Good Mooning Vol. 3

GM (Good Mooning)!

While the crypto market never sleeps, the traditional stock market finally wakes up today after a long weekend. Eyes will be on stocks like MicroStrategy, a company famously tied to Bitcoin, to see how they fare as trading resumes. With crypto and traditional finance continuing to intersect, today promises to bring insights into these dynamic markets. Let’s jump into today’s highlights and get your morning orbit around the latest in crypto started!

Moon News 📰: Today’s Big Crypto Headlines

Arthur Hayes Skeptical of Trump's Potential Bitcoin Reserve

Arthur Hayes, co-founder and former CEO of BitMEX, has expressed doubts about the likelihood of former President Donald Trump establishing a Bitcoin Strategic Reserve. Hayes believes that the limited time frame before the midterm elections constrains the administration's ability to implement substantial policy changes, making such an initiative improbable. He suggests that any new funds would more likely be allocated to programs with immediate voter appeal rather than purchasing Bitcoin. Additionally, Hayes anticipates a potential downturn in the crypto market around the time of the inauguration, attributing it to a possible mismatch between investor expectations and the feasibility of swift policy implementations.

Read the full article on CoinDesk.

🚨 $SOL Deposit Delays on Coinbase – What You Need to Know

If you're trying to deposit Solana ($SOL) on Coinbase, be prepared for a significant wait. According to @DegenerateNews, Coinbase has advised users that processing times for $SOL deposits could take up to 1,061 minutes, or nearly 18 hours.

This delay isn’t due to Solana itself, which remains one of the fastest blockchains, but rather an issue with Coinbase’s infrastructure. The platform is struggling to handle the current surge in activity on Solana’s network.

Coinbase CEO @Brian_Armstrong addressed the situation, reassuring users that the team is working hard to scale up and resolve these delays. In a public statement, he acknowledged the inconvenience, saying, "There is a lot of activity on Solana right now. Apologies for the trouble 🙏."

For now, $SOL users on Coinbase may need to exercise patience while the platform catches up with demand. Stay tuned for updates. Source: @DegenerateNews

Jupiter’s Jupuary Airdrop: Everything You Need to Know

Jupiter, the leading decentralized exchange on Solana, has announced its highly anticipated "Jupuary" airdrop, set for mid-January 2025. This annual event rewards eligible users with JUP governance tokens, strengthening community participation in Jupiter's DAO.

Key Highlights:

• Airdrop Details: Scheduled for January 2025. Check out the tweet below for the airdrop checker.

• Governance Rewards: JUP token holders benefit from the Active Staking Rewards (ASR) system, earning quarterly rewards by staking tokens and participating in votes.

• Token Burn Event: A live burn of 30% of JUP’s total supply will occur during the "Castanbul" conference, ensuring long-term token scarcity.

Jupuary underscores Jupiter’s commitment to a transparent, community-first approach. If you’re active in the Solana ecosystem, read the full article here.

 The Lunar Market🌕 : Price Moves You Need to Know

Market Overview:

• Bitcoin (BTC): $101,969 (0.1%)

• Solana (SOL): $234.71( -1.7%)

• Ethereum (ETH): $3,223.18 (-.5%)

Memecoin Movers:

• GRIFFAIN: $0.493  (10.39%)

• AI16Z: $0.874  (10.21%)

Prices as of 10:00 PM EST 1/20/25

Crypto Buzz 🐝: The Trending Topics on X

Proof that we live in a simulation 🤣 

Sell in May and go away???

Closing Reflection:

As the stock market reopens and crypto marches on nonstop, we’re left wondering—where do you think we are in the market cycle? Are we still early, or are we approaching the later stages? We’d love to hear your thoughts! Also, let us know how you’re enjoying the newsletter and what topics you’d like us to explore in the future.

Thank you for starting your day with us at Good Mooning! Until next time, may your portfolios thrive, your trades align with the stars, and your morning always start on the right orbit. 🚀🌙