$ETH ETH, ADA, SOL Steady as Time Zone Data Shows Europe Drove Deepest Bitcoin Sell-Off Since 2018
What to know:
Bitcoin steadied near $90,400 after a turbulent November, with Europe leading the sell-off.
Strategy acquired 10,624 BTC, increasing its holdings to 660,600 BTC, amid concerns of potential index removal.
The broader market held its recent rebound, though liquidity remained thin ahead of Wednesday’s Federal Reserve decision.
BTC rose 1% over the past 24 hours while ether added 0.2%, according to CoinGecko. Major altcoins were mixed; BNB gained nearly 1%, SOL slipped 0.6% and XRP edged lower. The broader market held its recent rebound, though liquidity remained thin ahead of Wednesday’s Federal Reserve decision.
What's Your New Path $BTC Bitcoin, $ETH Ethelium Or ?
Divided Fed ponders US interest-rate cut at end of tumultuous year
After the six-week government shutdown briefly shuttered the Bureau of Labor Statistics, the federal agency that collects economic data on prices and employment, Fed officials have less data to make their decision.
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$BTC Binance Wins Full ADGM Approval for Exchange, Clearing, and Brokerage Operations
What to know:
$BTC Binance has received authorization from Abu Dhabi Global Markets (ADMG) to operate under a comprehensive exchange, clearing, and brokerage framework.
The approval allows Binance to structure its operations into three regulated entities under the Nest brand, covering exchange, clearing, and trading functions.
Binance's presence in Abu Dhabi aligns with regulatory standards and underscores the region's role as a hub for financial innovation.
Binance has secured authorization from Abu Dhabi Global Markets (ADGM), Abu Dhabi's special economic zone for finance, to operate under a comprehensive exchange, clearing, and brokerage framework according to a press release from Binance.
Two Casascius Coins Holding 2K BTC Moved After 13 Years of Inactivity
What to know:
Two long-dormant bitcoin wallets tied to physical Casascius coins moved 2,000$BTC BTC ($180M) after over a decade of inactivity.
The Casascius coins were designed as offline cold storage, containing embedded private keys, but the project was shut down in 2013 due to regulatory pressure from FinCEN.
The recent transfers' purpose is unclear, but could be linked to degrading physical components or precautionary moves to preserve access.
The coins had been untouched since 2011 and 2012, when bitcoin was trading for less than $15 versus today's price just shy of $90,000. The movement was confirmed by a blockchain explorer tracking the addresses.