Yunon Jin

@yunonjin

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😡 A few words about the documents that Trump signed yesterday. Many TG-channels, without delving into the essence of what was written, immediately decided that the decrees of the US President are aimed at creating a federal bitcoin reserve. In fact, this is not the case. Below I have tried to concisely describe the essence of the document signed yesterday by Trump: 🟣 Creation of a working group on crypto markets. The group will develop a unified federal regulatory framework for digital assets, as well as explore the idea of creating a strategic national stockpile of digital assets. That is, now only a team will be assembled to analyse the feasibility of the very idea of a national stockpile of crypto. I'll also point out that a national stockpile and a federal reserve are not identical concepts.

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🟣 Ban on the creation and use of CBDC. The US has officially abandoned the idea of a central bank digital currency (CBDC), citing threats to the stability of the financial system and the privacy of citizens. I'm not sure about the threats, but the fact that the US government has decided not to compete with other stablecoins in the market plays into our hands. 🟣 Excluding the Fed and FDIC from working groups. The Federal Reserve and FDIC (the state's deposit insurance agency) will no longer be involved in shaping crypto policy. This could put an end to attempts to block cryptocurrency companies from banking.

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❗️ Market waits for Trump's guarantees Several indicators, including the premium on futures, speak about uncertainty in the market. Who does not know, premium is a situation when the price of an asset on futures is higher than on spot. On 20 January, when the bitcoin price updated ATH, the premium on futures relative to the spot market rose to 14%. While this figure is above the neutral threshold of 10%, it reflects moderate scepticism among professional traders. Historically, the premium has risen above 30% during bull rally periods. The lack of investor enthusiasm is due to the uncertainty surrounding the rising US fiscal debt. Moreover, the feasibility of the plan to create a "Strategic Bitcoin Reserve" that Trump is dreaming of is dependent on Congressional and Senate approval, making its implementation uncertain. I think that the US president needs to make concrete decisions about the future of the crypto in the very near future. Otherwise, a painful correction may await us.

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I made my NFT on zora and I'm gonna make more than one. Subscribe so you don't miss it. https://zora.co/collect/zora:0x39dade725a9b4c2b063d7f0eee98b266bc44a8a6/2?referrer=0x78aE094e6EB72De2a8E5800d7103c6d6842c4201

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this is a very cool designer, i'm subscribed to his instagram. i ran into him today at ZORA completely by accident https://zora.co/@kikillokikillo

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I came across a recent analytics about mining, and I was very surprised by the cost of mining 1 bitcoin They say that nowadays it costs more than 100K bucks per bit. It is clear that the cost will vary depending on the price of energy in a particular region. But either way, the figure is pretty impressive. More importantly, based on this figure, we can conclude that the cost of bitcoin should grow significantly, and in the very near future. No one will mine bitcoin at a disadvantage. On the other hand, such an unpleasant prospect for miners may entail unexpected solutions. For example, the invention of cheap and renewable sources of electricity.

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I haven't heard about TON for a long time, Durov disappeared from the radar, and there was not a word in the news about the major successes of this company. And it turned out that the guys have quite ambitious plans for the future. Their main goal for this year is to actively develop in the American market. This was announced by the new president of the TON Foundation and member of the Board of Directors, Manuel Stolz. It is clear that the main reason for this decision was Donald Trump's victory in the US elections. Let me remind you that in May 2020, Telegram lost a multi-year court case with the US Securities and Exchange Commission (SEC) over TON and Gram.

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🙌 YAAAAAAAAAY 🙌 I couldn't log in to my account for a week. guys connect all data to avoid problems with accounts

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🟠20 January: USA - Trump's Inauguration Trump takes office and can officially start "doing dirt". The news is positive but has been floated a bunch of times already. 🟠20 Jan: SEC - Gary Gensler resigns The hater of crypto seeding is leaving his post. Question for the audience: are we going to start growing, or is it already priced in? 🟠24 Jan: JP - BoJ interest rate decision Last month, the rate stayed at 0.25%. This month, the probability of the rate staying the same is 77.1%. 🟠29 Jan: USA - FOMC In December, the rate was cut by 25bp to 4.25-4.5% p.a.. But the probability that it will be cut in January is only 8.6%. 🟠30 Jan: Binance - delisting of $OMG The delisting itself is not a big news, but its reasons are interesting to understand.

