Cryptocurrency news digest overnight December 6, 2024
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Johny Smith
2024/12/26
4 mins read
As of the morning of December 6, 2024, the capitalization of the digital coin market dropped by 2.7% (to $3.77 trillion). It is worth noting that Bitcoin quotes lost about 4.2% and dropped to $98,200. At the same time, Ethereum rose in price by 1.1% and is trading around $3,900. Experts note the success of dYdX (DYDX), which broke into the top 100, rising in price by 28.1% per day. Additionally, Bitget Token (BGB) increased in price by 23.9% in 24 hours.
- Record inflow into Bitcoin ETF
- Ethereum ETF Sets New Highs
- Sharp movements in the market: liquidation of $1.03 billion
- Movement Network Main Beta Launch
- SEC blocks SOL-ETF
- Sol Strategies aims to list on Nasdaq
- Pudgy Penguins Launches PENGU Token
- Reshuffles in the White House
- Liquid Staked ETH support from Anchorage Digital
Record inflow into Bitcoin ETF
As of December 5, Bitcoin ETFs recorded a net inflow of $767 million, marking their 6th consecutive day of growth. The BlackRock IBIT ETF showed impressive performance. Over the past 5 days, its result amounted to $2.5 billion, including a record $771 million per day.
Ethereum ETF Sets New Highs
Ether funds raised a record $428 million on December 5th. BlackRock’s ETHA ETF was the top contributor with daily inflows of $293 million, while Fidelity FETH added another $114 million over the same period.
Sharp movements in the market: liquidation of $1.03 billion
According to Coinglass, $1.03 billion was liquidated on the crypto market over the past 24 hours, of which $740 million came from long positions. Price Bitcoin (BTC) at the moment fell to a minimum value of $89,711 on some exchanges.
Movement Network Main Beta Launch
Movement Network Foundation has launched a Beta mainnet supporting Follower and RPC nodes, as well as permissioned smart contracts, block browsers, and Genesis NFTs. On Bitget premarket, MOVE was priced at $0.62, with a full FDV valuation of $6.2 billion.
SEC blocks SOL-ETF
Fox Business reported that the SEC rejected at least 2 applications for spot ETFs based on Solana. The agency will likely not approve new crypto ETFs until the administration changes.
Sol Strategies aims to list on Nasdaq
Sol Strategies Inc., the company behind the Solana projects, has filed to list on Nasdaq. This will attract more institutional investors and expand market influence.
Pudgy Penguins Launches PENGU Token
The Pudgy Penguins community has announced the release of the PENGU token, which will be generated on the Solana blockchain in 2024. The total emission volume will be 88.88 billion tokens. The community will receive 25.9%, the development team and company – 29.28%. The rest will be used for liquidity, promotion and rewards.
Reshuffles in the White House
Donald Trump has appointed David O. Sachs as White House director of cryptocurrencies and AI. Sachs intends to develop a legal framework to provide clarity to the industry and support its development in the United States. He is the former COO of PayPal and is known for his investments in crypto projects through Craft Ventures.
Liquid Staked ETH support from Anchorage Digital
Anchorage Digital has become the first bank in the US to support Liquid Staked ETH (LsETH). Users can obtain liquidity through the platform and restake assets on EigenLayer.
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