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Happy Monday Folks! Bitcoin is trading down at $36,827.92. Over the weekend Bitcoin experienced quite a pull back but we are seeing a wild V-shape recovery this morning. Let's get to today's news...
SUMMARY
Crypto eyeing ‘historic move’ as ‘tons of new liquidity’ return to market; $365 billion inflows crypto market cap in a month,(2) but what’s next? Over 81,000 wallet addresses now hold $1 million or more worth of Bitcoin.(2) CBOE is launching margined bitcoin and ether futures in January.(2)
Bitcoin miner Marathon Digital has continued its international expansion by launching a 27-megawatt Bitcoin mining project powered by renewable hydro energy near Paraguay’s Itaipu Dam. Bitcoin ATMs are taking over malls and gas stations across the U.S.
Pre-ETF BTC price 'crash' or $150K in 2025? Bitcoin forecasts diverge. Peter Schiff polls his followers on the potential of a Bitcoin crash, focusing on pre or post launch of a Bitcoin ETF and despite his followers leaning towards a post-ETF launch crash, Schiff disagrees and predicts a crash before the ETF launch. Grayscale’s GBTC discount narrows to 10%.
Macro guru Raoul Pal says that the top smart contract platform Ethereum (ETH) is set to outperform Bitcoin (BTC) as the crypto markets enter into a new “spring” phase. Crypto strategist Ali Martinez warns that Bitcoin’s Tom Demark (TD) Sequential indicator is pointing to a possible corrective move.
The BNB token price broke out from a long-term descending resistance trend line but failed to move above the $260 resistance area. Solana futures get listed on Coinbase.(2) Number of Dogecoin millionaires plunges by 40% in a year.
Binance remains king of crypto exchanges, though “second-tier” competitors are starting to gain market share. IRS 'raided' by Crypto investors as industry puts up fight against U.S. tax proposal.
CZ, the CEO of Binance the world’s largest crypto exchange, says that executives from one of its clients recently fell victim to a multi-million-dollar heist. An address with links to Binance has lost $27 million in an apparent hack, according to on-chain sleuth ZachXBT.(3) Blockchain security firm SlowMist revealed a phishing attack using a fake Skype app to steal crypto funds; the same malicious actors linked to the scam were responsible for a previous fake Binance app, according to SlowMist.(2) New Jersey’s U.S. Attorney’s Office has filed a civil forfeiture action against Christopher Castelluzzo and two other members of an unnamed drug trafficking group based in New Jersey. An unidentified hacking group claims to have stolen selfies and sensitive personal data from customers of Coin Cloud, a Bitcoin ATM operator that filed for bankruptcy this year, according to a post on X from cybersecurity expert vx-underground. Caution: XRP scam ad uses deepfake of Ripple CEO.(3)
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Podcast of the Day: Solana strategy exec claims work done during the bear market is paying off | The Scoop
