Bitcoin on the Rise: Bitcoin's price continues to climb, potentially signaling the end of the "crypto winter" [Independent]. Some analysts are even placing bullish bets on its future value [Independent]. Meme Coin Slump: Meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) are experiencing a significant price drop [Binance Square]. Liquidations: The crypto market saw $306 million in liquidations over the past 24 hours, with Bitcoin and Ethereum leading the pack [Binance Square].
Other News:
US Developments: The recent approval of the first Bitcoin ETFs in the US is seen as a win for Wall Street, while Genesis, a major crypto company, is reportedly considering bankruptcy filing [Euronews]. Solana Update: A developer for Solana has ended the "Mempool" function, potentially impacting the network [Coindesk]. Bitcoin Ordinals Wallet Funding: A new Bitcoin Ordinals wallet, Oyl, has secured $3 million in funding from prominent investors [Coindesk].
Bitcoin (BTC): Prices are still climbing, with some analysts predicting a possible reach of $150,000 by the end of the year https://www.coindesk.com/price/bitcoin/. This comes after a record high in Euros and increasing trade volume https://www.coindesk.com/price/bitcoin/. Ethereum (ETH): Ethereum is also on the rise, surpassing the $3,900 mark https://www.binance.com/en/price/ethereum.
Other Interesting News:
AI Tokens: While Bitcoin and Ethereum are making gains, AI tokens seem to be losing some steam after a recent surge https://cointelegraph.com/. Solana: Investment firm Pantera Capital is reportedly looking to buy Solana (SOL) at a discount with a new fund https://www.coindesk.com/indices/slx. There's also a new Solana meme coin, Dogwifhat (DWF), that recently reached record highs https://cointelegraph.com/. Regulation: The Federal Bureau of Investigation (FBI) reported a significant increase in cryptocurrency scams in 2023, highlighting the need for caution https://cointelegraph.com/.
Remember: Cryptocurrencies are a volatile market, so do your own research before making any investment decisions.
Reached a new all-time high briefly, but has since experienced volatility with a 10% drop and over $1 billion in liquidations. [CoinDesk] Bitcoin ETFs saw record trading volume of over $10 billion amidst the price action. [CoinDesk] Some older miners are cashing out as Bitcoin tests its all-time highs. [CoinDesk]
Other Cryptocurrencies:
Terra (LUNA) surged 33% to break past the $1.1 USDT mark. [Binance Square] Fantom is seeking to recover funds lost in a $200 million exploit on Multichain. [CoinDesk] Shiba Inu (SHIB) prices briefly dropped 50% on Coinbase, but have since recovered. [CoinDesk]
General News:
DWF Labs invested $10 million in TokenFi to support their development of AI products. [Binance Square] BlackRock and Fidelity's proposals for spot Bitcoin ETFs were pushed back by the SEC. [Cointelegraph]
Bitcoin (BTC): Price continues its upward climb, nearing $67,000 and surpassing its all-time high in euros. However, analysts are cautious, with some predicting a potential pullback after the recent surge. Tether (USDT): The leading stablecoin reaches a historic $100 billion market cap, reflecting increased activity in the crypto trading market. Shiba Inu (SHIB) and Wrapped Inverse Finance (WIF): Both tokens experience significant price increases of over 60%, causing significant losses for short sellers who bet against their rise.
Other News:
US Lawmakers: Debate continues over the potential creation of a central bank digital currency (CBDC) and the role of banks in crypto custody. Decentralized Finance (DeFi): Experts predict a potential comeback for the DeFi sector, which has faced challenges in recent months. Regulations: UK authorities are expected to gain more power to seize crypto assets in cases related to financial crimes.
Bitcoin: Price rejected at $53,000, futures open interest at a 2-year high, mining difficulty increases significantly https://cointelegraph.com/.
Ethereum: Price increase attributed to anticipation of the Dencun upgrade, Grayscale reports https://www.theblock.co/.
Regulation:
US: A $30 billion financial advisor platform approves only four Bitcoin ETFs, raising questions about the future of Bitcoin ETF approvals https://www.theblock.co/.
