According to Cointelegraph, Brazil is contemplating a ban on stablecoin transfers to self-custodial wallets, coinciding with the Brazilian real reaching unprecedented lows against the US dollar. On November 29, Banco Central do Brasil (BCB) proposed a regulation to prohibit the transfer of stablecoins, such as Tether’s USDt (USDT), to self-custodial wallets like MetaMask. This proposal is part of a draft regulation open for public consultation until February 28, 2025. The proposal explicitly states that virtual asset service providers are forbidden from transferring virtual assets denominated in foreign currency to self-custodial portfolios. This move aligns with Brazil's broader strategy to enhance oversight of the foreign exchange market and regulate Brazilian capital abroad. The BCB aims to amend existing 2022 resolutions concerning virtual asset service providers (VASPs) in the foreign exchange market. The central bank's proposal seeks to expand the scope of the foreign exchange market to include activities such as crypto payments, sales, custody, and transactions in foreign currency. Under this proposal, VASPs would be required to provide the BCB with detailed information, including client verification and transfer values. The rationale behind the focus on self-custodial wallets is that, unlike centralized exchanges, these wallets do not require user information for transactions, offering full ownership and accountability of assets. While some advocates of self-custody argue that regulators can limit the use of self-custodial wallets, they cannot completely ban them. The BCB's proposal comes amid a significant depreciation of the Brazilian real against the US dollar, with the real losing at least 23% of its value since January 1, reaching an all-time low of 6.09 reals per dollar on November 29. The cryptocurrency community has linked Brazil's proposal to restrict stablecoin transactions to the declining value of the real. Some voices in the community, like Area Bitcoin co-founder Carol Souza, have suggested that the government is attempting to limit financial exits as the real collapses. Brazil is a significant market for stablecoins, with the local community increasingly using them to hedge against the real's depreciation. According to Chainalysis, Brazil was the second-largest market globally for stablecoin transactions last year, with stablecoin volumes accounting for 59.8% of its entire crypto market. In the past year, Brazil saw $90 billion in crypto inflows, trailing Argentina by just $1 billion.

Analysts said that due to profit-taking and heavy selling, Bitcoin prices have been hindered from rising. BRN analyst Valentin Fournier emphasized that Bitcoin faces major obstacles to breaking through $100,000. He believes that despite strong market catalysts and growing investor confidence, Bitcoin is still struggling to break through the psychological price barrier of $100,000. Profit-taking is obvious, and it will take more than 4,000 Bitcoins (worth about $384 million) to clear the selling barrier to achieve higher price levels. (TheBlock)

According to The Data Nerd's monitoring, 15 minutes ago, it was suspected that DWF Labs transferred 6 million USDT to Bybit.

Crypto asset innovation laboratory SuperFi Labs announced the completion of a $2.5 million financing round, led by Linklogis, a listed company in supply chain fintech, and participated by SNZ, Taiko, ByteTrade, etc. Previously, Generative Ventures, as an early investor, invested in its angel round. The new funds will be used for product research and development, market expansion and team building, and promote the launch of RWA products on the asset side and Defi products on the capital side.

The post Breaking: MARA Holdings Announces Raising $805M More To Buy BTC appeared first on Coinpedia Fintech News In the latest announcement, Marathon Digital has revealed its plans to offer $700 million in convertible senior notes due 2031 in a private offering, subject to market conditions and other factors. MARA also expects to grant to the initial purchasers of the notes an option to... source: https://coinpedia.org/news/breaking-mara-holdings-announces-raising-805m-more-to-buy-btc/

CryptoQuant CEO Ki Young Ju says altseason is no longer determined by a capital rotation from Bitcoin but by a surge in altcoin trading volume for stablecoin pairs. source: https://cointelegraph.com/news/altcoin-season-no-longer-driven-bitcoin-rotation-analyst?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

