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Here's a quick preview of today’s content: Bitcoin breaks the $100k mark that bulls have been long waiting for, Putin notes the Bitcoin can’t be banned, Trump officially nominates a pro crypto SEC Chairman, Argentina builds Bitcoin bunker, no signs of slowing down for BlackRock’s Bitcoin ETF, and more

Happy almost Friday, let’s dive in.

Market Snapshot

• Bitcoin crossed $100,000 for the first time ever and eclipsed a $2T market cap

A timeline:

Bitcoin hit $100 on March 31, 2013
Bitcoin hit $1,000 on November 28, 2013
Bitcoin hit $10,000 on November 29, 2017
Bitcoin hit $100,000 on December 4, 2024 🏆

Headline Roundup
^{_{The major headlines driving crypto markets}}

• Trump announces former SEC commissioner Paul Atkins as his pick for SEC chair (CD)

• President Vladimir Putin praises Bitcoin, claiming it can’t be banned (DC)

• Fed chair Jerome Powell compares Bitcoin to gold (BM)

• BlackRock’s iShares Bitcoin Trust IBIT has surpassed $50B in AUM, achieving the milestone in just 228 days—more than 5x faster than any other ETF in history (DC)

• Another celeb rug pull? Hailey Welch's 'Hawk Tuah' coin launches with over 97% of the coin supply in devs wallets causing outcry from the community (BN)

• Bitcoin miner Foundry confirms it laid off 15% of its employees (DC)

• Fund manager Grayscale files to transform its Solana trust into an ETF (CD)

• Asset manager REX Financial launches a crypto income ETF (CT) 

• Roger Ver, asks a federal judge to dismiss a tax evasion case against him (DC)

• Data from Fireblocks shows over 150% annual increase in institutional Defi activity (TD)

• Binance US announces a listing for popular memcoin PEPE (CT)

• Ethereum NFTs experience a 57% volume spike in November (CT)

• New York mayor, Eric Adams, boasts about his Bitcoin holdings (CT)

• Digital asset company BitGo looks to launch its services in India as part of foreign expansion (CT)

• Crypto.com to offer Mastercard-powered prepaid cards in Bahrain (CT) 

• Darknet mogul Stanislav Moiseev sentenced to life because of money-laundering operations (CT)

• Hut 8 to raise up to $500M to buy Bitcoin as a strategic reserve asset (CT)

• Mt. Gox moves $2.8B in BTC amid Bitcoin's surge past $100K (CD)

• The infamous Bitcoin pizz

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Launches

• The newly launched Coral protocol enables cross-chain swaps with minimal slippage and almost instant finality (BW)

• A blockchain-based gifting platform Gitfo mints and dumps $8.6M worth of tokens after its delisting from Binance (TD)

• PancakeSwap announces its PumpFun fork for BNB chain (CT)

• Solana based gameFi platform Sloco announces meme coin staking with steady rewards (CD)

Venture Capital

• Defi.app raises $2M in a seed round led by Mechanism Capital (TB)

Regulation

• Argentina opens its first crypto custody military grade bunker (CN) 

• Missouri looks to disqualify CBDCs as legal tender (CS) 

• USDC issuer Circle is the first to comply with new Canadian listing rule (CN)

Cybersecurity

• CFTC announces a record-breaking $17.1B in monetary relief for fiscal year 2024, largely driven by enforcement actions involving cryptocurrency cases (CT)

Extra Reads

• Ethereum co-founder Vitalik Buterin proposed a new standard for Ethereum wallets in a Dec. 3 in which he stated “Recently, we have seen a lot of progress on improving user experience, security and functionality of Ethereum wallets. The goal of this post is to give my own views of some of the properties that an ideal Ethereum wallet would have.” Read the full blog post here

• Ripple is preparing to launch its United States dollar-pegged stablecoin Ripple USD (RLUSD). Here is everything you need to know

Chart of the Day

6 digits never looked so nice

Meme Dump

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