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#"Jim Cramer Says 'Buy Fear, Not Sell It,' Crypto Community Reacts"
U.Today - Financial commentator and Mad Money host Jim Cramer has published a tweet about the U.S. government shutdown that is more than likely to happen this Saturday.
It is expected to be caused by the newly elected U.S. president disapproving the funding bill for the year 2025, which includes pay rises and multiple benefits for congressmen from the Democratic party. Tech magnate and head of D.O.G.E. Elon Musk also paid attention to that bill, speaking against it on X.
Jim Cramer says "buy fear, not sell it"
The president insists that Congress pass the bill without the aforementioned extra expenses and salary rises, but which would allow the government to increase the national debt limit for the time being. If this bill is not passed, then the government will face a temporary shutdown this week.
Jim Cramer tweeted that he had studied every governmental shutdown “since the time of Bill Clinton” regarding the way to react best to it investment-wise. Therefore, Cramer said, “You always had to BUY the fear not sell it.”
Crypto community responds to Cramer's call
The crypto community responded to Jim Cramer’s tweet with a wave of comments as it frequently does, especially when Cramer talks about Bitcoin. It has been noted that in 90% of cases, the market reacts to the Mad Money host’s tweets, moving totally the other way round. Therefore, when Cramer predicts the market or certain assets, including Bitcoin, to fall, everything goes up, and vice versa.
Now that Cramer has tweeted about “buying the fear” and not selling it, many commentators, including cryptocurrency fans, began tweeting that it is definitely worth selling, not buying.
U.Today - Financial commentator and Mad Money host Jim Cramer has published a tweet about the U.S. government shutdown that is more than likely to happen this Saturday.
It is expected to be caused by the newly elected U.S. president disapproving the funding bill for the year 2025, which includes pay rises and multiple benefits for congressmen from the Democratic party. Tech magnate and head of D.O.G.E. Elon Musk also paid attention to that bill, speaking against it on X.
Jim Cramer says "buy fear, not sell it"
The president insists that Congress pass the bill without the aforementioned extra expenses and salary rises, but which would allow the government to increase the national debt limit for the time being. If this bill is not passed, then the government will face a temporary shutdown this week.
Jim Cramer tweeted that he had studied every governmental shutdown “since the time of Bill Clinton” regarding the way to react best to it investment-wise. Therefore, Cramer said, “You always had to BUY the fear not sell it.”
Crypto community responds to Cramer's call
The crypto community responded to Jim Cramer’s tweet with a wave of comments as it frequently does, especially when Cramer talks about Bitcoin. It has been noted that in 90% of cases, the market reacts to the Mad Money host’s tweets, moving totally the other way round. Therefore, when Cramer predicts the market or certain assets, including Bitcoin, to fall, everything goes up, and vice versa.
Now that Cramer has tweeted about “buying the fear” and not selling it, many commentators, including cryptocurrency fans, began tweeting that it is definitely worth selling, not buying.
#A US government shutdown looms. Here’s how U.S. stocks performed during past closures - morning star - https://www.morningstar.com/news/marketwatch/20241220266/a-government-shutdown-looms-heres-how-us-stocks-performed-during-past-closures
There have been six government shutdowns since 1978 that lasted five days or more, and the S&P 500 Index SPX gained in the four most recent shutdowns. That history is shown in the table above, which comes from a Friday note by Brian Gardner, chief Washington policy strategist at Stifel.
So what does all the D.C. drama mean for investors?
One strategist, Wells Fargo Investment Institute's Paul Christopher, said his team prefers to "look through any shutdown."
"Even if a shutdown occurs, we believe there is likely to be little economic or financial-market impact," Christopher, whose title is head of global investment strategy, wrote in a note. "Any shutdown would affect discretionary spending, not Social Security or Medicare payments. Discretionary spending is a relatively small portion of total federal spending, and in our view, a short shutdown is likely to be easily recovered through catch-up payments once a new resolution is in place."
