JH Kim

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.

Bitcoin (BTC) temporarily recovered the $100,000 mark. Meanwhile, BTC is trading at $100,255.99, up 3.99% from the previous day, as of 00:42 on the 12th, based on the Binance Tether (USDT) market.

Brad Garlinghouse, CEO of Ripple (XRP), announced on the 10th (local time) via X (formerly Twitter) that the New York Department of Financial Services (NYDFS) has approved Ripple's new stablecoin RLUSD. He added, "With the NYDFS approval, RLUSD will be listed on exchanges soon."

According to the cryptocurrency-focused media Watcher Guru on the 10th (local time), Jeremy Siegel, chief economist at WisdomTree, stated that "many countries will replace their US dollar reserves with Bitcoin (BTC) in the future." He emphasized that "the biggest threat to the US dollar is not the BRICS, an alliance of five emerging economies including Brazil, Russia, India, China, and South Africa, but Bitcoin."

Bitcoin (BTC) temporarily recovered to the $96,000 level. Meanwhile, BTC is trading at $96,165.92, down 0.98% from the previous day, as of 04:43 on the 11th, based on the Binance Tether (USDT) market.

According to the cryptocurrency-focused media Daily Hodl on the 10th (local time), Bitwise has reported that "Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) are expected to continue their upward trend next year." The report stated, "This year, Bitcoin, Ethereum, and Solana have risen by 141.72%, 75.77%, and 127.71% respectively," and analyzed that "in contrast, the S&P 500's return was 28.07%, gold 27.65%, and bonds 3.40%." It further explained, "This trend is expected to continue next year," and "as a result, these coins are likely to reach all-time highs." Additionally, it added, "Next year, Bitcoin is expected to surpass $200,000, Ethereum $7,000, and Solana $750."

On the 10th (local time), the cryptocurrency-focused media outlet Cointelegraph reported, citing a Messari report, that "Raydium (RAY) has once again surpassed Uniswap (UNI) in the November decentralized exchange (DEX) monthly trading volume rankings." Raydium's November trading volume was approximately $30 billion (about 30%) more than Uniswap, which is an increase of about 10% compared to the previous month. Messari explained, "Meme coin trading has played a substantial role as the driving force behind Raydium's trading volume," adding, "In November, meme coins accounted for 65% of Raydium's monthly trading volume, marking a record high."

According to Cointelegraph, a cryptocurrency-focused media outlet, Roni Cohen-Pavon, the former Chief Revenue Officer (CRO) of Celsius (CEL), has reached an agreement with U.S. prosecutors, leading the court to announce a delay in his sentencing. Previously, he had pleaded guilty to four charges, including manipulating the CEL price, and agreed to cooperate with the prosecution's investigation. In this regard, the court explained that it approved the prosecution's request to delay Roni Cohen-Pavon's sentencing until after the sentencing of former Celsius CEO Alex Mashinsky in April. Meanwhile, Roni Cohen-Pavon's sentencing was initially scheduled for December 11.

Bitcoin (BTC) temporarily dropped below the $95,000 mark. Meanwhile, BTC is trading at $94,807.97, down 3.17% from the previous day, as of 02:18 on the 11th, according to the Binance Tether (USDT) market.

On the 10th (local time), cryptocurrency specialist media WatcherGuru, citing American internet media Axios, reported that "Donald Trump, the U.S. President-elect, will focus on the price of Bitcoin (BTC) after his inauguration." Meanwhile, BTC is trading at $95,375.99, down 2.81% from the previous day, based on the Binance Tether (USDT) market as of 01:14 on the 11th.

According to the virtual asset (cryptocurrency) news account 'db' on X (formerly Twitter), Microsoft shareholders have voted against the Bitcoin (BTC) investment evaluation proposal in a preliminary vote on the 10th (local time). Meanwhile, BTC is trading at $95,288.02, down 2.33% from the previous day, based on the Binance Tether (USDT) market as of 02:48 on the 11th.

On the 10th (local time), the cryptocurrency-focused media Cointelegraph, citing data from MarketPro and TradingView, analyzed that "Bitcoin (BTC) has the potential for further decline around $97,604." An anonymous cryptocurrency analyst, Skew, explained, "If the price fails to hold within the $97,700~$98,000 range, market participants may find it difficult to have confidence in future price increases." Furthermore, cryptocurrency analyst More Crypto Online predicted, "Bitcoin recently fell to $94,000," and "there is a possibility of another low occurring in the future. If this low is surpassed, Bitcoin may retest $100,000 and potentially break through it."

According to the X (formerly Twitter) account of Trinews on the 10th (local time), David Solomon, CEO of Goldman Sachs, stated that "if regulators approve, we will evaluate whether to participate in the Bitcoin (BTC) or Ethereum (ETH) market."

Peter Schiff, CEO of Euro Pacific Capital, known as a Bitcoin (BTC) skeptic and a prominent gold bull, stated on the 10th (local time) via X (formerly Twitter) that "Bitcoin is artificially supported by leveraged purchases from MicroStrategy (NASDAQ: MSTR) and U.S. virtual asset mining company Mara Holdings in the absence of real demand," and warned that "this could lead to disaster." Meanwhile, BTC is trading at $95,947.22, down 2.05% from the previous day, on the Binance Tether (USDT) market as of 01:12 on the 11th.

Bitcoin (BTC) temporarily dropped below the $96,000 mark. Meanwhile, BTC is trading at $95,958.06, down 1.64% from the previous day, as of 00:53 on the 11th, based on the Binance Tether (USDT) market.

According to CryptoSlate, a cryptocurrency-focused media outlet, on the 10th (local time), Anthony Scaramucci, founder of the American hedge fund SkyBridge Capital, stated at the Bitcoin (BTC) MENA 2024 conference held in Abu Dhabi that "China might resume Bitcoin mining and stockpile Bitcoin as a reserve asset for the country." He further predicted, "As the United States has expressed a progressive stance on Bitcoin, it will become difficult for other countries to ignore this." Previously, Changpeng Zhao, former CEO of Binance, also attended the MENA conference and stated that "China will be one of the countries to adopt Bitcoin as a strategic reserve asset."

Bitcoin (BTC) temporarily dropped below the $97,000 mark. Meanwhile, BTC is trading at $96,410.88, down 1.66% from the previous day, as of 00:46 on the 11th, based on the Binance Tether (USDT) market.