๐ Inflation Rises, Bitcoin Nears $100K
๐ US inflation ticked up to 2.7% in November, matching market expectations. Core metrics, excluding food and energy, remained steady at 3.3% year-over-year, signaling a controlled pace but slight upward pressure.
๐ The macro report sent Bitcoin soaring to $99,800, with Ethereum following at $3,785. The crypto market seems to thrive as traditional assets react cautiously to inflation data. ๐๐ฐ
๐ US inflation ticked up to 2.7% in November, matching market expectations. Core metrics, excluding food and energy, remained steady at 3.3% year-over-year, signaling a controlled pace but slight upward pressure.
๐ The macro report sent Bitcoin soaring to $99,800, with Ethereum following at $3,785. The crypto market seems to thrive as traditional assets react cautiously to inflation data. ๐๐ฐ
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One daring trader turned $2,500 into $200,000 by leveraging XRP 500x at $1.9025. ๐ค
The catch? A dip below $1.9004 wouldโve wiped him out faster than you can say โmargin call.โ ๐ ๐ข
Fortune favors the braveโor the wildly risky! ๐๐ธ
The catch? A dip below $1.9004 wouldโve wiped him out faster than you can say โmargin call.โ ๐ ๐ข
Fortune favors the braveโor the wildly risky! ๐๐ธ
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โจ14 years ago, on December 12, 2010, Satoshi Nakamoto posted their last message on the BitcoinTalk forum.
๐ฃ In this historic post, Satoshi discussed the challenges of DoS attacks on the Bitcoin network.
Since then, the mysterious creator of Bitcoin has vanished from the public eye, leaving behind a legacy and a puzzle that continues to captivate the crypto community. ๐คท
๐ฃ In this historic post, Satoshi discussed the challenges of DoS attacks on the Bitcoin network.
Since then, the mysterious creator of Bitcoin has vanished from the public eye, leaving behind a legacy and a puzzle that continues to captivate the crypto community. ๐คท
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๐ฐ Bitcoin draws an average of $80 billion monthly!
๐ Nearly half of all capital inflows into the Bitcoin market over the past 15 years have occurred this year alone, showcasing the explosive growth and renewed interest in the leading cryptocurrency.
Ki Young Ju from CryptoQuant summed it up perfectly:
๐ Nearly half of all capital inflows into the Bitcoin market over the past 15 years have occurred this year alone, showcasing the explosive growth and renewed interest in the leading cryptocurrency.
Ki Young Ju from CryptoQuant summed it up perfectly:
"If you donโt understand what this means, you still donโt understand Bitcoin."
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๐ Tesla shares hit a new all-time high since 2021, propelling Musk's net worth beyond $400 billion, making him the first person in history to achieve this milestone. ๐
๐Key drivers include a $50 billion boost from SpaceX insider share sales and Tesla's remarkable 71% growth this year. Musk has added $218 billion to his fortune in 2024 alone, cementing his position as the world's richest individual.
๐ฐ The combined net worth of the world's 500 wealthiest individuals has also surpassed $10 trillion for the first time!
๐Key drivers include a $50 billion boost from SpaceX insider share sales and Tesla's remarkable 71% growth this year. Musk has added $218 billion to his fortune in 2024 alone, cementing his position as the world's richest individual.
๐ฐ The combined net worth of the world's 500 wealthiest individuals has also surpassed $10 trillion for the first time!
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โ ๏ธ 58,000 Bitcoin ATM Users' Data Stolen!
๐ฅท Hackers breached Byte Federal, one of the largest U.S. Bitcoin ATM networks, stealing sensitive customer data, including names, addresses, phone numbers, IDs, Social Security numbers, transaction details, and photos.
๐ป Byte Federal, operating over 1,200 Bitcoin ATMs worldwide, has reset all customer accounts, updated passwords, and enhanced security protocols to prevent future incidents.
Stay alert and safeguard your accounts!
๐ฅท Hackers breached Byte Federal, one of the largest U.S. Bitcoin ATM networks, stealing sensitive customer data, including names, addresses, phone numbers, IDs, Social Security numbers, transaction details, and photos.
๐ป Byte Federal, operating over 1,200 Bitcoin ATMs worldwide, has reset all customer accounts, updated passwords, and enhanced security protocols to prevent future incidents.
