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Welcome to Thursday Folks! Bitcoin is trading up at $35,386.12. Looks like Bitcoin might be firmly above $35K, let's get on to the news...
SUMMARY
Yesterday, Bernstein Research is positive that the United States Securities and Exchange Commission (SEC) will cave in in early January and approve a Spot Bitcoin ETF; Bitcoin's price could surge to $150,000 by 2025.(4) Today, St.Galler Kantonalbank works with SEBA Bank to offer Swiss customers Bitcoin and Ethereum.(6)
Bitcoin explodes to 18-month peak, leaving $150 Million in liquidations. Bitcoin eyes the $40,000 mark following the FOMC's decision to hold interest rates steady at 5.25% – 5.50%,(2) Meanwhile, Bitcoin price cleared the key $35,000 resistance. BTC is showing positive signs and might rally toward the $36,200 and $37,000 levels in the near term. New BTC price breakouts see Bitcoin traders confirm targets up to $48K. Bitcoin whale addresses emerge from six-year hibernation to move $230 million; typically when old coins move something is up.(4)
Crypto whales acquire 30,000 BTC In under a week as Bitcoin soars and Business intelligence firm MicroStrategy has notched a paper gain of $900 million on its stack of 158,400 Bitcoin, spurred by optimism over the potential approval of spot Bitcoin exchange-traded funds.(3) BitMEX co-founder Arthur Hayes says that Bitcoin (BTC) could benefit from a potential crisis in the US banking system.(2) Fidelity's Jurrien Timmer delves into Bitcoin's potential trajectory, positioning it as the "exponential gold" of the digital age.(4) 'Santa Rally' Could Propel Bitcoin to $56K by Year-End, Matrixport Says.
Bitcoin embraced as a payment method by the Bulgarian Football Team Botev Plovdiv. Tether issues $610M debt financing to Bitcoin miner Northern Data.(3) Bitcoin miner Marathon tests BTC mining with methane gas from waste landfill.(2)
ProShares announces launch of short Ether-linked ETF. Ethereum futures premium hits 1-year high — Will ETH price follow? Solana smashes above $40 in seemingly unstoppable stampede.(2)
PayPal (PYPL) received a subpoena from the U.S. Securities and Exchange Commission (SEC) requesting documentation about its USD stablecoin, the global payments giant said in a filing, without providing more details.(5) USDT market cap surges as fiat capital flows into crypto.
Kraken and Gate, leading crypto exchanges, experienced unexpected withdrawal downtimes on November 2, 2023, causing user inconvenience.
Lazarus used ‘Kandykorn’ malware in attempt to compromise exchange — Elastic.(3) The macOS malware “KandyKorn” is a stealthy backdoor capable of data retrieval, directory listing, file upload/download, secure deletion, process termination, and command execution, according to an analysis by Elastic Security Labs.
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