๐บ๐ธ๐ฎ The CFTC has issued notices of no-action against Polymarket, PredictIt, Gemini and LedgerX/MIAX, granting a conditional exemption from certain recordkeeping and reporting requirements. This means that the regulator will not seek enforcement as long as the platforms comply with certain compliance conditions when operating their prediction and derivatives market services. coindesk #regulation
๐ SEC Chairman Paul Atkins: U.S. financial markets are moving to "onchain." The SEC is prioritizing innovation and adoption of new technologies to enable this onchain future.
๐ Santiment: the lower the 30-day MVRV (average coin circulation time), the lower the risk of opening or increasing a position in short-term trading.
Negative values mean that average traders are losing money and there is an opportunity for the token to catch up. Positive values mean that average traders are making profits, and there is a risk of the token holding on because of the profits of other participants.
How the average trading returns are doing:
- #BTC: +2.4% (Neutral);
- #ETH: +7.2% (Slightly Overvalued);
- #XRP: -6.1% (Slightly undervalued);
- #LINK: -0.3% (Neutral);
- #ADA: -4.4% (Neutral).
Negative values mean that average traders are losing money and there is an opportunity for the token to catch up. Positive values mean that average traders are making profits, and there is a risk of the token holding on because of the profits of other participants.
How the average trading returns are doing:
- #BTC: +2.4% (Neutral);
- #ETH: +7.2% (Slightly Overvalued);
- #XRP: -6.1% (Slightly undervalued);
- #LINK: -0.3% (Neutral);
- #ADA: -4.4% (Neutral).
โ๏ธ Bloomberg: Coinbase plans to announce the launch of prediction markets and tokenized shares at a Dec. 17 presentation.
๐1
๐บ๐ธ #BTC Members of the U.S. House Financial Services Committee sent a letter to the chairman of the SEC urging him to update rules to allow bitcoin and other digital assets in 401(k) retirement plans. cryptopolitan
๐ต๐ฐ #BTC Chairman of Pakistan Virtual Assets Regulatory Authority: BTC and blockchain should be Pakistan's new financial rails. cointelegraph
๐ Coinbase-backed artificial intelligence payment protocol x402 is releasing V2, a series of backend enhancements designed to simplify the creation of customized payment flows, improve wallet and identity features, and support "legacy payment systems," among other improvements. theblock
๐๐ณ Whale Transactions:
1. 1011short contributed another 110 million #USDC on Hyperliquid to open longs on #BTC and #SOL. Also placed limit orders to buy ETH in the range up to $3030 price Current positions: 140,094 #ETH ($450m), 1000 #BTC ($91.8m), 100,000 #SOL ($13.6m);
2. New wallet received 1,900 #BTC ($175.2 million) from Galaxy Digital in the last 3 days;
3. Whale borrowed 1 million #USDC to buy 5,211 #AAVEs. He now owns 338,544 #AAVEs ($69.08M) on Aave and has $30.8M in #USDC debt.
1. 1011short contributed another 110 million #USDC on Hyperliquid to open longs on #BTC and #SOL. Also placed limit orders to buy ETH in the range up to $3030 price Current positions: 140,094 #ETH ($450m), 1000 #BTC ($91.8m), 100,000 #SOL ($13.6m);
2. New wallet received 1,900 #BTC ($175.2 million) from Galaxy Digital in the last 3 days;
3. Whale borrowed 1 million #USDC to buy 5,211 #AAVEs. He now owns 338,544 #AAVEs ($69.08M) on Aave and has $30.8M in #USDC debt.
๐ฌ Netflix announced a comedy movie about a missing cryptocurrency wallet password with $35 million. cointelegraph
๐ #DBR deBridge launches new execution model to simplify blockchain. theblock.co
๐ค Coinbase and Standard Chartered are collaborating to explore opportunities to develop trading, prime, storage, staking and lending services for institutional clients. cointelegraph
๐ฏ๐ต๐ฆ The Bank of Japan is set to raise its policy rate at the December 18-19 monetary policy meeting. A 25-basis-point increase from 0.5% to 0.75% is the leading option, marking the first hike since January 2025 and reaching a level not seen since 1995. link
๐ #ETH CQ: only 4 times in the last 5 years has ETH traded very close to the realized price of whales owning at least 100 ETH. Two of those instances occurred during the 2022 bear market and the remaining two occurred this year.
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๐ฃ #BTC Twenty One CEO Jack Mallers stated that Bitcoin is projected to reach a market cap of $200 trillion.
๐ฐ Ark Invest has purchased $15.4 million worth of Robinhood shares. link