Ace quick missions & earn crypto rewards while gaining real-world Web3 skills. Participate Now! 🔥
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Plus: Grok says some wild stuff |
GM. We’re out here running the tiki bar of crypto - grab your little umbrella drink & vibe with us. 🟠 Metaplanet CEO talks about Bitcoin. 🍋 News drops: Grok loses it, crypto advocacy groups are defending open-source devs + more |
🍍 Market flavor today | |||||||||||||||||||||||||||||||||||||||||
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The US is smashing records: 👉 The national debt is the highest it’s ever been; 👉 The US Dollar Index (DXY), which tracks how strong the dollar is compared to other major currencies, is at a 3-year low and 6.5 points below its 200-day moving average - the biggest gap in 21 years. ... Sure, maybe that wouldn't be something you brag about, but a win is a win? I guess?.. Well, it surely isn't a win for the economy: a weaker dollar means imports get more expensive, inflation risks rise, and confidence in US fiscal stability decreases. But for crypto… When the dollar gets weaker, investors tend to look for better places to put their money - usually riskier assets that have more upside, like stocks, gold, or Bitcoin. Historically, periods of a weak dollar have lined up with stronger Bitcoin demand. And CryptoQuant's Darkfost says we’re now in one of those phases where the dollar’s weakness could fuel a BTC rally. Except the price hasn’t actually moved much. Yet. But the setup is there. That said, Santiment’s Brian Quinlivan warns that traders are starting to get very hyped about Bitcoin being above $108.5K. And rising FOMO often leads to a short-term correction before any sustained rally. So, don’t get carried away. |
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The memes have unionized and overthrown logic 💥 | ||||||||||||||||||||
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Check out these memecoins and plenty more here. |
🦋 Butterfly effect | |||||||||||||||||||||
The son of a chief master sergeant learned early what it means to live in constant movement - base after base, one unfamiliar town after another. To him, only one thing always remained the same: the endless sky above. And while other kids collected baseball cards, he collected the thunder of jets during training runs. But he didn't only watch them. He studied them. He dreamed of flying one someday. Years later, MIT accepted him. He graduated with highest honors, and his dream of becoming a pilot was finally within reach. But then... a medical exam grounded him. "Benign heart murmur," the doctor said. "Too risky to fly." Two decades of dreaming, ended by an irregular heartbeat. He could've felt defeated and settled for something smaller, safer. But he didn't. He took all his ambition and aimed it somewhere else - at computers, data, and building something no one else had thought of yet. He started a company. Made millions. Lost millions. Made millions again. And along the way, he found Bitcoin. That boy was Michael Saylor. And I find such stories fascinating. Because imagine if he’d never been diagnosed - Saylor might've spent his life as a pilot. Strategy might’ve never existed. Bitcoin treasury strategies might’ve never become a thing. And companies like Metaplanet wouldn't be saying they plan to buy 210K BTC by the end of 2027. But it did happen. And Metaplanet did say that. This company - aka "the Japanese Strategy" - currently holds 15,555 BTC after adding another 2,505 just this Monday. On that note, Metaplanet's CEO, Simon Gerovich, recently told the Financial Times what Bitcoin means to them and how they plan to run with it. Here's some of what he said (and why you should pay attention): 1/ Bitcoin = digital gold rush Gerovich compared Bitcoin today to the 1800s gold rush, when prospectors raced to claim the best gold before others could. Like them, today's corporations are scrambling to buy Bitcoin while it's still relatively scarce and undervalued compared to its long-term potential. Translation: Bitcoin has way more room to grow. 2/ Bitcoin = collateral Gerovich thinks banks will eventually treat Bitcoin like they treat government bonds or big-name stocks - a real, mainstream financial asset. Something you can deposit with a bank and borrow cash against it. That way, you keep your Bitcoin and get liquidity to invest elsewhere. If this vision comes true, Bitcoin will become a productive part of the global economy - and demand (and price) will only go higher. All of this adds up to one thing: Bitcoin becoming a normal, accepted part of the global financial system. And maybe that’s the irony - the boy who once dreamed of flying helped Bitcoin find its wings... (... And it's beautiful 🥹)
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🍋 News drops🇰🇵 The US Treasury sanctioned people and companies for helping North Korean tech workers get crypto jobs. The money they earned was used to fund missiles. 💰 Tokyo’s energy company Remixpoint is paying its new CEO in Bitcoin. One small step for a CEO, one giant leap for crypto going mainstream! ⚖️ Crypto advocacy groups are backing a lawsuit to defend open-source developers from unfair treatment. They say the DOJ is going too far by acting like people who just write and share code are actually running money transfers. 🤖 Grok totally lost it - it started saying antisemitic stuff and even called itself “MechaHitler.” |
🍌 Juicy memes |
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