+ BTC sideways at $103K, altcoins are also quiet, market sentiment index is at 70 - "greed"
+ 7:30 PM tonight: The US will announce April PPI - PPI inflation Y/Y (Forecast = 3.1%, previous = 2.7%) - Core PPI inflation M/M (Forecast = 3.3%, previous = 3.3%) + 7:40 PM tonight: FED Chairman Powell will speak
📝 Spot ETF on 14/05 + BTC up +$319.1M, BlackRock bought in +$232.5M along with 5 other parties + ETH is up +$5.9M, due to Fidelity's purchase, BlackRock has no data yet
+ President Trump will not go to Turkey for Russia–Ukraine peace talks, and Mr. Putin's name is also not on the Russian delegation list
+ Token $LAUNCHCOIN makes a spectacular comeback, market cap exceeds $260M after rebranding and shifting from "influencer coin" to a platform supporting Web3 startups
+ Ethereum launches the "Trillion Dollar Security" initiative to enhance the security of the entire system, helping users and organizations feel secure in storing assets on-chain
+ US Democratic Congressman requests the Treasury Department to investigate Trump's WLFI project and the murky cash flow related to meme coins, USD1, and fundraising dinners
+ Co-founder of MetaMask stated that the team is still considering launching their own token, if there is one, it will be announced directly in the wallet
+ Kaito has stopped collaborating with market maker Web3Port just 10 days after signing the contract, committing not to sell any tokens from TGE to date
+ Metaplanet reports record profits in Q1/2025, with 88% of revenue coming from BTC and currently holding 6,796 BTC ~ $700M
+ Nebraska state passes a law requiring large Bitcoin mining operations to report electricity usage and self-upgrade infrastructure
Trump's housing project plans to acquire $TRX (Tron)
World Liberty Financial (WLFI) is said to be preparing to acquire more TRX to add to its reserves. While it is unclear how much will be acquired, World Liberty has raised $90M from selling WLFI and has previously invested a large sum in AAVE & LINK – tokens from projects they collaborate with.
Justin Sun is currently also an advisor to WLFI and holds the largest amount of WLFI tokens (~$30M). Furthermore, next week, the Tron delegation will attend Trump's inauguration ceremony and will sponsor the 'crypto ball' – a lavish party of the crypto industry in Washington, D.C.
🪙 Canary Capital has just submitted an amended S-1 for the Litecoin ETF application. This could be a signal that the SEC is starting to take interest in this filing.
However, note that Canary Capital has not yet submitted the 19b-4 document. This is an important step for the SEC to officially begin reviewing the application, from which it will decide to approve or reject the ETF.
It’s not XRP or SOL; many experts believe that LTC is the cryptocurrency with the greatest chance of being the next one approved by the SEC.
The news has caused the price of LTC to immediately surge by over 10%.
🚨 Trump-era SEC to overhaul crypto policy, may halt enforcement actions
According to Reuters, in the first days of the new administration, the SEC is expected to begin reviewing crypto-related lawsuits and potentially halt some cases that do not involve fraud allegations.
🚨 Early this morning, the World Liberty project of Trump swapped 103 $WBTC (~$9.89M) for 3,075 $ETH, then sent 18,536 $ETH (~$60M) to Coinbase Prime.
After that, the team continued to spend 1.7 million $USDT to acquire an additional 17.62 $WBTC at the price of 96,491 USD/BTC.
In summary, the current holdings of $ETH, $WBTC, $AAVE, $LINK, $ENA, and $ONDO are down more than 4.8 million USD.
For the first time, the team also posted an explanation that the recent crypto movements are not speculation, and they are not selling tokens. These are just asset reallocation activities to manage the treasury.
How much money will the SOL and XRP ETFs attract if approved this year?
JPMorgan makes an extremely bullish forecast; if the SOL and XRP ETFs are approved this year, they could account for 3-6% of the total market capitalization of these two coins:
🪙 SOL ETF: $2.7–5.2 billion. 🪙 XRP ETF: $4.3–8.4 billion.
Just yesterday, the CEO of JPMorgan publicly criticized Bitcoin, comparing BTC to cigarettes: "You have the right to trade BTC, but it's best not to touch it, just like you have the right to smoke but shouldn't smoke." Now they release this subtle shill report. 😂
🪙 The TON Foundation has appointed Manuel Stotz as chairman, with a new strategy focused on expansion and growth in the United States market. This move aims to take advantage of the opportunities from the friendly legal environment under the Trump administration.
Manuel Stotz, founder of the investment management firm Kingsway Capital Partners, will take on the leadership role replacing Steve Yun, who remains a board member and continues to contribute to the strategic direction of the Ton Foundation.
