24H Hot Coins and News | Market falls across the board; Russian lawmakers propose establishing a national Bitcoin reserv

24小時 popular currencies

1. Popular currencies on CEX

CEX top 10 trading volume and 24-hour rise and fall:

• BTC: -1.85%

• ETH: -5.37%

• DOGE: -10.46%

• XRP: -11.18%

• PEPE: -5.55%

• SOL: -6.75%

• BNB: -5.45%

• NEIRO: -6.69%

• 1 MBABYDOGE: + 32.47%

• ADA: -12.8%

24小時 increase list (data source: OKX):

• MOVE: + 1, 148.72%

• BABYDOGE: +32.23%

• POLYDOGE: +13.21%

• MILO: +4.61%

• CXT: +1.65%

• LEO: +1.40%

• ZKJ: +1.36%

• XAUT: + 0.55%

2. Top 5 popular memes on the chain (data source: GMGN):

• GUZUTA

• SHIKOKU

• MONKEY

• Luigi

• $DAGO

3. Todays most searched currencies

• MOVE: MOVE is a blockchain project based on the Move programming language, developed by Movement Labs. It is deeply integrated with Ethereum and provides a flexible and powerful development environment. MOVEs resource-oriented programming model effectively prevents smart contract vulnerabilities and improves security. At the same time, its post-confirmation mechanism allows transactions to be confirmed as fast as one second, greatly improving the user experience. Recently, the launch of Mainnet Beta and the generation and listing of $MOVE tokens have attracted a lot of market attention. Coupled with the implementation of the MoveDrop plan, the projects popularity continues to rise.

• BABYDOGE: Meme coin, deeply tied to DOGE and Musk-related concepts. Not only was Musks tweets fueling the trend, but it also did not fall during the plunge earlier today, and its 24-hour increase remained above 30%.

頭條新聞

Russian lawmaker proposes creating national Bitcoin reserve to counter economic sanctions

Russian lawmaker Anton Tkachev has proposed creating a national Bitcoin reserve, positioning it as a tool to counter economic sanctions and ensure financial stability.

In a formal appeal to the finance minister, Tkachev suggested establishing a Bitcoin reserve similar to traditional foreign exchange reserves. He believes that 加密貨幣currencies have unique advantages in mitigating risks associated with sanctions, inflation, and currency fluctuations.

Tkachev pointed to Bitcoin’s rising valuation, citing its potential to reach $100,000 by December 2024 as an example of its reliability as a store of value and investment. The proposal fits in with the Russian central bank’s broader move to include digital assets in the international payment system.

In the past 24 hours, the entire network has been liquidated with a total of US$1.711 billion, mainly due to long orders. The total market value of cryptocurrencies has fallen by 7.5% in 24 hours.

CoinGecko data shows that the current total market value of cryptocurrencies is 3.635 trillion US dollars, a 24-hour drop of 7.5%. BTC has a market share of 53.1% and ETH has a market share of 12.4%.

According to Coinglass data, the entire network had a liquidation of US$1.711 billion in the past 24 hours, of which US$1.55 billion was for long positions and US$162 million was for short positions; US$183 million was for BTC and US$240 million was for ETH.

Movement Open Airdrop Claims

According to a post by the Movement Foundation on the X platform, Movement has opened airdrops for claiming.

產業新聞

El Salvador Plans to Relax Bitcoin Acceptance Requirements to Unlock $3 Billion in Loans

El Salvador plans to relax its requirements for local businesses to accept Bitcoin in order to obtain more than $3 billion in loans, according to a report by the Financial Times, citing anonymous sources. By shifting to a policy that allows businesses to voluntarily accept Bitcoin, El Salvador could reach a loan agreement with the International Monetary Fund worth $1.3 billion, the sources said. The deal would also reportedly unlock two loans, one for $1 billion from the World Bank and another for $1 billion from the Inter-American Development Bank. In order to obtain the IMF loan, the country also agreed to reduce its budget 去中心化金融cit, pass an anti-corruption law and increase reserves, the Financial Times said.

專案新聞

ether.fi Foundation: The protocol received $3.5 million in revenue in November, of which 5% was used for buybacks and LP programs

The ether.fi Foundation announced that the ether.fi protocol had revenue of $3.5 million in November, of which 5% was allocated to purchase 89,000 ETHFI for repurchase and LP programs.

Circle: Plans to launch a new version of the cross-chain transmission protocol CCTP V2 in early 2025

Stablecoin issuer Circle announced on the X platform that it plans to launch a new version of the cross-chain transmission protocol CCTP V2 in early 2025. It will first support Ethereum, Base and Avalanche, and will subsequently launch more chains. The new version of CCTP will support:

– Faster cross-chain USDC transfers;

– Low latency settlement (in seconds, not minutes);

-All cross-chain transactions are secured by Circle.

