Tom Lee, Chairman of BitMine, stated in an article on the X platform that many institutional investors typically exit the market during the final holiday trading period of the year, shifting market dominance to algorithmic and bot trading programs. This, coupled with year-end selling driven by tax avoidance needs, contributes to the market dynamics in the last few days of December. Previously, when BitMine disclosed its purchase of 44,463 ETH last week, Lee also pointed out that as the year-end holidays approach, overall market activity tends to decline, and tax-avoidance selling can exert temporary downward pressure on cryptocurrency and related stock prices. This impact is typically most pronounced between December 26th and December 30th, and BitMine is adjusting its market strategy based on this seasonal characteristic.

Trader CBB posted on the X platform that people spent months promoting a certain token, but the token's valuation failed to break $3 billion within 24 hours of its launch after being fully diluted, and he called the token a pure junk coin.

According to Onchain Lens monitoring, Bitmine (@BitMNR) has staked an additional 118,944 ETH, worth $352.16 million. Currently, Bitmine has staked a total of 461,504 ETH, with a total value of $1.37 billion. In addition, a newly created wallet received 32,938 ETH from FalconX, worth $97.8 million; this address likely belongs to Bitmine.

Representative Warren Davidson has issued a stark warning regarding the current trajectory of cryptocurrency legislation within the United States, expressing concerns that these laws are fundamentally undermining the core purpose of Bitcoin. He elaborates on his alarm by highlighting specific regulatory measures that he believes threaten the decentralized nature of the cryptocurrency, as well as the innovation and freedom that it was originally designed to promote. By examining the implications of these legal frameworks, Davidson calls attention to the potential risks they pose not only to Bitcoin but to the broader cryptocurrency ecosystem and financial sovereignty of individuals. Here is an in-depth exploration of the factors contributing to his apprehension and the consequences he foresees if the situation remains unaddressed. source: https://blocknews.com/rep-warren-davidson-warns-us-crypto-laws-are-undermining-bitcoins-core-purpose-here-is-why-hes-alarmed/

Trump Media is set to launch a new digital token backed by Crypto.com, which will be made available to its shareholders as part of an innovative initiative aimed at enhancing shareholder value and engagement within the company's ecosystem. source: https://blocknews.com/trump-media-to-issue-cryptocom-backed-digital-token-to-shareholders/

TeraWulf received a major vote of confidence at year-end after a sharp reassessment of its long-term earnings trajectory. A strategic shift away from pure bitcoin mining toward artificial intelligence infrastructure is now reshaping how analysts value the company. source: https://www.ethnews.com/kbw-lifts-terawulf-to-outperform-on-ai-pivot/

null source: https://x.com/angrycryptoshow/status/2006445763526799783

Yield Basis introduces an IL-free AMM design that already dominates BTC DEX liquidity source: https://blockworks.co/news/yield-basis-native-btc-yield

BitMine's ETH stockpile swells over $12 billion as aggressive buying continues during holiday slowdown. source: https://cryptopotato.com/bitmine-doubles-down-on-ethereum-as-markets-cool-into-year-end/

null source: https://x.com/angrycryptoshow/status/2006444734294753514

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Golden (Shenzhen) Information Service Co., Ltd. - A professional provider of software development, artificial intelligence applications, and cybersecurity solutions.

Golden (Shenzhen) Information Service Co., Ltd. - A professional provider of software development, artificial intelligence applications, and cybersecurity solutions.

Golden (Shenzhen) Information Service Co., Ltd. - A professional provider of software development, artificial intelligence applications, and cybersecurity solutions.

Golden (Shenzhen) Information Service Co., Ltd. - A professional provider of software development, artificial intelligence applications, and cybersecurity solutions.

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