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 lady’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 present

The Concern and Greed Index dipped to 72 at present, 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 via puberty – Bitcoin insists it wasn’t only a section (spoiler alert: it was, kind of – it spent a lot of the day inside the $95K – 100K vary).

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

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

Analysts over at Bernstein additionally see a constructive greater image. Their prediction? Bitcoin’s gonna exchange gold as the principle “retailer of worth” over the subsequent decade. Speak to me.

Lengthy story quick, 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 possibly can catch it within the act 🕵️

🥝 Memecoin harvest

Who’s driving the hype prepare at present? 🚂

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 value 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 amassing pro-crypto folks in his group like they’re Infinity Stones. And the lineup’s trying fairly fireplace thus far, 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 in every single place” vibe to him;

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

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

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

Trump says this position is about ensuring the US stays aggressive in AI and crypto, two areas he calls vital for the long run. Here is what Sacks will likely 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-about, 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 abruptly – they seem to be a meme-turned-celebrity.

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

And now, there’s the Hawk Tuah lady. In case you’re a doom-scrolling enjoyer  (✋😃🤚 responsible!), you have undoubtedly seen her (and, at this level, you almost certainly wanna throw up once you hear that catchphrase).

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

May’ve been a very good 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 availability was held by one insider cluster, however, clearly, Welch and her group swore they hadn’t offered a single token.

Naturally, crypto whistleblower Coffeezilla needed to become involved – he joined an X House with the HAWK gang to name them out on all of the, , 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 yr’s gazillions of celebrity-backed rug pulls have not taught us something, idk what is going to.

🍋 Information drops

👟 STEPN GO x Adidas introduced their first-ever bodily product: limited-edition Ultraboost 5 kicks. These unhealthy 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 change. Ripple’s CLO referred to as out the regulator’s wild declare that crypto has “no inherent worth.”

⛔️ Pump.enjoyable is now not accessible 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 examine all of the packing containers for Canada’s new itemizing guidelines. This implies it is secure from being delisted by the top of this yr.

🧃 Sip of information

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🍌 Juicy memes