投融資

Arkon Energys Nscale raises $155 million in funding led by Sandton Capital Partners

Nscale, a European AI cloud company under Bitcoin mining company Arkon Energy, has completed a $155 million financing round led by Sandton Capital Partners, with participation from Kestrel, Bluesky Asset Management and Florence Capital, which will boost its growth plans in Europe and North America.

Nscale officially launched in May 2024. The company offers a GPU cloud based on AMD hardware, specifically AMDs Instinct M 130 0X accelerators as well as AMD MI 250 GPUs and Nvidias A 100, H100 and V1 00 GPUs. Nscale operates a 60 MW data center in Glomfjord, Norway, which was previously owned by Arkon.
The company said it has expanded its greenfield data center capacity in Europe and North America from 300 MW to 1.3 GW, with plans to develop 120 MW by 2025. Nscale said it will launch a public cloud service in the first quarter of 2025, giving developers access to purpose-built inference and training solutions in a flexible development environment.

Nscale previously acquired Kontena, a provider of high-density modular data center and AI data center solutions. Arkon previously worked with Kontena to deploy two mining containers at the former’s Glomfjord site.
Many crypto companies have already turned at least partially to AI, including CoreWeave, Core Scientific, Hut 8, TeraWulf, and Applied Digital (formerly Applied Blockchain).

Bitcoin lending platform Lava completes $10 million Series A financing, Khosla Ventures and others participate

Bitcoin lending platform Lava has completed a $10 million Series A financing round, with participation from Khosla Ventures and Founders Fund. According to Lava founder and CEO Shehzan Maredia, the platform allows users to use Bitcoin as collateral for loans, with its slogan being “Save with Bitcoin, Spend with Dollars.”

Riot Platforms plans to issue convertible senior notes to raise $500 million to purchase BTC

According to official news, Riot Platforms, a Nasdaq-listed Bitcoin mining company, announced that it plans to raise US$500 million through the issuance of convertible senior notes. The company intends to use the net proceeds from this issuance to purchase additional Bitcoin and for general corporate purposes.

Web3 social protocol Candao receives $25 million token investment commitment from Rollman Management Digital

Web3 social protocol Candao has received a $25 million token investment commitment from Rollman Management Digital to further develop its technology and business.

It is reported that Candao combines decentralized social networks with Web3 tools, allowing users to be rewarded, collaborate and co-create in a community-driven ecosystem. Candao has achieved the tokenization and seamless exchange of assets such as intellectual property, real estate, fans and personal skills. CDO-Chain is the native L2 network developed by Candao and is the core infrastructure of the Candao ecosystem, designed to handle all transactions related to data ownership, asset management and user activities within the protocol.

RMD (Rollman Management Digital) is led by Victor R.Ch.Rollman, founder of Rollman Capital, Rollman Mining and Rollman Management.

角色聲音

Elon Musk: The current government is doing everything possible to hinder government efficiency, but the new department DOGE is unstoppable

Conservative political activist Charlie Kirk posted on X: “Chuck Schumer is trying to convince Democratic activist Lauren McFerran to run for a second term as chair of the National Labor Relations Board. This is a big deal, and if successful, President Trump will have a Democratic National Labor Relations Board chair for the first two years of his term. We need every Republican senator.”

Elon Musk commented on this, saying: “The current administration is doing everything possible to hinder government efficiency, but the Department of Government Efficiency (DOGE) is unstoppable.”

Analysis: Bitcoin may take time to stabilize above $100,000

Bitcoin briefly fell below $95,000 on Tuesday, while an index of smaller digital assets dropped more than 10%, one of its biggest declines this year.

On December 5, the price of Bitcoin hit an all-time high of $103,800, but has since struggled to stay above six figures. According to data from Coingecko, the entire cryptocurrency market has shrunk by about $250 billion in the past 24 hours.

“Big round numbers are real and often take time to overcome,” Charlie Morris, chief investment officer at ByteTree Asset Management, wrote in a note. “The $100,000 level is a number we should get used to, but unless flows can surge from here on out, we’re going to spend time at this level.”

Fairlead Strategies LLC technical analyst Katie Stockton recommended in a report that Bitcoin should adopt a “neutral short-term bias” after it failed to stay above $100,000.

