Crypto soothsayer
😂 Justin Sun goes bananas for $6.2M! TRON’s Justin Sun bought Maurizio Cattelan’s famous duct-taped banana art, “Comedian,” for a whopping $6.2M. 🍌 He announced on X that he plans to eat the banana soon, calling it a tribute to both art history and pop culture.…
🍌 Justin Sun and the $6M Banana Drama
Justin Sun, founder of Tron, reportedly pressured CoinDesk to delete a spicy article about his $6.2M banana purchase—an art piece from Maurizio Cattelan's “Comedian”. Oh, and he allegedly ate it too. 🥴
The article didn’t just discuss Sun’s pricey snack but also touched on his SEC troubles and accusations of Tron being used for shady financial activities. CoinDesk's tone? Too sour for Sun’s liking. His team complained, and soon after, Bullish (CoinDesk's owner) had the piece removed.
Ironically, Bullish once promised CoinDesk’s editorial independence after acquiring it in 2023. Fast-forward, their editor-in-chief, a former WSJ leader, resigned this week. Guess bananas aren’t the only thing peeling under pressure. 🍌🤷♂️
Justin Sun, founder of Tron, reportedly pressured CoinDesk to delete a spicy article about his $6.2M banana purchase—an art piece from Maurizio Cattelan's “Comedian”. Oh, and he allegedly ate it too. 🥴
The article didn’t just discuss Sun’s pricey snack but also touched on his SEC troubles and accusations of Tron being used for shady financial activities. CoinDesk's tone? Too sour for Sun’s liking. His team complained, and soon after, Bullish (CoinDesk's owner) had the piece removed.
Ironically, Bullish once promised CoinDesk’s editorial independence after acquiring it in 2023. Fast-forward, their editor-in-chief, a former WSJ leader, resigned this week. Guess bananas aren’t the only thing peeling under pressure. 🍌🤷♂️
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🚀 The Crowd Believes in a Rebound
Bitcoin bounced back to $98,000 after last night’s dip, but the descending trend remains intact.
🔍 But, according to Santiment, social media is buzzing with calls to "buy the dip," reaching the highest level in 8 months.
✅ A similar surge in optimism occurred during the August 4th crash. Back then, Bitcoin's market cap soared by +81%. 📈
Will history repeat itself, or is a further drop on the horizon? Share your thoughts below! 💬
🔥 -The drop is over, Bitcoin is now set to rise.
🗿- The correction is not over yet.
Bitcoin bounced back to $98,000 after last night’s dip, but the descending trend remains intact.
🔍 But, according to Santiment, social media is buzzing with calls to "buy the dip," reaching the highest level in 8 months.
✅ A similar surge in optimism occurred during the August 4th crash. Back then, Bitcoin's market cap soared by +81%. 📈
Will history repeat itself, or is a further drop on the horizon? Share your thoughts below! 💬
🔥 -The drop is over, Bitcoin is now set to rise.
🗿- The correction is not over yet.
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🎅 Will Bitcoin Deliver a Santa Rally?
📉 The recent dip in Bitcoin’s price has left the crypto community questioning the chances of a "Santa rally." Despite the uncertainty, many investors remain optimistic.
🔥 Popular crypto blogger Crypto Rover believes BTC will soon bounce off its local low and continue climbing to new heights.
📊 Meanwhile, trader @follis pointed out that a similar dip occurred late last year. If history repeats itself, Bitcoin could resume its ascent by Q1 2025.
📉 The recent dip in Bitcoin’s price has left the crypto community questioning the chances of a "Santa rally." Despite the uncertainty, many investors remain optimistic.
🔥 Popular crypto blogger Crypto Rover believes BTC will soon bounce off its local low and continue climbing to new heights.
📊 Meanwhile, trader @follis pointed out that a similar dip occurred late last year. If history repeats itself, Bitcoin could resume its ascent by Q1 2025.
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📉 Record Outflow of $680M from Bitcoin ETFs
On December 19, U.S. Bitcoin ETFs saw a record $680M net outflow in a single trading day—the largest since their inception. This marks a sharp reversal after consistent inflows since November 25. 🤷
💡 The investor withdrawal coincided with Bitcoin’s price drop during the U.S. trading session, falling from $102K to a weekly low below $97K. By December 20, BTC slid further, dipping under $96K.
