Crypto soothsayer
๐จ Don't Sell Your BTC! Ki Young Ju, CEO of CryptoQuant, advises against selling Bitcoin now that it has surpassed the significant psychological threshold of $100,000. ๐ต๏ธโโ๏ธ Additionally, CryptoQuant analysts report a substantial outflow of BTC from exchangesโฆ
๐จ Bitcoin miners have offloaded 85,503 BTC (approximately $8.4 billion) over the past 48 hours, marking the highest sell-off since February this year.
๐ต This significant liquidation is likely due to miners needing to cover operational costs, such as electricity bills and loan repayments for mining equipment.
While holding onto Bitcoin is ideal, these financial obligations necessitate periodic selling to maintain operations. ๐
๐ต This significant liquidation is likely due to miners needing to cover operational costs, such as electricity bills and loan repayments for mining equipment.
While holding onto Bitcoin is ideal, these financial obligations necessitate periodic selling to maintain operations. ๐
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Pavel Durov Questioned in Paris Court โ๏ธ
๐ Telegram founder Pavel Durov was questioned in Paris on Dec. 6 regarding allegations that Telegram facilitates illicit activities. This comes after his arrest in August, bail of $6 million, and a ban on leaving France until March 2025.
๐ซ๐ท French prosecutors accuse Telegram of enabling illegal transactions. If convicted, Durov could face up to 10 years in prison and a โฌ500,000 fine. ๐คท
Industry leaders warn this could set a troubling precedent for developers and privacy advocates worldwide. ๐ค
๐ Telegram founder Pavel Durov was questioned in Paris on Dec. 6 regarding allegations that Telegram facilitates illicit activities. This comes after his arrest in August, bail of $6 million, and a ban on leaving France until March 2025.
๐ซ๐ท French prosecutors accuse Telegram of enabling illegal transactions. If convicted, Durov could face up to 10 years in prison and a โฌ500,000 fine. ๐คท
Industry leaders warn this could set a troubling precedent for developers and privacy advocates worldwide. ๐ค
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๐ Is Ethereum Heading to $15K?
๐ Ethereum has broken through the $4,000 resistance, and analysts are already eyeing $15,000 by May 2025. Theyโre calling this phase an "impulse breakout," comparing it to the 2016-2017 rally. If things go as predicted, ETH's market cap could hit $1 trillion for the first time! ๐
๐ฅ Adding fuel to the fire, ETH spot ETFs are seeing massive inflowsโover $1.3 billion since November, with BlackRock leading the charge. DeFi is booming too, with total value locked (TVL) on Ethereum hitting $77 billion. ๐ฐ
Could Ethereum become the marketโs new champion? It looks like weโre just at the start of a โgiga pump,โ so stay tuned!
๐ Ethereum has broken through the $4,000 resistance, and analysts are already eyeing $15,000 by May 2025. Theyโre calling this phase an "impulse breakout," comparing it to the 2016-2017 rally. If things go as predicted, ETH's market cap could hit $1 trillion for the first time! ๐
๐ฅ Adding fuel to the fire, ETH spot ETFs are seeing massive inflowsโover $1.3 billion since November, with BlackRock leading the charge. DeFi is booming too, with total value locked (TVL) on Ethereum hitting $77 billion. ๐ฐ
Could Ethereum become the marketโs new champion? It looks like weโre just at the start of a โgiga pump,โ so stay tuned!
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๐ฎ Lost the Game, Won the Fortune
Back in 2011, a Starcraft tournament handed out 25 BTC for 5-8th place. At the time, that was worth a whopping... $40. ๐ญ Fast forward to today, and that same prize is now worth $2.5M. ๐
One player who placed 6th later said: "Iโm pretty sure I didnโt take the BTC. Maybe I asked for $40 or got nothing at all. Canโt remember, it was so long ago."
So, the question is: in 2011, would you have believed in BTC and taken the coins, or gone with the "safe" $40?
BTC โ ๐
Dollars โ ๐ญ
Back in 2011, a Starcraft tournament handed out 25 BTC for 5-8th place. At the time, that was worth a whopping... $40. ๐ญ Fast forward to today, and that same prize is now worth $2.5M. ๐
One player who placed 6th later said: "Iโm pretty sure I didnโt take the BTC. Maybe I asked for $40 or got nothing at all. Canโt remember, it was so long ago."
