Tether's USDT stablecoin market cap hit a new all-time high | AuthSANKchain na Binance Square

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Tether's USDT stablecoin market cap hit a new all-time high of $135bn.

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Bitcoin fell 6.8% from over $101,000 to a low of $94,624 in the span of just 24 hours.

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Fox reported Eleanor Terrett said the Digital Chamber's Token Alliance met with pro-crypto SEC Commissioners Hester Peirce and Mark Uyeda, outlining the proposed Day 1 priorities of Donald Trump's new administration, including: ⚫ Rescind 2019 framework for "investment contract" analysis of digital assets, saying it was too broad and impractical. ⚫ Withdraw and reconsidered proposed amendments to Rule 3b-16, expanding the definition of "exchange" to include Decentralized Finance (DeFi) markets. ⚫ Immediately review all existing digital-asset-related investigations, Wells Notices, and in-process litigation cases. ⚫ Withdraw and reconsider the proposed Safeguarding Rules, which include eliminating state banks and trusts as qualified custodians for digital assets. ⚫ Rescind SAB 121, which creates accounting problems by requiring custodial entities to hold assets in their balance sheet and potentially publish a revocation order in the Federal Register.

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Over $830m was liquidated in the crypto market over the past 24 hours as Bitcoin fell below $100,000.

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A Kaiko report revealed key developments in the 2024 European crypto market, including: ⚫ Euro trade volume stayed above 2023 levels, with €50bn in November, nearly doubling that of October. ⚫ BTC-EUR surpassed BTC-JPY for the first time, surging from 3.6% from the start of the year to 9.9%. ⚫ Euro-backed stablecoins saw a record monthly volumes, nearing $800m in November. ⚫ MiCA-compliant stablecoins dominated the market share, growing from around 20%-30% to 90.6%.

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The Assets Under Management (AUM) of Bitcoin ETFs in the U.S. has now surpassed that of gold ETFs, marking a significant milestone for Bitcoin despite gold's 20-year head start.

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Bitcoin(BTC) Surpasses 97,000 USDT with a Narrowed 2.80% Decrease in 24 Hours

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