What this crypto CEO told his kids

Plus: TradFi big considers digital asset buying and selling

GM. Pull up a chair on the crypto orchard – the Every day Squeeze is squeezing out the pulp so you possibly can sip the juice.

✊ Fred Thiel shares his BTC philosophy.

💼 Morgan Stanley may add crypto buying and selling to its E-Commerce platform.

🍋 Information drops: a California man sues three Asian banks, X Cash is perhaps on its means + extra

Table of Contents

🍍 Market taste as we speak

One other day, one more reason to examine your portfolio 147 instances…

The Concern and Greed Index secured its spot in Greed at 74, and Bitcoin obtained tremendous near $98K yesterday.

Bravos Analysis identified that Bitcoin ETFs reached $100B in property beneath administration (AUM). Translation? Institutional demand is actual.

This + hopes for friendlier crypto legal guidelines within the US has launched BTC previous its earlier peak of $70K, with an enormous 40% acquire in beneath 50 days.

Sounds acquainted? Effectively, yeah – BTC loves breaking data after which sprinting prefer it’s late for a celebration:

Now, some are questioning, “Might we hit an identical 200% bounce within the subsequent 100 days?” Possibly, however here is the factor – BTC tends to comply with this sample:

Loopy, parabolic run-up;

The inevitable bubble burst;

A interval of sideways buying and selling earlier than one other large climb begins.

Proper now, we’re in the midst of stage 1, and no one actually is aware of how far it will go or when it will fall.

And Bravos identified a potential pink flag: a “head and shoulders” sample, which could imply we’re nearing a short-term peak. Plus, with the inventory market cooling off, Bitcoin might comply with go well with.

So, a drop is certainly on the desk – however hey, this may very well be the right alternative to purchase the dip 🤑

🥝 Memecoin harvest

From “haha, humorous coin” to “rattling, that is lease cash” – these memecoins had a critical glow-up (no plastic surgical procedures concerned) 🌟

Identify

24H Change

Hive AI BUZZ

▲11K%

SAIOS SAI

▲269%

Sandy Codex SANDY

▲184%

aether collective AETHER

▲180%

Information as of 10:35 AM EST.

Check out these memecoins and extra right here.

Okay. New 12 months, new me. It is lastly time to improve from pre-rich to simply wealthy. How tho’? Lemme suppose…

Step 1. Put money into crypto.

Step 2. ?????

Step 3. Revenue.

Okay, now what’s Step 2? Effectively, Fred Thiel, the CEO of BTC miner MARA Holdings, says it may be skipped altogether.

The recommendation he gave his children? Get Bitcoin and overlook. Btw, think about your dad telling you to HODL as an alternative of fresh your room. Objectives.

Why’s Thiel so chill about it? As a result of BTC has solely dipped exhausting 3 times in 14 years. Most years, it is climbing up between 29% and 50%.

And with institutional FOMO + discuss of higher insurance policies within the US, 2025 may very well be one more 12 months BTC flexes on us.

So, possibly that Step 2 might truly be… no matter you’d do in case you weren’t stressing about Step 2? Possibly even this 👇?..

🤔 Talking of institutional FOMO…

Insiders reported that Morgan Stanley, one of many world’s largest asset managers, is planning so as to add crypto buying and selling to its E-Commerce platform.

Why? Easy reply: expectations of a greater regulatory atmosphere beneath Trump.

Proper now, E-Commerce solely gives oblique publicity to crypto by issues like ETFs and futures. Including direct buying and selling wouldn’t solely broaden its choices however place it as one of many first main mainstream platforms to completely embrace digital property.

And why’s {that a} large deal for crypto?

Extra credibility;

Huge cash + institutional belief;

Quicker mainstream adoption;

Different TradFi gamers may comply with go well with.

Oh, and it would be yet one more argument for why crypto is not only a tech nerd factor…

🍋 Information drops

🏦 A California man is suing three Asian banks, claiming they did not flag transfers that allow scammers steal almost $1M. He says he was duped in a pig butchering rip-off, and the funds had been routed by Hong Kong and Singapore banks.

💸 A leaked snippet of code from X has individuals saying that X Cash, the platform’s rumored fee system, is perhaps launching quickly. Thus far, X has obtained cash transmitter licenses in 39 states.

🐛 Talking of, an audited sensible contract bug led Virtuals Protocol to relaunch its bug bounty program. Safety researcher Jinu reported the flaw and was promised a bounty after evaluate.

⚖️ Terraform Labs co-founder Do Kwon made his first look in a US courtroom and pleaded not responsible to the fees towards him. Oh, and he was hit with an additional cost – cash laundering conspiracy – proper after his extradition from Montenegro.