VanEck projects that a Strategic Bitcoin Reserve could cut U.S. national debt by 36% by 2050, aligning with Senator Cynthia Lummis's Bitcoin Act. This initiative aims to amass 1 million bitcoins in five years, potentially reducing debt by $42 trillion by 2049. Bitcoin's value could reach $42 million, making it a significant global financial asset. VanEck suggests stopping Bitcoin sales from asset forfeiture and using the Exchange Stabilization Fund for initial purchases. Critics like Nic Carter and Peter Schiff offer differing views, with Schiff proposing a USAcoin alternative. #Bitcoin #VanEck #USDebt #Crypto #Economy

Solana's TVL drops to $8.01 billion, a 12% decline this month, with $1.1 billion exiting the ecosystem. Daily active addresses and network revenue have also decreased. SOL's price faces selling pressure, with a negative CMF indicator. If selloffs continue, SOL may fall to $168.83, but a shift in market sentiment could push it above $187. #Solana #SOL #Crypto #TVL

Donald Trump appoints Bo Hines as Executive Director of the Presidential Council of Advisers for Digital Assets, signaling a focus on crypto policy. Hines will work with David Sacks to foster innovation and growth in the digital assets space. Despite his political background and crypto funding connections, Hines' appointment suggests a coordinated approach to digital asset policy development. #Crypto #DonaldTrump #BoHines #DigitalAssets

Experts Predict Bitcoin Could Drop $20,000 Amid Global Money Supply Decline

BTT, the native token of BitTorrent, gains 4% in the past 24 hours, reaching $0.00000111. However, the Aroon Up Line at 0% and the MACD line below the signal line suggest weak bullish momentum and potential price correction. BTT may test support at $0.00000093 or even drop to $0.00000067. Conversely, increased buying pressure could push it to $0.00000128. #BTT #BitTorrent #Crypto #MarketAnalysis

Michael Saylor proposes a Strategic Bitcoin Reserve to strengthen the US dollar and drive digital economy growth. Critics like Nic Carter argue against it, citing Bitcoin's volatility. MicroStrategy expands its board with crypto advocates Brian Brooks, Jane Dietze, and Gregg Winiarski, bolstering its digital asset focus. The company holds 439,000 Bitcoin valued at over $43 billion. #Bitcoin #MicroStrategy #Crypto #DigitalEconomy

Is XRP overvalued? Despite its recent rally to $2.36, on-chain indicators like the NVT ratio and price-DAA divergence suggest potential overvaluation. XRP's NVT ratio has spiked to 477, and the price-DAA divergence has dropped by 326.13%, indicating decreased user engagement. Bearish momentum on the 4-hour chart could pull XRP down to $2.05 or even $1.90 in a strongly bearish scenario. However, increased buying pressure might push it up to $2.73. #XRP #Crypto #MarketAnalysis

Is XRP overvalued? Despite its recent rally to $2.36, on-chain indicators like the NVT ratio and price-DAA divergence suggest potential overvaluation. XRP's NVT ratio has spiked to 477, and the price-DAA divergence has dropped by 326.13%, indicating decreased user engagement. Bearish momentum on the 4-hour chart could pull XRP down to $2.05 or even $1.90 in a strongly bearish scenario. However, increased buying pressure might push it up to $2.73. #XRP #Crypto #MarketAnalysis

Tether invests $775 million in Rumble, a decentralized video-sharing platform aiming to compete with YouTube. This move aligns with Tether's commitment to decentralization and freedom of speech. The investment includes a $250 million cash infusion and an option to acquire up to 70 million shares at $7.50 each. Tether, known for its USDT stablecoin, has diversified its portfolio this year, venturing into sectors like agriculture, Bitcoin mining, and AI. The company plans to launch an AI platform in early 2025, further expanding its technological reach. #Tether #Rumble #Crypto #Investment #AI

