El Salvador could make a small change to its Bitcoin law! 💰 Under a new deal with the IMF, the requirement for Salvadoran merchants to accept Bitcoin could be lifted and made optional. The change is one of the conditions for the country to access a $1.3 billion loan program.
Bitcoin’s declaration of legal tender in 2021 caused a stir. However, Bitcoin usage is still low. How do you think this change will affect Bitcoin adoption? Share your thoughts in the comments! 📢
November was a historic month for the crypto market in terms of performance, activity, and sentiment! 📈 According to a report by JPMorgan, the re-election of President-elect Donald Trump has caused a historic rally in the crypto ecosystem. The total value of the crypto market increased by 45% to $3.3 trillion.
- Crypto trading volumes doubled, but NFT volumes were weaker. - ETPs in the US saw record sales. - Bitcoin ETPs are growing, but BTC spot trading volumes are not affected.
Do you think this rally will continue? Share your thoughts in the comments! 💬
MicroStrategy continues to invest in Bitcoin (BTC) without slowing down! 🚀 Last week, it bought an additional 21,550 BTC, bringing its total assets to 423,650 BTC. These purchases were financed with $2.1 billion from the company's stock sales. As the price of Bitcoin exceeded $100,000, there was a new inflow of $2.73 billion into spot BTC ETFs in the US. 💰
Did MicroStrategy's move contribute to BTC market movements? Share your thoughts in the comments! Also, did you know that Riot Platforms is preparing to buy $500 million worth of BTC?
🍕 A new record in the Bitcoin world! OrdinalsBot has contributed the largest file to the Bitcoin blockchain under the name "Pizza Ninja No. 1500". This file is 3.969429 MB in size and is part of the phenomenon called "four meggers". The term "four meggers" describes files that are almost 4 MB in size and these files are permanently present on the blockchain.
🔍 Thanks to the Ordinals protocol, data can be processed in satoshis, the smallest unit in Bitcoin, making each one unique and potentially valuable. What do you think about this? Let's meet in the comments!
Solana-based decentralized exchange Jupiter approves two-year, $860 million incentive plan for JUP tokens! 🎉
- The “Jupuary” vote has been revised to make token distribution more equitable. - Airdrops will be based on users’ interactions with the protocol. - Bots and those looking for short-term gains will be excluded. - JUP prices are down 7% in the last 24 hours, but could this be a long-term investment opportunity?
Bitget, a fast-growing crypto exchange, is looking for local partnerships to enter the US market. The Trump administration’s crypto-friendly stance is encouraging this strategy. However, complicated licensing processes and high costs in the US are a hurdle. Bitget could pursue a similar strategy in the UK with its partnership with Archax. 📈
Bitget, which increased its user base with the TON investment in Nigeria, is cautious in Russia and India. In China, users are bypassing the restrictions with VPNs. Share your thoughts in the comments! 💬
The CoinDesk 20 Index is trading at 3857.2, down 3.7% as of 16:00 on Friday. 📉
- Leaders: XRP is in positive territory, up 1.3%. LINK is down slightly, down 0.1%. - Laggards: FIL is down 13.0% and ETC is down 11.7%, among the biggest losers.
The CoinDesk 20 is a broad-based index traded on multiple platforms worldwide. Share your thoughts on the market in the comments! 💬
🔍 In the crypto world, Bitcoin (BTC) and Ethereum (ETH) started this week with losses. While BTC struggled at the $100,000 level, Amazon shareholders' call to invest in Bitcoin is drawing attention. 📉
- BTC's "value days destroyed" (VDD) indicator indicates that old coins are being sold. This usually indicates the end of a bull market. - ETH lost more value than BTC, but the DeFi sector is on the rise. DeFi's market cap increased by 28% to $151.9 billion.
Do you think these trends will continue? Share your thoughts in the comments! 💬
- Ethereum Layer-2 network Movement is built using MoveVM and will launch the MOVE token on Monday. - MOVE will be listed on Binance’s airdrop portal and will be available on South Korea’s leading exchanges Upbit and Bithumb. - Movement Labs raised $38 million led by Polychain Capital. - Total MOVE supply is 10 billion; 10% reserved for early adopters and the community. - You can claim the airdrop on Ethereum or wait for a 25% bonus on the Move network.
Bitcoin started the week with a decline! 📉 BTC, which briefly exceeded the $ 100,000 level in the European morning hours, lost 2%. This decline caused major cryptocurrencies such as XRP, DOGE and SOL to lose up to 5.5%. ADA suffered the biggest loss of 7%, which came after the temporary seizure of the Cardano Foundation's X account.
