🟣 Trump’s pro-crypto pledge could see day-one executive orders, industry players hope

As President-elect Donald Trump prepares to take office, the U.S. crypto industry anticipates the issuance of pro-crypto executive orders on his first day. Industry leaders hope for initiatives like establishing a Bitcoin strategic reserve, improving access to banking services for crypto firms, and creating a regulatory council for the sector.

Key figures in Trump's administration, such as Stephen Miran and Paul Atkins, have been nominated to influential positions, signaling a shift towards a more favorable regulatory environment for cryptocurrency. Insiders believe that these measures could counter the current administration's regulatory approach and promote innovation in the U.S. crypto landscape.

#MarketRebound

❕ Michael Saylor Makes Bitcoin Advice to Amazon Founder Billionaire Jeff Bezos

Michael Saylor, a prominent Bitcoin advocate, suggested that Amazon founder Jeff Bezos should invest in Bitcoin, particularly in light of rumors about an extravagant $600 million wedding. Saylor noted that with that amount, Bezos could purchase a significant quantity of Bitcoin.

However, Bezos denied the wedding cost claim, stating it was false and implying that no wedding was planned. He also commented on the nature of misinformation, referencing a quote from Mark Twain about the rapid spread of lies. Despite Saylor's advice, Bezos's focus appears to be on clarifying the inaccuracies surrounding the rumors.
#CryptoWatchMay2024

🚨 More Pain Likely, Market Expert Says After Bitcoin's Biggest Loss Since August

Bitcoin experienced its largest drop since August, falling 8.8% to nearly $95,000 last week. Market expert Andre Dragosch from Bitwise warns that further losses may be on the horizon, attributing the downturn to the Federal Reserve's cautious stance on rate cuts amid tightening financial conditions and rising inflation.

Despite this, Dragosch sees potential buying opportunities due to Bitcoin's ongoing supply deficit. He notes that the Fed's reluctance to aggressively cut rates could lead to a prolonged risk-off sentiment in the market, further impacting cryptocurrencies. The current economic climate mirrors inflationary pressures seen in the 1970s, raising concerns about a potential resurgence of significant inflation.
#CryptoWatchMay2024

President-elect Trump nominates pro-Bitcoin Stephen Miran to lead his Council of Economic Advisers.

#BTCOutlook

🚨 Michael Saylor Reveals Strategic Bitcoin-Based Digital Asset Policy for US

Michael Saylor, co-founder of MicroStrategy, has proposed a strategic digital asset policy aimed at strengthening the U.S. dollar and enhancing the economy through Bitcoin and other digital assets. His framework, outlined in a document titled "Digital Assets Framework, Principles, and Opportunity for the United States," categorizes digital assets into groups such as digital commodities (like Bitcoin), digital securities, and digital tokens with utility.

Saylor emphasizes the need for a robust regulatory framework to ensure accountability among market participants and to promote confidence in digital asset markets. He believes this policy could help neutralize national debt and position the U.S. as a leader in the digital economy, potentially generating significant economic growth. Recently, MicroStrategy was added to the Nasdaq 100, reflecting its success in accumulating Bitcoin as a key part of its strategy.
#CryptoTrends2024

❕ Hailey Welch 'Fully Cooperating' With Lawyers Suing Over Failed HAWK Crypto

Hailey Welch, known for her viral presence as the "Hawk Tuah girl," is cooperating with lawyers representing investors who lost money in the failed HAWK cryptocurrency. Following the token's collapse shortly after its launch in early December, allegations arose that insiders profited at the expense of buyers.

Welch stated her commitment to uncovering the truth and encouraged affected investors to reach out to the law firm pursuing a lawsuit against the creators of HAWK, which is accused of violating securities laws. This controversy has impacted Welch's rising career as a content creator, as she previously lent her likeness to the HAWK project for a fixed fee, without guarantees of future earnings.
#CryptoTrends2024

🚨 Dogecoin's 11% Drop Leads Losses in Crypto Majors as Bitcoin Sours Festive Mood

Dogecoin (DOGE) experienced an 11% drop, leading losses among major cryptocurrencies as Bitcoin (BTC) also declined by 4.2%. This marks the third consecutive day of losses in the crypto market, attributed to overly bullish sentiment and profit-taking following the recent FOMC meeting.

