Happy Tuesday!

In today's CryptoSlate daily newsletter, we dive into pivotal developments shaping the cryptocurrency landscape. Trump’s Pro-Crypto Pledge: Industry players are eagerly anticipating a series of executive orders from President-elect Donald Trump on his first day in office, which could include establishing a Bitcoin strategic reserve and enhancing access to banking services. Meanwhile, Quantum Hack Concerns are resurfacing as researchers warn that advancements in quantum computing could pose a significant threat to Bitcoin's encryption within the next decade, potentially impacting trillions in value. Additionally, Market Volatility is evident as Bitcoin recently fell to $95k following $540 million in long liquidations, underscoring the risks of overleveraged trading. Lastly, MicroStrategy’s Ambitious Plans reveal intentions to boost its Bitcoin holdings significantly, increasing its shares from 330 million to 10 billion as it seeks to solidify its position in the digital asset space. Stay tuned for more insights and analysis on these critical topics!

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The global crypto market cap is $3.41 trillion, with a 24-hour volume of $149.14 billion. The price of Bitcoin is $97,428.21, and BTC market dominance is 56.6%. The price of Ethereum is $3,452.51, and ETH market dominance is 12.2%. The best-performing sector is Base Ecosystem, which gained 18%. The Crypto Fear & Greed Index is currently Greed (73).

📰 Top News

Trump’s pro-crypto pledge could see day-one executive orders, industry players hope

A Bitcoin strategic reserve, access to banking services, and the creation of a crypto council are among the items on the industry's 'wishlist.'

WSJ reheats Bitcoin’s quantum hack concerns, researcher calls it a ‘time bomb’

The article addresses a threat well-known to crypto enthusiasts, which is the possibility to breach Bitcoin's encryption using quantum computer within 10 years.

Bitcoin tumbled to $95k after $540 million in long liquidations

Long liquidations highlight the peril of overleveraged trading as Bitcoin's rapid decline shatters key support levels.

MicroStrategy’s $42 billion Bitcoin plan includes increasing shares from 330 million to 10 billion

MicroStrategy prepares to tackle new governance challenges as it strives to amplify its role in the digital asset sphere.

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Latest Insights

• MicroStrategy invests $561 million in Bitcoin amid market pullback

• Mt. Gox has shifted $364 million in Bitcoin to B2C2 this month

🗞️ More News

• Telegram’s 4x YoY subscriber growth pushes platform to profitability

• Nokia files patent for digital asset encryption as it eyes blockchain potential

• FBI reveals North Korea used LinkedIn to steal $305 million from Japan’s DMM Bitcoin

• El Salvador touts Bitcoin success in talks with China

• Memecoins capture 31% of investor mindshare in 2024, surging 4x in popularity