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Bitcoin Breaks $42,000
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📉 Bitcoin Rebounds: Market Analysis
Market Recovery: Bitcoin briefly pumps to $42,000, echoing pre-Terra crash levels. Market sees a 12% rebound with potential for sustained growth.
Expert Insights: Analysts predict a bullish trend, citing increased institutional interest and positive sentiment. Short-term volatility remains, with support around $45,000.
Investor Advice: Stay informed and consider a diversified portfolio. Market conditions may change rapidly. Read More.
El Salvador, now in profit: El Salvador's Bitcoin portfolio, initially struggling, now reports a profit of around $3.6 million, as stated by the President. Bukele affirms no sale plans for their Bitcoin, underscoring a long-term strategy despite price fluctuations. Read More.
️ On today's Top Picks:
- 💰 Qatar Sovereign Wealth Fund rumored to buy $500B Bitcoin.
- ⛏️ Riot Bitcoin mining firm purchases Bitcoin miners for $290.5M.
- 🪂 Binance teases potential airdrop.
- ⛔ Nvidia warned by US Commerce Secretary.
Read time: ⏰ 7 minutes
Crypto News
• ⭐️ Qatar Sovereign Wealth Fund rumored to buy $500B Bitcoin.
• Sam Bankman-Fried will not pursue any post-trial motions, but reserved their rights to pursue claims on appeal.
• Spanish police arrest Alejandro Cao de Benos who allegedly conspired with Virgil Griffith to help North Korea evade US sanctions.
• Ukraine seizes $1.5M worth of crypto from former chief of Ukraine’s Special Communications Service, Yury Shchigol; for allegedly misappropriating government funds.
• Platypus Finance hackers cleared of criminal charges by a French court.
• SEC lawyers face sanctions in case regarding crypto firm DEBT Box as judge orders agency to explain false/misleading statements.
• Kyber plans to offer grants from its treasury to victims of recent exploit.
• Crypto .com secures UK Electronic Money Institution license.
• ⭐️ Riot Bitcoin mining firm purchases 18 EH/s of Bitcoin miners for $290.5M.
• Arbitrum DAO approves $23.54M backfund for projects that missed initial round of grant funding.
Alpha
• Linea DeFi Voyage Wave 5 is live on Intract.
• Bebop announces JAM, Just-in-time Aggregation. Users can sign-up for the waitlist to get access to the beta.
• Zerion releases The World of Endless Possibilities NFT on Zora.
• Mint .fun wraps up !fundrop with !fundrop finale ID NFT mint.
Airdrops
• ⭐️ Binance teases potential airdrop tweeting, "📱🔁 🪂... soon," on X.
• Beoble airdrop thread by Alpha Insiders.
• Wormhole airdrop strategy by Chase.
• ICYMI: Starknet airdrop discussion by Olimpio.
• ICYMI: Jupiter airdrop checker is live by Earndrop.
Finance News
• Vietnam to investigate its central bank, State Bank of Vietnam; for its handling of slow credit growth.
• ⭐️ Nvidia $NVDA warned by US Commerce Secretary as it plans to redesign its chips in order to circumvent Chinese restrictions.
• Intel $INTC wins appeal that overturns $2.18B patent-infringement award won by VLSI Technology.
• Spotify $SPOT cutting 1500 employees in an effort to bring down costs.
• Meta $META sued for $598M by 83 Spanish media outlets citing unfair competition in the advertising market.
• Hawaiian Holdings $HA stock surges ~200% following $1.9B buyout deal with Alaska Air Group $ALK.
Security and Exploits
• SlowMist weekly security report highlights ~$225,826 of estimated losses last week.
• ⭐️ Velodrome & Aerodrome websites compromised for a second time after its provider was exploited, again.
• Scammer posts Stargate proposal with a malicious link on Snapshot, stealing ~$60K+ from victims.
Token Unlocks
• Liquity / 657.35L $LQTY / ~$1M / 04 DEC
• Galxe / 2.03M $GAL / ~$3.02M / 04 DEC
• Hashflow / 13.62M $HFT / ~$4.32M / 06 DEC
• Euler / 129.47K $EUL / ~$445K / 06 DEC
• Moonbeam / 12.72M $GLMR / ~$3.49M / 10 DEC
Funding
• Wu Blockchain VC Nov Report highlights $1.2B in total financing, 179% increase compared to Oct, and 90% increase compared to Nov 2022.
• Grove, a decentralized physical infrastructure (DePIN) provider; raises $7.9M in funding.
• Bioniq, a Bitcoin Ordinals marketplace; raises an undisclosed amount in funding led by Polychain Capital.
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PROTOCOL | ASSETS | APY |
---|---|---|
![]() | STEURUSDC | 28.58% |
![]() | USDVUSDC | 27.09% |
![]() | USDC | 25.29% |
![]() | TUSDUSDT | 24.99% |
![]() | GDAI | 20.38% |
![]() | IDAIIUSDCIUSDT | 18.99% |
![]() | DOLAUSDC | 18.76% |
![]() | AGEURUSDCLP | 17.91% |
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That’s it for today’s edition! See you soon.
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