Crypto Exchange HyperLiquid to Airdrop 310M Tokens to Early Adopters Content

Solana-Based DEX Raydium’s RAY is Still Too Hot To Handle: Godbole Content

Gitfo’s Founders Mint Billions of GFT After Binance Delists Web3 Wallet’s Token Content

Memecoins Show Coinbase’s Base Blockchain Isn’t So Centralized, Founder Says Content

Bitcoin Pumps Above $97K, Then Dumps, as Ether, XRP Surge 7% Content

White House Crypto Czar? Content

Tether to Shutter Euro Stablecoin as Key MiCA Deadline Looms Tether said it will phase out its euro stablecoin, EURT. Users will be able to redeem tokens for up until one year from now. Instead, the company will focus on backing new stablecoin ventures such as its recent investment in Quantoz and its tokenization platform Hadron.

Bitcoin Bull Market Is Far From Over, Galaxy Research Says The bitcoin bull market is not over, Galaxy Research said. Galaxy said the world’s largest cryptocurrency is expected to retest the $100K level in the near term. The report said increasing institutional adoption and the potential for the creation of bitcoin nation-state reserves mean the crypto should continue its ascent higher.

Vitalik Buterin Donated $1M in Ether to Coin Center Hours After Tornado Cash Victory Vitalik Buterin donated 30 ETH, worth just over $1 million, to Coin Center on Tuesday night. The donation came hours after a Coinbase-backed suit challenging U.S. sanctions against Tornado Cash won an appeals court victory. Coin Center is pursuing its own lawsuit against the Treasury Department’s sanctions in a different appeals court.

Should SOL be Trading at a 70% Discount to ETH? Solana was trading at 97% discount to ether’s market cap in January of 2023 – a clear market dislocation that has closed significantly over the last two years. Today the gap has closed to a 70% discount. However, solana is starting to challenge ether in terms of on-chain activity and important network usage KPIs. Which begs the question: Is the …

All Eyes on Bitcoin Bitcoin saw explosive growth immediately after the recent U.S. presidential elections, rising and retaking the spotlight from former highs of $73,000 in March. Now the question is, will bitcoin (BTC) continue its uptrend, and at what point can a sharp reversal happen? If we take a look at former BTC market cycles, which happen every four years, …

EU Approves Commissioners, Including Ones Who Will Likely Oversee Crypto Rules The European Parliament approved its new slate of commissioners on Wednesday. Commissioners Stéphane Séjourné, Maria Luís Albuquerque and Henna Virkkunen are likely to have crypto within their purview.  The EU’s markets in crypto assets legislation is going to be in full force by the end of December so more work might need to be done to ensure i…

The Protocol: Bitcoin Bridged Trustlessly to L2; Ethereum’s Blob Mob Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Marc Hochstein, CoinDesk’s deputy editor-in-chief for features, opinion and standards. IN THIS ISSUE: Ethereum’s blob mob Staking on Starknet Avalanche’s big upgrade L2 teams beam over Beam Chain Sui suffers a brief outage Bit…

XRP Rally Sees Record Profit-Taking as Ripple Labs Plans to Invest in Bitwise XRP ETF The Market Value to Realized Value (MVRV) ratio surged to 217% on Tuesday, showing overbrought market activity. High profit-taking and an MVRV ratio indicating overvaluation could lead to a market correction. Ripple plans to invest an unspecified amount in the newly rebranded Bitwise Physical XRP ETP (earlier called the ETC Group Physical XRP).

MicroStrategy Retail Investors Caught Out On the Wrong Side of MSTR Trade MicroStrategy is currently up 416%, year-to-date, but it’s down almost 40% from its all-time high, which was set on Nov. 21. MicroStrategy’s net asset value premium has dropped to 2.09. On Nov. 20, MicroStrategy saw the largest daily retail buy on record, retail investors bought nearly $100 million in the stock last week – The Kobeissi Letter.

Short-Term Bitcoin Holders Have Moved Nearly $8B Worth of BTC to Exchanges, Signaling Price Bottom: Van Straten Short-term holders have sent almost $8 billion worth of bitcoin to exchanges at a loss over the past two days. The volatility in recent bitcoin price action has seen wild record swings in profit-taking to panic selling.

Deutsche Bank Invests in Blockchain Payment Network Partior Deutsche Bank joined Partior’s Series B funding round as a strategic investor. Partior raised a total of $80 million in the round. Other investors in the blockchain-based clearing firm include JPMorgan, Jump Trading and Standard Chartered.

Line, With an Eye on Telegram’s In-App Games Success, to Launch Mini Dapps Next Year Line will roll out 30 mini dapps on its app upon launch early next year. The introduction follows a renewed interest in blockchain integrations by social media platforms after the launch of Web3 games on Telegram.

Think Ethereum’s ETH is Dead? Surging Metrics Show Otherwise Cumulative open interest in perpetual and standard futures contracts has surged to a record 6.32 million ETH, worth over $27 billion. Activity in the ether options market listed on Deribit is also picking up, with over 2 million contracts active or open at press time, the highest since late June. Data shows a bump in revenue, fees, new wallets…

Bitcoin Bulls Lose Steam, Aussie-Yen Dips, Hinting at Broad-Based Risk Aversion Ahead BTC’s rally has stalled since Friday for several reasons, including waning demand at record prices. The AUD/JPY pair has turned lower, hinting at a broad-based risk aversion amid the talk of a BOJ rate hike in December. A similar set-up in the yen rocked the global markets, including cryptocurrencies, in late July-early August this year.