According to PANews, insurance giant MassMutual's investment in Bitcoin has seen substantial growth over the past four years. The company, formally known as Massachusetts Mutual Life Insurance Company, purchased over 5,000 Bitcoins, which have now increased in value fivefold, reaching an estimated market value of approximately $500 million. MassMutual, headquartered in Springfield, Massachusetts, is a renowned provider of life insurance and financial services. Established in 1851, the company has grown to become one of the largest life insurance firms in the United States. It ranks 100th on the Fortune 500 list, with reported revenues of $10.7 billion and total assets under management amounting to $312 billion as of 2022.

According to Lookonchain, the net inflow of 10 Bitcoin ETFs on the 11th was 5,459 BTC, equivalent to about $538 million. Among them, BlackRock received 3,071 BTC, and its current holdings reached 530,832 BTC, with a total value of about $52.36 billion. The net inflow of 9 Ethereum ETFs was 81,254 ETH, equivalent to about $303 million, of which Fidelity received 63,500 ETH, and its current holdings reached 406,250 ETH, with a total value of about $1.51 billion.

Katie Stockton, a technical analyst and founder of Fairlead Strategies, pointed out that Bitcoin's failure to stay above $100,000 for more than a few days made the historic breakthrough "unconfirmed" and opened up a potential weak situation for Bitcoin in the short term. He said that the short-term bullish momentum is weak, and there is a new daily level counter-trend signal that supports Bitcoin to consolidate in the next few weeks before continuing its upward trend. Two support levels that investors should pay attention to include the 20-day moving average of $97,233 as of Tuesday morning and the 50-day moving average of $85,342, which means that Bitcoin has the potential for about 13% downside. If the 50-day moving average is also lost, Katie Stockton pointed out $73,800 as the next possible level for Bitcoin, which represents a potential downside of about 24%.

According to official news, Gravity announced the establishment of a $50 million ecosystem venture capital alliance, which aims to redefine blockchain performance and create a truly interconnected full-chain ecosystem, promote large-scale adoption of blockchain through next-generation projects, and is committed to supporting projects and developers on Gravity. The alliance was established by the collective strength of outstanding VCs and investors in the blockchain industry, including: Blockchain Coinvestors, DAO5, Draper Dragon, Faction, HashKey Capital, IOSG Ventures, Lattice, Spartan Group.

According to CoinGecko data, the 24-hour trading volume of the BGB/USDT trading pair reached US$460 million, ranking second among global CEX platforms, second only to Binance platform currency BNB/USDT's US$489 million.

TL;DR Open Builders has launched Earn, a platform that rewards Telegram Wallet users for holding TON tokens, without the need for staking or moving funds. Users can access various project pools, such as Notcoin and DOGS, and receive rewards based on their position in the rankings. Through Earn, Open Builders facilitates participation in the Telegram ... source: https://crypto-economy.com/open-builders-launches-earn-to-reward-telegram-wallet-users/

The collaboration will see Binance introduce more USDC trading pairs and run promo campaigns across various products. The post Binance and Circle Partner to Accelerate the Global Adoption of the USDC Stablecoin appeared first on NFTgators . source: https://www.nftgators.com/binance-and-circle-partner-to-accelerate-the-global-adoption-of-the-usdc-stablecoin/

Microsoft's board of directors disclosed the reasons for rejecting the Bitcoin investment in a regulatory filing, believing that the proposal was unnecessary because the company was already considering a variety of investment options. Microsoft pointed out: "As mentioned in the proposal itself, Bitcoin's volatility is a factor to consider when evaluating its investment as an enterprise financial application, because enterprises need stable and predictable investments to ensure liquidity and working capital. Microsoft already has strong and appropriate processes to manage and diversify corporate finances to achieve the long-term interests of shareholders, so this proposal requiring a public evaluation is unnecessary." Microsoft officials added that past evaluations have listed Bitcoin and other cryptocurrencies as one of the options for consideration, and Microsoft will continue to monitor trends and developments related to cryptocurrencies to guide future decisions.

On Dec 11, 2024, 14:46 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 99,000 USDT benchmark and is now trading at 99,012.007813 USDT, with a narrowed 1.00% increase in 24 hours.

The post Trader Turns $2.5K Into $200K: A High-Stakes XRP Bet Pays Off appeared first on Coinpedia Fintech News A trader recently turned a modest $2,500 into an astonishing $200,000 by leveraging XRP futures at 500x on the cryptocurrency exchange Rollbit. While the risk was immense, the strategy paid off as XRP’s price surged drastically, after the announcement of approval of RLSUD stablecoin.... source: https://coinpedia.org/news/trader-turns-2-5k-into-200k-a-high-stakes-xrp-bet-pays-off/

As an emerging technological trend, decentralized AI is gradually demonstrating its advantages in data privacy, security, and cost-effectiveness.

Golden Finance launches Golden Web3.0 Daily to provide you with the latest and fastest news on games, DeFi, DAO, NFT and Metaverse industries.

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Tracking Nvidia's holdings in concept stocks has important reference value. Investors can continue to pay attention to Nvidia's increase in holdings in related concept stocks, the progress of AI commercialization, revenue growth and gross profit margin changes, new product/service releases, changes in the industry's competitive landscape, etc.

Optimism once again teamed up with Uniswap to launch the ERC-7802 cross-chain asset standard, bringing new prospects for improving the efficiency of cross-chain transactions.

Xan’s support and development of the Bitcoin ecosystem lags behind many other exchanges, so this incident has limited impact on Inscription.

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Instead of having separate pools for each stablecoin, Perena will create one large stablecoin pool to make trading between them easier and cheaper.

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