Uğur KARAKUŞ

Bakkt, a subsidiary of ICE, is set to broaden its bitcoin custody service, as they have recently gained approval from New York's financial regulator. This move signifies their commitment to expanding beyond their existing client base in futures trading, demonstrating their aim to cater to a wider range of bitcoin holders.

Bakkt Expands Bitcoin Custody Service Beyond Futures Trading Clients The ICE subsidiary plans to open up its bitcoin "warehouse" following approval from New York's financial watchdog.

Brian Haney, a once notorious narcotics trafficker, has humbly accepted responsibility by pleading guilty to the immense wrongdoing of laundering a staggering $19 million through the anonymity of Bitcoin on Silk Road. His admission highlights the potential dangers and illicit activities facilitated by the dark web, urging us to remain vigilant in combating such crimes and ensuring the integrity of our online platforms.

Silk Road Seller Pleads Guilty to Money Laundering $19 Million With Bitcoin Brian Haney, a former narcotics trafficker, pled guilty to charges that he laundered $19 million in bitcoin on Silk Road.

@sashae1 The two technology developers are seeking justice for workplace harassment through litigation instead of arbitration in their lawsuit against the Tron Foundation.

Tron Arbitration Challenged in Hostile Work Environment Lawsuit Two technology developers are trying to keep their workplace harassment lawsuit against the Tron Foundation in court rather than arbitration.

Russian regulators have announced plans to draft legislation that would enable them to seize cryptocurrency assets acquired through criminal activities. This move signifies the government's commitment to combat cybercrime and ensure that those who engage in unlawful activities are held accountable. By having the ability to confiscate illegally obtained Bitcoin and other crypto assets, Russia aims to strengthen its legal framework and deter potential cybercriminals from using digital currencies in illicit activities.

Russia Wants to Be Able to Seize Cybercriminals' Bitcoin Russian regulators will begin developing proposals for legislation allowing confiscation of crypto assets seized in crime investigations.

Worldcoin (WLD) has gained by 10% following its debut in Singapore, contributing to its positive momentum in recent weeks. Despite experiencing a slight decrease from its all-time high of $4.6, Worldcoin's current trading at $3.35 suggests that it may be preparing for a bullish breakout. The steady rise in buying pressure from investors in the WLD market, as indicated by a 9.68% increase in the last seven days, further supports this notion. Additionally, the number of WLD whales, those holding between 10,000 to 100,000 WLD, has risen by 16.33% after the announcement of its expansion into Singapore. #CryptoNews

Avalanche Foundation, the non-profit behind Avalanche AVAXUSD, announced their decision to invest in meme coins. Emin Gün Sirer, co-founder of Ava Labs, supports this move, comparing those who dismiss meme coins to those who rejected cultural and tech trends in the past. He acknowledges that it took him some time to appreciate their value but understands their cultural significance. He emphasizes that Avalanche has institutional activity, allowing them the luxury to invest in meme coins. However, he warns of the risks associated with investing in meme coins as their prices are driven by narratives, not fundamentals. Avalanche AVAXUSD's announcement led to an increase in the price of AVAX. The recent surge in meme coins like Coq Inu, Husky Avax, and Shibavax is a result of Avalanche Foundation's decision.

