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If Crypto Was A Space Marine Chapter

The Emperor Satoshi Protects, $40k, has arrived. ⚔️

Bitcoin is pushing ahead towards the $42k level now, but the altcoin market has shaved off a good chunk of its intraday gains, some even turning negative. 

We’re starting off today’s Litepaper with a short Technically Speaking over Bitcoin’s monthly chart. 

Also on deck: Coinbase CEO’s post regarding cryptos place with fiat, one of Brazil’s biggest banks offering BTC and ETH, and what Space Marine chapter your crypto would be. 

Here’s how the market looked at the end of the trading day: 

Bitcoin (BTC) $41,872 4.74%
Ethereum (ETH) $2,230 1.71%
Total Market Cap $1.51 Trillion 3.03%
Altcoin Market Cap $689 Billion 0.95%
Stacks (STX) – Biggest Winner
Render (RNDR) – Biggest Loser $3.67 -5.32%

Technically Speaking – December 4, 2023 Featured Image

The biggest question on the minds of crypto investors and traders is: how much longer can the rally go? 🤔

Bitcoin’s monthly chart can give us a pretty good idea of where a halt may occur – if one does.

The next resistance zone for $BTC is also the final resistance level on the monthly chart. 

The top of the Cloud (Senkou Span A) and the Kijun-Sen both sit near the $42,000 value area – the exact level where Bitcoin finds some difficulty moving above. 

There’s plenty of December left, so we’ll keep a close eye on what Bitcoin is doing as the end of the month approaches. 👁️

Crypto’s Harmony With The Dollar, Not A Rivalry Featured Image

$COIN‘s main man, Brian Armstrong, is stirring the financial pot with a fresh take: $BTC‘s not here to knock the USD off its perch; it’s here to help it out. 🪙

In Armstrong’s eyes, Bitcoin can help traditional currencies like the Dollar, Yuan, and Euro shake off their inflation woes. He’s betting on people warming up to crypto as their go-to inflation shield.

But Armstrong’s tune isn’t about a crypto takeover. He’s all about crypto and fiat currencies holding hands and skipping together into the financial sunset. ☀️

BTC And ETH Get A Brazilian Banking Buddy: Itau Unibanco Featured Image

Brazil’s largest lender, Itau Unibanco, has rolled out a cryptocurrency trading service, initially spotlighting $BTC and $ETH. This move marks the bank’s grand entrance into the bustling world of digital assets. 🏦

Guto Antunes, the mastermind behind Itau’s digital assets, shared with Reuters that this is just the beginning. “Bitcoin first, but we’ve got our eyes on a broader crypto horizon,” he hinted. 

Itau’s not the only one grooving to the crypto beat. Banks worldwide are catching the blockchain bug. HSBC has integrated blockchain into its operations, while European banks like Commerzbank and Societe Generale are responding to the growing appetite for digital currencies. Germany’s DZ Bank is also prepping a digital asset custody platform.

And let’s not overlook Robinhood, the finance world’s maverick, expanding its reach to European and UK traders.

As one of Brazil’s banking giants, Itau’s embrace of Bitcoin and Ethereum is more than just a trend; it’s a testament to the growing influence of digital currencies in the mainstream financial sector. 💱

If Your Crypto Was A Space Marine Chapter Featured Image

  1. Bitcoin – Ultramarines: The Ultramarines are the poster boys of Warhammer 40k, much like Bitcoin, which is the face of the cryptocurrency world. Both are leaders, widely recognized and set the standard for those who follow. Oh, and the Avenging Son is back, baby. 

  2. Ethereum – Blood Angels: Ethereum, with its smart contracts and dApps, is akin to the Blood Angels – sophisticated, artistic, and somewhat enigmatic. And their fan base acts like a bunch of crazy bastards when provoked.

  3. XRP – Imperial Fists: Known for their stoicism and defensive prowess, the Imperial Fists are a good match for XRP. More than any other crypto, they’ve played defense against the SEC for years. 

