Hola Amigos,

“A wise person should have money in their head, but not in their heart.” 

Jonathan Swift.

Ok, let’s see what today has in store for us.

• 👑 Bitcoin Dominance Reclaimed

• 🇯🇵 Web3 Waves in Japan

• 🇦🇺 Aussie Youth's Crypto-Craze

👑 Bitcoin Strikes Back: Dominance Hits 50%, First Time in Two Years

Bitcoin dominance has soared above the 50% mark for the first time in two years, capturing over half of the total cryptocurrency market capitalization. 

An 11% increase in dominance since November indicates a significant investor shift from altcoins to Bitcoin. The old switcheroo! ♻️This move correlates with the FTX crash and a stiffer regulatory environment by the US Securities and Exchange Commission (SEC) towards crypto companies. Bitcoin super-fan and MicroStrategy founder Michael Saylor predicts that Bitcoin's dominance may surge beyond 80% due to escalating regulation against stablecoins and other cryptocurrencies. He’s never been one to shy away from Bitcoin bolstering! 🗣️The rollercoaster ride of Bitcoin dominance reflects cryptocurrencies' dynamic ebb and flow.

 🤔 Why Should You Use Kraken Exchange? 

Kraken is a popular cryptocurrency exchange that offers a wide range of features and services. Some of the reasons why people choose to use Kraken include:

• Strong Security

• High Liquidity

• Competitive Fees

• Excellent Customer Support

• Great Educational Resources

You can easily buy crypto with credit and debit cards along with bank/wire transfers.You can either sign up on the Kraken website or download their iOS or Android mobile app.

🇯🇵 Mitsui Enters Web3 Realm, Partners with Animoca Brands

Tokyo-based trading conglomerate Mitsui, boasting over $114 billion in assets, and Hong Kong's Animoca Brands have joined forces to promote Web3 adoption in Japan. 

They aim to create a new business focusing on Web3 development, echoing increased attention from the Japanese government and Japan Business Federation on Web3's potential to bolster the national economy. The partnership intends to address societal issues, establish joint ventures, and develop collaborative businesses. Full on send mode! 🚀Already a digital asset pioneer through real estate tokenization, Mitsui now forges deeper into Web3. Animoca Brands, revered as a Web3 leader and investor in over 450 Web3 companies, strengthens its Asian market presence amidst rising crypto regulatory scrutiny in the United States. 🙈Gotta be in it to win it!Mitsui's leap into the Web3 universe illustrates the continual weaving of blockchain into the fabric of global finance.

 🇦🇺 Young Aussies Embrace Crypto Despite Risk Aversion

A recent Australian Securities Exchange (ASX) study reveals an intriguing paradox. 

Despite being risk-averse and favoring stable returns, approximately 31% of young Australian investors (aged 18 to 24) have delved into cryptocurrencies. This "crypto-contradiction" is attributed to a fusion of tech-savviness, social media influence, and a desire to deviate from their parents' investment strategies. 🧭It’s generational change, baby!!Although these younger investors have a median crypto holding of $2,700, representing a 6% portfolio weight, the mantle of largest overall crypto holders belongs to the 25 to 49 age group. 🤑This "wealth accumulator" group accounts for a whopping 69% of the total digital asset investment, proving that cryptocurrency has bridged the gap between caution and curiosity across multiple generations in Australia.If that doesn't deserve an extra prawn on the BBQ, I don't know what does!

DailyCoin Daily Meme

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