GM. This is Daily Squeeze – your citrus-infused crypto water, subtly flavoring your day with essential blockchain notes.
🥥 Kamala Harris makes another statement that suggests she supports digital assets.
🤓 Meta has announced its latest innovation—AR smart glasses called Orion.
🍊 News drops: players are disappointed with Hamster Kombat’s airdrop, PayPal now offers crypto services to businesses + more
🍍 Market flavour today
Fear and Greed Index is holding steady at 50, keeping us right in the middle of neutral territory. Looks like the crypto market’s taking a breather and weighing its options.
On the surface, things look promising: retail investors are accumulating, exchange supplies are decreasing, and BTC ETFs are seeing consistent inflows. However, we’ve seen similar conditions before without significant price movement.
The increased liquidity from US and Chinese central banks could be a game-changer, potentially fueling the crypto market. Meanwhile, the 6-month HODL Wave has hit 79.02%, surpassing levels seen at previous bear market bottoms. This suggests strong conviction among long-term holders.
As always, keep your wits about you and your portfolio diverse. In the crypto wild west, anything can happen! 🤠
📸 Say “crypto”!
You know how parents get all excited when their baby says their first word? That’s basically how left-wing crypto enthusiasts react whenever Kamala Harris even remotely mentions anything crypto-related.
It’s not without reason, tho, ’cause she hadn’t said a single word about this industry since she started running for president. Well, up until three days ago, when she finally said she’d support innovative tech like AI and digital assets while also protecting consumers and investors.
While that does sound promising and all, “protecting investors” can go many ways. Let’s take SEC Chair Gary Gensler as an example—for him, protecting investors means aggressive enforcement action against crypto firms, which ends up slowing innovation too.
Back to Harris again—she gave another nod to digital assets speaking at The Economic Club of Pittsburgh yesterday. And this time, she got a little bolder with her statement, saying that her goal is to keep the US a leader in tech like blockchain. This idea was also mentioned in her recently released economic plan.
So yeah, we’re still not getting any concrete actions she plans to take to encourage innovation in the crypto industry (and she still seems to be dodging the actual word “crypto”), but we’re definitely starting to see her lean in favor of this sector.
🚫 Latest tech update: blocking people IRL
We’ve all had those moments where you’re stuck in a conversation so bad you just want to be gone right then and there. And you know what? Now that’s kinda doable.
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At the Meta Connect 2024 event, Mark Zuckerberg announced Meta’s new product: Orion, a pair of augmented reality (AR) smart glasses with built-in mini projectors. He hyped them up as “the most advanced glasses the world has ever seen,“ and after seeing the demo, I gotta say, he’s not wrong.
With these glasses, you can see the world around you like normal, but digital stuff just pops up in front (see here, he starts talking about the glasses from around 1:19:00). So yeah, you can sit at a dinner table and send a message without having to take out your phone or even look away.
These grandpa-from-Up-type looking glasses are controlled by voice commands and a neural interface worn on the wrist. Basically, you say some spells, do some hand gestures and control the apps.
So, the next time a Karen goes on a rant about how you parked too close to her car, you can look her straight in the eyes and pretend to care while actually being productive. You know, answering some emails, texting your friends—whatever works.
📰 News drops
🐹 Hamster Kombat has finally dropped its HMSTR token… and the community is disappointed. The token launched at $0.012, and many users feel let down after playing the game for months only to receive rewards that fell short of expectations.
💼 PayPal now enables US merchants (except those in New York) to buy, sell, and trade crypto. This update brings businesses the same crypto tools that individual users have been enjoying for a while.
⛓️ The US Congress Foreign Affairs Committee passed a resolution urging Nigeria to immediately free Binance exec Tigran Gambaryan from prison. Next, it heads to the House of Representatives for a vote.
🧑⚖️ South Korean authorities hit the Worldcoin Foundation and its partner, Tools For Humanity, with an $829K fine for breaking the country’s privacy laws. They launched an investigation back in February after receiving complaints that the company might be collecting biometric data in exchange for crypto.
🚀 Ethena just revealed plans to roll out a new stablecoin called UStb. The stablecoin will be backed by BlackRock’s tokenized USD Institutional Digital Liquidity Fund (BUIDL), ensuring a steady value of $1 per token.
🤓 Knowledge juice
Learn about Zengo with the latest BitDegree Mission “Zengo: An Innovative Approach to Crypto Storage”:
