Plus: Bitcoin $300K in 2025?
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GM. We're serving up a crypto sangria today - bold flavors, unexpected twists, and just enough punch.
🦅 Oklahoma's Bitcoin reserve, a lawsuit against Pump(.)fun, and more crypto news from the US.
🍋 News drops: malware scams are on the rise, Dubai is building the Crypto Tower + more
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🍍 Market flavor today
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| Crypto Market Cap: $3.56T 2.17% (24H) | ||||
| Name | Price | 24H | 7D | |
|---|---|---|---|---|
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Bitcoin BTC | $99,343.68 | 0.47% | 6.61% |
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Ethereum ETH | $3,316.49 | -0.95% | 1.34% |
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XRP XRP | $3.34 | 14.62% | 44.51% |
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Solana SOL | $212.08 | 6.76% | 12.12% |
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BNB BNB | $711.23 | 1.05% | 3.07% |
| Prices as of 14:00 EST. Click here to see live data. |
Green is the ultimate feel-good color - forests, the sweet green traffic light, St. Paddy's Day... and above all, the greens in your portfolio rn. Am I right, or am I right? 😎
The Fear & Greed Index is at 75, which means investors remain greedy. And it's not hard to see why: Bitcoin poked its head above $100K a couple uh times over the past day and is still dancing around that level.
Basically, the market's still vibey after yesterday's inflation report.
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Bitcoin maxi Mark Cullen thinks that if BTC manages to push past $103K, it'll create a "HH" (Higher High), which, translated to normal-people English, means the price would reach a peak that's higher than its previous one.
However, if the market decides to dip, he sees $80K as the target.
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Speaking of potential future prices, HashKey Group posted a market survey that says BTC could go beyond $300K by 2025. Why?
Clearer crypto regulations;
Broader institutional adoption;
Faster tech breakthroughs.
+ They also think Ethereum could hit $8K this year.
Oh, and more about coins other than BTC: XRP broke past $3 for the first time since 2018. That's a 35% increase in the past week - the biggest jump among the top 10 cryptos.
Even Google Trends data shows searches for XRP outpaced BTC searches recently, and increased searches might be an indicator of retail interest.
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For now, it's safe to say the grass is greener on this side. But don't forget to keep watering those greens - there's still plenty of room for them to grow 🌱
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🥝 Memecoin harvest
These tokens play hard, pump hard, and leave TradFi wondering wtf is going on.
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Name |
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24H Change |
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ROSSCOIN ROSSCOIN |
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Lumo-8B-Instruct LUMO |
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WHISP WHISP |
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JailbreakMe JAIL |
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Check out these memecoins and plenty more here.
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🦅 US updates
AAAA, ohmygosh, Jesus Christ, Marie, and Joseph, there's so much stuff going on in the US that we don't even have the time to think of a clever introduction.
We're getting straight into it.
1/ Oklahoma gets it
Oklahoma joins the growing list of states that are starting to connect the dots.
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Rep. Cody Maynard introduced the Strategic Bitcoin Reserve Act, which would allow Oklahoma's state savings accounts and pension funds to invest in crypto.
FOMO is real, and it is among us.
2/ Bitfinex update
The US government might return 94K BTC seized from the 2016 Bitfinex hack - nearly 80% of the total 120K BTC stolen.
According to a new court document, returning the rest is gonna be messy. That's 'cause the perpetrators - Ilya Lichtenstein and Heather "Razzlekhan" Morgan - had already managed to launder it.
So, a complicated legal process will need to take place to confirm which coins really came from the hack and are "clean" enough to return.
Side note: Ilya's now serving 5 years in prison, and Razzlekhan got 18 months.
Side side note: before heading to prison, Razzlekhan released a rap song called Razzlekhan vs The United States. Not to be offensive, but hundreds of years ago, they had torture devices like the breaking wheel - today, we have music like this.
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Ok, back to main note: returning the BTC could actually be bullish because it eases fears of a government dump.
Also, it's simply the right thing to do.
3/ Some more legal stuff
HDR Global Trading Limited, the parent company of BitMEX, got hit with two years of unsupervised probation + $100M fine. Why? BitMEX apparently ran without a proper anti-money laundering (AML) program.
Meanwhile, Burwick Law is planning a class-action lawsuit against Pump(.)fun, saying that the platform profited millions in fees while users lost money to rugs and "unfulfilled promises."
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4/ Trump pump?
Donald Trump's gonna be back in office next week, and the headlines definitely have us daydreaming about upgrading from pre-rich to rich:
Reuters says that the SEC might drop some crypto enforcement cases with the new leadership in charge;
The NY Post reported that Trump is into the idea of creating a strategic reserve for cryptos like USD Coin, Solana, and XRP;
Senator Tim Scott, who'll lead the Senate Banking Committee, wants crypto regulations to be one of the main priorities for the new Congress.
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5/ The ETF front
VanEck filed for the "Onchain Economy" ETF, which would invest in crypto companies;
Canary Capital filed an amended S-1 form for their Litecoin ETF, which might mean that it's gonna be the next one to get approved 👀
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Phew, okay, this was a rush 😮💨 All of that in just one day. Crypto is a special industry, innit?
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🍋 News drops
📝 A survey from CryptoQuant shows that over 60% of crypto investors are between 25 and 44. Oh, and they're smart, too - almost half have a bachelor's, and 28% went for extra credit with advanced degrees.
⚠️ Phishing? So last season. Telegram malware scams are apparently the trend now - they're up 2,000% since November.
🏙 Dubai is planning to build a 17-story building called the Crypto Tower. Nine floors are for crypto offices, three for blockchain incubators, and one for AI innovation. Now, the real question - if they can put Rihanna on the Burj Khalifa, can we see Michael Saylor on this one?!
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🚀 Malaysia might've caught the crypto virus. Prime Minister Anwar Ibrahim had a chat with Abu Dhabi officials and Binance's CZ about creating policies on digital finance.
📱 New to crypto and need the right tools? Check out our list of the best beginner-friendly apps to get started.
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🍌 Juicy memes
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