Event Calendar
Odaily Planet Daily News: According to Bitcoin Magazine, Max Keiser, Senior Bitcoin Advisor to the Salvadoran President, revealed that "President Bukele has increased his daily Bitcoin purchases, with a mid-term goal of adding 20000 Bitcoin holdings
BlockBeats News: On December 21st, FOX reporter Eleanor Terrett posted on social media that Brian Brooks, former acting director of the Office of the Superintendent of the Currency (OCC), has joined MicroStrategy's board of directors. Brian Brooks also served as the CEO of Binance US.
Kaiko, a provider of encrypted market data, disclosed that after experiencing a bumpy launch on a centralized exchange earlier this week, the market depth of Pudgy Penguins' PENGU token has stabilized at around $2 million, up from about $1 million at the time of launch. However, the hourly trading volume of PENGU token plummeted from $260 million at the time of launch to only about $10 million.
According to data shared by Bitcoin Magazine on X platform, despite the decline in Bitcoin prices this week, the US spot Bitcoin ETF still purchased 4349.7 BTC, worth approximately $423.6 million, while mining output during the same period was 2250 BTC.
BTC has fallen, with a trading volume of 72.4 billion US dollars in the past 24 hours and a circulating market value of 1.92 trillion US dollars, a decrease of 0.05% in market value proportion. Data for reference only
On December 21st, Ethereum founder Vitalik Buterin posted on social media, stating, "My definition of AGI (General Artificial Intelligence) is: AGI is a powerful artificial intelligence, and if one day all humans suddenly disappear and the AI is uploaded into a robot's body, it will be able to independently continue civilization. Obviously, this is a very difficult definition to measure, but I think it is the core of the intuitive difference between 'AI we are used to' and 'AGI' that many people have in their minds. It marks a transition from a tool that constantly relies on human input to a self-sufficient form of life. ASI (Super Artificial Intelligence) is a completely different matter - my definition is when humans no longer add value to productivity in the loop (just like in board games, we actually only reached this point in the past decade) Yes, ASI scares me - even my definition of AGI scares me because it brings obvious risks of losing control. I support focusing our work on building intelligent enhancement tools for humans, rather than building super intelligent life forms
BlockBeats News: On December 21st, according to Farside Investors data, the cumulative net inflow of US Ethereum spot ETFs this week was $62.7 million.
CryptoQuant founder and CEO Ki Young Ju stated in an article on X platform that different forms of currency require different gateways, and Bitcoin users should recognize that MicroStrategy is the gateway connecting Nasdaq 100 currency and Bitcoin. They do not understand why some Bitcoin users do not like MicroStrategy and may have concerns about self custody, but in reality, few people will implement self custody - just like only a few people are concerned about privacy breaches. The Bitcoin banking model of MicroStrategy is very consistent with the current adoption level. If the active fund management of the gateway can obtain a large amount of Bitcoin with relatively less funds, it marks the success of Bitcoin banking. Of course, there is always a risk of failure, so people should see it as entrusting funds to banks with the aim of obtaining more Bitcoin, using Bitcoin itself as a form of currency.
OKX-SUI price fluctuation, current price $4.57, 24-hour price increase of 16.37%. The transaction volume in the past 24 hours was 5.869 billion US dollars, a decrease of 5.92%. The data is for reference only
The main large order can be combined with the position difference indicator to judge the main force to open and close the position. Open PRO members can follow the main trading operations in time
CryptoQuant founder and CEO Ki Young Ju posted on the X platform that MicroStrategy has become another "dollar bitcoin gateway", but the design is innovative enough to frustrate those who find it difficult to master. This high-performance gateway has now successfully processed $27 billion into 439000 BTC.
OKX-ETH/USDT is currently trading at $3403.61, with a 24-hour increase of 5.04%. Please be aware of market fluctuations.
Odaily Planet Daily News: According to the 2024 on chain user report released by blockchain growth platform Flipside, ·The monthly new users of Base have surged 56 times this year. In October 2024, the number of new users in the encryption field surged to a record high of 19.4 million, with Base contributing 13.7 million, almost eight times that of the second ranked Polygon; Base has also attracted 15.1 million super users and executed over 100 decentralized finance (DeFi) transactions. This increase is 38.4% higher than the second ranked Ethereum, which has 10.7 million super users. ·Ethereum adds an average of 1.56 million new users per month, surpassing its L2 networks Arbitrarum and Optimism. The number of DeFi related super users on the Ethereum chain has reached 10.9 million, far exceeding the 6.2 million and 1.8 million users of Arbitrarum and Optimism. ·Meanwhile, the number of new users of Bitcoin has only increased by 935900 per month. During the significant rise of Bitcoin in March, the monthly number of new users on the Bitcoin network increased by 19.2%. But during the post election rally in November, the number of new Bitcoin users decreased by 28.5%.
According to the official account of Shenzhen Politics and Law, an employee in Shenzhen was laid off after the probation period, and the company paid 20000 yuan of salary and 10000 yuan of compensation, but the employee said that 25000 yuan of virtual currency salary had not been paid, so he appealed to the court. The court deemed the evidence insufficient and that Tether is not a legal tender. It ordered the company to pay a compensation difference of 10000 yuan and rejected the virtual currency wage claim. The appeal was rejected in the second instance and the original judgment was upheld.
