👀 Is Microsoft Buying Bitcoin?
👀 Is Microsoft Buying Bitcoin?
🐐 The Meme Taking Everyone By Surprise!
📰 Is Microsoft Buying Bitcoin?
💎 The Meme Taking Everyone By Surprise!
💥 Best Alpha Posts of the Day
🐸 MEMEoirs of a Degen!
📢 Biggest Announcements
💭 Banter’s Take
GM Degens,
And happy Friday!
We have news that one of the biggest tech giants is considering buying Bitcoin (BTC), but the degens don’t care. All they want are memecoins created and run by AI—it’s the latest hyped trend, after all!
But which one will be the G.O.A.T.?
Let’s dive in!
🌍 Market Catch-Up
Top 100 coins Daily Performance - Banter Bubbles
Source: CoinMarketCap
📰 Question of the Day
Is Microsoft Buying Bitcoin?
NASDAQ and some tech stocks are performing exceptionally well, while Bitcoin also appears strong. This could be the anticipated pre-election rally we've been expecting. Around election day a "sell the news" event might follow, though some predict a simple continuation. One thing’s for sure, uncertainty remains as the odds for the next U.S. president are still quite tight.
Meanwhile, the Solana (SOL) ecosystem continues to thrive, with economic activity rising steadily. We looked at this graph a few days ago, and it just keeps climbing. And one of its biggest meme coins on Solana, “cat in a dogs world” (MEW), has just hit a $1 billion market cap, with other memes following close behind. We’ll look at memes further down too.
Yesterday, we discussed initial jobless claims, which turned out didn’t bring any major market volatility. However, a big potential catalyst is on the horizon for said volatility: one of the world’s largest tech companies is about to vote on whether to invest in Bitcoin. Microsoft will hold an investor vote on December 10th to decide on this, though the board recommends a vote against it.
The vote against recommendation from Microsoft is interesting, especially as some of the largest fund managers worldwide continue to accumulate Bitcoin, with around $188 million worth being bought by Bitcoin spot ETFs yesterday.
Meanwhile, in the background, we are getting some clarity! The Pennsylvania House has passed a bill to establish clearer regulations on self-custody rights. Check it out!
💎 Degens’ Den
The Meme Taking Everyone By Surprise!
As I mentioned earlier, the Solana ecosystem is thriving, especially its meme coins. In addition to MEW, another coin catching a lot of attention is Goatseus Maximus (GOAT). GOAT was created following the AI-managed Truth Terminal account on X promoting the concept of "Goatseus Maximus." And it’s pumping hard. Since inception it has reached a market cap of over $650m (at time of writing).
Now, it’s been announced that GOAT will be listed on Binance Futures. But what typically happens when memes are listed there?
Looking at another Solana memecoin, Pepe (PEPE), may offer some insight…
When PEPE was listed on Binance Futures, it soon created a local top, and it took months before it saw another major rally, multiplying its value several times. PEPE was at around $800m market cap when the announcement came out. This is what happened next. 👇
While no one can predict if history will repeat, I hear chatter about this. As always, this isn’t financial advice, and you should always do your own research.
One issue with GOAT is that several wallets hold a large percentage of the supply, meaning they could dump their holdings on the rest of the market. Nonetheless, the AI agent narrative is now in full swing. Crypto Stream takes a look at some hyped coins below.
💥 Best Alpha Posts of the Day
a16z Portfolio Performance
As Andrew says below, a16z is considered a top venture capitalist and many look to it to see where to go next. The table below shows its investments’ performance.
🐸 MEMEoirs of a Degen!
📢 Biggest Announcements
Cardano Officially Joins Bitcoin’s Ecosystem Through the BitcoinOS Grail Bridge
Epic Games Migrating from IMX to Solana
Crypto Exchange Kraken Plans to Launch Its Own Blockchain Next Year
💭 Banter’s Take
Things are looking bright.
But the weekend could bring volatility, given how close we are to the election—and crypto bros know that TradFi traders can’t trade on the weekend. So, whales may start splashing their tails to stir up the prices while they can. Stay safe!
See you all on Monday!