There have been six government shutdowns since 1978 that lasted five days or more, and the S&P 500 Index SPX gained in the four most recent shutdowns. That history is shown in the table above, which comes from a Friday note by Brian Gardner, chief Washington policy strategist at Stifel.
So what does all the D.C. drama mean for investors?
One strategist, Wells Fargo Investment Institute's Paul Christopher, said his team prefers to "look through any shutdown."
"Even if a shutdown occurs, we believe there is likely to be little economic or financial-market impact," Christopher, whose title is head of global investment strategy, wrote in a note. "Any shutdown would affect discretionary spending, not Social Security or Medicare payments. Discretionary spending is a relatively small portion of total federal spending, and in our view, a short shutdown is likely to be easily recovered through catch-up payments once a new resolution is in place."
#
DOGE Founder Reacts to Bitcoin, Dogecoin and Ethereum Sell-off - U.Today
Billy Markus, founder of Dogecoin (DOGE) known on social media as Shibetoshi Nakamoto, dropped a cryptic post on X. The post reflects his reaction to the rapid decline witnessed in the prices of Bitcoin (BTC), Dogecoin (DOGE) and Ethereum (ETH).
Dogecoin founder’s cryptic post amid market turmoil
Markus shared a snapshot of the price of these three assets with a short caption: "Day 3 of being happy that I quit my job."
The listed prices show a significant drop in BTC, DOGE and ETH. This reflects the huge bearish sentiment that has affected the coins. As a result of these sell-offs, Bitcoin ETFs have registered the largest outflows as the bears dominate the market.
Despite this massive decline, Markus's tone has a hint of humor, best described as sarcastic. Many consider the post to have a deeper meaning of preparing to take advantage of the decline in the price of the assets.
Markus could be preparing to buy the dip in anticipation of a price rebound, which is likely to result in profit-taking.
The Dogecoin founder’s post has elicited reactions from his followers and many users of the different coins. Some users believe the price drop is a great opportunity for investors to accumulate ahead of the next bull wave.
Bitcoin crossed the psychological price level of $100,000 for the first time and soared to over $108,200. Many investors were engaged in profit-taking, particularly early traders who purchased when BTC traded below $80,000.
Market dynamics and investors’ confidence
As of this writing, BTC is exchanging hands for $93,726.91, down 8.15% in the last 24 hours. Bitcoin’s market capitalization, which flipped $2 trillion following the bullish wave, has now crashed to $1.85 trillion. However, Bitcoin’s market volume has soared by 24.19% to $119.02 billion.
DOGE’s price crashed by 20.49% to $0.289 within 24 hours. Dogecoin’s market volume has soared by 107.95% to $13.58 billion.
DOGE Founder Reacts to Bitcoin, Dogecoin and Ethereum Sell-off - U.Today
Billy Markus, founder of Dogecoin (DOGE) known on social media as Shibetoshi Nakamoto, dropped a cryptic post on X. The post reflects his reaction to the rapid decline witnessed in the prices of Bitcoin (BTC), Dogecoin (DOGE) and Ethereum (ETH).
Dogecoin founder’s cryptic post amid market turmoil
Markus shared a snapshot of the price of these three assets with a short caption: "Day 3 of being happy that I quit my job."
The listed prices show a significant drop in BTC, DOGE and ETH. This reflects the huge bearish sentiment that has affected the coins. As a result of these sell-offs, Bitcoin ETFs have registered the largest outflows as the bears dominate the market.
Despite this massive decline, Markus's tone has a hint of humor, best described as sarcastic. Many consider the post to have a deeper meaning of preparing to take advantage of the decline in the price of the assets.
Markus could be preparing to buy the dip in anticipation of a price rebound, which is likely to result in profit-taking.
The Dogecoin founder’s post has elicited reactions from his followers and many users of the different coins. Some users believe the price drop is a great opportunity for investors to accumulate ahead of the next bull wave.
