Matthew Krater, the analyst and researcher at Bitcoin, says that the fundamental characteristics of Bitcoin make it a better long-term bet than gold.
Krater said that gold cannot be sent online, and that tokenized gold products and physical gold held by a financial custodian represented on the blockchain pose counterparty risks.
The cryptocurrency market saw movements approaching 100 billion dollars up and down within a single hour, and the volatility reached its highest levels.
The Bank of Japan 🇯🇵 does not usually set a fixed official time for its announcement in its official statement, but announces it at the end of the morning session in Japan
🗓 Expected announcement time 2:45am-4:30am UTC/GMT
📌 The most critical time will be between 4am-8am UTC/GMT on the 19th (overlap of risk/liquidity during market transition hours between the Asia session and the opening of London)
🚨 After 8am to 2pm, the market begins to understand the shock is not like 2024
📎On December 16: ◾️The exchange-traded funds (ETFs) for SOL and XRP witnessed positive net inflows: • SOL: +3.64 million dollars • XRP: +8.54 million dollars ◾️Meanwhile, the exchange-traded funds for BTC and ETH experienced negative net inflows: • BTC: -277.09 million dollars • ETH: -224.26 million dollars
The betting contracts on Bitcoin and Ethereum worth a total of 26.77 billion dollars will expire on December 26, which likely increases market volatility.
🟠 Bitcoin (BTC) • Contract Value: 23.09 billion dollars • Max Pain Level: around 98,000$
🔵 Ethereum (ETH) • Contract Value: 3.68 billion dollars • Max Pain Level: around 3,200$
📌 Summary: The approaching expiration of such large contracts means strong potential fluctuations in the upcoming period, especially before the end of the year.
Dismissed The Securities and Exchange Commission rejected or halted most cryptocurrency enforcement actions under Trump
Since President Donald Trump took office in January, the Securities and Exchange Commission has halted or dismissed investigations related to or rejected about 60% of cases involving companies and projects in the cryptocurrency industry.
signed Bhutan signed a memorandum of understanding with Cumberland Drew to support the management of Bitcoin reserves and explore stablecoins, mining, and artificial intelligence computation in the city of Jilefu.