Good Morning Crypto Enthusiasts!

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

1. Trump-Backed WLFI Crypto Token Sale: The token sale for Trump-backed World Liberty Financial (WLFI) started on Oct. 15 but raised only 3.4% of its $300 million goal.

2. Tesla Moves Bitcoin Stash: Tesla moved its entire Bitcoin holding, worth over $765 million, to unknown wallets on Oct. 15 through 26 transactions.

3. 📈Technical Analysis Masterclass - Tesla just made a massive Bitcoin transfer, raising speculation that Elon Musk might be selling off Tesla’s entire Bitcoin holdings. Watch UseTheBitcoin’s latest Youtube video “Elon Musk’s Tesla Just Transferred ALL Its Bitcoin” to know if Tesla is selling its Bitcoin or join our Official Telegram Channel for more alpha!

4. 🪂Airdrop Essentials🎁: Get the latest airdrop now! Read UseTheBitcoin’s “ZenCoin Telegram Airdrop Guide” to learn more on how to qualify and participate in the ZenCoin airdrop!

5. 💡Feature of the Day - a16z-Backed Towns Officially Launches: Towns, a blockchain-powered messaging platform backed by Andreessen Horowitz (a16z), officially launched after raising $25.5 million.

   
   All this and more in today’s headlines!

📰 News Highlights:

Trump-Backed WLFI Crypto Token Sale [Source][Source][Source][Source][Source]

The token sale for Donald Trump-backed World Liberty Financial (WLFI) got off to a rocky start, with only 3.4% of its $300 million goal reached.

The sale, which began on Oct. 15, offered 20 billion tokens priced at 1.5 cents each, but within 14 hours, only 687 million tokens worth around $10.3 million had been sold.

The platform also experienced a website crash shortly after the sale launch due to overwhelming traffic, leaving many potential investors unable to access the site.

Despite boasting over 100,000 sign-ups prior to the sale, Etherscan data showed only 6,832 unique wallet holders.

The WLFI tokens are not tradable but will serve as governance tokens for an Ethereum-based decentralized finance (DeFi) platform modeled after Aave.

Trump’s sons—Eric, Barron, and Donald Jr.—are listed as "Web3 Ambassadors" for the project, while Trump himself has embraced the role of “Chief Crypto Advocate.”

Tesla Moves Bitcoin Stash [Source][Source]

Tesla has transferred its entire Bitcoin holding, worth over $765 million, to several unknown wallets.

The move, carried out on Oct. 15, involved 26 transactions, including initial test transfers, according to data from Arkham Intelligence.

Tesla's Bitcoin wallet had been dormant since June 2022 before this sudden flurry of activity, but there’s no indication that the company plans to sell its holdings.

 📈Technical Analysis Masterclass:

Elon Musk’s Tesla Just Transferred ALL Its Bitcoin

What Happened?

• Tesla Moves $760M in BTC: Tesla, one of the biggest corporate holders of Bitcoin, just moved $760 million worth of BTC to unknown wallets.

• Speculation of Sale: This has sparked speculation that Tesla might be preparing to sell off all its Bitcoin holdings, which could impact the market.

• Wallet Details: According to Arkham Intelligence, Tesla moved over 11,500 Bitcoin and now holds just $6.65 worth of BTC in its original wallets.

Tesla’s Bitcoin History

• Initial Purchase: In February 2021, Tesla bought $1.5 billion worth of Bitcoin, pushing Bitcoin’s price to new highs.

• Holdings Peak: At one point, Tesla’s BTC holdings were valued at $2.5 billion.

• Previous Sale: In 2022, Tesla sold 75% of its Bitcoin holdings at a loss, indicating the company isn’t afraid to cash out when needed.

• Recent Holdings: Just in March, Tesla’s wallet had 11,509 Bitcoin, valued at around $770 million.

Musk’s Complicated Relationship with Bitcoin

• Bitcoin as Payment: Tesla briefly accepted Bitcoin for vehicle purchases, only to reverse the decision due to environmental concerns over Bitcoin mining.

• Musk’s Influence: Musk’s tweets and statements have previously caused major price movements in the crypto market. For example, his 2021 announcement to stop accepting Bitcoin sent prices plummeting from $54,000 to $46,000 in hours.

• Dogecoin Affinity: Musk has shown a preference for Dogecoin, adding unpredictability to his stance on Bitcoin.

🪂Airdrop Essentials🎁:

ZenCoin Telegram Airdrop Guide

ZenCoin, a Web3 gaming project on the TON blockchain, is gearing up for its Token Generation Event (TGE) and token listing in Q4 2024.

This unique game combines meditation elements with blockchain technology, offering a peaceful, mindful environment where players can earn rewards.

With features like tap-to-earn, daily card upgrades, referrals, and customization, ZenCoin is attracting attention in the Web3 gaming space.

For more details, check out our full ZenCoin Telegram Airdrop Guide.

💡 Feature of the Day: 

a16z-Backed Towns Officially Launches [Source][Source][Source]

Towns, a blockchain-powered messaging platform backed by Andreessen Horowitz (a16z), has officially launched following its $25.5 million Series A funding round.

Co-founded by Ben Rubin, known for creating the social networking apps Houseparty and Meerkat, Towns aims to redefine digital communication by integrating blockchain technology for enhanced privacy, security, and decentralization.

Built on the River Protocol, an Ethereum Virtual Machine (EVM)-compatible chain, Towns offers users full ownership and control over their data.

The app’s interface, similar to platforms like Discord or Slack, allows users to participate in permissionless group chats and build decentralized online communities.

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😂 Crypto Meme of the Day: 

And that’s it for this today.

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See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com