Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. Justin Sun Supports WLFI: TRON founder Justin Sun has invested $30 million in Donald Trump’s crypto project, World Liberty Financial (WLFI), making him its largest backer.

2. Rumble Embraces Bitcoin: Video platform Rumble plans to allocate $20 million of its cash reserves to Bitcoin, citing its value as an inflation hedge and a strategic alignment with the platform's decentralized ethos.

3. 📈Technical Analysis Masterclass - BONK shows promising signs with its breakout, retest, and alignment with technical indicators. Watch UseTheBitcoin’s latest Youtube video “The Best Entry Point for BONK? Don’t Miss Out!” to know if this might be an excellent time to invest or join our Official Telegram Channel for more alpha!

4. 💡Feature of the Day - Ripple First Tokenized Money Market Fund: Ripple has partnered with Archax to tokenize abrdn’s $4.77 billion Liquidity Fund on the XRP Ledger, creating the first tokenized money market fund.

   
   All this and more in today’s headlines!

📰 News Highlights:

Justin Sun Bets $30M on WLFI [Source][Source]

Justin Sun, the founder of TRON, has become the largest investor in Donald Trump’s crypto initiative, World Liberty Financial (WLFI), purchasing $30 million worth of tokens.

This move brings the project closer to its ambitious $300 million fundraising goal while triggering its first payouts to Trump and his family.

WLFI, which restricts token sales to non-U.S. persons and accredited investors, had struggled to attract buyers, raising just $20 million before Sun’s investment.

However, the collaboration raises eyebrows as both Trump’s campaign promises and Sun’s regulatory challenges create an unusual alliance.

Rumble Embraces Bitcoin [Source][Source][Source]

Video-sharing platform Rumble has announced plans to allocate up to $20 million of its cash reserves to Bitcoin, citing growing institutional adoption and its appeal as an inflation hedge.

The decision, endorsed by a resounding 93.9% in a recent user poll, highlights the company’s confidence in Bitcoin’s long-term value.

CEO Chris Pavlovski emphasized that Bitcoin’s decentralized nature aligns with Rumble’s mission and strategic goals, as the platform expands into cryptocurrency adoption.

Joining industry leaders like MicroStrategy and Marathon Digital, Rumble’s shares surged over 12%, reflecting investor enthusiasm for the move.

 📈Technical Analysis Masterclass:

The Best Entry Point for BONK? Don’t Miss Out!

Key Insights

• Breakout and Retest: BONK has broken out of previous resistance levels and is now retesting them as support, a strong signal for potential upward movement.

• Fibonacci Golden Zone: BONK is trading within the ideal buy zone, often a turning point for price consolidations before upward trends. Even a slight dip to 0.000039 keeps it in this favorable range.

Technical Indicators

• Moving Averages: The 20-day moving average aligns with the Fibonacci golden zone, reinforcing the strength of current support levels. This convergence of indicators adds confidence to the setup.

• Resistance Levels: Using the Fibonacci extension tool, the next potential resistance zones are 0.000065 to 0.000070. These targets highlight where traders might take profits, potentially slowing upward momentum.

Risk Management

• Stop-Loss: Set a stop-loss slightly below the Fibonacci golden zone to protect your capital in case of unexpected breakdowns.

• Volatility Awareness: BONK is a meme coin with high volatility and relies on community sentiment. Invest only what you can afford to lose, and avoid overexposure.

💡 Feature of the Day: 

Ripple First Tokenized Money Market Fund [Source][Source][Source]

Ripple has introduced the first tokenized money market fund on the XRP Ledger, partnering with Archax to tokenize abrdn’s $4.77 billion U.S. dollar Liquidity Fund.

The move highlights Ripple’s ambitions to lead the burgeoning real-world asset (RWA) tokenization market, projected to hit $16 trillion by 2030.

Professional investors will access the fund through Archax, with Ripple investing $5 million in tokens as part of its broader RWA strategy.

Today’s Sponsor:

This week we have partnered with Gemini.

Gemini is crypto-obsessed and compliance-focused, making it safe and easy to buy and sell crypto.

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😂 Crypto Meme of the Day: 

Meme of the day provided by @TheBTCTherapist

And that’s it for this today.

Buy, sell, store, and convert crypto with today’s sponsor Gemini, full-reserve and highly-regulated cryptocurrency exchange and custodian!

See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com