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Howdy, Crypto Champs!

You’re reading the Hodl Report, where the air feels lighter, the markets feel brighter, and an SEC-free crypto future is the cherry on top. Buh-bye, Gary! 👋

In this issue:

• Market review - Why are things still exciting? 🌎

• Crypto risks -  What to watch out for. 😬

• Key news - The week’s must-know headlines. 📰

• Solana trade - Where are things heading? 🌶️

• Memes - Because what’s crypto without culture? 😂

Guess what?

Bitcoin hit another All-Time High.

Just like we predicted in our brand-new Tuesday Trading email.

Did you catch it? If not, you missed a big one.

Our first issue nailed the BTC ATH prediction on the day and then again the next day and again the day after. As of the time of this writing, the BTC ATH sits at $99,160.

We also spotlighted two key coins that we believe will outperform the top 25 this cycle. Don’t miss out - read this week’s Tuesday Trading email here and mark your calendar for every Tuesday. 

Crypto moves fast, and this bull market is not waiting for anyone, that’s why we started a second weekly email.

Speaking of reliable patterns: Bitcoin printing ATHs and Michael Saylor buying more Bitcoin are basically the Batman and Robin of this bull market - the unstoppable dynamic duo. 🦇

This week, we saw multiple new ATHs, and we’re knocking on the door of $100K. Once we smash through that round-number psychological barrier, it’s off to the races with big swings ahead. Oh, and the total crypto market cap also printed a new ATH, because why not?

So, what’s fueling all this bullish momentum? Let’s dive in. 👇

Big Players, Bigger Moves

This week brought some heavyweight developments:

Michael Saylor Keeps Buying

MicroStrategy bought a lot more Bitcoin (shocking, we know 🙄), and Saylor is now pitching the idea of Bitcoin adoption to Microsoft’s board next month. Is this the start of corporate America stacking sats? We’ll keep you posted.

Gary Gensler’s Resignation

The SEC Chair’s announcement to step down in January sent the crypto world into celebration mode. Fewer regulatory hurdles mean more freedom for Bitcoin to soar.

Bitcoin as a Reserve Asset

From Poland’s presidential candidate proposing a national Bitcoin reserve to Binance’s CZ predicting that nations will start stacking sats, Bitcoin’s meme as a global reserve currency is spreading like wildfire. The odds of a U.S. Bitcoin strategic reserve increased this week with Trump’s pro-crypto nominee appointments. Even state governments are considering hodling BTC as a store of value.

And the biggest crypto market development medal this week goes to…

Bitcoin Options Launched: Wall Street’s New Favorite Tool 🏦🔥

BlackRock’s Bitcoin options ETF launched with a jaw-dropping $1.9 billion in first-day trading volume. Why does this matter? Options are the gateway for institutional investors, offering tools for hedging, risk management, and income generation.

Wall Street is bullish - calls outpaced puts 4:1, signaling massive confidence in Bitcoin’s future price. Options also bring fresh capital and create explosive price dynamics, like short squeezes that could send BTC soaring past $110K+ in a flash.

This launch cements Bitcoin as a fully-fledged asset class - and we’re just getting started. 🚀

Crypto Market Risks To Watch ⚠️

Even in a bull market, it’s smart to keep an eye on potential risks. Here’s some possibilities that could shake things up:

1. War Escalation: Russia-Ukraine and Israel war tensions could escalate, causing a flight typically from money to gold, not Bitcoin (yet).

   Risk: 5/10

2. Rate Hikes: If inflation reignites and interest rates climb, expect a rough ride for crypto.

   Risk: 6/10

3. Tether Transparency: The stablecoin giant’s backing is still unclear, but for now, the market seems unfazed.

   Risk: 4/10

4. Satoshi’s Stash: If Bitcoin’s creator moves their 1.1M BTC ($100B+), the market could panic. But after years of silence, we’re betting those coins are locked forever.

   Risk: 3/10

5. FTX 2.0?: Remember FTX? Or Terra/Luna’s unsustainable 20%+ interest rates? The fallout took years to rebuild trust. While we don’t have any names yet for this cycle, it’s early. History has taught us to watch out for too-good-to-be-true promises.

   Risk: 5/10

Most of these risks seem priced in already, but crypto thrives on surprises and volatility.

Let’s not forget the blowups from the last bull market that sent us sliding straight into the crypto winter we’ve only just thawed out of.

