Key events in the crypto world in the past 24 hours! A quick 1-minute overview of overnight market movements | December 16th
TL;DR
Crypto markets declined due to macroeconomic factors and tech stock drags, with key events including MSTR's BTC holdings, CZ's ASTER buys, and MetaMask adding BTC support. Market uncertainty persists amid Fed chair speculation and project controversies like AAVE's revenue dispute.
Tags
🚨A roundup of the hottest Crypto news from last night: Get the market focus in 1 minute | 12/16
1⃣ #BTC , #ETH , and #SOl continued to decline and correct. Macroeconomic reasons or the decline of Broadcom and other AI-related stocks dragged down technology stocks, and Crypto concept stocks fell sharply.
2. Opinion: Market expectations of a 25 basis point rate hike by the Bank of Japan on Friday and renewed uncertainty surrounding the successor to the next Federal Reserve Chairman led to a decline in BTC. This week is a macroeconomic week; let's wait until next week for things to become clearer before trading.
3⃣ US-listed MSTR has a market capitalization of $46.5 billion and holds 671,268 BTC, with a market value of approximately $58 billion. Note that its premium has almost completely disappeared. However, due to debt, its volatility is approximately 2-3 times that of BTC.
4⃣CZ mentioned adding to his #ASTER holdings for the third time. However, the coin has fallen to 0.794, with a market capitalization of 7.5 billion, hitting a recent low.
5⃣ According to KOL Cato, his Binance Aplha points are 240, with daily losses of 3.3-3.6 USDT. This month, he received two airdrops, missed one, and missed the other. Overall, he is still breaking even.
6⃣ Polymarket's betting odds on the new Federal Reserve chairman show Kevin Warsh ahead of Kevin Hassett, with the former at 48% and the latter at 42%. Americans really do things differently when it comes to politics.
Since the crash on October 11, 7, Machi Big Brother has consistently long, resulting in 200 liquidations and a total loss exceeding $22.88 million. The community suspects he is hedging with short positions on centralized exchanges.
8. MetaMask has begun supporting the BTC network to advance the multi-chain process. Redeeming BTC on MetaMask will earn reward points, but the release date is unknown.
9⃣AAVE is embroiled in a war of words, with the community questioning whether the project team is "keeping" the AAVE front-end revenue for themselves, instead of letting it flow to the DAO protocol. UNI has previously been caught in a similar quagmire.