Short Sellers So Shook, They’re Holding Teddy Bears for Emotional Support 🐻

Short Sellers So Shook, They’re Holding Teddy Bears for Emotional Support 🐻

OVERVIEW

Short Sellers So Shook, They’re Holding Teddy Bears for Emotional Support 🐻 

Before we dive in, here’s today’s crypto market heatmap:

Source: Santiment

And here’s a look at crypto’s total market cap chart:

Source: TradingView

NEWS IN THREE SENTENCES
Crypto News 📰

🏛️ Trump’s SEC Shake-Up: Crypto Overhaul on Deck

Hester Peirce and Mark Uyeda might freeze some non-fraud lawsuits and start writing new rules on when a coin is a security. Paul Atkins is set to replace Gensler, but who knows how the Senate confirmation circus goes. The plan could include dropping old enforcement cases, though that’s a legal landmine waiting to happen. Don’t expect them to coddle outright fraud, but everything else is up for grabs. Reuters.

🚨 Binance.US Boss Slams SEC’s “Operation Chokepoint 2.0”

Interim CEO Norman Reed claims the SEC is ghost-chasing fraud allegations just to starve the exchange of banking partners. He says they got no proof, but plenty of “Go away, crypto” vibes. And thanks to this heavy-handed crackdown, Binance.US is losing customers, staff, and presumably any remaining patience. CryptoDNES.

💰 HashKey’s 2025 Predictions: BTC $300K or Bust

HashKey thinks Bitcoin’s blowing past $300K, Ether might top $8K, and the U.S. will set up a “Bitcoin Strategic Reserve” under Trump’s new admin. They’re also calling for stablecoins to hit $300B in market cap plus a fresh wave of crypto ETFs (XRP, SOL, who’s next?). HashKey.

💸 Bitfinex Gets 120,000 BTC Back
A U.S. court is handing the 2016-hacked Bitcoin back to Bitfinex in “in-kind restitution.” That stash was a humble $71 million back then, and now it’s cresting $12 billion. Meanwhile, the husband and wife hacking duo are both behind bars serving 5 years and 18 months, respectively. CryptoBriefing.

🏈 CFTC vs. Crypto.com: The Sports-Betting Showdown
Crypto.com rolled out football futures, and the CFTC might call a penalty after the Super Bowl. They’re weighing a 90-day review to see if these bets break gaming laws. If the feds blow the whistle too late, well, that’s showbiz for crypto sports wagers. CryptoDNES.

STOCKTWITS
100,000 Followers On Stocktwits Celebration 🥳 

Source: Stocktwits.com

We hit 100K followers! 🎉 Thank you frens 🫂 

To celebrate, we’re giving away three months of Stocktwits Edge! 💙 Tell us in this thread… what’s your favorite part about Stocktwits Crypto?

We will pick some of our favorites, so drop a comment!

XRP
XRP Returns To $3 👏 

XRPUSD Daily Chart – Click to enlarge.

The last time XRP traded in the $3 range was January 5, 2018.

7 years and 10 days. That’s 2,565 days. 🤯 

After years of fighting the SEC and millions spent to defend itself and the crypto industry as a whole, it’s a well-deserved achievement for XRP hodlers everywhere.

Well effing done! 👍️ 

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TECHNICAL ANALYSIS
Everything’s Moving Above The Cloud ☁️ 

TradingView has three very useful crypto charts often called Total 1, Total 2, and Total 3.

Total 1 is the Total Crypto Market Cap chart

Total Crypto Market Cap Chart – Click to enlarge.

Total 2 is the Total Crypto Market Cap chart, excluding Bitcoin

Total Crypto Market Cap Chart (excluding Ethereum) – Click to enlarge.

Total 3 is the Total Crypto Market Cap chart, excluding Bitcoin and Ethereum – often just called the Altcoin Market Cap chart.

Altcoin Market Cap Chart – Click to enlarge.

Not all cryptos are trading above the Ichimoku Cloud on their daily charts—some are still stuck below. However, the aggregated charts suggest a bullish breakout is on the horizon. If today’s daily candles closes above the Cloud, it’s game on for the bulls—assuming nothing catastrophic happens in the final hours of the session.

