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The three major indices of the United States stock market closed mixed. The Nasdaq Composite Index rose by 1.24% compared to the previous session on the 17th, recording 20,173.74 points. The Dow Jones Index fell by 0.22% to 40,729.53 points, while the S&P500 Index ended trading up 0.37% at 6,073.60 points.
Bitcoin (BTC) has temporarily returned to the $106,000 level. Meanwhile, BTC is trading at $105,995.09, up 2.73% from the previous day, as of 05:48 on the 17th in the Binance Tether (USDT) market.
According to Glassnode data on the 16th (local time), the performance of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) over the past 30 days was +17.49%, +26.96%, and +1.61% respectively. Regarding this, Glassnode stated, "For most of the fourth quarter this year, Solana showed an upward trend surpassing Bitcoin and Ethereum," adding, "However, since early December, Ethereum has taken the lead, surpassing Bitcoin and Solana."
According to Bitcoin Magazine X (formerly Twitter) on the 16th (local time), Matthew Sigel, head of digital asset research at the American asset management company VanEck, stated in an interview that he predicts Bitcoin (BTC) will surpass $180,000 in 2025. Meanwhile, BTC is trading at $106,424.08, up 2.93% from the previous day, based on the Binance Tether (USDT) market as of 05:22 on the 17th.
The EVM-compatible blockchain project Monad announced on the 16th (local time) via X (formerly Twitter) that it has established the "Monad Foundation." It further explained that "the foundation was established to support the growth of the Monad protocol."
According to Unfolded X (formerly Twitter) on the 16th (local time), FTX announced that the effective date of its Chapter 11 bankruptcy protection (corporate rehabilitation) reorganization plan will be January 3, 2025 (local time). The initial distribution is expected to occur within 60 days from this date.
According to CoinDesk, a cryptocurrency-focused media outlet, Avalanche (AVAX) has completed its largest mainnet upgrade, Avalanche 9000, on the 16th (local time). Avalanche 9000 is the largest network upgrade since the mainnet launch in September 2020, aiming to improve scalability and cost efficiency. Meanwhile, AVAX is trading at $49.97, down 0.40% from the previous day, based on the Binance Tether (USDT) market at 02:43 on the 17th.
Justin Sun, the founder of TRON (TRX), announced on the 16th (local time) via X (formerly Twitter) that "something big is going to happen to TRX." No further details were mentioned.
Bitcoin (BTC) has surpassed the $107,000 mark, setting a new record high. Meanwhile, BTC is trading at $107,028.62 on the Binance Tether (USDT) market as of 02:34 on the 17th, up 3.86% from the previous day.
A Ripple (XRP) representative stated in an interview with Cointelegraph on the 16th (local time) that "Ripple's new stablecoin RLUSD will start trading on December 17th (local time) on exchanges such as Uphold, MoonPay, Archax, and CoinMENA." Additionally, it was added that "it will be listed on exchanges like Bitstamp, Bitso, and Bullish within a few weeks." Meanwhile, XRP is trading at $2.4715, up 2.53% from the previous day, in the Binance Tether (USDT) market as of 05:46 on the 17th.
Bitcoin (BTC) temporarily recovered the $106,000 mark. Meanwhile, BTC is trading at $106,128, up 3.10% from the previous day, as of 00:38 on the 17th, based on the Binance Tether (USDT) market.
The three major indices of the United States stock market are showing an upward trend. The Nasdaq Composite Index is trading at 20,027.72 points, up 0.51% from the previous session as of 00:18 on the 17th. The Dow Jones Index is up 0.14% at 43,888.52 points, and the S&P 500 Index is recording a 0.26% increase at 6,066.60 points.
The three major indices of the United States stock market closed mixed. The Nasdaq Composite index rose by 0.11% from the previous day to 19,924.53 points on the 14th. The Dow Jones index fell by 0.20% to 43,828.06 points, and the S&P 500 index closed at 6,050.10 points, down 0.02%.
