On Dec 02, 2024, 07:24 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 96,000 USDT and is now trading at 95,813.257813 USDT, with a narrowed 0.67% decrease in 24 hours.

According to BlockBeats, on December 2, Zhu Su, co-founder of Three Arrows Capital, shared insights on social media regarding the evolving dynamics within the cryptocurrency industry. Zhu Su highlighted a significant shift from infrastructure-led initiatives to a focus on product development. This transition marks a departure from the traditional emphasis on building foundational infrastructure to a more product-centric approach.

Zhu Su noted that investing in products carries higher risks comp

According to BlockBeats, on December 2, cryptocurrency analyst PlanB shared insights on X regarding Bitcoin's market trajectory over the coming years. PlanB highlighted that Bitcoin has already achieved the first two milestones outlined in his September forecast. The cryptocurrency reached $70,000 in October and nearly hit $100,000 in November, closing at $99,800. This marked the creation of the largest monthly candle in history, valued at $26,000.

PlanB further elaborated on Bitcoin's future t

According to Odaily, Michael Saylor, co-founder and executive chairman of MicroStrategy, recently criticized the cash management strategy of Warren Buffett's company, Berkshire Hathaway, during an interview on the PBD Podcast. Saylor highlighted the inefficiency of Berkshire's $325 billion cash reserve, suggesting that it yields a maximum post-tax return of only 3% while facing a capital cost of 15%. This results in a negative real return of 12%, equating to an annual shareholder value loss of $

According to Cointelegraph, billionaire Elon Musk has filed a motion to prevent OpenAI, the creator of ChatGPT, from transitioning into a for-profit entity. Musk's legal action, submitted on November 30, accuses OpenAI, its CEO Sam Altman, President Greg Brockman, and stakeholder Microsoft of engaging in anti-competitive practices that violate the terms of Musk’s initial contributions to the organization.

Musk, who co-founded OpenAI in 2015 and served on its board until 2018, has since establis

According to Foresight News, recent data from Blur indicates a significant recovery in the floor prices of blue-chip NFT collections over the past week, with increases exceeding 30% across the board.

The Bored Ape Yacht Club (BAYC) has seen a remarkable rise, with its floor price climbing by 75.95% to currently stand at 21.29 ETH. This surge highlights the growing interest and demand for this particular NFT series, which has consistently been a leader in the digital collectibles market.

Simila

According to Cointelegraph, MicroStrategy chairman Michael Saylor has presented a compelling case to Microsoft's board of directors, suggesting that the tech giant could significantly boost its market capitalization by investing heavily in Bitcoin. Saylor, a well-known advocate for Bitcoin, argued that Microsoft could potentially add nearly $5 trillion to its market cap by fully embracing the cryptocurrency.

In a brief yet impactful presentation, Saylor delivered his pitch to Microsoft's board,

According to Odaily, the Solana ecosystem domain project sns.sol has announced the appointment of a new growth leader. The project has brought on board @0xlight, a former partner at GBV Capital, to spearhead its growth initiatives. This strategic move is expected to enhance the project's development and expand its reach within the blockchain community.

The appointment of @0xlight is seen as a significant step for sns.sol, as the project aims to leverage his expertise and experience in the block

According to PANews, on December 1, local time, the White House released a statement regarding U.S. President Joe Biden's pardon of his son, Hunter Biden. Following this announcement, President-elect Donald Trump took to social media to express his disapproval of Biden's actions.

Trump criticized Biden's decision, stating that using presidential power to pardon Hunter Biden constitutes an abuse of power and a misjudgment. This development has sparked discussions about the implications of presi

According to BlockBeats, the emergence of the 'Trump Trade' in November has significantly influenced global market trends. Last week, all three major U.S. stock indices rose, each gaining over 1% for the week. The Dow Jones Industrial Average increased by 7.5% and the S&P 500 by 5.7%, marking their largest monthly gains this year. The Nasdaq Composite also saw a cumulative rise of over 6%. Large technology stocks experienced widespread gains, with Tesla surging over 38% in November, its best per

According to Odaily, Robert Kiyosaki, the author of 'Rich Dad Poor Dad,' recently shared his insights on Bitcoin's price movements. In a post on X, Kiyosaki noted that Bitcoin's price has been stagnant below $100,000. He suggested that this could lead to a potential drop to $60,000. Despite this possibility, Kiyosaki expressed his intention not to sell his holdings. Instead, he plans to purchase more Bitcoin during any price corrections.

