Global Economic Updates
Central Banks Slash Rates at Historic Speed
Weekly Highlights: Over the last three months, 62 central bank rate cuts were reported globally, marking the fastest pace since the peak of the 2020 pandemic. Economists suggest this may lead to a “soft landing” amid fears of a global recession in 2025. Comparatively, during the 2009 financial crisis, 76 cuts were executed globally. Will 2025 bring smoother waters or new challenges? Only time will tell.
Source | X @kobeissiletter
Cryptocurrency Takes Center Stage
Bitcoin Dominates Headlines
- MicroStrategy’s Bold Move
MicroStrategy made waves by purchasing an additional 21,550 Bitcoins worth $2.1 billion. With 423,650 Bitcoins under their belt, the company now owns 2.01% of all available Bitcoin supply, further asserting its dominance in the cryptocurrency market.
Source | Microstrategy X
- Treasury and Strategic Bitcoin Reserves
The U.S. Treasury announced plans to invest $76 billion in Bitcoin over five years, aiming to position it as a long-term hedge against inflation and economic uncertainty. This decision underscores the growing recognition of Bitcoin as a strategic financial asset. - Bitcoin Liquidity Hits Record Low
Bitcoin’s supply on exchanges fell to its lowest levels, signaling strong confidence in holding rather than selling. Market analysts are left pondering—could this point to an impending price surge? - JP Morgan Sees Bright Future for Bitcoin Miners
JP Morgan raised its outlook for Bitcoin mining stocks, including $MARA, $CLSK, $RIOT, and $IREN, indicating optimism in the sector’s future growth and profitability.
Altcoins and the Crypto Ecosystem
- Altcoin Market Hits $425 Billion
The market cap for altcoins exceeded $425 billion for the first time since November, sparking speculation about the arrival of a new altcoin season. - Chainlink Expands Partnerships
Chainlink continues to grow, integrating with major platforms like Coinbase’s Project Diamond. This collaboration aims to revolutionize tokenized asset management and strengthen decentralized finance (DeFi) adoption.
Source | Coinbase
- Solana Steals Ethereum’s Developer Spotlight
Solana $SOL emerged as the top blockchain ecosystem for new developers in 2024, breaking Ethereum’s 8-year streak. However, Ethereum remains the leader in overall developer activity. - Floki Launches Crypto Debit Card
$FLOKI introduced its debit card, now available in 31 European countries, allowing users to load it with cryptocurrencies like Bitcoin and Ethereum. This move highlights the increasing integration of digital currencies into daily life.
Source | Floki Website
Corporate Moves and Strategic Shifts
- Microsoft Votes Down Bitcoin Proposal
Microsoft shareholders rejected a proposal to invest in Bitcoin, showcasing a divide in corporate attitudes toward cryptocurrency adoption. - Ripple Gets NYDFS Approval
Ripple $XRP received the green light from New York regulators for its RLUSD stablecoin. The company plans to expand trading and listing partnerships soon. - Grayscale’s Chainlink Trust
Grayscale launched a Chainlink Trust, allowing accredited investors to gain exposure to Chainlink $LINK without directly holding the asset. This product simplifies institutional access to the blockchain ecosystem.
Source | Grayscale
Political Interest in Crypto
Trump’s Growing Crypto Influence
- Trump’s World Liberty Financial Makes Big Buys
Trump’s DEFI just bought 2631 Ethereum, as well as substantial purchases of Chainlink and Aave tokens. Could this signify broader political adoption of crypto assets?
Source | Altcoin Daily Youtube
- Aave Launches with Presidential Backing
$AAVE announced a strategic launch on World Liberty Financial, supported directly by former President Trump. This initiative aims to leverage advanced decentralized finance solutions, further blurring the lines between politics and blockchain innovation.
Source | CryptoSlate
International Developments
- South Korea Delays Crypto Tax Again
South Korea extended its digital asset tax implementation to 2027, giving the government more time to regulate the market and encourage crypto investments.
Source | Upbit
- Japanese Politicians Eye Bitcoin Reserves
A Japanese politician sparked a debate about Japan following the U.S. in adopting Bitcoin reserves, signaling rising interest in the digital asset’s strategic potential. - Emirates NBD Joins Forces with Chainlink
The UAE’s Emirates NBD partnered with Chainlink to integrate digital assets into the Middle East and North Africa region. This initiative emphasizes verified data and cross-chain interoperability to foster adoption.
Source | Emirates NBD
Market Perspectives and Influencer Takes
Ray Dalio Advocates for Bitcoin
Famed investor Ray Dalio recommended avoiding debt-heavy assets like bonds and focusing on “hard assets” like Bitcoin and gold. His advice reinforces the growing sentiment among major investors to turn toward inflation-resistant assets.
Source | Bitcoin.com
Crypto’s Big Numbers
Bitcoin attracted $80 billion in monthly capital inflows this year alone, nearly half the total market capitalization added in the last 15 years. This underscores the accelerating pace of adoption and investment in digital currencies.
Source | CryptoQuant
Closing Thoughts
From central bank policies to billion-dollar Bitcoin buys, this week showcased the accelerating adoption of digital assets, shifting political strategies, and evolving market opportunities. Cryptocurrencies are no longer just digital curiosities—they’re shaping the global financial and political landscape.
This is not financial advice! Always do your own research (DYOR). For more insights and to DYOR, visit blog.millionero.com. When you’re ready, you can trade spot and futures on Millionero. Let’s gear up for another exciting week in crypto and beyond! Stay tuned for more updates!