Tabitha Arviso YIXW

Ethereum surpasses Bitcoin in revenue

Over the past year, Ethereum has generated $2.72 billion in fee revenues, significantly outperforming Bitcoin, which brought in $1.30 billion. Other notable networks include the Tron Network with $459.39 million, Solana, Binance Smart Chain, and Avalanche, among others.

[$BTC $ETH #Ethereum_ETFs_Expected_Date #BinanceTurns7

South Korea saw record trade volume of over $34 billion across local spot cryptocurrency exchanges in the past 24 hours, during which the country’s president declared emergency martial law, which lasted six hours.

According to data from CoinMarketCap, South Korean exchanges Upbit, Bithumb, Coinone, Korbit and Gopax recorded a combined crypto trading volume of $34.2 billion in the 24 hours leading up to 10:30 a.m. in local time on Wednesday. Upbit, South Korea’s largest exchange, processed $27.25 billion worth of crypto alone.

The 24-hour trading volume nearly doubled the $18 billion recorded on Dec. 2, which had already made headlines for surpassing the daily volume of the local stock market. According to local crypto news outlet Digital Asset, Tuesday’s trade volume recorded the highest single-day total this year.$BTC $BTC #Share1BNBDaily #Share1BNBDaily #BNBHitsATH

Story Highlights
Bitcoin struggles to break the $98.7k resistance, with declining whale activity and a potential midterm correction looming, according to analysts.

On-chain data shows long-term Bitcoin holders reducing balances, while institutional FOMO continues to drive a decrease in Bitcoin supply on centralized exchanges.

Bitcoin’s (BTC) price has failed to rally beyond the crucial threshold of around $98.7k in the past three weeks, signaling potential midterm correction. The $100k crusade could have to wait a while longer before the bullish momentum gains traction.
#Share1BNBDaily #MicrosoftBTCInvestmentVote $ETH
Furthermore, the volume of Bitcoin’s daily active address and whale activities has significantly declined in the past week. Ordinarily, a rebound in the two factors is needed to guarantee a bullish continuation for Bitcoin in the near term.

A Chainlink whale has caught the attention of crypto market enthusiasts, heavily accumulating the crypto amid its recent price rally. On-chain data on Tuesday pointed out that a whale bagged nearly $6 million worth of the token, sparking optimism on the asset’s future movements. Meanwhile, LINK price also soared nearly 30% intraday, further cementing market optimism in the light of the massive whale accumulation.

Chainlink Whale Bags $6M Worth Tokens Igniting Market Bullishness
According to data from Debank.com dated December 3, the whale address 0x73d3 has caught the eyes of the investors with his recent bet on LINK token. Notably, this Chainlink whale bought 269,861 LINK, worth $6.68 million, amid the coin’s latest upside movement.#Share1BNBDaily $BTC #MicrosoftBTCInvestmentVote

Whale activity has emerged as another factor in SHIB’s recent price movement. Data from IntoTheBlock reveals that large holder netflow increased by 256% on November 21. These substantial investors, often referred to as whales, accumulated 393.48 billion SHIB tokens, valued at over $9.8 million.

The accumulation by whales marks a sharp contrast to the previous day’s activity, which saw selling pressure of approximately $6 million. This shift in large holder behavior suggests changing market sentiment among institutional and wealthy individual investors.$ETH $BTC #MicrosoftBTCInvestmentVote

Crypto miners made $100K at an Airbnb, running a $1.5K bill for host

Ashley Class, an Airbnb host, discovered that her guests had set up a cryptocurrency mining operation at her North Carolina property, leaving her with a $1,500 electricity bill, having made $100,000 from mining there. The guests used at least ten computers for mining.

After providing footage from her outdoor cameras showing the guests bringing in computers and setting up an electric vehicle charging station, Airbnb held the guests accountable, and they paid the bill. To prevent such incidents, Ashley added new house rules for no crypto mining and no electric vehicle charging.$BTC

US government transfers 10,000 BTC to Coinbase

The US government transferred 10,000 BTC, worth about $540 million, to Coinbase. This action is linked to previously confiscated funds from Silk Road and has sparked discussions within the cryptocurrency community. The government has moved a total of 15,999 BTC to Coinbase this year alone, yet still holds around 203.6K BTC, valued at approximately $11.91 billion.$SOL #BecomeCreator

The US financial regulator has confirmed a key security procedure on its X account had been suspended for six months when hackers made a fake post about Bitcoin in January.