According to the Unfolded X (formerly Twitter) account on the 13th (local time), the Hong Kong-based virtual asset (cryptocurrency) exchange BiT Global, which is presumed to be influenced by Justin Sun, the founder of TRON (TRX), has filed a lawsuit against Coinbase for the unfair delisting of Wrapped Bitcoin (WBTC). BiT Global claimed, "Coinbase delisted WBTC and launched a competing product," stating that "this is an anti-competitive decision that violates numerous state and federal laws." They also criticized, "We believe this decision sets a terrible precedent in the virtual asset sector," adding, "If an exchange the size of Coinbase delists a competing product to launch its own, who can be safe?"
According to Watcher Guru on the 13th (local time), pro-crypto U.S. Senator from Wyoming, Cynthia Lummis, met with Scott Besant, the nominee for the next administration's Treasury Secretary, to discuss the potential strategic reserve of Bitcoin (BTC) in the United States. Cynthia Lummis introduced Scott Besant as a supporter of crypto assets, stating, "He will be a key ally in passing the Bitcoin strategic reserve bill." Meanwhile, BTC is trading at $101,284, up 1.61% from the previous day, based on the Binance Tether (USDT) market as of 05:06 on the 14th.
On the 13th (local time), according to the cryptocurrency specialized media CoinDesk, Galaxy Digital (GLXY) has hired Anthony Paquette, the former Chief Financial Officer (CFO) of the renowned U.S. asset management firm Point72, founded by hedge fund industry giant Steven Cohen, as its CFO. Anthony Paquette led the company's global finance, financial, and broker relations as the CFO of Point72 for four years. Consequently, the current CFO, Alex Ioffe, will take on the role of senior advisor.
According to CryptoSlate, a cryptocurrency-focused media outlet, the next US House Financial Services Chair, French Hill, stated that establishing a regulatory framework for cryptocurrencies will be our top priority within the next 100 days. In an interview with CNBC, he emphasized the need to end regulatory confusion that hinders the growth of cryptocurrencies, stating, "The priority is to bridge the gaps in the US financial regulatory framework while shifting towards promoting innovation." Furthermore, he added, "We need a market structure for cryptocurrencies," highlighting that this is our foremost task. His agenda includes simplifying market oversight, easing banking restrictions, and providing incentives for companies to pursue IPOs.
According to the crypto-specialized media WuBlockchain on the 13th (local time), the crypto platform Bitcoin Suisse has projected in a report that Bitcoin (BTC) will surpass $180,000 to $200,000 by 2025. The report further stated, "Ethereum (ETH) staking ETFs have the potential to surpass Bitcoin spot ETFs," and "the total market value of altcoins is expected to increase fivefold in the first half of 2025." Meanwhile, BTC is trading at $101,281.63, up 1.89% from the previous day, as of 04:45 on the 14th in the Binance Tether (USDT) market.
According to Cointelegraph, on the 13th (local time), French bank Societe Generale has introduced blockchain technology to the Eurosystem central bank and completed the first repo (repurchase agreement) transaction. The transaction was conducted through Societe Generale's digital asset subsidiary, Forge, in collaboration with the Banque de France. This transaction included tokenized bonds issued on the Ethereum blockchain in 2020 as collateral, and the CBDC issued by the Banque de France was used like cash. Societe Generale stated, "The potential of CBDC to improve the liquidity of digital financial securities has been proven."
Bitcoin (BTC) temporarily recovered the $101,000 level. Meanwhile, BTC is trading at $101,480.40, up 0.12% from the previous day, as of 02:51 on the 14th in the Binance Tether (USDT) market.
According to U.Today, a cryptocurrency-focused media outlet, Mike McGlone, a senior macro strategist at Bloomberg Intelligence, stated in an interview on the 13th (local time) that Bitcoin (BTC) is expected to outperform most other cryptocurrencies. He added, "The important point is that Bitcoin will consistently outperform most cryptocurrencies, especially the Bloomberg Galaxy Crypto Index." The Bloomberg Galaxy Crypto Index has risen 91.67% since the beginning of the year, recently reaching an all-time high of 3771.37. Meanwhile, BTC is trading at $101,480.40, up 0.12% from the previous day, as of 2:51 AM on the 14th in the Binance Tether (USDT) market.
