AI Summary
- Tether is making headlines with a significant $1 billion bid to acquire Juventus FC, which has sparked considerable discussion within the crypto and sports industries.
- The cryptocurrency space is seeing a notable shift towards regulation and adoption, with companies like Ripple and Circle earning approvals to operate as trust banks, highlighting a trend of institutional acceptance of digital assets.
- Solana's total value locked (TVL) is facing a decline, dropping by $10 billion as demand for memecoins wanes, reflecting broader trading trends and market sentiment challenges.
- Bitcoin miners are adapting by turning to renewable energy sources, as profit margins tighten due to a prolonged drop in the Bitcoin mining hash price, which has reached record lows.
- The U.S. Securities and Exchange Commission (SEC) has approved a pilot program to record U.S. securities on select blockchains, signaling a potential transformation in the financial markets with tokenization gaining traction.
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Sources
Cointelegraph
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Stablecoin giant Tether makes $1B bid to buy Juventus FC
2 hours ago
by Cointelegraph by Jesse Coghlan
Tether says it will buy the controlling stake Exor has in Juventus, along with all remaining shares, an offer Exor has reportedly rebuffed.
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Tokenization benefits ‘light at first,’ but will expand if democratized: NYDIG
4 hours ago
by Cointelegraph by Jesse Coghlan
Regulations must evolve for tokenized real-world assets to be better integrated with DeFi, so their immediate benefit won’t be significant, says NYDIG’s Greg Cipolaro.
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SOL struggles as Solana TVL slides and memecoin demand fades
5 hours ago
by Cointelegraph by Marcel Pechman
SOL demand cools as its total value locked drops by $10 billion and memecoin trading slumps. Traders’ lack of appetite for long leverage could further complicate the situation.
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Senior Vanguard analyst says Bitcoin is no better than a plush toy
5 hours ago
by Cointelegraph by Vince Quill
The comments followed the asset management company’s policy change allowing its clients to trade crypto exchange-traded funds.
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Here’s what happened in crypto today
5 hours ago
by Cointelegraph by Cointelegraph
Trump memecoin, Solana memecoin, TRUMP token, Solana, SOL, Nova Labs, SEC, Securities and Exchange Commission, Crypto regulation, TRUMP rally, BitcoinNeed to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
CoinDesk
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Citadel Securities and DeFi Waging War of Words Through SEC Correspondence
5 hours ago
by Jesse Hamilton
Policy, SEC, Citadel Securities, DeFi Education Fund, NewsThe investing giant had asked the U.S. Securities and Exchange Commission to treat DeFi players like regulated entities, and the DeFi crowd pushed back.
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Crypto Firm Tether Says It Wants to Take Over Italian Football Club Juventus
6 hours ago
by Krisztian Sandor
Finance, Tether, Juventus, USDT, NewsThe issuer behind the most popular stablecoin said that if the bid succeeds, it prepares to invest $1 billion in the football club.
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Interactive Brokers Now Accepts Stablecoins in a Bid to Remain Competitive
9 hours ago
by Olivier Acuna
Finance, Interactive Brokers, Robinhood Markets Inc., Charles Schwab, Stablecoin, NewsThe firm has begun offering stablecoin account funding for U.S. retail clients, joining a growing list of brokerages racing to keep pace with crypto-native rivals.
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DOT Sinks 2% After Breaking Key Support
10 hours ago
by CD Analytics
Markets, AI Market Insights, Polkadot, Technical Analysis, NewsThe Polkadot token erased earlier gains amid elevated volume, falling from a high of $2.09 to $1.97.
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Hedera Tumbles 4% as Altcoins Continue to Suffer
10 hours ago
by CD Analytics
Markets, AI Market InsightsHedera's native token retreated from resistance levels as institutional volume surged during key reversal hour.
Decrypt
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Vanguard Exec Calls Bitcoin a 'Digital Labubu', Even as Firm Offers Crypto ETF Trading
5 hours ago
by Jason Nelson
CoinsThe Vanguard equity head dismissed Bitcoin as speculative, though the firm still expanded client access to crypto ETFs.
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These Bleak Victim Letters Helped Seal Terra Founder Do Kwon's Fate
5 hours ago
by Ryan Gladwin
terra-luna-2, Law and OrderThe judge said the victim letters, which detailed the personal impact of the Terra collapse, were “impactful”—before sentencing Do Kwon to 15 years in prison.
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Crypto Giant Tether Makes Offer to Acquire Juventus Soccer Club
6 hours ago
by Logan Hitchcock
BusinessStablecoin firm Tether is making a bid to acquire the famed Serie A Italian soccer club, Juventus, after previously taking a minority share.
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Coinbase Preps Prediction Market, Tokenized Equities Launch for December 17: Report
7 hours ago
by Callan Quinn
CoinsCrypto exchange Coinbase is set to launch its own prediction market as they surge in both popularity and scrutiny.
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XRP Is Launching on Ethereum and Solana—Here's Why (and How)
7 hours ago
by Logan Hitchcock
CoinsThe Ripple-linked XRP will soon be usable in DeFi on other major layer-1 networks like Solana and Ethereum. Here's how.
AMBCrypto
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Is Ethereum primed for a breakout? KEY correlation suggests why
2 hours ago
by Olayiwola Dolapo
Altcoin, Ethereum, News, News 1, Social, Trading ViewEthereum could witness a strong bullish phase soon.
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Kalshi, Crypto.com rally industry giants to form prediction markets coalition – Details
3 hours ago
by Ishika Kumari
Global News, News, News 1, Social, Trading ViewA billion-dollar industry just united, but what threat pushed prediction market giants to form a national coalition?
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Decoding XCN crypto’s 39% surge – Can Onyxcoin hold $0.0055?
4 hours ago
by Gladys Makena
Altcoin, News, News 1, Social, Trading View, ambcryptoRobinhood listing saw XCN rally to $0.00695, as whale accumulation soared.
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Cardano whales accumulate as retail dumps — Is a major ADA reversal brewing?
4 hours ago
by Adewale Olarinde
Cardano, News, News 1, Social, Trading ViewNew on-chain data shows a growing divide in ADA holders: large wallets are quietly accumulating while retail wallets sell into the decline.
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Crypto buys football! Tether makes historic bid to acquire Juventus Football Club
7 hours ago
by Adewale Olarinde
Global News, News, News 1, Social, Stablecoins, Trading View, New newsStablecoin giant Tether has made a historic all-cash bid to acquire Juventus Football Club, attempting the most ambitious crossover between crypto and elite global sports.