The cryptocurrency surged in value before the post was deleted.
The Securities and Exchange Commission (SEC) did not have multi-factor authentication (MFA) in place when hackers gained access to the account.
Cyber-security experts say it should be a wake-up call for other agencies.
"While the SEC's X account hack is a minor security incident, all governmental agencies should review the security of their social network accounts," said Ilia Kolochenko from cyber-firm ImmuniWeb.
He pointed out that a similar incident at a body such as the US Department of Defense could have more "devastating consequences".
"While MFA had previously been enabled on the @SECGov X account, it was disabled by X Support, at the staff's request, in July 2023 due to issues accessing the account," the SEC said in a statement.
"Once access was re-established, MFA remained disabled until staff re-enabled it after the account was compromised on January 9.
"MFA currently is enabled for all SEC social media accounts that offer it."#ETH_ETF_Approval_23July #SOFR_Spike

Tim Draper, investor

US venture capitalist investor Tim Draper made headlines in 2014 when he bought 30,000 bitcoins that had been seized by police from Silk Road and auctioned by the US government. At the time the coins cost him $17 million. Although he doesn't declare how many coins he now owns, he told crypto website Protos in 2022 that he has not sold any and is still buying bitcoins, so we can assume his holding has increased significantly.#BinanceTurns7 #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip $BTC

The price of Bitcoin is close to its all-time high, thanks in large part to US finance giants.

Investment firms like Grayscale, BlackRock and Fidelity, are pouring billions of dollars into buying the volatile digital asset.
In the last few weeks, these powerful institutions have become so called 'Bitcoin whales'.
Because of Bitcoin's system there will only ever be 21 million bitcoins.
19 million have been created, but many are already accounted for and probably off the market.#BinanceTurns7 #Mt_Gox_BTC_Dip $BTC

Can Biden Outpace Trump on Cryptocurrency?

Key Takeaways

* The Chamber of Progress believes President Biden can improve his chances in the 2024 election by adopting a positive stance on crypto;
* They highlight that Trump capitalizes on the current regulatory uncertainty surrounding crypto to rally his base;
* The Chamber of Progress highlights Biden's veto of an SEC crypto rule and his opposition to the FIT21 Act as potential election issues.#CPI_BTC_Watch #BinanceTurns7 #Ethereum_ETFs_Expected_Date

BTC miners sold off a historic 30k BTC this month

Bitcoin miners have significantly increased their selling activity, offloading over 30,000 BTC since the beginning of June, the fastest rate seen in more than a year, with their reserves dropping to a 14-year low. This sell-off is said to be largely driven by the recent Bitcoin halving event which halved miners' rewards, coupled with a 15% decline in the Bitcoin hash rate, has squeezed profit margins.#CPI_BTC_Watch #BinanceTurns7

$584M outflow from crypto investment products

According to CoinShares, there has been a massive withdrawal of funds from cryptocurrency investment products, totaling $584 million last week, culminating in $1.2 billion over two weeks. Bitcoin investment products experienced the largest outflows, amounting to $630 million. Additionally, trading volumes for crypto ETPs have dropped to a new low of $6.9 billion for the week.#BinanceTurns7 #CPI_BTC_Watch

Bitcoin whale donated 8 BTC to Julian Assange to covering private jet costs

Julian Assange, the WikiLeaks founder, has returned to Australia after an extended legal ordeal in the UK, significantly aided by the cryptocurrency community. A notable Bitcoin whale donation of 8 BTC, valued at approximately $492,000, covered the expenses of Assange's private jet back to Australia.

Furthermore, AssangeDAO successfully raised $53 million in Ethereum to support his legal defenses against charges by the U.S. government.
#BinanceTurns7 #CPI_BTC_Watch

Huione Guarantee's $11 Billion Scam Network Busted by Elliptic

* Elliptic Research reports that Huione Guarantee facilitates scams across Southeast Asia, handling over $11 billion in transactions;
* Huione Guarantee operates thousands of messaging channels managed by merchants who offer services for cyber scams;
* The platform primarily uses USDT for transactions thus Elliptic was able to trace thousands of related crypto addresses.#Ethereum_ETFs_Expected_Date #BinanceTurns7

🎉 Congratulations on my fantastic achievement! 🎉

I've successfully made $100 through trading! 💵📈 That's an amazing milestone. My hard work and smart decisions are paying off. Keep up the great work, and here's to many more successful trades ahead! 🚀📈👏

Bitcoin Cash and the Mesh network embody the principles of decentralization. BCH prevents the domination inherent in traditional centralized financial structures, while Mesh network decentralizes internet access. Together, they lay the foundation for a parallel economy.#CPI_BTC_Watch #BinanceTurns7

(200 dollarlost trade)
"📉💸 Ugh, I just lost $200 in trading today. 😩 It was a tough day watching the market go down. 📉 I thought my strategy was solid, but the market had other plans. 📊💔 It's really frustrating when you put in the time and effort, only to see your money disappear. 💵💨 I need to rethink my approach and be more cautious next time. 🧠🔍 Trading can be such a rollercoaster! 🎢"

Sure, here's a brief text about winning $30:

"I just won $30! It's not a huge amount, but it feels great to have a little extra cash. Maybe I'll treat myself to something special or save it for a rainy day. Either way, I'm excited about my small win!"#Ton_Coin_Surge #BinanceTurns7 #BinanceTournament

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