Analysts from QCP Capital noted that the market's previous optimism left it vulnerable to sell-offs, particularly after the Federal Reserve signaled fewer rate cuts than expected for 2025. Other cryptocurrencies like Ethereum (ETH) and Solana (SOL) saw declines of up to 9%. The CoinDesk 20 index, which tracks major tokens, fell 5.5%, with significant liquidations in the futures market.

Historically, December is seen as a bullish month for Bitcoin, but the recent downturn has raised concerns about market stability.

#MarketPullback

🚨 Tether Takes $775M Stake in Video-Sharing Platform Rumble; RUM Shares Soar 41%

Rumble, a competitor to YouTube, has secured a $775 million strategic investment from Tether, the issuer of the USDT stablecoin. Of this amount, Rumble plans to allocate $250 million towards operations and use the remainder for a tender offer to buy back up to 70 million shares at $7.50 each.

Rumble's CEO, Chris Pavlovski, expressed confidence that Tether's involvement will significantly boost Rumble's growth. Tether's CEO, Paolo Ardoino, highlighted the opportunity for Rumble to provide an uncensored alternative to traditional media, stating that Tether intends to explore advertising, cloud services, and cryptocurrency payment solutions in collaboration with Rumble. Following the announcement, Rumble's stock surged 41% in after-hours trading.
#CryptoTrends2024

🚨 Hawkish Fed Has Bitcoin Market Feeling Most Fearful in 3 Months

The Bitcoin market is experiencing its strongest bias for downside protection in three months, driven by hawkish remarks from the Federal Reserve. Following a recent interest rate cut, Chairman Jerome Powell expressed caution about future easing, which has dented bullish sentiment among traders. Data shows that put options are trading at their highest implied volatility premium relative to call options since September, indicating heightened demand for downside protection.

As Bitcoin prices dropped from around $105,000 to under $99,000, traders have been scrambling to hedge their positions. The Fed's projections now suggest only two rate cuts for 2025, down from earlier expectations, contributing to a negative sentiment in the market. Currently, Bitcoin is trading around $101,200, trying to recover from earlier losses.
#CryptoTrends2024

💎 Bitcoin's Nosedive to Under $100K Shaves $700M Crypto Longs, XRP Drops 5%

Bitcoin experienced a significant drop, falling below $100,000, which triggered over $700 million in liquidations across crypto futures, particularly affecting long positions. This downturn was influenced by comments from Federal Reserve Chair Jerome Powell regarding interest rate cuts and the implications of President-elect Donald Trump's potential Bitcoin policies.

Other cryptocurrencies like XRP and Dogecoin also saw declines of around 5.5%. The market reaction suggests a possible peak, as traders reassess expectations of a continued rally, while some analysts remain optimistic about the long-term outlook for crypto in 2025.
#CryptoTrends2024

🔹 Bitcoin Takes a Breather After Doji Candle in a Cautious Pre-Fed De-Risking

Bitcoin (BTC) is experiencing a pullback after a period of indecision marked by a Doji candle pattern. Following a record high of over $108,000, BTC traded around $103,750, reflecting a 2% decline. This selling pressure is attributed to traders de-risking ahead of the Federal Reserve's anticipated rate cut announcement.

Analysts expect the Fed to signal three rate cuts for 2025, down from an earlier projection of four. The cautious sentiment in the crypto market is fueled by these hawkish expectations, despite the overall trend of easing still being favorable for risk assets. Other cryptocurrencies, such as XRP, SOL, and ETH, are also seeing similar declines, indicating a broader market correction.
#CryptoTrends2024

🚨 Next U.S. Senate Banking Chair Calls Crypto 'Next Wonder' of World

Senator Tim Scott, the incoming chair of the U.S. Senate Banking Committee, expressed strong support for cryptocurrency, calling it the "next wonder of the world" during a recent event. He announced plans to prioritize crypto legislation, emphasizing the need for regulatory frameworks to foster innovation in the sector. Representative French Hill, the next chair of the House Financial Services Committee, anticipates that significant crypto legislation could be passed in 2025, but it will require bipartisan support to succeed in the Senate.

