Binance’s CZ will have to wait for his sentencing in the United States, the U.S. Congress passed a bill supporting blockchain, and Elon Musk’s xAI seeks $1 billion in capital.
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DOJ unveils extensive monitorship of Binance operations
Binance’s new compliance obligations include cooperation to grant U.S. authorities access to all documents, records and resources upon request.
Tether announces wallet-freezing policy for OFAC-sanctioned persons
Tether is expanding control sanctions to the secondary market in an effort to cooperate with regulators in the United States.
Bitcoin dominance threatens ‘likely top’ despite BTC price eyeing $45K
Bitcoin (BTC) risks “rolling over” to cancel its latest uptrend, new analysis warns as altcoins surge.
In a post on X (formerly Twitter) on Dec. 9, popular analyst and social media commentator Matthew Hyland flipped cautious on BTC price action.
Bitcoin dominance risks violating key level
Bitcoin bulls kept momentum hot into the end of the week’s Wall Street trading as BTC/USD sealed new 19-month highs of $44,729 on Bitstamp on Dec. 8.
Data from Cointelegraph Markets Pro and TradingView tracked a subsequent return below the $44,000 mark, with Bitcoin cementing itself in an intraday range.
BTC/USD 1-hour chart. Source: TradingViewFor Hyland, however, there are more sinister signs that the bull run may be in trouble after robust 60% gains since the start of October.
Bitcoin dominance threatens ‘likely top’ despite BTC price eyeing $45K
Bitcoin analysis suggests that all may not be well for BTC price strength as altcoins make their move.
Bitcoin dominance threatens ‘likely top’ despite BTC price eyeing $45K
Bitcoin (BTC) risks “rolling over” to cancel its latest uptrend, new analysis warns as altcoins surge.
In a post on X (formerly Twitter) on Dec. 9, popular analyst and social media commentator Matthew Hyland flipped cautious on BTC price action.
Bitcoin dominance risks violating key level
Bitcoin bulls kept momentum hot into the end of the week’s Wall Street trading as BTC/USD sealed new 19-month highs of $44,729 on Bitstamp on Dec. 8.
Data from Cointelegraph Markets Pro and TradingView tracked a subsequent return below the $44,000 mark, with Bitcoin cementing itself in an intraday range.
BTC/USD 1-hour chart. Source: TradingViewFor Hyland, however, there are more sinister signs that the bull run may be in trouble after robust 60% gains since the start of October.
How blockchain transforms Christmas giving
Unwrap the magic of how blockchain reshapes the landscape of Christmas giving, bringing innovation and efficiency to the age-old tradition.
FTX and Alameda move $23.59M in assets to Binance, Coinbase, OKX
The latest transfer of $23.59 million was spread across 19 tokens, including ETH, ALEPH, CRV, AVAX, LINK, DOGE, MATIC, UNI and SOL.
VanEck files 5th amendment to spot Bitcoin ETF under ‘HODL’
Analysts say the ticker code could help avoid negative attention on adviser statements.
VanEck files 5th amendment to spot Bitcoin ETF under ‘HODL’
Analysts say the ticker code could help avoid negative attention on adviser statements.
EU officials reach ‘historic’ AI regulation deal
The agreement mandates models like ChatGPT and general AI to follow transparency rules before market entry.
Kyberswap comes to the rescue of hack victims, Platypus hacker walks free: Finance Redefined
The Platypus hacker managed to walk free from a court after claiming to be an ethical hacker despite stealing $8.5 million from the protocol.
Less than 2% of El Salvador's population holds crypto: Report
According to a recent report, crypto enthusiasm in El Salvador lags behind despite the country's ongoing pro-crypto initiatives.
Less than 2% of El Salvador's population holds crypto: Report
According to a recent report, crypto enthusiasm in El Salvador lags behind despite the country's ongoing pro-crypto initiatives.
Fidelity and SEC meet to discuss spot Bitcoin ETF application
The United States SEC and Fidelity assembled to discuss Fidelity's Wise Bitcoin Origin Trust application, reviewing diagrams and the operational functionality of the product.
Fidelity and SEC meet to discuss spot Bitcoin ETF application
The United States SEC and Fidelity assembled to discuss Fidelity's Wise Bitcoin Origin Trust application, reviewing diagrams and the operational functionality of the product.
Crypto lawyer wants to depose Changpeng Zhao for civil case
The Moskowitz Law Firm, which represented many crypto investors in class-action lawsuits, cited the former Binance CEO’s “unique knowledge” of issues in calling for his deposition.
Why is Solana (SOL) price up this week?
Solana's native token (SOL) surged by 17% between Dec. 7 and Dec. 8, reaching its highest level since May 2022.
SOL's fate changed dramatically on Dec. 1 when Brian Armstrong, CEO of Coinbase, revealed a plan to integrate the Solana network, including its tokens, although no specific date has been provided. This news sparked interest in Bonk (BONK), a Solana SPL meme token listed on Bybit, KuCoin, and Solana's decentralized exchange, Orca, which gained 236% between Dec. 1 and Dec. 8.
On Dec. 6, Coinbase exchange announced the listing of Jito (JTO), an SPL token on the Solana network, which saw instant success as JTO doubled in price between Dec. 7 and Dec. 8. With the current circulating supply of 115 million, Jito's market capitalization now stands at $422 million.
The governance token of the Solana-based liquid staking protocol Jito conducted an airdrop of 80 million tokens to early users, validators, and protocol contributors. In total, approximately 9,900 addresses staked SOL using Jito ahead of the snapshot date, resulting in an impressive distribution of 4,941 JTO tokens for each participant.
The decentralized finance (DeFi) application Jito allows users to benefit from SOL staking and receive a derivative JitoSOL token in exchange for additional flexibility and yields, a common practice in the Ethereum ecosystem through the Lido platform. According to Coingecko's order book depth, Binance leads the JTO market with bids totaling $606,000.
Web3 protocol Blast reaches $823M TVL despite bugs and controversy
Amid technical challenges and investor scrutiny, Blast’s staking model has propelled its total value locked to $823 million.
Price analysis 12/8: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, AVAX, LINK, MATIC
This week Bitcoin (BTC) price saw a shallow pullback, but the intra-day rally to the $44,000 level is an indication that the bulls are not hurrying to close their positions. Data from the popular HODL Waves metric shows that investors who purchased Bitcoin between December 2020 and December 2021 have been sitting on their coins.
Investors have not been selling into strength because they anticipate higher levels in the future. Asset manager VanEck said in its crypto predictions for 2024 that Bitcoin would make a new all-time high, buoyed by the “political events and regulatory shifts following a U.S. presidential election.”
Daily cryptocurrency market performance. Source: Coin360Bitcoin’s rally of the past few days has also attracted investors to select altcoins, such as Ether (ETH), Cardano (ADA) and Solana (SOL). Research firm Santiment remains positive on the prospects of Bitcoin. It said on Dec. 7 that if FUD increases, Bitcoin could surge to $50,000.
Will Bitcoin find buyers at lower levels and resume its charge to $48,000, or will the action shift to altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price analysis
Bitcoin turned down from $44,500 on Dec. 5, indicating profit-booking by short-term traders. Pullbacks are usually shallow in strong uptrends and do not last long because the bulls eagerly buy the dips.
