The Federal Reserve (FED) recently announced plans for gradual rate cuts, which led to significant market reactions. This triggered notable sell-offs, especially in the U.S. stock market. However, in the long run, this doesn’t alter the fundamental outlook for cryptocurrency.
We still maintain the belief that $BTC Bitcoin’s “main target” for this cycle remains at $120K, despite the inevitable “bumpy roads” along the way.
From a technical perspective, Bitcoin is currently in a critical zone. Risk indicators are flashing red, fear and greed levels are at extreme greed, demand has decreased, and distribution indicators suggest a possible correction.
As previously advised, taking partial profits and securing moonbags for Altcoins remains a prudent strategy. While this won’t completely shield a portfolio from drawdowns, it can mitigate losses and provide additional capital for future moves.
Given the dynamic nature of the crypto market, it’s challenging to predict daily price movements with precision. The key is to focus on the “bigger picture.”
It’s likely that Bitcoin will consolidate around the $100K range, with price action continuing to evolve. Stay cautious and, above all, avoid being greedy!
Several car dealerships have started accepting Bitcoin as a payment method, signaling the expansion of digital payments beyond the financial industry into the transportation sector.
What’s notable is the increasing number of manufacturers and dealerships adopting crypto payments, which has grown by 34% this year in line with rising digital currency adoption.
Among the companies leading this trend are Prestige Cars Kent in the United Kingdom, HGreg in the United States, Bitcars in Europe, and GTA Cars in the United Arab Emirates. These dealerships collectively offer up to 280 types of cars, including luxury brands like Lamborghini and Rolls Royce.
For those worried about not having enough crypto, there’s no need to stress—dealerships also accept fiat currency to cover any shortfall.
The topic of a Strategic $BTC Bitcoin Reserve has been trending on social media platform X, generating significant attention with over 26,400 mentions. The discussion reached the top 5 trending topics on Wednesday morning (12/18).
This surge in conversations is attributed to reactions from X users regarding the recent plan. One notable post highlighted comments from Bitwise Chief Investment Officer Matt Hougan, who suggested that Bitcoin could reach as high as US$500,000 if the United States were to implement a Strategic Bitcoin Reserve.
Another key point of interest is the Strategic Bitcoin Reserve Bill introduced in Ohio. This bill allows the Ohio Treasurer to invest in digital assets as part of the state’s broader financial strategy, sparking further discussions.
Additionally, the Satoshi Action Fund, led by Dennis Porter, made waves by filing a draft executive order aimed at establishing a Strategic Bitcoin Reserve. The initiative intends to utilize seized Bitcoin to help stabilize the US dollar, adding more fuel to the growing conversation.
After correction last week we now can see others.d bounced before the order block still waiting for the confirmation tomorrow, wait and see for the FOMC results. Hopefully we have a great news from the FOMC meeting.
1. TAO (Laminar AI Protocol) TAO is a protocol tailored to support decentralized AI model creation and training, addressing the problem of monopolies in the AI industry by offering distributed access to computational resources.
• Unique Use Case: Targets decentralized AI and data management, aligning with market demands. • Growing Ecosystem: Supported by strategic partnerships advancing AI innovation. • AI Industry Trends: Blockchain-based AI infrastructure is in high demand.
2. ICP (Internet Computer Protocol) ICP enables AI applications to operate directly on the blockchain without relying on traditional servers, providing seamless and scalable solutions.
• Technological Innovation: Directly running AI models on the blockchain distinguishes ICP from competitors. • High Scalability: Offers fast response times for AI-based applications.
3. FET (Fetch.ai) Fetch.ai integrates blockchain and AI-based autonomous agents for efficient data management, task automation, and real-world applications.
• Broad Use Cases: Solutions for smart cities, DeFi, and supply chain management. • Strategic Partnerships: Collaborations with major players like Bosch enhance credibility.
4. GRT (The Graph) The Graph serves as an indexation protocol for blockchain data, facilitating access for AI-driven projects and decentralized applications.
• Infrastructure Pillar: A foundational tool for AI data integration on blockchain networks. • Web3 Ecosystem Growth: Critical for clean and organized data essential for AI applications.
5. AKT (Akash Network) Akash Network provides decentralized cloud services optimized for AI computing, offering cost-effective and transparent solutions.
• Cost Efficiency: More affordable and transparent compared to traditional cloud providers. • Large Market: Positioned to capture the growing AI cloud infrastructure demand.
