Sabtu, 07 Desember 2024

⚡Bitcoin targets $115K after flash crash; Is Trump’s BTC reserve plan a ‘bad deal‘?


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Your Daily Digest of the 🔥Hottest News in Crypto

Today's top stories:

🎯 Bitcoin 'spinning top' candle targets $115K

🤔 Is Trump's BTC reserve plan a 'bad deal'?

🎧 Hawk Tuah memecoin dumps 90% - amidst alleged fraud

📰 Keep reading to find out more about all of today's top stories

Bitcoin 'spinning top' candle targets $115K after recent 15% BTC flash crash

Bitcoin's rebound from this week's flash crash reset key price metrics and paved a path for BTC to chase after the $115,000 level.

Despite the 14% plunge from its all-time high of $104,600, Bitcoin has rallied by 4.57% on the daily chart, maintaining a bullish position above each exponential moving average (EMA) level on the four-hour chart.

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FDIC asked banks to 'pause' crypto activities — Court docs

Coinbase chief legal officer Paul Grewal claimed the letters provided evidence that an alleged US government attempt to debank firms "wasn't just some crypto conspiracy theory."

Court documents filed in a Freedom of Information Act (FOIA) lawsuit against the United States Federal Deposit Insurance Corporation (FDIC) showed the US regulatory body asked certain financial institutions to pause crypto banking activities.

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Upgrading DApp infrastructure with 'Smart Tokens': 3 examples from the real world

Programmable smart tokens introduce a better way to build and scale decentralized applications with blockchain.

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Trump's BTC reserve plan would be a 'bad deal' — Ex-NY Fed president

Bill Dudley joined others in suggesting the only purpose of a US government Bitcoin reserve would be to reward Trump's crypto supporters.

In a Dec. 6 Bloomberg op-ed, economist and former New York Federal Reserve Bank President Bill Dudley said despite Bitcoin's recent rise to more than $100,000, it was "hard to fathom" how the US government holding cryptocurrency would benefit residents.

[Cointelegraph Acceleration]

Crypto super app brings account abstraction to the Solana blockchain

Crypto super app announces Solana blockchain integration and partnership to bring user-friendly features to the consumer chain.

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'China's MicroStrategy' Meitu sells all its Bitcoin and Ethereum: Asia Express

'Asia's MicroStrategy' Meitu has sold all of its 940 Bitcoin and 31K ETH — passing the title to Japan's Metaplanet with its 1100 BTC reserve. Asia Express.