According to Odaily, U.S. Senator Cynthia Loomis has proposed that the government acquire 5% of Bitcoin’s total supply. This suggestion has triggered speculation about potential market instability, with mixed reactions from analysts and investors.Ben Simpson, CEO of Collective Shift, commented on the proposal, predicting a significant impact on market dynamics. Simpson anticipates a surge in Bitcoin’s price, followed by a pullback. He expects Bitcoin’s dominance in the crypto market to decline and stabilize around $100,000, while altcoins begin to climb, signalling the start of a market rotation. However, he cautions that the transition to a full-fledged altcoin season is unlikely to occur immediately. 

According to data from Arkham Monitoring, BlackRock's Ethereum and Bitcoin ETFs received significant inflows this morning, totaling approximately $20.63 million. The funds comprised 2,099 ETH and 121.947 BTC, highlighting growing investor interest in cryptocurrency-based exchange-traded funds.

The Fear and Greed Index, a widely watched sentiment indicator for cryptocurrency markets, surged to 83 today, up from 76 yesterday, maintaining its classification as "Extreme Greed," according to Alternative data.The index, which ranges from 0 (extreme fear) to 100 (extreme greed), is composed of multiple metrics: volatility (25%), market trading volume (25%), social media sentiment (15%), market surveys (15%), Bitcoin's dominance in the market (10%), and Google Trends data for cryptocurrency-related keywords (10%).

OpenSea data shows that the floor price of the Pudgy Penguins sub-series Lil Pudgys has exceeded 3 ETH and currently reached 3.75 ETH, setting a new historical high and increasing by 89% in 7 days. In addition, the transaction volume of this series has reached 6,333 ETH in the past seven days, an increase of 67%.

The global cryptocurrency market cap now stands at $3.59T, down by -1.58% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $99,700 and $102,650 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $101,645, up by 1.58%. Most major cryptocurrencies by market cap are trading higher. Market outperformers include VELODROME, FIRO, and VITE, up by 64%, 47%, and 20%, respectively. Top stories of the day: MicroStrategy Joins Nasdaq 100 Index Global Cryptocurrency Daily Active Users Reach Record High in December Significant Support Wall Formed for Bitcoin Between $94,300 and $100,250 Bitcoin's Record Fuels Optimism for Altcoin Season and Christmas Rally Citigroup Economists Predict Federal Reserve Rate Cuts Amid Global Economic Weakness SEC Fines Cantor Fitzgerald $6.75 Million Over Misleading SPAC Statements Bank of Japan Likely to Maintain Interest Rates Amid Economic Concerns Market movers: ETH: $3915.23 (+0.63%) XRP: $2.4578 (+5.98%) SOL: $226.07 (+0.32%) BNB: $723.66 (+2.04%) DOGE: $0.40731 (+0.65%) ADA: $1.1062 (+1.15%) TRX: $0.2965 (+2.52%) AVAX: $53.57 (+3.42%) LINK: $29.85 (+5.07%) SHIB: $0.00002836 (+1.69%) Top gainers on Binance: VELODROME/USDT (+64%) FIRO/USDT (+47%) VITE/USDT (+20%)

According to Odaily, a recent post by Shen Yu on the X platform delves into the psychological aspects of trading, emphasizing the introspective nature of investment decisions. Shen Yu suggests that each transaction driven by the 'buy more as prices rise' mentality is less about market dynamics and more about personal value assessment. He argues that increasing one's investment is not necessarily based on new market insights but rather on the need for greater profits to sustain a grander self-image. Shen Yu describes the market as a mirror, reflecting not just financial gains but the image of an 'invincible' self that traders become enamored with. This perspective highlights why advice on trading discipline and systems, although accurate, often fails to alter behavior significantly. The core issue, he notes, is existential rather than technical, suggesting that technical solutions cannot address existential problems. The irony, Shen Yu points out, is that while traders believe they are exchanging money for wealth, they are, in reality, trading wealth for an illusory self-identity. From the outset, this approach to trading positions individuals as inevitable losers.

