JH Kim

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."

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.

Bitcoin (BTC) temporarily dropped below the $101,000 mark. Meanwhile, BTC is trading at $100,496.01, up 0.02% from the previous day, based on the Binance Tether (USDT) market as of 04:21 on the 13th.

According to Crypto Briefing, a cryptocurrency-focused media outlet, Matthew Sigel, the head of digital asset research at the U.S. asset management firm VanEck, stated on his X (formerly Twitter) that "Microsoft shareholders opposed the Bitcoin (BTC) investment proposal, but they may be open to evaluating other cryptocurrency investment opportunities." He further explained, "There is a possibility that they might consider investing in an Ethereum (ETH) exchange-traded fund (ETF) that supports staking." Previously, Microsoft shareholders had disclosed the preliminary voting results of the Bitcoin investment proposal, revealing that only 0.55% of shareholders were in favor of BTC investment. The Microsoft board explained, "We have already considered a variety of investment options, and therefore, BTC investment is deemed unnecessary. However, we will continue to monitor trends and growth in the cryptocurrency sector," emphasizing the need for stable and predictable investments for the company.

According to The Block, a cryptocurrency-focused media outlet, Electric Capital, a Web3-focused investment firm, reported that out of 39,148 new developers entering the cryptocurrency space this year, 7,625 have developed apps based on Solana (SOL). This represents an 83% increase in the number of network developers compared to the previous year, marking the first time since 2016 that the Solana network has shown a greater growth rate than Ethereum (ETH). However, in terms of developer market share across North America, South America, Asia, Europe, and Africa, Ethereum still holds the top position, with Solana in second place. The report explains that the increased interest from developers in Solana is due to factors such as the surge in meme coin issuance through Pump.fun, as well as expanded network and user activities.

Texas State Representative Giovanni Capriglione has introduced a bill focused on stockpiling Bitcoin (BTC) as a strategic asset. The bill outlines a plan for the state government to hold taxes, fees, and donations in the form of Bitcoin for at least five years as a strategic reserve. According to CNBC on the 12th (local time), the goal is to strengthen the state's fiscal soundness and position itself as a leader in Bitcoin innovation. He added, "The greatest enemy of investment is inflation," and stated, "Investing in Bitcoin through this bill will bring mutual benefits to the nation."

Bitcoin (BTC) temporarily recovered the $102,000 mark. Meanwhile, BTC is trading at $102,392.75, up 1.82% from the previous day, based on the Binance Tether (USDT) market as of 01:18 on the 13th.

Securitize, a platform for tokenizing real assets and security tokens, announced on the 12th (local time) via its official X (formerly Twitter) that Michael Sonnenshein, the former CEO of the virtual asset (cryptocurrency) asset management firm and Bitcoin (BTC) ETF issuer Grayscale, has joined Securitize as Chief Operating Officer (COO). Previously, Michael Sonnenshein resigned from his CEO position in May, after which Grayscale officially appointed Peter Mintzberg, formerly of Goldman Sachs, as CEO.

Eric Balchunas, Bloomberg's senior ETF analyst, stated on the 12th (local time) via X (formerly Twitter) that "the ETF market has grown by about $3.7 trillion this year," and "Bitcoin (BTC) spot ETFs accounted for about 2% of that growth." He continued, "It's surprising that a new category has been launched and accounted for 2% of the ETF market growth," adding, "However, the market share of Bitcoin ETFs is still quite small compared to the attention they have received." Furthermore, he added, "This is a good example of how large the asset class market is," and "the global ETF market has grown by 32% this year compared to the previous year, which is significantly above the average annual growth rate of the ETF market up to 2020."

Thomas Peterffy, the founder of the major US brokerage firm Interactive Brokers and a billionaire entrepreneur, stated in an interview with Bloomberg on the 11th (local time) that "anyone who doesn't have Bitcoin (BTC) should own it." He said, "Everyone should own a little bit of Bitcoin," adding, "There's no need to hold too much." Furthermore, he mentioned, "You should invest 2-3% of your net assets in Bitcoin," and warned, "Investing more than 10% of your assets in Bitcoin is too risky." Meanwhile, BTC is trading at $100,958.07, up 4.48% from the previous day, based on the Binance Tether (USDT) market as of 06:12 on the 12th.

Bitcoin (BTC) temporarily recovered the $101,000 mark. Meanwhile, BTC is trading at $101,054.98, up 5.32% from the previous day, as of 04:46 on the 12th, based on the Binance Tether (USDT) market.

On the 11th (local time), cryptocurrency specialist media CoinDesk, citing CCData, reported that "the market capitalization of stablecoins has surpassed $200 billion for the first time ever." Previously, the stablecoin market cap increased by $30 billion following the victory of U.S. President-elect Donald Trump last month, with notable growth in Tether (USDT) and USDC. According to the media, developing countries and tokenized products drove this upward trend. Furthermore, Bitwise projected that the stablecoin market cap will increase to $400 billion by next year.

