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COIN360 5 minutes reading from Bitcoin

Daily Digest: Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, Monero, ETC: Price Analysis, Dec. 12

As DXY was pushed back to where it was 3 weeks ago, BTC and the broader crypto market saw a rally that broke the recent dull price action.

In @COIN360com Daily Digest:

2/ BTC briefly touched 19,800 (+1.8% in 24h) while Nasdaq led the stocks rally amid expectations for megacap companies' earnings reports like @microsoft

DXY back to its 3-week low at 110.96 may support the rise. @CoinSharesCo view on funding flows:

Volume 103: Digital Asset Fund Flows Weekly ReportVolume 103: Digital Asset Fund Flows Weekly Report

3/ ETH had a nice day with an approx. 4.5% surge bringing it to 1,400. The next major resistance lies at 1,400 if ETH moves like this:

Top gainers: ALGO SOL AXS Top losers: AAVE APT USDN

Details in our heatmap:

BTC remains rangebound while ETH shows positive price actionBTC remains rangebound while ETH shows positive price action
Cryptocurrency Prices Heatmap, Market Cap, Charts & Widget – COIN360Cryptocurrency Prices Heatmap, Market Cap, Charts & Widget – COIN360

4/ @Twitter is reportedly working on its own crypto wallet, according to the software engineer Jane Manchun Wong.

The crypto wallet is said to enable users to deposit and withdraw their funds without relying on third-party services.

Is Twitter Building a Crypto Wallet?Is Twitter Building a Crypto Wallet?

5/ @Reddit NFTs are making much noise in the crypto community today as their trading volume has been surging over the last 24h to surpass 2.5M, causing mixed opinions among CT.

Trade Volume in Reddit’s NFTs Surges 2.5M in 24 Hours - The DefiantTrade Volume in Reddit’s NFTs Surges 2.5M in 24 Hours - The Defiant

6/ @apple has updated its App Store Review Guidelines with more rules for crypto assets and NFT.

In short, NFTs are allowed to exist within apps on the App Store, but they can’t unlock additional features or content.

Are New Apple App Store Updates a Threat to NFT and Web3 Sectors?Are New Apple App Store Updates a Threat to NFT and Web3 Sectors?

7/ Luxury smartphone maker @vertu introduced Metavertu, which it claims is "the world’s first Web3 phone" that can run its own blockchain node and turn photos and videos into NFTs with a single click.

Vertu’s Luxury Web3 Phone Tops Out at 41,000 - DecryptVertu’s Luxury Web3 Phone Tops Out at 41,000 - Decrypt

8/ @Meta struck a partnership with makeup brand @LOrealGroupe & @HECParis to back a new startup acceleration program for creativity in the metaverse.

Meta and L'Oréal team up on web3 startup acceleratorMeta and L'Oréal team up on web3 startup accelerator

9/ The cryptocurrency exchange @bitoasis is partnering with @Mastercard to offer customers crypto-linked payment cards. The first cards are set to launch in early 2023.

Mastercard Partners with Major Dubai Exchange to Launch Crypto CardsMastercard Partners with Major Dubai Exchange to Launch Crypto Cards

10/ @NEARFoundation announced a fund to replenish a 40M collateral deficit found in USN stablecoin.

@DcntrlBank said the team will be gradually winding down the stablecoin.

NEAR Nixes Algorithmic Stablecoin USN - BlockworksNEAR Nixes Algorithmic Stablecoin USN - Blockworks

11/ @MakerDAO will move up to 1.6B USDC into @Coinbase custody to earn institutional rewards as the MIP 81 was approved.

The community also ratified MIP 82 to facilitate a 500M USDC loan to Coinbase, with ETH and BTC as collateral.

MakerDAO Partners With Coinbase to Become Largest Holder of USDCMakerDAO Partners With Coinbase to Become Largest Holder of USDC

12/ A judge has approved @CelsiusNetworks bidding procedure plans. The order sets a Dec. 12 deadline for final bids.

Celsius receives court approval for bidding proposal, final judgement expected Dec. 22Celsius receives court approval for bidding proposal, final judgement expected Dec. 22

13/ @CashApp is now compatible with the Lightning network for sending and receiving Bitcoin payments.

Currently, the feature is available across all of the U.S., except for New York State.

40 Million Cash App Users Can Now Send And Receive Bitcoin Lightning Payments40 Million Cash App Users Can Now Send And Receive Bitcoin Lightning Payments

14/ Other news:

ASIC sued BPS Financial for alleged misleading statements about its Qoin token:

@cz_binance says he will continue to back @elonmusks Twitter buyout deal:

ASIC fires industry warning shot as it sues BPS Financial over crypto promoASIC fires industry warning shot as it sues BPS Financial over crypto promo
Binance's Changpeng Zhao Says He Will Continue To Back Musk's Twitter Buyout Deal: Bloomberg - Ethereum World NewsBinance's Changpeng Zhao Says He Will Continue To Back Musk's Twitter Buyout Deal: Bloomberg - Ethereum World News

15/ @BithumbOfficial owner to receive 8-year jail term for 70M fraud:

Rishi Sunak is the U.K.'s new Prime Minister. Here’s what he thinks of crypto:

Prosecutors reportedly seeking an 8-year jail term for Bithumb founder over 70 million fraudProsecutors reportedly seeking an 8-year jail term for Bithumb founder over 70 million fraud
Rishi Sunak Is the U.K.'s New Prime Minister. Here’s What He Thinks of CryptoRishi Sunak Is the U.K.'s New Prime Minister. Here’s What He Thinks of Crypto

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