On Dec 04, 2024, 16:25 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 95,000 USDT and is now trading at 94,919.671875 USDT, with a narrowed 0.93% decrease in 24 hours.

OKX market data shows that BTC fell below 95,000 USDT and is now at 94,992 USDT, with a 24-hour drop of 0.83%. (This newsletter is generated by AI)

Solana’s web3.js library briefly contained two versions with malicious code that was able to steal private keys. The post Solana dev library web3.js compromised to steal private keys appeared first on Protos. source: https://protos.com/solana-dev-library-web3-js-compromised-to-steal-private-keys/

On Dec 04, 2024, 16:18 PM(UTC). According to Binance Market Data, BNB has dropped below 750 USDT and is now trading at 748.5 USDT, with a narrowed narrowed 16.24% increase in 24 hours.

Whale withdraws 80 billion SHIB as Shiba Inu coin price seems ready to rocket source: https://u.today/billions-of-shiba-inu-shib-leave-coinbase-into-unknown-as-price-finds-bulls-support

South Korea's opposition party reported to the plenary session of the National Assembly on the impeachment motion against President Yoon Seok-yeol. According to relevant South Korean laws, the impeachment case against the president can be voted on 24 hours after the report is made to the plenary session of the National Assembly, and the vote must be completed within 72 hours. (CCTV International News)

Many memecoiners thought retail investors would fall head over heels for memes, but they appear to be more interested in “dino coins” like XRP and TRX. source: https://cointelegraph.com/news/memecoin-supercycle-analysts-investment?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

According to Odaily, Republican Representative John Duarte has conceded defeat in the election for the last seat in the U.S. House of Representatives, representing California's 13th District. This concession marks the conclusion of the U.S. House elections, with the Republican Party securing a total of 220 seats, while the Democratic Party has obtained 215 seats. The outcome of this election solidifies the Republican Party's majority in the House, albeit by a narrow margin. The closely contested race in California's 13th District was one of the final determinations in the overall composition of the House. Duarte's acknowledgment of his loss underscores the competitive nature of this election cycle, which saw both parties vying intensely for control. The final seat count reflects the dynamic political landscape in the United States, where shifts in voter sentiment and demographic changes continue to influence election outcomes. As the Republicans take control of the House, they are expected to pursue their legislative agenda, while the Democrats will focus on maintaining their influence and preparing for future electoral challenges. This balance of power will shape the legislative priorities and political strategies of both parties in the coming years.

According to Cointelegraph, David Brend has been sentenced to 10 years in prison for his involvement in promoting the fraudulent cryptocurrency mining and trading firm IcomTech. The sentencing took place on December 2 in the United States District Court for the Southern District of New York, where Judge Jennifer Rochon ordered Brend to serve his term at the Federal Prison Camp in Pensacola, Florida. In addition to his prison sentence, Brend is required to pay $40,000 in forfeiture and is expected to surrender to authorities on December 16. Brend's sentencing follows the conviction of his fellow IcomTech promoter, Gustavo Rodriguez, who was sentenced to eight years in prison. The harsh sentences are part of an effort to deter similar fraudulent activities in the cryptocurrency sector. U.S. Attorney Damian Williams highlighted the roles of Brend and Rodriguez in the IcomTech Ponzi scheme, describing Rodriguez as the chief architect of the fraudulent website and Brend as the salesman who misled investors with promises of lucrative returns. Together, they defrauded thousands of people out of millions of dollars. The U.S. Attorney’s office revealed that Brend was among the promoters who traveled nationwide to persuade individuals to invest in IcomTech’s products, which were falsely marketed as a path to financial freedom. The indictment accused IcomTech of operating as a crypto-based Ponzi scheme, collecting over $8 million from users between 2018 and 2019. Promoters, including Brend, allegedly misappropriated victim funds for personal use, including luxury goods and real estate. The authorities arrested IcomTech's founder, David Carmona, in 2022, labeling him as the scheme's mastermind. Carmona received a 10-year prison sentence in October, while Marco Ochoa, the company's CEO, was sentenced to five years in January. Despite pleading not guilty, both Rodriguez and Brend were found guilty of wire fraud conspiracy by a jury in March.

TL;DR Bitcoin reaches a new all-time high of $99.4k, but several risk indicators suggest potential demand exhaustion in the market. The concentration of supply between $87k and $98k indicates that a correction could face resistance due to the lack of available supply. The slowdown in realized profit volume and the stabilization of perpetual futures funding ... source: https://crypto-economy.com/risk-metrics-flash-red-early-signs-of-demand-exhaustion-in-crypto-market/

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