"Courage is found in unlikely places."
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It's Frriiiddaaaayyyy and welcome to December Folks! Bitcoin is trading down up at $38,348.81. Looks like Bitcoin got excited about the Cowboys winning last night :) It's been nearly 7 weeks of green. Let's get on with the news...
SUMMARY
Yesterday, we learned that MicroStrategy spent another $600M to purchase over 16,000 BTC; in less than 1 month; Novogratz praises the move.(10) Today, Bitcoin rolls into December at $39K for the first time since may 2022 and the put-call options ratio a bullish indicator for early 2024, says Deribit.(5)
The worlds of artificial intelligence and crypto will intersect in the future through autonomous AI agents, said Coinbase CEO Brian Armstrong.
Bitcoin options contracts worth over $1.13 billion are set to expire today, with a max pain price at around $37,000. Today's Bitcoin options batch has a put/call ratio of 0.58, indicating there are nearly twice as many long contract sellers. Bitcoin might end 2023 in the ‘green’ if it continues an 8-year pattern observed since 2015. Gustavo Petro, the president of Colombia, has officially joined the ranks of Bitcoin holders. Samson Mow, a prominent figure in the Bitcoin community, has gifted the president a wallet containing 100,000 satoshis.(4)
Grayscale has met with the SEC again, sparking new predictions for Bitcoin spot ETF approval in early January and Bloomberg ETF analysts predicts the window for potential Bitcoin ETF approval to be between January 5-10, 2024. Meanwhile, The SEC has opened the floor for public comments on Fidelity's spot Ethereum exchange-traded fund (ETF) application and Fidelity's court filing emphasizes the lack of a regulated avenue for obtaining Ethereum exposure in the US.(2) Grayscale Investments hires former Invesco ETF lead John Hoffman to take on managing director role.(2)
As December unfolds, Arthur Hayes eagerly anticipates potential gifts, eyeing Bitcoin surge to moon on heels of Jerome Powell's expected rate cut. Willy Woo says on-chain Bitcoin metric BTC flowing off of exchanges is flashing same bullish pattern as last year’s market bottom; $1B withdrawls - the mood is bullish.
Matrixport’s Compelling Case: Bitcoin’s Path to $125,000 by 2024
Cardano enthusiasts brace for potentially historic December as altcoin eyes 67.5% upswing, tracing tantalizing path through its captivating price history.(2) The Cardano Ballot opens on Friday and will check how the community feels about the development efforts behind Cardano's decentralization. Cardano is moving to a system where on-chain changes and the Treasury will be managed in part by community members, not Input Output Global.
More than $91,000,000,000 worth of Crypto sitting within Binance, Bitfinex and OKX reserves: On-Chain Data.
Celsius announced a liquidation plan, allowing users to withdraw their assets, but customers must comply with AML rules and withdrawal fees for retrieving assets from Celsius will be deducted from customers' accounts on a "per withdrawal" basis. Cristiano Ronaldo may have to settle for $750K to avoid trial in Binance case.(4) Binance gave VIP traders a heads up on $4B settlement: Bloomberg.(2)
In November 2023, the total loss from crypto security incidents skyrocketed to $356.53 million, a 6.9-fold increase compared to October losses. Major security breaches at Poloniex and HTX played a significant role in November's crypto losses, jointly accounting for 66% of the month's total. U.S. Department of Justice (DOJ) says that Miami resident Esteban Cabrera Da Corte has been sentenced to 63 months in prison for masterminding a scheme that involved stealing crypto assets and cash by scamming banks in the US. Cryptocurrency worth $1.5M seized from former Ukrainian head of state communications. North Korean hackers Lazarus Group stolen $3B in Cryptocurrency.
WATCH
LISTEN
Podcast of the Day: Anthony Scaramucci explains Wall Street's "secret reality" that makes a spot bitcoin ETF bullish | The Scoop
