Today's Newsletter content 📃
No. | Index |
|---|---|
1. | Will 7 Tech Giant Buy Bitcoin in 2025? 🤔 |
2. | UAE Emerges as a Global Crypto Leader |
3. | Japan Rejects Bitcoin as National Reserve |
4. | Bitcoin Hits $98K as MicroStrategy Doubles Down |
5. | Meme Coin Drama |
6. | Crypto OTC Trading Booms After US Election |
7. | Israel’s Bitcoin Mutual Funds |
8. | 🤣 Meme of the week 🤣 |
💹 Bitcoin Hits $98K as MicroStrategy Doubles Down
Bitcoin’s on the rise, climbing to $98,747 after MicroStrategy announced plans to sell more shares to fuel another Bitcoin buying spree. This move pumped the market, lifting altcoins like Dogecoin and Solana, too. MicroStrategy’s all-in strategy is keeping bullish vibes strong for Bitcoin. SEC filing disclosed MicroStrategy's intent to increase authorized Class A and preferred shares, enabling further fundraising for its Bitcoin strategy. Analysts suggest the news reflects MicroStrategy’s ongoing commitment to expanding its crypto holdings, reinforcing positive sentiment in the market.
Will a Magnificent 7 Tech Giant Buy Bitcoin in 2025?
Prediction markets are lit! Odds are now at 77% that one of the Magnificent 7—Apple, Amazon, Meta, Microsoft, Tesla, Nvidia, or Alphabet—will add Bitcoin to their balance sheet in 2025. Amazon’s shareholders are leading the charge with a push for a $4.4B Bitcoin investment, while Tesla’s already holding $1.5B. Meta’s busy with NFTs, Microsoft is all-in on blockchain, and Apple’s just making crypto easier to buy. 2025 could be the year corporate giants finally go full crypto.
UAE Emerges as a Global Crypto Leader
Next up, let’s talk about the UAE flexing its crypto muscles. With $40B in Bitcoin reserves, they’re officially a crypto powerhouse. Between July 2023 and June 2024, they clocked $34B in crypto transactions, with stablecoins leading the pack. Dubai’s VARA and Abu Dhabi’s ADGM are driving massive innovation. DeFi services in the region grew by 74%, proving the UAE isn’t just playing the crypto game—they’re redefining it.
Japan Says ‘No Thanks’ to Bitcoin Reserves
While some countries are stacking sats, Japan’s saying, ‘Nah, we’re good.’ Prime Minister Shigeru Ishiba shot down the idea of Bitcoin as a national reserve, sticking to bonds and foreign central bank deposits. Looks like Japan’s playing it super safe, even as countries like Russia and El Salvador go all-in on Bitcoin reserves.
🐶 Meme Token Drama: Chillguy Takes a Hit
Drama alert! Chillguy token took a nosedive to $0.17 after accusations of meme image plagiarism. Meanwhile, new tokens like RELAXBOY and CHILLDOG are riding the hype train. RELAXBOY had a wild 700X rally before crashing. TikTok’s fueling the chaos, proving once again that meme tokens live and die by social buzz.
💼 Crypto OTC Trading Booms After US Election
Post-election, OTC crypto trading volumes are skyrocketing! Kraken Institutional reported a 220% jump as traders scramble for Bitcoin and Ethereum. With ETFs on the horizon, the market’s heating up, and big players are diving in with diversified strategies.
Israel’s Bitcoin Mutual Funds Launch Dec. 31
Israel is making moves! Six Bitcoin mutual funds are launching on December 31, with fees as low as 0.25%. This mirrors the U.S.’s ETF success and marks a huge step for crypto adoption in the Start-Up Nation. Bonus: Israel’s working on a digital shekel—so yeah, they’re playing the long game.”
🤣 MEME OF THE WEEK 🤣
" You've been in crypto for 5 years, you must be rich right?"
Me :
Alright, that’s a wrap for this year’s final edition of The Web3 Watch! 🚀
See you all in 2025.
HAPPY NEW YEAR!
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