🔍 Spot ETFs directly impact the market as they involve the actual purchase or sale of Bitcoin to back fund shares. These funds, managed by giants like BlackRock and Fidelity, hold $110B in Bitcoin—approximately 6% of all circulating supply.
On December 19, U.S. Bitcoin ETFs saw a record $680M net outflow in a single trading day—the largest since their inception. This marks a sharp reversal after consistent inflows since November 25. 🤷
💡 The investor withdrawal coincided with Bitcoin’s price drop during the U.S. trading session, falling from $102K to a weekly low below $97K. By December 20, BTC slid further, dipping under $96K.
🔍 Spot ETFs directly impact the market as they involve the actual purchase or sale of Bitcoin to back fund shares. These funds, managed by giants like BlackRock and Fidelity, hold $110B in Bitcoin—approximately 6% of all circulating supply.
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📉 CZ’s Tweet Becomes Reality as Bitcoin Dips!
As Bitcoin slides to $94,000, the crypto community recalls Binance CEO CZ’s prophetic tweet from December 17, 2020:
While Bitcoin’s drop began at $108,000, a strong support level is around $90,000. Will this be the next stop, or is there more turbulence ahead? 🤔
As Bitcoin slides to $94,000, the crypto community recalls Binance CEO CZ’s prophetic tweet from December 17, 2020:
Waiting for the new headline: Bitcoin "CRASHES" from $101,000 to $85,000. Save the tweet.
While Bitcoin’s drop began at $108,000, a strong support level is around $90,000. Will this be the next stop, or is there more turbulence ahead? 🤔
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🔥 Bitcoin Mining Heats Up Finland
MARA Holdings announced a second district heating project in Finland, serving a city of 67,000 residents exclusively with heat generated from Bitcoin mining. 🔨
With this addition, the company now provides heating for 80,000 people—a sustainable twist on mining’s energy usage! 🌱♨️
MARA Holdings announced a second district heating project in Finland, serving a city of 67,000 residents exclusively with heat generated from Bitcoin mining. 🔨
With this addition, the company now provides heating for 80,000 people—a sustainable twist on mining’s energy usage! 🌱♨️
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🐳 Long-term BTC investors (holding for over 155 days) have sold approximately 1M BTC since September.
Short-term investors stepped in, accumulating 1.3M BTC and driving Bitcoin back to $98,000 after yesterday’s dip to $92,000. 📈
A dynamic shift in market power—who will prevail next? 🤔
Short-term investors stepped in, accumulating 1.3M BTC and driving Bitcoin back to $98,000 after yesterday’s dip to $92,000. 📈
A dynamic shift in market power—who will prevail next? 🤔
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🇪🇺 European exchanges must delist Tether's USDT by Dec. 30 under new MiCA regulations, aimed at tighter oversight.
This move could drain EU market liquidity as USDT is the most liquid stablecoin, critical for trading and cross-border payments. 💶
This move could drain EU market liquidity as USDT is the most liquid stablecoin, critical for trading and cross-border payments. 💶
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🚨 Trust Wallet Glitch Causes Panic, But Funds Are Safe
On Dec. 21, Trust Wallet users were shocked as a glitch made their crypto balances disappear and reappear. Some even thought their wallets were drained! 😱
🕐 By 8:05 AM UTC, the issue was resolved, and Trust Wallet reassured users: “No more glitches! Funds are safe.” Crisis averted.
🥷 Meanwhile, in 2024, hackers stole a staggering $2.2B in crypto, with North Korean groups behind 61% of the thefts. Compared to that, a glitch seems almost… cute? 🐾
On Dec. 21, Trust Wallet users were shocked as a glitch made their crypto balances disappear and reappear. Some even thought their wallets were drained! 😱
🕐 By 8:05 AM UTC, the issue was resolved, and Trust Wallet reassured users: “No more glitches! Funds are safe.” Crisis averted.
