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- 1/1/25: X Money Is Coming 💸🇲🇪💰
1/1/25: X Money Is Coming 💸🇲🇪💰
Today’s issue is brought to you by Safe — the world’s leading smart account provider on EVM, securing $100B+ in assets (including Vitalik’s).
Top News
'X Money' to launch in 2025, says X CEO Linda Yaccarino
Montenegro extradites Terraform Labs co-founder Do Kwon to the US
U.S. strategic Bitcoin reserve could be vital to countering China
Specs’ Insights
1. 'X Money' to launch in 2025, says X CEO Linda Yaccarino
In 2024, X changed the world. Now, YOU are the media!
2025 X will connect you in ways never thought possible. X TV, X Money, Grok and more.
Buckle up. Happy New Year!🥂
— Linda Yaccarino (@lindayaX)
8:25 PM • Dec 31, 2024
⌐◪-◪ → X Money is coming in 2025.
X Corp, led by Linda Yaccarino, is taking bold steps to transform X into an "everything app."
Set to launch in 2025, ‘X Money’ aims to integrate fiat and cryptocurrencies like Bitcoin, Dogecoin, and XRP into the platform. This move combines social interaction, media consumption through X TV, and financial transactions, signaling a new era for digital finance.
Speculation is growing over how X will execute this vision and whether it will boost mainstream crypto adoption. Personally, I hope they stick to existing standards like Bitcoin and ENS to avoid fragmentation.
2. Montenegro extradites Terraform Labs co-founder Do Kwon to the US
Montenegro extradites Terraform Labs co-founder Do Kwon to the US with help from Interpol
— The Block (@TheBlock__)
2:45 PM • Dec 31, 2024
⌐◪-◪ → Do Kwon is coming home!
After months of legal wrangling, Terraform Labs co-founder Do Kwon has been extradited to the U.S.
Montenegro handed Kwon over to U.S. authorities at Podgorica Airport with support from Interpol. He faces charges of conspiracy, securities fraud, and money laundering tied to the TerraUSD and Luna collapse, which wiped out billions in investor funds.
This extradition caps off a year of legal drama involving competing requests from South Korea and the U.S. It also marks a key development in the fallout from Terra’s implosion.
I wonder how he feels about all of this.
3. U.S. strategic Bitcoin reserve could be vital to countering China
A bitcoin strategic reserve would be an invaluable weapon in the U.S.’s economic war against China, argues @meanwhilelife CEO @ztownsend.
Opinion
go.coindesk.com/3ZWrCu4?term=o…— CoinDesk (@CoinDesk)
5:35 PM • Dec 31, 2024
⌐◪-◪ → A strategic BTC reserve is a bigger deal than you think.
The U.S. faces mounting challenges from China and Russia as they shed dollar reserves and build parallel financial systems.
China’s multi-decade strategy to weaken the dollar has been bolstered by digital payment dominance (e.g., Alipay, WeChat Pay). To respond, the U.S. must embrace Bitcoin as a strategic reserve asset to preserve economic power and resilience.
Bitcoin’s global adoption, digital scarcity, and potential as “digital gold” make it the ideal hedge against inflation and a weakening dollar. Nations like El Salvador have already demonstrated success by integrating Bitcoin into their reserves.
First corporations, then banks, now states, and soon nations—the Bitcoin standard is happening.
Note: this is merely an opinion in lieu of breaking news during the holidays.
Everything Else
📈 Market Snapshot
⛓️ Crypto & DeFi
2025 digital assets outlook report highlights key trends
Blockchain fragmentation remains a critical issue for 2025
Panel forecasts evolution in tokenomics for 2025, The Block
Crypto industry stars that shone the brightest in 2024, Decrypt
9 most influential crypto cities identified for 2024, Decrypt
The 8 weirdest bets on Polymarket in 2024, The Block
Top 10 crypto hacks and exploits of 2024 revealed, The Block
The year in data shows how crypto changed in 2024, The Block
🏦 Wall Street & VC
Crypto M&A activity predicted to rise in 2025, says top VCs
Bitcoin defies equity downturn amid bearish Fed outlook
🌎 Rest Of The World
Neobank Yopaki aims to make bitcoin accessible in Mexico