SBF is writing his memoirs and documenting his life in prison

SBF, a former cryptocurrency billionaire currently serving a 25-year sentence for fraud at the Metropolitan Detention Center (MDC) in Brooklyn, has begun writing his memoirs, and based on some of the leaked chapters, perhaps because SBF hasn’t quite adjusted to his new reality, his work has the distinctive tone of Jane Goodall recounting her life with chimpanzees or a Victorian anthropologist observing foreign cultures.

For example: Most people become introverts, SBF writes, referring to other prisoners. They will fight over a banana. Other chapters focus on more mundane things, like his struggle to get a pillow. I lost my pillow tonight. So tonight Im using a towel and prison uniform to prop up my head. Its not working well, and my neck is already hurting.

It is reported that SBF also criticized the lack of clocks in the prison, which led to a loss of sense of time, and described in detail his experience of trading prisoners for makeshift pillows. At the same time, he mentioned that he would meet with legal assistants every day and keep in touch with his lawyer father through video. SBFs diary describes the prison culture from an observers perspective, reflecting his struggle to adapt to his new life and his deep reflection on freedom and identity.

Bitfinex report: BTC consolidates in the $100,000 range, but the market shows signs of stabilization

Bitfinex published an analysis that last week, Bitcoin hit a record high, breaking through $100,000 for the first time, setting a new all-time high of $104,000. This marks a 111% increase in Bitcoin from its lows below $50,000 in the summer. However, the rebound was followed by a sharp 14.84% correction, including a rapid drop of 10% in just eight minutes, which was the largest correction of Bitcoin from its current all-time high since the sell-off before the US election. The pullback triggered more than $1.1 billion in liquidations, of which $419 million were Bitcoin long positions, highlighting the leverage level of the market.

Despite the volatility, signs of market stabilization are emerging. The realized profit indicator peaked at $10.5 billion per day but has now fallen to $2.5 billion, easing sell-side pressure. Futures funding rates have also normalized, indicating a decline in speculative leverage. Although ETF inflows slowed slightly over the weekend, they remain a key source of support amid ongoing profit-taking by long-term holders. As Bitcoin consolidates above $100,000, the medium-term outlook remains bullish, with the potential for further gains as funding rates normalize and sell-side pressure eases, as long as ETF inflows continue to increase.

In addition, the Federal Reserve is assessing possible policy shifts by the new administration, while the economy remains supported by a resilient labor market and solid consumer demand. However, the uneven recovery across sectors suggests a need for cautious optimism.

QCP Capital: The market is fluctuating at a low level, and this trend may continue during the holiday period. ETH bullishness will have to wait until after January

QCP Capital posted on its official Telegram channel: “For ETH and BTC, $4,000 and $100,000 are key support/resistance lines. After breaking through these key levels last week, the two major currencies are generally fluctuating at low levels today.

Looking at the highest OI on Dec 27, 2024, these key levels correspond to the strikes with the most open interest: ETH-27 DEC 24-4000 (90k contracts) and BTC-27 DEC 24-100000 (16k contracts). So if the spot price rises and market makers push further up to hedge, will there be a squeeze? We tend to think this is unlikely.
Today, we observed holders taking profits on their long positions in BTC-27 DEC 24-100 kC and potentially rolling these positions to the 130,000-150,000 strike price in March 2025. This suggests that there is enough top-end gamma supply in the market.
In addition, the funding rate of Deribit perpetual contracts is relatively stable, and the funding rate of mainstream exchanges is slightly higher than usual, further reducing the possibility of a sharp upward price movement. Although we are still bullish from a structural perspective, the spot market may remain range-bound during the holiday period. From historical data, ETH usually does not hit a new high before January, the half-yearly cut. This market sentiment is also reflected in the options market, and ETH risk reversals only began to favor call options after January.

This article is sourced from the internet: 24H Hot Coins and News | 市場 falls across the board; Russian lawmakers propose establishing a national Bitcoin reserve (12.10)

Related: Capture the DeSci craze and learn how to use Pump.Science step by step

Original author: BB Original translation: TechFlow Real cryptocurrency advocates know that no matter what the next meme is, cryptocurrency itself has significant value. This value lies in its ability to create innovative systems that transcend national borders. DeSci (decentralized science) is one such ecosystem that has been taking the crypto world by storm. This innovation is poised to advance with the same momentum that fueled the meme coin craze. Innovation always needs some impetus. That’s where Pump.Science comes in — a cryptocurrency-fueled science experiment that successfully combines innovation, healthy lifespan, and token craze. Imagine it like a combination of a college biology class and an innovation-driven DeFi conference. But at Pump.Science, we’re no longer dissecting frogs, we’re exploring the secrets of longevity. Of course, cracking the code of longevity is…