Bitcoin crossed the psychological price level of $100,000 for the first time and soared to over $108,200. Many investors were engaged in profit-taking, particularly early traders who purchased when BTC traded below $80,000.
Market dynamics and investors’ confidence
As of this writing, BTC is exchanging hands for $93,726.91, down 8.15% in the last 24 hours. Bitcoin’s market capitalization, which flipped $2 trillion following the bullish wave, has now crashed to $1.85 trillion. However, Bitcoin’s market volume has soared by 24.19% to $119.02 billion.
DOGE’s price crashed by 20.49% to $0.289 within 24 hours. Dogecoin’s market volume has soared by 107.95% to $13.58 billion.
#MetaMask Announces U.S Debit Card Pilot Program
MetaMask Card is already live in the EU, UK, Brazil, Mexico and Colombia - The Defiant.
Ethereum-based crypto wallet MetaMask has launched a pilot program in the U.S. for its MetaMask card, a crypto debit card for online and real-life payments. The move comes a week after MetaMask, Mastercard, and Crypto Life launched the MetaMask Card pilot on Dec. 11.
Interested users must fill out a form and, if selected, will get to try out the card before its wider release. The post also mentions that the MetaMask card is unavailable in some states like New York and Vermont, but users can sign up to join the waitlist.
The MetaMask card works anywhere Mastercard is accepted and is already available in the EU, UK, Brazil, Mexico, and Colombia. There are also plans for a global rollout in the coming months.
“MetaMask Card represents a major step to removing the friction that has traditionally existed between the blockchain and real-world commerce. This is a paradigm shift that offers the best of both worlds,” said Lorenzo Santos, Senior Product Manager at Consensys, in a MetaMask blog post.
How It Works
The MetaMask card simplifies the crypto off-ramping process by abstracting away tedious steps, such as transferring funds to a centralized exchange (CEX) or bank to spend crypto.
The card provides an easier payment experience by leveraging Mastercard’s global merchant network and MetaMask’s security. All transactions are settled on Linea, an Ethereum Layer 2 (L2) network built by Consensys, the development company behind Metamask.
The card can be used via digital wallet integrations with Apple and Google Pay. It currently supports three currencies: USDT, USDC and wETH, a wrapped version of Ether on Linea.
MetaMask Card is already live in the EU, UK, Brazil, Mexico and Colombia - The Defiant.
Ethereum-based crypto wallet MetaMask has launched a pilot program in the U.S. for its MetaMask card, a crypto debit card for online and real-life payments. The move comes a week after MetaMask, Mastercard, and Crypto Life launched the MetaMask Card pilot on Dec. 11.
Interested users must fill out a form and, if selected, will get to try out the card before its wider release. The post also mentions that the MetaMask card is unavailable in some states like New York and Vermont, but users can sign up to join the waitlist.
The MetaMask card works anywhere Mastercard is accepted and is already available in the EU, UK, Brazil, Mexico, and Colombia. There are also plans for a global rollout in the coming months.
“MetaMask Card represents a major step to removing the friction that has traditionally existed between the blockchain and real-world commerce. This is a paradigm shift that offers the best of both worlds,” said Lorenzo Santos, Senior Product Manager at Consensys, in a MetaMask blog post.
How It Works
The MetaMask card simplifies the crypto off-ramping process by abstracting away tedious steps, such as transferring funds to a centralized exchange (CEX) or bank to spend crypto.
The card provides an easier payment experience by leveraging Mastercard’s global merchant network and MetaMask’s security. All transactions are settled on Linea, an Ethereum Layer 2 (L2) network built by Consensys, the development company behind Metamask.
The card can be used via digital wallet integrations with Apple and Google Pay. It currently supports three currencies: USDT, USDC and wETH, a wrapped version of Ether on Linea.
#Flare Integrates XRP on Test Network - Times Tabloid.
Flare, a blockchain platform, has officially launched FXRP, a tokenized representation of XRP, on its Songbird test network. This release marks a significant milestone following the completion of an open beta phase involving 48,000 participants.
