December 12, 2024: Reeve Collins, the co-founder and CEO of Tether, shared his views on blockchain technology at the Global Blockchain Show, in Dubai. In the first slide of his presentation, Collins added a quote written by Victor Hugo – “There is one thing stronger than all the armies in the world, and that is […] The post “Genie is Out of The Bottle,” Says Reeve Collins At Global Blockchain... source: https://www.thecoinrepublic.com/2024/12/12/genie-is-out-of-the-bottle-says-reeve-collins-at-global-blockchain-show/

According to Odaily, on-chain analyst Ali (@ali_charts) revealed on the X platform that Cardano whales have purchased more than 80 million ADA in the past 48 hours. This significant acquisition highlights the growing interest and activity among large holders of Cardano's native cryptocurrency, ADA. The recent buying spree by these influential investors suggests a potential shift in market dynamics, as whales often play a crucial role in influencing price movements and market sentiment. The substantial volume of ADA acquired indicates confidence in the cryptocurrency's future prospects, possibly driven by ongoing developments and partnerships within the Cardano ecosystem. This surge in whale activity comes amid a broader context of fluctuating cryptocurrency markets, where investor sentiment can rapidly change based on various factors, including technological advancements, regulatory updates, and macroeconomic trends. As Cardano continues to evolve and expand its capabilities, the actions of these large holders may signal a strategic positioning for anticipated growth and adoption. Market observers and participants will likely keep a close watch on further movements by Cardano whales, as their actions could provide insights into the potential trajectory of ADA's value and its role within the broader cryptocurrency landscape. The recent acquisition underscores the importance of monitoring on-chain data to understand the behavior of key market players and their impact on the digital asset market.

BNB bulls held firm on Thursday, sustaining strong momentum despite relatively subdued price action throughout the day, following a robust surge in recent weeks. source: https://zycrypto.com/analyst-predicts-150-potential-up-side-for-bnb-as-price-and-volume-hit-all-time-high/

Bond issuers were promised lower costs through blockchain tokenization, but recent trials from the ECB revealed a higher price tag. source: https://cointelegraph.com/news/ecb-digital-bond-trials-fail-bring-issuance-costs-down-moodys?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

TL;DR Chainlink surpassed $29 for the first time in 37 months, although it is currently at $28 after a brief retracement. Whales and institutional investors have accumulated more than 5.6 million tokens in two months, driving the price and open interest in futures to a record $770.27 million. If it surpasses $29.50, it could rise ... source: https://crypto-economy.com/link-soars-16-5-whales-drive-chainlink-to-3-year-price-high/

Alipay, a Chinese payment platform, reportedly advertised spot Bitcoin exchange-traded funds (ETFs) on its homepage. The advert directed users to invest in Huabao Overseas Technology C (QDII-FOF-LOF). According to community users, Alipay featured adverts promoting a crypto fund on its homepage on December 12. Users highlighted the ads stated, “Global investment, cryptocurrency soaring, start... source: https://www.cryptopolitan.com/crypto-fund-ads-found-on-alipays-homepage/

According to Decrypt, the Texas legislature is set to deliberate on the establishment of a Bitcoin strategic reserve following the introduction of a new bill. The proposed legislation, H.B. No. 1598, was introduced by Texas State Representative Giovanni Capriglione. This initiative aims to accumulate a reserve of Bitcoin for the state, with the stipulation that the funds be held for a minimum of five years without being sold. Additionally, the bill allows for Texas citizens to contribute donations to the fund. The introduction of this bill is part of broader efforts to create a Bitcoin reserve at both state and national levels in the United States. The text of the bill emphasizes that a strategic Bitcoin reserve is in line with Texas's commitment to fostering innovation in digital assets and enhancing financial security for its residents. This move reflects the growing interest and adoption of digital currencies as a means of financial strategy and security. As the bill progresses through the legislative process, it will be closely watched by both proponents and critics of digital currency adoption. The outcome could have significant implications for the future of digital asset management and financial innovation in Texas and potentially influence similar initiatives in other states. The story is developing, and further updates are expected as more details become available.

According to data disclosed by on-chain analyst Ali (@ali_charts) on the X platform, Cardano whales have bought more than 80 million ADA in the past 48 hours.

null source: https://x.com/BTC_Archive/status/1867250108447760492

The bill aims to establish a strategic Bitcoin reserve in the state of Texas, mirroring efforts on the national level in the United States. source: https://decrypt.co/296264/texas-bill-bitcoin-strategic-reserve

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At present, from the ice-breaking cooperation between Binance and Circle, to the intensive layout of crypto giants, to the frequent financing activities and the gradual improvement of the policy environment, the liquidity and application scenarios of the stablecoin track are expanding rapidly.

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Recommended readings tonight: 1. New narrative of stablecoins in 2024: clear regulation, entry of traditional finance, and simultaneous development of on-chain and off-chain; 2. Is Meme coin the truly successful GameFi in this cycle? 3. 11 facts after BTC ETF was listed in the United States;

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