Stay alert and safeguard your accounts!
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Now we have a White House that is embracing Digital Assets.
We expect something around $250,000 for Bitcoin in 2025 ๐ - FundStrat
We expect something around $250,000 for Bitcoin in 2025 ๐ - FundStrat
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๐ Solana holds strong despite FTX's massive unstaking!
๐ Since November 2023, FTX has unlocked and transferred 4.26 million SOL (~$454.8M) to Coinbase and Binance through 20 intermediary wallets.
FTX still holds 6.62 million SOL (~$1.53B) in staking and plans to release around 170,000 SOL monthly according to its current schedule.
Despite the sell pressure, Solana's resilience in navigating these challenges is evident. ๐ช
๐ Since November 2023, FTX has unlocked and transferred 4.26 million SOL (~$454.8M) to Coinbase and Binance through 20 intermediary wallets.
FTX still holds 6.62 million SOL (~$1.53B) in staking and plans to release around 170,000 SOL monthly according to its current schedule.
Despite the sell pressure, Solana's resilience in navigating these challenges is evident. ๐ช
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๐ Coinbase Delists USDT in the EU
Tether and other stablecoins failed to meet MiCA regulations, prompting Coinbase to take action.
โก๏ธ Starting tomorrow, Coinbase will delist non-compliant stablecoins in the EU, including USDT, PAX, PYUSD, GUSD, GYEN, and even DAI.
This move sets a precedentโnow all eyes are on how other exchanges will respond. ๐
Tether and other stablecoins failed to meet MiCA regulations, prompting Coinbase to take action.
โก๏ธ Starting tomorrow, Coinbase will delist non-compliant stablecoins in the EU, including USDT, PAX, PYUSD, GUSD, GYEN, and even DAI.
This move sets a precedentโnow all eyes are on how other exchanges will respond. ๐
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๐ฅ Rumors of a Gate.io Hack Debunked!
๐ฃ Rumors about a possible hack of the Gate.io exchange have surfaced online, but there is no official confirmation.
๐ According to Arkham, no anomalies were detected on the platform. Gate.io also denied the rumors:
Stay vigilant and rely on official sources for updates. ๐
๐ฃ Rumors about a possible hack of the Gate.io exchange have surfaced online, but there is no official confirmation.
๐ According to Arkham, no anomalies were detected on the platform. Gate.io also denied the rumors:
"The Gate.io security team has not detected any abnormalities, nor have any security agencies reported issues. Deposits, withdrawals, and trading are functioning normally. Please do not believe rumors!"
Stay vigilant and rely on official sources for updates. ๐
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โ๏ธ Solana Surpasses Ethereum in Development Activity!
For the first time in 8 years, Solana has become the top ecosystem for building new applications, surpassing Ethereum in the number of open-source repositories. ๐
๐ก Solana now boasts over 2,000 monthly active developers, marking an impressive 83% growth year-over-year.
Meanwhile, Ethereum retains its position as the global leader in overall developer activity. ๐ฅ
For the first time in 8 years, Solana has become the top ecosystem for building new applications, surpassing Ethereum in the number of open-source repositories. ๐
๐ก Solana now boasts over 2,000 monthly active developers, marking an impressive 83% growth year-over-year.
Meanwhile, Ethereum retains its position as the global leader in overall developer activity. ๐ฅ
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๐ค A test AI agent, @chillguyagent, sent 0.0013 ETH to Taylor Swift on Twitter without knowing her crypto wallet address. All it needed was her Twitter handle. ๐ฅ
๐ This was made possible by the "plugin-social-wallets" developed by the Azuki team. It enables sending crypto to any social media user, even if theyโve never interacted with crypto before.
โ๏ธ The plugin leverages Privyโs pre-generated wallets and can be extended to platforms like TikTok and Instagram.๐ฐ Future updates may integrate on-chain social registries, allowing users to link their social accounts to wallets seamlessly.
๐ This was made possible by the "plugin-social-wallets" developed by the Azuki team. It enables sending crypto to any social media user, even if theyโve never interacted with crypto before.
โ๏ธ The plugin leverages Privyโs pre-generated wallets and can be extended to platforms like TikTok and Instagram.๐ฐ Future updates may integrate on-chain social registries, allowing users to link their social accounts to wallets seamlessly.
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๐ Binance Dominates in 2024!