Ethena Labs ( $ENA ) Launches UStb Stablecoin Backed by BlackRock Fund
Buy/Sell click on chart 🚀
Ethena Labs, a Decentralized Finance (DeFi) company operating on the Ethereum blockchain, has officially launched UStb, a new stablecoin fully backed by BlackRock’s BlackRock USD Institutional Digital Liquidity Fund (BUIDL), with funding exceeding US$522 million.
UStb is designed as a traditional asset-backed stablecoin, differing from Ethena’s synthetic dollar stablecoin, USDe. Ethena Labs positions UStb as a complementary product to USDe, particularly useful in mitigating challenges like negative funding rates or market volatility.
Ethena’s governance framework allows for the potential reallocation of backing assets between USDe and UStb to ensure stability.
Through partnerships with BlackRock and Securitize, Ethena Labs aims to bolster the credibility and versatility of its stablecoins, offering users diverse options to navigate various market conditions.
In the past 48 hours, whales have purchased 70,000 Bitcoins (BTC) worth over US$7.28 billion, despite Bitcoin’s high price of US$108,000 per coin.
According to cryptocurrency analyst Ali Martinez, the acquisitions began on the night of December 17 and were transferred to whale wallets.
This significant accumulation has contributed to Bitcoin’s return to its all-time high price. Analysts suggest that the activity of whales and institutional buyers may be driving the upward momentum in Bitcoin’s market value.
Spot Ethereum ( $ETH ) ETF Inflows Reach US$144.70 Million
The Spot Ethereum (ETH) exchange-traded fund (ETF) recorded a significant inflow of US$144.70 million on Tuesday (17/12), surpassing the previous day’s figure of US$51.10 million. • BlackRock’s Spot Ethereum ETF (ETHA) led the way with an inflow of US$134.80 million. • Other contributors included Grayscale Mini Trust (ETH) with US$4.50 million, Fidelity (FETH) with US$3.90 million, and Franklin (EZET) with US$1.50 million.
Meanwhile, Grayscale (ETHE), Bitwise (ETHW), VanEck (ETHV), 21 Shares (CETH), and Invesco (QETH) reported no inflows for the day.
At the same time, Ethereum’s price has dropped 4.40% in the last 24 hours, trading at US$3,835 per coin.
Smart Contract Solution Stacks ( $STX ) for Bitcoin
Buy now & take profit on alt season 🤡🚀
While Bitcoin is a revolutionary technology, it lacks some advanced functionalities, such as smart contracts. To bridge this gap, platforms like Stacks have emerged. Stacks is a Layer-1 blockchain designed to enable smart contracts and decentralized applications (DApps) within the Bitcoin ecosystem, expanding Bitcoin’s utility beyond its traditional use as digital gold.
Key Features of Stacks 1. Proof of Transfer (PoX) Stacks introduces a unique consensus mechanism called Proof of Transfer (PoX), which connects its blockchain to Bitcoin. • Miners: Use Bitcoin to compete for the creation of new blocks on the Stacks blockchain. Successful miners receive STX tokens as rewards. • Stackers: STX holders can lock their tokens in a process called stacking to earn rewards in Bitcoin, without the risk of slashing. 2. Clarity Programming Language Stacks developed Clarity, a secure and transparent programming language for smart contracts. Clarity enables developers to write readable and verifiable smart contracts directly on the blockchain, ensuring safety and transparency. 3. Integration with Bitcoin Through the Nakamoto Upgrade, Stacks has strengthened its integration with Bitcoin, allowing it to function as a trustless Bitcoin layer. This upgrade enhances tokenization and makes Stacks a seamless extension of Bitcoin’s capabilities.
Use Cases and Potential
By leveraging Bitcoin’s security and stability, Stacks enables the development of decentralized applications across various sectors: • Decentralized Finance (DeFi): Expanding financial services on Bitcoin. • Non-Fungible Tokens (NFTs): Supporting the creation and trade of digital collectibles. • Tokenization: Facilitating asset representation on the blockchain.
Hong Kong Targets Completion of Crypto Reporting Framework by 2026
The Hong Kong government has announced its commitment to finalizing a crypto asset reporting framework by 2026 to combat cross-border tax evasion. This decision was revealed during the OECD Global Forum on Tax Transparency and Information Exchange, held on December 13, 2024.
The framework aims to enhance global tax transparency by requiring residents to report crypto asset accounts and transactions annually.