+ BTC returns to $95k after dropping to $89k, AI memecoins recover strongly: FARTCOIN, ai16z, SWARMS, VIRTUAL,..
+ 8:30 PM tonight, the US will announce Producer Price Index (PPI) Inflation: - PPI Inflation Y/Y (Forecast = 3.2%, previous = 3%) - Core PPI Inflation Y/Y (Forecast = 3.4%, previous = 3.4%)
📝 ETF Spot on 13/01 + BTC down $284.36M; Fidelity -$113.6M, Ark -$92.4M, Grayscale -$89M; I’m BlackRock +$29.29M + ETH is down $52.3M; only 2 funds from Grayscale sold, BlackRock has no data yet
+ BlackRock launches Bitcoin ETF fund on the CBOE Canada exchange
+ Trump's team is expected to issue an executive order favorable to Crypto on the first day in office
+ Italy's largest bank - Intesa Sanpaolo and Hong Kong's Ming Shing Group Holdings Limited begin accumulating 11 BTC (~$1M) and 500 BTC (~$47M) respectively + Tether relocates all operations and moves headquarters to El Salvador
+ Judge requires SEC to explain why it rejected the proposal to build crypto regulations from Coinbase
+ Sony's Layer2 Soneium officially launches mainnet along with S.BLOX exchange and NFT marketing platform
+ Chainalysis spends $150M to acquire Alterya - AI security startup, helping to prevent fraud for platforms like Coinbase, Square, and Binance
Tether confirms it will relocate all operations and establish its headquarters in El Salvador, setting sail with the most bullish president on the planet!
+ 8:30 PM tonight, the U.S. will announce Non-farm payroll data for December Unemployment rate (Forecast = 4.2%, previous month = 4.2%) Number of jobs created (Forecast = 164K, previous month = 227K)
📝 ETF Spot session on 09/01 was calm as U.S. stock markets closed to commemorate the late President Jimmy Carter
+ Rapid increase, sharp decline: AI tokens lead the market downturn: AI16Z -18.05%, ELIZA -13.8%, FARTCOIN -21.09%, ARC -17.9%, ZEREBRO -15.5%
+ Coinbase, Google, ai16z,... collaborate to launch DAO Aiccelerate to promote crypto x AI projects [CT]
+ Both the House & Senate in the U.S. will establish a Crypto committee, marking a significant shift in legal stance under Trump [CT]
+ Standard Chartered opens a branch in Luxembourg to custody Crypto under MiCA regulations [CT]
+ CFTC issues a subpoena to Coinbase for customer information related to Polymarket to investigate this platform [CT]
+ Grayscale adjusts its large-cap crypto fund with BTC & ETH accounting for 90%, removing AVAX, retaining XRP, SOL, and ADA [CT]
+ Metis has resolved the disruption issue, operations have now returned to normal [CT]
+ Berachain Vault has surpassed $1.1 billion TVL from 127,000 airdrop participants, with StakeStone accounting for 33.3% [CT]
+ Avalon Labs is preparing to launch the AVL token, airdropping 20% of total supply to users [CT]
Binance has recently been continuously listing DEX tokens from ecosystems such as Cetus - Sui, Thena - BNB Chain, CoW Protocol - Ethereum. For those who may not know, during the 2021 cycle - the period of Layer 1 explosion, you just need to enter new ecosystems and buy tokens of DEX projects => When the money flows into that ecosystem => DEX tokens will skyrocket because they are almost the crucial piece of any ecosystem. For example: BSC - Cake or Near - Ref Finance...
Recently, with the growth of Sui, Cetus has also increased by 5 times and has been listed on Binance, or previously Aerodrome when the money flowed into Base. So what DEX projects should you pay attention to in the near future?
- Camelot - Arbitrum: Camelot acts as the DEX with the highest TVL in the Arbitrum ecosystem and is currently "bidding" for many other ecosystems, most notably Apechain - the Layer 2 of the wealthy Yuga Labs. - Ekubo - Starknet: With a tokenomic that has been 100% unlocked and 33% of the token (from the Team) locked for 2 years, along with a buyback mechanism thanks to revenue. Although the Starknet ecosystem is facing FUD, if the technology supports pushing the STRK price and creating games, Ekubo still deserves to be a project that you should keep an eye on. - Thala - Aptos: Aptos and Sui are related as most of the teams on both sides come from Facebook's Diem. SUI ATH, Cetus has already soared, Aptos has not broken ATH and Thala is the main DEX on the system, along with many other products such as Liquid Staking, RWA, Stablecoin MOD. Therefore, THL is also a project worth noting before Aptos "takes off" and finds its own ATH.
In addition, there are many other ecosystems that you can look into from L1 to L2 such as Raydium - Solana, StonFi - TON, Velodrome - Optimism, Moe - Mantle, LFJ - Avax...