🥷 Meanwhile, in 2024, hackers stole a staggering $2.2B in crypto, with North Korean groups behind 61% of the thefts. Compared to that, a glitch seems almost… cute? 🐾
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🌐 Peter Schiff Proposal: USAcoin Over Bitcoin 😂
Renowned Bitcoin critic Peter Schiff can't seem to accept BTC's dominance and has pitched the idea of a U.S. national cryptocurrency — USAcoin. 🇺🇸💰
👀 In his vision, USAcoin would replace Bitcoin as a strategic reserve asset, saving the country significant funds. The concept involves limiting the coin's supply, much like Bitcoin, but using an upgraded blockchain for enhanced functionality and seamless daily transactions. 💳
Renowned Bitcoin critic Peter Schiff can't seem to accept BTC's dominance and has pitched the idea of a U.S. national cryptocurrency — USAcoin. 🇺🇸💰
👀 In his vision, USAcoin would replace Bitcoin as a strategic reserve asset, saving the country significant funds. The concept involves limiting the coin's supply, much like Bitcoin, but using an upgraded blockchain for enhanced functionality and seamless daily transactions. 💳
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Bitcoin Centralization on the Rise? 🤔
According to CryptoQuant CEO, ETFs, governments, and MicroStrategy now collectively hold 31% of all coins among verifiable Bitcoin holders. 🔗
For context, this figure was just 14% last year, showing a sharp rise in institutional and governmental involvement. 🏦
According to CryptoQuant CEO, ETFs, governments, and MicroStrategy now collectively hold 31% of all coins among verifiable Bitcoin holders. 🔗
For context, this figure was just 14% last year, showing a sharp rise in institutional and governmental involvement. 🏦
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🚨 HyperLiquid Under Threat of Hacking
HyperLiquid has reportedly become a trading ground for wallets linked to North Korean hackers. 🥷
Currently, their trading losses amount to $700,000. Speculation on Twitter suggests they might be testing the platform's vulnerabilities. 👀
If hackers manage to compromise 3 out of 4 validators, they could steal $2.3 billion in USDC. 💵
For now, their positions face liquidation risks — let’s hope they don’t get too upset and retaliate! 🤪
HyperLiquid has reportedly become a trading ground for wallets linked to North Korean hackers. 🥷
Currently, their trading losses amount to $700,000. Speculation on Twitter suggests they might be testing the platform's vulnerabilities. 👀
If hackers manage to compromise 3 out of 4 validators, they could steal $2.3 billion in USDC. 💵
For now, their positions face liquidation risks — let’s hope they don’t get too upset and retaliate! 🤪
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📈 Bitcoin Will Recovery above $100K? Experts Weigh In
Bitcoin sentiment among traders has hit its lowest level in a year, sparking predictions of a price rebound above $100,000, according to Santiment.
🔍 Key insights:
▪️Following a 10% drop from the ATH of $108,300, the ratio of positive to negative posts about Bitcoin stands at 4:5.
▪️Analysts suggest heightened FUD (fear, uncertainty, doubt) among traders often signals market moves against expectations — a potential recovery is on the horizon.
📊 Historical parallels:
Analyst Elja Boom highlighted similarities between Bitcoin’s current daily chart and its dynamics during the 2016 U.S. election, before Trump’s victory.
- he noted, hinting at a possible bullish outcome. 🚀
Bitcoin sentiment among traders has hit its lowest level in a year, sparking predictions of a price rebound above $100,000, according to Santiment.
🔍 Key insights:
▪️Following a 10% drop from the ATH of $108,300, the ratio of positive to negative posts about Bitcoin stands at 4:5.
▪️Analysts suggest heightened FUD (fear, uncertainty, doubt) among traders often signals market moves against expectations — a potential recovery is on the horizon.
📊 Historical parallels:
Analyst Elja Boom highlighted similarities between Bitcoin’s current daily chart and its dynamics during the 2016 U.S. election, before Trump’s victory.
“We have seen this before 👀 ”
- he noted, hinting at a possible bullish outcome. 🚀
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📈 Telegram Turns Profitable!