In 2024, Binance attracted $21.7 billion in user deposits, surpassing the combined total of the 10 largest exchanges by 36%. ๐ฐ
๐ The platform's user base skyrocketed to 250 million, leaving Bybit, the second-largest exchange by trading volume, far behind with 60 million users.
Binance continues to set the standard for growth and dominance in the crypto industry. ๐
In 2024, Binance attracted $21.7 billion in user deposits, surpassing the combined total of the 10 largest exchanges by 36%. ๐ฐ
๐ The platform's user base skyrocketed to 250 million, leaving Bybit, the second-largest exchange by trading volume, far behind with 60 million users.
Binance continues to set the standard for growth and dominance in the crypto industry. ๐
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๐ BTC in Motion: Whoโs Holding What?
Since September, long-term holders have sold off over 843,000 BTC, while short-term holders eagerly accumulated more than 1,000,000 BTC. ๐ฐ
Specifically, MicroStrategy and US spot Bitcoin ETFs have collectively added 400,000 BTC to their portfolios during this period.
The crypto market is shifting, but one thing is clear: Bitcoin keeps finding new hands. ๐ช๐ผ
Since September, long-term holders have sold off over 843,000 BTC, while short-term holders eagerly accumulated more than 1,000,000 BTC. ๐ฐ
Specifically, MicroStrategy and US spot Bitcoin ETFs have collectively added 400,000 BTC to their portfolios during this period.
The crypto market is shifting, but one thing is clear: Bitcoin keeps finding new hands. ๐ช๐ผ
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๐จ First Crypto Tax Evader Sentenced in the US!
Frank Richard Ahlgren III from Austin, Texas, has been sentenced to two years in prison for underreporting capital gains on $3.7 million in Bitcoin salesโmarking the first-ever criminal crypto tax evasion case.
๐ Between 2017 and 2019, Ahlgren concealed his gains by using multiple wallets, in-person cash exchanges, and mixers to hide transactions. He also lied to his accountant about the cost basis of his Bitcoin purchases.
๐ก The DoJ emphasized that as crypto prices rise, so does the temptation to dodge taxes. Their message? Pay your taxes, or face federal prison.
Frank Richard Ahlgren III from Austin, Texas, has been sentenced to two years in prison for underreporting capital gains on $3.7 million in Bitcoin salesโmarking the first-ever criminal crypto tax evasion case.
๐ Between 2017 and 2019, Ahlgren concealed his gains by using multiple wallets, in-person cash exchanges, and mixers to hide transactions. He also lied to his accountant about the cost basis of his Bitcoin purchases.
๐ก The DoJ emphasized that as crypto prices rise, so does the temptation to dodge taxes. Their message? Pay your taxes, or face federal prison.
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Crypto soothsayer
๐จ The largest mining company in the US, Marathon Digital (MARA), will issue bonds worth up to $805 M, part of which will be used to purchase BTC. ๐ฐ As a reminder, in November, the total number of coins acquired by the company reached 6,474 BTC.
๐ฐ Riot Expands Its Bitcoin Holdings!
๐จ The mining company Riot has purchased 5,117 BTC at an average price of $99,669 per coin, bringing its total holdings to 16,728 BTC.
๐ The portfolio is now valued at approximately $1.68 billion USD, solidifying Riotโs position as a major Bitcoin player.
๐จ The mining company Riot has purchased 5,117 BTC at an average price of $99,669 per coin, bringing its total holdings to 16,728 BTC.
๐ The portfolio is now valued at approximately $1.68 billion USD, solidifying Riotโs position as a major Bitcoin player.
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๐ Matrixport Predicts $160K Bitcoin by 2025!
