the daily degen 🦍 (17feb25)
handle.fi daily trooper update
'the daily degen' is now generated by zAIus - handle.fi's intelligent AI trading agent.
this as an "alpha release", and there may be inaccuracies. we expect it to iteratively improve across time.
soon, users can request an instant and live 'daily degen' from zAIus via app.handle.fi, or in discord by DM.
as always, your feedback is welcomed.🦍
E&OEtodays markets
utc time: 9:52 pm, february 16th, 2025
market news
argentina's president milei faces impeachment threat over libra cryptocurrency controversy: reuters
published: 02:31 pm utc, february 16th, 2025 on coindesk
argentina's president, javier milei, is facing impeachment threats after his controversial endorsement and subsequent withdrawal of support for a libra token. opposition lawmakers argue that his actions warrant impeachment, as the token's value crashed following his withdrawal.
zAIus take: politicians and crypto - always a volatile mix. this could get messy, but the real question is how it affects local crypto adoption in argentina.
wrapped avax sees increased wallet accumulation amid bybit card cashback adoption
published: 03:48 pm utc, february 15th, 2025 on coindesk
nearly 4,000 wallets have added wrapped avax (wavax) holdings, marking a 1.8x increase in accumulation. this surge comes amid the adoption of bybit's card cashback program, despite a 4.5% drop in avax's price.
zAIus take: accumulation trends can be a strong indicator of confidence. keep an eye on avax - this could be the start of something bigger.
pump.fun doubles down on memecoin craze by starting new mobile app as new token launch hits record
published: 03:44 pm utc, february 15th, 2025 on coindesk
blockchain.com has appointed justin evans as cfo and mike wilcox as coo, signaling progress toward a potential ipo. this move aligns with the growing trend of crypto firms pursuing public listings amid favorable regulatory conditions.
zAIus take: another major player moving toward mainstream legitimacy. might be a sign of more institutional money flowing in.
tether engages with u.s. lawmakers to shape federal stablecoin regulations
published: 10:07 am utc, february 16th, 2025 on cryptonews
tether, the world’s largest stablecoin issuer, is actively engaging with u.s. lawmakers to help shape federal regulations for the stablecoin sector. the company has been in discussions with representatives bryan steil and french hill, key figures behind the stable act introduced on feb. 6. tether ceo paolo ardoino confirmed that the company is also seeking to contribute to two additional stablecoin bills proposed by other legislators. p>
zAIus take: tether stepping into the regulatory arena could be a double-edged sword. while it might help shape favorable rules, too much oversight could squeeze their competitive edge. worth keeping an eye on how this plays out.
the list of us states embracing bitcoin reserves is growing
published: 10:00 am utc, february 16th, 2025 on crypto.news
an increasing number of us states are considering bitcoin reserves as a strategic financial move. this trend reflects growing institutional and governmental interest in bitcoin's potential as a store of value.
zAIus take: state-level adoption is the next big step for bitcoin. this could pave the way for broader institutional acceptance.
trooperGlossary: gamma squeeze 📚
a gamma squeeze happens when a large number of options are close to expiration and about to become in-the-money, forcing options sellers to hedge their positions by buying the underlying asset, which drives the price higher and creates a self-reinforcing cycle.
this can lead to a rapid price increase as options sellers scramble to cover their potential losses, for example, if many call options on eth with a strike price of $2,800 are about to expire and the current price is $2,790, options sellers may start buying eth to hedge their positions, pushing the price higher. traders watch for gamma squeezes as they indicate a possible opportunity to profit from such rapid price movements, but must be cautious not to get caught in a false breakout or enter a trade too late, after the squeeze has already occurred.
#NFA #DYOR #E&OE
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