Scott intends to create a digital assets subcommittee, marking a shift from the more skeptical approach of his predecessor. Both lawmakers highlighted the Financial Innovation and Technology for the 21st Century Act (FIT21) as a key legislative starting point, and they acknowledged the importance of working with the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) on regulatory matters. The overall sentiment in Congress is shifting positively towards crypto, with expectations for more comprehensive legislation in the near future.
#CryptoTrends2024

US Senator Cynthia Lummis says "2025 will be the year for Bitcoin & digital assets."
#CryptoTrends2024

❕ Ripple’s RLUSD Stablecoin Attracts Frenzy Bids for 800 XRP Ahead of Release

Ripple's upcoming RLUSD stablecoin is generating significant interest, with bids reaching up to 836 XRP (approximately $2,068) on on-chain marketplaces ahead of its launch on the XRP Ledger. Despite being pegged to $1, speculators are eager to secure early access, leading to inflated bidding prices. Ripple's CTO, David Schwartz, noted that some bidders might be willing to pay high prices for the novelty of holding the first RLUSD tokens.

The stablecoin will officially go live on Tuesday, with listings on several exchanges, including Uphold and MoonPay. While initial trading may see price fluctuations due to limited liquidity, each RLUSD token will ultimately be redeemable
#CryptoTrends2024

🚨 Revolut to Strengthen Crypto Fraud Protections With Added Security, Risk Scores

Revolut plans to enhance fraud protection for its crypto customers by extending its Revolut Pay service starting in 2025. This service will incorporate features like know-your-customer (KYC) name matching, fraud warning screens, proof of crypto delivery, and transaction risk scoring for crypto merchants. A pilot program revealed that crypto customers experienced about 50% fewer fraud attempts when using Revolut Pay.

The initiative aims to address the heightened risk of fraud in the crypto space, which includes identity theft and phishing scams. Revolut's system will assess transaction risk based on user behavior and trading history, allowing for increased security measures while balancing user experience. The changes are part of Revolut's broader strategy to provide safer transaction methods for crypto purchases.
#CryptoTrends2024

🚨 British Columbia Maintains Bitcoin Mining Ban Despite Vancouver's 'BTC-Friendly City' Motion

British Columbia is maintaining its ban on new bitcoin mining connections until December 2025, despite Vancouver's City Council passing a motion to explore becoming a "bitcoin-friendly city." The ban, initiated in December 2022 to address energy concerns, was upheld by the B.C. Supreme Court after a legal challenge from Conifex Timber, which argued the ban was discriminatory.

The provincial government, relying heavily on hydroelectric power, plans to regulate cryptocurrency mining directly through updated legislation. While Vancouver's motion highlights potential financial benefits of bitcoin mining, it cannot influence provincial regulations governed by BC Hydro. The provincial Green Party has called for similar energy regulations for other high-energy industries, raising questions about future energy policies.
#CryptoUsersHit18M

🚨 Bitcoin Soars to Record High Above $106K, Then Retreats as Hawkish Fed Rate Cut Looms

Bitcoin (BTC) briefly soared to over $106,000, setting a new all-time high, before dipping back to around $104,500 amid concerns about the upcoming U.S. Federal Reserve (Fed) rate cut. The Fed is expected to lower the benchmark borrowing rate by 25 basis points, totaling a 100 basis point easing since September. However, there are worries that the Fed's accompanying commentary may temper expectations for further rate cuts, potentially dampening the bullish effect of the announcement.

The Fed will reveal its rate decision, projections, and economic forecasts on December 18, followed by a press conference with Fed Chair Jerome Powell. Analysts predict that the Fed may adjust its projections for future cuts due to a stronger economy and persistent inflation.

