Good Morning,
Here's a quick preview of today’s content: Spot ETFs for Solana get temporarily rejected, Charles Schwab announces they are very bullish on Bitcoin, Tezos launched a new marketplace, Telegram’s founder is finally questioned, and much more
Happy Monday, let’s dive in.
Market Snapshot
As of 12/8/2024. Data per CoinMarketCap.
-
BTC fell 2% from the six-figure landmark in the Asian session, leading to a dive across majors
-
That slide led to $300M in longs, or bets on higher prices, to be liquidated, with futures tracking smaller altcoins and meme tokens recording higher losses than BTC or ETH futures
-
BTC’s failure to remain above the $100,000 market is another concerning sign for a continued rally, some say
Headline Roundup
The major headlines driving crypto markets
-
US Bitcoin ETFs have seen ~$10B in inflows since Trump’s election win (BBG)
-
Charles Schwab forecasts that Bitcoin's price could reach $500K-$1M if Trump establishes a Bitcoin reserve (TD)
-
Coinbase reveals that the FDIC halted crypto banking in 2022 (CD)
-
Telegram founder, Pavel Durov, questioned for the first time in a Paris Court (CT)
-
NFT sales volume started off strong in December, led by Ethereum (CT)
-
The Senate Banking Committee is scheduled to vote on Caroline Crenshaw's SEC commissioner renomination (BN)
-
Popular charting solution Tradingview integrated Coinbase’s perpetual cryptocurrency swaps (FM)
-
Crypto fraudster David Smillie fined $18.4M for defrauding customers (CBC)
-
Ethereum’s largest re-staking protocol, Eigenlayer, upgrades its staking program (CT)
-
Canadian fintech Nuvei launches payment settlement using stablecoin for merchants in Latin America (CT)
-
Cardano Foundation's official X account was hacked to promote an ADAsol scam, generating $500K in trading volume (CT)
-
Naoris Protocol unveils ground-breaking technology for cybersecurity and digital trust (BT)
-
RWA web3 startup Lingo announces a strategic partnership with Stewards Investment Capital (ZC)
-
AnaxiLabs teams up with Carnegie Mellon University’s Cylab to announce compiler network for cryptography (DH)
The future of presentations, powered by AI
Gamma is a modern alternative to slides, powered by AI. Create beautiful and engaging presentations in minutes. Try it free today.
Launches
-
Tezos launched a new blockchain-based uranium marketplace (BT)
-
Newly launched digital media ecosystem Myriad teams up with the Pudgy Penguins to launch its first community-oriented campaign (DC)
Regulation
-
SEC is set to reject Solana ETFs (CT)
-
US Treasury Secretary Yellen calls for stronger cryptocurrency regulations (DSD)
-
Hybrid crypto exchange GRVT secures Bermuda license (CT)
-
Former Fed President Bill Dudley warns that a strategic Bitcoin reserve offers no benefits (DH)
-
Czech Republic to exempt crypto held over three years from taxes (CT)
-
Memecoin launchpad PumpFun banned in the UK (CD)
Cybersecurity
-
According to Web3 security firm Perckshield, November crypto crime reached $85.5M, bringing yearly losses to $2.4B (AC)
Extra Reads
-
Venture capitalist David Sacks has been tapped to serve as President-elect Trump’s White House czar for artificial intelligence (AI) and cryptocurrency, taking on a newly created role to lead the administration’s policy on the two technologies.
Meme Dump
Pls send us crypto memes to be featured in the newsletter 🤝
🐦 Follow Us: Visit our X account for constant updates on all things web3, DeFi, and crypto.
💵 Litquidity Ventures: Accredited investors & qualified purchasers within the Litquidity community can gain access to alternative investments such as venture, late-stage growth, and private equity through Litquidity Ventures. Interested? Fill out this form.
☎️ Book a call with Lit: Want to pick Litquidity’s brain on business advice, insights, or just chat to say what’s up? Buy his time here.
📧 Launch your own newsletter: Have great content ideas and looking to launch your own publication? We highly recommend Beehiiv to get started.