For the first time in 3 years, Telegram has reported a net profit, earning over $1 billion, according to Pavel Durov. 💰
✅ The platform now boasts a $500M reserve, excluding its crypto assets.
Telegram has officially climbed out of its financial struggles—stronger days ahead for TON? 🚀 Stay tuned!
For the first time in 3 years, Telegram has reported a net profit, earning over $1 billion, according to Pavel Durov. 💰
✅ The platform now boasts a $500M reserve, excluding its crypto assets.
Telegram has officially climbed out of its financial struggles—stronger days ahead for TON? 🚀 Stay tuned!
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MicroStrategy Boosts Bitcoin Holdings!
💰 MicroStrategy has acquired an additional 5,262 BTC for $561M, paying an average of ~$106,662 per Bitcoin.
📊 As of December 22, the company now holds a whopping 444,262 BTC, purchased for a total of ~$27.7B at an average price of ~$62,257 per Bitcoin.
MicroStrategy continues to double down on its Bitcoin strategy—what’s next for the crypto giant? 🚀
💰 MicroStrategy has acquired an additional 5,262 BTC for $561M, paying an average of ~$106,662 per Bitcoin.
📊 As of December 22, the company now holds a whopping 444,262 BTC, purchased for a total of ~$27.7B at an average price of ~$62,257 per Bitcoin.
MicroStrategy continues to double down on its Bitcoin strategy—what’s next for the crypto giant? 🚀
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✋ Paper Hands Are Folding
New traders who entered the market in the last 2-3 months are heavily selling $BTC and $ETH. This panic is driven by their inexperience and lack of understanding that mid-sized corrections are normal. 📉👌
🤷♂️ When retail investors sell emotionally, experienced players like whales and sharks seize the opportunity to accumulate assets at lower prices.
As a result, Paper hands lose their positions, while Diamond hands grow stronger. 🦾 The market is setting up for a potential rebound, but the key is to stay calm. 🫡
New traders who entered the market in the last 2-3 months are heavily selling $BTC and $ETH. This panic is driven by their inexperience and lack of understanding that mid-sized corrections are normal. 📉👌
🤷♂️ When retail investors sell emotionally, experienced players like whales and sharks seize the opportunity to accumulate assets at lower prices.
As a result, Paper hands lose their positions, while Diamond hands grow stronger. 🦾 The market is setting up for a potential rebound, but the key is to stay calm. 🫡
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🎄 Holiday Heist in Crypto
🥷 According to Certik, hackers have stolen $320,000 in an attack on Moonwell Periphery, targeting @MoonwellDeF lending pools on Optimism.
🎁 It seems someone got their Christmas gift early this year. 👀
🥷 According to Certik, hackers have stolen $320,000 in an attack on Moonwell Periphery, targeting @MoonwellDeF lending pools on Optimism.
🎁 It seems someone got their Christmas gift early this year. 👀
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📉 Market Correction in Perspective
The current market dip (-11.7%) aligns with average pullbacks since September 2023. For comparison, the largest correction occurred in August 2024, hitting -26.4%. 👀
In simple terms, nothing extraordinary is happening right now. Stay calm and remember: corrections are part of the cycle. 🔄
The current market dip (-11.7%) aligns with average pullbacks since September 2023. For comparison, the largest correction occurred in August 2024, hitting -26.4%. 👀
In simple terms, nothing extraordinary is happening right now. Stay calm and remember: corrections are part of the cycle. 🔄
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📰 MicroStrategy Hits the Spotlight
The Wall Street Journal featured MicroStrategy with a full spread! 🎧 On the cover: 24-year-old DJ Aiden Perez, who doubled his portfolio on MicroStrategy stocks. Inspired, he created a house track with Michael Saylor’s iconic line: "People that use fiat currency ... we call them poor." 😂
Crypto and beats—an unstoppable duo! 🎶💸
The Wall Street Journal featured MicroStrategy with a full spread! 🎧 On the cover: 24-year-old DJ Aiden Perez, who doubled his portfolio on MicroStrategy stocks. Inspired, he created a house track with Michael Saylor’s iconic line: "People that use fiat currency ... we call them poor." 😂
Crypto and beats—an unstoppable duo! 🎶💸
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