During the beta testing period, the system processed over 263,000 mints and 395,000 redemptions, highlighting the potential for broader adoption.
Integration Details and Features
The FXRP integration incorporates a unique verification feature called the “handshake” mechanism, which allows authorized agents to validate wallet addresses participating in minting and redemption activities.
This system is a step toward bridging non-smart contract cryptocurrencies, such as XRP, Bitcoin, and Dogecoin, with decentralized finance (DeFi) applications.
Testing on Songbird will span six weeks for each asset, operating under specific financial parameters to ensure security and reliability.
Flare has introduced a $2 million issuance cap per asset and offers $300,000 in loss protection through Flare Labs, providing an added layer of security for participants.
Collateral for this testing phase will be backed by Songbird’s native token (SGB) and USDX, a stablecoin linked to U.S. Treasury values.
Flare, a blockchain platform, has officially launched FXRP, a tokenized representation of XRP, on its Songbird test network. This release marks a significant milestone following the completion of an open beta phase involving 48,000 participants.
During the beta testing period, the system processed over 263,000 mints and 395,000 redemptions, highlighting the potential for broader adoption.
Integration Details and Features
The FXRP integration incorporates a unique verification feature called the “handshake” mechanism, which allows authorized agents to validate wallet addresses participating in minting and redemption activities.
This system is a step toward bridging non-smart contract cryptocurrencies, such as XRP, Bitcoin, and Dogecoin, with decentralized finance (DeFi) applications.
Testing on Songbird will span six weeks for each asset, operating under specific financial parameters to ensure security and reliability.
Flare has introduced a $2 million issuance cap per asset and offers $300,000 in loss protection through Flare Labs, providing an added layer of security for participants.
Collateral for this testing phase will be backed by Songbird’s native token (SGB) and USDX, a stablecoin linked to U.S. Treasury values.
#Patriot Memecoin Soars to $73 Million Market Cap Amid Trump Election Buzz - The Defiant
Patriot, a political finance (PolitiFi) memecoin, surged to a record $73 million market capitalization early Wednesday.
The memecoin, created after Donald Trump's presidential win on Nov. 6, hit an all-time high of $0.0073 around 12 p.m. EST, before dipping to $0.0068, pushing Patriot's market cap to over $73 million.
Patriot, a political finance (PolitiFi) memecoin, surged to a record $73 million market capitalization early Wednesday.
The memecoin, created after Donald Trump's presidential win on Nov. 6, hit an all-time high of $0.0073 around 12 p.m. EST, before dipping to $0.0068, pushing Patriot's market cap to over $73 million.
#The Cold War Of National Bitcoin Reserve: Global Race For Digital Gold - Forbes by Tomer niv
As the global economy evolves, a new arms race is emerging, not in conventional weaponry but in Bitcoin. The world's most prominent cryptocurrency is now at the center of geopolitical strategies, with nations vying to establish national bitcoin reserves that may redefine their financial sovereignty. In this new "Cold War of Bitcoin," the United States, Russia, China, Japan, and other countries are staking claims.
Countries with significant technological infrastructure, such as Japan and South Korea, could enhance their reserves through government-backed mining initiatives, similar to Bhutan’s model. Meanwhile, nations like Russia and Iran might focus on state-sponsored mining to bypass sanctions and acquire Bitcoin covertly.
This movement could also have profound implications for geopolitics. Smaller, economically agile nations might gain a competitive edge by adopting Bitcoin early, leveraging it as a hedge against inflation and a tool for economic empowerment. In contrast, larger economies would face increasing pressure to incorporate Bitcoin into their reserves to avoid losing influence in a changing financial landscape. As Bitcoin becomes integral to national treasuries, it could reduce dependence on traditional financial systems and institutions like central banks, altering the dynamics of international trade, diplomacy, and sanctions.
