1. Greekslive: During the Christmas holiday to year-end settlement period, market liquidity is poor
During the Christmas holiday, while traditional markets went on break, the crypto market rose significantly driven by Bitcoin. Currently, the maximum pain point for BTC options is $84,000, and for ETH it is $3,000. However, based on market performance, this year's annual maximum pain point is likely to become ineffective, similar to previous years. Additionally, short-term implied volatility (IV) continues to decline compared to yesterday, with market makers nearing the end of repositioning, and it is expected that IV will remain stable before the end of the year. During the Christmas holiday to year-end settlement period, market liquidity is poor, requiring less momentum for price fluctuations, which may continue to show volatile trends.
Read the original article
2. Data: Among 25 listed mining companies, only 7 achieved positive earnings this year
Including Core Scientific (CORZQ) up 327%, TeraWulf (WULF) up 169%, Bitdeer (BTDR) up 167%, Hut 8 (HUT) up 91%, Iris Energy (IREN) up 72%, Northern Data (NB2) up 58%, and Cipher (CIFR) up 33%. In contrast, Argo Blockchain (ARB) fell as much as 84%, and Hive (HIVE) fell 29%. Although mining companies are actively mitigating post-halving profit pressures through financing and diversifying into AI and other businesses, they still face challenges such as increased mining difficulty and soaring operational costs, with some companies reporting individual BTC mining costs exceeding $50,000.
Read the original article
3. Russian Finance Minister: Russia is using Bitcoin in foreign trade
Russian Finance Minister Anton Siluanov stated on Wednesday that changes in Russian legislation allow enterprises to use Bitcoin and other digital currencies in international payments. This year, Russia has allowed the use of cryptocurrencies in foreign trade and has taken measures to legalize cryptocurrency mining, including Bitcoin. Siluanov stated in an interview with Russia 24 television channel: "As part of the experimental regime, we can use Bitcoin mined in Russia (for foreign trade transactions)."
Read the original article
4. Bank of Korea data: More than 30% of South Korea's population are cryptocurrency investors
According to data from the Bank of Korea, as of the end of November, the total number of cryptocurrency investors in South Korea has surpassed 15.59 million for the first time, reaching more than 30% of the national population, with a total asset scale of 102.6 trillion won (approximately $79 billion), and daily trading volume approaching the total of the domestic stock market. Driven by expectations of crypto-friendly policies after Trump was elected president, Bitcoin's price rose nearly 35% in November, significantly increasing the activity level of South Korea's crypto market. Among them, the average amount held by investors at the five major exchanges reached 6.58 million won (approximately $5,070), with 610,000 new investors added in November. In addition, the scale of deposits not put into the market by crypto exchanges has also increased to 8.8 trillion won (approximately $6 billion).
Read the original article
