NiftyNoon: Misleading “US Government Dumping Bitcoin” Story Causes Unnecessary Panic 😱🟠

The misleading US DOJ story about the government now being able to sell BTC is wrong; rather, the case cited does not explicitly grant authority to sell (January 10, 2025)

Highlighted News:

• DOJ case spreading on social media supposedly does not relate to DOJ’s right to sell Bitcoin but rather a FOIA issue around disclosing the identity of related parties:

  

  https://x.com/legal_fi/status/1877195120195338609?s=46

• A couple facts that *seem* like they're getting lost in this "USA is dumping on you and insiders are front-running it" story:

  

  https://x.com/punk9059/status/1877404484118393015

Project and Community News:

• Mastercard launches Crypto Credential in UAE and Kazakhstan: https://x.com/Cointelegraph/status/1877321421053112349

• Introducing Pudgy Life, an official IP Licensed @pudgypenguins game developed by Playember: https://x.com/play_ember/status/1877385150436114551?s=46

• Thai police seize nearly 1,000 Bitcoin mining machines amid energy theft allegations: https://x.com/TheBlock__/status/1877347331881750824

• CFTC Issues Subpoena to Coinbase Over Polymarket Case: https://x.com/BSCNews/status/1877251643726586181

• MANTRA and DAMAC Group @DAMACOfficial Revolutionize Tokenized Real-World Assets with US$1 Billion Deal: https://x.com/MANTRA_Chain/status/1877355756237791619

• Blast's mobile platform is launching alongside tokenomics updates later this month: https://x.com/blast/status/1877129353785458963?s=46

• Introducing Aiccelerate DAO - Accelerating Crypto x Agentic AI: https://x.com/aicceleratedao/status/1877362656585331050?s=46

• Bridged USDC is now LIVE on @SonicLabs using Bridged USDC Standard: https://x.com/circle/status/1877399941141676447?s=46

• Public Beta for Perpetual futures trading is now LIVE on Raydium: https://x.com/RaydiumProtocol/status/1877415113428447239

• Five new vault strategies have been introduced on @DriftProtocol: https://x.com/gauntlet_xyz/status/1877408181711716434?s=46

• @fantasy_top_ Introducing Moonshot Coin Rush: https://x.com/fantasy_top_/status/1877401122756874590

• Manta x Symbiotic Unleash Fast Finality on Manta Pacific: https://x.com/MantaNetwork/status/1877369800097411470

• ANIME partners with KaitoAI: https://x.com/animecoin/status/1877395539098062938?s=46

• @FTX_Official disputed the sale of its EU entity to @Backpack , which is run by former FTX and Alameda Research staff: https://x.com/MuyaoShen/status/1877194686923694307

• Judge Kills £600M Bitcoin Dream For Brit: https://x.com/RoundtableSpace/status/1877386796126130680

Quick Stats:

• 👾 Blur ETH Daily Volume: 2,992 ETH (▲ 5.49%)

• 🌊 OpenSea ETH Daily Volume: 835 ETH (▼ 17.98%)

• 🟠 BTC : $93,892.39 (▲ 1.92%)

• 🔷 ETH: $3,258.01 (▲ 0.64%)

• 🟣 Solana: $187.62 (▲ 1.02%)

• 🟪 Polygon: $0.45 (▲ 1.48%)

Top NFT Sales:

• CryptoPunks #2547: 39.97 ETH

• Pudgy Penguins #4507: 35.00 ETH

• Pudgy Penguins #7993: 28.90 ETH

NFT Daily Winners:

• 🐵 NodeMonkes: 0.11 BTC (▲ 11.15%)

• 🧦 Bitcoin Puppets: 0.12 BTC (▲ 8.74%)

• 👾 Tensorians: 6.60 SOL (▲ 7.14%)

• ⛩ Azuki: 12.40 ETH (▲ 1.72%)

• 😡 Mad Lads: 74.39 SOL (▲ 1.02%)

• 🚬 CryptoPunks: 36.28 ETH (► 0.00%)

• 🏳‍🌈 Chromie Squiggles: 4.90 ETH (► 0.00%)

• 🍭 Mocaverse: 2.99 ETH (► 0.00%)

NFT Daily Losers:

• 🦧 Bored Ape Yacht Club: 15.49 ETH (▼ 0.39%)

• 🐧 Pudgy Penguins: 24.99 ETH (▼ 0.64%)

• 💼 Ordinal Maxi Biz: 0.16 BTC (▼ 1.77%)

• 🐱 Quantum Cats: 0.32 BTC (▼ 4.44%)

• 👩🏻 Milady Maker: 3.58 ETH (▼ 5.79%)

• 🏴‍☠ Captainz: 2.10 ETH (▼ 7.32%)

Notes:

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