JUST IN: Paxos releases its November 2024 transparency report for PYUSD, showing a decline in circulation to about $539.8 million, with total net assets backing the stablecoin at approximately $551.1 million.
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RECENTLY: According to a report, Iran's Minister of Economic Affairs, Abdolnaser Hemmati, stated that the government plans to regulate cryptocurrencies to harness their benefits rather than impose restrictions.
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ANALYSIS: Tap-to-earn crypto games on Telegram are losing users rapidly, with Google Trends showing an 80% drop in interest since June 2024, despite a booming cryptocurrency market.
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RECENTLY: Argentina has announced the opening of its stock market to foreign crypto ETFs, allowing investments in Bitcoin and Ethereum through Argentine deposit certificates (CEDEARs).
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JUST IN: Max Keiser has announced that he is raising his Bitcoin price target from $220,000 to $2,200,000.
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RECENTLY: Microsoft has announced it will vote on December 10 regarding a potential Bitcoin investment, a decision that could significantly influence both the company and the cryptocurrency market.
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JUST IN: Coinbase addressed user concerns about account restrictions, urging patience and clarifying that they are not ignoring users while actively responding to issues linked to increased fraudulent activities.
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RECENTLY: Tyler Winklevoss of Gemini has announced that the exchange will follow Coinbase in rejecting law firms that hire former SEC officials linked to regulatory overreach against the crypto industry.
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RECENTLY: Dogecoin co-founder Billy Markus humorously revealed he sold Bitcoin in 2015 for mundane expenses, which would now be worth over $3.7 million.
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JUST IN: The U.S. Senate Banking Committee will vote on December 11 to decide on Caroline Crenshaw's renomination to the SEC, amid criticism of her skepticism toward cryptocurrencies and opposition to spot Bitcoin ETFs.
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OPINION: Michael Saylor proposes that the U.S. should replace gold with Bitcoin as a strategic reserve, suggesting the government acquire 20-25% of existing Bitcoin using gold reserves to enhance its global financial dominance.
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ANALYSIS: Bitcoin's "Choppiness" Index from CryptoQuant suggests that breaking the $110,000 price level will be challenging, as the cryptocurrency experiences increased volatility and consolidation.
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ANALYSIS: Top ten Bitcoin holders control nearly 15% of the circulating supply, with Coinbase, Binance, and BlackRock leading the ranks as Bitcoin trades above $100,000.
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RECENTLY: A cryptocurrency user, "LeftsideEmiri," lost $300,000 in a phishing scam after clicking a malicious meeting link, with the stolen funds reportedly transferred to a wallet linked to the BingX exchange.
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JUST IN: Memecoin Pepe (PEPE) surpassed Uniswap's token (UNI) in market capitalization, reaching over $11 billion, up from approximately $591 million at the start of 2024.
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RECENTLY: Vitalik Buterin backed Nick White's critique that decentralization alone isn't enough, emphasizing that verifiability and democratized participation are crucial for maintaining Ethereum's integrity.
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ANALYSIS: Bitcoin may be nearing a peak as long-term holders sold 828,000 BTC in 30 days, prompting CryptoQuant's Maartuun to warn traders about a potential market shift.
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RECENTLY: President Trump clarified that he never wanted to remove Jerome Powell from his position as Federal Reserve Chair.
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RECENTLY: Jesse Colombo criticized Michael Saylor's proposal to trade U.S. gold reserves for Bitcoin, calling it "outrageously foolish" and emphasizing gold's long-standing value compared to Bitcoin's short history.
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JUST IN: The National Center for Public Policy Research has proposed that Amazon adopt a Bitcoin treasury strategy at its April 2025 shareholder meeting to hedge against inflation.
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JUST IN: The Cardano Foundation's X account was hacked, promoting a fraudulent "ADAsol" token and falsely claiming support for ADA would be halted due to an SEC lawsuit, generating $500,000 in trading volume before crashing.
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🚨BREAKING: Amazon shareholders are urging the company to consider adding Bitcoin to its treasury.
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ANALYSIS: NFT sales surged to $187 million in the first week of December, driven by Ethereum, which also saw its price surpass $4,000 amid growing interest in Ethereum ETFs, according to CryptoSlam.
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ANALYSIS: Bitcoin is on the verge of achieving its highest weekly close ever.
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RECENTLY: Venture capitalist Felix Hartmann cautions that the current altcoin rally may be short-lived, as profit-taking by institutional investors increases and funding rates soar.
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ANALYSIS: Illia Otychenko from CEXIO, predict Ethereum could reach between $6,200 and $10,000 in the next three to six months, driven by strong DeFi, NFT, and Web3 activity, as it enters a 'secondary bull run.'
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RECENTLY: South Africa's DIRCO has clarified to Bloomberg that BRICS is not planning to create a new currency to rival the US dollar, emphasizing a focus on using national currencies for trade among member nations instead.
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RECENTLY: President Nayib Bukele announced that El Salvador's Bitcoin strategy yielded a 124% profit, with the national portfolio surpassing $600 million as Bitcoin recently exceeded $100,000.
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ANALYSIS: LBank Labs' "Top 10 Trending Memecoins of 2024" report reveals that the memecoin market has grown to $120 billion, highlighting a shift toward community-driven and innovative projects, with LBank achieving notable gains from assets.
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RECENTLY: Venture capitalists Rob Hadick and David Pakman express skepticism about crypto-AI projects, predicting that most investors will lose money due to the challenges of competing with established centralized AI companies.
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