Avalanche (AVAX) Co-Founder Speaks in Favor of Meme Coins Yesterday, Dec. 29, 2023, Avalanche Foundation, a non-profit behind the ecosystem of Avalanche 📷AVAXUSD high-performance L1, announced the decision to add some meme coins to its portfolio. Emin Gün Sirer addressed the concerns and criticism of skeptics. Avalanche Foundation buying meme coins is luxury, Emin Gün Sirer says The people trying to fade meme coins can be compared to those who ignored or criticized prominent cultural and tech trends of the past: pop music, street art, rap and so on. As such, Avalanche Foundation's decision to enter the meme coin segment is something he applauds, Ava Labs' co-founder Emin Gün Sirer shared on X (formerly Twitter). The people trying to fade memecoins are the same kind of people who were fading pop music in the 60s, calling Banksy a vandal in the 80s, and shittalking rap in the 90s.— Emin Gün Sirer🔺 (@el33th4xor) December 29, 2023 The Avalanche 📷AVAXUSD ecosystem has too much institutional activity so that the Foundation can afford the luxury to invest part of its funds to some meme coins, the Ava Labs co-founder stressed. At the same time, he admitted that it took a while for him to understand the value of meme coins personally. He did not support Elon Musk semi-ironically supporting Dogecoin 📷DOGEUSD in Q1, 2021. But then, he understood the cultural context and significance of the meme coin frenzy and its effects on the scene: Coins people like do not necessarily need road maps and ambitious scalability promises. For better understanding, Emin Gün Sirer compared purchasing meme coins to owning Balenciaga luxury wear: Do I own any Balenciaga apparel? No. Does Balenciaga keep you warmer than other clothing? No. But does Balenciaga keep the "clothing space" back? Also no. It serves its specific audience very well. Its existence as a clothing brand is a net positive Following yesterday's announcement, the price of AVAX, the core native cryptocurrency of the Avalanche blockchain, jumped from $39 to over $42. "Meme coins are valuable only as long as they are fun": Major warning by industry vet At the same time, the Avalanche 📷AVAXUSD key figurehead reiterated all risks of investing in meme coins. Besides increased volatility, their prices are only affected by narratives, not by fundamentals. Once this or that meme coin's narrative loses its "fun," it becomes irrelevant, so, all traders and investors should be super cautious. Triggered by Avalanche Foundation's eccentric step, a number of meme coins on the Avalanche 📷AVAXUSD blockchain jumped in the recent days. Coq Inu (COQ), Husky Avax (HUSKY) and Shibavax (SHIBX) prices witnessed double- and even triple-digit upsurges. #CryptoNews

The surge in crypto options trading volume, reaching a record high of $11 billion, indicates the growing interest of institutional investors in the crypto market. Despite the expiration of options contracts, Bitcoin has maintained a strong support floor, while Ethereum experienced a decline. The focus now shifts to the impending decision on Bitcoin ETFs, which has attracted traditional asset managers to allocate a small percentage of their portfolios to cryptocurrencies. The derivatives market reflects the evolving landscape of digital assets and its integration with traditional financial systems, shaping the future trajectory of the crypto market.

Bitcoin (BTC) has shown significant gains in 2023, scoring a 156% increase after experiencing a 64.4% depreciation in 2022. The recent high around the 45000 level tested the upside price objective at 45278.22, which is linked to historical advances. Moving forward, there are several upside price objectives at 46105, 46487, and 49161 levels. On the downside, there are risks with price objectives around the 40185 and 38773 areas. Traders are observing bullish indications from the 50-bar MA (4-hourly) and bearish indications from the 50-bar MA (hourly). Technical support and potential buying pressure can be found at the 38998, 38028, 37321, and 35285 levels. The 4-hourly chart shows bullish signals from SlowK and MACD, while the 60-minute chart also shows bullish indications. It's important to note that this analysis is provided by a third party and should not be taken as legal, tax, investment, or financial advice.

