🌍 Top Headlines This Week

Exciting news! Saudi Arabia, Iran, UAE, Argentina, Egypt, and Ethiopia are all set to join BRICS on January 1st, 2024.

BRICS has made a significant move by officially abandoning the US Dollar for trade settlements.

Shocking development! A Chinese government official has been sentenced to life in prison for operating an illegal #Bitcoin mining enterprise.

Legal battles continue! The US Government has filed a lawsuit against Elon Musk's SpaceX.

US Presidential Candidate RFK Jr. voices a bold stance, stating that Bitcoin is an exercise and guarantee of civil liberties.

#coinbase makes a strategic move by acquiring a stake in USDC stablecoin issuer Circle.

Legal action intensifies! The US Government arrests Tornado Cash developers Roman Storm and Roman Semenov.

Stay informed with these impactful stories shaping our world!

#BTC/USDT ANALYSIS

BTC is still trading above the strong horizontal support in a narrow range. Volume is very low in the market. MACD crossover is losing bearish momentum. Concurrently, the RSI indicator indicates the presence of hidden bullish divergence.

A bounce is expected as long as it sustains its position above the horizontal support. However, it's important to consider the possibility of a sustained breakdown, which could trigger a subsequent downward movement.

While Uniswap's ETH-USDC pools are more liquid than Binance's, Binance has the edge in ETH-USDT, with more liquidity close to the mid price.

However, this is just one of Uniswap V3's ETH-USDT pools. The liquidity of all 3 pools combined would be quite similar to Binance's.

Source:KaikoData

Uniswap's largest ETH-USDC pool is more liquid than most equivalent pairs on centralized exchanges

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Adult content subscription service Onlyfans’ financial report shows that it invested part of its working capital into Ethereum. Onlyfans purchased $19.889 million worth of ETH. The purchased ETH has a Impairmnent loss of $8.455m as of November 30, 2022, with a Carrying amount of 11.434m

Source : https://find-and-update.company-information.service.gov.uk/company/10354575/filing-history

🚨Bitcoin Survived :
-Luna Crash
-FTX Bankruptcy
-3AC Hack
-Genesis,Voyager & Celsius crash
-USDC depeg
- BUSD Fud
- Binance Fud
- BNB Fud
- TSLA Selling Bitcoins
-Banking Failure
- Several Rug Pulls
- The Worst Bear Market of All time

Despite all the FUD & Negative News, #Bitcoin 's 4-Year Bull Cycle is still on track and is exactly where it is supposed to be...

Probably Nothing 📷<👀

#Chainlink Staking v0.2 is on-track to launch in Q4 this year TL;DR - Pool expansion to 45M LINK - Priority migration for v0.1 stakers - Unbonding mechanism for unstaking - Dynamic variable reward rate - Modular architecture for future upgrades

https://blog.chain.link/chainlink-staking-v0-2-overview/

CoinMarketCap - Celebrating CMC's 10 Year Anniversary https://wn.nr/NH5qJBT

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🧭 Index Value : 39
😱 Sentiment : Fear
💰 BTC Price : $26124

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JUST IN: GRAYSCALE WINS LAWSUIT AGAINST SEC

LTH supply at ATH, we can also see that STH supply remains at multi-year lows. However, the chart below overlays the proportion of STH supply which is held at an unrealized loss.

Note how sharp upticks in STH Supply in Loss tend to follow 'top heavy markets' such as May 2021, Dec 2021, and again this week. Out of the 2.56M BTC held by STHs, only 300k BTC (11.7%) is still in profit.