Daily Crypto NewsEDITION #1101, 27 November

Airdrop has arrived

Today, in 1971, humanity first reached Mars with the help of a spacecraft.

Elon Musk promises to colonize Mars soon. We just need to make a decent amount of money so we can fly with him and enjoy life up there, right?

Now, a quick update on important matters. We value your time, and time equals money.

What’s up?

Here's the market update: Bitcoin has been correcting in the last few days:

$98,573 -> $94,149 -> $93,297

This is normal. Investors were expecting a $100k breakout, but when it didn’t happen, they started locking in profits. Also, many might be taking profits because they had mentally set a target in the range of $95k-$99k.

Also, everyone’s talking about WalletConnect opening the airdrop claim via a link. You can stake it now.

The drop depended on the following factors:

🍔 Interaction through WalletConnect and a QR code

🍔 On-chain activity needed to be active (sorry for the tautology)

🍔 Also, it considered how much a person supported projects on GitHub, and so on.

Also, some important news:

- The Tornado Cash community won the lawsuit against the sanctioning of the project's smart contracts. The sanctions have been declared illegal.

In light of this, the TORN token hit new highs and broke its all-time high at $34.98.

FREE ALEXEI PERTSEV!

- The TON Foundation is developing TON Teleport BTC, integrating Bitcoin into TON.

Overall, it’s good news—but we think the team really needs to focus on boosting the meme pad Blum and projects. Sure, integrating Bitcoin into TON might attract some users who want additional yield from BTC, but it won’t make much of a difference for TON.

On the other hand, projects like DARK, BOLGUR, and DUREV, which have shown significant gains—those will make a difference. We need more of those.

- The board of directors at Rumble has approved Bitcoin for their treasury. Essentially, the company will be putting funds into Bitcoin.

In case you didn’t know, Rumble is a video platform where celebrities went after getting banned from Twitter (before Musk took over), YouTube, and others. For example, Andrew Tate streamed there, along with many others.

- Let us wrap up this digest with the news that Trump is considering the CFTC as the main regulatory body for crypto, instead of the SEC.

Overall, it sounds revolutionary. The SEC, which everyone is tired of, has become hard to cleanse of the mess created by old man Gensler in the eyes of investors. It’s better for the image to transfer powers to someone who hasn’t gotten so dirty yet.

For example, we could replace the CEO at FTX, but that wouldn’t make FTX any less of FTX in our eyes.

Same here.

Plus! It’s likely that a huge number of Gensler's “pigeons” (his loyal supporters) are sitting in the SEC, so it will be difficult to fight them individually. It’s easier to just wipe the slate clean.