?? Weekly Crypto Market Update (Dec 2nd - Nov 8th)

Another week, another crypto rollercoaster! Bitcoin's at $98,687, Ethereum's at $3,870, and the market's feeling greedy (Fear & Greed Index: 81).

?? USDC Is the First Stablecoin to Meet Canadian Regulations

Circle's USDC is the first stablecoin to meet Canada's strict new crypto regulations. This means it can continue trading on Canadian crypto platforms after the Dec. 31 deadline. Circle's achievement underscores its commitment to global expansion and regulatory compliance. By meeting Canada's rigorous standards, USDC solidifies its position as a reliable and trusted digital asset. This milestone is significant for the cryptocurrency industry, as it demonstrates the growing maturity and acceptance of digital assets within traditional financial frameworks.

?? Bitcoin Breaks Records: A New All-Time High of $103K Reached

Bitcoin has reached a new all-time high of $103,583, a significant milestone driven by several factors. The incoming pro-crypto Trump administration, coupled with the Bitcoin halving event that reduces the supply of new coins, has boosted investor confidence. Additionally, the approval of Bitcoin ETFs has opened doors for institutional investors to enter the crypto market.?

?? Bitcoin's Sudden Fall Triggers Massive Liquidations

A sudden 5.47% price drop in Bitcoin on December 5th triggered a significant liquidation of long positions, totaling over $303.5 million within an hour. After Bitcoin's historic surge past the $100,000 mark, some investors may have decided to secure their profits by selling their positions, which resulted in Bitcoin plummeting to $92,957.

?? Saylor's Bitcoin Strategy Yields Billions in Unrealized Gains

MicroStrategy's Bitcoin bet has paid off big time. The company's Bitcoin holdings are now worth over $40 billion, generating over $17 billion in unrealized profits. This aggressive strategy, led by Michael Saylor, has significantly boosted MicroStrategy's stock price and market capitalization. As the company continues its Bitcoin buying spree, investors are optimistic about further gains.

?? Insider Trading Allegations Rock Hawk Tuah Memecoin

Haliey Welch's Hawk Tuah memecoin experienced a significant 90% price drop shortly after its launch. The launch was marred by controversy, with allegations of insider trading and sniping, where a small group of individuals acquired a large portion of the token's supply at launch. Despite Welch's denials of any insider activity, on-chain data suggests that a significant portion of the tokens was concentrated in a few wallets. This has led to widespread criticism and potential legal ramifications.

?? Young Crypto Entrepreneurs Dominate Forbes 30 Under 30

The 2025 Forbes 30 Under 30 list for finance featured a significant number of young crypto entrepreneurs. Nine of the 30 spots were awarded to founders of various crypto and blockchain-related companies. Notable among them was Polymarket founder Shayne Coplan, whose platform gained attention for its accurate prediction of the 2024 US presidential election. Additionally, several founders of decentralized exchanges (DEXs) were recognized, including those from Osmosis, Drift Labs, and Cortex Labs.

That wraps up this week’s #Tothemoon_Market_Update. Stay tuned for more news next week!