Overnight, BTC gained momentum again and reached $100,000. Some netizens found that the top 50 altcoins and meme coins that hit new highs in the last bull market, i.e. 2021-2022, did not outperform BTC in terms of market capitalization.

According to Odaily, Digital Currency Group (DCG) has announced the division of its Foundry mining operations into two separate entities: Fortitude Mining and Foundry. Fortitude Mining will take over Foundry's previous self-mining activities and physical infrastructure, while Foundry will continue to manage its mining pool operations and other Bitcoin mining services. This strategic move is part of DCG's efforts to realign its business for future growth. In a letter to shareholders, DCG expressed confidence that Fortitude, as an independent entity, will be stronger and more effective. Consequently, Fortitude will become a wholly-owned subsidiary of DCG. To ensure a smooth transition, DCG plans to integrate some of Foundry's leadership into the new subsidiary. Additionally, DCG intends to recruit external employees to provide further support and raise funds. Fortitude has already begun requesting invoices from hosting service providers for the new entity, a process that has been ongoing for at least a month. Previously, it was reported that Foundry, the world's largest Bitcoin mining pool, underwent a restructuring process that resulted in a 27% reduction in its workforce. This downsizing affected 16% of Foundry's employees in the United States and some team members in India.

Currently, natural gas is in high demand from Bitcoin miners and AI data center operators. Mohamed El-Masri, managing partner of Hodler Investments and CEO of PermianChain, a tokenized energy trading platform, believes that recovering energy from natural gas combustion could be a $16 billion business opportunity. He said that most of the current demand for natural gas can be met by converting natural gas (a stranded energy) produced by natural gas combustion into convertible energy for mining operations and high-performance computing. El-Masri said: "The world burns 147,000,000,000 cubic meters of natural gas each year, and if this natural gas is sold to the market, the potential sales revenue or cash flow could be equivalent to $16 billion per year." El-Masri explained: "It turns out that the valuation of natural gas for Bitcoin mining or the equivalent price per MCF or MMBtu is 12 times higher than any metric used by countries." Converting idle energy into financial assets highlights the power of crypto mining and RWA tokenization in promoting sustainable development. (Cointelegraph)

According to official news, Megabit officially launched the RAY/USDT perpetual contract at 20:00 (UTC+8) on December 12, supporting a maximum leverage of 75 times.

Crypto venture capital firm Digital Currency Group (DCG) has decided to split its Foundry mining business into two independent entities, Fortitude Mining and Foundry. Fortitude Mining will house Foundry's previous self-mining business and physical infrastructure. On the other hand, Foundry will maintain its mining pool operations and other Bitcoin mining service business lines. DCG pointed out in a shareholder letter that it is adjusting its business to accommodate future growth. The letter reads: "We believe (Fortitude) will be stronger as an independent business, so we will spin it off as a wholly-owned subsidiary of DCG." To make the transition smoother, DCG will bring some of Foundry's leadership into the new subsidiary. In order to obtain further support and raise funds, DCG plans to recruit other employees from outside. Fortitude has asked hosting providers to invoice the new entity, which has lasted for at least a month. (Blockspace) Earlier, people familiar with the matter revealed that Foundry, the world's largest Bitcoin mining pool, laid off 27% of its employees during the planned restructuring, involving 16% of Foundry's employees in the United States and some teams in India.

According to CoinGecko data, ai16z's market value surpassed TURBO and ranked first in the AI ​​Meme sector. The price of ai16z is currently $0.821, with a 24-hour increase of 10.4%, and a market value of over $900 million.

