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1Bitget Daily Digest | Trump family project acquires $ENA, ARC reaches new highs against market trends (December 19) 2Bitget Token (BGB) Breaks $4 Barrier: 100% Supply Now in the Green3Dogecoin Transaction Volume Sinks to $415 Million, Threatening 300% Yearly Increase
Bitcoin Hits New All-Time High, Sparking Speculation of Possible Rally Toward $113,000
Coinotag·2024/12/16 18:11
ETH, LINK, AAVE and BGB move higher as Bitcoin inches toward new all-time high
Cointime·2024/12/16 16:33
Grayscale Bitcoin Trust ETF outflows exceed $21B in under 12 months
Cointime·2024/12/16 16:33
Riot Platforms buys more bitcoin, raising holdings to 17,429 BTC
Riot has increased its holdings to 17,429 BTC, currently valued at $1.8 billion based on the current market price of BTC of $103,873.Riot shares (ticker RIOT) are up more than 20% over the past five trading days.
The Block·2024/12/16 16:22
Pantera Partners Predict 2025: NFT Revival, 1% of Bitcoin Will Participate in Bitcoin-Fi
Cointime·2024/12/16 16:00
Wormhole, EigenLayer and NEAR-focused Nuffle Labs partner to bring restaking beyond Ethereum
Quick Take Wormhole is working with blockchain development company Nuffle Labs on a solution to expand EigenLayer’s restaking functionality beyond the Ethereum ecosystem.
The Block·2024/12/16 16:00
LINK Struggles Below Key Levels as Bulls Dominate Crypto Market
Newscrypto·2024/12/16 16:00
TRON Signals Price Recovery After Recent Price Dip to $0.24
Newscrypto·2024/12/16 16:00
Solana Price Traverses Downwards While Bulls Drive Crypto Market
Newscrypto·2024/12/16 16:00
Ohio lawmaker proposes bill to create a state-backed bitcoin reserve
Quick Take Ohio State Representative Derek Merrin introduced a bill to create a bitcoin reserve within the state treasury. Several other state representatives have pushed for state bitcoin reserves, as U.S. president-elect Donald Trump looks to build a national strategic reserve of bitcoin.
The Block·2024/12/16 16:00
Flash
- 12:40Analysis: The recent downturn in the crypto market is not due to fundamental factors, but rather investors taking profits at the end of the yearAccording to Bloomberg, Edward Chin of Parataxis said, "The recent market downturn seems like investors are taking profits at the end of the year, and there aren't any fundamental factors that have triggered this sell-off." Due to reduced expectations for a Federal Reserve rate cut in 2025, some investors may be choosing to reduce their exposure and take profits. Chris Weston, head of research at Pepperstone Group, wrote in a report that "Technically speaking, caution should be exercised in the short term. This does not mean we will see prices plummet soon but the momentum of the uptrend has clearly weakened and buyers have lost their dominant position and control over the market."
- 12:39Long-term Bitcoin holders have sold 1 million Bitcoins since SeptemberAccording to CoinDesk, about a week ago, long-term Bitcoin holders (LTHs) had been distributing large amounts of BTC. Since then, LTHs have accelerated their pace, reducing the total amount of Bitcoins held from about 14.2 million in mid-September to about 13.2 million. According to data from Glassnode, on Thursday, long-term Bitcoin holders sold nearly 70 thousand BTCs, which is the fourth largest single-day selling volume this year.
- 12:39Multiple Network announces brand upgrade, introducing Web3 privacy acceleration solutions for AIOn December 20, the DePIN+AI ecosystem project Multiple Network completed a brand upgrade, positioning itself as a Web3 privacy acceleration solution for AI. Through P2P and SD-WAN technology, Multiple Network is committed to helping global users better apply AI technology and promote deep integration of AI with decentralized ecosystems. The first phase test network of Multiple Network, MultiSeed will end at the end of 2024, covering 138 countries and regions and connecting more than 35,000 nodes. The new second-phase test network MultiGrow will be launched in 2025. Multiple Network is currently integrating into the DeAI ecosystem to provide efficient and secure network services for global AI companies.
