🚨 Traders See Even More Bitcoin Buying Pressure as BTC Sets New Record at $103K

Spot BTC ETFs in the U.S. saw $533 million in net inflows on Wednesday, with BlackRock's IBIT crossing $50 billion in net assets for the first time. Bitcoin has gained 50% in the past 30 days due to increased institutional demand, rising ETF inflows, improved sentiment, and optimism around the upcoming U.S. presidency. Traders expect the bullish momentum to continue, as Bitcoin's small market cap compared to other assets could attract more institutional investment.

However, some analysts warn of a potential market top and price correction to around $90,000. Bitcoin's surge past $100,000 represents a pivotal moment for the cryptocurrency industry, with a favorable regulatory environment in the U.S. likely to drive further institutional adoption.

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🪙 Mt. Gox Moves $2.8B in BTC Amid Bitcoin's Surge Past $100K

Mt. Gox moved a large amount of Bitcoin (BTC), worth around $2.8 billion, to an unknown address early on Thursday. This comes just three weeks after the exchange transferred 2,500 BTC to another unknown address. The exchange still holds over $4 billion worth of BTC.

These on-chain movements are likely related to creditor reimbursements, which were a significant source of bearish pressure on the cryptocurrency market this summer. The Mt. Gox trustee has postponed the deadline for creditor repayments by one year to October 31, 2025.

Despite these developments, Bitcoin's price has remained steady, trading above $103,000 at the time of writing. The movement of these large sums of BTC from the defunct Mt. Gox exchange has raised concerns and grabbed attention on cryptocurrency social media.

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President-elect Donald Trump congratulates Bitcoin investors on hitting $100,000.

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The German government's decision to sell 50,000 Bitcoin at $54,000 resulted in a $2.4 billion loss in potential profits.

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💎 Bitcoin Crashed Below $94K in Sudden Plunge From Record Perch Around $100K

Bitcoin (BTC) recently surged to an all-time high near $100,000 but sharply dropped below $94,000 late Thursday. This decline occurred without any clear reason, with prices falling to approximately $93,468.34 according to CoinDesk Indices, and around $90,500 on Binance and $92,000 on Coinbase.

Interestingly, this drop did not affect other cryptocurrencies, which remained stable. Bitcoin later rebounded to above $96,000.

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👾 Everyone Wants a Piece of the Bitcoin Pie, Now the AI Bots Are Coming for It Too

AI-focused Ethereum layer-2 blockchain Mode is the latest network to bridge to Bitcoin (BTC) to tap into its substantial liquidity, as Bitcoin consistently represents over 50% of the total cryptocurrency market cap. With Bitcoin dominance reaching over 60% during the current bull market, projects on other networks are seeking ways to access this liquidity.

Mode has partnered with the rollup protocol BitcoinOS (BOS) to provide AI agents on its network with permissionless access to Bitcoin. BOS has previously implemented a similar integration with Cardano, activating its Grail bridge to facilitate BTC transfers using zero-knowledge (ZK) technology, which allows secure asset transfers without revealing additional information. Mode aims to enhance decentralized finance (DeFi) applications through on-chain AI-powered agents.

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Ethereum $ETH hits $4,000 for the first time since March

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President-elect Trump has stated that his new crypto Czar, David Sacks, will "develop a legal framework to provide the clarity the crypto industry has been seeking."

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💰 BTC in last 24 hours.

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Michael Saylor has stated his intention to continue raising billions in low-cost capital until MicroStrategy owns a minimum of $3 trillion in Bitcoin and achieves a market cap of $10 trillion.

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❕ Did Hawk Tuah Crypto Debacle Eclipse Bitcoin's $100K Moment?

Bitcoin recently hit a significant milestone, reaching a value of $100,000, which excited many in the crypto community. However, people showed more interest in the newly launched Hawk Tuah coin

Hawk Tuah coin, associated with celebrity Haliey Welch, saw its market cap soar to nearly $500 million shortly after launch, only to plummet below $100 million due to allegations of insider trading and price manipulation.

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U.S. Treasury says Bitcoin's primary use case is "digital gold"

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🚨 DYdX Surges 30% as Trump Names David Sacks as 'AI and Crypto Czar'

President-elect Donald Trump has appointed David Sacks as the White House's AI and Crypto Czar, announcing the decision in a post on TruthSocial. Sacks will guide policies in artificial intelligence and cryptocurrency, aiming to establish the U.S. as a global leader in these fields. He is a limited partner at MultiCoin Capital and co-founder of Craft Ventures, which has invested in companies like BitGo and Bitwise.

Following the announcement, the dYdX token surged over 30%, reflecting Sacks' influence as an early investor in the decentralized exchange. Trump emphasized that Sacks will also focus on protecting free speech online and developing a legal framework to provide clarity for the cryptocurrency industry.

Sacks, a former COO of PayPal and a member of the "PayPal Mafia," joins the administration as Trump also named former SEC Commissioner Paul Atkins to lead the securities regulator. Atkins is involved with The Digital Chamber, an industry lobbying group.

