Pay.

At Tonhub, your account isn't just a bank record but a smart contract connected to your wallet on the TON blockchain. You own your funds and manage them directly, elevating your crypto wallet to the level of a neobank.

Key Benefits of the New Card from @tonhub:

▪️ Registration in just a few minutes — quick KYC procedure.
▪️ Minimal fees — only 1.5% per transaction.
▪️ Global payments — all the advantages of a fiat debit card (including SEPA and SWIFT transfers).
The project was realized in collaboration with the Holders platform, specializing in issuing non-custodial cards.

Currently, the service is available only to users with a European ID.

By 2025, there are plans to expand card availability to users in CIS countries, Latin America, and the Middle East, as well as integrate the service with wallets like TrustWallet, TonKeeper, and MyTonWallet.

Try out Tonhub and discover the possibilities of Web3 payments.

Donald PUMP: Bitcoin > $87,000

🇬🇪 Georgia joined CRS, but still good option for crypto

💱 From September 2024, Georgia started exchanging information on financial transactions with foreign tax authorities using the CRS framework. Now information on bank accounts and financial transactions in Georgia in 2023 can be provided by requests through CRS. This includes crypto-to-fiat transactions if they were conducted in Georgia.

🧮 At the same time, Georgia has convenient tax regimes for digital nomads and cryptocurrency companies. For example, a developer can open a sole proprietorship here and pay tax at a rate of 1% (up to $170k per year). There is also a good option for corporates: an IT company may be interested in a special tax regime of a virtual zone with 0% profit tax and 5% tax on dividends. Finally, income from foreign sources is not taxed.

🏦 In addition to the fact that cryptocurrencies are legal in Georgia, both individuals and legal entities can legally perform operations with crypto through barter transactions and declare income from them to the tax authorities. Although the Central Bank of Georgia has formally banned direct crypto payments, barter transactions are still permitted. So you can get crypto rewards in Georgia and declare them as your official income.

💪 By the way, there is also a special tax regime for wealthy foreigners, who can obtain Georgian tax residency and get total tax exemption from foreign sources without living a single day on Georgian territory.

🛰 Bitcoin > $90,000. It looks like $100,000 will be coming very soon.

🚀 Bitcoin has finally broken the psychologically important mark of $90k. Apparently, $100,000 is already close - after all, the inflows in ETF are growing at a furious pace, only in the first 2 days of this week more than $2 billion - something like this happened only in March 2024. In general, some period of hot growth apparently awaits us further - waiting for decisions on Bitcoin reserve in the United States and rate cuts by monetary regulators.

🚩In addition, $100,000 is a very beautiful figure to overcome (and take out traders playing with the leverage along the way). Be careful.

🇬🇧 UK: Mission Impossible

📝 UK legislators are going to provide new regulations on stablecoins and NFTs. According to Circle sources in Parliament, adoption of new rules for stablecoins will take time - stablecoin upgrades are still not approved. However, a new version of the UK’s Property Bill will contain the terms 'cryptocurrency' and 'NFT'. These types of digital assets will be qualified as personal property.

⛔️ The UK remains a tough jurisdiction for the crypto business. For the whole of 2024, the FCA granted only 1 VASP registration, and 87% of new VASP registrations were rejected in 2023. The reason for this high rejection rate is potential AML violations.

🕳 Fortunately, cryptocurrency companies do not have to obtain an FCA VASP registration for all activities—the UK has an e-money license, which can be used for some crypto operations. In addition, businesses can enter into partnership agreements with companies that already have FCA registration as a VASP or an e-money license.

🐮 Will Trump make crypto tax-free?

🇺🇸 This week, the media discussed new possible changes in crypto policy that the Donald Trump administration can provide. He can cancel capital gain tax for all cryptos issued or registered in the United States. Gains from sale of cryptos like Ripple and Cardano will, in this case, be tax-free for US tax residents. This looks like a great move for the industry in the US.

🎈Although this information has not been officially confirmed yet, it mainly refers to unnamed sources in the Trump team, so it could be a fake.

I've asked Trump and some GOP officials. Please, subscribe my X account to support this activity.

https://x.com/crypto_pen_on/status/1857841906362818892?t=DVBd0pNcEmDgSYwMK1IUqQ&s=19

🇪🇺 VASP transition to CASP

🔖 Requirements for crypto entities in the EU are getting stricter under MiCA. Registered VASPs are obligated to get CASP (Crypto Asset Service Provider) license. Apart from the name change, this implies stricter licensing and auditing procedures - more restrictions and costs.

🔀 The picture shows how many months different EU countries give for this transition.

🇵🇱🇱🇹Poland, Netherlands, and Lithuania gave companies only half a year. Probably such small terms for Poland and Lithuania are caused by too many operating crypto entities in these countries and the desire of EU to introduce stricter control over VASP there. Probably the number of licenses in Lithuania and Poland will decrease significantly.

💛 On the contrary, France, Luxembourg, Malta, Estonia, Czech Republic and Cyprus (it is not in the table) have a long transition period for VASPs - 18-19 months.

🏆 Bitcoin > $97,000 and $100k is waiting…

🚀🚀🚀 Bitcoin continues to update its ATH today, November 21, breaking through the $95k mark to reach over $97k. There is almost no doubt that $100k will also be breached this week, and most likely today.

📝 One of the main reasons is the changes in cryptocurrency regulation in the US. Donald Trump met with Coinbase CEO Brian Armstrong the other day and Bloomberg messaged yesterday about Armstrong's possible appointment as the White House's head of crypto policy. Meanwhile, Congress and the Senate are preparing to discuss a Bitcoin Reserve.

🗽Great resignation

🎁 Gary Gensler will resign on January 20. He announced the news in his X account. Apparently Bitcoin will reach $100,000 pushed by this fact.