  4. Solana – White Scars: Speed is the name of the game for both Solana and the White Scars. Just as Solana boasts fast transaction times, the White Scars are known for their rapid strikes and hit-and-run tactics. Also, the White Scars and Solana tend to go too fast at times and end up breaking down and messing some stuff up they didn’t mean to. They’re fast but messy. 

  5. Cardano – Salamanders: Cardano, with its emphasis on sustainability and peer-reviewed research, aligns well with the Salamanders. They’re both concerned with the greater good and have a strong sense of community. And Charles Hoskinson is probably a Perpetual. 

  6. Dogecoin – Space Wolves: $DOGE’s logo is a dog, and the Space Wolves of Fenris are wolves, so, ya, it makes sense. The Emperor’s executioners are a good fit for the dogearmy because for years, people have said Doge is dead, but Doge traders and investors have a habit of obliterating short sellers in one massive sweep. 

  7. Tron – Iron Warriors: Tron, with its focus on entertainment and content creation, shares traits with the Iron Warriors. Both are known for their siege warfare tactics – relentless and focused on the long game. And Justin Sun is kind of like the Primach of the Iron Warriors, Perturabo. Sun has a habit of taking over various projects, absorbing them very quickly, and then killing them. They’re still around; they’re just not doing anything because they’ve been purged like Perturabo’s conquering. 

  8. Chainlink – Raven Guard: Chainlink’s role in securely connecting smart contracts with off-chain data is akin to the stealth and intelligence gathering of the Raven Guard. They both operate in the shadows, linking vital information. And just as the Raven Guard go right in, blow stuff up, win, and then vanish with none the wiser. $LINK kind of does the same thing. Chainlink leads rallies, but without all the fanfare and people noticing that something is happening right before their eyes. 

  9. Avalanche – Dark Angels: Mysterious and somewhat secretive, Avalanche is like the Dark Angels. Both have a complex structure and a dedicated following, with a hint of mystery surrounding their inner workings. Oh, and their Primarch is back, too. 

  10. Monero – Alpha Legion: Now, Monero steps into the role of the Alpha Legion. Known for its privacy and security, Monero is the master of secrecy and subterfuge, much like the enigmatic and covert operations of the Alpha Legion. Is the Alpha Legion playing a multi-millennia-long game for the Emperor while posing as a dirty trailer Legion? Who knows. They’re badass, though. No other privacy-based crypto has a standing $625,000 bounty to crack Monero’s code. 


Bullets From The Day:

📈 El Salvador’s Bitcoin Bet Turns Profitable: President Nayib Bukele is all smiles as El Salvador’s Bitcoin gamble finally pays off. With BTC soaring above $42,000, the country’s investment is now up by about $4.1 million. Holding 3,144 Bitcoin tokens, El Salvador’s strategy is a long game, with no plans to sell despite the recent profitability. Bukele’s message to the critics? It’s time to acknowledge the wins as much as the losses.

🏦 Secures UK EMI Authorization: is stepping up its game in the UK, bagging an Electronic Money Institution (EMI) license from the Financial Conduct Authority (FCA). This move cements’s position as a digital asset leader and aligns it with the UK’s stringent regulatory standards. Expect a range of e-money products to hit the UK market soon as expands its services and trustworthiness in one of the world’s key financial hubs.

⛏️ Riot Platforms’ Massive Mining Machine Purchase: Riot Platforms is going big in the Bitcoin mining game, purchasing over 66,000 MicroBT M66S machines for a cool $290.5 million. This move is set to boost Riot’s mining capacity to over 100 exahash per second (EH/s), making it a heavyweight in the crypto mining sector. With the next Bitcoin halving on the horizon, Riot’s bold strategy could set a new standard in the competitive mining landscape.

🎨 NFT Market Sees Surge in Trading Volume: The NFT market is buzzing again, with a significant spike in activity, especially on the Blur marketplace. Ethereum-based NFT trading hit $605 million in November, nearly doubling from October’s volume. Blur now dominates the scene, accounting for almost 80% of Ethereum-based NFT trades. Meanwhile, OpenSea’s market share has dipped to around 17%. The NFT sector is witnessing a shift, with Blur leading the charge and Solana-based marketplaces also gaining traction.

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