According to Odaily, MicroStrategy founder Michael Saylor announced on the X platform that Japanese publicly traded company Metaplanet has adopted the Bitcoin standard. This strategic move by Metaplanet is noteworthy as it aligns with the growing trend of companies integrating Bitcoin into their financial frameworks. Saylor's announcement was accompanied by a stock price chart, which indicated an upward trend in Metaplanet's share value. This increase in stock price suggests a positive market response to the company's decision to embrace Bitcoin. The adoption of Bitcoin by Metaplanet reflects a broader acceptance of cryptocurrency in the corporate sector, highlighting its potential as a valuable asset in financial strategies. The decision by Metaplanet to adopt the Bitcoin standard is part of a larger movement among companies seeking to leverage the benefits of cryptocurrency. As more businesses explore the integration of digital currencies, the financial landscape continues to evolve, offering new opportunities and challenges. Metaplanet's approach may inspire other companies to consider similar strategies, potentially influencing market dynamics and investor perceptions.

According to PANews, Nexo research analyst Iliya Kalchev recently noted a significant increase in XRP's open interest, indicating a growing appeal and expanding investor base, alongside heightened trading activity. This surge is attributed to favorable regulatory developments and a rebound in the cryptocurrency market. Kalchev emphasized that XRP's fundamental strengths and widespread adoption are key drivers of its growth. Data from Coingecko reveals that since December, XRP's price has repeatedly surpassed the $2 mark, making it one of the top-performing altcoins over the past 30 days. Additionally, Ripple's approval from the New York State Department of Financial Services (NYDFS) to launch the RLUSD stablecoin has further bolstered market confidence. Notably, XRP offers an annualized yield of up to 12% on Nexo's platform, providing investors with additional earning opportunities and drawing user interest. Kalchev stated that XRP's future trajectory will depend on Ripple's strategic decisions and market maturity, with current trends suggesting continued growth and relevance.

According to Odaily, market sources have revealed that former President Donald Trump is scheduled to meet with Amazon founder Jeff Bezos and the CEO of Google next week. This meeting is anticipated to cover various topics of mutual interest and significance. The announcement of this high-profile meeting has sparked widespread interest, given the influential roles that both Bezos and the... source: https://www.binance.com/en/square/post/17514815600081?utm_source=BinanceNewsRSS

According to Odaily, market sources have revealed that former President Donald Trump is scheduled to meet with Amazon founder Jeff Bezos and the CEO of Google next week. This meeting is anticipated to cover various topics of mutual interest and significance. The announcement of this high-profile meeting has sparked widespread interest, given the influential roles that both Bezos and the Google CEO play in the tech industry. While specific details of the agenda remain undisclosed, the gathering is expected to address key issues that could impact both the business and political landscapes. This upcoming meeting underscores the ongoing interactions between political figures and major tech leaders, highlighting the importance of dialogue in navigating the complexities of the modern digital economy. Observers are keen to see what outcomes may arise from this engagement, as it could have implications for future collaborations or policy discussions.

Assets under management for spot Bitcoin ETFs have surpassed $100 billion in a year and are now challenging to surpass gold ETFs.

Before we get into our 2025 predictions, let’s take a moment to review our 2024 predictions.

This may be the last “grassroots” cycle belonging to the crypto industry, and also the last Mega cycle in which BTC will have a huge beta increase.

The announcement showed that Meitu began selling its cryptocurrencies in November 2024, and as of December 4, all of them had been sold, with a total profit of approximately US$79.63 million (approximately RMB 571 million).

According to DefiLlama data, the total market value of stablecoins has exceeded US$200 billion, of which USDT has hit a record high of US$139 billion, and the market value of USDC issued by Circle has reached US$41 billion.

The addition will reportedly double the Nasdaq 100’s exposure to Bitcoin and expose MSTR to billions of dollars in passive investments.

Michael Saylor's "debt/equity, Bitcoin, stock price" game is a double Ponzi structure, which has become the biggest time bomb in the current cryptocurrency field.

Gain in-depth insights into the Filecoin Foundation’s vision and strategic priorities. Looking ahead to 2025, the Filecoin Foundation’s primary goal is to mobilize the Filecoin community, make Filecoin run seamlessly, and achieve product-market fit.

Golden Finance launches Golden Web3.0 Daily to provide you with the latest and fastest news on games, DeFi, DAO, NFT and Metaverse industries.

Stablecoins play a vital role in transactions, payments, and savings in the crypto industry.