Hello, this is Coinscript.

In today’s episode:

• ✍️ The Big Countdown to 500,000 Bitcoins

• 1️⃣ DeepSeek says he didn't do it 👀

• 2️⃣ KuCoin exchange pleads guilty, must exit from the U.S. market

Note from Coinscript’s editors

Yesterday, we ran a poll, giving you a chance to vote on our content length.

Let’s just say that short content won by 83% …

So, here is what we are going to do:

We are shortening our daily Scripts and planning to post expanded articles on our website for readers who want to dive deep into certain topics (coming in the future).

Talk to you soon!

TOP STORY

The Big Countdown to 500,000 Bitcoins

Some of you probably already know who we are talking about.

But for the ones who don’t… It’s Michael Saylor and his company MicroStrategy.

They have been acquiring Bitcoin each Monday since 11th November 2024.

Their current holdings?

471,107 Bitcoins!

If they keep up with this pace, they should surpass the magical number of 500,000 Bitcoins by the end of February.

Why is this important?

No matter what happens in the market, Saylor and MicroStrategy “buy the dip” each Monday, pushing the price up.

And we absolutely love it!

HONORABLE MENTIONS #1

DeepSeek says he didn't do it 👀

Remember yesterday’s story about DeepSeek and how it tanked the U.S. stock and crypto market?

Well, we decided to investigate further and went directly to the source and asked:

Well, let’s just say that he got scared of the good ‘ol Script team and is not cooperating!

HONORABLE MENTIONS #2

KuCoin exchange pleads guilty, must exit from the U.S. market

Cryptocurrency exchange KuCoin pleaded guilty in Manhattan federal court on Monday and agreed to pay nearly $300 million to settle allegations.

The allegations?

• Operated as an unlicensed money-transmitting business in the U.S.

• Failed to comply with U.S. anti-money-laundering laws, including:

• Facilitated transactions involving illicit proceeds:

• Accused of providing spot and derivatives trading services to U.S. customers without proper authorization.

• Allegedly violated the Bank Secrecy Act, although this was not admitted in the settlement.

Also, they were ordered to leave the U.S. market for the next two years.

Its U.S. users can still withdraw their funds but are banned from trading on the platform.

So, if you are a KuCoin user, based in the U.S., we would hurry up. You don’t want to stay without your funds!

Also, remember! You wouldn’t have this problem if you had your funds in a crypto wallet!

Meme of the Day 🤣

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.