📊 C.Q.: Several important events occurred before the #BTC correction: SSR (stablecoin supply ratio) reached a two-year high;
- the Mara Pool miner sold part of his position;
- 50%+ profit in BTC turnover has been achieved, which is historically a local maximum;
- prices reached the resistance of long-term holders.

🕵️‍♂️ Trader opened shorts on #BTC and #ETH 5 hours before the correction. Unrealized profit ~200 thousand $. He previously traded on GMX 46 times, the percentage of successful trades is ~35%, the total profit is ~$457 thousand, the average leverage is x14, and the average time in position is 7 days. Despite the low percentage of successful trades, the loss is small due to the stop loss.

🇰🇷🕹The Korean Financial Services Commission (FSC) has announced a legislative notice on the provisions of the Cryptocurrency Law. Among other things, the law establishes a framework for criminal penalties and fines for unfair trading in virtual assets, such as insider trading and market manipulation. #regulation fsc.go.kr

⚠️🇷🇺 #RUB Binance will stop supporting the ruble on P2P.

📊 The market has experienced its biggest and fastest #BTC drop since August. However, traders are optimistic, and therefore are actively buying out the drawdown.

🤝 #BTC wallet Conio and Coinbase team up to provide cryptocurrency to Italian banks
coindesk.com

📊 Comparison of crypto rally before #BTC halvings.

👀 #WLDWorldcoin signs new credit agreement with 5 market makers for WLD 10 million. They will have to return the received WLD after 6 months. Thus, on December 16, the circulating supply will increase by WLD 10 million.

💰cLiquidium, a proprietary P2P lending solution for Bitcoin Ordinals NFTs, announced the completion of a $1.25 million funding round from Bitcoin Frontier Fund, Side Door Ventures, and others.
liquidium.notion

💰👀 #AI NVIDIA invested $250 million in Vietnam to support the development of artificial intelligence. Reuters.com

🕵️‍♂️🐳 Keith forknownoworlose36eth.eth (formerly blurr.eth) exchanged 1.14 million #DAI for 849 #MKR at an average price of $1345.

- Over the last 4 days, this whale has exchanged 3.84 million DAI for 2721 MKR at an average of $1411.

📊 Report CoinShares on financial flows in CreeFri for the last week:

Inflows into digital assets investment products totaled $43 million, the 11th week in a row, but a marked decline from previous weeks.

#BTC - influx of $20 million. Inflow in short positions $8.6 million

#ETH - inflow of $10 million

Minor inflows into #SOL #LTC and #XRP.

🔄📝 #KLAY Klaytn released v1.12.0. The version includes two different hard forks. The first is features equivalent to the Ethereum Caucun hard fork, and the second is an additional hard fork that implements randomness in the Randao network.
medium.com

🕵️‍♂️ 2 newly created addresses 0x28b and 0x0ab withdrew a total of 30482 #ETH ($68.8 million) from Coinbase at a price of $2259.

👀🇺🇸 #macro Goldman Sachs expects Fed to make first rate cut in Q3 2024 - Reuters

✅🔄 #ZIL Zilliqa successful deployed v9.3.0 update on mainnet.

🕵️‍♂️ Wallet, associated with Hashkey, transferred 7000 #ETH to Binance. Between December 5 and December 9, the wallet withdrew a total of 26,114 ETH ($60.9 million) from Binance and OKX at a price of $2,333.

👀 #COOK Rune Alpha will launch testnet this week.
twitter.com

🤝 #OCEAN #OP Ocean Protocol deployed their smart contracts and Ocean Market on the Optimism network.

🔁 veDAO has been transformed and upgraded into the TrendX trading platform, and also plans to launch AI trading functions next year.
twitter.com