Ex-ARK Analyst Cautions Against $10T Crypto Market Cap Hype

Chris Burniske, a former ARK Invest analyst, warns against the hype surrounding a potential $10 trillion crypto market cap as Bitcoin surpasses $100,000, urging investors to adopt a cautious approach and consider profit-taking strategies.
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WikiLeaks’ Afghan War Logs to Be Permanently Archived on Bitcoin Blockchain

WikiLeaks is launching Project Spartacus to permanently inscribe 76,911 Afghan War Logs onto the Bitcoin blockchain, ensuring accessibility and protection against censorship using the Ordinals protocol, starting December 12, 2024.
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SEC Expected to Reject Solana Spot ETF Applications

This decision reflects the SEC’s ongoing cautious stance towards crypto, particularly under Chair Gary Gensler, who has overseen lawsuits against major exchanges like Binance and Coinbase.
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BitFuFu Launches New Bitcoin Mining Pool

BitFuFu launches a customized Bitcoin mining pool with a low 0.4% commission, leveraging its self-mining hashrate to increase capacity and appeal to institutional clients seeking optimized mining solutions.

 

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Semler Scientific Purchases Additional $30 Million in Bitcoin to Expand its BTC Holdings

Semler Scientific, a healthcare technology firm, has expanded its corporate Bitcoin treasury by purchasing 303 BTC, valued at $29.3 million, between November 25 and December 4, 2024. This acquisition brings the company’s total Bitcoin holdings to 1,873 BTC, acquired at an average price of $78,553 per coin, totaling approximately $147.1 million.
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Florida Could Launch Statewide Bitcoin Reserve by Q1 of 2025, Samuel Armes Says

Florida may establish a Bitcoin reserve by 2025, leveraging pension funds and budget surplus to create a cryptocurrency stockpile. Advocated by Samuel Armes and supported by pro-Bitcoin leaders, this initiative reflects Florida’s growing role in the Bitcoin economy amidst rising market adoption.
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Bitcoin Reserve a “Bad Deal for Americans”: Bill Dudley

Former NY Fed President Bill Dudley cautions that creating a federal Bitcoin reserve could strain public finances, drive up inflation, and provide limited benefits to most Americans. He highlights Bitcoin’s volatility, capped supply, and economic risks, urging policymakers to focus on regulation instead.
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