The FED rejects Bitcoin, but America still has other paths!

Last week, FED Chairman Jerome Powell seemed to "pour cold water" on the hopes of the crypto community when he declared that the Fed does not have the authority to accumulate Bitcoin and asserted that this is a matter for Congress. However, the door for the U.S. to establish a Bitcoin reserve is not completely closed yet.

According to experts, there are two main feasible directions:

1️⃣ Executive Order: President Trump could direct the Treasury Department to use the Exchange Stabilization Fund (ESF) to purchase Bitcoin. This is the quickest route as it does not require Congressional approval. But the downside is that it can easily be reversed by the next administration, so sustainability is not high.

2️⃣ Play the long game with Congress: Congress could pass an official law, making Bitcoin a national reserve asset. This method creates a solid legal foundation, but it will take a lot of time and face considerable political difficulties.

In summary, even though the FED shakes its head, it does not mean that the Bitcoin reserve plan is completely rejected. Looking at the recent moves from the Trump administration, it seems they are still seeking ways to support this plan.
$BTC

🔥🔥🔥 Market News Wednesday - 25/12

+ Bitcoin surpasses $99K on Christmas night, altcoins regain green
MOCA +41%
COW +34%
STG +28%
MOVE +22%...

📝 Spot ETF session 24/12 [CT]
+ BTC down $340.31M; Blackrock -$190.6M, Fidelity -$83.2M and Ark -$75M - Fourth consecutive negative session
+ ETH up $54.18M; notable is BlackRock +$44.4M, no funds with negative cash flow - Second consecutive positive session

+ ETH just bounced back, Justin Sun has deposited an additional 70,182 ETH (~$244.9M) to HTX [CT]

+ Floki launches "University of Floki," an educational platform for newcomers to crypto [CT]

+ Aave and Lido dominate DeFi with net deposits exceeding $70 billion, accounting for nearly half of the top 20 dApps [CT]

+ More than 30% of South Korea's population, equivalent to 15.59 million people, invest in crypto with total assets of $79 billion, daily trading volume comparable to stocks [CT]

+ Oak Grove Ventures, partner of Alchemy Pay, supports Gate exchange in acquiring Coin Master exchange in Japan [CT]

+ Peter Thiel's Founders Fund raises $3 billion for its third growth fund [CT]

The pump is running, bro $DOGE

🇭🇰 Kể từ khi ra mắt 6 quỹ ETF Bitcoin và Ethereum spot vào tháng 4/2024, Hong Kong đã thu hút lượng tài sản đáng kể với 4.560 BTC (444,6 triệu USD) và 16.280 ETH (59,6 triệu USD).

So với Mỹ, nơi tổng giá trị vốn hóa của các ETF crypto đã đạt 5,47 tỷ USD, Hong Kong vẫn còn khá khiêm tốn với 351,24 triệu USD.

Tuy nhiên, nếu xét về tỷ lệ so với thị trường chứng khoán, các quỹ ETF crypto tại Hong Kong và Mỹ lại có quy mô tương đương. Tại Mỹ, các ETF crypto spot chiếm khoảng 0,019% tổng vốn hóa của NYSE và Nasdaq. Trong khi đó, tại Hong Kong, các ETF crypto spot chiếm 0,023% tổng vốn hóa 1,52 nghìn tỷ USD của Chỉ số Hang Seng.

Ông Ryan Miller, Tổng Giám đốc OSL, cho rằng dòng vốn và khối lượng giao dịch của các quỹ ETF tại Hong Kong sẽ còn tăng trưởng mạnh trong năm tới, nhờ khung quy định rõ ràng hơn tại đây.

