๐ป Another Bear Calls for a Drop to $50K
๐ Bloombergโs senior strategist Mike McGlone believes Bitcoin could fall to $50,000, noting the asset is strongly overbought relative to gold.
๐ Lower volatility in the stock market is also supporting the current correction.
Both bull and bear camps are growing โ and the tension is rising. Who will be right this time? ๐คจ
๐ Bloombergโs senior strategist Mike McGlone believes Bitcoin could fall to $50,000, noting the asset is strongly overbought relative to gold.
๐ Lower volatility in the stock market is also supporting the current correction.
Both bull and bear camps are growing โ and the tension is rising. Who will be right this time? ๐คจ
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๐จ 2010 Bitcoin Miner Moves โSleepingโ Coins
A Bitcoin miner from 2010 just moved 50 BTC mined in the early days โ coins that have since increased in value by 21.65 million times (~2.165 billion %)! ๐
These 50 BTC were originally mined in March 2010 for a single block, when Bitcoin was worth only $0.004 โ making their initial value around $0.20. ๐ช
On Dec 2, 2025, the coins were transferred to five new addresses, now valued at roughly $4.33 million. ๐ฐ
A rare glimpse into early Bitcoin history and the incredible long-term gains of holding since the Satoshi era. ๐
A Bitcoin miner from 2010 just moved 50 BTC mined in the early days โ coins that have since increased in value by 21.65 million times (~2.165 billion %)! ๐
These 50 BTC were originally mined in March 2010 for a single block, when Bitcoin was worth only $0.004 โ making their initial value around $0.20. ๐ช
On Dec 2, 2025, the coins were transferred to five new addresses, now valued at roughly $4.33 million. ๐ฐ
A rare glimpse into early Bitcoin history and the incredible long-term gains of holding since the Satoshi era. ๐
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๐ Crypto Market Rebounds: Bitcoin Back Above $93K
Bitcoin has surged past $93,000, while Ethereum is trading above $3,050 as the market fully recovers from the December 1 dip, when BTC briefly fell below $84K.
๐ฐ Total crypto market cap has climbed back to $3.15 trillion.
The sharp rebound triggered massive liquidations:
โข 123,000+ traders liquidated
โข Total losses: $492M
โข Short-sellers took the biggest hit โ over $310M wiped out on BTC and ETH alone
The market bounces back fast โ and punishes the bears even faster.
Bitcoin has surged past $93,000, while Ethereum is trading above $3,050 as the market fully recovers from the December 1 dip, when BTC briefly fell below $84K.
๐ฐ Total crypto market cap has climbed back to $3.15 trillion.
The sharp rebound triggered massive liquidations:
โข 123,000+ traders liquidated
โข Total losses: $492M
โข Short-sellers took the biggest hit โ over $310M wiped out on BTC and ETH alone
The market bounces back fast โ and punishes the bears even faster.
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๐ Bitcoin mining is getting pricier
According to the latest CoinShares report, the average cost to mine 1 BTC for public miners in Q2 2025 climbed to ~$74,600. ๐ง
But if you include non-cash expenses โ depreciation and stock-based compensation โ the total average cost jumps to ~$137,800 per BTC. ๐ณ
Rising costs highlight growing pressure on miners as profitability tightens, especially with BTC consolidating and competition increasing. ๐
According to the latest CoinShares report, the average cost to mine 1 BTC for public miners in Q2 2025 climbed to ~$74,600. ๐ง
But if you include non-cash expenses โ depreciation and stock-based compensation โ the total average cost jumps to ~$137,800 per BTC. ๐ณ
Rising costs highlight growing pressure on miners as profitability tightens, especially with BTC consolidating and competition increasing. ๐
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๐ BTC buy/sell ratio hits highest level since Jan 2023
The BTC buy-to-sell ratio across all exchanges jumped to 1.17 yesterday โ the highest reading since early 2023. This signals a clear dominance of buyers in the market. ๐ง
Historically, such spikes suggest that the current bull cycle is unlikely to be ending soon, although market risks remain in place.
The BTC buy-to-sell ratio across all exchanges jumped to 1.17 yesterday โ the highest reading since early 2023. This signals a clear dominance of buyers in the market. ๐ง
Historically, such spikes suggest that the current bull cycle is unlikely to be ending soon, although market risks remain in place.
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๐ฅ Vanguard Effect hits Bitcoin
Eric Balchunas notes a powerful โVanguard Effectโ: Bitcoin surged right as U.S. markets opened โ on the first day Vanguard allowed its clients to buy crypto ETFs.
The investment giant listed ETFs for BTC, ETH, SOL, XRP, LTC and others on its platform. Trading exploded instantly: IBIT (BlackRockโs BTC ETF) crossed $1B volume in the first 30 minutes of the U.S. session. ๐๐ต
Balchunas joked:
Vanguard manages over $11 trillion in assets โ and its entry is already moving the market. ๐ฐ
Eric Balchunas notes a powerful โVanguard Effectโ: Bitcoin surged right as U.S. markets opened โ on the first day Vanguard allowed its clients to buy crypto ETFs.
