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Bitcoin needs just a 1.26% move to liquidate $3B in shorts, setting the stage for a major short squeeze.Bitcoin on the Brink of Massive Short SqueezeWhat’s Behind the $3B in Shorts?What Traders Should Expect Next
Vanguard may launch crypto ETFs, including Bitcoin, signaling a major shift in traditional finance's view on digital assets.TradFi Titan Vanguard Eyes Crypto ETF LaunchWhy Vanguard’s Move MattersWill This Push Other TradFi Giants Further Into Crypto?
PUSD is designed to reduce reliance on USDT and USDC. It would enable on-chain payments, savings, and borrowing while strengthening Polkadot’s DeFi ecosystem.
Quick Take Summary is AI generated, newsroom reviewed. Ripple CEO Brad Garlinghouse highlighted XRP's ability to settle transactions in approximately 3 seconds, positioning it as a superior alternative to traditional financial networks. Garlinghouse stressed that XRP's long-term value is driven by its utility in solving a big problem, particularly streamlining cross-border payments and asset tokenization. Ripple is focusing on XRP to tokenize and transfer real-world assets like real estate, facilitating ef
Quick Take Summary is AI generated, newsroom reviewed. BitMine added 264,400 ETH, bringing total holdings to 2.42 million. Mid-August purchases spiked with 317,100 ETH, showing an aggressive accumulation strategy. Late August acquisition added 269,300 ETH, strengthening BitMine’s ETH treasury. The company now controls Ethereum worth approximately $9.72 billion in total. Chairman Tom Lee envisions Ethereum’s growth amid rising institutional adoption trends.References UPDATE: Bitmine added another 264K $ETH
- 23:42Canada obtains information on 2,500 Dapper Labs users in second cryptocurrency tax investigationOn December 8, according to reports, court documents obtained by the Canadian Press show that over the past three years, the Canada Revenue Agency has collected more than 100 million Canadian dollars (approximately 72 million US dollars) in taxes through cryptocurrency-related audits. However, since 2020, no criminal charges have been filed, revealing structural limitations in the country's law enforcement capabilities. The audit team of the Canada Revenue Agency has processed more than 230 files and estimates that among taxpayers using cryptocurrency platforms, 40% have either failed to declare taxes or are at high risk of non-compliance. However, the agency believes it is "unable to reliably identify taxpayers in the cryptocurrency sector and assess their income tax compliance." In addition, the report states that the Canada Revenue Agency has obtained data on 2,500 users from Dapper Labs through a court order. The agency initially sought information on Dapper's top 18,000 users, but after negotiations with the company's executives and lawyers, the final number was set at 2,500. The application submitted by the Canada Revenue Agency to the Federal Court in September was the second time the court ordered a Canadian cryptocurrency company to disclose such information, following a similar order issued to the Toronto exchange Coinsquare in 2020.
- 23:37Overview of Major Overnight Developments on December 821:00-7:00 Keywords: cbBTC, Michael Saylor, BlackRock 1. BlackRock currently holds 775,715.2 bitcoins; 2. El Salvador's current bitcoin holdings are 7,493.37; 3. U.S. Treasury Secretary Bessent: U.S. GDP growth will reach 3% this year; 4. cbBTC market cap surpasses $6.8 billions, with a circulating supply of 73,951; 5. U.S. SEC Chairman: The entire U.S. financial market may migrate on-chain within two years; 6. Michael Saylor has once again released bitcoin Tracker information and may disclose additional purchases next week; 7. K33 Research: The probability of a significant market rally is greater than another decline, and December may present a good opportunity to build positions.
- 23:30ether.fi Fund purchased 367,674.76 ETHFI over the weekend for a total price of 300,000 USDTJinse Finance reported that the ether.fi Foundation announced on X platform that during the weekend, the ether.fi Foundation purchased 367,674.76 ETHFI tokens at a total price of 300,000 USDT (Tether). Total buyback amount = 11.771993 millions USD