🇺🇸 Will The US Integrate Blockchain Into Its Core?
💎 Berachain Goes Live; FTT Surges Ahead Of Repayments!
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📰 Will The US Integrate Blockchain Into Its Core?
💎 Berachain Goes Live; FTT Surges Ahead Of Repayments!
💥 Best Alpha Posts of the Day
🐸 MEMEoirs of a Degen!
📢 Biggest Announcements
💭 Banter’s Take
GM Degens,
Things are definitely happening, and soon we may see the biggest superpower in the world integrate blockchain into its core. This is getting the bulls super excited.
Meanwhile, a new chain launches today after a long wait.
Let’s dive in!
🌍 Market Catch-Up
Top 100 coins Daily Performance - Banter Bubbles
Source: CoinMarketCap
📰 Question of the Day
Will The US Integrate Blockchain Into Its Core?
A few bullish things have happened over the last 24 hours.
After shilling Ethereum (ETH) a few days ago, Donald Trump’s son Eric Trump has now posted publicly for the world's eyes to see that it is a great time to enter Bitcoin (BTC). There was a lot of scrutiny around his Ethereum post; let's see if this one ages better.
Seeing as he has tagged World Liberty Financial (WLFI), it's possible that they're going to make some kind of purchase soon.
One of the biggest pieces of news from the last 24 hours is that of the FDIC planning to revise its crypto guidance and allow banks to engage in crypto activities as Mario Nawfal reports below.
Another big one, which might not seem so on the surface, is MicroStrategy's rebrand to simply "Strategy," and their new logo has the Bitcoin symbol at the end of it. It is clear that Strategy wants to be the ‘Bitcoin company’ at this points. But some argue that one entity owning so much of the Bitcoin supply can be risky.
But the literal biggest thing that happened in the last 24 hours was Elon Musk proposing the use of blockchain technology for the U.S. Treasury’s operations. Others have previously stated that this integration may help, like Robert F. Kennedy Jr. in 2024, who advocated for putting the federal budget on a blockchain to allow public scrutiny. Odds on Polymarket of this happening in 2025 are fluctuating.
Seeing as blockchain is an immutable ledger of transactions which nobody can hack or change, it would indeed allow the public to see all the spending that the government is doing. Let's not forget that the U.S. is also very bullish on stablecoins now, something that came to light after U.S. ‘AI and Crypto Czar’ David Sacks’ speech a few days ago. Many are speculating about which chain might be used to do both of these. Will it be two chains, or will one chain be chosen to run both?
Or will they create a whole new chain?
Oh, by the way, below is our newsletter from January 29th—a whole week ago. Everyone is talking about this now, but if you want the news a little earlier, like a week earlier, hit subscribe!
💎 Degens’ Den
Berachain Goes Live; FTT Surges Ahead Of Repayments!
(Disclaimer: This is news, not endorsement. As usual, none of this is financial advice, and you all need to do your own research.)
It's a launch that many people were anticipating, and many were airdrop farming.
What’s so special about it?
Well, Berachain introduces a novel consensus mechanism called Proof of Liquidity (PoL), which many are calling an innovative approach to network security and liquidity management. Unlike traditional Proof of Stake (PoS) systems where assets are locked up to secure the network, Berachain's PoL allows users to provide liquidity to DeFi protocols, thereby earning rewards while simultaneously securing the network. The mechanism is designed to address the common issues of liquidity fragmentation and inefficiency in DeFi.
The tokenomics of $BERA are structured with a total supply of 500 million tokens, of which nearly 48.9% is allocated to the community.
According to Aevo's perpetual futures data, BERA is currently trading at around $8.5 (at time of writing), putting it at just over a $4 billion Fully Diluted Valuation (FDV).
In other altcoin news, the coins ranking on LunarCrush’s AltRank™ today (from within the top 100 MC coins) are:
Toncoin (TON)
Ondo (ONDO)
Monero (XMR)
From LunarCrush: AltRank™ evaluates both market and social data. This ranking system assesses an asset's price movement alongside its social activity indicators, offering a comprehensive view of its current standing in the crypto market.
However, the top coin on CoinMarketCap when it comes to 24-hour gains (from within the top 100 market cap coins again) is FTX Token (FTT), likely due to the upcoming repayments that will be given to FTX creditors.
🐸 MEMEoirs of a Degen!
📢 Biggest Announcements
BlackRock To List Its Bitcoin ETP In Europe
Standard Chartered Bank Says Bitcoin Is Going To $500,000
Grayscale Has Filed A 19b-4 Shelf Registration Statement With The NYSE And SEC To Convert Its Litecoin Trust Into A Spot ETF
💭 Banter’s Take
Forget about the short term for a moment and see how the world is literally changing. People are starting to see the technological advantages of blockchain. This industry is past the point of proving itself; it is now entering the world-use-case phase. Just like when the internet started seeing massive use cases like online shopping and social media emerge.
The question is, where will blockchain and crypto succeed? Which sectors can they advance? Many may argue that DeFi has been proven, as has digital ownership with NFTs. And let's not forget the big one: many people believing that Bitcoin is digital gold and/or a store of value.
Boomers got the internet; this generation gets blockchain.
See you all tomorrow!