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📊 UPDATE: $ETH nears ATH as US Spot Ether ETFs see a record $836M weekly inflow.
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🇧🇹 BREAKING: Bhutan transfers 406 BTC to QCP Capital, suspected for sale.
The government, the 4th largest #Bitcoin holder globally, still holds 12,202 $BTC worth $1.2B.
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🔥 BULLISH: OKX CEO, Star Xu, predicts #Bitcoin will hit $1M.
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📈INSIGHT: #Ethereum’s chart signals to traders that a new high could hit next week
Crypto traders are turning extremely bullish on $ETH, saying it is going “much higher, far beyond your worst nightmares.”
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🇦🇪 LATEST: The bitcoinmena conference kicks off in Abu Dhabi today.
Notable speakers on Day 1 include: Changpeng Zhao, Justin Sun, Yat Siu, and Dylan LeClair among many others.
Cointelegraph will be covering the entire event. 🔥
⚡️BRAD GARLINGHOUSE: Countering crypto skepticism on 60 Minutes, the Ripple CEO highlighted U.S. spot Bitcoin ETFs as being the "most successful" ever.
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🚨 LATEST: Several crypto industry executives have voiced frustration over the re-election possibility of the vocal crypto skeptic, SEC commissioner Caroline Crenshaw which voting will take place on Dec. 11 by the U.S. Senate Banking Committee.
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🔥 INSIGHT: The two Papa John's pizzas ordered by programmer Laszlo Hanyecz in 2010 for 10,000 Bitcoin are now worth $1 billion!
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🚨 LATEST: Telegram founder Pavel Durov questioned in Paris court for the first time regarding a legal case involving allegations of the messenger app facilitating criminal activity, according to AFP.
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🚨 LATEST: The U.S. FSOC warns stablecoins remain a potential risk to financial stability in its latest report, claiming they are acutely vulnerable to run absent appropriate risk management standards.
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🔥 BULLISH: Crypto adoption continues to soar, with over 400 million active wallets.
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🗞 Catch up on the news over the last 24 hours!
🇬🇧 UK Government Holds Over $6 Billion in Bitcoin
💸 1 Billion $USDT Minted by Tether Treasury on Ethereum
🤖 President-elect Trump Appoints David O. Sacks as White House A.I. and Crypto Czar
🇨🇦 Circle’s USDC Becomes First Stablecoin to Meet Canada’s New Listing Rules
💰 U.S. Spot Ethereum Sees Largest Daily Inflows Since Launch, $431.5M on December 5
🪙 Mt. Gox Moves $352.69M Worth of Bitcoin to Two New Wallets
💬 Senator Cynthia Lummis: “Bitcoin Act Will Address Past Debt for Future Generations, but Only If Gov’t Stops Digging”
⚠️ $XRP Bulls Could Face ‘Bloodbath’ if Bitcoin Dominance Rises
💼 Top 10 Public Firms Hold Over 527K BTC, Representing 2.66% of Bitcoin’s Supply
🇨🇿 Czech Republic Eliminates Capital Gains Tax on Bitcoin Held for 3+ Years
🤑 US Spot ETFs Now Hold Over 1.1M Bitcoin, Surpassing Satoshi as the Largest Global Holder
💥 Ethereum Breaks $4K, Overtakes Mastercard in Market Cap
📉 Trump’s Crypto Czar David Sacks, Investor in Solana-Focused Multicoin Capital, Believes Solana Could Overtake Ethereum
💵 Bitcoin Back Above $100,000
🔥 JUST IN: Bitcoin is back above $100,000!
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🔥 BULLISH: Ethereum breaks $4K and has now overtaken Mastercard in market cap.
$ETH: 485B
$MA: 484B
⚡ JUST IN: US spot ETFs now hold more than 1.1M #Bitcoin, surpassing Satoshi, becoming the largest holder globally in less than a year.
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🔥 NEW: “In the next 12-18 months, the market will go higher than it probably should; a lot of people are going to make a lot of money,” Dylan Leclair, Director of #Bitcoin strategy at Metaplanet.
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⚡ JUST IN: “#Bitcoin is a better version of gold,” says John Darsie from SkyBridge Capital.
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🔥 ICYMI: National Center for Public Policy Research proposes BTC treasury to Amazon
The National Center for Public Policy noted that MicroStrategy’s stock outperformed Amazon’s stock by 537% due to its Bitcoin strategy.
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🔥 BITCOIN MENA: David Bailey, CEO of BTC Inc opens up the event by highlighting the amazing growth of Bitcoin.
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📈INSIGHT: The #altcoin market cap (excluding the top 10) had a weekly close above $425B for the first time since November 2021
h/t: Rekt Capital
⚡️ ICYMI: NFTs started December with $187M in weekly sales volume
Pudgy Penguins recorded $25M in sales, while CryptoPunks had a weekly volume of $16.5M.
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🔥 SAYLOR: “Sell all the US gold, buy Bitcoin and then the trade is free. You’ll demonetize the entire gold asset class and our enemies hold gold in their banks. Their assets will go to zero, our assets will go to $100 trillion and we will control the world reserve capital network.”
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🚨 JUST IN: The U.S. Treasury latest report says “the primary use case for #Bitcoin seems to be a store of value aka ‘digital gold’ in the DeFi world.”
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🇺🇸 ETF FLOWS: Around 3,840 $BTC and 22,130 $ETH were bought on Dec. 6.
BTC ETFs saw $376.6M in net inflows.
ETH ETFs saw $83.8M in net inflows.
🔥 LATEST: BlackRock’s $IBIT bought $253.2M worth of Bitcoin on Dec. 6.
That makes a total of $2.6 billion of inflows this week for $IBIT.
🚨 JUST IN: The Tether treasury has minted 2,000,000,000 $USDT on Ethereum.
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🔥 Polkadot’s JAM Supercharges Web3 Scalability
Web3’s potential is hindered by scalability, high fees, and poor user experience. Polkadot’s JAM, a trustless supercomputer, tackles these issues with decentralized computing and storage.
Set to launch by 2025, JAM aims to power scalable, efficient DApps and AI, driving Web3’s growth and usability forward.
[Brought to you by Polkadot]
🇺🇸 NEW: Trump’s crypto czar David Sacks is an investor in $SOL-focused Multicoin Capital and believes Solana has the potential to overtake Ethereum.
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🚨 BREAKING: The Czech Republic eliminates capital gains tax on #Bitcoin held for 3+ years, with unanimous parliamentary approval.
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