So, the question is: in 2011, would you have believed in BTC and taken the coins, or gone with the "safe" $40?
BTC โ ๐
Dollars โ ๐ญ
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Amazon Shareholders Propose Bitcoin Reserve! ๐ฅ
๐ The National Center for Public Policy Research (NCPPR), representing Amazon shareholders, has suggested the tech giant's board explore converting at least 5% of its assets into Bitcoin. This proposal will be reviewed during Amazonโs 2025 annual shareholders' meeting.
Currently, Amazon holds $88 billion in cash, equivalents, and securities, which the NCPPR claims yield returns below inflation. They argue this insufficiently protects shareholder capital. ๐ฐ
โฌ๏ธ Highlighting MicroStrategyโs success, which outperformed Amazon stocks by 537% in 2023, the NCPPR attributes this to MicroStrategyโs Bitcoin holdings. They also note Bitcoin ETFs by BlackRock and Fidelity, two of Amazonโs major institutional investors, as evidence of increasing institutional crypto adoption.
Will Amazon embrace Bitcoin for greater shareholder value? ๐
๐ The National Center for Public Policy Research (NCPPR), representing Amazon shareholders, has suggested the tech giant's board explore converting at least 5% of its assets into Bitcoin. This proposal will be reviewed during Amazonโs 2025 annual shareholders' meeting.
Currently, Amazon holds $88 billion in cash, equivalents, and securities, which the NCPPR claims yield returns below inflation. They argue this insufficiently protects shareholder capital. ๐ฐ
โฌ๏ธ Highlighting MicroStrategyโs success, which outperformed Amazon stocks by 537% in 2023, the NCPPR attributes this to MicroStrategyโs Bitcoin holdings. They also note Bitcoin ETFs by BlackRock and Fidelity, two of Amazonโs major institutional investors, as evidence of increasing institutional crypto adoption.
Will Amazon embrace Bitcoin for greater shareholder value? ๐
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๐ Bitcoin Hits $2 Trillion โ Whatโs Next?
River analysts raise the big question: whatโs next for Bitcoin? after reaching a $2 trillion market cap (at $100,000 per coin)?
With silver now left behind and Nvidia ($3.5 trillion) on the horizon, Bitcoinโs journey toward goldโs $17 trillion valuation suggests a massive potential for growth. Could this mean $1 million per Bitcoin in the future? ๐ฐ๐
The digital gold narrative just got more ambitious. ๐๐
River analysts raise the big question: whatโs next for Bitcoin? after reaching a $2 trillion market cap (at $100,000 per coin)?
With silver now left behind and Nvidia ($3.5 trillion) on the horizon, Bitcoinโs journey toward goldโs $17 trillion valuation suggests a massive potential for growth. Could this mean $1 million per Bitcoin in the future? ๐ฐ๐
The digital gold narrative just got more ambitious. ๐๐
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๐ A $1,000,000 Rock? Why Not!
On Saturday, someone dropped 235 ETH (~$942k) on EtherRock 19 ๐ชจ. Yes, you read that rightโa digital rock! ๐
Looks like the NFT bull run took a rocky detour! ๐
Would you buy one, or are you saving up for a real pet rock? ๐
On Saturday, someone dropped 235 ETH (~$942k) on EtherRock 19 ๐ชจ. Yes, you read that rightโa digital rock! ๐
Looks like the NFT bull run took a rocky detour! ๐
Would you buy one, or are you saving up for a real pet rock? ๐
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๐ญ Scam, Long, and Profitโฆ Thrice Over!
๐ต๏ธโโ๏ธ Web3 detective ZachXBT revealed that after hacking Radiant, some crafty actors started longing $ETH from multiple wallets, raking in over $600K.
Hereโs the twist: they used Hyperliquid for their tradesโright after cashing in on its recent airdrop!
Hack, long, claim airdropโฆ sounds like a Web3 fairytale gone wild. ๐๐ Who needs honesty when youโve got efficiency?
๐ต๏ธโโ๏ธ Web3 detective ZachXBT revealed that after hacking Radiant, some crafty actors started longing $ETH from multiple wallets, raking in over $600K.
Hereโs the twist: they used Hyperliquid for their tradesโright after cashing in on its recent airdrop!
