US CFTC: announces testing of Bitcoin as collateral for derivatives

MicroStrategy CEO Phong Le stated that the company will hold Bitcoin until at least 2065 to maintain a long-term accumulation strategy; Despite the rise of spot ETFs, MSTR stocks remain a key proxy for Bitcoin. （Cointelegraph）

[Michael Saylor Suggests Governments Use Bitcoin Reserves to Develop Digital Banking Systems] MicroStrategy founder Michael Saylor proposed at the Bitcoin MENA event in Abu Dhabi that countries utilize over-collateralized Bitcoin reserves and tokenized credit instruments to create regulated digital bank accounts. He pointed out that the current low returns on major market deposits are driving investors toward corporate bonds. His envisioned structure includes 80% digital credit instruments and 20% fiat currency, with a 10% reserve buffer. Saylor stated that the accounts would be backed by 5:1 over-collateralized digital credit, and countries offering such products could attract $20 trillion to $50 trillion in capital inflows.

[Coinbase to Launch Plume and Jupiter Spot Trading] Coinbase will launch Plume (PLUME) and Jupiter (JUPITER) spot trading. If liquidity conditions are met and trading is supported in the required regions, the PLUME-USD and JUPITER-USD trading pairs will be open for trading on or after December 10 at 01:00 (UTC+8).

[Trump: 5% Tariff on Mexico if Water Resources Are Not Released] U.S. President Trump stated that the United States needs Mexico to release 200,000 acre-feet of water by December 31, with the remaining portion to be released as soon as possible. If Mexico does not release the water resources, a 5% tariff will be imposed on Mexico.

The 4-hour cycle K-line shows that the current price is around 3144 USDT, approaching the strong support range of 3030-3041 (maximum trading volume peak) in the chip distribution. The proportion of buying orders in this region reached 1.007, indicating a strong willingness of bulls to undertake. Combined with membership indicators, the KDJ death cross suggests short-term pullback risks, but RSI breaks through the upward trend line to verify effective support, and downward momentum may be limited. At present, trading volume has shrunk to the last 25%, but the 10 day moving average has risen by 44.44%, indicating a rebound in short-term activity. If the price stabilizes in the support zone, it may quickly rebound to the EMA52 moving average (3170 USDT). Open membership, accurately track key trends, and capture opportunities for breakthroughs in low volume areas! The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 4-hour] K-line, for reference only, and does not constitute any investment advice.