OVERVIEW

It’s So Red Out There, My Portfolio Just Joined a Witness Protection Program 🕵️ 

Before we dive in, here’s today’s crypto market heatmap:

And here’s a look at crypto’s total and altcoin market cap YTD:

NEWS IN THREE SENTENCES
Crypto News 📰

🗳️ Poilievre’s Crypto Lovefest Takes Center Stage

Trudeau’s stepping aside, and Pierre Poilievre is already flexing his “Bitcoin for the people” routine. He’s shooting for the PM seat with an 89% chance, according to the betting crowds. If Canada wants a hyper-Bitcoinized tomorrow, he might just be the guy to deliver it. AMBcrypto.

⚖️ Coinbase vs. SEC: The Show Must Go On

Judge Failla gave Coinbase the green light to appeal, throwing the SEC’s lawsuit into pause mode. Now Coinbase heads to the Second Circuit Court to argue they’re not selling illegal securities. If they manage a slam dunk there, the SEC might finally shelve its power moves. beincrypto.

🏦 Polymesh Taps Vero Pulse For Better RWA Security

Polymesh just roped in Vero Pulse as a node operator to guard the chain. Because apparently tokenizing real estate and fine art is a job for licensed financial big-shots. If we see fewer rug pulls and more actual adoption, guess we’ll call that a win. Polymesh blog.

🤔 Cowen Thinks BTC Could ‘Pull A 1999 QQQ’

He says Bitcoin might rocket from $48,000 to $120,000 by Inauguration Day, just like QQQ soared after launch. Then again, QQQ also face-planted 48% right after that. If history repeats, we might see more meltdown tweets than actual millionaires. DailyHODL.

⚠️ Peter Brandt: BTC Could Drop If H&S Pattern Actually Matters

He spots a potential head-and-shoulders that might yank Bitcoin down to $73,000. Charts morph, he says, so maybe we’re fine or maybe we’re doomed. Either way, the short-term outlook is gloom, but the big trend still points up—until it doesn’t. Peter Brandt’s X.

🟩 Cardano Bags Its Spot Back in Grayscale’s $800M Fund

Cardano slid back into Grayscale’s good graces, snatching a 1.44% stake in the $800 million pie. Analysts see a “bull pennant” eyeing a $3 price tag, so apparently ADA’s not done ripping higher. Maybe next time Grayscale won’t call removing a top-tier alt “a mistake.” The Coin Republic.

♻️ Trash Collectors Turn Plastic into Crypto in Africa

Folks in Tanzania and Kenya are cleaning up beaches and rivers for token rewards, proving you can literally pick up garbage and pick up a paycheck. Initiatives like Chatafisha and Aquapurge use blockchain to track how much junk is collected, then pay out stablecoins. Whoever said crypto had zero utility clearly hasn’t met the people turning plastic bottles into dinner money. Cointelegraph.

💰 FTX Creditor Calls Out Bankruptcy Managers’ Champagne Lifestyle

Linda Favario just exposed the pricey flights, luxury hotels, and eyebrow-raising taxi tabs that FTX’s admins have been charging to the estate. Her complaint shows $8,251 tickets and $1,700 cab bills—first class everything is essential for bankruptcies. cryptopolitan.

PRESENTED BY STOCKTWITS
Mastering Risk Management With @alphatrends 👀 

Pro trader and Stocktwits user Brian Shannon is back for another power hour, focusing on managing risk in this choppy market environment. He analyzes several key indices and high-beta stocks using the anchored VWAP and outlines levels of interest, how he manages trades, common pitfalls in “buying the dip,” and more!