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🌙 Bitcoin Nears $100,000 as Whales Snap Up $1.5B

Large Bitcoin holders, known as whales, capitalized on the recent market dip as Bitcoin declined to the $90,000 level, accumulating roughly $1.5 billion in BTC.

Author

Mike Gavela
November 29, 2024

In partnership with

Crypto Roundup - November 29

Bitcoin is on the brink of reaching the $100,000 milestone, driven by strong market activity, with whales purchasing $1.5 billion worth of the cryptocurrency in recent weeks. This surge reflects growing confidence in Bitcoin as a long-term asset, even amidst market volatility. Meanwhile, Hyperliquid has disrupted the decentralized exchange space with the launch of its HYPE token, airdropping 31% of its supply and reaching a staggering $1.7 billion market cap without venture capital backing. At the same time, Coinbase is navigating regulatory shifts in Europe, halting USDC rewards as it adapts to the EU’s upcoming Markets in Crypto-Assets (MiCA) framework, highlighting the mounting influence of regulations on the crypto industry.

Top Stories

  • Bitcoin nears $100,000 as major investors acquire $1.5 billion worth of the cryptocurrency, signaling strong market confidence.

  • Hyperliquid launches HYPE token, airdropping 31% of its supply and achieving a $1.7 billion market cap on the first day, without venture capital backing.

  • Coinbase to delist non-compliant stablecoins in the European Economic Area by, in response to the EU's Markets in Crypto-Assets (MiCA) regulation.

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TOP STORIES

Bitcoin Nears $100,000 as Whales Snap Up $1.5 Billion - "The Defiant"

Google search interest for "Bitcoin" stands at 54, far below its peak of 100 in December 2017 during the historic bull run.

thedefiant.io/news/markets/bitcoin-nears-usd100-000-as-whales-snap-up-usd1-5-billion

Hyperliquid’s HYPE airdrop breaks the mold

With 31% of its token supply airdropped and no venture backing, Hyperliquid’s HYPE token launch secured a $1.7 billion market cap on day one.

blockworks.co/news/hyperliquid-hype-airdrop

Coinbase Ends USDC Rewards in Europe as MiCA Deadline Looms - Decrypt

The crypto exchange will end its USDC yield program for EEA customers on December 1, citing the EU’s upcoming stablecoin regulations.

decrypt.co/294033/coinbase-ends-usdc-rewards-in-europe-as-mica-deadline-looms

FUNDRAISING

OTHER HEADLINES

How MicroStrategy’s Bitcoin gamble will ‘make it challenging’ to enter the Nasdaq-100

Bitcoin boosted MicroStrategy’s valuation, but its classification could determine its Nasdaq-100 fate.

www.dlnews.com/articles/markets/will-microstrategy-enter-the-nasdaq-100-despite-bitcoin-hurdle

North Korean hackers impersonate tech professionals to steal billions in crypto

North Korean IT operatives use sophisticated AI and malware tactics to fund state nuclear arsenal and evade sanctions.

cryptoslate.com/north-korean-hackers-impersonate-tech-professionals-to-steal-billions-in-crypto

Pump.fun took 33% hit to revenue after memecoin site stopped livestreaming

Daily revenue decreased on the platform in its largest one-day swing since March.

www.dlnews.com/articles/snapshot/pumpfun-took-33-hit-to-revenue-after-memecoin-site-stopped-livestreaming

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