Crypto Snapshot: Latest News and Trends
By SYGNAL
📈 Market News:
- Bitcoin ($BTC) briefly dipped below $100K, triggering $1B in liquidations. Ethereum ($ETH), XRP ($XRP), and Cardano ($ADA) saw minor declines, while Solana ($SOL) gained momentum due to pro-crypto moves in the U.S. administration. (CryptoCodex)
💸 Money Flow & Liquidations:
- Crypto funds saw a record $11B in inflows in November, driven by strong institutional investments in leveraged ETFs. (CNBC)
🗣️ Crypto Influencers:
- Elon Musk is rumored to influence the U.S. government’s consideration of a Bitcoin ($BTC) reserve, boosting market optimism. (Forbes)
🌐 Adoption and Usage:
- Optimism grows around U.S. policies, including a national Bitcoin ($BTC) reserve, crypto tax exemptions, and expanded IPOs in the crypto sector. (CNBC)
📜 Regulatory News:
- President-elect Donald Trump named David Sacks as AI and Crypto Czar, advocating for light-touch regulations to enhance U.S. crypto leadership. (CryptoCodex)
🛠️ Technological Updates:
- Pudgy Penguins announced a Solana-based cryptocurrency, "Pengu," expanding its brand beyond NFTs. (Forbes)