Analysts at Matrixport forecast BTC reaching $160,000 by 2025. ๐
๐ Key growth drivers:
โช๏ธInstitutional demand fueled by Bitcoin ETFs
โช๏ธFavorable macroeconomic conditions
โช๏ธGlobal central banks increasing money supply (M2)
Analysts at Matrixport forecast BTC reaching $160,000 by 2025. ๐
๐ Key growth drivers:
โช๏ธInstitutional demand fueled by Bitcoin ETFs
โช๏ธFavorable macroeconomic conditions
โช๏ธGlobal central banks increasing money supply (M2)
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Ledger Wallet User Loses $2.5M to Phishing Hack ๐
๐งโ๐ป A Ledger Nano S user has reported losing 10 BTC (worth around $1M) and $1.5M in NFTs due to a phishing attack that occurred back in February 2022. The user unknowingly signed a malicious transaction nearly three years ago, which granted hackers access to their wallet. The attackers remained dormant for years before draining the funds recently. ๐ณ
๐ต๏ธโโ๏ธ Experts suggest that the user's recovery phrase might have been compromised, giving the hacker access to multiple chains, including Bitcoin. Ledger clarified that the issue wasnโt with the hardware itself but was caused by phishing and user error. ๐คท
๐ This case serves as a critical reminder to always double-check transactions, regularly review token approvals, and protect recovery phrases. While hardware wallets enhance security, understanding and cautious interaction with them are equally essential. ๐ค
๐งโ๐ป A Ledger Nano S user has reported losing 10 BTC (worth around $1M) and $1.5M in NFTs due to a phishing attack that occurred back in February 2022. The user unknowingly signed a malicious transaction nearly three years ago, which granted hackers access to their wallet. The attackers remained dormant for years before draining the funds recently. ๐ณ
๐ต๏ธโโ๏ธ Experts suggest that the user's recovery phrase might have been compromised, giving the hacker access to multiple chains, including Bitcoin. Ledger clarified that the issue wasnโt with the hardware itself but was caused by phishing and user error. ๐คท
๐ This case serves as a critical reminder to always double-check transactions, regularly review token approvals, and protect recovery phrases. While hardware wallets enhance security, understanding and cautious interaction with them are equally essential. ๐ค
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๐ VanEckโs Bold Crypto Predictions for 2025!
๐ฎ Tokenized Securities: Expected to surpass $50 billion, shifting from permissioned chains to open-source blockchains.
๐ต Stablecoins: Daily settlement volumes could hit $300 billion, transforming global payments.
๐ค AI Agents: Over 1 million autonomous digital workers to emerge, reshaping industries from finance to gaming.
โก๏ธ Bitcoin Layer-2s: Total value locked predicted to reach 100,000 BTC, driven by rapid adoption.
๐ Ethereum: Blob space fees to generate $1 billion, thanks to booming Layer-2 and tokenized assets use cases.
๐ DeFi: All-time highs with $4 trillion DEX volume and $200 billion TVL, fueled by AI and tokenized assets.
๐จ NFTs: Trading volumes to rebound to $30 billion, with projects like Pudgy Penguins leading innovation.
๐ DApp Tokens: Narrowing the performance gap with L1 tokens, boosted by innovations in AI and DePIN.
๐ฎ Tokenized Securities: Expected to surpass $50 billion, shifting from permissioned chains to open-source blockchains.
๐ต Stablecoins: Daily settlement volumes could hit $300 billion, transforming global payments.
๐ค AI Agents: Over 1 million autonomous digital workers to emerge, reshaping industries from finance to gaming.
โก๏ธ Bitcoin Layer-2s: Total value locked predicted to reach 100,000 BTC, driven by rapid adoption.
๐ Ethereum: Blob space fees to generate $1 billion, thanks to booming Layer-2 and tokenized assets use cases.
๐ DeFi: All-time highs with $4 trillion DEX volume and $200 billion TVL, fueled by AI and tokenized assets.
๐จ NFTs: Trading volumes to rebound to $30 billion, with projects like Pudgy Penguins leading innovation.
๐ DApp Tokens: Narrowing the performance gap with L1 tokens, boosted by innovations in AI and DePIN.
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๐ Bitcoin Hits a New ATH!
This morning kicks off with fantastic news: BTC has smashed through $106,600, setting a new all-time high! ๐ฅ
Now the big question isโwill the altcoin season follow? If it does, the market could heat up even more ๐ฅ.
Meanwhile, Michael Saylor from MicroStrategy is already celebrating:
๐
Stay tuned for more market updates! ๐
This morning kicks off with fantastic news: BTC has smashed through $106,600, setting a new all-time high! ๐ฅ
Now the big question isโwill the altcoin season follow? If it does, the market could heat up even more ๐ฅ.
Meanwhile, Michael Saylor from MicroStrategy is already celebrating:
I will see you on the moon. #Bitcoin
๐
Stay tuned for more market updates! ๐
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