News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
Although on-chain metrics show overheated signals, the significant downside risk is limited due to institutional buying pressure outweighing retail buying pressure. A pullback may occur in the short term, but the likelihood of a trend reversal is low.
DDC Enterprise Limited announced today that it has completed its fourth Bitcoin purchase in August, acquiring an additional 200 BTC. With this purchase, the company's total holdings have reached 888 BTC, representing a growth of over double since the beginning of the month, when it held 368 BTC.
The US GENIUS Act gives stablecoins clear rules, setting the stage for explosive growth, new web3 apps, and rising venture capital interest.
Stellar’s price action looks fragile despite market rallies. With social dominance falling and a bearish crossover nearing, XLM risks deeper losses if support fails.
Share link:In this post: U.S. futures fell after Friday’s rally as markets await Nvidia’s earnings. Bitcoin and Ether erased weekend gains after Powell’s rate cut hint triggered massive liquidations. Asian stocks surged, led by tech in Hong Kong and Taiwan, while Europe slipped.
Share link:In this post: Five large UK data center projects have asked National Gas about connecting directly to its transmission pipelines to build on-site gas power stations. The projects would need about 2.5GW of capacity in total. Developers in the US are increasingly using gas-fired turbines as a stopgap before securing grid connections as AI-driven demand strains global power supply.
Share link:In this post: The Indian government, through its Statistics Ministry, has disclosed plans to integrate Amazon and Flipkart price data into its inflation gauge starting early next year. A HCES (Household Consumption Expenditure Survey) poll revealed that e-commerce is growing in popularity among households. The RBI recently reported that the FIT (Flexible Inflation Targeting) framework had performed well and met the country’s needs since its introduction.
Share link:In this post: Media companies are preparing for how to deal with a possible “Google Zero” situation. Enders says half of media companies saw a drop in traffic in the last year. Google’s total organic clicks from Search have held steady over the past year.
What RWA truly needs is a predictable, measurable, and settleable liquidity highway.
- 10:07Pump.fun’s protocol revenue surpassed Hyperliquid in the past 24 hoursAccording to Jinse Finance, data from Defillama shows that Pump.fun generated $1.09 million in revenue over the past 24 hours, surpassing Hyperliquid's $896,000 revenue in the same period, and ranking only behind Tether ($23.65 million) and Circle ($8.15 million).
- 09:53CME data center operator admits to operational violations, causing last week's trading interruptionBlockBeats News, December 7, last Friday, multiple markets under CME Group—the world’s second largest derivatives exchange—experienced trading interruptions for over 10 hours due to a data center outage. Data center operator CyrusOne confirmed this Saturday that the major disruption was caused by human error. A CyrusOne spokesperson stated that on-site staff and contractors at the Aurora, Illinois data center failed to follow standard procedures to drain the cooling towers before freezing weather, resulting in the cooling system freezing and operating under excessive pressure, which led to loss of temperature control in the equipment. Although CyrusOne claimed to have taken comprehensive and decisive measures to restore the cooling system, CME pointed out in a statement that the initial remedial actions at the data center actually worsened the problem, ultimately causing multiple chillers to fail. This incident highlights the significant risk of CME’s heavy reliance on a single data center. The facility was originally owned by CME and was sold to CyrusOne in 2016, with a 15-year leaseback agreement. CME stated this Saturday: it fully recognizes the serious impact this incident has had on global clients. (Golden Ten Data)
- 09:53Two Casascius physical coins dormant for 13 years suddenly moved, with 2,000 BTC transferredBlockBeats News, December 7, according to CoinDesk, a wallet address associated with Casascius physical bitcoin, which had been dormant for over 13 years, recently transferred 2,000 BTC (approximately $180 million). These BTC had not moved since 2011–2012, when the price of bitcoin was less than $15 each. Background on Casascius physical coins: Launched in 2011 by American entrepreneur Mike Caldwell, these coins embed a private key and are sealed with a tamper-evident hologram, serving as offline cold storage. Denominations range from 1 BTC to 1,000 BTC. In 2013, issuance was forced to stop after FinCEN classified it as an “unregistered money transmission business.”There are still about 90,000 coins in circulation, but most are of small denominations; only 6 coins and 16 bars contain 1,000 BTC each. It is currently unclear whether this transfer was a sale, an internal restructuring, or simply for security reasons (such as concerns over the aging of physical materials). Earlier this year, a user holding a 100 BTC Casascius bar also had to move approximately $9 million in funds to a hardware wallet because it was difficult to import the private key into modern wallets.