Ethereum (ETH) price surges 10% in the last 24 hours, pushing it to $3,422. Institutional interest is driving this rally, with large transactions climbing to 2.83M ETH, worth approximately $11B. The Weighted Sentiment indicator is nearing the positive zone, suggesting potential for further price increases. ETH could break $3,982 resistance and hit $4,110, with a chance of rallying above $4,500 in bullish market conditions. #Ethereum #Crypto #ETH

Jump Crypto’s subsidiary, Tai Mo Shan, settles with the SEC for $123 million over misleading investors about TerraUSD (UST) stability. The firm is charged with deceptive practices during the UST depegging crisis and acting as an unregistered underwriter. Tai Mo Shan will pay $73.4M in disgorgement, $12.9M in interest, and a $36.7M penalty. This follows Terraform Labs' bankruptcy and $4.5B settlement. #Crypto #SEC #TerraUSD

Nexo and 7RCC Global are introducing an ESG-centric Bitcoin ETF, allocating 80% to Bitcoin and 20% to Carbon Credit Futures. This fund, submitted to the SEC, focuses on emissions allowances from established cap-and-trade systems. If approved, it will join a robust market led by BlackRock and Fidelity, with spot Bitcoin ETFs attracting $36 billion in net inflows this year. The collaboration aligns with the World Economic Forum’s environmental initiatives, highlighting a commitment to sustainable investment practices. #Nexo #7RCC #ESG #Bitcoin #ETF #SustainableInvestment #CarbonCredits #SEC #Crypto #Finance

I apologize for the misunderstanding earlier. Here's a more concise and engaging summary suitable for a tweet:

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🌟 Top Altcoin Gainers of the Week! 🌟

1. **Hyperliquid (HYPE)** 🚀

- 📈 Up 55%

- 🔑 Listed on KuCoin & Gate.io

- 📊 Bullish indicators: BBP & RSI rising

- 🎯 Target: $42.24

2. **Movement (MOVE)** 🏃

- 📈 Up 51.60%

- 📊 Awesome Oscillator climbing

- 🎯 Target: $1.44

3. **Bitget Token (BGB)** 💹

- 📈 Up 42.60%

- 📊 Ascending channel & rising volume

- 🎯 Target: $6

Bullish momentum continues! 💪 #Crypto #Altcoins #HYPE #MOVE #BGB #MarketAnalysis #Trading

Crypto hacks and frauds resulted in over $2.3 billion in losses this year, a 40% increase in incidents compared to the previous year. Access control vulnerabilities were the primary driver, accounting for 81% of stolen funds, with Ethereum being the most affected blockchain, losing over $1.2 billion. "Pig Butchering" scams also swindled over $3.6 billion from users. Smart contract vulnerabilities, particularly in DeFi, were prominent, with the third quarter of 2024 seeing the highest losses at $790 million. Notable hacks included WazirX losing $234.9 million, Radiant Capital losing over $50 million, and DMM Bitcoin losing approximately 4,502.9 Bitcoin. Centralized financial platforms (CeFi) face significant risks due to single points of failure and inadequate key management. Emerging technologies like quantum computing and AI are expected to intensify threats, necessitating proactive security measures. The industry must prioritize advanced security solutions and real-time monitoring to address these ongoing threats effectively. #Crypto #Hacks #Fraud #Security #Ethereum #DeFi #CeFi #WazirX #RadiantCapital #DMMBitcoin #Cybersecurity

The SEC has approved combined Bitcoin and Ethereum ETFs from Hashdex and Franklin Templeton, expanding institutional access to the two largest cryptocurrencies. The Hashdex Nasdaq Crypto Index US ETF and the Franklin Templeton Crypto Index ETF received regulatory clearance, with the latter benefiting from an expedited review. Franklin Templeton's updated ETF filing secured faster approval due to its alignment with established commodity-based trust standards. The approvals come after consecutive delays and coincide with a volatile period in crypto markets, with Bitcoin's price dropping by over 8%. Analysts suggest that upcoming leadership changes in Washington may have accelerated the recent approvals. Bloomberg analysts predict that Litecoin ETFs could be next, while uncertainties remain for other assets like Solana and XRP. The SEC's stance toward crypto ETFs may become more favorable under Paul Atkins' leadership. #SEC #ETF #Bitcoin #Ethereum #Hashdex #FranklinTempleton #Crypto #Regulation #Litecoin

