Category: crypto

Trump’s CFTC pick Michael Selig heads for a Senate vote as the agency scraps “actual delivery” rules, approves spot crypto on futures exchanges, and tests RWA collateral. Selig aims to make the U.S. the “Crypto Capital of the World” while facing challenges with a reduced commission and pending reauthorization.

CryptoQuant’s Spot Taker CVD indicates Bitcoin buyers are gaining control in deep loss zones, suggesting spot-led accumulation and a potential end to the correction. This shift to Taker Buy Dominant mode shows aggressive market buys outweighing sells on spot exchanges, signaling a potential trend reversal if sustained spot accumulation continues.

Pi Network held its first Open Network hackathon, with Blind_Lounge winning the top spot. Other utility-focused Mainnet apps like Starmax and RUN FOR PI also placed. The Core Team emphasized the independence of these projects and warned users of potential risks when using third-party Pi apps.

Bhutan launches TER, a gold-backed token on Solana, part of a wider digital strategy including CBDC pilots and Ethereum-based digital ID. TER is fully collateralized by physical gold, distributed by DK Bank, and provides on-chain proof of reserves. Bhutan also plans to migrate its national ID to Ethereum by 2026.

ETH is seeing a rally due to whale accumulation, spot ETF inflows, and improved risk sentiment. Traders are monitoring December seasonality, Fed policy, and resistance at $4k. Ethereum has outperformed Bitcoin and other altcoins, with analysts watching for a clean break above resistance to extend the rally.

Stellar has triggered a TD Sequential ‘9’ buy signal on weekly support, indicating a potential rally similar to past occurrences. However, confirmation depends on market demand. The signal has historically led to significant price increases, but broader market support is needed for a sustained reversal. Trading data shows spikes and volume supporting this potential move.

Polkadot is trading near $2 in a long-term accumulation zone identified by Egrag Crypto since 2022. The area is seen as a structural support but does not have a confirmed bottom yet. Factors like inclusion in a Bitwise index and potential cycle-bottom dynamics support a long-term accumulation thesis. Traders are watching to see if buyers…

Galaxy Digital has opened an office in Abu Dhabi under ADGM to expand its presence in the Middle East. UAE regulators have fast-tracked approvals for major exchanges like Binance and stablecoin issuers like Ripple, Circle, and Tether. This move reflects Galaxy Digital’s strategy to deepen partnerships and meet institutional demand in the region.

Blockstream’s mobile wallet now allows trustless swaps between Lightning Network and Liquid sidechain using Boltz, enabling users to pay Lightning invoices with LBTC. Future updates will include on-chain swaps between Bitcoin, Liquid, and Lightning, as well as direct Lightning receiving on hardware wallets. Blockstream aims to enhance fast and private bitcoin payments.

A new Satoshi Nakamoto statue by artist Valentina Picozzi has been installed at the New York Stock Exchange, marking Bitcoin’s cultural rise. The statue is part of a global series symbolizing Bitcoin’s limited supply. As institutions accumulate millions of BTC, the NYSE placement reflects growing institutional adoption of the cryptocurrency.