25029
We understand you don’t have time to go through long news articles everyday. So we cut the clutter and deliver them, in Short word . Admin: @Dennis_Trader
💰 Mt. Gox has shifted $364 million in Bitcoin to B2C2 this month
Mt. Gox, the bankrupt crypto exchange, has moved approximately $364.4 million worth of Bitcoin to crypto liquidity provider B2C2 Group this month, according to an analysis by Lookonchain. Lookonchain, citing data from Arkham Intelligence, reported that Mt. Gox has been transferring 200 to 300 BTC daily to B2C2 on weekdays since Bitcoin surged past $100,000 on Dec. 5. These consistent transactions suggest a structured approach to liquidating assets.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
📣 Elon Musk’s SpaceX uses stablecoins to hedge against foreign exchange risks
SpaceX uses stablecoins to dodge foreign exchange risks, Silicon Valley venture capitalist Chamath Palihapitiya said in the All-In podcast on Friday. Foreign exchange risk refers to the risk of losses that could arise from drastic fluctuations in a currency. For example, if a U.S. company has customers in Brazil that pay in Real (BRL), the company could stand to lose money when converting to U.S. dollars.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
🪙 Ethereum ETFs surge in December as inflows hit $1.66 billion, dominated by BlackRock's ETHA
Ethereum ETF inflows have accelerated significantly in December, with providers recording $1.66 billion in new investments, representing 74% of the $2.24 billion total inflows since inception. BlackRock's iShares Ethereum Trust (ticker ETHA) leads the pack, with inflows reaching a single-day high of $292 million on Dec. 5. This highlights the asset manager's continued influence in the crypto ETF space.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
📣 Bloomberg analysts expects ‘wave of crypto ETFs’ next year but some hurdles remain
A “new wave” of crypto exchange-traded funds (ETFs) is expected in 2025 as the regulatory landscape improves under the incoming Trump administration, according to Bloomberg Intelligence analysts. Bitcoin-Ethereum (ETH) combination products will likely lead the charge, followed by Litecoin (LTC) and Hedera Hashgraph (HBAR). However, legal and regulatory hurdles are expected to delay ETFs tied to Solana (SOL) and XRP, leaving their future uncertain.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Japanese lawmaker urges consideration of Bitcoin reserve in light of US efforts
Japanese lawmaker Satoshi Hamada has called on the government to explore the possibility of integrating Bitcoin (BTC) into its foreign exchange reserves, emphasizing its potential as a strategic asset amid growing global interest in crypto adoption. During a Dec. 11 parliamentary session, Yamada posed questions about Japan’s approach to crypto reserves.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Bitcoin recovers $100k price level as expectations of Fed rate cut rise
Bitcoin (BTC) briefly surpassed the $101,000 threshold after a 3% surge in the hours following November’s Consumer Price Index (CPI) numbers, which came within the 2.7% expectations. The rally has fueled investor confidence, with a 98% probability now assigned to a 25 basis point rate cut by the Federal Reserve next week, potentially bringing the US benchmark interest rate to 4.33%.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
🇺🇸 Crypto industry frustrated over possibility of SEC commissioner Caroline Crenshaw’s renomination
On Dec 11, the U.S. Senate Banking Committee will decide whether to renominate Caroline Crenshaw, a Democrat Securities and Exchange Commission (SEC) commissioner. Crenshaw has always been a staunch critic of cryptocurrencies and the crypto community is not happy with the prospect of her re-election.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Bitcoin flash crashes to $90,200 causing over $885 million in liquidations
Bitcoin’s (BTC) historic rally above $100,000 hit a roadblock on Dec. 5 as the flagship crypto fell back into five-figure territory, leaving a trail of liquidations across the market. BTC gave up almost all of the 24-hour gains that took it to a new all-time high of $103,679. It fell to a low of roughly $90,300 for the day before attempting a recovery. Bitcoin was trading at $95,500 as of press time amid heavy volatility, based on CryptoSlate data.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Fed chair Powell views Bitcoin as digital gold, not a dollar competitor
The Federal Reserve Chairman Jerome Powell dismissed the notion of Bitcoin as a replacement for the U.S. dollar, instead framing the leading crypto as a speculative asset comparable to gold. Powell shared his insights during an appearance at The New York Times DealBook Summit in Manhattan, emphasizing Bitcoin’s volatility and limited use as a form of payment or store of value.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 MicroStrategy’s Bitcoin treasury swells to 386,700 BTC en route to 4% of total supply
MicroStrategy has purchased a staggering 135,000 Bitcoin (BTC) in three transactions. These acquisitions amount to 35% of the company’s total BTC holdings and underline its ongoing commitment to Bitcoin as a core asset. On Nov. 25, the company disclosed its largest Bitcoin acquisition, buying 55,500 BTC for $5.4 billion. This purchase—detailed in a filing with the US Securities and Exchange Commission (SEC)— equates to an average price of $97,862 per Bitcoin.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Institutions using Bitcoin to support pension funds, adding BTC to loans
