📰 Blockchain Morning Report - December 10, 2024 📷 Follow for exclusive insights into the latest developments in the crypto space, don't miss out!

1⃣ Market Dynamics

🌕 Bitcoin ($BTC): Fluctuated between $96,000 and $100,000, causing volatility in the altcoin market. The crypto market experienced a major shock overnight, with BTC and others plummeting, leading to $1.7 billion in liquidations within 24 hours. Bitcoin's market share increased to 57.79% but then retraced, before subsequently rising above $98,000, with a 24-hour decline narrowed to 0.15%. The sharp drop in stocks of $MSTR and $TESLA may have impacted Bitcoin's price.

🌖 Ethereum ($ETH): Decline exceeded expectations, but was less than Bitcoin's drop. CryptoQuant analysts warn that Ethereum's funding rates have hit a several-month high, and investors should be cautious of short-term adjustment risks.

🌗 Solana ($SOL): Among the top four major tokens, it has the largest decline, reflecting its market resilience.

🌘 Binance Coin ($BNB): Despite welfare distribution, the market failed to support the price, leading to a decline.

2⃣ Industry Hotspots

📰 Bloomberg: The strategy of issuing convertible bonds, modeled after MicroStrategy, has yielded significant returns for crypto companies.

💻 Bitcoin Mining: Technological advancements drive Bitdeer Technologies' stock price to quadruple.

💼 Investment Strategy: Jetking Ltd becomes the first listed company in India to adopt a Bitcoin treasury strategy.

💡 Strategic Reserves: CZ believes establishing a Bitcoin strategic reserve is 'inevitable'; Russian lawmakers propose creating a national Bitcoin reserve.

💳 $RealFlokiInu: Announced the launch of a debit card, joining many projects that have launched similar products.

3⃣ Industry Trends

💻 Bybit: Confirms ORCAUSDT system error and promises compensation.

💹 MovementLabs: Launched on all exchanges, performance exceeded expectations, FDV surged to $800 million.

🔒 Radiant Capital: Previous attack incidents were linked to North Korean hacker groups.

🇦🇷 Argentina: Allows local investors to invest in Bitcoin spot ETFs.

💹 Tether: Reports show that 109 million on-chain wallets hold USDT.

💱 BlackRock IBIT: Yesterday's net inflow was $398.6 million.

📉 MorganCreek Founder: Predicts the crypto market will enter a bear market by mid-2025.