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Today's Top Crypto Headlines:
US Crypto Execs Eye 2025 | Cybertruck Blast | Buterin Criticizes Musk and more...
Good Morning Crypto Enthusiasts!
Glad to have you back for another edition of the UseTheBitcoin.com newsletter.
US Crypto Execs Eye 2025: Ripple’s Stuart Alderoty calls for token clarity, and Coinbase’s Paul Grewal predicts SEC cases may shift post-Chevron ruling. Key 2024 legal battles may set the stage for 2025.
Cybertruck Explosion Investigated: A Tesla Cybertruck blast in Las Vegas killed one and injured seven. Musk clarified the explosion was due to fireworks and fuel stored in the bed.
📈Technical Analysis Masterclass - Solana (SOL) is signaling a potential breakout from its downtrend. Watch UseTheBitcoin’s latest Youtube video “Solana Could Explode Any Moment!” to see if technical indicators point towards a bullish move or join our Official Telegram Channel for more alpha!
💡Feature of the Day - Buterin Critiques Musk’s Censorship: Vitalik Buterin urged Elon Musk to tone down divisive rhetoric and rethink censorship on X. Buterin warned that stifling dissent undermines public discourse and effective leadership.
All this and more in today’s headlines!
📰 News Highlights:
As the U.S. transitions to new leadership under President-elect Donald Trump, the digital asset industry anticipates shifts in regulatory policies.
SEC enforcement actions against crypto firms like Ripple and Coinbase have faced growing criticism under Chair Gary Gensler.
Let’s hope these principles won’t need repeating in 2025 and beyond:
1.The SEC only has jurisdiction over security transactions.
2.Selling a gold bar with a contractual right, title, or interest in my gold mine? Likely a security transaction.
3.Selling that same gold bar without… x.com/i/web/status/1…— Stuart Alderoty (@s_alderoty)
3:25 PM • Dec 31, 2024
Ripple’s Chief Legal Officer, Stuart Alderoty, emphasized the need for clear regulatory guidelines, arguing that tokens themselves should not automatically be classified as securities.
If the most lasting contribution from crypto in 2024 is the reminder that US law comes from Congress, not agencies, as enforced by courts—I’m good with that.
— paulgrewal.eth (@iampaulgrewal)
12:07 AM • Dec 31, 2024
Similarly, Coinbase’s Paul Grewal noted that recent SEC cases might take a different direction following the Supreme Court’s overturning of the Chevron doctrine, which limits judicial deference to agency interpretations.
A Tesla Cybertruck explosion outside Trump International Hotel in Las Vegas is under investigation as a potential terrorist act.
We have now confirmed that the explosion was caused by very large fireworks and/or a bomb carried in the bed of the rented Cybertruck and is unrelated to the vehicle itself.
All vehicle telemetry was positive at the time of the explosion.
— Elon Musk (@elonmusk)
10:12 PM • Jan 1, 2025
Tesla CEO Elon Musk confirmed the explosion stemmed from fireworks, gasoline, and camping fuel stored in the truck bed, unrelated to Cybertruck engineering.
The whole Tesla senior team is investigating this matter right now.
Will post more information as soon as we learn anything.
We’ve never seen anything like this.
— Elon Musk (@elonmusk)
8:51 PM • Jan 1, 2025
The blast occurred hours after New Year’s celebrations, killing the driver and injuring seven others.
LVMPD Provides Update on Cyber Truck Explosion Investigation
This afternoon, Sheriff Kevin McMahill addressed the media regarding the cyber truck explosion in front of the Trump Hotel. Here’s what we know so far:
➡️ Timeline:
The truck arrived in Las Vegas around 7:30 AM and… x.com/i/web/status/1…— LVMPD (@LVMPD)
1:04 AM • Jan 2, 2025
Officials stated the incident appears isolated, with no evidence of a larger plot, though investigations are ongoing with federal, state, and local authorities.
Someone blew up a Tesla Cybertruck at Trump Hotel in Las Vegas. This clip show the explosion was clearly not spontaneous.
I don’t want to jump to conclusions when there is little information, but it sure looks like an act of terrorism intended to send a message.
— Laura Powell (@LauraPowellEsq)
8:04 PM • Jan 1, 2025
The explosion coincided with another attack in New Orleans, where a Ford truck carrying an ISIS flag killed 15 people on Bourbon Street.
UPDATE ON CYBER TRUCK EXPLOSION
Sheriff Kevin McMahill provided an initial briefing regarding the explosion of a Cyber Truck in front of Trump Tower in Las Vegas this morning.
Key details:
- At approximately 8:40 a.m., reports were received of a vehicle explosion.
- One person… x.com/i/web/status/1…— LVMPD (@LVMPD)
9:45 PM • Jan 1, 2025
Despite similarities, authorities have found no evidence linking the incidents.
📈Technical Analysis Masterclass:
Key Indicators
Ascending Triangle: SOL is forming this bullish pattern, often indicating a price surge.
100-Day Moving Average (MA): Established as strong support, attracting buyers and pushing prices higher.
20-Day MA: A breakout above this level could trigger accelerated bullish momentum.
Relative Strength Index (RSI): Gradually moving above the median, signaling growing positive momentum.
Investment Strategy
Wait for Confirmation: Enter after a confirmed breakout above the downtrend.
Risk Management: Set a stop-loss just below the 100-day MA to protect against deeper corrections.
Key Levels to Watch
Support: 100-day MA
Resistance: 20-day MA and the ascending triangle's upper boundary
🎁Freebie:
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💡 Feature of the Day:
Ethereum co-founder Vitalik Buterin urged Elon Musk to moderate his tone and reconsider censorship on X, particularly after Musk faced backlash for defending foreign tech workers under H-1B visas.
@stevenmackeyman I admire your willingness to stand up and fight for freer movement of people, it's an important freedom that all too easily gets thrown under the bus.
That said I think it's valuable to turn down the temperature here, on both tone of discourse and the social media banhammer.… x.com/i/web/status/1…
— vitalik.eth (@VitalikButerin)
7:01 PM • Dec 31, 2024
Some conservative followers of Trump accused Musk of stifling dissent after premium features were allegedly removed from accounts opposing his stance.
The reason I’m in America along with so many critical people who built SpaceX, Tesla and hundreds of other companies that made America strong is because of H1B.
Take a big step back and FUCK YOURSELF in the face. I will go to war on this issue the likes of which you cannot… x.com/i/web/status/1…
— Elon Musk (@elonmusk)
4:22 AM • Dec 28, 2024
Buterin argued that effective leadership promotes constructive dialogue rather than divisiveness.
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😂 Crypto Meme of the Day:
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— The ₿itcoin Therapist (@TheBTCTherapist)
6:37 AM • Jan 1, 2025
Meme of the day provided by @TheBTCTherapist
And that’s it for this today.
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See you all tomorrow’s edition!
Jonathan Gibson
UseTheBitcoin.com