Newmarket Capital has completed a loan that combines traditional real estate financing with Bitcoin collateral, introducing a novel approach to lending reported on CNBC’s “Squawk Box” on Nov. 22. The loan refinances a 63-unit multifamily property in Philadelphia and incorporates 20 Bitcoin into the collateral package.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Bitcoin ETFs record over $1 billion inflow in 2 days as new price peak boosts investments
Bitcoin ETFs have attracted over $1 billion in inflows so far this week. Data from Nov. 18 shows total ETF inflows at $254.8 million, which surged to $816.4 million on Nov. 19. On Nov. 19, ARK’s ARKB led with inflows of $267.3 million, followed by Fidelity’s FBTC with $256.1 million and BlackRock’s IBIT with $216.1 million. These figures represent substantial increases from the previous day, where IBIT and FBTC recorded inflows of $89.3 million and $60 million, respectively.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Spot Bitcoin ETF options set to debut this week following OCC approval, analysts predict
The Office of the Comptroller of the Currency (OCC) stated in a Nov. 18 memo that it is “preparing for the clearance, settlement, and risk management” of options trading on BlackRock’s spot exchange-traded fund (ETF) iShares Bitcoin Trust (IBIT). Alison Hennessy, head of ETP listings at Nasdaq, said during an appearance on Bloomberg that the exchange intends to list and trade options on IBIT “as soon as tomorrow.”
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Bitcoin futures break records with 29% OI surge in November
Bitcoin’s futures open interest grew from $34.68 billion on Oct. 1 to an all-time high (ATH) of $54.85 billion on Nov.14. This increase of over 58% since the start of October and 29% since the beginning of November shows a significant influx of capital and increased trader participation.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 US Bitcoin ETFs now hold 1 million Bitcoin worth $96 billion
US-traded spot Bitcoin (BTC) exchange-traded funds (ETF) collectively hold approximately 1.07 million BTC as of Nov. 14, worth nearly $96 billion at current prices. Bloomberg ETF analyst James Seyffart highlighted that the ETFs might soon surpass Bitcoin’s pseudonymous creator Satoshi Nakamoto’s stash, estimated at 1.1 million BTC.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Metaplanet adds another 619 BTC to its holdings
Japanese Bitcoin-focused firm Metaplanet has significantly increased its crypto portfolio following its recent US market expansion. On Dec. 23, the company, listed on the Tokyo Stock Exchange and trading on the US OTCQX Market as MTPLF, said it acquired 619.70 BTC for 9.5 billion yen ($60.7 million). This purchase increases its total Bitcoin holdings to 1,761.98 BTC, currently valued at $169.2 million.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Marathon Digital warms 80,000 Finnish homes with heat generated from Bitcoin mining
Marathon Digital Holdings is redefining the narrative around Bitcoin mining by repurposing its excess heat to benefit communities in Finland. In a Dec. 20 statement on X, the company said it provides heating for approximately 80,000 residents through a forward-thinking approach that merges innovation and environmental responsibility.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Bitwise CIO downplays price ‘hiccup’ amid Bitcoin bull trend after FOMC shakes markets
Bitcoin’s price experienced a sharp pullback following the US Federal Reserve’s recent rate cut, but market experts like Bitwise CIO Matt Hougan remain optimistic about the asset’s long-term trajectory. On Dec. 18, the Federal Reserve announced a 25-basis-point rate cut, scaling back its outlook for 2024 to two cuts instead of the previously expected four.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 New fair value Bitcoin accounting rules go live paving way for corporate reserve adoption
The Financial Accounting Standards Board (FASB) has implemented its Fair Value accounting rule for crypto, effective Dec. 15, 2024. This update aims to address accounting and disclosure practices gaps for cryptocurrencies while enhancing transparency in financial reporting.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Alabama state auditor calls to establish Bitcoin reserve
State Auditor Andrew Sorrell has proposed that Alabama create a strategic Bitcoin (BTC) reserve to ensure its continued leadership in crypto adoption. He argued that such a move would diversify the state’s assets, attract crypto-focused businesses, and establish Alabama as a pioneer in the digital asset space.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
🪙 Ethereum community debates raising gas limits amid stability and security concerns
Toni Wahrstätter, a researcher at the Ethereum Foundation, has called for patience in addressing Ethereum’s block gas limit expansion, citing technical challenges in a Dec. 9 post. The discussion comes as the Ethereum community debates raising the gas limit, a change that could enhance network capacity but also pose risks to stability and security.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
🇦🇺 Australia intensifies crypto ATM oversight to curb money laundering risks
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has intensified efforts to enforce Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) regulations among crypto ATM providers. Despite the country having around 400 registered crypto exchanges, only a small portion operate crypto ATMs. This gap leaves a significant share of Australia’s 1,200 crypto ATMs potentially non-compliant.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
🌐 Join the Top Telegram Crypto News Channel: Cryptocurrency ↪ Inside! 🌐
Discover the latest in crypto:
- 📰 Up-to-Date News: Stay informed with the newest updates.
