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1. MicroStrategy and Coinbase Stocks Rise with Bitcoin: Shares of MicroStrategy and Coinbase have increased nearly 4%, aligning with Bitcoin's rise over 2% to $96,500. Ethereum also saw a 3.4% increase. This surge follows expectations of a more favorable regulatory environment under President Trump's administration. #BitcoinSurge #CryptoStocks #EthereumRise
2. Australia's Crypto Regulations Unlikely to Cause Mass Exodus: Australia's proposed cryptocurrency regulations are not expected to lead to a mass exit of digital asset businesses. The Australian Securities & Investments Commission (ASIC) has issued new guidance, which may increase applications for financial services licenses. #CryptoRegulation #AustraliaCrypto #ASICGuidance
3. Do Kwon Extradited to the United States: Montenegro has extradited Do Kwon, co-founder of Terraform Labs, to the U.S. Kwon faces fraud charges related to the $40 billion collapse of Terraform's cryptocurrency, which significantly impacted global retail investors. #DoKwon #TerraformLabs #CryptoFraud
4. Trump Administration's Crypto-Friendly Stance: President-elect Donald Trump's administration is expected to create a favorable environment for digital currencies, including drafting crypto-friendly regulations and establishing a strategic Bitcoin reserve. This has contributed to Bitcoin's rise, surpassing $100,000 in December 2024. #TrumpCrypto #BitcoinRise #CryptoPolicy
5. Putin's Support for Bitcoin as Dollar Alternative: Russian President Vladimir Putin has expressed support for Bitcoin, highlighting it as an alternative to the U.S. dollar. Russia plans to utilize Bitcoin to bypass Western sanctions, potentially increasing its demand and value. #PutinBitcoin #CryptoSanctions #BitcoinDemand
Please note that cryptocurrency markets are highly volatile, and it's essential to conduct thorough research before making any investment decisions.
1. MicroStrategy and Coinbase Stocks Rise with Bitcoin: Shares of MicroStrategy and Coinbase have increased nearly 4%, aligning with Bitcoin's rise over 2% to $96,500. Ethereum also saw a 3.4% increase. This surge follows expectations of a more favorable regulatory environment under President Trump's administration. #BitcoinSurge #CryptoStocks #EthereumRise
2. Australia's Crypto Regulations Unlikely to Cause Mass Exodus: Australia's proposed cryptocurrency regulations are not expected to lead to a mass exit of digital asset businesses. The Australian Securities & Investments Commission (ASIC) has issued new guidance, which may increase applications for financial services licenses. #CryptoRegulation #AustraliaCrypto #ASICGuidance
3. Do Kwon Extradited to the United States: Montenegro has extradited Do Kwon, co-founder of Terraform Labs, to the U.S. Kwon faces fraud charges related to the $40 billion collapse of Terraform's cryptocurrency, which significantly impacted global retail investors. #DoKwon #TerraformLabs #CryptoFraud
4. Trump Administration's Crypto-Friendly Stance: President-elect Donald Trump's administration is expected to create a favorable environment for digital currencies, including drafting crypto-friendly regulations and establishing a strategic Bitcoin reserve. This has contributed to Bitcoin's rise, surpassing $100,000 in December 2024. #TrumpCrypto #BitcoinRise #CryptoPolicy
5. Putin's Support for Bitcoin as Dollar Alternative: Russian President Vladimir Putin has expressed support for Bitcoin, highlighting it as an alternative to the U.S. dollar. Russia plans to utilize Bitcoin to bypass Western sanctions, potentially increasing its demand and value. #PutinBitcoin #CryptoSanctions #BitcoinDemand
Please note that cryptocurrency markets are highly volatile, and it's essential to conduct thorough research before making any investment decisions.
If crypto is incorporated into Australia’s financial system, we will be lucky to avoid contagious collapse
#AustraliaCrypto
In a recent opinion piece, economist John Quiggin warns that integrating cryptocurrencies into Australia's financial system could precipitate a systemic collapse. He argues that cryptocurrencies lack intrinsic value, rendering them susceptible to rapid devaluation if public confidence wanes. Quiggin draws parallels to the 2008 Global Financial Crisis, suggesting that, similar to the collapse of complex financial derivatives, widespread crypto adoption could destabilize traditional financial institutions. He cautions that as traditional institutions' exposure to crypto-assets increases, the potential for a significant financial downturn escalates. Quiggin advocates for maintaining a clear separation between the crypto sector and the traditional financial system to mitigate these risks.
