A trader's Pippin position has changed from a floating loss of $1 million to a floating profit of $2.5 million

Former Chairman of the U.S. Securities and Exchange Commission, Gary Gensler, stated in an interview with Bloomberg that cryptocurrencies are highly speculative and volatile assets, but Bitcoin is an exception. （Cointelegraph）

[South Korea Plans to Restrict Stablecoin Issuers to Consortia with 51% Bank Ownership] During the second phase of legislative efforts for the 'Basic Act on Digital Assets,' the South Korean government and National Assembly plan to restrict stablecoin issuers to consortia with 51% bank ownership. The current proposal grants stablecoin issuance rights to consortia with 51% bank ownership, and the Digital Assets Special Task Force of the Democratic Party of Korea has essentially decided to adopt this plan. Previously, the Bank of Korea advocated for a bank-led and bank-system-exclusive approach, while some lawmakers suggested opening issuance rights to fintech and blockchain companies. The government’s version of the bill must be submitted by December 10 at the latest, with the goal of initiating discussions within the year and completing legislation by January next year.

[Suspected Bitmine purchased 18,345 ETH 4 hours ago] According to Lookonchain monitoring, on December 3, suspected Bitmine purchased 18,345 ETH 4 hours ago, valued at $54.94 million.

[Analyst Says Bitcoin's Key Resistance Levels Are $99,000 and $122,000] On December 3, analyst @ali_charts cited Glassnode data, stating that based on the Bitcoin Market Value to Realized Value (MVRV) derived price range, Bitcoin's two key resistance levels are $99,070 and $122,060.

Monitoring shows that Tether has minted $1 billion in USDT on the TRON network in the past 10 hours, while Circle has minted $500 million in USDC on the Solana network. Since the market crash on October 11th, the two have cumulatively minted $20.5 billion in USDT and USDC. （Onchain Lens）