🔥🔥🔥 Market Summary Tuesday - 24/12

+ Bitcoin fluctuates around $94K, altcoin recovers but not significantly

📝 Spot ETF on 23/12 [CT]
+ BTC is down $232.6M; of which Fidelity -$146M, BlackRock has no data yet
+ ETH is up $41.3M; notably Fidelity +$46.4M, BlackRock has no data yet

+ Record high outflow from Hyperliquid of ~$112M yesterday after rumors of North Korean hackers visiting - Founder immediately reassured that there is no issue with hackers [CT]

+ MicroStrategy is about to hold a shareholder meeting to vote on a proposal to accelerate the plan to accumulate $42 billion in BTC [CT]

+ MicroStrategy continues to spend $561M to buy an additional 5,262 BTC at an average purchase price of $106,662/1 BTC, raising the total BTC held to 446,262 BTC [CT]

+ ZEN price increases by more than 16% after Grayscale submitted a filing to establish Horizen Trust (ZEN) with the SEC [CT]

+ Platform X raises the price of Premium+ package to $22/month [CT]

+ Nokia registers a patent for a device and program for encoding digital assets [CT]

+ Telegram turns profitable for the first time, reaching over $1 billion in revenue [CT]

+ USUAL pumps nearly 10% after Binance Labs announced investment [CT]

+ Avalon Labs, the issuer of the stablecoin USDa, completes a $10M Series A funding round, led by Framework Ventures [CT]

LPT update chart D, 3D is also experiencing quite an impressive recovery.
$LPT

BTC Update 24/12.

H1 BTC is in an upward trend, after reaching the extreme Orderblock it is reacting.

Waiting for a bullish setup to appear, or confirmation in the LTF frame before considering a Buy up to MJH 99k5.

$BTC

MicroStrategy's ambition to raise 42 billion USD to acquire more Bitcoin

MicroStrategy aims to raise a total of 21 billion USD from equity and 21 billion USD from bonds over the next three years. All of this money will be used to acquire more Bitcoin.

To execute this plan, the company has proposed key initiatives such as:
- Expanding the number of Class A shares: From 330 million to 10.33 billion shares.
- Increasing preferred shares: From 5 million to 1.005 billion shares.
- Attracting talent: Automatically awarding shares to new directors, instead of a complex approval process to attract talent.

In the near future, MicroStrategy will hold a shareholder meeting to discuss and vote on the above proposals. If approved, the company will find it easier to raise capital, thereby further accelerating its Bitcoin acquisition plan.
$BTC

Tung nóc 🚀

$AAVE

🪙 Bitcoin infiltrates the real estate sector in the USA

Nasdaq-listed company, La Rosa Holdings, has just announced the integration of Bitcoin and Crypto payment options for over 3,000 real estate agents in its system in the USA.

Agents can now receive commissions in the form of Crypto, meeting the demands of both agents and clients for more modern, flexible payment methods.
$BTC

🇰🇵North Korean Hackers Stole $1.3 Billion in Crypto in 2024

The latest report from Chainalysis reveals that a total of $2.2B in crypto has been hacked this year, with North Korean hackers accounting for over half at $1.3B - more than double last year's amount.

Chainalysis also pointed out that the main tactic of North Korean hackers is to impersonate IT staff to apply for jobs and then quietly infiltrate crypto and technology companies.

Fully present, not missing any major hacks over the years, those North Korean hackers remain something very "haunting" for crypto projects!🙏

#sui

SUI increased x10 from the bottom, so I personally think it can't increase anymore.

If SUI breaks the peak of $5, then this plan is wrong.
$SUI

▶️Plan ETH Update:

H1 has created a bullish structure when Choch, the price is holding at the OTE fibo zone.

Can consider Long when there is confirmation at LTF, or at the current frame there is a setup to aim for MJH 3550$.

$ETH

🚨🚨🚨🚨🚨🚨
MicroStrategy continues to spend $561M to acquire an additional 5,262 BTC at an average purchase price of $106,662 / 1 BTC
$BTC

🪙Can Bitcoin reduce U.S. national debt by 35% by 2049?

