Funding rates, a key measure of leverage in the cryptocurrency market, are now approaching all-time highs. The data suggests that traders are willing to pay a high premium to increase leverage on their long bets, and perpetual contracts are one of the most commonly used products for investors to double down on directional moves in Bitcoin prices. Brian Strugats, head of trading at cryptocurrency prime broker FalconX, said, "Bitcoin's recent breakout above the $100,000 mark has led to a sharp rise in funding rates, approaching the year-to-date high in March and approaching the all-time high set in the fourth quarter of 2021. This pattern mirrors previous bull markets, in which such spikes in funding rates were accompanied by strong price momentum, reflecting high demand for leveraged positions." (Bloomberg)

According to a news release from the Hong Kong Special Administrative Region Government, Hong Kong published the Stablecoin Bill in the Gazette today to introduce a regulatory system for issuers of fiat stablecoins in Hong Kong. The Bill aims to improve the regulatory framework for virtual asset activities to address the potential risks posed by fiat stablecoins to financial stability, ensure that users have adequate protection, and maximize the benefits that virtual assets and their related technologies can bring. Under the proposed licensing system, any person who conducts any of the following activities must first obtain a license from the Monetary Authority: (i) issuing fiat stablecoins in Hong Kong in the course of business; (ii) issuing fiat stablecoins that claim to be anchored to the value of the Hong Kong dollar in the course of business; or (iii) actively promoting the issuance of its fiat stablecoins to the Hong Kong public. In order to effectively implement the system, the Bill also proposes to give the Monetary Authority the necessary regulatory, investigative and enforcement powers. The Bill will be submitted to the Legislative Council for first reading on December 18.

null source: https://x.com/BTC_Archive/status/1864997325006905648

As Bitcoin retreats after hitting a record high, some traders are already looking to hedge against a deeper pullback, with funding rates, a key measure of leverage in the cryptocurrency market, approaching all-time highs. The data suggests that traders are willing to pay a high premium to increase leverage on their long bets, and perpetual contracts are one of the most commonly used products for investors to double down on the directional movement of Bitcoin prices. As previous bull markets have proven, high funding rates can set the stage for a pullback. Nathanaël Cohen, co-founder of digital asset hedge fund INDIGO Fund, said funding rates are a good way to judge how overheated the market is, but it can also be very dangerous because it can remain high longer than expected. (Bloomberg)

Zhu Su, co-founder of Three Arrows Capital, posted on the X platform that FTM closed its long position at $0.959 to $1.283, HYPE closed its long position at $5.778 to $12.773, and Ethereum (ETH) closed 50% of its long position at $2766 to $3888.

Crypto traders are fueling an explosive rally across financial markets, with Bitcoin surpassing $103,800 for the first time ever in a historic performance. But let’s not get carried away. This isn’t the first time we’ve seen an explosive bull run, and history shows it can come crashing down quickly, too. US President Trump’s vow to […] source: https://www.cryptopolitan.com/crypto-bull-run-will-not-last-long/

大型加密货币 Tron（TRX）和 BNB（BNB）再次刷新历史新高。 source: https://zh.spaziocrypto.com/xin-wen/tron-de-hui-gui-he-bnb-de-ji-lu-zhu-yao-jia-mi-huo-bi-fa-sheng-liao-shi-yao/

大型暗号通貨のトロン（TRX）とBNB（BNB）が史上最高値を更新した。 source: https://ja.spaziocrypto.com/niyusu/toronnofu-huo-tobnbnoji-lu-zhu-yao-an-hao-tong-huo-nihe-gaqi-kitanoka/

web3ニュースをポッドキャストで！ ブロックチェーン・仮想通貨（暗号資産）・フィンテックについてのニュース解説を「あたらしい経済」編集部が、平日毎日ポッドキャストでお届けします。Apple Podcast、Spotif […] source: https://www.neweconomy.jp/posts/437330

FT Alphaville, a column blog under the Financial Times, previously published an article that seemed to publicly apologize to readers for its negative coverage of cryptocurrencies over the past 14 years, but in fact it may not be the case. The article first acknowledged that readers' impression of the column's negative comments on Bitcoin was correct, but added, "We still stand by every single one of those posts." This shows that its views on cryptocurrencies, especially Bitcoin, have not changed. The subsequent apology also looked like "yin and yang" - everyone wants us to apologize? Okay, I apologize. At the end of the article, it seemed to mock readers, did you not buy Bitcoin just because of our report? Readers in the comment area did not let go of this "apology" easily. Some comments said that there was no need to apologize (as if we care, $100,000!). Another comment said, "Enjoy the feeling of poverty." (Cointelegraph)

Bitcoin has reached a new all-time high, surpassing $100,000, while CZ remains unaffected by the surge, holding onto the same amount of Bitcoin. Binance Coin (BNB) also hit a record high, but CZ’s focus remains on Bitcoin’s long-term value rather than its fluctuating price.

BTC broke through the 100,000 mark, the altcoin sector of the crypto market rose in tandem, and the overall market sentiment was high.

M3M3, a few details you need to know about M3M3 Golden Finance, treat M3M3 as a tool for making money, don’t take it as a serious MeMe coin.

Meitu sold its entire crypto portfolio, making nearly $80 million just before bitcoin’s surge above $100,000. The company plans to distribute 80% of the gains to shareholders and refocus on its AI-driven apps.

MicroStrategy doesn't appear to face significant immediate risks, its interest costs remain manageable, and financing is progressing well.

Please hold on to (HODL) your Bitcoin and don’t wait until Bitcoin reaches 1 million US dollars to understand.

Dubai has become a hotspot for major cryptocurrency scams, with fraudulent schemes like HyperVerse, OneCoin, and Bitconnect defrauding billions from investors. Despite efforts to improve regulations, the UAE's weak oversight has allowed scammers to thrive, drawing international concern.

A brief analysis of Ripple’s historical development, ecosystem, and recent progress in real-world asset (RWA) tokenization and regulatory involvement.

Blockchain data shows that the iShares Bitcoin Trust issued by BlackRock is currently backed by more than $48.9 billion worth of Bitcoin.

The SEC has intensified its legal action against Binance and former CEO Changpeng Zhao, accusing them of operating as an unregistered securities exchange. This follows an amended lawsuit claiming the sale of unregistered cryptocurrencies like Solana and Cardano on their platform.