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Bulls and Bears Form Support Group: ‘We Have No Idea What’s Happening 😭
It's going up, wait, no, it's going down, omg it's going up again, now down, fml
Jonathan Morgan
January 14, 2025
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OVERVIEW
Bulls and Bears Form Support Group: ‘We Have No Idea What’s Happening 😭
Before we dive in, here’s today’s crypto market heatmap:
Source: Santiment
And here’s a look at crypto’s total and altcoin market cap YTD:
Source: TradingView
NEWS IN THREE SENTENCES
Crypto News 📰
🚀 Bitwise CIO: Corporate Bitcoin Frenzy Incoming
Matt Hougan predicts a horde of companies will jump on the BTC bandwagon in the next 12–18 months, and he’s calling it a “megatrend.” MicroStrategy’s plan to raise $42 billion is just the tip of the iceberg—plenty more firms want a piece of the action. If your boardroom wasn’t already talking Bitcoin, now might be a good time to schedule that meeting. CryptoBriefing.
⚖️ Craig Wright’s Final (Doomed) Appeal?
He’s reportedly aiming to appeal COPA’s contempt verdict at the Supreme Court—despite the fact that this route is off-limits. Patent lawyer David Pearce says Wright’s “inevitably” looking at a rejection, which would be just another L in his ongoing campaign to pass off as Satoshi. The man already owes legal fees, plus a suspended prison sentence, and now it seems he’s grasping at straws for a last-minute save. Protos.
🏛️ CFTC Enforcement Chief Leaves Before Trump Arrives
Ian McGinley is out, and he’s leaving behind a pile of crypto lawsuits—Binance, KuCoin, FTX, the works. Once a Trump pick slides into the CFTC’s top seat, Republicans might steer enforcement in a different direction. If new legislation passes soon, the CFTC could overshadow the SEC in crypto oversight—assuming they actually appoint someone before the next bull run. CoinDesk.
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