The era of national Bitcoin reserves would also usher in new challenges. Nations would need to address security risks, volatility, and public trust in a decentralized asset. However, those that successfully navigate this shift could achieve unprecedented monetary sovereignty, fostering resilience against economic crises and external pressures. The geopolitical strategies of the digital age would revolve around technological innovation, crypto infrastructure, and the race to dominate the decentralized financial ecosystem, fundamentally reshaping the global order for decades to come.
As the global economy evolves, a new arms race is emerging, not in conventional weaponry but in Bitcoin. The world's most prominent cryptocurrency is now at the center of geopolitical strategies, with nations vying to establish national bitcoin reserves that may redefine their financial sovereignty. In this new "Cold War of Bitcoin," the United States, Russia, China, Japan, and other countries are staking claims.
Countries with significant technological infrastructure, such as Japan and South Korea, could enhance their reserves through government-backed mining initiatives, similar to Bhutan’s model. Meanwhile, nations like Russia and Iran might focus on state-sponsored mining to bypass sanctions and acquire Bitcoin covertly.
This movement could also have profound implications for geopolitics. Smaller, economically agile nations might gain a competitive edge by adopting Bitcoin early, leveraging it as a hedge against inflation and a tool for economic empowerment. In contrast, larger economies would face increasing pressure to incorporate Bitcoin into their reserves to avoid losing influence in a changing financial landscape. As Bitcoin becomes integral to national treasuries, it could reduce dependence on traditional financial systems and institutions like central banks, altering the dynamics of international trade, diplomacy, and sanctions.
The era of national Bitcoin reserves would also usher in new challenges. Nations would need to address security risks, volatility, and public trust in a decentralized asset. However, those that successfully navigate this shift could achieve unprecedented monetary sovereignty, fostering resilience against economic crises and external pressures. The geopolitical strategies of the digital age would revolve around technological innovation, crypto infrastructure, and the race to dominate the decentralized financial ecosystem, fundamentally reshaping the global order for decades to come.
#Bitcoin to Skyrocket to $210,000 in 2025, Presto Research Predicts - Bitcoin.com News
Presto Research, the analytical division of the algorithmic trading firm Presto, has just dropped its debut annual report titled “From Chaos to Clarity,” shining a spotlight on the wild ride of crypto trends in 2024 and throwing some daring forecasts for 2025.
Presto Research 2025 Predictions: Bitcoin to Break $200K Barrier While Solana Becomes a 4-Figure Token
Presto Research, the analytical division of the algorithmic trading firm Presto, has just dropped its debut annual report titled “From Chaos to Clarity,” shining a spotlight on the wild ride of crypto trends in 2024 and throwing some daring forecasts for 2025.
Presto Research 2025 Predictions: Bitcoin to Break $200K Barrier While Solana Becomes a 4-Figure Token
#RLUSD Launch Globally tomorrow Tuesday! The wait is over!
Why RLUSD?
✅ Fully backed by US dollar deposits, US govt bonds and other cash equivalents with monthly third-party audits
✅ Multi-chain support
✅ Built for cross-border payments, DeFi integration, and bridging between fiat and crypto
RLUSD is a step toward the future of finance.
In addition to Sheila Bair, David Puth and Chris Larsen — the Ripple stablecoin Advisory Board welcomes:
➡️Raghuram Rajan (former Reserve Bank of India Governor)
➡️Kenneth Montgomery (former First VP and COO, Federal Reserve Bank of Boston)
A team like no other! 😀💥 🚀🚀
Why RLUSD?
✅ Fully backed by US dollar deposits, US govt bonds and other cash equivalents with monthly third-party audits
✅ Multi-chain support
✅ Built for cross-border payments, DeFi integration, and bridging between fiat and crypto
RLUSD is a step toward the future of finance.
In addition to Sheila Bair, David Puth and Chris Larsen — the Ripple stablecoin Advisory Board welcomes:
➡️Raghuram Rajan (former Reserve Bank of India Governor)
➡️Kenneth Montgomery (former First VP and COO, Federal Reserve Bank of Boston)
A team like no other! 😀💥 🚀🚀