Trump Family, Binance Rumors, and Hints of a Bitcoin Supercycle...or Not?

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Hey there, fellow degens! Markets are wobbling, rumors of the Trump family swooping in on Binance US are swirling, and Michael Saylor is basically screaming that Bitcoin’s future has never been brighter—even though the price chart looks like it woke up on the wrong side of the bed.

You know what that means: it’s time for another dose of DegenDen.

Grab your digital popcorn, buckle up, and let’s see what chaos awaits in the wild world of crypto!

Trump Family x Binance US?

• The Rumor: According to a Wall Street Journal report, Trump allies might be eyeing a stake in Binance US (the exchange's American arm).

• The Denial: CZ hopped on X (a.k.a. Twitter - sorry Elon) and said, “Nope, not happening.” He even hinted this might be a smear piece targeting both Trump and crypto.

• The Context: After a $4.3B settlement in 2023, Binance has struggled to regain foothold in the U.S. Could a partnership with the Trump family be their ticket back? If so, that might spark enough controversy to fuel an entire season of “Crypto House of Cards.”

Degen Take: If it’s true, expect a surge in regulatory chaos and a wave of tweets. If it’s not, we’ve got ourselves another rumor to add to the “crypto drama” archives. Either way—popcorn, please.

Big Things Coming…Says Michael Saylor

• Saylor’s Speech: At the “Bitcoin for America” event, the MicroStrategy co-founder dropped bullish bombs:

  1. The U.S. acknowledges Bitcoin’s dominance.

  2. Mega-corporations are hoarding BTC like prime Manhattan real estate.

  3. Bitcoin is morphing into digital capital, the spine of global finance.

• Translation: Don’t freak out about short-term price dips. The real game is huge players quietly stacking sats. If you HODL, you’re basically on the same team as multi-billion-dollar corporations and (apparently) the U.S. government.

BTC Supply on Exchanges is Still Shrinking

• Numbers: Only 2.68M BTC remains across exchanges—just 13.5% of the circulating supply. That’s near a multi-year low.

• Interpretation: Instead of dumping on the market, whales and even retail degens are yanking coins off exchanges. Less BTC on exchanges often signals bullish (or at least diamond-handed) sentiment. Or, y’know, everyone’s paranoid about the next hack or meltdown.

TradFi & Crypto: The Alliance Grows

• Fidelity wants to add staking to its Ethereum ETF. Because yield.

• Coinbase launched a Base Ecosystem Group for accredited investors to back early-stage Base startups directly on-chain.

• OCC gave U.S. banks the green light to custody crypto. Essentially, your local bank might soon offer to hold your altcoin bags—and maybe even talk about “L2 solutions” around the water cooler. Bizarre new world? Yes, indeed.

Degen Take: The meltdown in token prices might be overshadowing the fact that institutions are full steam ahead. Seems they’re preparing for that next bull run—whenever it decides to grace us.

BTC at $84K: Must-Watch Levels

• A close below $82K might trigger heavy leveraged liquidations. Meanwhile, a break above $86K could spark a new leg up.

• Gold soared to $3K, overshadowing BTC’s performance. Does that matter? Maybe for macro watchers.

• Keep an eye on RSI divergences—some analysts see a bullish spark forming, but as always, time will tell.

Final Take: Crypto’s Got 99 Problems, But Boredom Ain’t One

Between potential Trump deals, Saylor’s bullhorn, and whales playing keep-away with BTC supplies, we’re knee-deep in drama. But that’s what we signed up for, right? This market might dip and dive, but the underlying currents (big institutions, corporate accumulation, and even Uncle Sam’s newfound acceptance) keep pulling us toward a bigger endgame.

Stay degen

– The DegenDen Team

P.S. If Trump actually partners with Binance, you better believe we’ll be front-row with the popcorn—and the next newsletter’s gonna be spicy.

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