“This initiative is vital to maintaining Hong Kong’s reputation as an international financial and business hub, while showcasing our dedication as a responsible tax
Pudgy Penguins ( $PENGU ) Launches PENGU Token with Airdrop Program
Pudgy Penguins, a popular Non-Fungible Token (NFT) project, has officially launched a new token called PENGU, which is now available for trading on decentralized exchanges (DEX) connected to the Solana (SOL) wallet as of Tuesday (17/12).
The launch also includes a highly anticipated PENGU airdrop, running for 88 days with a total of 88.88 billion tokens distributed. Of this amount: • 25.9% is allocated to current Pudgy Penguins NFT holders. • 24.12% is distributed to other NFT communities randomly.
Notably, PENGU users on DEX who meet the eligibility criteria can claim their tokens without requiring a snapshot, allowing them to immediately access the rewards.
Luca Netz, CEO of Igloo, advised participants to ensure their Solana wallets contain at least US$10 worth of SOL to cover transaction fees.
Within just the first hour of its release, PENGU’s NFT token recorded approximately US$90 million in trading volume, reflecting strong market enthusiasm for the project.
Donald Trump Discusses National $BTC Bitcoin with Crypto.com CEO Kris Marszalek
US President-elect Donald Trump reportedly held a meeting with Kris Marszalek, CEO of cryptocurrency trading platform Crypto.com, at his Florida residence. The meeting, according to sources, focused on proposals related to the launch of a national Bitcoin and included discussions on the US Treasury Department, Congress, and the broader plans for the upcoming Trump Administration, which will commence after the inauguration early next year.
A Crypto.com spokesperson expressed optimism about the potential collaboration between Trump and other pro-crypto officials, emphasizing the opportunity for the US to advance its leadership in digital assets.
“We look forward to working with the new administration to develop and advance clear regulations for the crypto industry so that the US can become a global leader in digital assets and innovation,” the spokesperson stated, as quoted by Bloomberg on Tuesday (18/12).
Potential Impact of Trump’s Pro-Crypto Stance 1. National Bitcoin Proposal: Trump’s rumored interest in a national Bitcoin aligns with his broader agenda to integrate cryptocurrency into the US financial system. If realized, this could position the US as a global leader in crypto adoption. 2. Industry Growth: Clear regulations under a pro-crypto administration could attract investment and spur technological innovation in blockchain and cryptocurrency. 3. Market Sentiment: Trump’s engagement with major industry players like Marszalek reflects growing recognition of crypto as a significant economic force. Positive regulatory clarity could boost market confidence and accelerate adoption.
$USUAL Keep maintaining the bullish trend after listing on binance, did you bullish on this coin?
After Usual hit new ATH at 0.8976 there is correction to the lowest at 0.5517 which is their EMA 13 and level 50% of Fib Retracement and usual respected that key level and bounced to 0.746 (price at this post made) and this might be a continuation for usual.
After Usual break their ATH and get into price discovery, 1.3$ is on the sight.
$PENGU as usual new token listing on cex would be the exit liquidity for the first buyer, most of the airdrop token that listed on cex its most likely will dump ☠️
The best scenario for cex listing is waiting for the future available than do shorting 🚀
$BTC is dropping around 4.50% From the top at 108.350$ ☠️
In 1 hour time frame we see there is order block at 103.500$ and Bitcoin has bounced at that level and respecting their Exponential Moving Average (EMA) 200. Would it be a dip or there is more correction? Shill your conviction! 🙌🏻
Michael Saylor Proposes $BTC Bitcoin as a Solution to US Debt Crisis
Michael Saylor, founder of MicroStrategy (MSTR), has urged the US government to designate Bitcoin (BTC) as a key national asset and a potential solution to the country’s US$36 trillion debt crisis.
Saylor believes Bitcoin has the potential to grow 100 times from its current value and recommends that the US government accelerate regulatory measures to implement a Bitcoin reserve strategy before its price soars further.
In a statement, Saylor compared Bitcoin to the historical value of Manhattan real estate, highlighting its potential for long-term growth:
“I want to go back, and I would buy Manhattan every year for 300 years at its current value. However, I now believe Bitcoin offers the same opportunity to make the US the digital capital of the world.”
Saylor also suggested that allocating 20-25% of national reserves to Bitcoin could: • Attract global capital • Strengthen the US dollar • Drive economic growth
He emphasized that MicroStrategy’s aggressive Bitcoin acquisition strategy serves as a successful model for leveraging Bitcoin to secure financial stability and foster economic innovation.
