Strategy CEO Phong Le discussed $MSTR stock and Bitcoin prices on television, stating that the company has sufficient reserves to last for 21 months, which alleviated investor anxiety. He also mentioned market volatility factors, emphasized long-term optimism for Bitcoin, and boosted market confidence.
Moore Threads co-founder Li Feng has drawn attention for issuing coins to raise funds in the crypto space and allegedly owing 1,500 BTC in debt. In response, Star, the founder of a leading exchange, emphasized that debt resolution should be handled according to the law and wished the entrepreneur well, demonstrating a restrained attitude toward the incident.
1,500 BTC, how much is that worth... What positive energy are you talking about? Not repaying debt is a risk signal. How can you fight a war if your supply lines are cut?
Huobi HTX will launch NIGHT for the first time on December 9, with the trading pair NIGHT/USDT. The deposit channel will be opened soon, and 10x leverage is supported. NIGHT is the token of the Midnight project, which utilizes zero-knowledge proof technology aimed at protecting user data privacy. With increasing demand for data protection, it is worth paying attention to.
New York brokerage Clear Street is preparing for an initial public offering (IPO), which is expected to launch as early as January next year, with a potential valuation of $10-12 billion. The brokerage has recently been active in the crypto space, underwriting crypto-related stocks and collaborating with Trump Media & Technology Group, reflecting Wall Street's attention to and participation in digital assets.
[Bitpush] Recently, I noticed a pretty sobering trend: more and more young people in the US are completely giving up on the dream of buying a house, and instead, they're pouring their money into high-risk assets like cryptocurrency. To put it bluntly, housing prices are skyrocketing out of control, and incomes just can't keep up. Many Gen Zers do the math and realize they might never be able to afford a home in their lifetime, so they just give up—saving less, not working as hard, and actually getting more into speculation. There’s survey data backing this trend: young people who feel that homeownership is out of reach are indeed more likely to show these three behaviors. On the flip side, those who still believe they can save up for a down payment are more motivated to save money and make plans. At the end of the day, having a sense of purpose really does directly change a person’s motivation. Right now, the core problem is that housing supply just can’t keep up. Some proposed solutions include: loosening building restrictions, constructing more housing that ordinary people can afford, and optimizing land use policies. Another thing is to teach young people
Jupiter Lend was recently questioned about its “zero contagion risk” design, with the COO admitting to the use of rehypothecated assets, which clearly contradicts their marketing claims. Another Solana-based platform, Kamino, has blocked Jupiter’s migration tool, further increasing industry doubts about its risk model and exposing transparency issues in DeFi protocol risk disclosures.
The CyrusOne data center in Illinois, USA, experienced a cooling system overload due to staff error and failure to drain water in time, resulting in a crash of the CME Group trading system for over 10 hours. This incident has raised concerns about the stability of financial infrastructure and impacted market operations.
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digital_archaeologist:
Oh my, they even forgot to drain the cooling tower—how much slacking off does that take?
From December 5th to 7th, Miami will host the Art Basel Miami Beach event, with 283 galleries participating and an expected attendance of over 80,000 visitors. The Web3 project MiniDoge will be exhibiting, showcasing the integration of NFT art and on-chain creation, aiming to bridge traditional art with the Web3 world.
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BearMarketBuilder:
Miami is so competitive now, even NFTs have to show up at Art Basel... Honestly, MiniDoge really knows how to market with this move.
FIL is currently continuing to decline, with technical indicators showing that bears are in control. In the short term, $1.465 has become a key support level; if it is breached, the price may fall to $1.367. There are no signs of a bullish reversal yet, and the bears remain in control.
Recently, the price of the LUNC token in the Terra ecosystem has surged by over 74%, with a weekly increase of more than 160%. This round of gains is related to the upcoming sentencing of founder Do Kwon and the accelerated token burn mechanism. Additionally, the suspension of withdrawals by a leading exchange has further fueled market sentiment.
Recently, the Bitcoin market has been extremely active, with two major investors engaging in an intense showdown near $89,000. One side bought 307 bitcoins for $27.5 million, taking on up to 20x leverage; the other side shorted 223.4 bitcoins with $20 million, facing even higher risk with 40x leverage. Market volatility has intensified, and both parties are under significant liquidation pressure.