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Plus: Elon Musk is now Kekius Maximus, and crypto lost it
GM. Fireworks? Check. Blockchain confetti? Double check. The Daily Squeeze is here to light up your inbox with crypto sparkle this New Yearβs Eve!
π₯ Celebrating a year that only crypto could make this entertaining.
π Firework flashes: Elon Musk is now Kekius Maximus, Blockchain Bandit is back in town + more
π Market countdown today
Itβs that time of year when everyoneβs counting down β crypto has its own rhythm, thoβ. And letβs just say the final stretch before midnight is feeling a bit tenseβ¦ yet still thrilling β¨
Weβre ending 2024 in Greed at 64 (not a confident position, but weβre still there).
Meanwhile, Bitcoin is drifting between $91K and $95K today β a slide off its high of $108,353 reached on December 17.
Analysts are watching a formation called head-and-shoulders. No, not the shampoo β itβs a chart shape suggesting the price could drop more if it stays below the βnecklineβ (currently $92K).
And if Bitcoin keeps closing under $92K, some predict a slide to around $80K.
On top of that, some traders note that shorts (positions that profit when prices go down) have been stacking up, so we might expect a price drop soon.
Weβve also been seeing outflows from Bitcoin ETFs β $415.1M gone just yesterday.
Adding even more fuel to the fire, the US might soon bump into its borrowing limit, and raising that limit (aka the debt ceiling) hasnβt historically done Bitcoin any favors β it tends to underperform after those announcements.
At the same time, MicroStrategy bought 2,138 BTC for $209M, Tether is also rumored to have added $700M worth of Bitcoin to its reserves β so despite all the bad news, the big dawgs still seem bullish.
As the ball drops, so might some pricesβ¦ but thatβs just part of the crypto adventure. Bring on 2025 β weβre ready for whatever this journey will throw our way next! π
πΎ Poppinβ memecoins
Forget fireworks β these memecoins are the real rockets lighting up the market today π§¨
Name
24H Change
Kekius Maximus KEKIUS
β²59K%
ZAILGO ZAILGO
β²19K%
Butthole Coin BUTTHOLE
β²183%
yesnoerror YNE
β²57%
Data as of 06:30 AM EST.
Check out these memecoins and plenty more here.
We made it, my loves. It was a lot, but we made it.
As we count down the last seconds of 2024, letβs do a lilβ recap of the highs and lows that made this year so special.
The year politics got crypto-fied
2024 was the year when crypto stepped out of the βitβs a crypto bro thingβ zone and became a political issue.
Donald Trump went full-on pro-crypto during his campaign. And apparently, this worked β he won the presidency and brought along 50+ pro-crypto Congressional candidates.
And it wasnβt just the US that started taking this industry seriously:
The year of ETFs
Bitcoin ETFs became a reality in January, and it was the most successful launch of any in history. In less than a year, theyβve pulled in $108B;
Ethereum joined the ETF party, too, holding $10B.
Translation: institutional investors really started feeling crypto.
The year of $100K BTC
Bitcoin finally broke past $100K this year β thanks to ETFs, institutional adoption, and the Bitcoin halving.
The year of Gensler no more
The SEC was ruthless this year β they collected over $8.2B in penalties from lawsuits against crypto companies.
But hereβs a nice plot twist for ya β SEC Chair Gary Gensler resigned, so we might expect more breathing room in 2025.
The year of legal issues
FTX executives discovered the meaning of justice; most notably, Sam Bankman-Fried was sentenced to 25 years in prison;
Binanceβs CZ spent 4 months in prison;
Hackers like Ilya Lichtenstein (the guy behind the 2016 Bitfinex hack) faced the consequences of their actions;
Tornado Cash devs also struggled a little extra in the legal department this year β Alexey Pertsev got over five years, while Roman Storm faces charges for money laundering and sanction violations.
The year of AI+Crypto
Terminal of Truths, a semi-autonomous AI agent on X, really stole the show in 2024.
Not only did it inspire the Goatseus Maximus (GOAT) memecoin (which, btw, went from a joke to $1B), but it also basically became the face of the AI agent economy.
The year of celebrity memecoins
Thanks to platforms like Pump(.)fun, making your own memecoin became easier than ever.
And celebrities couldnβt resist β stars like Caitlyn Jenner, Iggy Azalea, and the Hawk Tuah girl jumped on the trend. Quick spoiler: most of them rugged.
The year of the comeback
Remember Roaring Kitty? The 2021 GameStop short squeeze? Ring any bells?
Well, he came back in May with one subliminal tweet, and it broke the internet. Stocks like GameStop and AMC skyrocketed, proving the guy still has serious market influence.
The year of livestreams
Pump(.)fun tried adding a livestream feature this year, and while it didnβt last, it gave us some iconic (and very concerning) moments.
Exhibit A: a 14-year-old kid rugged a memecoin live on camera and made $54K.
It was political, it was inspiring, it was funny β but above all, it was completely unhinged.
While itβs hard to predict the future, one thingβs guaranteed: 2025 is gonna bring even more crypto drama. And we are SO here for it! πΎ
π Firework flashes
πΈ Elon Musk rebranded himself on X as βKekius Maximusβ and changed his profile pic for a Pepe meme. Naturally, KEKIUS went to the moon, and PEPE got a 6% push (as of writing).
π¦Ή Blockchain Bandit is back in action. After nearly two years of silence, the hacker who stole 51K Ether by cracking weak private keys moved all the loot into a single multisig wallet.
π MoonPay got the approval to run as a licensed crypto business in the Netherlands under the EUβs MiCA bill. With this license, theyβre sticking to their game plan: making fiat-to-crypto and crypto-to-fiat swaps easy.
π Hyperliquid launched native staking on its mainnet, so now you can earn rewards while helping secure the network. Choose your validator wisely β factors like uptime, fees, and community contributions are all in the mix.
π Crypto wallet provider Tangem fixed a critical app bug that collected some usersβ private keys via email. A Reddit thread called them out, claiming email histories stored the keys, but Tangem says the glitch in their appβs logs is fixed for good.
π Core DAO dropped its 2025 plans, and theyβre packed: Bitcoin-backed stablecoins, liquid staked Bitcoin, upgrades to the Core Commit program, and more. Big year ahead!
π Resolution: learn more
Kick off the year by discovering the OneKey crypto wallet with the latest BitDegree Mission, βOneKey, One Goal: Superior Crypto Protectionβ:
β¨ New year, new memes
Thatβs a wrap for todayβs Daily Squeeze β weβre officially hanging up our juicers for the year (and swapping charts for champagne). From all of us at BitDegree, we wish you a Happy New Year! π₯³ May your wallets stay secure, your trades stay green, and your resolutions last longer than a week π
Donβt miss us too much β weβll be back in action on Thursday, ready to squeeze 2025βs first batch of blockchain juice just for you. Until then, stay safe, stay inspired, and donβt let the bears ruin your holiday! πͺ©
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