Bitcoin (BTC) Price Analysis: Bitcoin Scores 156%+ Gain in 2023 – 1 January 2024 Bitcoin (BTC) Price Analysis: Bitcoin Scores 156%+ Gain in 2023 – 1 January 2024 Bitcoin (BTC/USD) retained most of its recent advances early in the Asian session as the pair continued to orbit the 42230 level, representing the 50% retracement of the depreciating range from the 45000 figure to the 40150 level. Following a 64.4% depreciation in 2022, BTC/USD scored a 156.3% gain in 2023 that was cemented by a 11.3% gain in December and a 57.5% expansion in the fourth quarter. The recent relative high around the 45000 figure represented a test of the 45278.22 level, an upside price objective linked to historical upside advances around the 3858 area. Above the market, upside price objectives include the 46105, 46487, and 49161 levels, above which Stops are cited. Below the market, downside risks persist with additional downside price objectives around the 40185 and 38773 areas. Downside price objectives related to recent selling pressure around the 43657 and 43207 levels include the 42358, 42052, and 41556 areas, while downside price objectives linked to the 43830 area include the 42375, 42032, 41607, and 40920 areas. Areas of technical support and potential buying pressure include the 38998, 38028, 37321, and 35285 levels. Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly). Price activity is nearest the 50-bar MA (4-hourly) at 42940.59 and the 100-bar MA (Hourly) 42578.27. Technical Support is expected around 37392.45/ 36720.55/ 35633.00 with Stops expected below. Technical Resistance is expected around 46487.10/ 47108.16/ 48240.00 with Stops expected above. On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage. On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage. Sally Ho’s Technical AnalysisView Yesterday’s Trading Analysis Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice. #CryptoNews

According to data from Greekslive, traders have already factored in the Securities and Exchange Commission's decision on the Bitcoin ETF, dampening expectations of a significant price surge. Despite speculation that the ETF could be approved as early as January 2, 2024, there has been surprisingly low market activity in response to the news, suggesting that investors may have already priced in the potential authorization. This development, though pivotal for the crypto market, does not seem to have sparked immediate excitement among traders.

Data Shows Traders Already Priced In SEC Decision on Bitcoin ETF Crypto options market trading platform Greekslive has poured cold water on expectations of a significant price surge that could follow the U.S. regulator’s permission of a Bitcoin spot exchange-traded fund (ETF). In a recent tweet, Greekslive reported on speculation circulating in the market regarding the U.S. SEC’s potential authorization of the Bitcoin spot ETF application. According to the tweet, there is anticipation that the regulator could greenlight the ETF as early as next Tuesday, January 2, 2024. Such development is expected to be pivotal for the crypto market, as it would allow investors to trade Bitcoin-backed ETFs on regulated exchanges. However, the tweet highlighted the surprisingly low market activity in response to the news. #CryptoNews

Hashdex recently released an ad spot on X (formerly Twitter), featuring an interview from the 1980s where a man criticizes the use of home computers for everyday tasks, highlighting the skepticism towards technology at that time. This ad spot aligns with other asset managers, including Bitwise, who have also launched media campaigns to create excitement around potential approvals for BTC exchange-traded products. The aim is to capture public interest and anticipation as the possibility of a Bitcoin ETF approval looms.

Hashdex drops new ad spot ahead of potential spot Bitcoin ETF approval In a Dec. 28 post on X (formerly Twitter), Hashdex released an ad spot showing an interview in which the subject criticized using home computers to do everyday tasks. The interview, purportedly taking place in the 1980s amid the rise in the adoption of the personal computer, showed a man dismissing the usefulness of the technology. In addition to Hashdex, asset managers with pending BTC exchange-traded product applications in the SEC have released similar ad spots — presumably to whet the public’s appetite ahead of potential approvals. Bitwise unveiled its own media campaign in December, onboarding actor Jonathan Goldsmith to revive his “Most Interesting Man in the World” character to promote Bitcoin. #Bitcoin

ZachXBT recently accused Gamegear dev 'scaredofboobs' of being a scammer in the NFT Machine community. According to reports, NFT Machine, once a prominent decentralized marketplace project on X, was shut down for violating platform rules. It was further revealed that Tyler Gaye, an American citizen from Denver, managed the account. A LocalToday news report revealed that Gaye, also known as NFT Machine, was sued by investors for allegedly running a fraudulent scheme. Instead of using the raised funds to create the promised NFT marketplace, he supposedly spent it on his personal collection, including items from the MoonCats collection. The incident serves as a reminder to exercise caution in the crypto space.

