Daily Crypto NewsEDITION #1120, 19 December

Bitcoin Sneezed – Bless You, Bitcoin

Today, in 1997, the movie Titanic was released. Spoiler: it sank. Let’s do everything we can to keep our portfolios afloat.

Now, let’s get straight to the important stuff — we value your time, and time is Moni.

What’s Up?

Bitcoin sneezed and dipped below 100K, sparking panic among investors.

Our team discussed this: yes, the market might drop ahead of the holiday season or around Trump’s inauguration (before, after, or even during).

Holiday Effect: People need cash for gifts.

"Sell the News": A well-known market reaction when an expected event triggers sell-offs.

Stay calm — the trend remains intact.

Meanwhile... Bitwise is prophesied to be $200k per bitcoin. :) 

Other Important Updates:

- Ethena Partners with WLFI (Trump’s Project) The USDe stablecoin from Ethena will be used in WLFI’s AAVE vault.

Ethena + Usual Partnership. Usual will launch an sUSDe vault for USD0++ holders, allowing them to earn rewards from Ethena.

- Sophon Mainnet Launched

- Fuel will drop updates today.

- Kelp DAO released the tokenomics for KERNEL, with token distribution set for early 2025.

- The Fed finally lowered interest rates yesterday, as expected.