- 🔗 Onchain Analytics: Gain deep insights from blockchain data.
- 📅 Market Updates & Insights: Keep track of important market trends.
👥 Join Our Active Community: Engage with fellow crypto enthusiasts.
🔗 Join now: @Cryptocurrency_Inside
#CryptoCommunity #Blockchain #CryptoNews #MarketInsights 🚀🌐📈🔗📅
💰 Public Bitcoin miners underperform BTC and other proxies year-to-date
Bitcoin mining stock CleanSpark (CLSK) has gained 18% year-to-date, falling short of Bitcoin’s 121% rise over the same period. Analyst Caleb Franzen of Cubic Analytics highlights this discrepancy, questioning the effectiveness of investing in mining stocks for higher exposure to Bitcoin’s performance.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Cboe unveils cash-settled spot Bitcoin options tied to ETF index
Cboe Global Markets is set to launch the first cash-settled options tied to the price of spot Bitcoin (BTC), with trading set to begin on Dec. 2, according to a Nov. 22 press release. The landmark product aims to provide investors with exposure to spot Bitcoin price movements without directly holding the crypto. The launch comes days after US regulators gave Bitcoin options the final greenlight earlier this month.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Bitcoin dominance hits 57% as its price rises past the $90,000 level
Bitcoin's market dominance has reached a year-to-date high of 57%, reflecting bitcoin's growing share of the total cryptocurrency market capitalization. Bitcoin recently set a new all-time high above $90,000, contributing to the broader crypto market cap reaching $3 trillion. This level of dominance marks a significant shift from the previous cycle's low of 39% during the DeFi boom in May 2021.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
🌟 Join the #1 Crypto News Channel on Telegram: Cryptocurrency ↪ Inside! 🌟
Stay ahead with:
- 📰 Real-Time Updates: Get the latest news instantly.
- 🔗 In-Depth Analytics: Powerful blockchain insights.
- 📅 Market Trends: Expert analysis and forecasts.
Join our vibrant community and stay updated with our active Twitter feed. The only news source you need!
🔗 Join now: @Cryptocurrency_Inside
#advertising
💰 Crypto funds see $2.2 billion inflow, pushing 2024 total to $33.5 billion
Last week, digital asset investment products saw $2.2 billion in inflows, reflecting a broader market uptrend driven by Donald Trump’s recent victory at the just-concluded US presidential election. In the first half of the week, inflows peaked at $3 billion, lifting total assets under management (AUM) to an all-time high of $138 billion. However, Bitcoin’s record price performance during the period prompted an outflow of around $866 million, resulting in a net inflow of $2.2 billion.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Michael Saylor says bitcoin is 'Manifest Destiny' for the US amid Red Wave, with $100K NYE party plans underway
MicroStrategy co-founder and Executive Chairman Michael Saylor said bitcoin is “Manifest Destiny” in the United States, reflecting on the Republican U.S. election sweep, potential new pro-crypto Securities and Exchange Commission Chair and MicroStrategy’s plans to acquire another $42 billion worth of BTC.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 BlackRock’s Bitcoin ETF climbs to top 1% in record-breaking 211 days
BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed every exchange-traded fund (ETF) launched in the past decade in terms of total assets. On Nov. 13, Bloomberg’s ETF analyst Eric Balchunas reported that IBIT reached $40 billion in assets— just two weeks after hitting $30 billion. This achievement came in a record 211 days, almost 6x lower than the previous record of 1,253 days set by the iShares Core MSCI Emerging Markets ETF (IEMG).
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