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According to HODL15Capital's latest monitoring as of November 30, 2024, global Bitcoin ETFs collectively hold a record-high of 1,266,862 BTC, valued at approximately $123 billion. This includes data from 45 funds worldwide, demonstrating the growing institutional demand for Bitcoin-backed exchange-traded products. The tracker highlights significant growth in holdings over recent months, marking a pivotal milestone for Bitcoin's integration into traditional financial markets.  

According to Odaily, two cryptocurrency whales have made significant profits from recent transactions involving UNI and LINK tokens. The first whale, identified by the address 0x2B4F, sold 135,150 UNI tokens, amounting to $1.71 million. This transaction resulted in a profit of $1.15 million. Meanwhile, the second whale, with the address 0x6049, sold 363,814 LINK tokens, totaling $6.88 million. This sale led to a profit of $3.06 million. These transactions highlight the ongoing activity and potential profitability within the cryptocurrency market, as large holders continue to capitalize on market movements.

According to Odaily, the blockchain game Alien Worlds has issued a warning to its community regarding the resurgence of harmful fake NFT collections. The announcement, made on platform X, urges buyers to exercise caution and vigilance when purchasing NFTs. The game developers emphasized the importance of verifying the authenticity of NFTs to ensure they originate from official and verified collections. This alert comes as fraudulent NFT activities continue to pose significant risks to unsuspecting buyers in the digital marketplace. Alien Worlds, a popular game in the blockchain space, is taking proactive measures to protect its users from falling victim to these scams. The team advises potential buyers to conduct thorough checks before making any purchases, highlighting the need for due diligence in the rapidly evolving NFT landscape. The resurgence of fake NFTs underscores the ongoing challenges faced by the blockchain community in maintaining a secure and trustworthy environment. As the popularity of NFTs grows, so does the sophistication of scams targeting collectors and investors. Alien Worlds' warning serves as a timely reminder for all participants in the NFT market to remain vigilant and informed, ensuring that their investments are safe and legitimate.

According to Odaily, South Korea has decided to postpone the implementation of a capital gains tax on virtual assets by two years. This announcement was made by Park Chan-dae, a representative of the Democratic Party, during a press conference held at the National Assembly in Yeouido, Seoul. Park stated that after extensive discussions on the matter, it was deemed necessary to further reform the virtual asset tax system before proceeding with taxation. Park also addressed the budget-related subsidiary bills designated by National Assembly Speaker Woo Won-shik. He noted that out of the 13 bills proposed by the government, eight have been agreed upon by both ruling and opposition parties and are expected to pass. Park mentioned that five of these bills would be processed in the upcoming plenary session, with further discussions planned to determine the direction of handling these legislative matters. He emphasized that certain bills, such as those related to inheritance and gift taxes, should be rejected, indicating his intention to oppose them. This decision to delay the virtual asset tax is seen as a move to support the ongoing bull market in the cryptocurrency sector, as highlighted by Arthur Hayes, who referenced Korean media reports. The postponement reflects the government's cautious approach to regulating the rapidly evolving digital asset landscape, ensuring that the tax framework aligns with the broader economic and technological developments in the industry.

On Dec 01, 2024, 04:49 AM(UTC). According to Binance Market Data, Ethereum has crossed the 3,700 USDT benchmark and is now trading at 3,703.889893 USDT, with a narrowed 1.65% increase in 24 hours.

According to BlockBeats, on December 1, community influencer Insurrection Barbie tweeted that Marc Andreessen, co-founder of a16z, recently revealed that 30 tech entrepreneurs, many deeply involved in the cryptocurrency sector, have had their banking services revoked. Interestingly, Sam Bankman-Fried, despite his involvement in significant fraudulent activities, has not faced similar banking service cancellations. Elon Musk responded to this tweet, highlighting the peculiarity of the situation. He noted that unlike the entrepreneurs mentioned by Andreessen, who have lost access to banking services, Bankman-Fried has committed large-scale fraud. This discrepancy raises questions about the criteria and processes banks use to determine service eligibility, especially in the context of the cryptocurrency industry, which is often scrutinized for its association with financial misconduct. The discussion underscores the challenges faced by tech entrepreneurs in maintaining banking relationships, particularly those involved in emerging sectors like cryptocurrency. The situation also reflects broader concerns about the consistency and fairness of banking practices, especially when dealing with individuals or businesses perceived as high-risk due to their industry involvement. As the cryptocurrency sector continues to evolve, the banking industry's approach to service provision for these entrepreneurs remains a critical issue.