Odaily Planet Daily News: Bitcoin has experienced a major correction, falling 15% from its historical high of $108300. This price drop marks a sharp shift in market sentiment, which has rapidly shifted from extreme bullish to uncertain and cautious. As altcoins suffer heavy losses, the pullback of Bitcoin has raised concerns about the sustainability of its recent gains. Top analyst Maartunn recently emphasized that this adjustment coincides with Coinbase's most severe selling activity since October 26th (when BTC was trading at $66000). The increase in selling pressure clearly indicates that the market has shifted from a bullish market to a market full of fear and hesitation. The combination of reduced purchasing activity and increased selling pressure indicates that the market is striving to maintain its upward momentum. In addition, Bitcoin is currently testing the $92000 mark to seek support. (Bitcoinist)
CryptoQuant, an on chain data analysis provider, analyzed the leverage risk of CEX in a bull market. Despite a significant increase in open contracts this year, Binance still maintains strong reserves on major exchanges, with its Bitcoin, Ethereum, and USDT reserves far exceeding its open contracts. Binance also reported the lowest and most stable leverage ratio among major exchanges, with a leverage ratio of 12.8 in December 2023 and a slight increase to 13.5 in December 2024. In addition, OKX also maintained a low leverage ratio. In contrast, exchanges such as Bybit and Deribit have the highest leverage ratios, at 86 and 32 respectively, indicating that their open Bitcoin contracts exceed or approach reserves, and the situation is similar for Ethereum.
Click to enter the live broadcast room: https://meeting.tencent.com/p/5551765098 Yesterday's market was really a double kill for long and short positions. Actually, according to normal logic, 94800 is the dividing line, but the market is just trying to build a bottom for you. This wave should have a lot of chasing short positions. The big pie weekly line is inserted and then quickly drawn back. In this case, if the weekly line is confiscated, it is important to keep a low profile, because the first weekly line can only be inserted and cannot fall below it the first time. The disgusting point of Gouzhuang is that it sets you at a low level. A skewed moving average is a pattern of an upward trend at 45 ℃, which generally indicates that the trend has not gone bad, and at least two more weeks are needed to determine. Ethereum is currently in a weak bull market, but the possibility of a rebound cannot be ruled out. Yesterday, it quickly returned to the current position of 3550 after inserting 3100. Sometimes the more severe the rebound, the stronger the subsequent rebound Bitcoin operation suggestions: 100800- to 500 empty Defense 11500. Target 96500 Tencent Live Meeting Number: 5551765098 QQ fan group: 982163532 Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent AICoin's position or viewpoint and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AICoin, and the consequences shall be borne by oneself.
BlockBeats News, on December 21st, Glassnode posted that "as the cryptocurrency market grows, the retracement of Bitcoin in the bull market uptrend gradually decreases. The deepest retracement in this cycle is -32% (August 5, 2024), while most retracements are only about 25% lower than the previous high, reflecting increased demand for spot ETFs and rising institutional interest
According to on chain analyst Yu Jin's monitoring, Arthur Hayes marked the address to release 9.018 million ENAs, and then recharged 7 million ENAs to Binance, worth $8.47 million
Solana-based bonk (BONK) led growth among dog-themed memes Saturday as bitcoin staged a recovery rally to above $98,000, a day after Friday’s bloodbath that pushed it near $93,000.BONK surged 30%, CoinGecko data shows, with dogecoin (DOGE), shiba inu (SHIB), dogwifhat (WIF) and floki (FLOKI) surging as much as 20%. The dog-themed token category gained 8% on average in the past 24 hours, beating a market-wide jump of 4.5% as tracked by the broad-based CoinDesk 20 (CD20) index.Memecoins are known for their high volatility and tend to outperform major tokens during price rallies, serving as a leveraged bet on the overall crypto market sentiment.However, in this case, fundamentals are helping back gains and sentiment among some memecoins. FLOKI was named alongside ether (ETH) and Avalanche’s AVAX as a utility token in a Commodity Futures Trading Commission (CFTC) meeting last month.The derivatives regulator proposed in a Global Markets Advisory Committee (GMAC) a new class of assets termed utility tokens, which fulfill six criteria that include providing their holder “immediately available, non-incidental consumptive use” in a crypto platform without including “governance and voting abilities.”"FLOKI was recently highlighted by the CFTC's Global Markets Advisory Committee as a case study of a utility token, which is a big deal and validates Floki's utility-first approach,” Floki lead developer B told CoinDesk in a Telegram message. “Floki's Valhalla metaverse game will go live in early Q1 2024, and the recently released Floki Trading Bot has generated over a million dollars in fees.“This puts Floki on an entirely different level from other memecoins, especially when the market turns and people start to pay attention to fundamentals again,” B added.Elsewhere, interest in BONK comes as a host of activities intend to deflate token supply gain traction among users — a move that has historically contributed to higher prices.BonkDAO, a decentralized group of bonk believers that maintain the token, burned 100 billion tokens from the circulating supply in November and targeted a trillion token burn in December. This could increase the token's value due to scarcity.🔥 In just the last 30 days, over 30 BILLION $BONK have been burned across 3,856 wallets, averaging a scorching 1 BILLION daily! Leading the charge are @bonkbot_io and @BonkEarn, setting the standard for burns. And guess what? 1 TRILLION $BONK is about to go up in smoke by… pic.twitter.com/bWkkPd5ISZDecember 20, 2024The feat could meet its target in the weeks ahead, observers say.