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We are the Ghostfi™ newsletter, where we'll keep you on top of all the latest crypto news. Because you need to stay ahead of the game or risk becoming as outdated as Blockbuster Video. So sit back, relax, and get ready to level up your crypto knowledge with our newsletter.

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Here’s what we have for you today:

• Fed Triggers Bitcoin and Crypto Flash Crash

• Hopes High For XRP As Resolution Of Key SEC vs Ripple Case Expected Anytime Now

• Vitalik dumps $700K worth of shitcoins that he never asked for

• Musk Inspired Shiba Inu (SHIB) Competitor Rises on New Crypto Exchange Listing

• Rookies’ Corner: What is Polygon? (Video) | Crypto Coin vs. Token (Video)

Fear & Greed Index

Fed Triggers Bitcoin and Crypto Flash Crash As Jerome Powell Declares Rates Could Rise Higher Than Expected

Well, well, well, U.S. Federal Reserve Chairman Jerome Powell sure knows how to make a splash in the markets. He dropped some inflation stats that suggested interest rates may go up more than anticipated, and boy did Bitcoin take a tumble. But fear not my dear crypto enthusiasts, BTC quickly bounced back like a hyperactive kangaroo on a trampoline. However, Bitcoin's relationship with the stock market is getting a little bit complicated these days. One minute, BTC is outperforming the S&P 500 like a boss, and the next minute, stocks are rising while Bitcoin takes a little dip in the pool. And let's not forget about the digital asset-friendly bank Silvergate, who's now questioning their life choices after the collapse of the crypto exchange FTX.

It's like watching a soap opera, but with more charts and graphs.

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Hopes High For XRP As Resolution Of Key SEC vs Ripple Case Expected Anytime Now 

Hold onto your hats because XRP prices have taken a giant leap forward today. Why, you ask? Because investors are crossing their fingers and toes that the Ripple/SEC lawsuit will finally come to an end in the coming weeks. Can you believe it? We could finally be seeing the light at the end of the litigation tunnel! And guess what? The chances of Ripple winning the case are apparently getting better by the day. Hallelujah!

According to one XRP devotee on Twitter, it's a "close win for Ripple on a purely mathematical basis." I don't know about you, but I always base my legal decisions on complex math equations.

And if you're wondering when we can expect this saga to finally end, XRP holders' lawyer predicts "could be tonight or in a couple of weeks." How's that for a specific timeline?

But let's not forget why this case is so important. If Ripple loses, it would set a terrible precedent for the entire crypto market. So, I don't know about you, but I'm on the edge of my seat waiting for this riveting legal drama to unfold. In the meantime, XRP is up 2.54%, so that's something to celebrate, right?

Vitalik dumps $700K worth of shitcoins that he never asked for

Vitalik Buterin strikes again! The man has truly mastered the art of offloading shitcoins for Ether. In his latest move, he managed to dump almost $700,000 worth of tokens previously airdropped to him. Bravo, Vitalik, bravo!

As expected, the low liquidity of these tokens meant that their prices plummeted like a rock after Buterin's massive sell-off. The biggest loser was SHIK, which dropped a whopping 86% according to CoinMarketCap data. But who cares about the poor SHIK holders anyway? They should have known better than to trust Vitalik's holdings.

This isn't the first time that Vitalik has decided to shake things up in the shitcoin market. Back in May 2021, he sold off tokens like Shiba Inu and Dogelon Mars (ELON) which resulted in price drops of 40% and 90% respectively. It's almost like he enjoys watching these tokens crash and burn!

Of course, some people in the crypto community were not happy with Vitalik's decision to sell, as it had a huge impact on the tokens' prices. But let's be real here folks. Vitalik isn't doing this for fun. He's just trying to avoid paying income tax on those airdrops. Can you blame him?

In any case, we can all rest easy knowing that Vitalik still has plenty of Ether to play with. Remember when he was accused of hoarding 75% of the supply of Ether with fellow Ethereum co-founder Joe Lubin during the token's pre-mining sale? Good times.

Musk Inspired Shiba Inu (SHIB) Competitor Rises on New Crypto Exchange Listing

Stop the presses! Floki Inu (FLOKI) is bouncing because a Korean crypto exchange decided to show it some love. Move over Shiba Inu (SHIB) and Dogecoin (DOGE), there's a new rival in town! FLOKI even broke into the top 100 crypto assets by market cap, can you believe it? The perpetual trading on DigiFinex is now live, so you can trade FLOKI with up to 100x leverage. And guess what? They even listed a FLOKI/USDC pair to make it more accessible to their users. How thoughtful of them! FLOKI was inspired by Elon Musk's puppy, so you know it's gotta be good. It's down 12.5% in the last week, but don't worry, it's up 5% in the last two weeks and a whopping 36% in the last 30 days. And get this, it's up 520% since January 1st! Who needs the rest of the crypto markets when you have FLOKI, am I right?

Even Binance's Trending Altcoin list can't get enough of it. And if that's not enough to convince you, the team behind FLOKI is teaming up with the second-largest decentralized finance (DeFi) ecosystem on the BNB Chain. So, all you FLOKI holders out there, get ready to borrow other crypto assets using your coins as collateral. The possibilities are endless!

Rookies’ Corner

Terms you want to know

💎🙌 Diamond Hands/Paper Hands  

Diamond hands and paper hands are terms used to describe the risk appetite of traders.

• A trader with diamond hands will hold on until the bitter end — regardless of market conditions. The term signifies a high appetite for risk. Traders with diamond hands don’t cave in and sell their tokens until the tokens have reached their full potential in the trader’s eyes

• In contrast, a trader with paper hands will sell their position at the first sign of trouble. In short, they panic sell. Traders with paper hands typically have a low-risk tolerance for high-volatility tokens and tend to exit their positions early in order to prevent losses

While diamond hands is a trading ethos commonly identified in long-term market participants, paper hands is an ethos more apparent amongst swing traders and day traders.

Phantom Press

Tether Responds to Allegations of Fake Documents, Says Reports Wholly Inaccurate and Misleading Tether is pushing back against a report that alleges those backing its stablecoin project falsified documents to remain connected to the banking world.

The Fed Is About To Crash Bitcoin and Crypto Markets, Says Analyst Nicholas Merten – Here’s Why A widely followed crypto analyst says that the actions of the U.S. Federal Reserve will crash Bitcoin (BTC) and the crypto markets in general.

Ancient Ethereum Whale Comes to Life, Transfers 10,266 ETH – Here’s Where the Crypto Is Going A long-dormant Ethereum (ETH) whale abruptly came to life over the weekend as the crypto markets continued to struggle.

Solana (SOL)-Based Altcoin Skyrockets 266% After Earning Support From Top Crypto Exchange 
A Solana (SOL)-based altcoin is exploding in price after earning surprise support from top Korean cryptocurrency exchange UpBit.

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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.