According to Odaily, Anthony Pompliano, founder and CEO of Professional Capital Management, recently discussed MicroStrategy's approach to purchasing Bitcoin using convertible bonds. The company has been selling future equity at a 55% premium to increase its Bitcoin holdings, presenting an attractive financial proposition. By selling equity at a price higher than its current stock value, MicroStrategy has been able to generate substantial capital for Bitcoin acquisitions. Pompliano noted that this strategy is mathematically sound but cautioned investors to be aware of often-overlooked risks, as numerous unknown factors could impact the outcome of MicroStrategy's Bitcoin strategy. In a recent report, IntoTheBlock highlighted four significant risks that MicroStrategy's aggressive Bitcoin acquisition strategy poses to the cryptocurrency market. Although the likelihood of these risks is considered low, Pompliano emphasized the importance for investors to consider the most extreme scenarios. The potential risks associated with such a strategy underscore the need for careful consideration and awareness of the broader implications on the market. Investors are advised to remain vigilant and informed about the potential challenges and uncertainties that could arise from MicroStrategy's ongoing Bitcoin investments.

According to Odaily, the cryptocurrency sector experienced over 30 hacking incidents in November 2024, resulting in losses amounting to approximately $85.53 million. Of this, around $25.2 million has been successfully recovered. The most significant of these incidents involved Thala, which suffered a loss of $25.5 million. However, a substantial portion of this amount, $25.2 million, was recovered, and an additional $300,000 was allocated as a bug bounty. Another major incident was the attack on DEXX, which resulted in a loss of $21 million. Other notable hacks included Gifto, which faced a loss of $12 million, PolterFinance with $8.7 million, and DeltaPrime, which incurred a loss of $4.75 million. These incidents highlight the ongoing vulnerabilities within the cryptocurrency industry, emphasizing the need for enhanced security measures to protect digital assets from such threats.

According to BlockBeats, on December 1, BlackRock CEO Larry Fink shared his views on Bitcoin during an interview with Fox. Fink emphasized that Bitcoin is an international asset, highlighting its independence from any single nation's currency. This perspective underscores the growing recognition of Bitcoin's global relevance and its potential role in the international financial landscape. Fink's comments come at a time when digital currencies are increasingly being discussed in financial circles worldwide. The notion of Bitcoin as a borderless asset aligns with the broader trend of cryptocurrencies gaining traction as alternative investment vehicles. As traditional financial institutions continue to explore the integration of digital assets, Fink's remarks reflect a significant acknowledgment from one of the world's leading asset management firms. The statement also points to the evolving perception of Bitcoin beyond a speculative asset, suggesting its potential utility in diversifying investment portfolios. As regulatory frameworks around cryptocurrencies continue to develop, the views of influential figures like Fink could play a crucial role in shaping the future of digital currencies in the global market.

According to Foresight News, Ethereum co-founder Vitalik Buterin has expressed his disagreement with the United States Government Efficiency Department's (DOGE) handling of minor government spending errors. Buterin argues that the examples highlighted by the department represent only a small fraction of total expenditures. He suggests that if the government focuses on avoiding mistakes that might appear unfavorable on social media, it risks missing out on valuable opportunities. Meanwhile, larger projects that may actually waste more resources could continue unchecked because they appear more respectable. Buterin advocates for a venture capital-like approach to managing small-scale public funds. He believes that accepting a number of potential errors is necessary to ensure the capture of opportunities that could yield significant returns. He emphasizes that careful attention should be directed towards larger-scale projects, where the potential for waste is greater. This perspective challenges the current focus on minor spending errors and suggests a shift in strategy to maximize the benefits of public funds.

