JH Kim

According to Crypto Briefing on the 20th (local time), the cross-chain bridge Stargate, based on LayerZero (ZRO), halted operations for over 6 hours due to a Decentralized Verifier Networks (DVN) executor error, causing transaction delays across multiple blockchains. According to LayerZero Scan, approximately 29,700 transactions are currently halted within the system. The LayerZero technical team stated that they are "working to resolve the issue."

Paolo Ardoino, the CEO of Tether (USDT), announced on the 20th (local time) via X (formerly Twitter) that "the Tether AI platform website is expected to launch by the end of the first quarter next year," adding that "I just received the draft of the site."

According to Lookonchain on the 20th (local time), four new wallets withdrew a total of 8,440 Ethereum (ETH) from Binance in the past 30 minutes. This amounts to a total of $28.43 million. These new wallets are believed to belong to a single whale address. Meanwhile, ETH is trading at $3,421.29 on Binance's Tether (USDT) market as of 01:41 on the 21st, down 5.64% from the previous day.

Bitcoin (BTC) temporarily recovered to the $97,000 level. Meanwhile, BTC is trading at $97,021.31, down 2.89% from the previous day, as of 00:26 on the 21st in the Binance Tether (USDT) market.

James Van Straten, an analyst at CryptoSlate, stated in a CoinDesk article on the 20th (local time) that "while there are many voices expecting a Santa rally, the rate of increase in Bitcoin (BTC) prices is gradually declining." He continued, "BTC has been recorded to rise by about 2.8% in the 51st week each year, but this week it is expected to close down by about 11%." He further analyzed, "While there was a tendency to rise by about 3% in the 52nd week, in five of the last six years, it has declined, so there is not much hope this time either." Furthermore, he explained, "The recent situation reminds me of the end of 2020 when the decline at the beginning of the year was significant in 2021." Meanwhile, BTC is trading at $96,587.40, down 3.67% from the previous day as of 00:21 on the 21st, based on the Binance Tether (USDT) market.

Bitcoin (BTC) temporarily dropped below the $97,000 mark. Meanwhile, BTC is trading at $96,668.94, down 7.31% from the previous day, as of 04:46 on the 20th, based on the Binance Tether (USDT) market.

On the 19th (local time), the cryptocurrency-focused media Cointelegraph reported, citing Glassnode data, that as of that day, the supply of Bitcoin (BTC) held by long-term holders (LTH) was $13.31 billion, a decrease compared to two months ago ($14.23 billion). The media stated, "During the same period, the BTC price rose from $58,000 to over $100,000, indicating that BTC long-term holders (LTH) are selling to realize profits." It continued, "Recently, while the supply of long-term holders has decreased, the supply of BTC by short-term holders is increasing," explaining that "this suggests that short-term holders are playing a crucial role in maintaining the Bitcoin price above $100,000 by absorbing the selling pressure from long-term holders." Meanwhile, BTC is trading at $98,982.48, down 4.46% from the previous day, based on the Binance Tether (USDT) market as of 04:09 on the 20th.

Cynthia Lummis, a United States Senator, stated in an interview with Yahoo Finance on the 19th (local time) that "the United States Congress is discussing a bill that would allow the Federal Reserve Board to hold Bitcoin (BTC)."

Bitcoin (BTC) temporarily recovered to the $98,000 level. Meanwhile, BTC is trading at $98,198.02, down 6.20% from the previous day, as of 03:29 on the 20th, based on the Binance Tether (USDT) market.

Bitcoin (BTC) temporarily dropped below the $98,000 mark. Meanwhile, BTC is trading at $97,975.71, down 6.37% from the previous day, as of 02:56 on the 20th, based on the Binance Tether (USDT) market.

Bitcoin (BTC) temporarily dropped below the $99,000 mark. Meanwhile, BTC is trading at $98,264.14, down 2.53% from the previous day, based on the Binance Tether (USDT) market as of 02:53 on the 20th.

Cryptocurrency exchange Coinbase announced on the 19th (local time) via its official X (formerly Twitter) that it has disabled the trading feature for Wrapped Bitcoin (WBTC), stating that withdrawals will continue to be supported. Previously, Coinbase had warned of the delisting of WBTC, stating that it regularly monitors assets to ensure they meet listing standards. In response, Hong Kong-based cryptocurrency exchange BiT Global, which is presumed to be influenced by Justin Sun, founder of Tron, filed a lawsuit against Coinbase, citing the unjust delisting of WBTC.

The virtual asset (cryptocurrency) asset management company Grayscale announced on the 19th (local time) via its official X (formerly Twitter) that it has launched an investment trust providing exposure to Sui (SUI). This product is offered only to eligible accredited investors (institutions).

According to cryptocurrency media Watcher Guru on the 19th (local time), El Salvador President Nayib Bukele stated that he will "continue to stockpile Bitcoin (BTC) as a strategic reserve asset" and plans to "purchase BTC at a faster pace than before." Previously, El Salvador announced that it would ease Bitcoin-related policies and reduce Bitcoin-related activities in the public sector during the process of negotiating a $1.4 billion loan agreement with the International Monetary Fund (IMF). Meanwhile, BTC is trading at $10,456.02, down 3.82% from the previous day, based on the Binance Tether (USDT) market as of 00:56 on the 20th.

Bitcoin (BTC) has temporarily dropped below the $100,000 mark. Meanwhile, BTC is trading at $99,856.83, down 4.41% from the previous day, as of 00:39 on the 20th, based on the Binance Tether (USDT) market.

Jerome Powell, the Chairman of the Federal Reserve, stated at a press conference following the FOMC on the 18th (local time) in response to a question about the introduction of a Bitcoin (BTC) strategic reserve, "We cannot hold Bitcoin, and we do not expect related policies to change," adding, "That is the purview of Congress." Meanwhile, BTC is trading at $101,420.22, down 4.56% from the previous day, as of 05:18 on the 19th in the Binance Tether (USDT) market.

Bitcoin (BTC) has temporarily dropped below the $101,000 mark. Meanwhile, BTC is trading at $100,904.04, down 3.39% from the previous day, as of 05:09 on the 19th, according to Binance Tether (USDT) market.

Bitcoin (BTC) temporarily dropped below the $103,000 mark. Meanwhile, BTC is trading at $102,926.48, down 3.39% from the previous day, as of 05:01 on the 19th, based on the Binance Tether (USDT) market.