The crypto analyst JD warns that those who dismiss the recent surge in XRP prices as insignificant may be missing out on a potentially lucrative opportunity. Drawing parallels to past trends, JD emphasizes that cryptocurrencies often exhibit repetitive patterns in their price action. In particular, he compares the current price pattern of XRP to the breakthrough it experienced in 2017, after enduring a prolonged period of stagnation from 2013 to 2017. During this time, XRP underperformed compared to other cryptocurrencies, leading some traders to express dissatisfaction and exit the market. However, those who remained witnessed a remarkable 600-fold increase in XRP's price once it broke out of its four-year consolidation trendline. Consequently, XRP reached an all-time high of $3.84 in January 2018. Hence, JD cautions against underestimating the potential gains that may lie ahead for XRP, as history has shown the digital asset's ability to defy expectations and deliver significant returns. #CryptoNews

XRP Price Surge: ‘Dumb Money’ Will Miss Out, Analyst Cautions Analyst JD Draws Parallels To Past XRP Trends Despite the volatile nature of the crypto market, most cryptocurrencies are known to repeat or mirror past phenomena in their price action. As a result, it is very common for crypto analysts to look at the past and assess current trends when trying to predict the future movement of cryptocurrencies. The expert compared the present price pattern to 2017, which was the year that XRP finally broke its boring price action that lasted from 2013 to 2017. A look through this cycle shows XRP underperforming when compared to other cryptocurrencies. As a result, the ‘dumb money’ traders complained and bolted, causing them to miss the astounding gain that came after. However, XRP would then go on a 600x price gain after breaking out of the 4-year consolidation trendline. As a result, the crypto reached as high as $3.84 in January 2018, its current all-time high. #CryptoNews

Yeou Jie Goh, former head of portfolio growth at DeFiance Capital, has announced his departure from the crypto investment firm. Goh will be joining Chromia, a blockchain project, as the head of the Asia Pacific region. Goh's resignation comes after over two years of service at DeFiance. Arthur Cheong, the executive in charge of DeFiance Capital, confirmed Goh's departure, stating that he will be pursuing opportunities in project building, leveraging his experience working with their portfolio companies. Or Perelman, co-founder of Chromia, also expressed excitement for Goh's appointment and believes his expertise will contribute to the continued success of Chromia as they gear up for their mainnet launch in the coming year. #CryptoNews

DeFiance Capital exec departs to join blockchain project Chromia Arthur Cheong-led crypto investment firm DeFiance Capital is losing its head of portfolio growth, Yeou Jie Goh. Goh resigned from DeFiance last week and is set to join the blockchain project Chromia as its head of the Asia Pacific region next month, Goh told The Block. He worked for DeFiance for over two years. Cheong confirmed Goh's departure to The Block, saying that he is leaving "to pursue opportunities in the project building side, something he's interested in given his experience working with our portfolio companies." Chromia co-founder Or Perelman also confirmed Goh's appointment, saying that his "experience and industry acumen" will help position Chromia for "continued success" as it prepares for the mainnet launch next year. #CryptoNews

@CrzyBd Lindsey Tabon True friends are there for you in good times and bad.

@BurceBieber Willard Pulera Bitcoin's total supply is capped at 21 million coins.

Stock markets provide a platform for buying and selling shares.

@mody2lgamed Lavern Jubeh A friend's laughter is infectious.

Cryptocurrencies are often used for online purchases and digital services.

@eagleking78 Deloise Passi It allows you to build a financial legacy and leave a lasting impact.

@ShouldHaveCat @Cokbasar Charley Mar Cryptocurrency projects often publish whitepapers outlining their goals.

@OlVango Annamarie Mishoe It's a way to enjoy a comfortable retirement lifestyle.

Friendship is a bridge between hearts.

@SHANIECECALVIN Leo Greaves Money can be a tool for setting and achieving financial objectives and dreams.

Bear markets see declining stock prices.