In partnership with

Good Morning,

Here's a quick preview of today’s content: Gensler announces resignation date, Bitcoin crosses $99,000, a famous activist hedge fund announces short on Saylor’s MicroStrategy, XRP continues to push to all time highs, Charles Schwab eyes Bitcoin Spot, and more

Happy Friday! Let’s dive in.

Market Snapshot

• The Coindesk index up almost 5% on a day, led by BCH and ETC (CD)

  • XRP has stole the show reaching a 52 week all time high of $1.40

  • Solana has also broke through all time highs and reached $263

• MicroStrategy $MSTR stock bleeds 20% after reputable research firm shorted it (TB) 

• Nvidia stock dips 2% after positive news of exceeding the revenue expectations from Q3 22024 (DC)

Headline Roundup
^{_{The major headlines driving crypto markets}}

• Mastercard teams up with JP Morgan, looking to bring a foreign exchange onto the blockchain (CD)

• SEC chairman, Gary Gensler to depart the office on the 20th of January (BW)

• Financial services giant Charles Schwab plans to offer crypto services to it’s clients directly (CD) 

• US Bitcoin ETFs surpass over $100B collective value (CT)

• Trump media submitted a trademark application for a crypto payment service dubbed 'TruthFi' (CN)

• Early bitcoin contributor, Adam Back, states the Bitcoin federal reserve could pump the price up to $1M per bitcoin (CT) 

• First payouts for FTX creditors and customers expected in March 2025 (CT) 

• Mara Holdings, a crypto mining company, raises $1B to buy more bitcoin (CT)

• Over 100M Doodles cups appears in McDonald’s across the states (CT)

• Tron network and HTX co-founder, Justin Sun, places the winning bid for a banana artwork (CT)

• SUI network back up after block creation halt from 3 days ago (CD)

• Binance and Coinbase pocketing huge profits through Solana validator service (BW)

• Solana crypto AI agents are just an old tech in new clothes, per Base based AI agent (BW) 

• El Salvador bitcoin holdings surpass $500M worth, yielding over $300M in profits (TD) 

• Streaming platform Rumble expected to adopt bitcoin (CT) 

• Memecoin launchpad GraFun expands to ETH in order to gain a greater mindshare (CD) 

• Starknet shows signs of resurgence after it’s onchain activity surges (TD)

• BitWise registers Solana ETF’s in Delaware (CT) 

• Biopharmaceutical firm Hoth Therapeutics adds 1M worth of bitcoin to it’s balance sheet (CT)

• Grayscale increases the cost-efficiency of it’s BTC and ETH ETFs through reverse share splits (CT)

• SEC loses lawsuit over 'dealer' definition rule (CD) 

• Chillguy artist accuses the community from stealing the IP (DC)

• Centralized crypto exchange, Gemini, expands to France after acquiring the VASP license (TB)

• NFT interactive platform Flickplay to host a scavenger hunt in Tokyo, using the Pac-man NFT´s (BM)

Long Angle: A Vetted Community for High-Net-Worth Entrepreneurs and Executives

• Private, vetted community offering confidential discussions and education

• Entrepreneurs and executives, 30–55 years old, with $5M to $100M net worth

• Preferential access to top-tier alternative investments

Join Long Angle Today

Launches

• BitGo launches crypto services in Singapore, looks to expand into the greater Asia (CD)

• NFT collection backed by Canary Labs, Rekt Guy, announces an airdrop for it’s holders (DC) 

• Arcana Network launches the first ever chain abstraction wallet, easing the crypto adoption (DH) 

• Decentralized indexing system, The Graph, launches new indexing standard, GRC-20 (CT)

Venture Capital

• Wallstreet miner Canaan raises $30M after 121% revenue surge in Q3 24´ (FM)

• Gambling platform, Monkey Tilt, raises $30M in a Series A round led by Pantera Capital (CM)

Regulation

• Japan’s stimulus package expected to be approved before the year’s end that will reform cryptocurrency taxes (CT)

• People’s Court in Shanghai labels cryptocurrency as commodities, making it legal to own (CT)

• South Korea looks to implement 20% on crypto transactions (CT) 

• South Korean authorities links 2019 UpBit hack to North Korean group, recovering small chunk (CS) 

• South Africa's Financial Intelligence Centre command crypto exchanges to gather user data (BN)

• UK expected to launch crypto regulation guidelines by early 2025 (CT)

Cybersecurity

• US charges five individuals linked to Scattered Spider group (CT)

• SEC distributes almost $5M to investors of the defunct crypto startup BitClave (CD)

Extra Reads

• The Pi Cycle Top Indicator has historically been effective in picking out the timing of market cycle highs within 3 days.

  Here is a full breakdown of what the indicator is showing right now.

Chart of the Day

Bitcoin hitting crossing a historic $99,000 mark

Meme Dump

Pls send us crypto memes to be featured in the newsletter 🤝

🐦 Follow Us: Visit our X account for constant updates on all things web3, DeFi, and crypto.

💵 Litquidity Ventures: Accredited investors & qualified purchasers within the Litquidity community can gain access to alternative investments such as venture, late-stage growth, and private equity through Litquidity Ventures. Interested? Fill out this form.

☎️ Book a call with Lit: Want to pick Litquidity’s brain on business advice, insights, or just chat to say what’s up? Buy his time here.

📧 Launch your own newsletter: Have great content ideas and looking to launch your own publication? We highly recommend Beehiiv to get started.