عملة BRETT هي إحدى العملات الرقمية الميمية التي لم يلفت الأنظار إليها ولكنها لا تزال تحقق نجاحًا كبيرًا في عام 2024. وقد بدأت في شهر ديسمبر على ارتفاع، مما يشير إلى المزيد من الارتفاع المحتمل هذا الشهر. والأهم من ذلك، تُحرز العُملة تقدمًا بالفعل في سعيها لتصبح واحدة من أفضل العُملات من حيث القيمة السوقية. […] The post BRETT Crypto Eyes Top 50: السعر يبدأ شهر ديسمبر مع ATH جديد appeared first... source: https://www.thecoinrepublic.com/ar/2024/12/02/brett-crypto-eyes-top-50-%d8%a7%d9%84%d8%b3%d8%b9%d8%b1-%d9%8a%d8%a8%d8%af%d8%a3-%d8%b4%d9%87%d8%b1-%d8%af%d9%8a%d8%b3%d9%85%d8%a8%d8%b1-%d9%85%d8%b9-ath-%d8%ac%d8%af%d9%8a%d8%af/

BRETT crypto is one of the memecoins that have flown under the radar but still achieved significant success in 2024. It has started off December on a bullish leg that points to more potential upside this month. More importantly, the coin is already making progress in its bid to become one of the top coins […] The post BRETT Crypto Eyes Top 50: Price Kicks off December with new ATH appeared... source: https://www.thecoinrepublic.com/2024/12/02/brett-crypto-eyes-top-50-price-kicks-off-december-with-new-ath/

Sora Ventures has launched a $150 million fund to drive Bitcoin-centric financial strategies for listed companies across Asia, with strategies tailored to each country’s regulatory and market environment. The fund aims to replicate MicroStrategy’s model, using Bitcoin as the primary reserve asset to optimize financial strategies and enhance shareholder value. According to the announcement, the fund will target companies listed on major stock exchanges in Japan, Hong Kong, Thailand, Taiwan, and South Korea. The first successful case of this strategy is Tokyo Stock Exchange-listed Metaplanet, which partnered with Sora Ventures to implement the MicroStrategy model. (CryptoSlate)

null source: https://x.com/Bitcoinsensus/status/1863562236633174439

A true paradigm revolution is by no means a pilgrimage of return as a convert to the old order, but a firm exploration of the new world beyond experience as a rebel.

With the bull market in hand, 2024 is an exciting year for Layer 1 (L1) blockchain.

Recommended readings tonight: 1. Can XRP still be bought after a 400% increase in a single month? 2. The risk of a dollar collapse is increasing. Is BTC, standing at a fiscal crossroads, a savior? 3. Ripple and XRP: Encryption policy drive and decentralization challenges;

For stablecoins pegged to the US dollar like USDC, MiCA stipulates that their issuers must obtain an Electronic Money Institution (EMI) license and ensure that the reserves of the stablecoin match its circulation.

BTC, Trump, Will the controversial "establishment of a BTC national reserve" become a reality? Golden Finance, A huge policy shift is about to take place at the regulatory level

AI-powered virtual pets are gaining popularity in China, driven by the demand for emotional support and low-maintenance companionship. These pets, like Cupboo and Moflin, offer interactive experiences with advanced AI that can remember past interactions, engage in conversations, and even assist with tasks, appealing to a wide range of consumers.

The meme market is booming, and a large number of stories about wealth survivor bias are flooding different channels. Pump.Fun is a microcosm of this "battle for attention".

This article will divide the current development of Web3 into three stages from the perspective of "core elements", revealing the core elements of each stage as the driving force, and how their innovation, iteration and integration drive the evolution of Web3.

Malaysian music group KRU returns after a six-year break with their new single, "Voodoo," and a AI-generated music video. The band blends nostalgia and innovation, showcasing their growth while using AI to create digital versions of themselves for the video.

Money markets in traditional finance provide short-term borrowing and lending opportunities, typically for low-risk, liquid assets, aiming to provide a safe but highest possible yield.