29 Nov: Clear runway

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 –Margaret Mead

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Guess what day it is Folks? HUMPDAY! Bitcoin is trading up at $38,119.03. I don't think Bitcoin is interested in going sideways as it made a run for $39K yesterday and it's back above $38K today. Let's get on with the news...


BREAKING: FTX Receives Approval to Start Sale of $744 Million Grayscale Assets!(2)

Yesterday, Former Binance CEO CZ can’t leave US until court decides if he’s a flight risk(6) and Bitcoin remains on track for $100K by year-end 2024: Standard Chartered.(6) Today, ‘Clear runway’ opens for all Bitcoin ETF approvals in Jan.(2)

Crypto inflows reach 18-month high as Bitcoin products dominate. Bitcoin supply on exchanges hits lowest in 5 years. Bitcoin price spikes cause $29 million in short liquidations, but Bitcoin price fails $38.5K breakout as US GDP fuels Fed hard landing woes. BTC’s supply on crypto exchanges has plunged to a six-year low of 5.38%. Bitcoin buyer quietly accumulates $424M of BTC in 3 weeks.(2) CME Bitcoin futures show investors betting on $40K BTC price.

Bitcoin December rally in sight as BTC forms setup strikingly similar to three years ago says Crypto Trader Kevin Svenson.(3) Gigantic Bitcoin price rise expected by Capriole Investments founder Charles Edwards soon. With Bitcoin Above $38K, Yardeni Research President Ed Yardeni Foresees Continued Santa Claus Rally and Moderate Inflation in Market Outlook.

The SEC’s delays on two spot Bitcoin ETFs could mean it’s lining up to approve all pending applications in one swoop. Eric Balchunas, senior ETF analyst for Bloomberg, suggested in an X post on November 29 that Bloomberg is maintaining their stance on the 90% probability of approval by January 10, which has been their position for months, even before it gained popularity and became widely accepted; SEC met with Blackrock once again.(5) SEC Chair Gary Gensler stays mum on prospects for a spot bitcoin ETF, says he won't 'pre-judge' matter. Pando Asset is the latest fund group looking to launch a spot bitcoin ETF in the US.(2) 

Twitter and Block founder Jack Dorsey dives into decentralized Bitcoin mining industry, steering multimillion dollar investment into OCEAN.(3) Santander selects Crypto custody firm Taurus for safeguarding. Santander Private Bank last week said it was offering bitcoin and ether trading for clients with accounts in Switzerland.(2)

The BNB price increase culminated with a high of nearly $275 last week, but the price failed to sustain its upward movement and fell sharply as a result. BNB Chain’s OpBNB developers look to more than double speed in new roadmap. Millions of $XRP sent to top Korean exchange Bithumb at loss. Cardano price closes six bullish weeks – can it go for seven? Cryptocurrency analyst and trader known on X social media platform as Ali (@ali_charts) has shared a Dogecoin chart and his professional opinion as to what the original meme cryptocurrency needs in order to reach a new major high at $0.14 per coin.(2) Dogecoin would trade at .6933 if DOGE hits its all-time high market cap.

Tether Whales accumulate $1.67 Billion in USDT, hinting at potential Crypto buying spree. Binance will cease support for its BUSD stablecoin on Dec. 15. BIS advises central banks to plan in advance for CBDC security. 

Binance's new CEO faces first critical regulatory stress test.(2) OKX, a leading cryptocurrency exchange, announced the platform's thirteenth asset reserve certificate, which provides information on user assets. Poloniex prepares to resume withdrawals after $100M hack. Paxos expands to Abu Dhabi with two new in-principle approvals. Crypto Custody Firm Copper to Start Digital Securities Brokerage in Abu Dhabi.(2) 

Philippines security regulator warns Binance is operating without a license.(2) UK to hit Crypto users with penalties for unpaid taxes.(3) The Treasury Department sent recommendations to lawmakers, including one that calls for new sanctions tools to fight bad actors in crypto, according to prepared remarks from Deputy Treasury Secretary Wally Adeyemo ahead of the Blockchain Association’s Policy Summit; sanctioned Sinbad.(3)

Genesis strikes repayment deal with parent firm DCG to end $620M lawsuit.(2) Soccer star Cristiano Ronaldo sued for allegedly promoting unregistered securities on Binance. Celsius starts to open crypto withdrawals for holders of some claims.(2)

Charlie Shrem went from running a small online business to becoming a Bitcoin millionaire and making the cover of Forbes magazine. And then he went to prison.



Podcast of the Day: BTC158: Systemic Bond Issues & Bitcoin's Impact w/ James Lavish | Bitcoin Fundamentals


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The Crypto Curator
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