The investment giant listed ETFs for BTC, ETH, SOL, XRP, LTC and others on its platform. Trading exploded instantly: IBIT (BlackRockโs BTC ETF) crossed $1B volume in the first 30 minutes of the U.S. session. ๐๐ต
Balchunas joked:
"I knew those Vanguardians had a little degen in them, even some of the most conservative investors like to add a little hot sauce to their portfolio."
Vanguard manages over $11 trillion in assets โ and its entry is already moving the market. ๐ฐ
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๐ American Bitcoin stock collapses 50% in a month
๐ Shares of American Bitcoin have dropped more than 50% over the past month as early investors rushed to exit following the end of their lock-up period.
Even high-profile PR โ including Eric Trumpโs tours of the companyโs mining facilities โ failed to stop the sell-off. ๐คท
๐ Shares of American Bitcoin have dropped more than 50% over the past month as early investors rushed to exit following the end of their lock-up period.
Even high-profile PR โ including Eric Trumpโs tours of the companyโs mining facilities โ failed to stop the sell-off. ๐คท
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๐ผ Bitcoinโs fair value estimated at $165K
๐ A new analysis comparing BTCโs price to global liquidity suggests Bitcoin could be fairly valued around $165,000.
Just recently, the market offered a chance to buy around $80K โ potentially a 2x upside if BTC realigns with liquidity trends. ๐๐ต
Maybe that was the last big opportunity? ๐
๐ A new analysis comparing BTCโs price to global liquidity suggests Bitcoin could be fairly valued around $165,000.
Just recently, the market offered a chance to buy around $80K โ potentially a 2x upside if BTC realigns with liquidity trends. ๐๐ต
Maybe that was the last big opportunity? ๐
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๐ Ethereum sets new all-time performance record
Ahead of todayโs Fusaka upgrade, the Ethereum ecosystem (L1 + L2 combined) broke a new throughput record โ 32,950 TPS, surpassing last weekโs peak of 31,000 TPS. ๐ดโโ๏ธ
Scalability upgrades continue to push the network to new highs.๐
Ahead of todayโs Fusaka upgrade, the Ethereum ecosystem (L1 + L2 combined) broke a new throughput record โ 32,950 TPS, surpassing last weekโs peak of 31,000 TPS. ๐ดโโ๏ธ
Scalability upgrades continue to push the network to new highs.๐
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๐ฒ Binance launches Binance Junior โ accounts for kids and teens
Binance has introduced Binance Junior, a parent-controlled app and sub-account designed for users aged 6 to 17. ๐ฆ
Parents manage permissions, while teens can access a simplified interface and make payments via Binance Pay (where available). ๐ต
Binance has introduced Binance Junior, a parent-controlled app and sub-account designed for users aged 6 to 17. ๐ฆ
Parents manage permissions, while teens can access a simplified interface and make payments via Binance Pay (where available). ๐ต
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๐ฌ Did Jim Cramer just curse Saylor?
Cramer compared Michael Saylor to the โMalcolm X of Bitcoin,โ saying heโll do whatever it takes to defeat short-sellers.
Given Cramerโs legendary โinverse effect,โ the crypto community instantly started discussing:
Is this the beginning of the end for Bitcoin? ๐ค๐ญ
Cramer compared Michael Saylor to the โMalcolm X of Bitcoin,โ saying heโll do whatever it takes to defeat short-sellers.
Given Cramerโs legendary โinverse effect,โ the crypto community instantly started discussing:
Is this the beginning of the end for Bitcoin? ๐ค๐ญ
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โ๏ธ Strategy is preparing for a potential โcrypto winterโ
๐ Analysts at CryptoQuant believe Michael Saylorโs company is getting ready for a bear market. Strategy has begun building a USD reserve to cover debt obligations over the next two years โ currently $1.4B, with plans to increase it. ๐ต
Experts note that a 24-month cash buffer signals the company sees a real risk of Bitcoin entering a prolonged sideways phase or deeper decline. ๐
This shift may have major market implications:
โช๏ธLower BTC purchases from Strategy could weaken a key source of demand that fueled previous bull cycles.
โช๏ธBut the USD reserve also reduces the chance of forced BTC selling during stress, which ultimately supports long-term market stability.
๐ Analysts at CryptoQuant believe Michael Saylorโs company is getting ready for a bear market. Strategy has begun building a USD reserve to cover debt obligations over the next two years โ currently $1.4B, with plans to increase it. ๐ต
Experts note that a 24-month cash buffer signals the company sees a real risk of Bitcoin entering a prolonged sideways phase or deeper decline. ๐
This shift may have major market implications:
โช๏ธLower BTC purchases from Strategy could weaken a key source of demand that fueled previous bull cycles.
