OKX market shows that ETH fell below 3400 USDT and is now at 3399.96 USDT, with the 24-hour increase narrowed to 5.01%. (This newsletter is generated by AI)

According to PANews, a Shenzhen employee who was laid off after a probationary period received 20,000 yuan in wages and 10,000 yuan in compensation from the company. The employee claimed an additional 25,000 yuan in unpaid virtual currency wages and took the matter to court. The court ruled that the employee's evidence was insufficient and noted that Tether (USDT) is not recognized as legal currency. Consequently, the court ordered the company to pay an additional 10,000 yuan in compensation but dismissed the claim for virtual currency wages. The employee's appeal was rejected, and the original judgment was upheld.

According to the 2024 on-chain user report released by blockchain growth platform Flipside, ·Base's monthly new users have soared 56 times this year. In October 2024, the number of new users in the crypto field surged to a record 19.4 million, of which Base contributed 13.7 million, almost 8 times that of the second-place Polygon; Base also attracted 15.1 million super users and executed more than 100 decentralized finance (DeFi) transactions. This increase is 38.4% higher than the second-ranked Ethereum, which has 10.7 million super users. ·Ethereum has an average of 1.56 million new users per month, surpassing its L2 networks Arbitrum and Optimism. The number of DeFi-related super users on the Ethereum chain reached 10.9 million, far exceeding the 6.2 million and 1.8 million users of Arbitrum and Optimism. · Meanwhile, the number of new Bitcoin users increased by only 935,900 per month. During the sharp rise in Bitcoin in March, the number of new monthly users of the Bitcoin network increased by 19.2%. But during the rise after the US election in November, the number of new Bitcoin users fell by 28.5%. (Cryptopotato)

Bitcoin has experienced a major correction, falling 15% from its all-time high of $108,300. The price drop marks a sharp shift in market sentiment, which has quickly shifted from extremely bullish to uncertain and cautious. As altcoins have been hit hard, Bitcoin's pullback has raised concerns about the sustainability of the recent rally. Top analyst Maartunn recently highlighted that the correction coincided with the worst sell-off on Coinbase since October 26, when BTC was trading at $66,000. The increase in selling pressure clearly shows that the market has shifted from a bullish market to one filled with fear and hesitation. The combination of reduced buying activity and rising selling pressure suggests that the market is struggling to maintain its upward momentum. In addition, Bitcoin is currently testing the $92,000 mark for support. (Bitcoinist)

On Dec 21, 2024, 12:35 PM(UTC). According to Binance Market Data, BNB has dropped below 670 USDT and is now trading at 669.75 USDT, with a narrowed narrowed 3.63% increase in 24 hours.

The tension between Canada and the United States has hit a boiling point. President Donald Trump is back on his favorite stage (Twitter) throwing out threats of a 25% tariff on Canadian goods and even ridiculously suggesting that Canada should become the “51st state.” In response, Canada is preparing to strike back hard. Its retaliation […] source: https://www.cryptopolitan.com/canada-lethal-retaliation-trump-tariffs/

The price of Bitcoin fell to around $92,000, Friday afternoon, December 20 after the US Federal Reserve’s rate cut triggered a sharp selloff in the crypto market. However, the premier cryptocurrency seems to be recovering nicely, having returned above the $97,000 level on the same day. While investors would be hoping to see the Bitcoin price reclaim its current all-time high of $108,135 again,... source: https://www.newsbtc.com/news/bitcoin/bitcoin-price-could-rally-to-178000-if-history-repeats-heres-why/

OKX market shows that SOL fell below 190 USDT and is now at 189.99 USDT, with the 24-hour increase narrowed to 3.94%. (This newsletter is generated by AI)

CryptoQuant, an on-chain data analysis agency, published an article analyzing CEX leverage risks in the bull market. Despite the sharp increase in open interest this year, Binance has maintained strong reserves among major exchanges, with its Bitcoin, Ethereum, and USDT reserves far exceeding its open interest. Binance also reported the lowest and most stable leverage ratio among major exchanges, with a leverage ratio of 12.8 in December 2023 and a slight increase to 13.5 in December 2024, coupled with a 2.6-fold increase in Bitcoin open interest (from $4.45 billion to $11.64 billion), highlighting Binance's ability to cope with market volatility and chain liquidations. In addition, OKX also maintained a low leverage ratio.

Bitcoin’s price surge toward the $100,000 mark on December 20 appeared bittersweet for investors in the US spot Bitcoin exchange-traded funds (ETFs). While Bitcoin briefly exceeded $99,000 earlier in the day, the positive price movement contrasted sharply with the net outflows from Bitcoin spot ETFs, which saw a significant drain of capital. Monday began on […] source: https://www.cryptopolitan.com/bitcoin-price-surges-to-99k-btc-etf-outflow/

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