According to Odaily, recent data compiled by HODL15Capital reveals significant on-chain activity for Bitcoin following the launch of the U.S. Bitcoin spot ETF. Since its introduction, a total of 198,258 BTC have been mined. This period has also seen substantial sales and purchases by various entities.Grayscale, through its GBTC/BTC holdings, has sold 366,700 BTC. Additionally, the German government has offloaded 50,000 BTC. On the buying side, nine newly launched ETFs have collectively acquired 826,792 BTC, marking a significant influx of institutional investment into the cryptocurrency market.MicroStrategy, known for its aggressive Bitcoin acquisition strategy, has purchased 197,550 BTC. Meanwhile, other related parties have collectively sold a net total of 409,384 BTC. These transactions highlight the dynamic nature of Bitcoin's market activity in response to the introduction of the spot ETF, reflecting both institutional interest and governmental actions in the cryptocurrency space.

According to Odaily, Dan Romero, co-founder of Farcaster, recently shared insights on social media platform X regarding the influence of upstream banking partners on the operational policies of fintech and cryptocurrency companies. Romero emphasized that the restrictions on certain business activities and client types within these companies are often dictated by their banking partners, who are guided by their respective regulatory bodies. Romero described this phenomenon as a form of 'shadow policy,' suggesting that these restrictions are not explicitly outlined in statutory regulations but are instead shaped by the compliance requirements imposed by banks. This insight sheds light on the complex dynamics between fintech and crypto firms and their banking partners, highlighting the indirect yet significant role banks play in shaping industry practices. The commentary from Romero underscores the challenges faced by fintech and cryptocurrency companies in navigating regulatory landscapes that are heavily influenced by the banking sector. This situation raises questions about the transparency and accountability of such policies, as well as the broader implications for innovation and competition within the financial technology space.

According to Odaily, Charles Hoskinson, the founder of Cardano, has recently expressed concerns about Operation Chokepoint 2.0, describing it as a global and highly targeted attack on the cryptocurrency industry. Hoskinson highlighted the long-term economic and psychological damage caused by this initiative and called for unity within the industry to advocate for new legislation that would prevent such activities from occurring again. Hoskinson shared his views on the global impact of Operation Chokepoint 2.0 on the platform X, emphasizing that the operation represents a systematic approach involving harassment, fines, audits, and the denial of services to cryptocurrency businesses worldwide. His comments align with those of pro-cryptocurrency attorney John Deaton, who has suggested that the Trump administration should investigate the operation. Hoskinson's remarks underscore the need for the cryptocurrency community to come together to address these challenges and work towards a more secure and supportive regulatory environment.

According to Odaily, former CFTC Chairman Chris Giancarlo recently shared his insights on the ongoing lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple concerning the issuance of XRP. The SEC has accused Ripple of violating securities laws with its issuance of XRP. A federal court has ruled that some aspects of the issuance meet the criteria for securities, while others do not. Giancarlo suggested that the SEC should reconsider its approach, especially in light of recent legal outcomes and the potential for changes in the regulatory landscape. When asked whether the SEC might drop its lawsuit against Ripple, Giancarlo expressed his belief that they should and predicted that they likely will.

On Dec 01, 2024, 02:34 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 96,000 USDT and is now trading at 95,973.0625 USDT, with a narrowed 0.70% decrease in 24 hours.

According to Odaily, a recent annual survey by the Official Monetary and Financial Institutions Forum (OMFIF) reveals a significant decline in the popularity of Central Bank Digital Currencies (CBDCs) as a tool for enhancing cross-border payments. The 2024 survey indicates that only 13% of respondents support CBDCs as a solution, a sharp decrease from 31% in 2023. In contrast, nearly half (47%) of the surveyed central bank governors favor interconnected instant payment systems, such as the United States' FedNow service, as the preferred future pathway. The survey also highlights that stablecoins have received zero support for the second consecutive year, reflecting central bank governors' lack of confidence in their ability to enhance global financial infrastructure. The waning interest in CBDCs coincides with the Bank for International Settlements (BIS) withdrawing from the mBridge project. Although BIS denies any political motivations, this move underscores the global tensions surrounding CBDC adoption. Additionally, the survey emphasizes the enduring dominance of the US dollar, with only 11% of central banks reporting a reduction in its usage. This trend is primarily driven by geopolitical uncertainties that have increased demand for the dollar as a safe haven. The survey also points out the challenges faced by the correspondent banking system, which has long facilitated international settlements but is increasingly viewed as outdated and costly due to complex Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements. The delayed adoption of the ISO 20022 messaging standard may exacerbate this decline, prompting central banks to explore alternative solutions such as tokenization. Over 40% of central banks in developed markets consider tokenization a promising innovation and plan to begin research in this area within the next three to five years.