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🔻 Top NFT Brand Pudgy Penguins to Release PENGU Token

Pudgy Penguins, a prominent NFT collection launched three years ago featuring 8,888 colorful bird NFTs, is entering the cryptocurrency space with the upcoming release of a token called PENGU on the Solana blockchain. Of the 88 billion PENGU tokens, 23.5% will be reserved for NFT owners, 22.02% for the Solana and Ethereum communities, and 12.32% for liquidity on decentralized exchanges.

The team stated that the PENGU token allows Pudgy Penguin fans to engage more deeply with the brand. Despite the NFT market's downturn, Pudgy Penguins has remained culturally relevant, leveraging significant social media presence with over 3 million followers and 32 billion views on Giphy. The brand also promotes "Pudgy Kindness," a TikTok initiative focused on spreading positivity, which recently surpassed 1 million followers.

Additionally, Pudgy's parent company, Igloo, launched a successful toy line based on the NFTs, selling over $10 million in collectibles through major retailers. As of now, Pudgy Penguins is the third-largest NFT collection by market capitalization, valued at $550 million, trailing only CryptoPunks and Bored Apes Yacht Club. Each penguin in the collection is uniquely hand-drawn, showcasing distinct traits.

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🚨 Memecoin Factory Pump.Fun Bans U.K. Crypto Traders

Solana's memecoin platform Pump .fun has blocked access to U.K. crypto traders, citing "laws and regulations" after the Financial Conduct Authority (FCA) warned that the platform might be offering financial services without permission. This geoblock was implemented three days after the FCA's warning. Since its launch earlier this year, Pump .fun has become a leading launchpad for memecoins on the Solana blockchain, generating over $250 million for its founders and spawning successful tokens like PNUT and WIF.

In response to the ban, memecoin traders began creating joke cryptocurrencies to mock the situation, though none had gained traction at the time of reporting.

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💎 Amazon Shareholders Push for Minimum 5% Bitcoin Allocation

Amazon shareholders are advocating for the company to diversify its reserves by investing in bitcoin (BTC) to combat inflation and enhance shareholder value. A proposal from the National Center for Public Policy Research (NCPPR) argues that while bitcoin is volatile, including it in Amazon's balance sheet could help maximize long-term shareholder returns without excessive risk. The proposal suggests that Amazon should consider holding at least 5% of its assets in bitcoin.

Bitcoin has experienced significant growth, rising 134% this year and surpassing the $100,000 mark, outperforming traditional assets like gold and the S&P 500. In contrast, MicroStrategy, a major bitcoin holder, has seen its shares increase by over 500%. The proposal cites MicroStrategy's success and the adoption of bitcoin by companies like Tesla and Block, emphasizing Amazon's fiduciary duty to look beyond short-term asset volatility.

As of the end of the third quarter, Amazon's total assets stood at $585 billion, with $88 billion in cash and marketable securities. The NCPPR argues that this asset mix does not sufficiently protect shareholder value. A similar proposal was recently submitted by Microsoft shareholders, who are set to vote on the matter on December 10.

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🚨 U.S. Regulator Told Banks to Avoid Crypto, Letters Obtained by Coinbase Reveal

In 2022, the Federal Deposit Insurance Corp. (FDIC) halted or prevented numerous U.S. banks from engaging in crypto banking activities, as revealed by internal communications obtained through a lawsuit by Coinbase. The documents show that the FDIC explicitly instructed banks to pause all crypto-related activities until further notice, citing the need for compliance clarity.

Coinbase's Chief Legal Officer, Paul Grewal, argued that these letters provide concrete evidence of a systematic effort by the FDIC to restrict banking services for the legal crypto industry. He emphasized that the letters confirm the existence of a coordinated plan to deny these services, countering claims that it was merely conspiracy or speculation.

The FDIC communications indicated uncertainty about the regulatory requirements needed to approve crypto activities, leaving banks in limbo. Although the FDIC, along with the Federal Reserve and the Office of the Comptroller of the Currency, has issued broad cautionary guidelines regarding crypto, no formal regulations have been established.

The FDIC did not comment on the release of these letters. Grewal plans to seek the removal of redactions to clarify the institutions involved and their proposed services. This issue has been referred to as "Operation Chokepoint 2.0," reminiscent of a previous government initiative targeting controversial businesses. The topic emerged in a recent congressional hearing, where crypto leaders expressed concerns about being cut off from financial services, even as federally chartered banks like Anchorage Digital faced similar challenges.

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Iran to embrace digital assets like Bitcoin with regulatory framework instead of banning them, says Minister of Economic Affairs

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🚨 Elon Musk Made a New Post About This Memecoin, The Price Started to Rise!

A new post came from Tesla CEO Elon Musk, who has influenced the market and the relevant cryptocurrency with his posts and statements. At this point, Elon Musk shared the image of the popular memecoin PEPE

Elon Musk, known for his support of Dogecoin (DOGE), shared a quote and an image about PEPE on X, which includes the phrase “Make a funny Pepe meme about making Pepe memes.” After this sharing, the PEPE price moved upwards.

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