🔽Over 70% of USD invested in BTC is at a loss while Bitcoin market sentiment reaches a 2-year low

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📣 Scott Bessent, US Treasury Secretary: "The entire economy is not at risk of recession.”

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🔜 Just Upcoming

Abu Dhabi Finance Week
— UAE (December 8-11)

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⭐ The Most Important Only.

— Major launches built-in Escrow service

— Khabib’s limited gift

— TON listed on Coinbase

— BTC under $81,000

— Revolut has integrated stablecoin payments

— NVIDIA Financial Results (3Q)

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🪙 BTC has posted four consecutive weekly declines, marking its longest slump since June 2024

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❕ Grayscale's DOGE and XRP ETFs will start trading today

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🔥 The European Central Bank warns that fast-growing stablecoins could create spillover risks for traditional finance if a major run hits the market

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🪙 China is now world's top 3 Bitcoin miner despite ongoing ban

Underground mining has lifted China’s hash-rate to 14, even though crypto mining has been banned since 2021.

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🪙 Deutsche Bank explains why Bitcoin is under pressure

Bitcoin just had its worst week since February, down over 30% from last month’s peak. Deutsche Bank analysts point to five main reasons:

1. Risk-off mood in markets. Bitcoin is moving like a high-growth tech stock, rather than an independent "store of value".

2. Hawkish Fed signals. Jerome Powell warned a December rate cut isn’t guaranteed.

3. Stalling crypto regulation. Progress on the Digital Asset Market Clarity Act in the Senate has slowed.

4. Institutional outflows. Big investors are pulling money out.

5. Long-term holders taking profits. Early holders are cashing in gains.

🔜 Full post

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❕ FT: Binance founder Changpeng Zhao accused of facilitating payments to Hamas

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⚡️ Analyst: Quantum computers won’t break Bitcoin’s code, they’ll break its politics

Bitcoin analyst James Check argued Bitcoin’s quantum risk is chiefly a consensus dilemma — not a tech one — because the network is unlikely to freeze legacy coins.

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🔝 Bitcoin reclaims $88,000 following Trump's phone call with Xi

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🔥 The Fear and Greed Index has inched higher but remains deep in extreme fear, currently sitting at 19

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🔥 Bloomberg: Galaxy Digital explores Polymarket, Kalshi partnerships as liquidity provider

Polymarket and Kalshi are the two dominant prediction market platforms, which have seen around $42.4 billion in cumulative volume.

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🪙 Santiment: The number of wallets holding at least 100 BTC has risen by +0.47% since November 11th

Meanwhile, small wallets (especially 0.1 $BTC or less) have been shrinking in number. Retail capitulation will generally play out well for crypto prices in the long run.

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🔝 Crypto VC activity hits $4.6B in Q3, second-best quarter since FTX collapse

Half of the venture capital raised in the third quarter was from seven venture deals, with Revolut leading the way with a $1 billion investment.

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❕ Forecast: Without renewed ETF inflows, the Citi bank sees Bitcoin drifting toward its $82K year-end bear case

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🔥 UAE’s new financial law pulls DeFi and Web3 into regulatory scope

Federal Decree Law No. 6 expands the UAE central bank’s authority over DeFi, ending the "just code" defense and imposing penalties of up to $272 million.

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❕ US Macro Data (PPI, September): 2.7%
Forecast: 2.6%

❕ Core PPI YoY: 2.6%
Forecast: 2.7%

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