📌THE Information: - Total Supply: 206,863,770 THE - Max Total Supply: 310,000,000 THE - HODLer Airdrop Pool: 21,750,000 THE (7% of Total Supply)
Thena is a DEX and liquidity layer built on BNB Chain and opBNB. The second name in the airdrop program for AE holding BNB on Binance.
Users who staked BNB into Simple Earn from 07:00 11/06 - 06:59 11/14 will receive THE airdrop
Tokens will be distributed to AE's Spot Wallet 1 hour before listing.
The item was thought to have gone astray but ended up on Binance, BNB holders are ready to collect money. The news is out and the reward is 8 times. Congratulations to all THE holders
Florian, Linea engineer, has just announced the proposal "Towards Linea's Decentralization" to increase decentralization and security for Layer 2 backed by Consensys.
✨ Proposal highlights: Linea will switch to using a network of Validators with a Proof-of-Stake (PoS) consensus mechanism instead of a centralized group of nodes as it is now. This allows anyone to become a Validator by staking assets.
🔍 Signs of Token launch? With the integration of PoS, it is highly likely that Linea will soon launch Token to serve 2 main purposes: - Using Token as a stake asset for Validators. - Using Token as a governance tool, helping to decentralize the network.
Layer-2 has been giving out belts to AE lately, will the Linea "shaving machine" be more stable this time?
🆘 SEC continues to send Well Notice warnings threatening to sue Crypto.com for illegally listing securities.
After receiving the warning, Crypto.com immediately sued the SEC to demand justice.
Crypto.com is the latest name threatened or sued by the SEC, the previous companies are OpenSea, Coinbase, Uniswap, Robinhood, Kraken and Consensys. #CryptoCurrurencyNews #IntroToCopytrading
According to the plan, 98% of creditors will be refunded 118% of the amount requested in cash, calculated at the time of FTX's bankruptcy (BTC was only about $16k). But with BTC price now soaring to over $63k, the actual amount received may only be 10-25%, not including taxes if received in cash.
This plan was previously approved by up to 94% of creditors and FTX customers, who accounted for $6.83 billion in compensation claims.
Although approved, the specific time for FTX to start paying is still unknown. Please advise on a x5 x10 plan for creditors to get back to shore! 💸
🥲 Hackers stop hacking because they think TON is a failure
Recently, Scam Sniffer shared a leaked message from a hacker group specializing in stealing wallets on TON.
After a period of "submerging", the hackers discovered that although the TON community is large, there are not many whales, if they continue to "do business" like this, they will probably only lose capital! Therefore, the group decided to "move home" to a more "fertile" land, the Bitcoin network.
Although they cannot do business on TON, phishing scams are still rampant on all fronts. In September alone, they "stole" $46.6M from thousands of victims. Remember to protect your assets carefully, review the security principles here! 🔒
📍Read more: Analysis of the TON & Toncoin ecosystem
+ Bitcoin set to surpass $63K, altcoins rally, led by memecoin and AI [CT]
+ Trump regains advantage on Polymarket (50% vs 48% by Harris) after campaigning with Elon Musk [CT]
+ UAE to exempt VAT on crypto transactions and conversions starting 15/11/2024 [CT]
+ Hong Kong to license 11 crypto exchanges by end of year [CT]
+ HBO set to expose Bitcoin creator Satoshi Nakamoto at 8pm on Wednesday 09/10, polymaket predicts late computer scientist Len Sassaman is Satoshi [CT]
+ Arbitrum announces "Road to Devcon" plan to increase investment in Asian markets [CT]
🗓 Calendar tissue
+ 01:00 10/10: Minutes of the September FOMC meeting of the FED
🇺🇸Is the US about to create a national strategic Bitcoin reserve?
Bitcoin support in the US has spread across party lines. Both Democratic and Republican politicians are gradually speaking with one voice about the US should collect Bitcoin to build a reserve. Specifically:
- Senator Cynthia Lummis: introduced a bill in the Senate proposing the US government buy 1 million Bitcoin for the national reserve fund.
- Former President Donald Trump: pledged not to sell the Bitcoin the government is holding (about 200,000 BTC) if he is elected.
- Democratic Party Representative Ro Khanna: supported Bitcoin to become part of the Federal Reserve's reserves.
Looking back at history, the US also 'played big' in 1803 when it spent $15M to France to buy Louisiana. This was seen as a ‘bargain’ as it literally doubled the territory of 🇺🇸 overnight at a fraction of the cost. Now, many politicians are suggesting that Bitcoin could be the next ‘Louisiana’ that the US cannot afford to miss.
However, the above proposals are currently only on paper and we have to wait until the upcoming election to see if they get the green light from Congress. Will we see the US Strategic Bitcoin Reserve in action soon?