Trump's SEC pick: crypto's new bestie

🤞 Trump’s SEC choose: crypto’s new bestie?

Plus: RLUSD and the bull case for XRP

GM. Pull up a chair on the Every day Squeeze bar – we’re serving blockchain juice with a facet of recent market mangoes.

🥳 Donald Trump appoints Paul Atkins as SEC Chair.

💵 Ripple’s anticipated to launch its RLUSD stablecoin as we speak.

🍋 Information drops: Enron’s faux comeback, MARA shopping for a wind power facility + extra

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🍍 Market taste as we speak

Do not contact your display when checking the charts as we speak – the market’s electrical, would possibly shock ya ⚡️ The Worry and Greed Index holds regular at 78 in “Greed,” and Bitcoin’s been persistently buying and selling between $94K and $97K. It did slip beneath $94K yesterday as a consequence of some chaos in South Korea (catch up right here), however it’s again on target.

Crypto Dan on CryptoQuant is pointing to a golden cross within the SOPR Ratio indicator – a uncommon occasion that has appeared solely twice on this bull run. This cross is a significant bullish flag, sometimes predicting sharp market strikes inside 1-2 months. If historical past repeats itself, we may see a severe Bitcoin breakout earlier than 2024 wraps up or early subsequent yr.

Now, whereas Bitcoin’s nonetheless teasing $100K, altcoins are catching some severe momentum.

Solana: boosted by hypothesis that SOL ETFs would possibly get accredited beneath Trump’s administration.

– Up by 2% this week and 46% this month;

– Reached an all-time excessive on November 23.

BNB: climbing after a golden cross signaled additional upward potential.

– Up by 20% as we speak and 26% this week;

– Hit a brand new all-time excessive as we speak.

Dogecoin: fueled by Elon Musk’s involvement in Division of Authorities Effectivity (DOGE).

– Up by 0.44% as we speak and 6.98% this week;

– Again to ranges not seen since 2021.

Tron: probably rising as a consequence of Justin Solar’s latest banana stunt and funding in Trump’s crypto mission.

– Up by 70% as we speak and 98% this week;

– Reached a brand new all-time excessive as we speak.

The takeaway: power’s high-voltage, vibes are charged, and people candles? They’re burning brighter than ever – would possibly gentle up your complete day 🔥

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🥁 And the winner is…

Again when Donald Trump was rallying for votes, he made one promise that made all crypto bros shed a tear: firing SEC Chair Gary Gensler.

Ah, our boy Gary 😃 The “all the pieces’s a safety when you concentrate on it” man. Whereas he made the lifetime of crypto corporations a authorized hell, he did maintain reporters busy with countless content material (thanks for that, I assume… but in addition screw you).

Effectively, ultimately, Trump did not even have to observe by way of on his large promise as a result of Gary packed his luggage and resigned on his personal. Naturally, the subsequent query was: who’s subsequent?

Hypothesis was wild, however the suspense is over – Trump formally dropped the identify: Paul Atkins.

And who’s this man?

– He was SEC Chair beneath Bush;

– Is the CEO & founding father of Patomak International Companions, a danger administration consulting agency that works with a number of crypto exchanges and DeFi platforms;

– Co-chairs the Digital Chamber’s Token Alliance, an advocacy group that promotes digital belongings and blockchain.

… merely stunning 🥹 And idk if that is the sound of my coronary heart pounding or all of the bulls charging in, however I am right here for it.

✨ Ripple’s glow-up

Ripple’s having a helluva time lately. XRP’s been pumping like loopy: it is hitting numbers we’ve not seen since 2018 and locked itself in because the #3 crypto by market cap (purpose? The deets are right here).

And for these of you XRP followers who’ve been the butt of the joke for years now – y’all may need yet one more “advised you so” second quickly.

RLUSD, Ripple’s dollar-pegged stablecoin, is anticipated to launch as we speak.

Sure, like, any second now. And why’s {that a} large deal for XRP? Max Avery’s acquired the tea, and we’re right here to serve it for ya:

– Easy equation: RLUSD transactions = extra XRPL exercise = extra XRP used for charges/bridges = 🚀

– XRP’s killer at cross-currency transfers, and rising RLUSD adoption would increase its utility;

– RLUSD brings liquidity to XRPL → merchants and establishments wanna enter the chat → they use XRP for charges (principally, we get a cycle that feeds itself);

– RLUSD may combine with dApps on XRPL, which might be powered by XRP = extra use instances;

– RLUSD adoption exhibits XRPL’s power, which may attract speculators and big-money gamers into the blockchain.

Yeah, so, confetti prepared? You would possibly want it – ‘trigger this might be large.

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🍋 Information drops

🤭 Some pranksters made it appear to be Enron – the corporate that crashed 20 years in the past – is making a comeback. To high it off, they hinted at a token launch as a part of this faux revival.

♻️ Crypto miner MARA purchased a wind power facility in Texas. As an alternative of discarding or promoting off previous {hardware}, they’re giving it a second life on the new website – chopping BTC manufacturing prices whereas protecting it sustainable.

🛳 Virgin Voyages is now the primary cruise line to just accept Bitcoin. For $120K, you get an Annual Cross with limitless cruises, a personal Sea Terrace cabin, laundry service, Wi-Fi, and a $100 bar tab on each journey.

💸 Roger Ver, aka Bitcoin Jesus, is pushing to get tax evasion fees towards him dropped. He says the case goes towards his constitutional rights.

🤥 Alex Mashinsky, the ex-CEO of Celsius, reached a plea take care of federal prosecutors. He is fessing as much as two fees: mendacity about not dumping his CEL tokens and making false claims that Celsius Earn was regulator-approved.

🇫🇷 French lawmakers are contemplating a tax on unrealized crypto beneficial properties. They wanna group crypto with issues like empty homes and yachts – principally, stuff that simply sits there.

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