Welcome Back, Crypto Enthusiasts!

Remember that rough patch in 2022? 😬

Get this! 82% of millionaires with between $1.2m and $6m of investable assets still reached out for advice on crypto last year.

And!

Last week, crypto saw its largest inflow since July.  $117 million!

Is crypto finally mainstream? 

Here’s what we are bringing to you today: 

• Musk’s Twitter, Crypto Next?

• Mercury in Retrograde Causing Issues for Gemini Dollar? 

• SEC Vs. XRP: Is the End Nearing?

Twitter’s Getting Payments! Is Crypto Next?

It’s safe to say that Musk has made some memorable…umm...“statements” since joining Twitter.

Like this one…

But his newest pursuit could be a landmark move for crypto adoption. 

Twitter is now prepares to take on the likes of PayPal.

(A company Musk co-founded.)

Twitter has been applying for payment processing licenses across the U.S. and hiring developers to build a payment system.

Including a payment solution is part of Musk's plan to turn Twitter into an everything app” called X.

The most important bit for crypto enthusiasts like us is Musk saying the network could potentially support crypto in the future.

The biggest social media platform for crypto enthusiasts supporting crypto payments. 

That's a flex!

For now, though, the platform will only support fiat currencies. Regardless, the crypto community on Twitter is hyped, with Verasity blogger, ‘Bubbles

👾’

:

Mercury Still in Retrograde? Gemini Dollar Has Troubles… 

Stablecoins are one of the greatest oxymorons in the crypto world.

(they aren’t as stable as their names suggest)

Another ‘brave soldier’ is edging closer to a depeg: 🪖Gemini Dollar (GUSD) 

Upon being delisted from the OKX exchange, the USD-backed stablecoin appears to have lost its stability, trading as high as $1.01 and as low as $0.9851.

With GUSD

addresses

dropping to a 2020 low and the supply falling to around $607 million, OKX has decided to

delist

the stablecoin.

GUSD will be removed from OKX on February 1st due to users’ feedback and OKX's delisting policy. 

Bad timing… 

Gemini has had a rough go of it lately. The founders even took to Twitter to air grievances with their parent company (DCG). 

The delisting is just the cherry on top for Gemini.

On a lighter note, content cremator @xifxof shares another reason why the GUSD de-pegged. He

:

SEC Lawsuit Moving in Ripple’s Favor?

🐱Cats vs Dogs🐶|🦸DC vs Marvel🕷️|🌊Beach vs Mountains ⛰️

For the crypto world it’s: 🪙

Ripple vs SEC⚖️. 

(We’re really rooting for some good

Tom & Jerry-like cartoons to come out of this!)

Yesterday, both sides had one more hearing👂.

And the case appears to be tilting in Ripple's favor as it nears the end. 

At least, according to John Deaton, a crypto lawyer who stays bullish in Ripple’s regard. 

Why's he so confident?

He compares Ripple's case with SEC vs 

LBRY law-clash.

At that time, the SEC admitted in court that the judge's "order does not apply to secondary market sales.”

Ripple also has over 3,000 statements from creditors that the purchase of XRP was done for the utilization of the coin and not for the promise of returns. 

Aaaaand!

The belief that Ripple would win can be drawn from its 2022

Q4 market report

.

Ripple said it sold $226 million worth of XRP in Q4 of 2022 through its On-Demand Liquidity (ODL).

(If it's a security, there probably wouldn't be companies, industries, and governments buying XRP for cross-border money transfers.🤷)

A very optimistic digital asset investor, @digitalassetbuy shares his take on the lawsuit,

:

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That's you all up to date. But if you're hungry for more crypto news and insights, there's always more on our website.And feel free to reach out to us at [email protected] with any questions or comments.Until next time,DailyCoin Team