Despite potential challenges from a "hawkish" cut, seasonal trends are favorable for Bitcoin, and positive regulatory signals from President-elect Trump could mitigate short-term impacts. Additionally, ongoing rate cuts from the Fed and expected easing from China support Bitcoin's bullish outlook. Later this week, markets will also receive the core PCE reading, which may indicate whether recent inflation increases are temporary or signify a broader trend.
#CryptoTrends2024 #MarketNewHype

👨‍💻 Ether Volume Overshadows Bitcoin on HyperLiquid as Platform Activity Hits $500B

HyperLiquid, an on-chain perpetuals trading protocol on its custom layer 1 blockchain, is achieving significant milestones, notably seeing more trading activity in ether (ETH) than in bitcoin (BTC). The platform's cumulative perpetuals volume has surpassed $500 billion, reflecting a remarkable 15-fold increase year-to-date. Recently, it has averaged over $5 billion in daily volume, accounting for more than 45% of total on-chain perpetuals market activity.

This week, ether perpetuals registered a cumulative trading volume of $7 billion, outpacing bitcoin's $5.94 billion. Ether also leads in cumulative notional open interest on the platform, with $857.5 million active, representing nearly 25% of a total of $3.49 billion.

HyperLiquid's success is attributed to its focus on product-market fit, combining institutional-grade performance with DeFi accessibility, such as no KYC requirements. The platform offers incentives for active traders, which aligns with user needs.

Additionally, the recently launched HYPE token has surged over 300% since its introduction, reaching a market value of $5.69 billion, surpassing established DeFi protocols like Aave. This surge follows a record airdrop and indicates strong investor confidence, as demand for HYPE has consistently outpaced supply. The airdrop distributed 31% of HYPE's total supply, valued at $1.9 billion, highlighting the token's role in securing the platform's consensus mechanism and facilitating transactions.
#CryptoTrends2024

🚨 Polygon DAO Weighs $1.3B Stablecoin Deployment to Generate $70M Annual Yield

A community cohort within the Polygon DAO is considering a proposal to utilize over $1 billion in idle stablecoin reserves held on the Polygon PoS Chain bridge to generate yields. The bridge currently holds around $1.3 billion in stablecoins, representing a potential annual opportunity cost of about $70 million due to their inactivity.

The proposal suggests using Morpho Labs' vaults to manage USDC and USDT, targeting a conservative 7% annual return through investments in high-quality collateral. The yield generated would be reinvested into the Polygon ecosystem to foster growth.

If the initial community check approves the idea, separate proposals will be required for the deployment of each asset—DAI, USDC, and USDT—into decentralized finance (DeFi) protocols. Meanwhile, Polygon's POL token has seen a 5% decline in the past 24 hours, reflecting a broader downturn in the crypto market.
#CryptoTrends2024

🔹 Larger Cohorts Than U.S. ETFs or MicroStrategy Are Dictating Bitcoin Price: Van Straten

Since Donald Trump's election victory on November 5, bitcoin (BTC) has surged from $67,000 to around $100,000, accompanied by a significant increase in trading volume. Bitcoin's total trade volume has surpassed $100 billion, with futures trading reaching an all-time high of about $120 billion on November 17. However, futures volume has since stabilized around $100 billion, while spot trading volume has doubled from $6 billion to $12 billion, and U.S. ETF trade volume has also risen to $4 billion daily.

Bitcoin is fluctuating around the $100,000 mark, influenced by substantial selling pressure from long-term holders (LTHs), who have sold 843,113 BTC since September. Meanwhile, short-term holders (STHs) have accumulated 1,081,633 BTC during the same period.

In comparison, MicroStrategy has added 197,250 BTC to its holdings, while U.S. ETFs have increased their total by approximately 205,000 BTC. For bitcoin to break above $100,000 decisively, LTHs need to reduce their selling or new investors must enter the market to drive demand.
#CryptoTrends2024