- A total of $ 300 million worth of long positions were liquidated. - The largest liquidation on Binance: $ 5.53 million DOGE transaction. - QCP Capital predicts the market will remain in a narrow range until 2025.
- Bitcoin is trading at record highs close to $100,000. It is important to determine resistance levels at these new highs. - On Deribit, the $120,000 BTC option is the most popular contract, with $1.93 billion in open interest. - XRP is trading at $2.44. The $2.8 option draws attention with $2 million in open interest.
What do you think will be the next targets for Bitcoin and XRP? Share your thoughts in the comments! 💬
Radiant Capital, the DeFi protocol, attributed a $50 million attack in October to North Korean hackers. 📉
- The attack began in mid-September with a fake Telegram message. The message came from a threat actor posing as a former contractor. - The message mentioned a new career opportunity in smart contract auditing and asked for feedback. The file in the message contained malware. - The hackers gained access to the computers and obtained several private keys.
What do you think about these types of attacks? Let’s discuss them in the comments! 💬
Amazon shareholders suggest the company should diversify its reserves with Bitcoin! 💡 Shareholders considering following MicroStrategy’s lead want Amazon to invest in Bitcoin to increase shareholder value in the long term.
- Bitcoin has surged 134% this year to over $100,000. - MicroStrategy shares are up more than 500%. - Amazon’s $585 billion in assets do not include Bitcoin.
Do you think Amazon should invest in Bitcoin? Share your thoughts in the comments! 💬
Amazon shareholders are suggesting that the company invest in Bitcoin to protect its reserves against inflation and increase shareholder value. 🎯 Following MicroStrategy’s lead, it is stated that Amazon should invest 5% of its assets in Bitcoin. Bitcoin has increased by 134% this year and has exceeded $100,000. Compared to Amazon’s 49% increase, MicroStrategy shares have increased by more than 500%. Do you think Amazon should invest in Bitcoin? Share your views in the comments! 💬
The US Financial Stability Oversight Council (FSOC) has highlighted the potential risks that stablecoins and digital assets pose to the financial system in its 2024 report. The absence of federal regulation for stablecoins could threaten financial stability. The FSOC is calling on Congress to take action. 📊
Tether’s USDT accounts for 70% of the global stablecoin market. This, combined with market concentration and transparency issues, increases the risks.
How risky do you think stablecoins are to the financial system? Share your thoughts in the comments! 💬
There was some good news for crypto users this Thanksgiving! 🎉 The Fifth Circuit Court ruled that the Treasury Department exceeded its authority in placing Tornado Cash software on the sanctions list. The court said that the software could not be considered “property.” This decision made a big impact in the crypto world. 📈
How do you think this decision will affect the crypto market? Share your thoughts in the comments! 💬
This morning, documents released as a result of a lawsuit filed by Coinbase revealed the U.S. government’s efforts to block banking services for the crypto industry. The FDIC sent 23 letters to banks demanding they stop trading in crypto assets. The documents prove that the crypto industry has long suspected that “Operation Chokepoint 2.0” is real. 💼💡
What do you think of these developments? Let’s discuss in the comments! 👇
Bitcoin hits $100,000! 🚀 A major milestone in the crypto world. However, there is another topic that my friends are interested in: Hawk Tuah coin. This memecoin, launched by Haliey Welch, quickly reached $500 million but then fell below $30 million. It was in the news with insider trading allegations and high swap tax.
Do you think memecoins are reliable? Let's meet in the comments! 💬
What do you think about this historic rise of Bitcoin? How do projects like Hawk Tuah affect the image of the crypto world? Share your opinions!
🚨 Solana's memecoin platform Pump.fun has closed access to crypto investors in the UK! The reason? "Laws and regulations."
- The UK's Financial Conduct Authority said the platform was offering permissionless financial services. - Pump.fun was the go-to address for memecoins on the Solana blockchain and hosted massive projects like PNUT and WIF. - The founders raised $250 million developing the app in the UK.
Share your thoughts on this development in the comments! 💬
🚀 Ethereum (ETH) price has risen above $4,000 for the first time since March! It’s up 2.4% in the last 24 hours and 8.4% in the last seven days. This rally comes on the back of record inflows into spot ether ETFs. 📈
- ETH is currently trading at $4,033, just 2% away from hitting a new high in 2024.
- The ETH/BTC ratio has reached 0.04.
- The ether price on Coinbase is higher than Binance, indicating demand in the US.
Active addresses on the Ethereum network are increasing, which is constraining the supply of ether, supporting the price. Share your thoughts in the comments! 💬