💸 Elon Musk Is Putting The USA On-Chain!
👉 DOGE ETF To Launch Soon?
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📰 Musk Is Putting the USA On-Chain!
💎 It’s A Doge Eat Doge Meme-World!
💥 Best Alpha Posts of the Day
🐸 MEMEoirs of a Degen!
📢 Biggest Announcements
💭 Banter’s Take
GM Degens,
Wow, the US government is probably going to be using Blockchain soon, and I'm not talking about a Bitcoin strategic reserve; I'm talking about actual utility for government operations.
Meanwhile, people are talking about memes making a comeback as two of the biggest ones just had some really big news.
Let's dive in!
🌍 Market Catch-Up
Top 100 coins Daily Performance - Banter Bubbles
Source: CoinMarketCap
📰 News of the Day
Musk Is Putting the USA On-Chain!
It seems like we are actually nearing the end of a major FUD period. Hear us out on this one as it's sort of crept up on us for the most part.
So, these are (or were) the major things that have been affecting the market—mostly negatively:
The unexpected release of the latest DeepSeek model, which caused people to question the US AI market and led to Nvidia's big stock price drop, creating the biggest market loss in history for any one stock.
The Bank of Japan (BOJ) upping its interest rates.
The upcoming FOMC, which will be crucial to understand what's going to happen in the US regarding rates in 2025.
But… let's rewrite that list a little bit more realistically now that we have more clarity:
DeepSeek - FUD
Bank of Japan (BOJ) interest rates hike - Done
FOMC - Happening today, mostly priced in
The markets have priced in a 98.9% chance that there will be no rate cuts today, and the monetary policy will remain the same, but it will be good to see what Jerome Powell has to say about it all. People will be clinging to his every word. There's always de-risking before FOMC.
So, could things start looking better soon?
Potentially, and here is some hopium. The US government could soon be using blockchain, and I'm not talking about a Bitcoin strategic reserve. This news comes with a bit of skepticism and some added spice, so let's start from the start.
World Liberty Financial, MOVE, and Musk:
On January 28, 2025, World Liberty Financial (WLFI), with connections to the Trump family, made a strategic investment by purchasing $2 million worth of Movement (MOVE) tokens (World Liberty Finance also holds Ethereum, Chainlink, Aave, and Tron.) But, just ten minutes following WLFI's acquisition of MOVE tokens, news came out that Movement Labs was among the firms engaging in discussions with the Elon Musk led Department of Government Efficiency (D.O.G.E.) regarding blockchain technology applications.
Coincidence?
This is news that D.O.G.E. could enhance government operations, from tracking federal expenditures to securing data by using such tech in the (near) future. We know the rate at which Musk likes to operate and, likely, if this is the case, it won’t be long before a chain is indeed selected for such operations.
It’s no coincidence then that LunarCrush data shows Movement (MOVE) as one of the most mentioned and engaged with altcoins on the market right now, across all social media platforms.
Speaking of D.O.G.E., let’s have a look at DOGE!
💎 Degens’ Den
It’s A Doge Eat Doge Meme-World!
Yes, we got news yesterday that dogwifhat (WIF) was going to be featured on the Las Vegas Sphere (after the speculation began last year); we got the news in the form of a post on X which was later taken down, only to be replaced with another one.
The funds which are to be used to place WIF on the Sphere started moving, with what seemed like a test transaction.
And WIF was not the only dog playing around yesterday. We also got news that Bitwise has filed an S-1 for a Dogecoin (DOGE) ETF.
After this, the odds of a DOGE ETF being approved in 2025 started soaring on Polymarket’s prediction market.
Memes are just the center of attention right now, but the true winner of this meme craze is probably Pump[dot]Fun with its revenue flooding in from all the memecoins being launched via it.
🐸 MEMEoirs of a Degen!
📢 Biggest Announcements
Microsoft Probes Potential Unauthorized Access by DeepSeek-Linked Group to OpenAI Data
Paradigm Co-Founder Matt Huang Pledges $1.25M for Tornado Cash Developer Roman Storm's Legal Battle
Czech Central Bank Governor to Propose Bitcoin Investment to Diversify Reserves, Could Hold Up to 5% of €140BN in BTC
Arweave Wallet ArConnect Reaches 100K Installs, $1B in Transaction Volume, and Over 100 Integrated Apps Ahead Of AO Launch
💭 Banter’s Take
There are many paradoxes in the market as Vance Spencer puts it below, and he couldn't be more right. Welcome to the craziness of crypto if you're new here, and if you've been around for a while, you probably already know how volatile and crazy this space can get. If this is the beginning of the final leg of this bull market, that probably will not change. Then again, no one can know that, and as usual, none of this is financial advice, and you all need to do your own research.
See you all tomorrow!