On the 13th (local time), according to the crypto-specialized media CryptoBasic, a U.S. court sentenced Frank Richard Ahlgren III, a Bitcoin (BTC) investor from Texas, to two years in prison for charges of crypto tax fraud. This ruling is considered the first U.S. tax evasion case focused on cryptocurrencies, setting a precedent as the IRS and the Department of Justice strengthen their surveillance systems on cryptocurrencies. Previously, Frank Richard Ahlgren was found to have underreported or failed to report approximately $3.7 million in profits from Bitcoin investments from 2017 to 2019. He reportedly evaded taxes by reporting the purchase price of his Bitcoin holdings higher than it actually was and hiding transaction details using wallets.
Bitcoin (BTC) temporarily dropped below the $100,000 mark. Meanwhile, BTC is trading at $99,970.23, down 1.53% from the previous day, as of 00:53 on the 14th, based on the Binance Tether (USDT) market.
Dan Morehead, co-founder and CEO of Pantera Capital, stated in an interview with CNBC on the 13th (local time) that "Bitcoin (BTC) is far superior to gold." He further emphasized, "The United States Government should not sell its Bitcoin holdings but continue to increase them."
The three major indices of the United States stock market are showing a downward trend. The Nasdaq Composite is trading at 19,900.44 points, down 0.01% from the previous day as of 00:43 on the 13th. The Dow Jones index is down 0.14% at 44,854.59 points, and the S&P 500 index is recording a 0.10% decline at 6,044.90 points.
The three major indices of the United States stock market closed lower. The Nasdaq Composite Index recorded a 0.65% decline from the previous day, closing at 19,905.19 points on the 13th. The Dow Jones Index fell by 0.50%, closing at 43,927.50 points, and the S&P 500 Index also ended with a 0.50% decline, finishing at 6,053.70 points.
Eleanor Terrett, a Fox Business reporter, reported on the 12th (local time) via X (formerly Twitter) that "Pro-Crypto U.S. Congressman French Hill is set to succeed Republican House Financial Services Committee Chair Patrick McHenry, who is scheduled to retire in January." She added, "French Hill is a very crypto-friendly figure and will review and investigate issues raised by the crypto industry in the next Congress."
Jacob King, an analyst from the cryptocurrency newsletter WhaleWire, reported on the 12th (local time) via X (formerly Twitter) that "Microsoft (MS) Chief Financial Officer (CFO) Amy Hood stated, 'The board has already evaluated the reserves of cryptocurrencies. We will continue to conduct related evaluations in the future.'" He added, "This statement can be interpreted as indicating a potential interest in other cryptocurrencies despite MS shareholders opposing Bitcoin (BTC) investments." Previously, the MS board had stated, "We have already considered various investment options, so we deemed BTC investments unnecessary," and added, "However, we will continue to monitor trends and growth related to cryptocurrencies."
Eleanor Terrett, a Fox Business reporter, reported on the 12th (local time) via X (formerly Twitter) that "a U.S. court has ordered the Federal Deposit Insurance Corporation (FDIC) to completely revise the document restricting banks' activities related to virtual assets (cryptocurrencies)." Accordingly, the FDIC must submit the revised document reflecting the changes by January 3rd next year. Paul Grewal, Chief Legal Officer (CLO) of Coinbase, stated, "We respect the court's decision. I don't know what the FDIC is trying so hard to hide." Meanwhile, Coinbase had previously obtained and disclosed a document sent by the FDIC during the de-banking incident in 2022, requesting banks to "temporarily suspend all activities related to virtual assets."
Bitcoin (BTC) has temporarily dropped below the $100,000 mark. Meanwhile, BTC is trading at $99,999.99, down 0.74% from the previous day, based on the Binance Tether (USDT) market as of 04:30 on the 13th.