BingX Crypto & Financial News
Ethereum researcher Anthony Sassano indicated that the network's gas limit may potentially triple in 2024, with certain developers supporting a fivefold increase. cointelegraph
Ethereum developers are considering increasing the network's gas limit to 80 million in January, which could lead to faster transaction speeds. cointelegraph
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Deutsche Bank initiates coverage on Coinbase with a Buy rating, projecting a 40% upside to $340. The Block.
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BingX Crypto & Financial News
Spot Bitcoin ETFs saw net withdrawals of roughly $277.2 million yesterday, while spot Ether ETFs experienced outflows totaling approximately $224.2 million.
Yesterday, the total net inflow for spot Bitcoin ETFs was approximately $457.3 million, while the total net outflow for spot Ethereum ETFs amounted to approximately $22.4 million.
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The Jito Foundation, focused on the development of the Jito platform, has announced its re-entry into the U.S. market. cointelegraph
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Ark Invest purchased $10.56 million of BitMine shares, $5.9 million of Coinbase shares, and $8.85 million of Bullish shares yesterday.
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Digital Wealth Partners Launches Algorithmic XRP Trading for Qualified Retirement Accounts. coindesk
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Whale Transactions:
1. A whale converted 7,654 ETH ($21.62 million) on Binance, realizing approximately $4 million in profit.
2. Keith, who previously acquired 68.25 million ASTER (valued at $113.34 million) at $1.66 across 15 wallets, sold 4.68 million ASTER ($3.34 million) at $0.71 each. He retains 63.22 million ASTER valued at $45.52 million, resulting in a loss exceeding $64 million.
3. Address 0x5Ae4 deposited 20 million USDC on Hyperliquid, placing limit orders to buy HYPE at $15.
4. Address 0xE867 added 10 million USDC to Hyperliquid to purchase more HYPE, now holding 926,488 HYPE worth approximately $22.4 million.
5. Address 0x23Af deposited 7.1 million USDC on Hyperliquid to buy 277,420 HYPE at $25.6 each.
1. A whale converted 7,654 ETH ($21.62 million) on Binance, realizing approximately $4 million in profit.
2. Keith, who previously acquired 68.25 million ASTER (valued at $113.34 million) at $1.66 across 15 wallets, sold 4.68 million ASTER ($3.34 million) at $0.71 each. He retains 63.22 million ASTER valued at $45.52 million, resulting in a loss exceeding $64 million.
3. Address 0x5Ae4 deposited 20 million USDC on Hyperliquid, placing limit orders to buy HYPE at $15.
4. Address 0xE867 added 10 million USDC to Hyperliquid to purchase more HYPE, now holding 926,488 HYPE worth approximately $22.4 million.
5. Address 0x23Af deposited 7.1 million USDC on Hyperliquid to buy 277,420 HYPE at $25.6 each.
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Cryptocurrency firms could be forced to liquidate up to $15 billion in digital assets if Morgan Stanley Capital International Index (MSCI) proceeds with removing them from its benchmarks. cointelegraph
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SOL DePIN Project on Solana Fuse Energy Secures $70 Million in Second Financing Round at $5 Billion Valuation
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U.S. consumer inflation remained steady in November, with the Consumer Price Index rising 0.3% month-over-month, matching economistsβ estimates and the previous monthβs gain. On a yearly basis, CPI increased 2.7%, slower than the 3.1% forecast and down from 3.0% in October. Core inflation, excluding food and energy, slowed to 2.6% year-over-year from 3.0%, below expectations. Initial jobless claims held at 230,000, consistent with prior readings.
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Kalshi has integrated the TRON network.
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The Nakamoto Treasury Company (NAKA) has launched a share buyback program.
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Britain Sentences Former PumpFun Developer to Six Years for Fraud
Jarrett Dunn, a former developer of PumpFun, has received a six-year prison sentence following a British courtβs ruling on charges of fraud committed during his official capacity. More details are available here.
Jarrett Dunn, a former developer of PumpFun, has received a six-year prison sentence following a British courtβs ruling on charges of fraud committed during his official capacity. More details are available here.
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Analysts at CF Benchmarks consider Bitcoin a fundamental asset for diversified portfolios, with a projected price target of $1.4 million by 2035.
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Ondo, in partnership with LayerZero, has launched a cross-chain securities bridge supporting Ethereum and BNB Chain. More details are available here.
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Bitwise has filed an application to launch an ETF focused on SUI tokens. More information is available here.
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In the past 30 minutes, long positions exceeding $150 million have been liquidated.
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BingX Crypto & Financial News
Caroline Pham, the Acting Chair of the Commodity Futures Trading Commission, is joining MoonPay to lead its legal and regulatory efforts.
NYSE owner in talks to invest in Moonpay, potentially valuing the company at $5 billion.
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