Oh, and incase you missed it, the Altcoin Market Cap regained the $1 trillion level. 🙏 

NEWS IN THREE SENTENCES
Metaverse, NFT, & Gaming News 🎮️

📉 NFT Market Tanks in 2024

DappRadar says NFT trading volumes sank by 19% to $13.7 billion, making 2024 the worst year since 2020. Pudgy Penguins rose, Yuga Labs fell, and the hype train apparently stalled out. Maybe the moral is that NFTs don’t need to be eye-wateringly expensive—or that the party’s officially over. TheBlock.

🚀 SPACE ID Grant Program S6: More Free Money, Now With Domain Shenanigans

They’re dishing out grants until March 31 for devs who can cook up fresh Web3 domain use cases—like hooking in Metamask Snap or building spiffy DApps. They blew through $2,600 last season and have bigger budgets this time, so maybe you can grab a slice. Just fill out their form, impress them with your new domain-driven idea, and try not to blow it. Space ID blog.

🎉 WEMIX PLAY: Double EXDRA1 If You’re Feeling Lucky

They’re slashing gas fees and tossing out extra EXDRA1 tokens when you spend WEMIX Coins in the MIR4 Webshop—because who doesn’t love more digital game money. Each $5 spent nets you a chunk of EXDRA1, plus bigger spending tiers mean bigger bonuses. Throw in mileage promos and zero gas events, and you’ve got a carnival for the crypto gamer crowd. WeMix blog.

FUNDRAISER
A Can’t-Miss Comedy Show For LA Wildfire Relief 🎤 

Host Cipha Sounds will be joined by Mark Normand, Sam Jay, Jim Florentine, Jon Rudnitsky, Andrew Dice Clay, and more on Thursday, January 16th, at 8:00 pm ET at The Stand in NYC and everywhere on Punchup.live. 

Stocktwits is proudly sponsoring the event, and all proceeds will benefit The American Red Cross. It’s an incredibly hard time for many people, so let’s have some laughs and raise some money for those impacted by this tragedy. 🤝 

Source: Punchup.live

NEWS IN THREE SENTENCES
DeFi, DEX, and Lending Protocol News 🏦

🤝 TrueNAS + Storj: Backups That Might Actually Save You

TrueNAS has baked Storj right into its software so you can skip the usual buy-another-program routine and just back up everything securely and globally. The idea is simple: stop paying hidden fees to big cloud and start using distributed storage that costs less and won’t collapse if one region goes offline. If Geiger Ready-Mix can figure out 3-2-1 backups with TrueCloud, you probably can, too. Storj blog.

🔗 Mantle Network’s dApp Ecosystem: More DeFi, Less Yawning

They’ve loaded up on DEXs, lending markets, and gaming projects to prove they’re more than a ghost chain. Merchant Moe, AGNI, and IntentX are all dangling big fat rewards to lure your liquidity, so if you’re a degenerate yield-hunter, have at it. Even the cross-chain solutions are playing bal. Mantle blog.

🦐 Ociswap + Radix Grants: When DEX Dreams Come True

Ociswap bagged $5M in TVL and $94.5M in volume, thanks in part to a wave of Radix Grants. They’ve got fancy liquidity pools, staked XRD, and a “SPLASH” of reward tokens to keep everyone sloshing around. If you’re a DeFi junkie, keep an eye on their next move—it might just make you question those 50/50 pools you thought were hot stuff. Radix blog.

⚙️ Bitflow Keepers: Let the Robots Handle Your Bitcoin DeFi

Bitflow wants to automate everything from limit orders to yield harvesting so you don’t have to watch charts 24/7. These “keepers” can’t steal your funds, but they’ll sure take the monotony of rebalancing off your plate. They’re basically rolling AI and 5–10 second Stacks finality into one big autopilot. Stacks blog.

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Author Disclosure: The author of this newsletter holds positions in ADA, LTC, IMX, WMT, COPI, MIN, AGIX, ALGO, DOGE, ZEC, AVAX, XLM, XTZ, and NEAR. 📋





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