16 years since Satoshi Nakamoto created the first Bitcoin block, followed by many ups and downs, BTC has finally reached the historic milestone of $100,000, opening a new chapter for the cryptocurrency industry.
Let's review all the crypto movements this week with Coin68 to make sure you don't miss any important news!
Fluctuations of the top cryptocurrencies compared to 7 days ago. Screenshot from Coin360 at 08:55 AM on 08/12/2024
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📄 News Highlights
Highlights 🔥
- Bitcoin reaches $100,000, setting a new historic ATH
- MicroStrategy continues to use $1.5 billion to buy more Bitcoin
- The crypto market in South Korea experiences strong fluctuations due to the controversial martial law order
- Mr. Trump chooses David Sacks as crypto and AI advisor
- Russian President Putin: "No one can ban Bitcoin"
- US Bitcoin ETFs currently hold more BTC than Satoshi Nakamoto
Big Cap 💎
- XRP reaches the highest level in 7 years, with a market capitalization surpassing SOL and USDT, XRP-based memecoins are booming
- TRX and BNB set new record highs
- Top 10 coins in 2018 vs. 2024 - Find the differences
- MEME token MOODENG price increases 80% as Coinbase considers listing
- Layer-1 XION launches mainnet and conducts token Airdrop
- Fundraising: TON (20 million USD)
DeFi and Layer 2 🦄
- Ethena USDe surpasses $5 billion in market capitalization, ENA price increases 40% in 7 days
- Layer-2 Base sets a record of over 8.8 million transactions per day thanks to the "AI fever"
Non-Fungible Tokens, GameFi, Metaverse and SocialFi 🖼 🎮🌐
- The Pudgy Penguins NFT collection issues the PENGU token
- NFT trading volume increases 55% in November 2024
- Nike closes RTFKT despite the thriving NFT market
Major Institutions 💰
- US transfers 1.92 billion USD in Bitcoin, Mt. Gox transfers 2.4 billion USD in Bitcoin to a new wallet
- a16z predicts the main trends of the crypto market in 2025
- Semler Scientific buys an additional 303 BTC, increasing its total holdings to over 1,873 BTC
- Grayscale applies to convert its Solana fund into an ETF
- MARA continues to offer $700 million in bonds to buy Bitcoin
- Sora Ventures launches a $150 million fund to support Asian companies to hold Bitcoin
- Meitu has sold the BTC and ETH it bought in 2021, realizing an 80% profit
Legal and Adoption ⚖️
- Paul Atkins is confirmed by Mr. Trump as a candidate for SEC Chairman
- Michael Saylor "shills" Bitcoin to the Microsoft board of directors
- Former Celsius CEO pleads guilty, may face up to 30 years in prison
- Czech Republic exempts from tax those who hold Bitcoin for more than 3 years
Compiled by Coin68
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