According to Odaily, Bitwise CEO Hunter Horsley recently shared his insights on social media platform X, expressing optimism about the future of Ethereum (ETH) and other Layer 1 blockchains. Horsley emphasized that a bearish outlook on Ethereum is unlikely to persist in the long term. He clarified that supporting Ethereum does not preclude being bullish on other Layer 1 blockchains, suggesting that both can thrive simultaneously.Horsley highlighted the potential for significant growth within the Layer 1 blockchain category, indicating that the success of one platform does not necessitate the decline of another. This perspective underscores a broader view of the blockchain ecosystem, where multiple platforms can coexist and expand, contributing to the overall advancement of the technology. His comments reflect a balanced approach to the competitive landscape of blockchain platforms, advocating for a scenario where diverse technologies can achieve success without undermining each other.

According to Decrypt, Shiba Inu (SHIB), the second-largest dog-themed cryptocurrency by market capitalization, experienced a significant price surge on Saturday, reaching an eight-month high. The Ethereum-based token spiked to $0.00002969 before slightly retreating to $0.00002897. Despite the slight decrease, SHIB remains up over 12% for the day. The last time Shiba Inu reached such a peak was on April 1. Among the top 50 cryptocurrencies by market cap, SHIB is the leading gainer, with Filecoin following with a 10% increase.While Shiba Inu leads the charge, other dog-themed meme coins have shown mixed performance. Bonk (BONK) and Dogwifhat (WIF) have each seen modest gains of approximately 1% over the past 24 hours. However, Floki (FLOKI), another Ethereum-based token, has risen by nearly 6% today. Dogecoin (DOGE), the most prominent meme coin, is approaching a one-week high with a current price above $0.43, marking a 3% increase for the day. Last Saturday, DOGE reached a three-year high of $0.475, and it has surged by 164% over the past month.

According to BlockBeats, data from Cryptorank reveals that Grayscale Trust Investment's cryptocurrency holdings experienced a significant market value increase of over 85% in the past month. This growth in Grayscale's portfolio was primarily driven by the performance of several key cryptocurrencies. Notably, Stellar (XLM) led the surge with an impressive rise of over 469% during the same period. Ripple (XRP) also contributed significantly, with its value increasing by more than 262%. Additionally, Decentraland (MANA) ranked third in terms of growth, with its price climbing over 105% in the last month.The remarkable performance of these cryptocurrencies has sparked discussions among analysts, who are increasingly anticipating the arrival of an 'altcoin season' by early 2025. This period is expected to see a surge in the value of alternative cryptocurrencies, with Ethereum (ETH) potentially reaching $4,000. Analysts suggest that this milestone could be achieved by January 20, 2025, coinciding with the anticipated inauguration of President Trump. The growing optimism around altcoins is fueled by the recent market trends and the potential for further gains in the cryptocurrency sector.

According to BlockBeats, the founder and CEO of Global Macro Investor recently stated that Bitcoin has entered the 'parabolic phase' of its current market cycle. The correlation between Bitcoin and the Global Macro Investor's total liquidity index suggests that Bitcoin's price could rise to a local high of over $110,000 by the end of January 2025. However, it is expected to fall below $70,000 in February 2025. This index provides an overview of the balance sheets of all major central banks. Despite this potential dip below $70,000, which is attributed to what Pal describes as a 'temporary liquidity peak,' the decline is expected to be short-lived. Liquidity is anticipated to continue rising until the third quarter of 2025. Other analysts predict that global liquidity will peak by the end of January 2026. Historical data indicates that Bitcoin could absorb up to 10% of the new money supply. With an expected $20 trillion increase in liquidity, this could attract $2 trillion in new investments into Bitcoin by 2025.