Decentralized stablecoin protocol Frax Finance announced that it is working with its affiliated project IQ to develop an AI technology stack. The "AIVM" technology stack is a parallel blockchain developed within the project's Layre2 rollup protocol Fraxtal, which uses a new proof-of-reasoning consensus system. The proof-of-reasoning mechanism uses artificial intelligence and machine learning models to verify transactions on the blockchain network. Frax claims that the AI ​​technology stack will enable AI agents to be fully autonomous, with no single point of control, and ultimately help AI and blockchain work more seamlessly. The upcoming technology stack is part of Frax's new Frax Universal Interface (FUI) as part of its 2025 Vision Roadmap, which includes a strategy to become a decentralized central bank for cryptocurrencies. Other updates to the roadmap include rebranding its FRAX stablecoin and upgrading its network through a hard fork. (The Block)

Public data from the BTSE AutoTrader (smart copy trading) website shows that since its launch on November 26, the platform has accumulated a total profit of up to 205,188 USDT for users. AutoTrader is an AI-driven strategy trading product created by BTSE, a leading blockchain technology company, specifically for ordinary traders. It updates 3,000+ trading strategies in real time every day for users to copy for free. Each strategy is strictly backtested and screened by a professional quantitative team, and combined with AI smart drive, it only takes 1 USDT to easily copy orders. To celebrate AutoTrader's cumulative profit of more than 200,000 USDT for users, BTSE launched a new airdrop event, and newly registered users can receive rewards worth up to 315 USDT.

Arbitrum Foundation and Ubisoft announced that the Web3 shooter Captain Laserhawk: The GAME will be released on December 18. The game is set in the Ubisoft game world, with characters from games such as Far Cry: Blood Dragon, Rayman, Assassin's Creed, Beyond Good and Evil, The Crew, Rainbow Six, Splinter Cell, and Watch Dogs. Captain Laserhawk's gameplay combines classic top-down shooter mechanics with competitive leaderboards and Web3 features. Storywise, it is a media spinoff of the 2023 Netflix show Captain Laserhawk: A Blood Dragon Remix and one of a series of games from Ubisoft exploring Web3, blockchain, and NFTs. (Cointelegraph)

You could call it a golden cross. The last time the Bitcoin to Gold ratio hit this metric, Bitcoin's price rallied for more than a year. It just happened again. source: https://cryptopotato.com/peter-brandt-bitcoin-to-gold-ratio-hits-bullish-inflection-point/

Crypto custody company Casa launches "Praetorian" self-custody option designed for countries, helping sovereign countries to safely manage Bitcoin reserves. The new service will provide security for sovereign countries through Casa's multi-signature cryptographic vaults. Each vault is located in a different jurisdiction and uses strong encryption standards to ensure security. The service also allows authorization between executives. According to Casa, whether Casa continues to operate as a company or not, its security and autonomy will be maintained, and funds will remain safe even if the company ceases to exist. (Cointelegraph)

People frequently search for general concepts like “crypto,” “blockchain,” and “token.” Unsurprisingly, the volume of searches for these keywords is directly proportional to the upward movement of the market.

Google introduced Gemini 2.0, its most advanced multimodal AI, designed for versatile tasks with unmatched capability. Wider access is planned for next year, marking a leap in AI innovation.

A Florida mother sued Character.AI, claiming its chatbot encouraged her son's suicide, sparking broader concerns. Two Texas families have now filed lawsuits, alleging the app harmed their children through psychological abuse and exposure to sexualised content.

Tesla and SpaceX boss Elon Musk's net worth has officially exceeded $400 billion, setting a new record for the world's richest person according to the Bloomberg report.

Google has several experimental AI assistant projects that do different things, like helping users play video games and conduct in-depth research.

Crypto phishing scams are growing more advanced, using social engineering and malware to exploit social media users. Scam Sniffer reports attackers impersonate crypto influencers and use bots to mimic verification, raising the pressing question: Are scams evolving faster than we can fight them?

Once primarily used for cryptocurrency trading, stablecoins have now become versatile tools for everyday use cases, providing broad utility to the crypto-native ecosystem and TradFi.

Circle and Binance have revealed their strategic partnership during Abu Dhabi Finance Week to promote USDC, a stablecoin jointly owned by Circle and Coinbase.

Riot Platforms completes $525 million note issuance, fully increasing BTC acquisition Golden Finance, these notes are privately issued to institutional investors