Microsoft Shareholders Reject Bitcoin Reserve Proposal
Microsoft shareholders have rejected a proposal to add Bitcoin to the company’s reserves at its annual meeting. The free-market NCPPR, which submitted the proposal, argued that Bitcoin is the next wave of technology, citing the reasons for diversifying profits and increasing shareholder value. However, shareholders cited Bitcoin’s volatility as a key concern. The company’s management had also recommended rejecting the proposal, stating that its current investment strategy already considers a wide range of assets, including Bitcoin.
Japan’s Second Largest Crypto Exchange Coincheck Is Going Public on NASDAQ
Japan’s second-largest cryptocurrency exchange Coincheck is going public on NASDAQ in a de-SPAC transaction. The company will merge with Thunder Bridge Capital, becoming the second crypto exchange to go public in the United States. With this move, Coincheck aims to reach an international investor base, use NASDAQ shares as a tool to attract talent and make global acquisitions. The market value of the company, which is going public, is expected to be around $1.3 billion.
Google’s Quantum Chip “Willow” Brings Bitcoin Security into Discussion
Google’s new quantum chip Willow, with a capacity of 105 qubits, has attracted attention with its striking processing power, while raising concerns about the security of Bitcoin and other cryptocurrencies. Willow completed a process that would take septillions of years to solve on a classical supercomputer in just five minutes. This development has revived the question of whether quantum computers will one day be able to crack cryptocurrency encryption algorithms.
Experts state that millions of qubits will be required to break Bitcoin’s encryption, and Willow is far from this capacity. Crypto developers have been preparing for quantum threats for years. Ethereum founder Vitalik Buterin announced that they are working on updates that will make the Ethereum network more resilient to quantum risks.
MARA Increases Reserves to 40,435 BTC with $1.1 Billion Bitcoin Purchase
Marathon Digital Holdings (MARA) purchased 11,774 Bitcoins with a $1.1 billion investment at a price of approximately $96,000, using the proceeds from the sale of zero-coupon convertible bonds. The company achieved a BTC return of 12.3% quarterly and 47.6% annual through 2024. As of December 9, 2024, MARA has an asset portfolio of approximately $3.9 billion, with reserves totaling 40,435 BTC, when the spot BTC price is evaluated at $96,500.
Eric Trump: Bitcoin Will Reach $1 Million
Speaking at the Bitcoin MENA event in Abu Dhabi, Eric Trump emphasized Bitcoin’s scarcity and transformative potential, predicting that its price will reach $1 million. Trump described Bitcoin as not just an investment vehicle, but a global asset, a store of value, and a hedge against various instabilities. He also noted that increasing government adoption and Bitcoin’s decentralized, intermediary-free nature will play a significant role in this rise.
Floki’s Zero-Fee Crypto Debit Card: Available in 31 European Countries
Memecoin project Floki (FLOKI) has launched a crypto debit card with zero transaction and exchange fees in 31 European countries. Users will be able to spend Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and FLOKI tokens at global stores that accept VISA and Mastercard.
The physical card is available for $33, while the virtual card is available for just over $10. The cards are compatible with more than eight blockchain networks and have a 2% balance loading fee. FLOKI’s VIP card option will allow users to spend up to $50,000 per day and $250,000 per month.
Ethereum Researcher Max Resnick Joins Solana Development Firm Anza
Max Resnick, one of the well-known Ethereum researchers, announced that he has left Consensys, where he worked for two years, to join Solana-focused development firm Anza. Resnick criticized Ethereum’s technical roadmap, arguing that a goal-oriented approach should be adopted instead of a solution-oriented one.
“I am excited about the opportunity to work with Anza’s talented developers,” Resnick said, adding that Ethereum’s original vision was lost due to processes and internal conflicts. This transition could reignite discussions on the technological and ideological differences between Ethereum and Solana.
Tether’s USDT Granted Official Acceptance on Abu Dhabi Global Market
The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) has approved Tether’s USD₮ stablecoin as an “Accepted Virtual Asset” (AVA). The decision allows authorized institutions to offer USD₮-related services and supports the United Arab Emirates’ strategy to integrate digital and traditional finance. For Tether, this step is considered an important advance in its efforts to increase financial inclusion and build a bridge between the traditional and digital economies.
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BITCOIN (BTC)
BTC is priced at $ 97,440 with a 0.88% gain as of the morning hours. BTC, which fell to $ 94,000 yesterday, closed with a 0.70% decrease with recoveries in the evening hours. BTC, which started the new day positively, is showing movement just below the 97,746 resistance. In order for the positive trend to continue in BTC, it will be important for it to first break the $ 97,746 resistance and maintain its stability above it. Then, $ 99,270 may work as the next resistance level. In possible pullbacks, $ 96,280 is an important resistance level. If it drops below this level and is sustained, 95.590 is our intermediate support and 94.490 is the next support level that can be met. It will be important for investors to carefully monitor the determined critical support and resistance levels.
ETHEREUM(ETH)
ETH is priced at $ 3,655 as of the morning hours with a 0.75% gain in value. ETH, which closed yesterday with a 2.26% decrease, seems to have ended its two-day decline series for now by starting the new day positively. If the positive trend continues for ETH, which is moving just above the support level of $ 3,637, it will be important for it to first break the $ 3,725 level and maintain its permanence above it. Then, the $3,790-$3,858 band can be met as the next resistance zone. In the event of a possible negative movement, the first support level is $3,637, and if this level is broken, the next support level can be met at $3,550. It will be important for investors to carefully monitor the identified critical support and resistance levels.
RIPPLE(XRP)
XRP is priced at $ 2.3380 as of the morning hours with a 1.36% loss in value. Although it started the day negatively yesterday, XRP closed the day with a 7.16% increase. XRP, which started the new day negatively, seems to have been rejected from the $ 2.3645 resistance level in the morning hours. If the possible negative movement continues, $ 2.2300 is the first support level. If this level is broken and maintained below, the $ 2.0740 level appears as the major support level. In a possible positive movement, it will be important to first break the 2.3645 level and not close the candles above it. Then, $ 2.4935 can be met as the next resistance level. It will be important for investors to carefully monitor the determined critical support and resistance levels.
AVALANCHE(AVAX)
AVAX is priced at $ 44.14 as of the morning hours with a 1% loss in value. Closing yesterday with a 0.93% decrease, AVAX started the new day with minor pullbacks. For AVAX, which is moving just above the support zone, it will be important for it to break the $ 45.08 level and close candles above it in a possible positive movement. Then, the $ 48.25-50.03 resistance zone can be met. Above these levels, the $ 52.45 resistance level continues to be protected. If the negative movement continues, it is critical not to lose the $44-42.58 support zone. If this zone is broken downward, the pullback to $38.27 levels may continue. Therefore, it is important for investors to carefully monitor the identified critical support and resistance levels.
SOLANA(SOL)
SOL is priced at $ 220 levels with a 2.70% gain as of the morning hours. Closing yesterday with a 1.40% decrease, SOL started the new day positively by encountering purchases from support levels. If the positive trend continues for SOL, which tested the $ 203 levels again yesterday, the $ 222-226.51 band can be met as the resistance zone first. If these levels are broken and maintained above, the $ 233.34 level is the next resistance level. In case of a possible negative movement, the $ 214.70 level is the first support position. If this level is broken and candles close below it, the $ 208-205 band maintains its support position. It will be important for investors to carefully monitor the determined critical support and resistance levels.
