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1Bitget Daily Digest | Controversy surrounds ai16z founder Shaw; top trader Eugene reveals positions (December 23)2VanEck Argues That a Strategic Bitcoin Reserve Could Slash US Debt 36% by 20503Will HYPE Bulls Break Resistance After Its All-Time High?
Ethena and World Liberty Financial Explore Integration of sUSDe Token Amid Market Challenges
Coinotag·2024/12/18 22:44
Senate Banking Committee cancels confirmation vote for SEC’s Caroline Crenshaw
In the meantime, Trump will name either Commissioner Hester Peirce or Mark Uyeda as acting chair
Blockworks·2024/12/18 20:22
Whale Activity Suggests Potential Market Confidence for Cardano Amid Price Volatility
Coinotag·2024/12/18 16:00
MARA and Hut 8 Enhance Bitcoin Reserves with $500 Million in Recent Purchases Amid Market Volatility
Coinotag·2024/12/18 16:00
Rapidly-growing stablecoin issuer Usual latest to use M^0 infrastructure to launch token
Quick Take Usual, the issuer of what is now the seventh-largest stablecoin, is launching an extension of M^0’s M token, called UsualM.
The Block·2024/12/18 16:00
Aptos Labs co-founder Mo Shaikh steps down as CEO
Quick Take Mo Shaikh has stepped down from his role as Aptos Labs CEO to “start a new chapter.” Aptos Labs co-founder and CTO, Avery Ching, will assume the CEO position.
The Block·2024/12/18 16:00
Ilya Lichtenstein says he worked alone on the 2016 Bitfinex hack, in his first public comments since entering prison
Quick Take In his first public comments since being sentenced, Ilya Lichtenstein said he worked alone to hack Bitfinex, clearing an accusation raised by a Netflix documentary that alleged his wife, Heather “Razzlekhan” Morgan, and father, Eugene Lichtenstein, may have been involved. Lichtenstein said he intends to put his hacking experience to use in the cybersecurity industry after finishing his five-year sentence.
The Block·2024/12/18 16:00
Is Bitget Token (BGB) Set for a $5 Rally After Reaching a New ATH?
Newscrypto·2024/12/18 16:00
Flash
- 17:01Analyst: Fed's hawkish turn dangerous for economyThe Fed's tone reportedly became more hawkish last week. It expects inflation in 2025 to be higher than previously forecast and reduced the number of rate cuts it expects to make next year. Neil Datta, an analyst at Fuxing Macro, writes that in an economic environment that appears to be slowing down, the Fed could be put in an unfavourable position and subsequently revert to a more dovish stance. He suspects that anticipation of Trump administration policies - which Powell admits some Fed officials are now factoring in - will lead to changes in next year's forecasts, with the Fed ‘appearing to be taking precautions by slowing the pace of rate cuts for the potential tariff shocks.’ Datta writes: ‘Given that the potential momentum of the economy appears to have waned, this [approach] is dangerous.’
- 16:56Today's top 100 crypto tokens up and down: AAVE up 11.18 per cent, HYPE down 17.30 per centThe top 100 cryptocurrency tokens by market cap today, 23 December, performed as follows. Top 5 Gainers:Aave (AAVE) is up 11.18 per cent at $332.33;Curve DAO Token (CRV) is up 8.96% at $0.8532;Virtuals Protocol (VIRTUAL) is up 6.69 per cent at $2.53;FTX Token (FTT) is up 6.59 per cent at $3.16;Raydium (RAY) is up 5.20 percent to $4.53. Top five losers:Hyperliquid (HYPE) is down 17.30 percent at $26.25;Movement (MOVE) is down 6.97 percent at $0.7786;Dogwifhat (WIF) is down 4.82 per cent at $1.86;Worldcoin (WLD) is down 4.03 percent to $2.14;MANTRA (OM) is down 3.98 per cent at $3.51.
- 16:50Bitcoin May Retest $90,000 Support, $85,000-$86,000 Range a ‘Bottom Zone’ for Many: TradersOn 23 December, it was reported that the price of Bitcoin has continued to fall, dropping below the $94,000 mark. Although it reached a high of $99,500 over the weekend, it has since come under selling pressure and has retreated 15 percent from last week's record high. A number of trading analysts are cautious about the near-term trend. According to analyst Bitcoindata21, the volume-weighted average price (VWAP) support to resistance is underperforming, and it is expected that Bitcoin may pull back to $92,000, with the $85,000-$86,000 range becoming a ‘bottoming area’ for the bulls. According to CrypNuevo, the market is unlikely to see a V-shaped reversal and may retest the psychological support level of $90,000. Trader Jelle said that the current bitcoin price trend is similar to the end of 2023, and we can not rule out the possibility of falling below $ 90,000 this week, but we expect to return to the uptrend in 2025. From a macro perspective, market sentiment is cautious after the Federal Reserve released a hawkish policy statement last week, and the market expects only an 8.6 per cent probability of a rate cut at the next FOMC meeting, according to CME Group data. Analysts The Kobeissi Letter warned that the rebound in inflation could affect the process of the Fed's shift to accommodative policy. Other analyses point out that the tightening of global liquidity could have a negative impact on the performance of the bitcoin and cryptocurrency markets.
