Crypto Avengers Assemble: what’s Trump planning

GM. The Each day Squeeze: the place blockchain will get diced, sliced, and blended right into a fruit salad of crypto chaos.

👑 Donald Trump nominates David O. Sacks to be “White Home AI & Crypto Czar.”

🤠 Hawk Tuah woman’s rug pull drama is unfolding.

🍋 Information drops: STEPN x Adidas are dropping bodily sneakers for NFT holders, Pump.enjoyable will get banned within the UK + extra

🍍 Market taste at the moment

The Concern and Greed Index dipped to 72 at the moment, so we have moved from “AAAA LFG TO THE MOON” to a extra chill “yup, nonetheless hyped.” That $100K second was just about like a teen going by puberty – Bitcoin insists it wasn’t only a part (spoiler alert: it was, type of – it spent many of the day throughout the $95K – 100K vary).

Jamie Coutts from Actual Imaginative and prescient gave us a fast actuality verify: these all-time highs have been reached “within the face of a deteriorating liquidity backdrop.” If issues worsen, the rally may very well be short-lived. But when they ease up, BTC’s gonna shoot up once more after a pullback.

TL;DR: Brief-term seems chaotic; long-term remains to be very bullish.

Analysts over at Bernstein additionally see a optimistic larger image. Their prediction? Bitcoin’s gonna substitute gold as the principle “retailer of worth” over the following decade. Discuss to me.

Lengthy story brief, for now, BTC’s grounded – however you know it is staring out the window and plotting one thing huge. Your job? Keep alert so you’ll be able to catch it within the act 🕵️

🥝 Memecoin harvest

Who’s using the hype practice at the moment? 🚂

Why? Roaring Kitty posted a bizarre subliminal message on X, and the group did what it needed to do.

Coinbase listed the memecoin – and so the get together began.

The token blew up in October when somebody despatched $40K price of it to Terminal of Truths – an AI shitposter bot on X.

One other AI Agent token.

🦸 The Crypto Avengers

Donald Trump is out right here gathering pro-crypto folks in his crew like they’re Infinity Stones. And the lineup’s wanting fairly fireplace to date, tbh:

VP: JD Vance – BTC holder;

SEC Chair: Paul Atkins – extra about him right here;

Treasury Secretary: Scott Bessent – hedge fund supervisor, crypto = freedom advocate;

Secretary of Commerce: Howard Lutnick – crypto bull, has that “BTC is gold 2.0 and must be tradable all over the place” vibe to him;

Division of Authorities Effectivity (DOGE): Elon Musk and Vivek Ramaswamy – no additional feedback right here… the title speaks for itself.

And I would like DJ Khaled to tug up now, ‘trigger we have ANOTHER ONE 🥰

Trump introduced Solana bull David O. Sacks as his decide for “White Home AI & Crypto Czar.” Initially, wtf is that? Second of all, I am listenin’.

Trump says this function is about ensuring the US stays aggressive in AI and crypto, two areas he calls crucial for the longer term. This is what Sacks might be as much as:

Defending free speech on-line;
Steering the US away from Massive Tech bias and censorship;
Serving to construct a CLEAR authorized framework for crypto (our prayers have been answered, lastly).

All thought of, I am not saying that is bullish, however… yeah, it’s very bullish 🚀

🤪 Pull a rug on that thang

Each infrequently, random folks say the dumbest sh*t, go viral, after which immediately – they are a meme-turned-celebrity.

Just a few years in the past, we had the Money Me Ousside woman. She took her second of fame and turned it right into a rap profession. And never even the noname SoundCloud one – she’s obtained options with huge names within the business + tons of of hundreds of thousands of views.

And now, there’s the Hawk Tuah woman. In the event you’re a doom-scrolling enjoyer  (✋😃🤚 responsible!), you have positively seen her (and, at this level, you probably wanna throw up if you hear that catchphrase).

Her actual title’s Haliey Welch, and she or he’s additionally cashed in on her viral second – her podcast known as Discuss Tuah is now #5 globally.

May’ve been success story… however she determined to get into memecoins. The HAWK token launched.

This token did pop off in a short time, reaching a market cap of $500M. However then, guess what? 🤠 She rugged, and it dipped to $25M 🤠 What a shock 🤠

Seems, 95% of the provision was held by one insider cluster, however, clearly, Welch and her crew swore they hadn’t offered a single token.

Naturally, crypto whistleblower Coffeezilla needed to become involved – he joined an X Area with the HAWK gang to name them out on all of the, you understand, dumping on followers. Their response? Take a chill tablet, bro.

… A WHAT NOW?

So, what’s subsequent? Legislation companies wanna sue Welch. And for the remainder of us? If this 12 months’s gazillions of celebrity-backed rug pulls have not taught us something, idk what’s going to.

🍋 Information drops

👟 STEPN GO x Adidas introduced their first-ever bodily product: limited-edition Ultraboost 5 kicks. These dangerous boys drop by way of 4 raffles from December 13-17, with two completely for NFT holders.

🥊 The SEC fired again at Binance, Binance.US, and CZ with the identical arguments about working an unregistered securities alternate. Ripple’s CLO known as out the regulator’s wild declare that crypto has “no inherent worth.”

⛔️ Pump.enjoyable is not obtainable within the UK. The ban comes three days after the FCA gave the platform a warning.

🐧 Pudgy Penguins are launching their very own token, PENGU. It’s going to drop on Solana with a complete provide of 88,888,888,888.

🇨🇦 USDC is formally the primary stablecoin to verify all of the bins for Canada’s new itemizing guidelines. This implies it is protected from being delisted by the top of this 12 months.

🧃 Sip of information

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