EddieJayonCrypto

 17 Dec 24

tl;dr

• Investors withdrew nearly $4 billion worth of Bitcoin from crypto exchanges in the past week, indicating a strong move toward self-custody amid market uncertainty.• Binance lists Pudgy Penguins• An Australian court fined Kraken $8 million for offering an unauthorized margin lending product in viol...

• Investors withdrew nearly $4 billion worth of Bitcoin from crypto exchanges in the past week, indicating a strong move toward self-custody amid market uncertainty.
• Binance lists Pudgy Penguins
• An Australian court fined Kraken $8 million for offering an unauthorized margin lending product in violation of financial regulations.
• Bitfinex predicts Bitcoin could peak at $290,000 in early 2026 if historical market patterns and post-halving trends repeat.
• Institutional investors continue pouring into crypto products, with $3.2 billion in inflows recorded recently, driven by growing demand for digital assets.
• Riot Platforms purchased $69 million worth of Bitcoin at an average price of $101,135 according to recent SEC Filing
• The Bitcoin-to-gold ratio hits a historic peak at 37.3, as Bitcoin's year-end rally accelerates, showcasing its increasing dominance as a store of value.
• MicroStrategy's heavy Bitcoin investment strategy continues to yield gains but raises concerns over market volatility and potential balance sheet risks.
• The UK's FCA seeks input on new plans to address market abuse in the crypto sector.
• India prepares to introduce a comprehensive crypto regulatory framework focused on taxation, licensing, and compliance to balance innovation and oversight.
• Ripple mints RLUSD on Ethereum and XRP.

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