Cryptocurrencies traded at big discounts in the South Korean market Tuesday but recovered amid intense political drama in the East Asian nation. What happened: Major coins like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) sharply fell in value on Upbit, South Korea's largest cryptocurrency exchange.

Bitcoin has experienced notable whale activity since the conclusion of the US election on November 5, with an increase in the volume of Bitcoin transferred to exchanges by active whale addresses. However, contrary to what one might expect, there hasn't been a significant surge in profit-taking activity among these large holders, a CryptoQuant analyst named onatt revealed in a recent post on the QuickTake platform.

What's driving MicroStrategy's relentless push toward acquiring more BTC?

Roger Ver, famously dubbed “Bitcoin Jesus,” is no stranger to controversy. Now, he's up against U.S. prosecutors who accuse him of dodging $48 million in taxes tied to Bitcoin sales. Ver isn't just denying the charges. He's calling the tax rules themselves unconstitutional.

A crypto analyst highlighted significant Bitcoin inflows to crypto exchanges from whales, who are still holding back on making any major moves.

Foundry, a major mining pool and a subsidiary of DCG, laid off 60% of its staff. These layoffs targeted the company's non-core functions, including its entire hardware team and a possible future sale of mining site operations.

The US government recently moved a substantial portion of its Bitcoin holdings, amounting to $1.92 billion, raising concerns about the future of Bitcoin reserves under the upcoming administration. This transaction, which included $963 million moved to Coinbase, has reignited discussions on the potential for the US to liquidate its Bitcoin holdings before President Joe Biden leaves office, potentially undermining plans by President-elect Donald Trump to create a US Bitcoin Reserve.

As we step into December 2024, altcoin season is in full throttle. The Altcoin Season Index hitting an all-time high of 88/100 signals a massive shift in focus to alts, and Solana is once again in the spotlight.

Roger Ver is contesting a U.S. criminal indictment accusing him of evading $240 million in taxes from Bitcoin sales.

Virgin Voyages has become the first cruise line to accept Bitcoin, unveiling its 2025 Annual Pass. The pass, priced at $120,000, offers unlimited cruising for a year and exclusive amenities, targeting crypto investors and global travelers.

Solana (SOL) is currently up by more than three percent and is trading close to the $240 levels. The recent price increase comes after Grayscale Investments filed with the SEC to convert its Grayscale Solana Trust into a spot ETF.

Marathon Digitals Growth: Driving Investor Confidence Bitcoin (BTCUSD) is currently consolidating after reaching a new all-time high of $93,483, with prices trading around $95,123. Both MicroStrategy and Marathon Digital Holdings (MARA) have significantly increased their Bitcoin holdings, reflecting strong institutional interest as Bitcoin approaches new highs.

Roger Ver is contesting a U.S. criminal indictment accusing him of evading $240 million in taxes from Bitcoin sales.

Bitcoin prices consolidate near the $95,000 level. BTC must clear the $96,500 resistance zone to attempt a fresh increase in the near term.

Solana ETF is gaining more support to be released in the United States after Grayscale, following others' moves to be proposed to the commission.

The cryptocurrency market appears super interesting due to ongoing developments in the industry. Today, December 4, 2024, the giant asset manager Grayscale Investments has officially filed for a Solana Exchange-Traded Fund (ETF) with the New York Stock Exchange (NYSE).

Roger Ver, a leading cryptocurrency advocate and early Bitcoin investor, has urged a US court to dismiss tax evasion charges filed against him. He is most popularly known as ‘Bitcoin Jesus' among his 745,000 followers on X (formerly Twitter).

Foundry, the world's largest Bitcoin mining pool, has sent more than 60% of its staff packing today.

Bitcoin has experienced a few days of ranging price action following its recent drop from $99K to $90K. The price is now holding above the $95K level, and this area is crucial in determining whether BTC will continue its ascent toward the $100K mark or retrace to find liquidity in lower levels.

CEO and Chairman of Bitcoin miner Marathon Digital, Fred Thiel, has called for grid operators and renewable asset owners to use Bitcoin mining to manage grid congestion due to excess energy. Thiel expressed this view in response to a recent report about excess energy being wasted by wind farms in the UK.

