Crypto News: $100k BTC, Altcoin Season, Microsoft Vote, SEC Changes & More!
Published: 2024-12-09
Status:
Available
|
Analyzed
Published: 2024-12-09
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Bitcoin has passed the $100K milestone, and the discussion will focus on how this was achieved and future expectations.
"we're celebrating Bitcoin 100K that huge milestone past um and we're going to look at we're going to look at how it was reached and what might come next"
Pending
Bitcoin broke through a significant sell wall and reached an all-time high of $103,000 on the same day.
"we broke through that cwall like butter and we reached on the same day an all-time high of 103,000"
Pending
Spot Bitcoin ETFs now collectively hold more Bitcoin than the known Satoshi Nakamoto wallet.
"the ETFs now hold more Bitcoin than Satoshi's wallet"
Pending
The combined holdings of spot Bitcoin ETFs have surpassed one million BTC.
"combined the spot Bitcoin ETFs hold over a million BTC"
Pending
Bitcoin has surpassed its all-time high in terms of gold value for the first time since 2021, indicating outperformance over gold in the last 3-4 years.
"this is the first time Bitcoin has broken through the all-time high in Gold terms in uh since 2021 so in other words over the past 3 four years Bitcoin has outperformed gold"
Pending
Despite a 10% drop in percentage terms, the market cap saw a $200 billion decrease in 180 seconds.
"we had like a 10% drop which to be honest in percentage terms isn't massive right but it was uh so but it was massive because of the size of the market cap so it equal about a $200 billion drop in 180 seconds"
Pending
If Bitcoin ends the day above $100K, it could continue its upward trend past this level.
"we could potentially continue continue with this continuation up past 100K"
Pending
A potential drop to a 35 RSI could lead to Bitcoin reaching approximately $94,000.
"we could go to a 35 RSI which would imply about a 94k in Bitcoin"
Pending
The RSR token experienced a 166% increase in value on a single day.
"it gained 166% on the day"
Pending
David Sacks is reported to be a significant holder of Solana.
"he's also a big holder of Soul apparently"
Pending
MicroStrategy has been actively accumulating Bitcoin, significantly more than other public companies holding Bitcoin on their balance sheets.
"MicroStrategy has just been accumulated and also look at look at MicroStrategy compared to the other public companies that be that have got Bitcoin in their balance sheet it's just you know literally"
Pending
Marathon Digital, the second-largest accumulating company, is issuing zero-interest convertible debt to acquire more Bitcoin.
"Marathon Digital they also I think they're the second biggest accumulating company right now and they following a similar Playbook they're issuing zero interest convertible debt"
Pending
Marathon Digital has $850 million in zero-interest convertible debt due in 2026, which can be converted into equity and was used to purchase Bitcoin.
"850 million convertible debt is due 2026 convertible obviously that they can be converted into equity and zero interest so you know there's no no interest on these bonds um that they used to buy Bitcoin with"
Pending
A shareholder proposal has been submitted to Amazon by the National Center of Public Research, requesting consideration for adding Bitcoin to their balance sheet.
"another proposal that came just yesterday from the national Center of public research has submitted a shareholder proposal to Amazon for the consideration of adding Bitcoin to their balance sheet as well"
Pending
Allocating just 5% of cash and T-bills to Bitcoin could result in a 3-4% uplift in returns for companies like Microsoft over three years.
"if a company like Microsoft right instead of just having everything in cash and t- bills if they allocate just 5% to bitcoin right over three years they would have about a 3 to 4% uplift in the returns they got on their t- bills"
Pending
Over a 10-year period, a small allocation to Bitcoin could yield 8-10% returns, compared to an average of 2% from T-bills.
"over 10 years that's a 8 to 10% versus the average of 2% over their T bills"
Pending
There is a possibility that MicroStrategy could be included in the NASDAQ 100 index.
"MicroStrategy could be included into the NASDAQ 100"
Pending
MicroStrategy could potentially become larger than the ETFs, especially if credit investors and hedge funds find value in its zero-interest bonds.
"micro strategy could become bigger than the ETFs if the equity in if investors like particular like um especially the credit investors right the credit hedge funds and all that it's like there's a Nuance here and they and the bonds of micro strategy the zero interest coupons like zero bonds are doing extremely well"
Pending
Bitcoin's market dominance is showing a noticeable decline.
