Ethereum has faced a 4% dip, trading at $3,354.5 amid a broader crypto market decline, with the total crypto cap dropping to $3.32 trillion. Technical analysis shows Ethereum was rejected at the $3,524 zone, with MA 20 and 50 failing to provide support. A death cross on December 23 signaled this dip. Trading activity fell by 10.06%, and the long/short ratio at 0.846 reflects bearish sentiment as 54.17% of open trades are shorts.

CryptoQuant data indicates exchange reserves are declining, with only 19.05 million ETH held, suggesting confidence among investors as assets move to cold wallets. ETF flows on December 24 saw modest inflows, led by Blackrock’s ETHA at $43.90 million.


While the market appears bearish, declining exchange reserves suggest growing confidence in Ethereum's long-term prospects. The market's unpredictable behavior may lead to unexpected upward movement, rewarding strategic investors who act wisely despite short-term bearish trends.

Shiba Inu has unveiled SHIB: The Metaverse as a Christmas gift to fans. This virtual platform, powered by Shibarium, offers early access and aims to revolutionize online interactions. It lets users own digital land, create avatars, and host events, all within a decentralized space.

SHIB: The Metaverse is designed to be more than just a virtual hangout. It encourages creativity by allowing users to design their own spaces, whether it's a park, gallery, or something entirely unique. The focus is on personalization, with avatars representing each user’s identity, making the experience engaging and fun.

The project draws inspiration from groundbreaking ideas seen with companies like Netflix and Apple. Its goal is to achieve a major shift in how people connect, blending virtual and real-world engagement in an innovative way. Central to its vision is decentralization, offering ownership and control to users, which is a step beyond traditional platforms.

The metaverse is now live, but it's just beginning. The team encourages users to explore, build, and contribute to shaping this evolving virtual world. This launch marks the start of an exciting digital journey and invites people to be part of the next era of online interaction.

You can download the early access metaverse on your computer from shibthemetaverse(dot)io

Matador Technologies, a Canadian firm specializing in digital asset transformation, is integrating Bitcoin into its treasury to navigate economic challenges and align with future goals. The decision, unanimously approved by the Board of Directors, reflects concerns over Canada’s oil-dependent economy and rising national debt. To mitigate risks, Matador plans to invest $4.5 million in Bitcoin by the end of 2024, while also shifting cash reserves from Canadian dollars to US dollars.

Bitcoin’s appeal lies in its limited supply, making it a hedge against inflation. Matador also sees it as a cornerstone for their upcoming digital gold platform. Launching in 2025, this blockchain-based platform will allow users to trade tokenized gold stored at the Royal Canadian Mint. Bitcoin’s reliability and security align with Matador’s values of trust and permanence.

Sunny Ray, Matador’s President, and CEO Deven Soni both highlight Bitcoin’s strategic importance in securing the company’s future. The company plans gradual Bitcoin purchases and will finalize technology decisions for the platform by early 2025, followed by a limited release. Shareholders can expect ongoing updates on treasury management and platform progress.

Matador’s move signals a shift toward innovative financial strategies in an evolving global economy.

What came to your mind when you saw this picture?
A brief explanation is shared on my x. You know what to do.

Merry Christmas
🎄🎅

Uniswap has introduced Unichain, its own Layer 2 solution for DeFi, currently active on the Sepolia testnet since October. Built using the OP Stack framework, Unichain aims to enhance scalability and security. The testnet has already processed 50 million transactions, deployed over 4 million contracts, and maintained 99% uptime.

The mainnet launch, planned for early 2025, will feature permissionless fault proofs for blockchain validation, Flashblocks reducing block times to 250 milliseconds, a decentralized Unichain Validation Network, and Rollup-Boost by Flashbots for secure block building.

Unichain will integrate with Optimism’s Superchain ecosystem, with Uniswap Labs contributing to the OP Stack. If successful, it could set new standards for Ethereum Layer 2 solutions by focusing on speed, security, and decentralization.

With Uniswap already handling $1 billion in daily transactions, Unichain’s innovations could redefine DeFi’s future. The mainnet launch in 2025 is eagerly awaited to see if it lives up to its promise of revolutionizing DeFi.

Market is filled with rumors that UAE has secretly stashed a Bitcoin bag with 300k - 400k BTC.

With Bitcoin valued at $100k, this bag is worth $3 billion - $4 billion.

And looking at how UAE has been working to make crypto friendly policies, allowing people to receive salaries in crypto, viging VAT exemptions on digital transactions, launching Dirham pegged stable coin AE coin, people should not get surprised if these speculations come out to be true.

This is going to be a historical event for crypto space. And it will change the way nations approach the digital assets.

The US government already had 200k Bitcoin along with some other cryptos and they are pushing to make a bitcoin reserve. Things are changing fast for the crypto space.

Isn't it what we all have been working for?

Bitcoin currently trading at $104,825 with RSI at 53.74.

4 Hour chart:
Current price has the support of MA20. Looks like bears are trying to pull it down but the Moving Average is holding it. It is very important for BTC to cement the support at this level or it will fall to $103,606 again. If the support solidifies, it will try to break the ATH for a new one.

Good thing is that it is not going into overbought. If it takes a sudden surge and touches 120k then it would be very risky.

Also, as the market is in top, investors need to be very careful so they don't become the exit liquidity, not just for BTC but for alts and memes as well.

Not just in Web3 but any field in life, there is no growth without gaining knowledge and experience.