Your Daily Crypto - 7th Dec


Today’s Top Caps

BTC $91K (+1.5%)

ETH $3126 (+2.3%)

USDT $1

XRP $2.08 (+2.6%)

BNB $902 (+1%)

Source: Coinmarketcap

 

Today's Top Gainers

SPX, MNT, PENGU, NEXO, SUI

Source: Coinmarketcap 24HR Top100

 

Top ETF Tracker

BTC +/-0, ETH +/-0,

SOL +/-0, XRP +/-0.

Source: Coinmarketcap / Coinglass

 

Today's Top Headlines

The Crypto Markets dipped today with $160M worth of longs liquidated.

“the crypto market saw a sharp plunge, with BTC breaking below $88,000, triggering $160M in long liquidations across the market.

Analysis: After the deep dip, BTC quickly rebounded and surged higher, resembling a long squeeze designed to flush out leveraged positions before resuming upward momentum. This pattern often signals market makers clearing liquidity ahead of the next move.”

Source: Hiddenfundsdata X

Michael Saylor, Chairman of Strategy, posts a picture of the ‘Strategy Purchase Tracker’

This time he had the message “Back to Orange Dots?” In a day or two we should get details of Strategy buying more Bitcoin, if history repeats.

Source: Saylor X

France’s $1.5T Bank opens Crypto to 35M users

The $1.52T financial powerhouse will launch in-app trading for $BTC, $ETH, $SOL, and $USDC from December 8.

Source: Coinbureau X

Binance founder Changpeng Zhao (CZ) stated that the requirement for hardware wallets is that the private key must never leave the device under any circumstances.

Earlier, YZi Labs (formerly Binance Labs) announced its investment in OneKey, an open-source hardware wallet.

Source: cz_binance X

Matt Huang, founder of Paradigm, has said Crypto is “I dunno who needs to hear this but this current moment is the “Netscape” or “iPhone” moment for crypto.

It’s working bigger than ever before, far beyond our wildest dreams. Both the institutional parts and the cypherpunk parts.”

Source: MattHuang X

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According to CryptoKoryo BCH is the best performing layer 1 this year, and it's probably because it has no company dumping it and a possible ETF is in the works.

He says “$bch is the best performing l1 coin of the year. They don’t even have an official twitter account. Here might be few reasons why:

supply side:

1/ entire supply is circulating. no unlocks

2/ no foundation, vcs dumping

demand side:

1/ potential etf

2/ one the most liquid assets. low volatility. good candidate for liquid funds for exposure/beta.

Source: CryptoKoryo X

US SEC chair Paul Atkins said he expects the entire US financial market to migrate to blockchain infrastructure within the next two years.

The next step is coming with digital assets, digitalization and tokenization of the market, bringing “significant benefits” in transparency and risk management.

Source: WuBlockchain X

Until Next Time, Stay Frosty!

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