🔎Crypto Czar Sets Sights On Debanking

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David Sacks, Trump’s incoming White House Crypto Czar, called out Operation Choke Point 2.0, the clandestine regulatory offensive intended to cut off web3 from the U.S. banking sector.

The National Center for Public Policy Research wants Amazon to invest 5% of its assets into Bitcoin. The shareholder proposal follows a similar effort to lobby Microsoft to allocate 1% of its assets to BTC.

Bitcoin’s market dominance is pulling back after altcoins staged a comeback.

Also, Coinbase listings fuel memecoin gains, Pudge Penguins rally on token news, U.K. users get banned from PumpFun, Solana proposes block limit increase, and Ethereum overtakes Tron by USDT market cap.

✍️ In today’s newsletter:

David Sacks slams Operation Choke Point 2.0
Think tank calls on Amazon to invest in BTC
Altcoins recapture market share from Bitcoin
TURBO and GIGA soar on Coinbase listings
PENGU token propels Pudgy Penguins NFT to new highs
PumpFun geoblocks U.K. users
Solana developers want larger blocks
Ethereum usurps Tron’s USDT dominance

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👀Incoming Crypto Czar Calls Out Operation Choke Point 2.0

David Sacks, the incoming inaugural White House Crypto Czar, called for scrutiny into Operation Choke Point 2.0 — a regulatory campaign that seeks to debank the crypto industry. The news coincided with freshly published documents confirming that the FDIC told financial institutions to stop providing services to crypto firms in 2022.

💰Think Tank Says Amazon Should Invest 5% Of Its Assets Into Bitcoin

The National Center for Public Policy Research submitted a shareholder proposal calling on Amazon to invest 5% of its assets into Bitcoin. The proposal argues that Bitcoin provides a hedge against inflation and thus serves to preserve corporate profits.

↕️Altcoin Season Begins as BTC Dominance Plummets

Bitcoin’s crypto market dominance has tumbled to 51.3% after sitting at 58% two weeks ago. The trend followed major alt Layer 1 networks soaring to new all-time highs last week, while ETH also outperformed BTC amid its rally to $4,000.

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By purchasing a Node, you can earn rewards, ensure network reliability, and shape the next generation of the internet. With the mainnet launch and $ICNT token listing on the horizon, now is the perfect time to join the movement and help build the open cloud.

🚀️Coinbase’s Memecoin Frenzy Continues

Memecoins scoring Coinbase listings are outperforming the market. TURBO and GIGA, both of which listed on Coinbase last week, are both up more than 40% in seven days.

🐧Pudgy Penguin NFTs Soar on Token Plans

The floor price of Pudgy Penguins NFTs is at a new all-time high of $86,300 after rallying 71% in seven days. The bullish momentum was fueled by Pudgy Penguins announcing it will soon launch a token on Solana.

🚫United Kingdom Bans Pump.Fun

PumpFun, the booming memecoin launchpad, has blocked U.K.-based users from accessing the platform. The move follows the Financial Conduct Authority warning that PumpFun was offering unlicensed financial services to U.K. users last week.

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💡️Solana Developers Propose Block Limit Increase to Boost Performance

Solana developers are rallying behind a proposal to increase the block limit by 4%. The relatively small increase allows developers to study whether the move strains users’ hardware.

📊USDT Market Cap Soars To Record With Ethereum Crossing Tron as Main Hub

Ethereum has overtaken Tron to rank as the top network by USDT capitalization for the first time since July 2022. The milestone follows Tether minting one billion USDT on Ethereum on Dec. 5.

🌍 ELSEWHERE

MicroStrategy acquires another 21,550 bitcoin for roughly $2.1 billion (The Block)
Radiant Capital Says DPRK Actor Posed as Ex-Contractor to Pull Off $50 Million Hack (Decrypt)
FSOC's Still Worried About Stablecoins (CoinDesk)
Warren Will Have Significant Say in Selecting the Democratic SEC Commissioner (Unchained)