"Bitcoin dominance this is starting to fall and fall noticeably"
Pending
Ethereum (ETH) has performed exceptionally well, breaking above the $4,000 mark.
"eth has been flying last week you know congrats to the eth holders the longsuffering eth holders your broke above 4K for the first of all"
Pending
Ethereum ETFs experienced higher inflows ($1 billion) last week compared to Bitcoin ETFs.
"there was actually more ETF flows into into ethereum ETFs last last week than there were Bitcoin 1 billion"
Pending
There is a notable increase in interest and traffic for Cardano.
"we all starting to see a recovery in searge Trend traffic specifically for the likes of cardano"
Pending
XRP experienced a significant price surge last week.
"xrp is actually shot up shot up because of last week's xrp rally"
Pending
Ripple is developing EVM compatibility for the XRP Ledger to facilitate broader ecosystem development.
"the evm compatibility the that they're going to build for ripple to develop other things within the ecosystem"
Pending
Four XRP ecosystem projects (Sologenic, Corium, Elian, and Equilibrium Games) are up for a vote among Coin Bureau Club members.
"we've got four um xrp ecosystem projects up for up for uh the vote that's interesting so they get to choose between and and like uh anyone watching um I'm I'd be interested to hear whether familiar with any of these projects so the options are sologenic corium Elian and equilibrium games"
Pending
The EVM-compatible sidechain on the XRP Ledger is expected to attract more developers due to its ease of use.
"especially if it's built on this evm compatible side chain basically where you know it be it's easy for people to develop because they know you know it's evm compatible right so they'll bring more people to want to come develop on on xrp"
Pending
Cronos Chain is set to introduce the 'Palen' upgrade, which will enable parallel transaction processing and boost network capacity to up to 60,000 transactions per second.
"this is the proprietary chain of crypto.com well not proprietary like the exchange chain but they basically Crow right so they've got this um uh this coming upcoming the palen upgrade so it's going to basically introduce parallel transaction processing boosting nwor capacity to up to 60,000 transactions per second"
Pending
The upcoming Etna upgrade on Avalanche on December 16th will fundamentally change the concept of subnets.
"the Etna upgrade is incoming on the 16th of December and we'll talk us through this Nick because this is this is Reinventing the concept of subnets"
Pending
The Etna upgrade will replace Avalanche subnets with independent Layer 1 blockchains.
"basically replaces subnets with independent layer one blockchains"
Pending
These new independent Layer 1 blockchains on Avalanche will offer distinct validator sets, customizable staking and gas tokens, and governance, allowing for more tailored use cases.
"you can offer a distinct validator sets and customizable Stak in gas tokens and governance so basically um you know they not the inv validators no longer need to stake through the primary Network right so um basically it's kind of like you can create way more customized layer one blockchains for your own you know use cases"
Pending
The previous requirement of 2,000 AVAX to run a subnet is being replaced.
"they're replacing the 2000 you know previously the 2,000 ABX requirement"
Pending
Mog Coin's recent success is attributed to its listing on Coinbase.
"MOG has done well this week is because it listed on coinbase"
Pending
Curve introduced sccv USD, a yield-bearing version of its native stablecoin.
"sccv USD was a yield buring version of Curves native stable coin"
Pending
The amount of CRV staked has doubled since the introduction of sccv USD.
"the amount of CRV Spen staked has doubled since then"
Pending
Bitget has seen significant volume and has recently introduced numerous new features.
"Bitget has been doing a lot of volume recently they've introduced a lot of features recently"
Pending
The partnership between JasmyCoin and IoTeX is reportedly bringing 'deep' technology into Japan.
"apparently bringing deep into Japan apparently with this partnership"
Pending
dydx is benefiting from the general DeFi uptrend, experiencing increased trading volumes.
"dydx has obviously seen again you know kind of benefiting from the uplift to defi in general and has seen a lot of increased trading volumes"
Pending
David Sacks, a co-founder of Craft Ventures, which is a major investor in dydx, is noted in connection with the platform's performance.
"David Sachs as Nick I think mentioned is a co-founder and partner of craft Ventures that's his craft profile up on the screen there which just so happens to be a major investor in dydx"
Pending
Jerome Powell's comment about Bitcoin being 'digital gold' is interpreted as a bullish signal to buy Bitcoin.
"when he says it could be like a digital gold it's basically translation from fed it means lfg buy Bitcoin"
Pending
Paul Atkins is perceived within the crypto space as being more in favor of deregulation.
