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Ethereum approaches a key resistance, which could spark gains if it breaks through. Market sentiment is mixed, with bullish signs but ongoing selling pressure affecting price. Technical indicators suggest potential upward momentum but warn of weakening bullish strength.
Bitcoin remains relatively stable, while altcoins and stablecoins show remarkable growth. Peter Schiff expresses concerns over Bitcoin’s weak performance despite Trump’s increasing odds. Schiff comments that the community’s increasing BTC purchase may have weakened the price action.
Tesla has moved its Bitcoin holdings to seven different wallets. The company has 11,509 BTC worth around $776.9 million. Bitcoin is facing resistance at the $69,000 price level and awaits breakout.
Quick Take The Financial Stability Board said risks from global finance’s exploration of tokenization are low because the technology has not been adopted at scale. Despite the suggested low risk, the report warned that liquidity and maturity mismatches in tokenized assets could threaten financial stability, particularly as projects become more complex and opaque during market stress.
Quick Take Variational announced raising $10.3 million in seed funding from Bain Capital Crypto, Coinbase Ventures and others. Variational is an Arbitrum-based peer-to-peer crypto derivatives trading protocol.
XRPL has been doing well in new wallet creation and DEX volume; however, the network’s NFT ecosystem is seeing less activity.
- 10:13A certain whale sold 4.64 million VIRTUAL in the past 12 hours, making a profit of 3.98 million US dollarsSpot On Chain monitoring shows that a certain whale sold 4.64 million VIRTUAL tokens in the past 12 hours at a total price of $5.32 million, realizing a net profit of $3.98 million (+224%). The price of VIRTUAL rose by 52% today, and this whale still holds 5.05 million VIRTUAL tokens, with an unrealized book profit of about $4.99 million (+259%). It is worth noting that at the end of October, this whale bought 17 million VIRTUAL at a low price of $0.382 each and quickly exchanged 7.2 million VIRTUAL for 18.46 million LUNA, but currently this part of the LUNA investment has lost $1.15 million (-39%). If it had not switched positions then, its total profit could have been as high as $16.1million.
- 10:12Analyst: ETH may break through $4,000 before Trump's inaugurationOn November 29, according to Cointelegraph, the price of Ethereum (ETH) is expected to break through $4,000 before 2025 due to increased investor interest and more positive expectations for cryptocurrency regulation. Analysts suggest that ETH could achieve this goal before Trump's official inauguration on January 20. Data shows that Ethereum currently surpasses Bitcoin (BTC) in terms of open contract size, reaching $890 million while Bitcoin stands at $670 million. Meanwhile, ETH's futures returns perform better than BTC's and the inflow of funds into the US spot Ethereum ETF continues to increase, absorbing over $90 million in funds over the past four days. In addition, posts related to ETH on social media platform X have surged by 282% within three days, further reflecting a continuous rise in market attention towards ETH.
- 10:02Google requests appellate court to overturn the victory verdict of Epic Games in antitrust caseAccording to Cointelegraph, Google has asked the appellate court to overturn Epic Games' antitrust case victory. This ruling would force Google to allow third-party app stores and payment solutions through its application market, Play Store. The lower court's decision was supposed to permit other payment systems (including those supporting cryptocurrencies) access into Google's app store and applications. In a document submitted to the Ninth Circuit Court of Appeals on November 27th, Google argued that the California federal court judge's ruling will directly undermine its efforts in competing with Apple and iPhone. "The judge should have realized that there is competition between Google and Apple in the smartphone field, and should have referred to the judgment in Epic v. Apple case where it was determined that Apple did not violate antitrust laws."