Ripple Launches RLUSD Stablecoin After NYDFS Approval
Ripple officially launched its latest stablecoin, Ripple USD (RLUSD), after receiving regulatory approval from the New York State Department of Financial Services (NYDFS) on Tuesday (17/12).
Designed as a conventional stablecoin, RLUSD is fully backed by US dollar reserves, including US debt securities and bank deposits, ensuring market stability and trustworthiness.
Ripple CEO Brad Garlinghouse expressed optimism about RLUSD’s potential to transform the use of stablecoins in financial transactions. He emphasized that utility and compliance will be key differentiators in the competitive stablecoin market over the coming years.
To bolster its efforts, Ripple has established an advisory board comprising prominent figures such as: • Raghuram Rajan, former Governor of the Reserve Bank of India • Kenneth Montgomery, former COO of the Federal Reserve Bank of Boston
The launch of RLUSD marks a significant step in Ripple’s journey to enhance the global payments system through digital currencies. It reflects Ripple’s ambition to lead innovation in the evolving stablecoin and blockchain landscape.
Spot $BTC Bitcoin ETFs See Inflow of $637.50M Amid BTC Rally to $108K
The Bitcoin (BTC) Exchange Traded Fund (ETF) market recorded an inflow of US$637.50 million on Monday (16/12), marking a significant increase compared to the end of last week. This surge coincided with Bitcoin reaching a new all-time high of US$108,000, continuing its bullish rally.
Leading the inflows was BlackRock’s iShares Bitcoin Trust (IBIT), which attracted US$418.80 million, dominating the market.
Following IBIT, the funds were distributed as follows: • Fidelity Wise Origin Bitcoin Fund (FBTC): US$116.10 million • Ark 21 Shares (ARKB): US$47.70 million • Bitwise Bitcoin ETF (BITB): US$30.70 million • Grayscale Bitcoin Trust (GBTC): US$17.60 million • Grayscale (BTC): US$6.60 million
However, several Spot Bitcoin ETFs did not record any fund flows at the beginning of the week, including: • Bitwise Bitcoin Strategy Optimum Roll ETF (BTCO) • VanEck (HODL) • Valkyrie (BRRR) • Franklin Templeton (EZBC) • WisdomTree (BTCW)
This trend highlights the continued dominance of key players like BlackRock and Fidelity in the crypto ETF space, as investor interest in Bitcoin remains strong amid its historic rally.
Michael Saylor Optimistic Trump Will Establish National $BTC Bitcoin Reserve
Michael Saylor, CEO of MicroStrategy, expressed confidence that President-elect Donald Trump will fulfill his promise to create a national Bitcoin reserve. Saylor believes Trump’s strong interest in integrating cryptocurrency into the U.S. financial system, particularly as a reserve asset, sets the stage for this initiative.
“Of course, I believe he (Trump) will realize the Bitcoin reserve plan,” Saylor stated in a CNBC interview.
According to Saylor, establishing a Bitcoin reserve could help alleviate the U.S. national debt, which currently stands at US$36 trillion. He suggested the government could sell portions of its gold reserves or borrow a fraction of its resources to acquire Bitcoin, the world’s largest digital asset.
Saylor’s remarks come as Bitcoin adoption continues to grow, with increasing recognition of its potential as a hedge against inflation and a strategic reserve asset for the future.
Bitcoin $BTC Whale Moves US$530 Million After 3 Years, Sparking Market Speculation
A Bitcoin whale, an individual or entity holding a substantial amount of cryptocurrency, recently moved US$530 million worth of Bitcoin (BTC) after three years of dormancy. The transaction involved two newly created wallets, with one receiving approximately US$420 million, while the other was credited with US$107 million.
This activity coincides with an increase in whale transactions in the Bitcoin market. Notably, Bitcoin recently surged past US$106,000, driven by a series of large-scale movements and market speculation.
Dormant wallet reactivations often spark speculation about potential market impacts, including large sell-offs or shifts in sentiment. Since whales hold the power to significantly influence Bitcoin’s price and liquidity, their movements are closely scrutinized by traders and investors.
As attention grows on whale activity, market participants are likely to monitor this situation carefully to gauge its potential effects on the cryptocurrency market. The outcome could provide insights into broader trends and the behavior of key players in the market.