โช๏ธBut the USD reserve also reduces the chance of forced BTC selling during stress, which ultimately supports long-term market stability.
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๐ Bitwise: Corporate ETH treasuries are collapsing
According to Bitwise, companies bought only 370,000 ETH in November (~$1.1B) โ an 81% drop from the August peak. ๐ง
The corporate treasury model is rapidly losing strength: premiums are shrinking, demand is fading, and smaller firms are entering a โdeath spiralโ, losing access to capital and the ability to keep accumulating ETH.
A worrying signal for the corporate ETH narrative โ pressure i clearly building. ๐งฑ
According to Bitwise, companies bought only 370,000 ETH in November (~$1.1B) โ an 81% drop from the August peak. ๐ง
The corporate treasury model is rapidly losing strength: premiums are shrinking, demand is fading, and smaller firms are entering a โdeath spiralโ, losing access to capital and the ability to keep accumulating ETH.
A worrying signal for the corporate ETH narrative โ pressure i clearly building. ๐งฑ
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๐ฆ CryptoQuant CEO: A 2022-style Bitcoin crash is unlikely
According to CryptoQuantโs CEO, if Strategy keeps holding its 650,000 BTC (~$60B) this cycle โ or sells only a small portion โ the market is unlikely to see another -65% Bitcoin drawdown like in 2022. ๐
BTC is currently about 25% below its ATH, and even if a bear phase begins, the decline will likely be much milder, resembling a broad sideways range rather than a deep collapse.
His message to long-term holders: avoid panic selling. Bitcoin now has stronger liquidity channels and far better structural support than in past cycles. ๐ค
According to CryptoQuantโs CEO, if Strategy keeps holding its 650,000 BTC (~$60B) this cycle โ or sells only a small portion โ the market is unlikely to see another -65% Bitcoin drawdown like in 2022. ๐
BTC is currently about 25% below its ATH, and even if a bear phase begins, the decline will likely be much milder, resembling a broad sideways range rather than a deep collapse.
His message to long-term holders: avoid panic selling. Bitcoin now has stronger liquidity channels and far better structural support than in past cycles. ๐ค
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๐ฑ Major Security Flaw Found in Popular Android Chip โ Solana Phones at Risk
Ledger researchers have demonstrated a critical exploit in the MediaTek Dimensity 7300 chip โ the same one used in Solana Seeker smartphones.
โก๏ธ Using an electromagnetic attack, they gained full control of the device, and the flaw lies in the boot ROM, meaning it cannot be patched.
Key points:
โข The vulnerability is baked into the silicon โ no software fix is possible.
โข Attackers can escalate privileges to the highest level.
โข Solana Seeker phones inherit the same hardware-level flaw.
โข Storing private keys on such devices is unsafe.
โข Ledger stresses that only secure-element hardware wallets protect against this class of attacks.
A serious reminder: if your phone uses Dimensity 7300, it should not be your crypto storage device. ๐คท
Ledger researchers have demonstrated a critical exploit in the MediaTek Dimensity 7300 chip โ the same one used in Solana Seeker smartphones.
โก๏ธ Using an electromagnetic attack, they gained full control of the device, and the flaw lies in the boot ROM, meaning it cannot be patched.
Key points:
โข The vulnerability is baked into the silicon โ no software fix is possible.
โข Attackers can escalate privileges to the highest level.
โข Solana Seeker phones inherit the same hardware-level flaw.
โข Storing private keys on such devices is unsafe.
โข Ledger stresses that only secure-element hardware wallets protect against this class of attacks.
A serious reminder: if your phone uses Dimensity 7300, it should not be your crypto storage device. ๐คท
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๐บ๐ธ BlackRock: U.S. Debt Growth Could Spark a Crypto Bull Run
BlackRock predicts that the rising U.S. national debt โ potentially hitting $50T by 2035 โ will drive crypto gains over the next decade, as a weakening dollar increases demand for Bitcoin as a store of value.
๐ก The booming AI sector requires massive investments in energy and infrastructure, funded through the expanding deficit.
With spot ETFs making institutional entry easier, cryptocurrencies are shifting from speculation to a legitimate hedge against debt and the new AI-driven economy.
Bottom line: Crypto is becoming a natural response to rising debt and economic transformation.
BlackRock predicts that the rising U.S. national debt โ potentially hitting $50T by 2035 โ will drive crypto gains over the next decade, as a weakening dollar increases demand for Bitcoin as a store of value.
๐ก The booming AI sector requires massive investments in energy and infrastructure, funded through the expanding deficit.
With spot ETFs making institutional entry easier, cryptocurrencies are shifting from speculation to a legitimate hedge against debt and the new AI-driven economy.