Cosmo Jiang, a portfolio manager at the virtual asset (cryptocurrency) venture capital firm Pantera Capital, stated in an interview with CoinDesk on the 11th (local time) that "virtual asset investment will become more fundamentally oriented as the industry matures." He explained, "Although the market capitalization of virtual assets has increased to $3.4 trillion due to the recent rise in interest from individual investors, the only way for this asset class to continue growing is by attracting institutional investors." He added, "In the case of Solana (SOL) and Ethereum (ETH), there is much debate, but ETH is losing market share to SOL and other projects." Furthermore, he noted, "SOL has an advantage in terms of interface and shows strength in meme coins and decentralized exchanges (DEX), but even if SOL performs well, it cannot surpass the returns of Bitcoin (BTC)." Finally, he added, "If the Trump administration increases blockchain adoption as expected, altcoins will show much greater growth than BTC."

On the 11th (local time), the cryptocurrency specialist media Cointelegraph analyzed that "Bitcoin (BTC) has surpassed $100,000 again following the U.S. Consumer Price Index (CPI) and spot buying pressure." The media explained, "As the U.S. November CPI met expectations, the Coinbase premium (the price difference between Coinbase and Binance) returned to positive territory, and with the spot buying pressure remaining strong, signals have started to appear that BTC could break its all-time high again." It continued, "In the futures market, resistance has appeared at the $101,500 level in the short term," adding, "Some analysts see BTC rising to $110,000." Previously, the U.S. Department of Labor announced that the November CPI rose 2.7% year-on-year, meeting market expectations. Meanwhile, BTC is trading at $100,557.91, up 5.72% from the previous day, based on the Binance Tether (USDT) market as of 03:53 on the 12th.

According to CryptoSlate, a cryptocurrency-focused media outlet, the United States Securities and Exchange Commission (SEC) has charged three Nigerian nationals with orchestrating a $2.9 million Bitcoin (BTC) fraud by impersonating securities brokers. They allegedly lured at least 28 investors into a fraudulent platform, convincing them to purchase Bitcoin through legitimate brokers or exchanges, and then directed the investors to transfer the Bitcoin to their own blockchain addresses. The SEC explained, "The defendants impersonated numerous professionals associated with U.S. companies to build websites and used voice modulation software, online group chats, and social media to gain trust."

On the 11th (local time), according to the cryptocurrency-focused media outlet Cointelegraph, the New York Stock Exchange Arca (NYSE Arca) has submitted documents for the listing of Bitwise Bitcoin (BTC) and Ethereum (ETH) Exchange-Traded Funds (ETFs), and the Securities and Exchange Commission (SEC) has begun collecting related feedback. Previously, Bitwise and NYSE submitted applications for BTC and ETH ETF listings on November 26th (local time).

According to The Block, a cryptocurrency-focused media outlet, Citibank stated in a report on the 11th (local time) that "the adoption and growth of stablecoins could help strengthen the dominance of the US dollar." The report noted, "Cryptocurrencies like Bitcoin (BTC) were initially conceived as competitors to central bank-issued currencies," adding, "Some believe Bitcoin could end the US dollar's hegemony." It continued, "Stablecoins account for more than 4/5 of cryptocurrency trading volume, with the majority pegged to the US dollar," explaining, "They are also backed by dollar cash reserves and US Treasury bonds. If the US government further legitimizes stablecoins, the dominance of the USD could be enhanced." Furthermore, it added, "Regulatory clarity could potentially increase the appeal of stablecoins," suggesting that "rather than displacing the dollar, they could help make the dollar more accessible globally."

Ju Ki-young, CEO of CryptoQuant, stated on the 11th (local time) via X (formerly Twitter) that "the Bitcoin (BTC) correction in this bull cycle will be relatively small due to the consistent buying by ETFs and institutions." Meanwhile, BTC is trading at $104,419.10, up 6.08% from the previous day, based on the Binance Tether (USDT) market as of 01:47 on the 12th.

Bitcoin (BTC) briefly recovered the $101,000 level. Meanwhile, BTC is trading at $101,013.82, up 5.64% from the previous day, as of 01:29 on the 12th, based on the Binance Tether (USDT) market.

Crypto asset (cryptocurrency) analyst and trader Ali Martinez reported on the 11th (local time) via X (formerly Twitter) that "when the price of Bitcoin (BTC) recently dropped from $104,000 to the $90,000 level, 342 new wallets holding over 100 BTC were created," indicating that "whales were investing more funds despite the downtrend." Meanwhile, BTC is trading at $100,699.99, up 5.43% from the previous day, based on the Binance Tether (USDT) market as of 01:10 on the 12th.

According to Bitcoin Magazine, a cryptocurrency-focused media outlet, the major US insurer MassMutual's 5,000 Bitcoins (BTC) purchased in 2020 are now estimated to be worth approximately $500 million, marking a fivefold increase. Meanwhile, BTC is trading at $100,255.99, down 3.99% from the previous day, as of 00:42 on the 12th in the Binance Tether (USDT) market.