ANALYSIS: Next week, five major token unlocks will occur, including Optimism (31.34 million OP), Sui (64.19 million SUI), ZetaChain (53.89 million ZETA), dYdX (8.33 million DYDX), and Ethena (12.86 million ENA).
JUST IN: a16z Crypto has joined a lawsuit against the IRS and US Treasury, challenging new broker reporting rules that they claim exceed legal authority and threaten DeFi innovation.
ANALYSIS: According to data from CoinGlass, monitoring resources indicate that the upside for Q4 exceeds 50%, nearly matching its performance for the entire year of 2023.
STUDY: In November 2024, South Korea's cryptocurrency adoption surged, adding 610,000 new investors and nearly doubling total holdings to 102.6 trillion KRW ($69 billion), as reported by the Bank of Korea, driven by optimism from pro-crypto policies.
ANALYSIS: The 2024 crypto rally has fizzled out, marked by a 64% drop in trading volume, as reported by Santiment, while Michael Saylor suggests traders take a break for the holidays.
ANALYSIS: Bitcoin dipped below $94,000; analysts, including Arthur Hayes, have warned of potential short-term corrections before reaching a new all-time high.
JUST IN: Michael Saylor shared a Bitcoin chart on X, suggesting an impending purchase by MicroStrategy, which currently holds 444,262 BTC valued at about $41.4 billion.
RECENTLY: Japan's Financial Services Agency (FSA) plans to reclassify cryptocurrencies as "financial assets" for investment purposes, according to an official document, potentially leading to a review of current crypto tax regulations.
RECENTLY: Kaspersky reports a new crypto scam where scammers post fake seed phrases on YouTube, luring thieves into multi-signature wallet traps that thwart their attempts to steal funds.
RECENTLY: Chainlink whales have accumulated $77 million in LINK amid a price correction, purchasing 3.58 million tokens, as reported by Santiment, reflecting growing confidence in the altcoin's long-term potential.
ANALYSIS: Access control vulnerabilities have caused $1.7 billion in losses across CeFi, DeFi, and gaming in 2024, accounting for 75% of total crypto-related damages, according to Hacken.
RECENTLY: Malaysia's Securities Commission has ordered Bybit to halt operations, for operating without proper registration, citing investor protection concerns.
JUST IN: Hong Kong lawmaker Wu Jie has proposed integrating Bitcoin into the city's fiscal reserves to enhance economic resilience and attract innovative businesses.
JUST IN: CryptoCom has signed a Memorandum of Understanding with Dubai Islamic Bank to develop Sharia-compliant payment solutions and explore tokenization of assets.
JUST IN: Vietnamese police halted a $1.17 million crypto scam, safeguarding 300 potential victims and uncovering the fraudulent QFS token, according to VTV.