Kiyosaki further predicted that Bitcoin might stabilize a

According to PANews, recent data from SoSoValue reveals a mixed performance in Bitcoin spot ETFs over the past trading week, from November 25 to November 29. The overall net outflow for Bitcoin spot ETFs amounted to $138 million. Grayscale's ETF, GBTC, experienced a significant net outflow of $194 million during the week, bringing its total historical net outflow to $20.52 billion.

In contrast, BlackRock's ETF, IBIT, demonstrated strong performance with a net inflow of $405 million, making it t

According to Cointelegraph, Boyaa Interactive International, a Hong Kong-based company known for its online card and board games, has made a significant move in its treasury management by converting its Ether holdings into Bitcoin. The company announced on November 29 that it had exchanged 14,200 Ether, valued at over $49 million, for approximately 515 Bitcoin between November 19 and November 28.

This strategic decision has increased Boyaa Interactive's Bitcoin reserves to 3,183 BTC, valued at

According to Foresight News, CNBC reports that Coinbase's Chief Policy Officer, Faryar Shirzad, has expressed optimism about the future of cryptocurrency legislation in the United States. Shirzad highlighted that with the current Congress being the most crypto-friendly in history and a president who is particularly supportive of digital currencies, significant progress is anticipated in the legislative landscape.

Shirzad predicts that by 2025, there will be substantial advancements in market st

According to BlockBeats, on December 2, Cobo's co-founder and CEO, Shenyu, expressed surprise over the emergence of an altcoin season at the end of November. In a post on X, Shenyu admitted, 'I was wrong, I didn't expect the altcoin season to arrive at the end of November.'

Previously, Shenyu had stated that there would be no altcoin season in the current cycle. This unexpected development in the cryptocurrency market has caught the attention of industry observers, as altcoin seasons are typica

According to Odaily, the Russian Central Bank has announced significant progress in its efforts to combat illegal peer-to-peer (P2P) cryptocurrency transactions. The bank claims that the number of high-risk P2P transactions in the country has decreased by 2.8 times compared to 2023. This assertion was made in the latest financial stability assessment, which focused on the economic performance of the second and third quarters of the 2024 fiscal year.

The Russian Central Bank has been collaborati

According to BlockBeats, recent data from the CME's 'FedWatch' tool indicates that there is a 32.9% probability that the Federal Reserve will maintain its current interest rates through December. Meanwhile, there is a 67.1% chance that the Federal Reserve will implement a cumulative rate cut of 25 basis points.

These probabilities reflect the market's expectations regarding the Federal Reserve's monetary policy decisions as the year comes to a close. The Fed's interest rate decisions are closel

According to CoinDesk, Ethereum is currently experiencing a positive trend, offering promising signals for its native token, ether (ETH). The cryptocurrency's price chart reveals a pattern similar to the one observed in bitcoin (BTC) before its significant rally last month.

Ether's three-line break chart, which eliminates daily fluctuations and erratic price changes, indicates that the eight-month corrective trend marked by lower highs and lower lows has concluded. The broader upward trend from

On Dec 02, 2024, 05:30 AM(UTC). According to Binance Market Data, Ethereum has dropped below 3,700 USDT and is now trading at 3,698.620117 USDT, with a narrowed narrowed 0.24% increase in 24 hours.

According to Odaily, trader and analyst 'Daan Crypto Trades' recently shared insights on X, stating that Bitcoin has entered its price discovery phase for the current cycle. The analyst highlighted that Bitcoin's price has surpassed its previous all-time high nearly a month ago, suggesting that the coming months could present significant bullish opportunities for the cryptocurrency.

Daan Crypto Trades pointed out that in previous cycles, Bitcoin experienced substantial gains following the disco