Plus: Bitcoin and Ethereum ETFs land on Wall Road
GM. The Day by day Squeeze is right here to brighten your pre-holiday insanity with a zesty splash of blockchain – refreshing and just a bit unhinged.
🎁 Final-minute Christmas presents.
🍋 Information drops: the SEC approves BTC+ETH ETFs, Twister Money’s Roman Storm needs the fees towards him dropped + extra
🍍 Market taste immediately
The crypto market appears like flipping a coin, and it lands on the sting – bizarre, however by some means becoming 🙃
The Concern and Greed Index slipped barely to 74 (however hey, we’re nonetheless in Greed), whereas Bitcoin dropped under $96K. Blame it on the Fed’s newest tea: solely two charge cuts anticipated in 2025.
BTC ETFs had $671.9M in outflows yesterday – their first purple day this month.
The 50-hour Easy Transferring Common (SMA) dipped under the 200-hour SMA, forming what’s known as a bearish crossover. This normally implies that short-term momentum has slowed sufficient to tug costs down additional.
That mentioned, here is the kicker: throughout Bitcoin’s latest bull run, these crossovers have been all bark and no chew – as an alternative of crashing, BTC has bounced again even stronger. Will this time be totally different? 👀
For all y’all glass-half-full kinda individuals, Santiment says that discussions about shopping for the dip have hit their highest stage in eight months. The final time the group received this keen, we noticed an enormous run-up afterward.
Exterior of our digital bubble, GDP expanded at a 3.1% annualized clip in Q3, exhibiting financial power regardless of inflation fears. And a wholesome financial system = investor confidence, which regularly spills over into riskier belongings like crypto.
So yeah, whether or not it falls heads, tails, or stays on the sting – the market can get unpredictable, however that is what makes it so thrilling 🪙
🥝 Memecoin harvest
Why does this coin exist? Nobody cares – it is up, and that is all the reason we’d like.
Title
24H Change
yesnoerror YNE
▲16K%
Frodo the digital samurai FROG
▲39%
MAD MAD
▲6%
zerebro ZEREBRO
▲5%
Information as of 05:20 AM EST.
Try these memecoins and many extra right here.
Alright, alright, deep breaths. Christmas is principally on our doorstep, and yeah, we’re all in that House Alone temper – operating round making an attempt to make all the things good. Belief me, we’re proper there with you.
So, let’s take a step again collectively and simply recap the place we’re at:
Christmas tree? Sparkly as hell ✅
That previous dusty deer statue from the attic? On show ✅
Menu? Deliberate, Michelin-star stage ✅
Company? Invited ✅
A present in your degen pal? Oh. OH. Did I… F*CK. FORGOT. PANIC ACTIVATED.
Take a chill tablet. We have your again.
1/ Ledger Flex
Think about handing somebody a gadget that claims, “I am safe, I am trendy, and I am smarter than your common pockets.”
The Ledger Flex ticks all of the bins with its E-Ink touchscreen, elite safety chip, and the flexibility to retailer 1000+ cash, tokens, and NFTs.
Oh, and it comes with a cheeky $70 BTC bonus 😉
2/ Ledger Stax
Designed by Tony Fadell, the man behind the OG iPod, the Ledger Stax takes crypto wallets to an entire new stage.
It is received a curved touchscreen, helps 5000+ cryptos and NFTs, and retains them protected whereas trying ridiculously modern.
3/ Ledger present card
Cannot resolve? That is wonderful – do not burn out your final remaining mind cell. A Ledger present card is the play-it-safe-but-still-cool possibility.
4/ Trezor Secure 5
The Trezor Secure 5 is for the pal who’s all about most safety. Suppose EAL6+ licensed chip, resistance to brute-force assaults – total, good for peace of thoughts and hardcore holding.
5/ Trezor Secure 3
One other sturdy contender, the Trezor Secure 3, helps over 7,000 belongings. Open-source, ultra-secure, and rocking Trezor Suite’s privacy-enhancing options.
6/ NFTs
Okay, hear me out – NFTs are a singular, private, and kinda sensible present for anybody into artwork, gaming, or collectibles.
Plus, with the precise selection, you would present one thing that really grows in worth. Discuss a present that retains on giving 🥰
So, there you may have it – present concepts that scream, “I do know you, I see you, and no, I did not neglect about you.” ‘Trigger you do not wanna go down in historical past as that one that’s identified for gifting socks…
🍋 Information drops
👍 The SEC gave a thumbs-up to Bitcoin and Ether index ETFs from Hashdex and Franklin Templeton. Hashdex’s Nasdaq Crypto Index ETF is heading to the Nasdaq, whereas Franklin’s Crypto Index ETF is ready to commerce on the Cboe BZX Change.
🌪 Twister Money co-founder Roman Storm needs the fees towards him to be dropped. He says a latest courtroom ruling, which discovered Twister Money’s sensible contracts aren’t “property” of a overseas entity, weakens the case accusing him of violating the IEEPA.
🎮 Ragnarok On-line is leveling up with an replace: Ragnarok Landverse: Genesis. Dropping on Ronin Community, this new model ought to launch in early 2025.
🏎️ Formulation 1 and Crypto.com are locking of their partnership till 2030. This implies the crypto trade will hold exhibiting up as a significant sponsor at F1 occasions.
👀 World Liberty Monetary, backed by the Trump household, exchanged $10M of Coinbase’s cbBTC for rival WBTC. This comes after Justin Solar, linked to WBTC, joined the corporate as an adviser.
🍌 Juicy memes
