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While there has been murky guidance on the matter of Tether’s legal status in Europe, US crypto exchange Coinbase delisted USDT in mid-December, citing compliance with MiCA.
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Wood said that Federal Reserve Chair Jerome Powell previously described BTC as a digital version of gold, which aligns with the CEO’s positive outlook that the crypto market is still in the “early innings.”
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The ARK Investment CEO took to X on Dec. 5, congratulating the crypto industry in the United States after Trump nominated pro-crypto Paul Atkins to replace the Securities and Exchange Commission (SEC) Chair Gary Gensler.
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At a16z, Quintenz advocates for crypto regulations that balance scrutiny with flexibility, using his dual experience in traditional finance (TradFi) and crypto regulation to bridge the two playing fields.
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During his tenure at the CFTC, he supported the integration of digital asset derivatives and event contracts into the federal agency’s regular framework, focusing on improving innovation while maintaining market integrity.
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Quintenz previously served as a Republican-appointed commissioner at the CFTC, advocating for financial innovation within the digital asset industry, and he currently pushes for regulatory clarity as head of policy at a16z.
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“As the realized cap grew, the ceiling price increased from $129K to $146K in 30 days,” he noted.
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Ki uploaded a BTC price prediction model based on Bitcoin’s realized cap — the market cap based on the aggregate price at which the supply last moved.
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“Fresh capital is fueling Bitcoin,” Ki Young Ju, founder and CEO of onchain analytics platform CryptoQuant, said on X.
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The US spot Bitcoin exchange-traded funds (ETFs) saw another day of major net inflows, passing $500 million for a second consecutive day.
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“The hurdle was at 73.7K. It is broken with a long monthly candle in November,” he said.
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Monthly timeframes were no less impressive for fellow trader Aksel Kibar, who, despite dismissing the significance of the $100,000 mark, saw Bitcoin’s latest achievement as a drawn-out process.
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“Breakout confirmed,” trader and analyst Rekt Capital told X followers alongside a print of the one-day chart.
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Longtime market observers saw Bitcoin doubling down on its giant November monthly candle, itself a record-breaker in US dollar terms.
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Shorts felt the heat as a result, with short BTC liquidations totaling $134 million for the 24 hours to the time of writing, per data from monitoring resource CoinGlass.
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Combined with President-elect Donald Trump’s nomination of pro-crypto Paul Atkins for chair of the Securities and Exchange Commission (SEC), the bullish momentum began to create new BTC price records.
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The asset manager launched Valour DOGE ETP “[i]n light of the recent [United States] presidential election results and the subsequent surge in demand for Dogecoin […] bolstered by influential figures like Elon Musk,” Johanna Belitz, Valour’s head of Nordics, said in a statement.
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Dogecoin has also benefitted from other developments, including the debut of the first DOGE-based ETP announced by Valour, a subsidiary of DeFi Technologies, on Nov. 26.
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Since the new agency shares the same acronym with the DOGE memecoin ticker symbol, some retail investors took this as a sign of a forthcoming Dogecoin rally.
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Musk’s recent involvement in creating the nascent Department of Government Efficiency (DOGE), an agency aimed at cutting government spending and streamlining regulations, has further stoked interest.
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