🌶️ Central African Republic launches a token

Trenches are not dead yet! The president of the Central African Republic has Tweeted a post announcing the launch of their national token. And the traders went crazy pumping it to $800 million in just a few hours. It currently trades at $60 million. Some speculate that it is fake and the video of the announcement was made using AI, but no such information was provided by the gov of CAR.

Also, we got a lot of rumors about upcoming airdrops, but none of these are confirmed yet. So we recommend staying aware and being very careful, never clicking suspicious links, and never ever connecting the wallet to websites you are not sure about.

📰 Crypto & Finance News

• North Carolina announced that it plans to create a strategic BTC reserve.

• Japan FSA looks into opportunities to redefine crypto as financial products, cut taxes, and approve Bitcoin ETFs.

• Saudi Arabia to allocate $14.9 billion to develop AI and become a regional leader.

• Public companies keep 622,735 Bitcoin currently worth more than $59 billion. Tesla alone holds 11,509 Bitcoins.

🪂 Airdrops & Opportunities

• OpenSea airdrop rumors have spread today, however, OpenSea Foundation says they are false. But it looks like the drama continues and token is really planned.

• Rumors about Pump Fun launching the token have spiked up during the weekend. However, one of the platform co-founders denies these claims.

🤡 Degen Section

•  David Portnoy shilled a token created by one of the Pump Fun users, called $JAILSTOOL, this weekend. At its peak, its market cap reached $200 million. Today it went down a lot and now sits at $30 million. David Portnoy hasn’t sold the tokens he holds yet.

• $FARTCOIN was the most bought token by smart money during the weekend.

🔒 Security

• The British cryptocurrency trader kidnapped in Spain after revealing what’s his occupation. A good reminder not to dox yourself!

🦁 Alpha & Insights

• MetaPlanet plans to buy 21,000 Bitcoin worth about $2 billion before the end of 2026.

• Klarna, a fintech startup worth $14 billion that has 85 million users worldwide, is looking for ways to step into crypto.

• More funds began to flow into the BNB Chain recently. It means more activity on BSC tokens could increase.

📈 Other Metrics & Numbers

• ETH shorts reach a record of all time.

• Gold price hits a new all-time high again, only after a few days of hitting ATH.

• Strategy, controlled by Michael Saylor, acquires 7,633 BTC more. It was worth around $742 million at the time of buying.

• The US Ethereum ETFs acquired 146,540 Ethereum worth $420 million last week.

😶‍🌫️ To Cheer You Up

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Disclaimer: The content of this newsletter is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and can involve significant risk. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. The opinions and information provided here are not a guarantee of future performance and should be considered carefully in the context of your personal financial situation.