Daily Cryptocurrency Summary (2024-12-04)
1. Data: Bitcoin balances on exchanges continue to decline to 2.312 million coins.
2. The Trump administration may allow more crypto companies to go public.
3. Analysis: If MicroStrategy is included in the QQQ ETF, it essentially amounts to 'adding more Bitcoin to the index.'
4. CryptoQuant: Bitcoin exchange reserves have fallen to their lowest level in years.
5. Mining company Foundry cuts about 60% of its workforce, reducing the total number of employees from 250 to about 80 to 90.
6. Sources: Trump has nominated crypto supporter Paul Atkins to be the chairman of the U.S. SEC.
7. Research: MicroStrategy's asset value will only fall below its liabilities if Bitcoin drops to $18,826.
8. Coinbase CEO: The U.S. government should not sell Bitcoin, about 12.5% of Coinbase's assets are in Bitcoin.
9. Bitcoin mining company MARA plans to acquire a wind farm in Texas, USA, to mine Bitcoin.
10. French lawmakers propose taxing unrealized gains on Bitcoin and other crypto assets as non-productive property.
11. South Korea plans to allow universities and local governments to cash out cryptocurrency donations next year.
12. South Koreans aged 50-60 are accelerating their entry into the crypto market, with bank deposits declining by 27 trillion won over five months.
