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Bitcoin traders are predicting flash BTC price moves despite almost unanimous market predictions as to what the Fed will do next.
The movement is the latest in a trend of early buyers and holders moving their tokens to new wallets after several years of inactivity.
The market is waiting for the Fed’s next move, or clarity around an ETF, say analysts
DOGE jumped 10% on Tuesday, its biggest single-day percentage gain since April 3.
Even with a price correction to $29,000, several Bitcoin price metrics show traders casting bets on a quick rebound.
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting the Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
ETH’s technical and on-chain indicators point toward further downside, but there is a silver lining.
Wednesday’s Federal Reserve likely decision to raise the interest rate 25 basis points appears to be priced into crypto markets
- 23:38Aave is considering integrating Chainlink SVR servicesAccording to a proposal in the Aave governance forum, Aave is considering integrating a new Chainlink oracle - Smart Value Recovery (SVR), aimed at redistributing profits from front-running transactions back to DeFi users. Chainlink's Smart Value Recovery (SVR) is an oracle service specifically designed to extract profits from Maximum Extractable Value (MEV) for the benefit of DeFi protocols. Aave estimates that SVR can capture about 40% of MEV profits, which can be redistributed to the Aave DAO, benefiting its users.
- 23:37Robinhood CEO: The company currently has no plans to hold Bitcoin for investment purposesAccording to reports, in an interview released on Monday, Vladimir Tenev, the CEO of stock and cryptocurrency trading platform Robinhood, stated that despite the increasing importance of cryptocurrencies to the company, Robinhood currently has no plans to hold Bitcoin for investment purposes. Tenev pointed out that due to Robinhood's growing interest in cryptocurrencies, the idea of holding Bitcoin is "mentioned from time to time". However, he added that apart from holding some cryptocurrencies to meet customer trading needs, Robinhood has no plans to hold Bitcoin as an investment. He said: "We have not ruled out this possibility but we haven't done so yet. After all, we are not engaged in investment management business." Tenev continued by saying that although Robinhood hasn't included Bitcoin into its balance sheet like companies such as MicroStrategy and Tesla have done so far; its stock price “is already highly correlated with bitcoin even though we don’t hold it financially”; if Robinhood were to hold Bitcoin for investment purposes it could potentially “complicate” investors' perception of the company making them possibly view it as a “Bitcoin-like holder company”.
- 23:36Overview of Key Overnight Developments on December 2421:00-7:00 Keywords: Usual, IBIT, MicroStrategy, xAI 1. Usual completed a $10 million Series A funding round; 2. The US Internal Revenue Service stated in a lawsuit that crypto staking should be taxed; 3. BlackRock's IBIT deposited 828 BTC to Coinbase 1 hour ago; 4. xAI: a16z and BlackRock participated in the company's $6 billion financing; 5. MicroStrategy acquired 5,262 BTC for approximately $561 million; 6. Robinhood CEO: The company has internally discussed the issue of establishing a Bitcoin reserve; 7. MicroStrategy sold 1.3178 million shares last week, with $7.08 billion worth of shares still available for issuance and sale.