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A glimpse into the future? The New Year has already arrived and is preparing surprises for us. Let's open the calendar and see what's in store for us in January. 🟠10 January: US unemployment rate. It is projected to stay at last month's level of 4.2%. If it's at or below that, the news will be positive. 🟠14 January: US - Producer Price Index Last week's report showed 0.4% instead of the expected 0.2%. Immediately after the release, markets, including the cryptocurrency market, sagged. 🟠15 January: US - CPI Last week's report matched expectations at 2.7%. Now everyone is expecting it to be no higher than those numbers, and if that happens - expect growth.

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New Crypto Senator While the entire news backdrop has been filled with FUD, the White House is introducing new feminist positions to oversee crypto. ➡️US Senate committee has approved the nomination of Senator Cynthia Lummis to head the Digital Assets Subcommittee. Most interestingly, this subcommittee did not exist before and Lummis will be its first head. 🟠Cynthia Lummis began her career back in 1979 and in 2020 became the first female senator from Wyoming. She was one of the first influential supporters of cryptocurrencies in the US Congress. 🟠She will now focus on, develop and oversee digital assets, including cryptocurrencies and blockchain.

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📈 Predictions for 2025 from funds Friends, we have prepared for you a breakdown of expectations for the crypto market for 2025 from funds. We have broken down the forecasts from the following funds: Bitwise, VanEck, Grayscale, Blockworks, a16z, Blockware. Overall market expectations: 🟢Average expected BTC price: $185,000; 🟢Average expected price of ETH: $5,750; 🟢Average expected price of SOL: $500; 🟢TVL DeFi will reach $200bn; 🟢Stablecoin capitalisation: $400 billion. Market Forecasts: 🟠Enhancing altcoin ETFs; 🟠Growth in the number of countries with BTC in reserves; 🟠Passage of legislation on stablecoins in the US; 🟠The emergence of regulated DeFi for institutionalisers; 🟠More than 1 million active AI agents; 🟠Major banks will launch cryptocustodial services; 🟠L2 will surpass L1 in transaction volume; 🟠Development of AI social networks on blockchain. 👇 Do you agree with the funds' view?

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One of the most important events of the past year was undoubtedly the introduction of new crypto market regulation rules in the EU. MiCA, or the Markets in Cryptoassets Regulation, caused USDT to be delisted from exchanges in the European Union. Despite my concerns, the market has not been particularly affected by this so far. It is also quite possible that USDT will manage to get out of this situation and get its stablecoin back in the game. Regarding the regulations themselves, I will, as always, be the devil's advocate and oppose any tightening by the government. But there are those who believe that MiCA will only benefit the industry. According to Dmitry Radin, founder of Zekret and CTO of Fideum (a blockchain infrastructure and regulation company), MiCA will help attract more investment and users.

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I almost burned to death on the inside 🥵

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Bitcoin could be a bargain at 80K if its price continues to correlate with the stock market. This is the conclusion reached by Bravo Research. In its latest macro report dated 31 December, titled "Will Bitcoin's collapse begin in 2025?" Bravo warned that BTC's "parabolic" growth could slow down in early 2025. Record outflows from the largest U.S. Bitcoin ETF, weak stock market performance and Fed policy tightening have cooled investor optimism. Bitcoin ETFs now hold 1.15 million BTC and continue to buy about 3,000 bitcoins daily. At this pace, bitcoin could rise another 50 per cent in 50 days. However, even a slight slowdown in buying through ETFs could trigger a decline. Analysts calculated. Even if flows into ETFs become positive again, this does not guarantee a rise in the price of BTC. For example, in March 2024, the price of bitcoin fell by 30 per cent, even though ETFs continued to buy. Bravos added. Do you think we are in for such a deep correction?

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The end of the year is near, everyone is tallying up the results, and for the most part, they're pretty rosy for the crypto world. Despite the recent bitcoin pullback, the industry as a whole looks better than ever and ready for the challenges of the year 2025.

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Fastest growing game on farcaster Farcade AI is an onchain game on Farcaster, which was launched on the 21st of December and has amassed over 100k users in 3 days. The game itself is a collection of various mini-games. https://t.me/the_farcade_bot?start=5eRn7MsjkN

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