#AustraliaCrypto
In a recent opinion piece, economist John Quiggin warns that integrating cryptocurrencies into Australia's financial system could precipitate a systemic collapse. He argues that cryptocurrencies lack intrinsic value, rendering them susceptible to rapid devaluation if public confidence wanes. Quiggin draws parallels to the 2008 Global Financial Crisis, suggesting that, similar to the collapse of complex financial derivatives, widespread crypto adoption could destabilize traditional financial institutions. He cautions that as traditional institutions' exposure to crypto-assets increases, the potential for a significant financial downturn escalates. Quiggin advocates for maintaining a clear separation between the crypto sector and the traditional financial system to mitigate these risks.
MARKET MOVING NEWS
🔔 MARKET MOVING NEWS! (30/12/24)
1️⃣ Solana Co-Founder Sued By Ex-Wife Over Millions Worth Of Staked SOL ▶️
#solana
Solana co-founder Stephen Akridge has reportedly been sued by his ex-wife, Elisa Rossi, on allegations that he secretly earned “millions of dollars in staking rewards” from her share of SOL tokens. The complaint states that the pair’s March divorce agreement split ownership of SOL they owned. However, Rossi alleges that Akridge “took advantage of the significant disparity in expertise in cryptocurrencies” to keep control of the tokens and continue earning staking rewards from them.
2️⃣ Malaysia Orders Bybit To Halt Local Operations Over Registration Failure 🔍
Malaysia’s Securities Commission (SC) has reportedly ordered crypto exchange Bybit and its CEO Ben Zhou to suspend the platform’s website, mobile applications, and other digital platforms in Malaysia. It also ordered Bybit to cease all advertising activities to Malaysian investors and discontinue its Telegram support group for Malaysians. The regulator’s orders come on the grounds that Bybit operated a crypto asset trading platform without proper registration. The company has been given 14 business days to do so starting from Dec. 11. Notably, Bybit and Zhou have been included in the regulator’s Investor Alert List since July 2021 for the same regulatory violation.
In a post on the Bybit Malaysia Telegram channel, Bybit stated,
We understand that this may cause some inconvenience. Once we have secured the appropriate licenses, we look forward to reconnecting with you again in the future.
3️⃣ Monthly Bitcoin ATM Additions In Australia Hit 29-Month Streak 🔼
#AustraliaCrypto
According to data from Crypto ATM data tracker Coin ATM Radar, the number of Bitcoin ATMs in Australia has increased monthly for over two years. Specifically, it shows that Australia has maintained a net positive addition of Bitcoin ATMs for the last 29 months. The country now reportedly has a total of 1,359 ATMs, which account for 3.5% of all Bitcoin ATMs globally. While the percentage may seem low, Australia ranks third in the number of Bitcoin ATMs globally. In fact, the number of Bitcoin ATMs in Australia is now almost on par with the amount found in Europe.
4️⃣ Ai16z Considers Tokenomics Overhaul And Launching Layer 1 Blockchain ‼️
#Ai6z
AI agent platform ai16z is reportedly considering launching a Layer 1 blockchain and adjusting its tokenomics. The report states that the team has engaged in initial discussions with contributors to improve the value accrual of its token. The governance proposal states that it plans to introduce a token launchpad similar to pump.fun in the first quarter of 2025. This platform will reportedly be used to deploy AI projects based on its Eliza framework, with its native token to be used as the base currency for agent-to-agent interactions. The launchpad could possibly implement various value capture mechanisms, including launch fees, ai16z token staking for access, and strategic liquidity pool pairings.
