Thomas Peterffy, founder of Interactive Brokers, warned: "If Bitcoin plummets 30%, 40%, 50% in one day, there will be many bankruptcies and clearing houses will not be able to pick up the pieces." When asked directly about his views on Bitcoin, Peterffy admitted that he was "scared" about it, adding that "Bitcoin can go to any price because it is basically just an imaginary thing and it has no intrinsic value." (businessinsider)

According to OnchainLens monitoring, 20 minutes ago, the wallet associated with the Pendle team sent 562,500 PENDLE worth US$3.47 million to Binance.

According to Odaily, Thomas Peterffy, founder and chairman of Interactive Brokers, often referred to as the 'Father of High-Frequency Trading,' has expressed concerns about a potential Bitcoin crash being one of the significant risks that could lead to a stock market decline in 2025. In a recent interview with Bloomberg, Peterffy elaborated on his worries regarding the possible downturn of the U.S. stock market in 2025. He highlighted the high leverage levels within the financial system as a primary concern. Peterffy stated, 'The risk of an economic downturn is very high because margin balances are growing very, very fast, and I am very worried that people have overextended their financial capabilities.' One area where margin risk has significantly increased is Bitcoin, partly due to the low fees charged by the Chicago Mercantile Exchange (CME) for Bitcoin futures. Data from YCharts indicates that margin debt, as reported by the Financial Industry Regulatory Authority (FINRA), reached approximately $815 billion in October, marking the highest level since February 2022. Meanwhile, MicroStrategy has recently raised billions of dollars through debt to increase its Bitcoin reserves. If Bitcoin were to experience a sudden and sharp decline, investors might be forced to sell assets to meet margin calls, thereby exerting additional pressure on prices.

According to BlockBeats, recent market observations by QCP highlight a growing challenge in finding reasons to be pessimistic about Bitcoin's spot price. Despite this optimism, the options market is signaling caution. Even as spot prices reach new highs, there is a persistent skew towards put options over call options. This trend may indicate that investors are more inclined to hedge against risks rather than aggressively pursue gains. Adding to the bullish sentiment, VanEck has forecasted that the cryptocurrency market will reach a 'mid-term' peak in the first quarter of 2025, setting a target price of $180,000 for Bitcoin. This prediction is bolstered by ongoing positive sentiment. Furthermore, the Financial Accounting Standards Board (FASB) in the United States has adopted fair value accounting standards for Bitcoin and other digital assets. This allows companies to directly reflect fair value gains in their net earnings, marking a transformative move for corporate finance departments holding Bitcoin. The supportive regulatory environment could potentially trigger a cross-asset feedback loop. Companies holding Bitcoin as a reserve asset may find it easier to raise funds, which could non-linearly drive institutional demand for Bitcoin. This development underscores the evolving landscape of digital assets and their integration into traditional financial systems.

The crypto market's transformation in the fourth quarter has put the industry in a race with Wall Street for dominance in terms of 2024 performance. Coinbase, in particular, has performed well, with its exchange revenue now ranking fifth in the world. Data confirms that Coinbase's revenue reached $5.75 billion in the past 12 months, surpassing Nasdaq and the Chicago Board Options Exchange (CBOE). Jamie Coutts, chief cryptocurrency analyst at investment firm Real Vision, said on December 17 that cryptocurrencies are eating into the share of traditional finance (TradFi). (Cointelegraph)

On Dec 17, 2024, 11:50 AM(UTC). According to Binance Market Data, Ethereum has dropped below 4,000 USDT and is now trading at 3,999.780029 USDT, with a narrowed narrowed 2.09% increase in 24 hours.

Thomas Peterffy, founder and chairman of Interactive Brokers and the "father of high-frequency trading," believes that a potential Bitcoin crash is one of the biggest risks that could lead to a stock market decline in 2025. In an interview with Bloomberg last week, Peterffy explained why he is worried that U.S. stocks could fall in 2025. The problem Petterffy sees is the high level of leverage throughout the system. "The risk of a downturn is very large because margin balances are growing very, very quickly, and I am very worried that people are overextending their financial capabilities," he said. One area where margin risk has increased significantly is Bitcoin, thanks to the low fees charged by the Chicago Mercantile Exchange (CME) for Bitcoin futures. According to YCharts data, the Financial Industry Regulatory Authority (FINRA) margin debt reached its highest level since February 2022 in October, at about $815 billion. Meanwhile, MicroStrategy recently raised billions of dollars in debt to increase its Bitcoin reserves. If Bitcoin suddenly falls sharply, investors may be forced to sell assets to deal with margin calls, putting more pressure on prices. (Businessinsider)

OKX market shows that ETH fell below 4000 USDT and is now at 3999.67 USDT, with the 24-hour increase narrowed to 2.05%. (This newsletter is generated by AI)

عادت عملة البيتكوين (BTC) إلى وضع الاكتشاف وتحقيق القمم الجديدة. ارتفعت عملة البيتكوين إلى مستوى 107,800 دولار خلال جلسة التداول الآسيوية، لكنها استقرت لاحقا فوق 107,000 دولار. مع هيمنة سوقية تقترب من 54% وقيمة سوقية تفوق 2.1 تريليون دولار، تواصل عملة البيتكوين تأكيد مكانتها كأصل رائد في السوق. تألق عملة الريبل XRP: شهدت عملة الريبل … The post عملة الريبل تستعيد المركز الثالث بعد ارتفاع بنسبة... source: https://arab-btc.net/ripple-xrp-reclaims-3rd-spot/