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@gillian63fi

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Institutional demand for Bitcoin remains robust, with spot exchange-traded funds (ETFs) attracting $4.5 billion in inflows during the first 12 days of December. Additionally, MicroStrategy acquired 21,550 BTC between Dec. 2 and Dec. 8 at an average price of $98,783 per Bitcoin. Similarly, Bitcoin miner MARA Holdings disclosed the purchase of 11,744 BTC on Dec. 10.
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As the expiry date approaches, both bulls and bears are incentivized to influence Bitcoin’s spot price. Yet, while bullish investors are targeting levels above $110,000, their optimism alone does not guarantee that BTC will breach this threshold.
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Currently, total open interest for call (buy) options stands at $12 billion, while put (sell) options trail at $7.8 billion. Deribit dominates the options market with a 72% share, followed by the Chicago Mercantile Exchange (CME) at 12% and Binance at 9%. However, Bitcoin’s 68% price surge over the past three months has rendered most put options ineffective.
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Sherrod Brown, who chairs the Senate Banking Committee overseeing Crenshaw’s nomination, had not suggested a timeline for introducing the vote at the time of publication. Following the departure of Gensler and Lizárraga in January, Republicans Hester Peirce and Mark Uyeda will be among the three remaining SEC commissioners.
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According to the SEC, “to ensure that the Commission remains non-partisan, no more than three Commissioners may belong to the same political party.” However, if this practice is not a regulation or law, Trump may not abide by the “tradition.”
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The 60 Minutes segment with journalist Margaret Brennan and Garlinghouse covered Ripple’s role in funding the Fairshare political action committee ahead of the US presidential election. The report included Garlinghouse’s commentary on the SEC lawsuit.
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Ripple Labs CEO Brad Garlinghouse has criticized a recent 60 Minutes segment for failing to include critical information about his company’s lawsuit with the US Securities and Exchange Commission (SEC).
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“In contrast, Google’s Willow chip, while a significant advancement, comprises 105 qubits,” he said.
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According to Rose, estimates for compromising Bitcoin’s encryption would require a quantum computer with approximately 13 million qubits to achieve decryption within 24 hours.
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Tech entrepreneur and former senior product manager for Google, Kevin Rose, said in a Dec. 9 statement to X that Willow was still far short of being a threat to crypto.
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Advances in quantum computing have long been feared as an inflection point for the crypto industry. Computers capable of breaking encryption could expose user funds to thieves in large volumes and at rapid rates.
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“This mind-boggling number exceeds known timescales in physics and vastly exceeds the age of the universe,” he said.
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The chip, known as Willow, can exponentially correct errors and process certain computations at a mind-boggling pace, Hartmut Neven, Google’s Quantum AI lead, said in a Dec. 9 blog.
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Google’s Quantum AI team has revealed its new quantum computing chip, capable of solving a computational problem in less than five minutes — the same problem that would take one of the best supercomputers around 10 septillion years to solve.
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“It’s a store of value. It’s a hedge against inflation. It’s a hedge against political turmoil, political instability, acts of God, hurricanes, fires, floods, tornadoes, guys. That’s what makes it so powerful,” he said.
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