Hack, long, claim airdropโฆ sounds like a Web3 fairytale gone wild. ๐๐ Who needs honesty when youโve got efficiency?
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๐ MicroStrategyโs Bitcoin Obsession Continues!
While Bitcoin flirts with the $100K mark, Michael Saylorโs MicroStrategy shows no signs of slowing down. The company just announced the purchase of 21,500 BTC for $2.1B at an average price of $98,783 per coin. ๐ฐ
This brings MicroStrategyโs total holdings to a staggering 423,650 BTC (worth $41.6B), acquired at an average price of $60,324. ๐ต
Saylorโs strategy? HODL harder. ๐๐ฅ Will this bold move pay off, or is it the ultimate diamond-handed gamble? ๐๐ค
While Bitcoin flirts with the $100K mark, Michael Saylorโs MicroStrategy shows no signs of slowing down. The company just announced the purchase of 21,500 BTC for $2.1B at an average price of $98,783 per coin. ๐ฐ
This brings MicroStrategyโs total holdings to a staggering 423,650 BTC (worth $41.6B), acquired at an average price of $60,324. ๐ต
Saylorโs strategy? HODL harder. ๐๐ฅ Will this bold move pay off, or is it the ultimate diamond-handed gamble? ๐๐ค
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Crypto soothsayer
NBA legend Scottie Pippen claimed that during the night, he was visited in a dream by Satoshi Nakamoto, who said that on November 5, 2024, Bitcoin would reach $84,650. ๐ Do we believe it?
๐ Scottie Pippen's Bitcoin Dream Strikes Again!
๐ Six-time NBA champion Scottie Pippen claims that Satoshi Nakamoto visited him in another dreamโthis time foreseeing Amazon and Microsoft buying Bitcoin! ๐ณ
Back in September, Pippen dreamt of Bitcoin hitting $84,650 in November, and guess what? It came true. Is the Hall of Famer now a crypto oracle? ๐ค
Who's ready to bet on Scottie's next vision? ๐๐ค
๐ Six-time NBA champion Scottie Pippen claims that Satoshi Nakamoto visited him in another dreamโthis time foreseeing Amazon and Microsoft buying Bitcoin! ๐ณ
Back in September, Pippen dreamt of Bitcoin hitting $84,650 in November, and guess what? It came true. Is the Hall of Famer now a crypto oracle? ๐ค
Who's ready to bet on Scottie's next vision? ๐๐ค
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๐ XRP on the Rise? ๐
๐ Analysts suggest XRP could hit $4.4 soon, with the chart showing three bullish pennants in a row. But first, it needs to retest $2.25 (current price: $2.38) before the path upward clears. ๐
๐ก For dreamers, thereโs even a wild prediction:
โช๏ธConservative target: $8.4
โช๏ธBest-case scenario: a moonshot to $48.12 ๐ค
Is XRP gearing up for liftoff? ๐
๐ Analysts suggest XRP could hit $4.4 soon, with the chart showing three bullish pennants in a row. But first, it needs to retest $2.25 (current price: $2.38) before the path upward clears. ๐
๐ก For dreamers, thereโs even a wild prediction:
โช๏ธConservative target: $8.4
โช๏ธBest-case scenario: a moonshot to $48.12 ๐ค
Is XRP gearing up for liftoff? ๐
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๐ฅ Bitcoin Rollercoaster Wipes Out $56M
Within just an hour, Bitcoin surged past $100,000 only to crash below $98,000โa wild ride that left traders reeling.
During the chaos, over $56 million in positions were liquidated, mostly from over-leveraged Bitcoin longs.
๐๐ High stakes, high risksโwelcome to the crypto thrill ride! ๐ข
Within just an hour, Bitcoin surged past $100,000 only to crash below $98,000โa wild ride that left traders reeling.
During the chaos, over $56 million in positions were liquidated, mostly from over-leveraged Bitcoin longs.
๐๐ High stakes, high risksโwelcome to the crypto thrill ride! ๐ข
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๐ฅ Crypto Market Wipeout: $1.7B Liquidated!
In the last 24 hours, a staggering $1.7 billion in liquidations hit crypto exchanges, with $1.14 billion occurring in just 4 hours. Over 565,000 traders were liquidated, most holding long positions on altcoins.