5️⃣ Hong Kong Legislator Proposes Adding Bitcoin To National Reserves 💸
#HongKongFinance
Wu Jiexhuang, a Hong Kong legislator has reportedly proposed that the special administrative region enact a policy to include Bitcoin in its national reserve for financial security. Jiexhuang cited the examples of smaller nations, such as El Salvador and Bhutan, as well as certain US states which have integrated Bitcoin into their strategic reserves. He also added that US President-elect Donald Trump’s proposal to make Bitcoin a strategic reserve asset could have a significant impact on traditional markets. Jiexhuang also suggested that the region should take advantage of China’s “one country, two systems” policy to try including Bitcoin in ETFs before exploring additional ways to increase Hong Kong’s Bitcoin holdings.
#BinanceAlphaAlert $BTC
1️⃣ Solana Co-Founder Sued By Ex-Wife Over Millions Worth Of Staked SOL ▶️
#solana
Solana co-founder Stephen Akridge has reportedly been sued by his ex-wife, Elisa Rossi, on allegations that he secretly earned “millions of dollars in staking rewards” from her share of SOL tokens. The complaint states that the pair’s March divorce agreement split ownership of SOL they owned. However, Rossi alleges that Akridge “took advantage of the significant disparity in expertise in cryptocurrencies” to keep control of the tokens and continue earning staking rewards from them.
2️⃣ Malaysia Orders Bybit To Halt Local Operations Over Registration Failure 🔍
Malaysia’s Securities Commission (SC) has reportedly ordered crypto exchange Bybit and its CEO Ben Zhou to suspend the platform’s website, mobile applications, and other digital platforms in Malaysia. It also ordered Bybit to cease all advertising activities to Malaysian investors and discontinue its Telegram support group for Malaysians. The regulator’s orders come on the grounds that Bybit operated a crypto asset trading platform without proper registration. The company has been given 14 business days to do so starting from Dec. 11. Notably, Bybit and Zhou have been included in the regulator’s Investor Alert List since July 2021 for the same regulatory violation.
In a post on the Bybit Malaysia Telegram channel, Bybit stated,
We understand that this may cause some inconvenience. Once we have secured the appropriate licenses, we look forward to reconnecting with you again in the future.
3️⃣ Monthly Bitcoin ATM Additions In Australia Hit 29-Month Streak 🔼
#AustraliaCrypto
According to data from Crypto ATM data tracker Coin ATM Radar, the number of Bitcoin ATMs in Australia has increased monthly for over two years. Specifically, it shows that Australia has maintained a net positive addition of Bitcoin ATMs for the last 29 months. The country now reportedly has a total of 1,359 ATMs, which account for 3.5% of all Bitcoin ATMs globally. While the percentage may seem low, Australia ranks third in the number of Bitcoin ATMs globally. In fact, the number of Bitcoin ATMs in Australia is now almost on par with the amount found in Europe.
4️⃣ Ai16z Considers Tokenomics Overhaul And Launching Layer 1 Blockchain ‼️
#Ai6z
AI agent platform ai16z is reportedly considering launching a Layer 1 blockchain and adjusting its tokenomics. The report states that the team has engaged in initial discussions with contributors to improve the value accrual of its token. The governance proposal states that it plans to introduce a token launchpad similar to pump.fun in the first quarter of 2025. This platform will reportedly be used to deploy AI projects based on its Eliza framework, with its native token to be used as the base currency for agent-to-agent interactions. The launchpad could possibly implement various value capture mechanisms, including launch fees, ai16z token staking for access, and strategic liquidity pool pairings.
5️⃣ Hong Kong Legislator Proposes Adding Bitcoin To National Reserves 💸
#HongKongFinance
Wu Jiexhuang, a Hong Kong legislator has reportedly proposed that the special administrative region enact a policy to include Bitcoin in its national reserve for financial security. Jiexhuang cited the examples of smaller nations, such as El Salvador and Bhutan, as well as certain US states which have integrated Bitcoin into their strategic reserves. He also added that US President-elect Donald Trump’s proposal to make Bitcoin a strategic reserve asset could have a significant impact on traditional markets. Jiexhuang also suggested that the region should take advantage of China’s “one country, two systems” policy to try including Bitcoin in ETFs before exploring additional ways to increase Hong Kong’s Bitcoin holdings.
#BinanceAlphaAlert $BTC