Bottom line: Crypto is becoming a natural response to rising debt and economic transformation.
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๐ Ripple CEO: Bitcoin could hit $180K by 2026
Key points from the interview:
โข Macro & cycles: Strong tailwinds and U.S. regulatory clarity are boosting crypto; institutions are just starting to enter.
โข ETF demand: Crypto ETFs are in early days โ Rippleโs ETF saw $700M+ inflows recently, and institutional adoption is accelerating.
โข Stablecoins: Investors prefer stablecoins in risk-off periods; Rippleโs stablecoin already surpassed $1B market cap.
Bullish outlook: BTC could surge as regulation, macro support, and institutional flows align.
Key points from the interview:
โข Macro & cycles: Strong tailwinds and U.S. regulatory clarity are boosting crypto; institutions are just starting to enter.
โข ETF demand: Crypto ETFs are in early days โ Rippleโs ETF saw $700M+ inflows recently, and institutional adoption is accelerating.
โข Stablecoins: Investors prefer stablecoins in risk-off periods; Rippleโs stablecoin already surpassed $1B market cap.
Bullish outlook: BTC could surge as regulation, macro support, and institutional flows align.
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๐ฅ Peter Schiff vs CZ: The Bitcoin vs Tokenized Gold Debate
At Binance Blockchain Week in Dubai, Peter Schiff and CZ went head-to-head in a debate about Bitcoin vs tokenized gold. Before the event, Schiff even posted a cartoon video showing him and CZ fighting โ CZ using Bitcoin, Schiff using a gold bar. ๐ฅ
But on stage things flipped: CZ โknocked him outโ by demonstrating a fake gold bar, making his point clear โ
โNo proof of work โ no value.โ ๐คท
Bottom line: the debate highlighted how, in todayโs market, digitally verifiable value can outweigh physical gold, especially when gold can be counterfeited.
At Binance Blockchain Week in Dubai, Peter Schiff and CZ went head-to-head in a debate about Bitcoin vs tokenized gold. Before the event, Schiff even posted a cartoon video showing him and CZ fighting โ CZ using Bitcoin, Schiff using a gold bar. ๐ฅ
But on stage things flipped: CZ โknocked him outโ by demonstrating a fake gold bar, making his point clear โ
โNo proof of work โ no value.โ ๐คท
Bottom line: the debate highlighted how, in todayโs market, digitally verifiable value can outweigh physical gold, especially when gold can be counterfeited.
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๐ณ Japanโs sovereign debt is on the edge
๐ฏ๐ต Japanโs 10-year bond yield has jumped from โ0.28% to 1.92% since 2019 โ the highest since 2007. The countryโs debt-to-GDP ratio is 215%, and it just launched a $135B stimulus package.
Markets now expect an 80% chance that the Bank of Japan will hike rates again on December 19. Such a move could trigger a carry-trade unwind, potentially causing global shockwaves.
While everyone watches the Fedโs decision on December 10, the real financial time bomb may be Japan.
Remember: on August 5, 2024, BTC briefly crashed below $50k during a carry-trade panic ๐ฉ
๐ฏ๐ต Japanโs 10-year bond yield has jumped from โ0.28% to 1.92% since 2019 โ the highest since 2007. The countryโs debt-to-GDP ratio is 215%, and it just launched a $135B stimulus package.
Markets now expect an 80% chance that the Bank of Japan will hike rates again on December 19. Such a move could trigger a carry-trade unwind, potentially causing global shockwaves.
While everyone watches the Fedโs decision on December 10, the real financial time bomb may be Japan.
Remember: on August 5, 2024, BTC briefly crashed below $50k during a carry-trade panic ๐ฉ
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Ethereum drops a 35-second video explaining the new Fusaka upgrade
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๐ธ Funds Are Accumulating Bitcoin
BlackRock CEO Larry Fink says sovereign wealth funds have been quietly buying large amounts of BTC around $80k โ not for speculation, but for true long-term accumulation.
๐ According to Fink, the Bitcoin market will accelerate much faster than most expect, and the key catalyst will be the tokenization of real-world assets (RWA).
๐ผ BlackRock believes tokenization will become the foundation of the new global financial system in the coming years.
Fink continues to fuel interest in the RWA narrative โ clearly warming up the market ahead of BlackRockโs upcoming products. ๐
BlackRock CEO Larry Fink says sovereign wealth funds have been quietly buying large amounts of BTC around $80k โ not for speculation, but for true long-term accumulation.
๐ According to Fink, the Bitcoin market will accelerate much faster than most expect, and the key catalyst will be the tokenization of real-world assets (RWA).
๐ผ BlackRock believes tokenization will become the foundation of the new global financial system in the coming years.
Fink continues to fuel interest in the RWA narrative โ clearly warming up the market ahead of BlackRockโs upcoming products. ๐
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