Plus: Bitcoin and Ethereum ETFs land on Wall Street
GM. The Daily Squeeze is here to brighten your pre-holiday madness with a zesty splash of blockchain – refreshing and just a little unhinged.
🎁 Last-minute Christmas gifts.
🍋 News drops: the SEC approves BTC+ETH ETFs, Tornado Cash’s Roman Storm wants the charges against him dropped + more
🍍 Market flavor today
The crypto market feels like flipping a coin, and it lands on the edge – weird, but somehow fitting 🙃
The Fear and Greed Index slipped slightly to 74 (but hey, we’re still in Greed), while Bitcoin dropped below $96K. Blame it on the Fed’s latest tea: only two rate cuts expected in 2025.
BTC ETFs had $671.9M in outflows yesterday – their first red day this month.
The 50-hour Simple Moving Average (SMA) dipped below the 200-hour SMA, forming what’s called a bearish crossover. This usually means that short-term momentum has slowed enough to drag prices down further.
That said, here’s the kicker: during Bitcoin’s recent bull run, these crossovers have been all bark and no bite – instead of crashing, BTC has bounced back even stronger. Will this time be different? 👀
For all y’all glass-half-full kinda people, Santiment says that discussions about buying the dip have hit their highest level in eight months. The last time the crowd got this eager, we saw a massive run-up afterward.
Outside of our digital bubble, GDP expanded at a 3.1% annualized clip in Q3, showing economic strength despite inflation fears. And a healthy economy = investor confidence, which often spills over into riskier assets like crypto.
So yeah, whether it falls heads, tails, or stays on the edge – the market can get unpredictable, but that’s what makes it so exciting 🪙
🥝 Memecoin harvest
Why does this coin exist? No one cares – it’s up, and that’s all the explanation we need.
Name
24H Change
yesnoerror YNE
▲16K%
Frodo the virtual samurai FROG
▲39%
MAD MAD
▲6%
zerebro ZEREBRO
▲5%
Data as of 05:20 AM EST.
Check out these memecoins and plenty more here.
Alright, alright, deep breaths. Christmas is basically on our doorstep, and yeah, we’re all in that Home Alone mood – running around trying to make everything perfect. Trust me, we’re right there with you.
So, let’s take a step back together and just recap where we’re at:
Christmas tree? Sparkly as hell ✅
That old dusty deer statue from the attic? On display ✅
Menu? Planned, Michelin-star level ✅
Guests? Invited ✅
A gift for your degen friend? Oh. OH. Did I… F*CK. FORGOT. PANIC ACTIVATED.
Take a chill pill. We’ve got your back.
1/ Ledger Flex
Imagine handing someone a gadget that says, “I’m secure, I’m stylish, and I’m smarter than your average wallet.”
The Ledger Flex ticks all the boxes with its E-Ink touchscreen, elite security chip, and the ability to store 1000+ coins, tokens, and NFTs.
Oh, and it comes with a cheeky $70 BTC bonus 😉
2/ Ledger Stax
Designed by Tony Fadell, the guy behind the OG iPod, the Ledger Stax takes crypto wallets to a whole new level.
It’s got a curved touchscreen, supports 5000+ cryptos and NFTs, and keeps them safe while looking ridiculously sleek.
3/ Ledger gift card
Can’t decide? That’s fine – don’t burn out your last remaining brain cell. A Ledger gift card is the play-it-safe-but-still-cool option.
4/ Trezor Safe 5
The Trezor Safe 5 is for the friend who’s all about maximum security. Think EAL6+ certified chip, resistance to brute-force attacks – overall, perfect for peace of mind and hardcore holding.
5/ Trezor Safe 3
Another strong contender, the Trezor Safe 3, supports over 7,000 assets. Open-source, ultra-secure, and rocking Trezor Suite’s privacy-enhancing features.
6/ NFTs
Okay, hear me out – NFTs are a unique, personal, and kinda brilliant gift for anyone into art, gaming, or collectibles.
Plus, with the right choice, you could gift something that actually grows in value. Talk about a gift that keeps on giving 🥰
So, there you have it – gift ideas that scream, “I know you, I see you, and no, I didn’t forget about you.” ‘Cause you don’t wanna go down in history as that person who’s known for gifting socks…
🍋 News drops
👍 The SEC gave a thumbs-up to Bitcoin and Ether index ETFs from Hashdex and Franklin Templeton. Hashdex’s Nasdaq Crypto Index ETF is heading to the Nasdaq, while Franklin’s Crypto Index ETF is set to trade on the Cboe BZX Exchange.
🌪 Tornado Cash co-founder Roman Storm wants the charges against him to be dropped. He says a recent court ruling, which found Tornado Cash’s smart contracts aren’t “property” of a foreign entity, weakens the case accusing him of violating the IEEPA.
🎮 Ragnarok Online is leveling up with an update: Ragnarok Landverse: Genesis. Dropping on Ronin Network, this new version should launch in early 2025.
🏎️ Formula 1 and Crypto.com are locking in their partnership until 2030. This means the crypto exchange will keep showing up as a major sponsor at F1 events.
👀 World Liberty Financial, backed by the Trump family, exchanged $10M of Coinbase’s cbBTC for rival WBTC. This comes after Justin Sun, linked to WBTC, joined the company as an adviser.
🍌 Juicy memes
