Digital Wealth Partners Launches Algorithmic XRP Trading for Qualified Retirement Accounts. coindesk

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.

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

SOL DePIN Project on Solana Fuse Energy Secures $70 Million in Second Financing Round at $5 Billion Valuation

U.S. consumer inflation remained steady in November, with the Consumer Price Index rising 0.3% month-over-month, matching economists’ estimates and the previous month’s 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.

Kalshi has integrated the TRON network.

The Nakamoto Treasury Company (NAKA) has launched a share buyback program.

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 court’s ruling on charges of fraud committed during his official capacity. More details are available here.

Analysts at CF Benchmarks consider Bitcoin a fundamental asset for diversified portfolios, with a projected price target of $1.4 million by 2035.

Ondo, in partnership with LayerZero, has launched a cross-chain securities bridge supporting Ethereum and BNB Chain. More details are available here.

Bitwise has filed an application to launch an ETF focused on SUI tokens. More information is available here.

In the past 30 minutes, long positions exceeding $150 million have been liquidated.

NYSE owner in talks to invest in Moonpay, potentially valuing the company at $5 billion.

Burger chain stocks decline amid shifting consumer preferences and rising input costs.

Today's Summary and Tomorrow's Events - https://t.me/bingx1/2147483647

Bithumb Announces DEXE KRW Market and No Trading Fees

Bithumb has integrated a new DEXE market denominated in KRW, accompanied by a promotion of zero trading fees. The listing also includes the DEXE/USDT trading pair, currently priced at 3,297. Details are available at feed.bithumb.com.

The U.S. Senate has confirmed Mike Selig to lead the Commodity Futures Trading Commission and Travis Hill to head the Federal Deposit Insurance Corporation, both of whom are regarded as supportive of cryptocurrency.

Do Kwon, the liquidator overseeing Terraform Labs, has initiated legal action against Jump Trading, alleging that the firm benefitted financially and contributed to the collapse of Terraform Labs. wsj

David Sachs, the White House’s chief of artificial intelligence and cryptocurrency, announced that the CLARITY Act bill is scheduled for presentation to the Senate next month for review and possible amendments prior to a full Senate vote. cointelegraph

Large whales are incurring losses on their long positions:

1. A whale with 1,011 short positions and long holdings totaling $695 million in Bitcoin, Ethereum, and Solana is experiencing an unrealized loss of approximately $75 million. The entity contributed 5,152 Bitcoin (worth $444.73 million) on Binance.
2. Another whale holding 59,733 Ethereum tokens, valued at $168.7 million, is approaching liquidation at prices of $2,807.02 and $2,729.19. Additionally, their long position of 565,557 HYPE tokens, worth $12.5 million, is nearing liquidation at $22,197. Their profits, which once neared $100 million, have now declined to $11.4 million.

Large whales are incurring losses on their long positions:

A whale with 1,011 short positions and total long investments of approximately $695 million in Bitcoin, Ethereum, and Solana is experiencing an unrealized loss of about $75 million. The whale has contributed 5,152 Bitcoin worth around $444.73 million on Binance.

Another whale holding 59,733 Ethereum valued at $168.7 million is nearing liquidation levels at prices of $2,807.02 and $2,729.19. Additionally, their long position in 565,557 HYPE tokens, valued at $12.5 million, is close to liquidation at $22,197. Their profits, which had peaked at nearly $100 million, have declined to $11.4 million.