The December 19 Blockchain Bulletin highlights a dynamic landscape in the cryptocurrency market. Bitcoin continues to hold strong above $100,000, with a peak of $108,000 sparking optimism among investors and analysts. Bitfinex predicts a potential price surge beyond $200,000, fueled by global Bitcoin reserve strategies and rising institutional demand. Altcoins like XRP have also shown remarkable resilience, with a November surge of 464% and analysts targeting a $5 valuation. Stablecoins remain robust, led by Tether (USDC), which recorded a $40 million net inflow and announced strategic investments to expand European adoption. Conversely, meme coins have seen a downturn, with trading volumes falling by over 50% in the past month. On the regulatory front, ASIC has filed a lawsuit against Binance Australia for allegedly misclassifying retail clients as wholesale investors, citing compliance deficiencies. Meanwhile, Metaplanet, dubbed Asia’s MicroStrategy, has launched Bitcoin Treasury Operations, signaling a shift in business strategy to integrate Bitcoin into its financial framework. These developments underscore the rapidly evolving crypto market and its increasing intersection with global finance and regulation.

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