๐ Bitcoin briefly dropped to $94,000, while many major cryptocurrencies nosedived over 20%.
๐จ The largest single liquidation? A $19.69M ETHUSDT position on Binance.
Trading in crypto? Brace yourselfโit's not for the faint-hearted. ๐ฌ๐ธ Data: Coinglass.
In the last 24 hours, a staggering $1.7 billion in liquidations hit crypto exchanges, with $1.14 billion occurring in just 4 hours. Over 565,000 traders were liquidated, most holding long positions on altcoins.
๐ Bitcoin briefly dropped to $94,000, while many major cryptocurrencies nosedived over 20%.
๐จ The largest single liquidation? A $19.69M ETHUSDT position on Binance.
Trading in crypto? Brace yourselfโit's not for the faint-hearted. ๐ฌ๐ธ Data: Coinglass.
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๐Bitfinex: the Bitcoin market shows signs of cooling down
Bitfinex reports that despite recent chaos, the market shows signs of stabilization.
๐ฐRealized profits dropped from $10.5B to $2.5B, easing sell pressure, while futures funding rates normalized, reducing speculative leverage. ETF inflows have slowed but continue to support Bitcoinโs bullish outlook.
With conditions calming, deep corrections like last week could become less frequent, paving the way for steady growth if ETFs keep flowing and HODLers remain strong. ๐๐
Bitfinex reports that despite recent chaos, the market shows signs of stabilization.
๐ฐRealized profits dropped from $10.5B to $2.5B, easing sell pressure, while futures funding rates normalized, reducing speculative leverage. ETF inflows have slowed but continue to support Bitcoinโs bullish outlook.
With conditions calming, deep corrections like last week could become less frequent, paving the way for steady growth if ETFs keep flowing and HODLers remain strong. ๐๐
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๐ Bitcoin: Newbies Take Over the Market!
The realized cap of BTC under 1 month old has skyrocketed by +909%, reaching $343B since the start of the cycle. ๐
Translation? Long-term holders are cashing out, while fresh buyers are eagerly scooping up their Bitcoin. The new wave of investors is here! ๐๐ช
The realized cap of BTC under 1 month old has skyrocketed by +909%, reaching $343B since the start of the cycle. ๐
Translation? Long-term holders are cashing out, while fresh buyers are eagerly scooping up their Bitcoin. The new wave of investors is here! ๐๐ช
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๐ป Freeze Satoshi's 1M BTC? Avalanche CEO Says Yes!
Avalanche's CEO suggests freezing 1M BTC linked to Satoshi Nakamoto to protect against future risks from quantum computing. ๐คฏ
Early Bitcoin transactions, including Satoshiโs wallet, used the P2PK format, exposing public keys directly in UTXOs. This makes them potentially vulnerable to quantum computers cracking private keys.
Modern wallets now use the P2PKH format, relying on hashed public keys for extra security. But for Satoshiโs coins? The risk is real! ๐จ๐ก
Avalanche's CEO suggests freezing 1M BTC linked to Satoshi Nakamoto to protect against future risks from quantum computing. ๐คฏ
Early Bitcoin transactions, including Satoshiโs wallet, used the P2PK format, exposing public keys directly in UTXOs. This makes them potentially vulnerable to quantum computers cracking private keys.
Modern wallets now use the P2PKH format, relying on hashed public keys for extra security. But for Satoshiโs coins? The risk is real! ๐จ๐ก
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๐ Bitcoin Fever: Jetking Joins the Club!
๐ฎ๐ณ Indian company Jetking saw its stock soar 20% after CEO Avinash Bharwani announced a Bitcoin strategy for their treasury, kicking off with a purchase of 12 BTCโthe first move of its kind in India. ๐
๐จ Meanwhile, MARA Holdings bought a whopping 11,774 BTC for $1.1B at $96K per coin, pushing their total stash to 40,435 BTC worth $3.9B. The purchase was funded through zero-coupon convertible bonds.