VanEck predicts that if the U.S. reserves 1 million Bitcoins as proposed by Senator Cynthia Lummis, the country could offset $42 trillion in national debt, equivalent to 35% of the total projected national debt by 2049👇

- VanEck estimates that Bitcoin will increase an average of 25% per year and reach a price of $42.3M/BTC by 2049

- Meanwhile, U.S. national debt is expected to rise by 5% per year, from $37 trillion (2025) to $119.3 trillion (2049).

According to the bill proposed in early August, the U.S. could start reserving Bitcoin by utilizing 198,100 BTC seized from cases and selling about $455 billion in gold reserves to acquire Bitcoin.

The scenario is beautiful, but to become a reality it is very difficult because Senator Lummis's bill has not yet been reviewed by the Senate or the House of Representatives.
$BTC

BIO Protocol: The First DeSci Project to Be Listed on Binance Launchpool.

DeSci is a key that CZ and Vitalik discussed back in November.

#ChristmasMarketAnalysis

🪙U.S. Senator Proposes Granting Bitcoin Ownership to the Fed

U.S. Senator Cynthia Lummis recently reaffirmed her plan to expand the scope that allows the Federal Reserve (Fed) to buy and own Bitcoin as part of the nation's reserve asset strategy.

Lummis argues that establishing a strategic Bitcoin reserve fund, as proposed in the BITCOIN Act she introduced, could help address the United States' national debt issue.

$BTC

Instead of sitting and listening to KOLs tell stories, you should spend 30 minutes every day to read important news, grasp trends and select valuable news. 🫶

🔥🔥🔥 Market Briefing Monday - 23/12

+ Bitcoin drops below $94K, altcoins start the new week in the red [CT]

+ Mr. Trump appoints former football player Bo Hines to lead the crypto advisory council [CT]

+ El Salvador acquires an additional 11 BTC (~$1.06M), increasing total holdings to 5,994 BTC (~$580M), President Bukele aims for a mid-term goal of owning an additional 20,000 BTC [CT]

+ SEC fines Jump Trading's subsidiary $123M for manipulating LUNA-UST [CT]

+ Arthur Hayes deposits 9M $ENA (~$10.6M) on Binance and Bybit over the past 2 days, still holding 7.94M $ENA (~$8.1M) in collateral [CT]

+ Securitize proposes to add BlackRock's BUIDL token as collateral for the Frax USD stablecoin [CT]

+ Germany's DekaBank receives a crypto custody license from the BaFin regulatory agency and the European Central Bank (ECB) [CT]

+ Hex founder, Richard Heart, is wanted by Interpol and Europol on charges of tax evasion and assault [CT]

🗓 This week's macro calendar is quiet as Western countries observe Christmas

🔓Token unlock [CT]
+ 27/12: Immutable unlock 24.52M $IMX (1.45% circulating supply), worth $31.87M
+ 31/12: Optimism unlock 31.34M $OP (2.32% circulating supply), worth $54.85M
+ 01/01: Sui unlock 64.19M $SUI (2.19% circulating supply), worth $274.11M
+ 01/01: ZetaChain unlock 53.89M $ZETA (9.35% circulating supply), worth $30.33M
+ 09/01: Movement unlock 50M $MOVE (2.22% circulating supply), worth $41.11M

Mr. Trump appoints Bo Hines to lead the crypto advisory council

President-elect Donald Trump has just appointed Bo Hines, a former football player and unsuccessful candidate in the 2022 and 2024 House races, to lead the "Presidential Advisory Council on Crypto".

Hines will work under David Sacks, who is leading the AI and crypto sector.

Trump's statement: "In his new role, Bo will work with David to promote innovation and growth in the digital asset space, while ensuring industry leaders have the necessary resources to succeed".

This choice is surprising because Bo Hines seems to have had no public statements about Crypto. However, in the 2022 House race, Hines received support from Crypto organizations and even FTX, indicating he is crypto-friendly.