CRYPTONEWS WEEKLY 🚀- December 7, 2024

Your trusted source for all things crypto.

🏆 TOP NEWS OF THE WEEK

🇹🇷 Coinbase Pulls Out of Plans to Enter Turkey's Crypto Market

Crypto exchange Coinbase has withdrawn its pre-application to enter Turkey’s crypto market, according to Türkiye’s Capital Markets Board.

⚡️ Bitcoin Soars To $100k – What Drove The Price Up and What’s Next?

Bitcoin (BTC) reached an all-time high (ATH) of $103,600 on Thursday, December 5, during early Asian trading hours. Bitcoin’s highly anticipated six-figure milestone comes just hours after Donald Trump officially nominated pro-crypto advocate Paul Atkins as SEC Chair.

🚨 Trump nominates Paul Atkins to replace Gensler as SEC chair

President-elect Donald Trump has nominated pro-crypto Paul Atkins to replace Gary Gensler as the new chief of the United States Securities and Exchange Commission (SEC).

In a Dec. 4 announcement, Trump highlighted Atkins’ track record and experience as a former SEC commissioner. Trump wrote via Truth Social:

“Paul is the CEO and Founder of Patomak Global Partners, a risk management consultancy. As Co-Chairman of the Digital Chamber’s Token Alliance since 2017, he has worked on and studied the digital assets industry.”

🇺🇸 Coinbase Exec Predicts Stablecoin Regulations by 2025 After Trump Win

Coinbase's Chief Policy Officer Faryar Shirzad predicts swift stablecoin regulations under a Trump presidency by 2025, thanks to a pro-crypto Congress.

👟 Nike-Owned RTFKT Announces to Cease Web3 Operations

Nike-owned web3 studio RTFKT will close by January 2025 with its final release, the MNLTH X featuring the BLADE DROP, set for December.

🚨 South Korea’s Emergency Martial Law Hits Crypto Market

On Tuesday, South Korea's President Yoon Suk Yeol declared martial law citing threats from pro-North Korean forces. Crypto markets faced heightened activity, with significant USDT inflows and Bitcoin price swings on Upbit.

⚡️ XRP Surges Past USDT to Become Third Largest Crypto by Market Cap

Ripple’s XRP jumped 30% on Monday and surpassed USDT in market cap, becoming the third-largest cryptocurrency. The surge extended a multiweek rally fueled by recent catalysts.

The token last traded at around $2.46, up 77% in a week and over 375% in a month. Its market cap hit $137.4b, overtaking USDT’s $134.3b. XRP’s value surged after it surpassed Solana in market cap over the weekend.

🎙 THE CRYPTONEWS PODCAST

→ Lark Davis, Founder of Wealth Mastery

Lark Davis is the Founder of the weekly crypto newsletter Wealth Mastery. It combines insider insights and in-depth market analysis to offer cryptocurrency investors the best opportunities to grow their wealth, stay ahead of the curve, and avoid costly mistakes.

Lark has been a crypto investor for 5+ years and has made millions of dollars—while also suffering significant losses—in the markets.

🔊 Apple Podcasts | Spotify | All podcast players

→ Steven Goldfeder, CEO of Offchain Labs

Steven Goldfeder, CEO of Offchain Labs, is a key blockchain innovator who developed Arbitrum—the largest and most advanced Ethereum tech stack—authored "Bitcoin and Cryptocurrency Technologies," and pioneered multi-party computation, shaping the future of blockchain interaction for consumers and institutions alike.

🔊 Apple Podcasts | Spotify | All podcast players

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