Good Morning,

Here's a quick preview of today’s content: Bitcoin smashes through its all time high on Sunday, miners are taking a note out of Saylor’s playbook, OpenSea moves hint at a possible long awaited token, US citizen is going to the slammer for unreported crypto gains, crypto VC activity surges after Trump’s victory, and more

Happy Monday, Let’s dive in.

Market Snapshot

• Bitcoin surged to over $106,000 in early Asian hours, setting new all-time highs before quickly retreating to $104,500 amid concerns about the upcoming US fed rate cut

  • The U.S. central bank is expected to reduce the benchmark borrowing cost by 25 basis points to the 4.25%-4.5% range, marking a total easing of 100 basis points since September

• Gainers: VIRTUAL (+16%), ONDO (+14.4%), FTM (+14.5%)

• Laggers: KCS (-12.4%), KAIA (-6.7%), CRV (-4.9%)

Market Predictions

• Traders on Kalshi are currently factoring in a 48% chance that Bitcoin goes above $149k before 2026 (and a 71% chance above $125k)

• Trade this market by checking out Kalshi

• Get a $20 bonus when you deposit $100 or more with code “LIT” on signup

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

• Michael Saylor’s MicroStrategy joins Nasdaq-100 index (CD) 

• Miners are adopting the same Bitcoin acquisition strategy as MicroStrategy per JPMorgan and here’s why

• Bitcoin traders now target $120K as 'Santa Claus Rally' gains steam (CD)

• BlackRock’s Ethereum ETFs record $1.5B of inflows in 16 days (DC) 

• Bitcoin miner Riot Platforms buys another $510M worth of Bitcoin (DC) 

• Galaxy Digital hires former Point72 executive Tony Paquette as new CFO (CT) 

• Michael Saylor expects Mara Holding to join Nasdaq-100 Index (CT) 

• Pantera Capital founder Dan Morehead urges swapping $600B US gold reserves to Bitcoin (TD) 

• NFT marketplace OpenSea sparks speculation of token launch and user airdrop (CT) 

• Ethereum volume surpasses Bitcoin on trading protocol Hyperliquid (CD) 

• VanEck gives 2025 PT of $180K for Bitcoin, $6K for Ethereum and $500 for Solana (BL) 

• Sui Network partners with Ant Digital Technologies and Zan Team to tokenize ESG-backed real-world assets (TD)

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Launches

• Telegram-based game, TapSwap, announces token launch and airdrop (DC)

Venture Capital

• Crypto project funding from VCs surge to over $1B after Trump victory (BC) 

• Digital asset manager COSIMO raises $12M in strategic funding round led by former Bridgewater executive Des Mac Intyre (BW) 

• Blockchain developer MegaLabs raises $10M in 3 minutes on angel investor platform Echo (TB)

Regulation

• A Japanese lawmaker named Satoshi pushes for national Bitcoin reserve (DC) 

• Bank of England to require firms to report crypto exposure (DC) 

• Texas man gets 2 years in prison for underreporting $4M of Bitcoin gains (TD)

Extra Reads

• PENGU: Everything you need to know about the Pudgy Penguins Solana token and Airdrop - Read Here

• Solana meme coin 'Chill Guy' plummets after IP creator's accounts hacked to share hoax (this is a wild story) - Read Here

Chart of the Day

Fear And Greed Index Year To Date

Meme Dump

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

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