Stay vigilant, stay Hodling. 🙌 🚀

1. Gary Gensler Announces Departure from SEC: Gary Gensler has confirmed his resignation as SEC Chair, set for January 20, 2025. This move could signal changes in the SEC's approach to crypto regulation.

2. Trump to Meet Privately with Coinbase CEO Brian Armstrong: President-elect Donald Trump is scheduled for a private meeting with Coinbase CEO Brian Armstrong to discuss the future of cryptocurrency regulation. This engagement could influence the administration's approach to the crypto industry.

3. Bitcoin ETF Options Trading Commences: Options trading for Bitcoin ETFs has begun, offering investors additional tools for hedging and speculation. This marks a significant milestone in the maturation of cryptocurrency financial products.

4. Solana Partners with Stablecoin Infrastructure Provider: Solana has collaborated with a stablecoin infrastructure provider to enhance its ecosystem's stability and scalability. This partnership seeks to bolster Solana's position in the decentralized finance space.

5. FTX Co-Founder Sentenced to Time Served: A co-founder of FTX has been sentenced to time served, following cooperation with authorities in the investigation of the exchange's collapse. This outcome reflects the complexities of legal proceedings in the crypto industry.

6. Binance and Coinbase Generate Significant Revenue from Solana Transactions: Major exchanges Binance and Coinbase are earning substantial revenue from Solana transaction fees, highlighting the blockchain's growing activity. This trend underscores Solana's increasing prominence in the crypto market.

7. Sui Network Experiences Major Outage: The Sui blockchain network faced a significant outage, disrupting transactions and raising concerns about its reliability. Developers are investigating the cause to prevent future incidents.

8. Crypto Industry Seeks Influence in Trump's Proposed Council: Following President-elect Donald Trump's announcement of a forthcoming council to shape cryptocurrency policy, industry leaders are vying for positions to influence the regulatory framework. This move signals a potential shift towards more structured oversight in the crypto sector.

9. Companies Increasingly Hold Bitcoin as Reserve Asset: A growing number of corporations are adopting Bitcoin as a reserve asset, diversifying their treasuries amid economic uncertainties. This trend underscores Bitcoin's emerging role in corporate finance strategies.

Hodl Report Portfolio

Deep Dive on Solana - Memecoin Mania Hype

Solana is stealing the spotlight with record-breaking achievements:

• New All-Time Highs (ATH): Both in price and market capitalization, Solana is setting new records.

• Skyrocketing Activity: Daily volumes are soaring, with decentralized exchange (DEX) trading volumes surpassing those of Ethereum and its Layer-2 solutions combined.

• Meme Coin Explosion: The network is buzzing with meme coin launches, with platforms like pump.fun experiencing record-setting usage, volumes and fees.

The Meme Coin Narrative

Memecoins are officially the star of this cycle, and Solana is the ultimate stage for the show - tens of thousands of tokens are launching daily. Six of them have already hit $1 billion+ market caps, including BONK, WIF, POPCAT, MEW, PNUT, and GOAT. 🎭🚀

Cautionary Notes on Memecoins

While the excitement is palpable and the talk of Memecoins is all over social media (especially for the younger generations on Tik Tok), it’s imperative to understand that:

Buying Memecoins is a gamble, not an investment.

Memecoins are:

• Wildly volatile 🎢

• A playground for scammers and rug pulls 🕵️‍♂️

• Popping up faster than you can say “to the moon” 🌙

Mainstream Adoption Indicators

The meme coin craze isn't confined to the crypto community:

• Google Trends: Searches for "memecoin" have reached an all-time high.

• Phantom Wallet Popularity: The Solana Phantom wallet app has climbed to the 15th spot among free utility apps in the US Apple App Store, reflecting growing user interest

Beware Solana Vesting Unlocks

Solana’s inflation rate is cruising at just under 5% per year, but that’s not the only supply pressure to watch.

FTX still owns a massive stash of SOL, with 600,000 SOL unlocking every month like clockwork.

And then there’s the big one: a huge, one-time vesting unlock of 7 million SOL in March 2025 that could shake up Solana’s price with some serious volatility.

For now, Solana stays in our portfolio, but we’re keeping a close eye on the memecoin madness and all the buzz as we inch closer to that March 2025 vesting unlock date

Big thanks for making it to the end of this week’s Hodl Report! 👊

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Happy Friday!

Disclaimer: The content from Hodl Report should not be taken as trading, investment or financial advice or solicitation to buy or sell any assets. This newsletter is for informational and educational purposes only. Please be careful out there and DYOR (do your own research).