Craig Wright, who has repeatedly and falsely claimed to be Satoshi Nakamoto, the creator of Bitcoin, has been sentenced to 12 months in jail for contempt of court. The sentence, handed down by a London court, is suspended for two years. The case stemmed from Wright's $1.1 trillion legal claim over Bitcoin's intellectual property rights, which violated a previous court ruling. The Crypto Open Patent Alliance (COPA) brought the case against Wright, who was barred from pursuing legal action related to his claim of being Nakamoto. Wright faced several legal challenges in 2024, and a UK court dismissed his evidence, deeming his case baseless. Despite his sentence, Wright plans to appeal the verdict. The true identity of Satoshi Nakamoto remains undiscovered, with various high-profile incidents and speculations failing to provide credible proof. #CraigWright #SatoshiNakamoto #Bitcoin #ContemptOfCourt #LegalBattle #COPA #Crypto

The market cap of Solana meme coin Bonk (BONK) has dropped by $1.8 billion in the last 30 days, amid a 34.11% price decrease. While some see this as a buying opportunity, on-chain analysis suggests accumulating BONK at current prices could be risky. The decline is attributed to both BONK's price fall and the broader invalidation of the altcoin season. Weighted Sentiment for BONK has been negative since November 22, indicating persistent bearish sentiment. The price has dropped below the $0.000035 support, suggesting the correction is not over. If bears remain in control, BONK could drop to $0.000025. Conversely, if bulls defend the $0.000030 level, BONK could rebound to $0.000042 or even $0.000065 in a highly bullish scenario. #Bonk #BONK #Crypto #MarketCap #PriceAnalysis #WeightedSentiment #Bearish #Bullish

Arthur Hayes Wants Trump to Devalue Gold Price and Build a Bitcoin Reserve

The US Senate Banking Committee has formally ended its effort to re-nominate Caroline Crenshaw as an SEC Commissioner, leaving a vacancy in the regulatory body. Crenshaw's tenure will end in January, and her replacement must be a Democrat to maintain the traditional party balance. Crenshaw, an anti-crypto advocate, faced severe backlash and procedural hurdles during her re-nomination process. Her departure, along with the upcoming resignation of SEC Chairman Gary Gensler, opens the door for a more pro-crypto stance under the new leadership of Paul Atkins. Potential Democratic candidates for the vacancy include Chris Brummer, TuongVy Le, Jai Messai, and Carla Carriveau. The crypto industry is optimistic about these political developments, as seen in Crypto.com dropping its lawsuit against the SEC. #SEC #Crenshaw #CryptoRegulation #Politics #Gensler #Atkins

The crypto market experienced a significant downturn, with over $850 million in liquidations following the Federal Reserve's announcement of a 25 basis point rate cut. Federal Reserve Chair Jerome Powell's cautious outlook on future rate adjustments sparked market uncertainty, leading to widespread sell-offs. Bitcoin dropped below $99,000, an 8% decline from its all-time high, and the broader crypto market, including Ethereum, also suffered losses. Coinglass reported $869.39 million in liquidations, with long positions accounting for $749.59 million and shorts for $119.80 million. Altcoins were significantly impacted, with over $222 million liquidated. Despite these setbacks, the crypto fear and greed index remains at 75, indicating strong bullish sentiment. Bitcoin-related investment vehicles saw notable inflows, with the iShares Bitcoin Trust by BlackRock recording $359.6 million in new investments. The recent market activity underscores the influence of U.S. monetary policy on the crypto sector and the resilience of investor sentiment. #Crypto #Bitcoin #FederalReserve #MarketVolatility #Liquidations #Investment #Ethereum #MonetaryPolicy