Daily Crypto & AI News Update

🌍 Trump on Crypto & AI:
“We will do something big with Crypto because we don’t want China or others leading. We aim to stay far ahead of AI, producing massive energy.”

💼 BlackRock:
Allocating up to 2% of portfolios to Bitcoin is seen as a “reasonable range.”

🏛️ Texas Bitcoin Fund:
Rep. Giovanni Capriglione has filed a bill to create a Strategic Bitcoin Reserve Fund for Texas.

⚖️ Congressman Tom Emmer:
Criticized SEC Chair Gary Gensler, accusing him of ruining the SEC’s reputation with poor enforcement practices.

🚀 Elon Musk:
Called the SEC a “weaponized organization doing dirty political work.”

Stay updated for more insights!

🔼 Ethereum TVL Hits All-Time High

🟢 The Total Value Locked (TVL) on Ethereum has reached a record high, driven by the recent surge in Ethereum’s price. The top five protocols by TVL on the Ethereum network are Lido, AAVE, EigenLayer, Etherfi, and Spark

Here’s the full translation with engaging icons:

💵 Today’s BTC ETF Fund Flows: Net inflow of $597.6M!

🟢 📈 Big Player Move: The largest whale is back, accumulating $430M worth of Bitcoin.

🟢 📊 Other Funds: Actively buying BTC, led by Grayscale (Mini) with over $110M.

🟢 📉 Grayscale (Main): Continues selling BTC, offloading nearly $50M today.

🇺🇸 Currently, 98.5% predict that the interest rate will be cut by 25 basis points at next week’s FOMC meeting.

📰 According to a report by WSJ, Trump’s advisors are exploring ways to reduce or eliminate key banking regulatory agencies, including the possibility of abolishing the FDIC.

🟢 For those unfamiliar, FDIC stands for the Federal Deposit Insurance Corporation—an independent U.S. government agency established in 1933 to protect depositors when banks or financial institutions go bankrupt.

🟢 If a bank fails, the FDIC compensates victims for their deposits up to $250,000. However, if you have more than $250K, you’ll only get a maximum of $250K 😁.

🟢 Imagine if someday Trump sets up an insurance agency not backed by dollars but by Bitcoin instead

🔼 BlackRock’s Ethereum ETF has surpassed $3 billion in inflows, with analysts forecasting that $ETH could potentially rally to $15,000.

🟢 At its current price of $4,000, this would represent a 4x increase. While the target seems achievable, the timeline for such growth remains uncertain as BlackRock has not provided further insights 😄

🔼 Daily Active Cryptocurrency Users Reach Record High
In December, daily active users in the crypto space hit a record of 18.7 million, doubling from 7.7 million at the start of the year.

👀 Bitwise Predicts Bitcoin to Hit $1 Million
Bitwise forecasts that Bitcoin will reach $1 million and surpass gold’s market capitalization of $19 trillion by 2029, coinciding with Bitcoin’s 20th anniversary.

🔼 For the 6th consecutive week, Michael Saylor shared a tracker on X showing MicroStrategy’s Bitcoin purchases.

🟢 If history repeats itself, MicroStrategy tends to buy #Bitcoin shortly after these updates 😁

📊 Digital asset investment products saw inflows of $3.2 billion last week, marking 10 consecutive weeks of inflows, bringing the total year-to-date inflow to $44.5 billion

Electroneum ($ETN) - Layer 1 EVM Hackathon & New Whitepaper Release
1. About Electroneum:
• L1 EVM, new fork coming in Q3 2024
• Over 4 million users
• 5-second transactions, ultra-low fees
• IBFT consensus mechanism
• Supports AnyTask.com, a freelance platform that doesn’t require a bank account
2. New Whitepaper Release:
• Electroneum has launched a new whitepaper with updates on technical improvements, vision, and future development roadmap.
• Read the whitepaper here: Electroneum Whitepaper
3. Hackathon Event 🏆:
• Date: January 8, 2025 (2 months)
• Co-sponsor: Ankr
• Judging Panel: Umbria Network, Victus Capital, Ankr
• Large prize pool
4. Join the Event:
• Website: Electroneum Official Website
• Twitter: @electroneum
• Telegram: @officialelectroneum

Don’t miss the chance to build on this promising new L1 EVM platform!

Token listed on exchanges: HTX, KuCoin, Gate.io, MEXC, CoinX

Ostro Fan Card x Moca Edition

🔸 Details:
• Eligibility: Must own an NFT Starship and OneID with KYC completed.
• Quantity: 888 Moca Edition Cards.
• Participation Method: FCFS (First Come, First Served).
• Price per Moca Fan Card: 8 C98.
• Benefits: Each Fan Card will receive 112.5 MOCA.
• Participation Period: From 08:00 AM (UTC) on Dec 25, 2024, to 08:00 AM (UTC) on Dec 26, 2024.
• Card Distribution: From 15:00 on Dec 28, 2024.
• Token Distribution: Mid-February 2025.

Note: Each wallet can only hold 1 NFT.
After the claim period, Ostro Fan Card - Moca Edition will be available for trade on Dagora (more details to be updated).

Source: https://x.com/starship_hq/status/1868603232404263373?s=46

📣 FTX has announced that its plan to return assets to victims will begin on January 3, 2025, and will last for 60 days.

👉 Read more details:https://www.prnewswire.com/news-releases/ftx-announces-effective-date-and-record-date-of-january-3-2025-for-its-chapter-11-plan-of-reorganization-302332816.html?tc=eml_cleartime

‼️ Lido Finance has announced the cessation of its operations on the Polygon network, focusing instead on Ethereum due to challenges such as low user adoption and insufficient rewards.

🇺🇸 ETF inflows today:

🪙 $636.9 million for $BTC
🔷 $51.1 million for $ETH

🪙 Cathie Wood believes Donald Trump’s election could accelerate acquisitions of private companies, which were previously hindered by bureaucratic barriers.

🟢 She predicts Bitcoin could reach a price target of $1,500,000.

🟢 Quite the ultimate FOMO driver 🤣

🇺🇸 SEC Commissioner Hester Peirce believes the next SEC Chair will prioritize crypto, stating:

“The Chair may begin addressing key issues, and one of those priorities will likely be crypto.”

🪙 MicroStrategy CEO Michael Saylor has introduced a digital asset framework that includes a Strategic Bitcoin Reserve, emphasizing the opportunity for the U.S. to position itself as a global leader in the 21st-century digital economy.

💸 Why Always Keep Stablecoins & Cash Flow in Investment?

🔥 Lesson from market dumps: Top coins dropped 20-30%, weaker ones fell by 50%. Here’s why stablecoins and cash flow matter:

1️⃣ Always Hold Stablecoins
• Use 70/30 allocation: 70% crypto, 30% stablecoins.
• Benefits: Protect against USDT volatility and be ready to buy dips during crashes.

2️⃣ Maintain Steady Cash Flow
• Ensure personal finances stay secure, reducing stress.
• Use extra cash to buy dips or top up stablecoin reserves.

Pro Tip: Hold strong and DCA—whales fear resilient investors more than smart ones!