Nigeria: Crypto access issues raise questions about the country's regulatory intentions https://cointelegraph.com/.
Companies:
Riot Platforms: Bitcoin mining company generated record revenue in 2023, but warns of chip shortage and climate regulation risks https://cointelegraph.com/.
MicroStrategy: Company's X account hacked, used to shill a phishing scam https://cointelegraph.com/.
FTX: Settles dispute and sells its European arm for $33 million https://cointelegraph.com/.
Other news:
Stablecoins: Total supply of USD-pegged stablecoins surpasses $128 billion, according to Glassnode https://www.coindesk.com/.
Security: Privacy concerns raised after KYC documents leak from Aleo https://cointelegraph.com/.
Bitcoin price faces resistance after brief surge above $53K. Analysts caution about consolidation ahead. (CoinDesk) Ethereum flirts with $3,000 mark but retreats slightly. (CoinDesk) VanEck's Bitcoin ETF sees massive trading volume increase of 1,400% in a day. (Cointelegraph)
Regulation:
Hong Kong lays out provisional guidance for crypto custody. (The Block) Circle to stop minting USDC on Tron network due to "regulatory uncertainty." (Cointelegraph) Pro-crypto super PAC Fairshake receives $4.9 million donation from Gemini founders. (The Block)
Industry:
Michael Saylor reiterates his commitment to "forever buying Bitcoin," calling it the "exit strategy." (Cointelegraph) Stellar launches smart contracts after resolving bug fix delays. (Cointelegraph) Hack VC raises $150 million to invest in crypto and AI startups. (Cointelegraph)
Other:
MetaMask active user count surges 55% in four months, reaching over 30 million. (Binance) Optimism distributes over $40 million worth of OP tokens in its fourth airdrop. (The Block)
Bitcoin continues to hover around the $52,000 mark, with some analysts aiming for a short-term target of $55,000.
Crypto exchange-traded products (ETPs) are experiencing a bull run, reaching $67 billion in assets under management (AUM), the highest since December 2021.
Worldcoin's WLD token is surging, potentially benefiting creditors of collapsed crypto firms like Three Arrows Capital and FTX.
Regulations:
South Korea's ruling party considers allowing spot Bitcoin ETFs, according to reports.
The UK could pass regulations for stablecoins and staking within six months.
Y Combinator calls on startups to build solutions for stablecoins, the metaverse, and AI.
Bitcoin: Price is hovering around $52,000, up over 5% in the last 24 hours. Some analysts are predicting a push towards $55,000 or even $69,000. Ethereum: Following Bitcoin's lead, Ethereum is also up over 6% and trading above $2,800. Overall market: The total crypto market capitalization is nearing $2 trillion.
News Stories:
Coinbase stock surges 37% on optimism about Bitcoin's price rally and potential strong Q4 earnings. Two Ethereum DeFi traders make $120 million using a "looping" strategy. Court rules Genesis can sell over $1.3 billion worth of GBTC shares, potentially impacting the Grayscale Bitcoin Trust. EU committee greenlights world's first AI legislation, which could have implications for blockchain and crypto projects. Bitcoin OG predicts a $600,000 price by 2026.
Bitcoin: Currently trading above $51,000, regaining its $1 trillion market cap. Some analysts target $64,000 as BlackRock's ETF nears $500 million in daily inflow. Solana: Rallied 19% in a week, with some predicting it could reach $120. Chainlink hit a 1-year high above $20. Ripple: XRP price struggles near $0.53 as Ripple pivots focus from payments to custody.
Industry developments:
Crypto Trading: Hitting its busiest pace since June 2022, indicating increased activity.
Bitcoin ETFs: Continue to see high volume, with BlackRock and ProShares surpassing GBTC's daily volumes. However, analysts predict many issuers might not "break even." Regulations: The UK government outlined a "world-first" crypto regime, while China softened its stance on crypto, potentially impacting Bitcoin price. Scams: New Solana "drainers" identified, highlighting ongoing security concerns.