Joining the overall recovery in the cryptocurrency market, Dogecoin reached a local peak of $0.107 in December. However, the drop in the value of DOGE earlier this week was associated with significant selling by Dogecoin miners. These miners are among the largest holders of the cryptocurrency.

Dogecoin miners are reportedly actively selling their holdings during the price spike. As of November 24, total DOGE reserves were DOGE 4 billion 670 million, while on December 12, this figure dropped to DOGE 4 billion 400 million.

$DOGE $BTC $SOL

#BTC
#CoinMarketCap
#doge
#million
#youteaser

What is Jito?
JITO is a liquid staking service developed on the Solana blockchain network. The service allows users to stake Solana (SOL) tokens and receive a liquid token, JitoSOL, in return. The special feature of JITO is that it distributes both staking rewards and MEV (maximum issuable value) rewards on the staked tokens. By partnering with validators that focus on improving network performance and offering extra MEV rewards, JITO offers its users opportunities for higher returns.

$JTO $SOL $BTC @CZ @JustinSun @TopCryptoNews

#btcusdt
#bitcoin
#jito
#youteaser

According to recent reports, the giant cryptocurrency exchange Coinbase is considering suing the US Securities and Exchange Commission (SEC) in the coming process. As of today, the SEC rejected Coinbase's petition regarding crypto regulations. It seems that Coinbase does not want to bow to this move of the SEC.

$BTC $JTO

#btc
#BTC🔥🔥
#sec
#Coinbase
#youteaser

While cryptocurrency markets started the new week with sellers, a small number of cryptocurrencies in the top 100 managed to stay in the plus. Today, Astar Network (ASTR) was the altcoin that diverged positively from the market with the South Korean effect.

$ASTR $BTC

#ASTR
#network
#Bitcoin
#youteaser

BONK, which has risen 20-fold in the last month, is now preparing to take its place on the Binance exchange after Coinbase. Although the altcoin's price has been on a steady upward trend with the support of these listings and SOL's big exit due to being Solana-based, on-chain data platform Santiment issued a FOMO warning.

#fomo
#warning
#solano
#btc
#youteaser

$BONK

Nansen's NFT-500 and Blue-Chip-10 indices remained almost flat after $3 million worth of NFTs were stolen from trading platform NFT Trader.

The NFT-500 index fell 0.88 percent in ether (ETH), while the Blue-Chip-10 index fell 0.51 percent. The hacker who stole $3 million worth of NFTs demanded a ransom of 120 ETH ($260 thousand dollars) for the return of assets.

Fortunately, thanks to the efforts of the decentralized autonomous organization (DAO) Boring Security, almost all of the stolen collection was recovered.

DAOs are organizations governed by codes instead of leaders. NFTs are crypto-assets that give players and collectors ownership over their digital items.

Although the hack did not have a major impact on the market, the NFT-500 index has fallen 49 percent and the Blue-Chip-10 index has fallen 45 percent since the beginning of the year.

$BNB $BTC $SOL

#Binance
#bitcoin
#ETH
#Solana
#youteaser

The CEO of VanEck said that historic highs are expected for Bitcoin ahead of a possible interest rate cut by the US Federal Reserve

$BTC $ETH $SOL

#BitcoinETF
#solano
#Ethereum
#BinanceSquare
#youteaser

The cryptocurrency sector is abuzz with the potential approval of the first US-based spot Bitcoin Exchange Traded Fund (ETF), which experts believe could significantly impact the price of Bitcoin. This anticipation comes as the market prepares for Bitcoin's fourth halving event, scheduled to take place in early 2024, which has historically been associated with an increase in the value of the digital currency.

The approval of a spot Bitcoin ETF is expected to reshape cryptocurrency investments by offering retail investors improved trading execution and lower fees. This development could force existing cryptocurrency exchange platforms such as Coinbase to adapt their business models. Coinbase has already begun to diversify its revenue sources by expanding beyond the traditional transaction fee structure into subscription services and other offerings.

The launch of the Spot Bitcoin ETF is expected to attract new investments and provide easier access for individuals looking to enter the crypto market. Unlike other financial instruments that provide indirect cryptocurrency exposure, such as derivatives or stocks of crypto-related companies, the proposed ETF will allow direct investment in the digital currency itself.

As the next Bitcoin halving event approaches, there will be an important question about its impact on miners. The halving will reduce the mining rewards they receive for verifying transactions. It remains to be seen whether the reduced output will affect miners' incentives to continue participating in the Bitcoin network. Watching how miners react as rewards decrease will provide insight into the resilience of the Bitcoin network.

$BTC $JTO $ACE

@CZ
@JustinSun
@ErnestAcademy

#bitcoin
#ace
#Binance
#topnews
#youteaser

The competition over who will build the layer-2 blockchain of the Celo network continues to heat up.

Nina Rong, Arbitrum Foundation's head of ecosystem development, presented a proposal to the Celo community on Tuesday, suggesting that Celo choose the Orbit technology stack, which develops customizable layer-2 and layer-3 chains based on Arbitrum's optimistic technology.

In July, Celo was planning to upgrade its layer-2 network with Optimism's OP Stack, a similar stack also based on "optimistic" technology. But then the competition was joined by zero-knowledge technology stacks from Polygon and Matter Labs.

The team explained that they are giving community members time to evaluate which is the best stack, so the evaluation process could take until mid-January.

"The Arbitrum Foundation and Celo's mission to build a financial system for everyone is highly aligned," Rong said in his proposal.

Celo Labs, the main developer behind the network, posted an announcement on its discussion-forum page this week saying that the team has "started working on technical evaluations."

"We focus on learning and exploring first. We need time to understand each stack and how they are formed, and to prepare ourselves for these technologies and ongoing developments."

$ARB $OP

#bitcoin
#ARBİTRUM
#Optimism
#youteaser
#btc

Joseph Moldovan, head of the restructuring and governance practice at Morrison Cohen, a New York-based law firm, says FTX selling assets and paying based on then-current prices would reduce complexity and speed up the process.

*Stay tuned for updates!

$FTT

#btc
#usdt
#ftx
#ftt
#youteaser