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⌐◪-◪ → JD Vance is officially Trump’s pick for VP, which means Polymarket was right once again! For those who don’t know JD Vance, here are a few key facts:

• Pro-Crypto Senator for Ohio

• BTC holder with at least $250k BTC

• Voted to repeal SAB121, which Biden vetoed

• Hates Gensler as much as us

• Bestselling author & venture capitalist

Naval and others described him as “assassination insurance” — meaning Trump’s enemies do not want to leave Vance in charge.

Other motivations for picking Vance may include winning Ohio (a key swing state), the fact that he has an Indian wife and bi-racial children (winning minorities) and that he is a combat veteran (winning military).

Politics aside, Vance is a strong pick for our bags and America’s future as a global leader in crypto innovation.

If Polymarket keeps getting things right, with Trumo’s odds at 72%, then America is about to see its first pro-crypto White House!

⌐◪-◪ → Mt. Gox just moved 91,775 BTC worth $5.8B to two addresses, marking the beginning of their repayment process. They still hold 139,000 BTC worth $8.7 billion at current prices.

One of the addresses is associated with Kraken, who confirmed receipt of funds and plans to distribute to creditors in 7-14 days.

For context, Germany just dumped 50,000 BTC. Many believe this sell-side pressure will be the “final boss” before the real bull run begins.

While Mt. Gox’s bag is larger than Germany’s, I don’t think 100% of it translates to sell-side pressure, as some creditors may simply hold.

Are you buying or selling right now? Let me know in Specs.Chat!

⌐◪-◪ → Larry Fink just admitted he was wrong about Bitcoin, calling it a “legitimate financial instrument” during an interview on CNBC. More specifically, he said Bitcoin:

• Has uncorrelated returns

• Is a hedge against currency debasement

• Gives people financial control

• Is like digital gold

While his stance shouldn’t come as a surprise to crypto natives, it massively legitimizes Bitcoin in the eyes of non-crypto natives, baby boomers, TradFi institutions, and the world of wealth advisors.

The video clip even caught billionaire Michael Dell’s attention, who retweeted it calling it “Fascinating” — shilling Bitcoin.

I don’t know about you guys, but Crypto is feeling more bullish than ever —  lots of macro tailwinds in our favor right now, and wins across the board. Higher.

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