NEW: A short film entitled “A Rigged Economy - Why Gen Z and Millennials are Struggling” investigates the disastrous societal effects of easy money 😮

By Bit Intelligence

🚀 VanEck's new Bitcoin commercial, filmed at NYC's PubKey, amps up excitement for the upcoming SEC decision on their Spot Bitcoin ETF.

https://www.btctimes.com/news/vaneck-launches-bitcoin-advertisement-ahead-of-possible-spot-bitcoin-etf-approval

🟠 2012 tutorial on how to receive free Bitcoin 🤯

Ah the good old days

JUST IN: 🟠 VanEck amends the S-1 for their spot Bitcoin ETF on the same day they release a new Bitcoin commercial 👀

NEW: A massive 💵 $1.19B worth of Bitcoin moved off of centralized exchanges on Wednesday, marking the largest single-day $BTC outflow since December 2022 🙌

JUST IN: 🇺🇸 BlackRock officially names JP Morgan and Jane Street as authorized participants for it's spot Bitcoin ETF 👀

NEW: 🟠 Bitcoin analyst seems to believe there could be a capitulation event in the horizon should Bitcoin ETFs not be approved before January 10th 👀

"Slightly concerned about the declining hash rate and Bitcoin miner balance, which is dropping quite extensively.

The mining pools that are reducing the balance are MaraPool, F2Pool, and Poolin, by about 13k BTC in the past few weeks.

This doesn't mean they have sold; in fact, barely any Bitcoin has been sent to exchanges. So it's most likely wallet re-shuffling.

But we are seeing a notable drop off in hash rate, roughly 10% already in the past 5 days.

If we get an ETF denial or (bad news), and the hash rate continues to drop, with a serious amount of leverage below these price levels, a potential miner capitulation/cascade is on the cards.

Maybe, shorts will pile in, and then we get the meaningful correction/bottom."

- James Van Straten

🟠 This is how the Bitcoin chart should be looked at – zoomed out 📈

JUST IN: 🟠 Bitwise to seed its spot Bitcoin ETF with $200M 🤯

🟠 Satoshi-inspired rap by a random Bitcoiner 🎙

NEW: 🇺🇸 Celsius' restructuring plans for ⛏ Bitcoin mining have been approved by the US Bankruptcy Court for the Southern District of New York 🧐

NEW: 🟠 Bitcoin analyst highlights that despite the horrendous day for Bitcoin Mining companies the overall 2023 has been very good for the industry 💪

"Bitcoin miners getting walloped.

Reminder: it’s the last trading day of the year, gains are being realized. An equal weight $BTC miner index is +387% in 2023.

Chill."

- Dylan LeClair

NEW: 🇨🇦 Canadian Bitcoin  ⛏️ mining firm Hive Digital raises 💵 $22M in private financing round from the sale of 5.75M special warrants for $5.00 CAD each, generating total proceeds of $28.75M CAD 📈

NEW: 🇺🇸 CryptoQuant believes that a SEC approval of a spot Bitcoin ETF could trigger a “Sell-the-News” event that would drop the price of $BTC “to as low as $32K.” 🤔

🟠 Bitcoin is not “crypto” 👀

NEW: 🟠 JAN3 will be hosting their first Financial webintar with Chief Strategy Officer, Hereditary Prince of Serbia and Yugoslavia 🙌

🔗 Hurry up and sign up for January 11, 2024 – link here: https://us06web.zoom.us/webinar/register/WN_BB3hmAfAR2qfQpHG78WGfw#/registration

ICYMI: 🟠 Spot Bitcoin ETF issuers continued the parade of announcing Authorized Participants as Grayscale named Credit Suisse Securities (USA), KCG Americas and Wedbush Securities as AP’s 👀

NEW: 🇨🇦 Canadian crypto exchange CatalX CTS Ltd. halts all trading and withdrawals after suffering a security breach that resulted in the loss of customers assets❗️

The exchange is under investigation and an interim cease trade order from the Alberta Securities Commission.

For the love of god keep your coins off of exchanges