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Today's Top Crypto Headlines:
MicroStrategy Joins Nasdaq-100 | OpenSea Airdrop Speculation | Pepe Trader Turns $27 Into $52M and more...
King Fatrick Gil Añasco
December 16, 2024
Good Morning Crypto Enthusiasts!
Glad to have you back for another edition of the UseTheBitcoin.com newsletter.
MicroStrategy Joins Nasdaq-100: MicroStrategy will join the Nasdaq-100 on Dec. 23, boosting institutional Bitcoin exposure. With Bitcoin holdings worth $43.6 billion, the firm nears a $50 billion milestone.
OpenSea Airdrop Speculation Grows: OpenSea’s Cayman Islands registration has fueled rumors of a token launch and user airdrop.
💡Feature of the Day - Pepe Trader Turns $27 Into $52M: A $27 investment in Pepe tokens turned into $52 million, marking a 1,900,000x ROI.
All this and more in today’s headlines!
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📰 News Highlights:
Michael Saylor, head of MicroStrategy’s Bitcoin investment strategy, hinted at another Bitcoin purchase in a Dec. 15 X post.
Is SaylorTracker.com missing a green dot?
— Michael Saylor⚡️ (@saylor)
12:50 PM • Dec 15, 2024
Saylor shared a Bitcoin portfolio tracker asking if it was “missing a green dot,” sparking speculation about the firm’s first Bitcoin acquisition with an average price exceeding $100,000.
Good evening.
MicroStrategy, $MSTR, is officially being added to the Nasdaq 100 index. Congratulations to Michael @saylor, and
Have a great night.
— James Lavish (@jameslavish)
1:34 AM • Dec 14, 2024
MicroStrategy’s stock, up 496.4% YTD, will join the Nasdaq-100 on Dec. 23 alongside Palantir and Axon.
Now that MSTR is getting added to the Nasdaq, every large pension fund, sovereign wealth fund, and individual retirement account in the world is going to have Bitcoin exposure.
— Will (@WClementeIII)
1:13 AM • Dec 14, 2024
This inclusion means MicroStrategy, a software company turned Bitcoin hedge fund, is among the Nasdaq’s 100 largest stocks by market cap.
As $MSTR officially enters the NDX 100 today, here is my 1-page executive summary on the "Theory of MicroStrategy" and how to profit off of the unstoppable hyperfinancialization of finance.
The trade of the decade is just getting started. Buckle up.
— Jeff Park (@dgt10011)
1:22 AM • Dec 14, 2024
Analysts predict this move could increase institutional Bitcoin exposure through ETFs like Invesco QQQ Trust, which holds $322 billion in AUM.
Further any active manager benchmarking against the Nasdaq will now need to compete against levered btc. This means most managers will hedge this underperformance risk with likely direct exposure to either btc or mstr.
This news is not priced in until public markets open.
— Felix Hartmann (@FelixOHartmann)
3:13 AM • Dec 14, 2024
OpenSea’s recent registration in the Cayman Islands has sparked speculation of an impending token launch and user airdrop.
BREAKING 🚨
There's a new OpenSea Foundation registered in the Cayman Islands.
You know what this means…
— wale.moca 🐳 (@waleswoosh)
9:44 PM • Dec 13, 2024
NFT researcher Waleswoosh shared the registration news on Dec. 14, fueling hopes within the community.
opensea officially registers a foundation in the cayman islands
this means that an opensea token is coming
I pray that they reward their OG users, myself & many others came up on NFTs & Opensea in 2021
they literally have the chance to turn everything around
— Golem (@BowTiedGolem)
3:30 AM • Dec 14, 2024
Community members hope OpenSea will reward early users, mirroring Blur and Magic Eden’s token distribution strategies.
Hopefully @opensea will reward me for my Loyalty back then. Ahhh I love good old day🥹
— Ed-Sama (@EdSama_Lens)
1:04 PM • Dec 14, 2024
Blur gained dominance by incentivizing users with token rewards, while Magic Eden’s airdrop faced criticism over technical issues.
Are OpenSea going to backdate their token airdrop?
Imagine if they pulled transactions back from 2021/2022
After seeing Blur and Magic Eden airdrop, I doubt OpenSea won't go down a similar path to improve their volume and revenues in V2
I'll keep an eye on it, though, and also… x.com/i/web/status/1…
— Waw 👑 (@WawKasem)
10:26 AM • Dec 14, 2024
OpenSea’s Cayman registration may enable regulatory flexibility for a potential token launch, though no official announcement has been made.
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💡 Feature of the Day:
A crypto trader turned a $27 investment into a staggering $52 million by holding 2.1 trillion Pepe tokens, blockchain analytics firm Lookonchain revealed on Dec. 14.
A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.
This whale initially only spent 0.0135 $ETH($27) to buy 2.1T $PEPE and has held it until now.
From $27 to $52M—an extraordinary 1,900,000x return!
etherscan.io/address/0xcbc9…
— Lookonchain (@lookonchain)
2:35 AM • Dec 14, 2024
This represents a record-breaking 1,900,000x return on investment. Memecoins like Pepe, despite lacking intrinsic value, have created several new millionaires in 2024.
Who could have foreseen??
But all joking aside, there continues to be an overwhelming amount of evidence to suggest that $PEPE is running the $DOGE playbook from last cycle.
The similarities are almost unbelievable.
The King of this cycle is #Pepe. You will see soon enough. x.com/i/web/status/1…
— Max (@MaxBecauseBTC)
6:12 PM • Dec 13, 2024
Analysts like Max Schwartzman view Pepe as the current bull run's Dogecoin.
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Jonathan Gibson
UseTheBitcoin.com