๐ But not all is rosy: MicroStrategy, a pioneer of corporate Bitcoin adoption, warns in its filings of "significant financial risks" due to BTCโs volatility. A major price drop could hit liquidity hard, with cash access LIMITED. โ ๏ธ๐
๐ฎ๐ณ Indian company Jetking saw its stock soar 20% after CEO Avinash Bharwani announced a Bitcoin strategy for their treasury, kicking off with a purchase of 12 BTCโthe first move of its kind in India. ๐
๐จ Meanwhile, MARA Holdings bought a whopping 11,774 BTC for $1.1B at $96K per coin, pushing their total stash to 40,435 BTC worth $3.9B. The purchase was funded through zero-coupon convertible bonds.
๐ But not all is rosy: MicroStrategy, a pioneer of corporate Bitcoin adoption, warns in its filings of "significant financial risks" due to BTCโs volatility. A major price drop could hit liquidity hard, with cash access LIMITED. โ ๏ธ๐
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Billionaire advises investing in Bitcoin and gold due to the looming debt crisis๐ฐ
Billionaire investor Ray Dalio, founder of Bridgewater Associates, recommends investing in gold and Bitcoin instead of debt assets like bonds, as global debt in the US, China, and other major countries has reached unsustainable levels. ๐ง
He warns of an inevitable debt crisis that could devalue money, suggesting "hard money" like gold and Bitcoin as hedges against economic uncertainties and geopolitical tensions. With Bitcoin recently surpassing $100K, itโs clear the appeal of digital and physical assets is rising.
Dalio emphasizes thinking strategically and diversifying investments to navigate future economic challenges. His advice? Focus on the big forces shaping the world, not just the daily headlines. ๐ต๐
Billionaire investor Ray Dalio, founder of Bridgewater Associates, recommends investing in gold and Bitcoin instead of debt assets like bonds, as global debt in the US, China, and other major countries has reached unsustainable levels. ๐ง
He warns of an inevitable debt crisis that could devalue money, suggesting "hard money" like gold and Bitcoin as hedges against economic uncertainties and geopolitical tensions. With Bitcoin recently surpassing $100K, itโs clear the appeal of digital and physical assets is rising.
Dalio emphasizes thinking strategically and diversifying investments to navigate future economic challenges. His advice? Focus on the big forces shaping the world, not just the daily headlines. ๐ต๐
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๐ Altcoin Liquidations Break Records!
On December 10, the crypto market saw a massive shakeout, with $1.75B in altcoin liquidationsโthe largest since May 2021. ๐
Derivatives markets also hit a record $12.8B in liquidations, mirroring patterns from the last major bull run. ๐ค
Ethereum funding rates plummeted to their lowest since November, signaling reduced leverage and a more stable foundation for price movements.
๐ Despite the chaos, experts remain optimistic about Bitcoin and Ethereum, pointing to strong ETF inflows as key support, with Bitcoin ETFs seeing a 9-day streak of growth and Ethereum ETFs maintaining momentum for 12 days straight.
The market may be resetting, but the bullish outlook stays strong. ๐
On December 10, the crypto market saw a massive shakeout, with $1.75B in altcoin liquidationsโthe largest since May 2021. ๐
Derivatives markets also hit a record $12.8B in liquidations, mirroring patterns from the last major bull run. ๐ค
Ethereum funding rates plummeted to their lowest since November, signaling reduced leverage and a more stable foundation for price movements.
๐ Despite the chaos, experts remain optimistic about Bitcoin and Ethereum, pointing to strong ETF inflows as key support, with Bitcoin ETFs seeing a 9-day streak of growth and Ethereum ETFs maintaining momentum for 12 days straight.
The market may be resetting, but the bullish outlook stays strong. ๐
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Microsoft Says "No" to Bitcoin Treasury ๐คท
Microsoft shareholders voted against adding Bitcoin to their treasury. Shocking, right? Said no one ever. ๐
Meanwhile, Justin Sun chimed in with some solid financial advice: "Wait until BTC hits $1M before buying." Because clearly, thatโs the perfect time to start. ๐๐
Guess Microsoft will stick to Excel sheets, not Bitcoin wallets for now. ๐๐ธ
Microsoft shareholders voted against adding Bitcoin to their treasury. Shocking, right? Said no one ever. ๐
Meanwhile, Justin Sun chimed in with some solid financial advice: "Wait until BTC hits $1M before buying." Because clearly, thatโs the perfect time to start. ๐๐
Guess Microsoft will stick to Excel sheets, not Bitcoin wallets for now. ๐๐ธ
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