Megabit Exchange announced today that it has successfully obtained a filing with the U.S. Securities and Exchange Commission (SEC). This filing not only strengthens Megabit's global compliance status, but also is a strong commitment to the security of user assets. Megabit will continue to follow the highest standards to ensure the security and transparency of transactions and provide users with a reliable and efficient trading platform. Megabit is committed to becoming a global leader in cryptocurrency trading and creating a safe and worry-free trading environment for users.

OKX market data shows that BTC fell below 96,000 USDT and is currently trading at 95,828 USDT, with a 24-hour drop of 0.59%.

On Dec 02, 2024, 07:24 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 96,000 USDT and is now trading at 95,813.257813 USDT, with a narrowed 0.67% decrease in 24 hours.

A common topic, how should on-chain perp dex compete with other competitors, even CEX?

Cryptocurrency exchange Coinbase has withdrawn its pre-application to enter the Turkish cryptocurrency market for unknown reasons. Turkey's financial regulator recently updated the list of companies applying for liquidation, confirming that Coinbase has withdrawn its application. Earlier this year, Coinbase joined the race to participate in the operation of Turkey's cryptocurrency market. QNB Digital Assets, a branch of Turkey's QNB Bank, withdrew its application along with Coinbase, joining Finceptor, Koinim, Stanfex and XYZ Technology. Meanwhile, Bitfinex, Bitbns, Bitlo, OKX and Rain Software are still looking for opportunities in Turkey by applying to provide custody services. The latest changes bring the number of companies applying for liquidation in Turkey to 14, while 77 applicants are still being processed. It is worth mentioning that in October Binance announced that it would terminate its retail referral program in Turkey to comply with local regulations. Turkey has tightened cryptocurrency regulation this year. Earlier this year, the government introduced comprehensive legislation to strengthen supervision of digital asset exchanges. (Cryptonews)

According to BlockBeats, on December 2, Zhu Su, co-founder of Three Arrows Capital, shared insights on social media regarding the evolving dynamics within the cryptocurrency industry. Zhu Su highlighted a significant shift from infrastructure-led initiatives to a focus on product development. This transition marks a departure from the traditional emphasis on building foundational infrastructure to a more product-centric approach. Zhu Su noted that investing in products carries higher risks compared to infrastructure investments. However, he pointed out that this aligns more closely with the risk models familiar to Web2 investors. The shift reflects a return to a more conventional investment strategy, where the focus is on developing and enhancing products rather than solely concentrating on the underlying infrastructure. This change in focus suggests that the cryptocurrency industry is adapting to meet the expectations and investment patterns of those accustomed to the Web2 environment. By prioritizing product development, the industry aims to attract a broader range of investors who are more comfortable with the risks associated with product investments. This evolution in strategy indicates a maturing market that is increasingly aligning with established investment practices.

According to BlockBeats, on December 2, cryptocurrency analyst PlanB shared insights on X regarding Bitcoin's market trajectory over the coming years. PlanB highlighted that Bitcoin has already achieved the first two milestones outlined in his September forecast. The cryptocurrency reached $70,000 in October and nearly hit $100,000 in November, closing at $99,800. This marked the creation of the largest monthly candle in history, valued at $26,000. PlanB further elaborated on Bitcoin's future targets, stating that the next goal is for Bitcoin to reach $150,000 by December. This prediction follows the significant gains observed in the previous months, suggesting a continued upward trend for the cryptocurrency. The analyst's projections have garnered attention within the crypto community, as they align with the broader bullish sentiment surrounding Bitcoin's potential for growth. As the market continues to evolve, investors and analysts alike are closely monitoring these developments to gauge the cryptocurrency's future performance.

OKX market data shows that FLOKI briefly rose to 0.00024849 USDT and then fell back to 0.00023249 USDT, down 1.57% in 24 hours.

According to Odaily, Michael Saylor, co-founder and executive chairman of MicroStrategy, recently criticized the cash management strategy of Warren Buffett's company, Berkshire Hathaway, during an interview on the PBD Podcast. Saylor highlighted the inefficiency of Berkshire's $325 billion cash reserve, suggesting that it yields a maximum post-tax return of only 3% while facing a capital cost of 15%. This results in a negative real return of 12%, equating to an annual shareholder value loss of $32 billion. MicroStrategy, particularly under Saylor's leadership, strongly advocates for the adoption of Bitcoin as a financial asset. Saylor argues that Bitcoin offers unique advantages, such as protection against inflation and currency devaluation, and encourages companies with excess cash reserves to consider it as part of their financial strategy. However, he acknowledges that each company has unique financial goals, risk tolerance, and regulatory considerations, making universal advice impractical. Saylor speculated that even traditionalists like Warren Buffett might be persuaded to embrace Bitcoin. He referenced a statement from Buffett's late business partner, Charlie Munger, during the podcast: "I bet if I spent an hour alone with Buffett in a calm environment, by the time I walked out, he would say Bitcoin is a good idea. Charlie (Munger) would love it. We should buy some."

Crypto analyst PlanB said in a post on X that according to his speculation on the trend of Bitcoin in the next few years published at the end of September, BTC has basically achieved the first two goals, namely, rising to $70,000 in October and $100,000 in November (actually $99,800 but close enough, and forming the largest monthly candle of $26,000 in history). He added that BTC's next goal is to rise to $150,000 in December.

OKX market data shows that HBAR is currently trading at 0.254 USDT, with a 24-hour increase of 43.75%.

AI+Crypto becomes the main rising wave of this bull market, and the narrative logic will not change

Robert Kiyosaki predicts Bitcoin could drop to $60,000 but remains confident in its long-term potential, planning to buy more if the price falls. He forecasts Bitcoin could reach $250,000 by 2025 and even $500,000, according to an AI model.

How regulatory resistance crushed Facebook Libra's global payment vision? Golden Finance Regulatory pressure and withdrawal of funding from supporting institutions led to the project's cessation

Michael Saylor told Microsoft's board of directors that Microsoft cannot miss the next wave of technology, "digital capital." The biggest digital transformation in the 21st century is capital transformation, and Bitcoin is digital capital.

Elon Musk has filed a legal challenge to stop OpenAI from becoming a fully for-profit company, claiming it violates its original mission and harms competition. He also accuses OpenAI and Microsoft of using their partnership to block funding for rival AI companies like his own xAI.

The most discussed topic today is why @HyperliquidX is more successful than other Perps. Let me talk about $HYPE from my personal experience.

Meme and public chains are an interesting pair of symbionts, and they are also very similar. The most important thing for MEME is traffic and reaching users, because without value, there is no valuation system to constrain it. It only needs exaggerated rises and falls to reach users, and consensus determines the price.

The price of XRP has risen rapidly in recent days, reaching US$2.42 per coin, and its market value has exceeded US$137 billion, making it the third largest crypto asset in the world.

XRP may be in the midst of a “leverage-driven” rally as the asset’s price surges to a new yearly high.