"he's generally viewed across these crypto space at least that he's more obviously deregulations kind of guy"
Pending
Many industry professionals in the crypto space believe Paul Atkins' appointment will be a positive selection.
"in terms of the crypto space there's a lot of um uh you know uh industry professionals who think that it'll be a good pick"
Pending
The US Securities and Exchange Commission (SEC) filed 104 lawsuits against industry firms from 2021 to 2023.
"the SEC initiated 104 lawsuits against industry firms between 2021 and 2023"
Pending
Paul Atkins previously served as an advisor to a cryptocurrency project.
"he also funnily enough was uh an advisor to a cryptocurrency project"
Pending
Gary Gensler's tenure at the SEC is questioned in terms of success, with significant financial and reputational damage to the agency cited.
"Gary Gensler's time at the SEC has been a success"
Pending
There is criticism that the SEC is using 'regulation by enforcement', leading to uncertainty about desired actions within the industry.
"regulation by enforcement we don't know what you want us to do"
Pending
Donald Trump has established a new role focused on AI and cryptocurrency policy within the White House.
"the White House AI in crypto are a new role that Donald Trump has created"
Pending
David Sacks has been appointed to the new White House role concerning AI and cryptocurrency.
"the role has gone to David saaks"
Pending
Michael Saylor purchased additional Bitcoin recently.
"Michael Sacks bought some more Bitcoin"
Pending
Microsoft is scheduled to hold a vote on whether to consider allocating Bitcoin to its balance sheet.
"tomorrow we'll get onto this in a bit and another the story but we've got the Microsoft vote coming so the Microsoft vote whether they would get allocate consider allocating Bitcoin to the balance sheet"
Pending
The Altcoin Season Index indicates that we are currently in an altcoin season.
"the altcoin season index it's a well-known indicator we're in altcoin season"
Pending
Despite Ripple's RL USD not yet launching, there is anticipation surrounding it and potential ETFs.
"Ripple RL USD still hasn't launched yet but there's excitement around that ETFs"
Pending
US CPI (Consumer Price Index) numbers are forecasted at 2.7%, compared to the previous 2.6%, for Wednesday the 11th.
"Wednesday the 11th we've got CPI numbers 2.7 forecasted versus 2.6 this is obviously us CPI"
Pending
Core CPI is expected to remain unchanged at 3.3% compared to the previous figure.
"the core CPI as well is coming out 3.3 versus 3.3 previous so that's not going much there"
Pending
Markets are pricing in an 85% chance of a 25 basis point interest rate cut by the Federal Reserve in December, which could be bullish for risk assets.
"markets are pretty much pricing in the certaint 85% chance for Fed another 25 basis points cut in December which could be bullish for risk assets"
Pending
Another FOMC (Federal Open Market Committee) meeting is scheduled for the 18th.
"another fomc meeting that's on the 18th"
Pending
A member of the Taliban was observed trading meme coins, including Shiba Inu.
"this guy there part of the taly ban and he trades Pepe no not Pepe he trades um shib and a few other mem coins"
Pending
A US Congressman was observed tweeting a 'Fed Pepe' meme.
"congressman a congressman tweeting a Fed Pepe"
Pending
The launch of Haleyy Welsh's meme coin faced issues, with 96% of the token supply reportedly being 'sniped' and sold off, highlighting its speculative nature and the need for due diligence.
"the launch of her terrible me yeah exactly basically like the obviously Community posted strongly 96% of token Supply has been sniped and is slowly been sold on the community buying this is highly speculative coin might result in loss and high due diligence is recommended"
Pending
Coin Bureau is expanding its channels, having launched Coin Bureau Trading, Coin Bureau South Asia (in Hindi and Urdu), and a partnership with Future Trends.
"launch of yet another special coin Bureau Channel now obviously you guys have been following us for quite a few weeks we've been laun we launched the relaunch the coin Bureau trading Channel we've got coin bureau South Asia which is a Hindi and and Urdu version of our coin Bureau run by different creators and last week we officially Mount the launch of our partnership with the guys over future trends"
Pending
The 'Coin Bureau by Future Trends' channel has been rebranded to Coin Bureau, signifying a partnership and collaboration.
"this coin Bureau by Future Trends have rebranded to coin Bureau and partnership and collaboration"
Pending
Michael Saylor reportedly purchased more Bitcoin very recently.
"sailor just bought more 15 minutes ago"
Pending