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BREAKING: SEC Releases Update on XRP Spot ETF Application.
According to breaking news, the SEC has postponed the Franklin Spot XRP ETF.
$XRP 

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Altseason just started based on the altcoin season index! This cycle we already saw 2 mini altseasons play out: 🔹Jan 2024 🔹Dec 2024 Round 3 just started. The index already reached 78. BTC dominance will plummet. Altcoins will explode. 💥 $BNB $TAO $EPT

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Technically, we are in an alt season and have been for some time. This of course depends on your definition. But if we define it by alts outperforming BTC over a period of 3+ months? Then yes. With $BTC pretty much flat in the past few months and $ETH up nearly 2x that's not so hard to believe. 78% of alts in the top 50 has outperformed BTC in the past 3 months. That's quite substantial. But most of this outperformance has remained within this group of majors & leaders and has not trickled down to the mid & small caps. If these rallies go on for long enough, I do believe we will eventually see that, but not to the degree like we saw in 2017 & 2021. Picking the outperformers will still matter. Not every sector and every coin will go up. Go where the flows are in your favor. Even larger coins can still pull 3-5xes in the matter of weeks. We've seen plenty of examples from that. No need to go too far down the risk curve if the performance doesn't match the additional risk you are taking. $BAKE $MYX $SUI

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The $1 Billion Move for Solana (SOL) Has Finally Arrived – Activity Seen in On-Chain Data. Solana (SOL), one of the most important altcoins, is experiencing activity with a company's $1 billion investment move. Forward Industries, backed by cryptocurrency fund Multicoin Capital, has launched a massive acquisition strategy for Solana (SOL). The company announced a $1.65 billion private placement (PIPE). Cash and stablecoin commitments were received as part of the agreement, and Multicoin, Jump Crypto, and Galaxy Digital led the execution of the strategy. According to on-chain data, a total of $680 million was collected across two wallets and transferred to Galaxy Digital. Galaxy initially purchased $326 million worth of SOL for Forward Industries' Solana Treasury Strategy (SOL DAT). The company currently holds approximately $1.3 billion in cash and stablecoins. $354 million of this amount is in stablecoins, with the remainder in cash reserves of up to $1 billion. According to the announcement, Kyle Samani, co-founder and managing partner of Multicoin, has been appointed Chairman of Forward Industries. Interim CEO Michael Pruitt has joined the board. Chris Ferraro, President and CIO of Galaxy, and Saurabh Sharma, CIO of Jump Crypto, will serve as observers. Samani said the following in his statement following the agreement: “Today's development demonstrates the belief among leading institutional investors that Solana should be at the center of global capital markets. With the support of Galaxy, Jump Crypto, and Multicoin, I believe Forward Industries is uniquely positioned to accelerate this future.” $SOL

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Bitcoin Core vs Bitcoin Knots. Maybe you don’t know, or don’t care about this debate, which has been raging for a while now. Basically, it’s two opposing camps, one of which believes that non-financial transactions should be censored from the Bitcoin blockchain, the other of which believes it should be completely open. Some people are even claiming that the next release of Bitcoin Core could kill Bitcoin. If that’s the case, then Bitcoin was never what we needed it to be: decentralized, unstoppable, censorship resistant transactions. $BTC $BCH

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The bold intern running Litecoin’s official account has finally been fired. His posts were too memey, too provocative, too bold. Irony is, the noise he created brought more attention than their usual marketing ever did. $LTC

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