gillian63fi

@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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gillian63fi pfp

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.

0 reply

1 recast

2 reactions

gillian63fi pfp

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.

0 reply

1 recast

2 reactions

gillian63fi pfp

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.

0 reply

1 recast

2 reactions

gillian63fi pfp

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.

0 reply

1 recast

2 reactions

gillian63fi pfp

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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In his speech, Trump emphasized that Bitcoin is “not just another asset” and “not just an investment,” describing it instead as a “global asset.”

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The businessman also predicted that more governments will embrace Bitcoin in the coming years, stressing that early adopters will be among those who win.

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He expressed confidence that Bitcoin will hit $1 million per coin one day, highlighting the cryptocurrency’s potential to “transform the global economy in beautiful ways.” .

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Trump, an American businessman, executive vice president of the Trump Organization and son of United States President-elect Donald Trump, predicted that Bitcoin will someday hit $1 million

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Today in crypto, Eric Trump predicted governments and institutions will adopt Bitcoin, and BTC will hit $1 million, Google hit a new advancement with its quantum computing chip, and Ripple CEO Brad Garlinghouse criticized 60 Minutes for omitting crucial information about his company’s lawsuit with the United States Securities and Exchange Commission.

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The minting event launched USDT’s market cap to around $124 billion in early November, soaring to $132 billion by Nov. 26 before finally landing around $138 billion on Dec. 10 after the ADGM approval.

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In November, Tether went on a minting spree, injecting over $5 billion into the market within 72 hours, spurring discussions about its influence on the crypto market.

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The FSOC has called for stronger risk management standards to address vulnerabilities, including exposure to bank runs and systemic risks.

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In line with the council’s perspective on stablecoins over the years, the FSOC pointed out that the market is “heavily concentrated,” with a single firm (Tether) holding roughly 70% of the sector’s “total market value.”

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According to the United States Financial Services Oversight Council (FSOC), stablecoins present risks to financial stability due to their lack of solid risk management standards.

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