XRP fell to $2.27 as South Korea's martial law announcement rattled markets, but price recovery highlights robust investor demand.

Bitcoin price cooled off at the start of December, but several bullish catalysts support investors' belief that $100,000 BTC is around the corner.

In the latest episode of The Milk Road Show, Charles Edwards, founder of crypto hedge fund Capriole Investments, provided an in-depth analysis of Bitcoin's current state, its future trajectory, and the potential conclusion of the traditional 4-year Bitcoin cycle. Edwards posits that Bitcoin's journey to $100,000 could be the catalyst for an unprecedented price acceleration.

Investments and innovation: Grayscale's strategy in the crypto market.

Altcoin season has arrived: From Dogecoin and XRP to Tron and even metaverse tokens, traders are seeking heady gains following Bitcoin's meteoric rise.

The New York Stock Exchange filed an application with the SEC to create an ETF based on Grayscale's Solana Trust. This filing joins several other Solana and XRP ETF applications in recent days.

Japanese Prime Minister Shigeru Ishiba has expressed “caution” about scrapping the country's controversial crypto tax law. Ishiba has also suggested he will not be rushed into approving Bitcoin spot ETFs. The post Ishiba Lukewarm on Japanese Crypto Tax Reform and Bitcoin ETF Approval appeared first on Cryptonews.

Grayscale Investments has taken another step to expand its footprint in the digital asset market, filing with the US Securities and Exchange Commission (SEC) to convert its Grayscale Solana Trust into a spot exchange-traded fund (ETF).

TD Cowen analysts argue that Trumps strong commitment to dollar dominance makes adopting a Bitcoin reserve improbable, as advocates face an uphill battle for policy change. Trumps Dollar-First Strategy Blocks Bitcoin Reserve Proposals According to TD Cowen analysts, incoming US President Donald Trumps steadfast confidence in the dollars primacy as the global reserve currency makes him unlikely to back calls for a US Bitcoin reserve, Investing.com reports.

Dtcpay, a cryptocurrency payment platform in Singapore, will switch to supporting only stablecoins starting in January 2025. With this move, the firm intends to stop accepting Bitcoin (BTC) and Ethereum (ETH) for payments.

Dan Roberts, Iren co-Founder & co-CEO, joins 'Closing Bell: Overtime' to discuss powering Bitcoin mining and AI.

Crypto-based spot ETFs have gained traction in recent months amid a shift in regulators' attitudes toward digital assets in the U.S.

Grayscale Investments has filed a 19b-4 with the SEC to convert its Solana Trust into a spot ETF. With $134M under management, GSOL could lead the way in a fiercely competitive crypto ETF market.

Grayscale Investments has filed to list a spot Solana (SOL) ETF on the New York Stock Exchange, joining a major growing firm that is seeking to launch Solana ETFs in the U.S. This filing sent Solana's price surging by $10 immediately.

Bitcoin price is possibly gearing up for a sharp price surge in the coming 1-2 months, according to CryptoQuant research. The report finds a rare “golden cross” signal in the SOPR Ratio indicator.

Altcoin season index hit 82, indicating a strong alt season last seen in Q4 2023.

After the XRP rally above $2.60, the primary token was not enough. The Ripple army is now trying to build a native meme token ecosystem.

Cryptocurrency markets are trading lower on Tuesday, with altcoins continuing their strong performance. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $96,114.25 +0.8% Ethereum (CRYPTO: ETH) $3,616 +0.2% Solana (CRYPTO: SOL) $236.50 +3.2% Dogecoin (CRYPTO: DOGE) $0.4116 -2% Shiba Inu (CRYPTO: SHIB) $0.00002826 -2% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 125.5% and daily active addresses growing by 28%.

Brazilian banking giant Itaú Unibanco enhances its digital asset offerings by launching cryptocurrency trading services on its Ion investment platform, allowing customers to trade Bitcoin and Ethereum with a minimal entry threshold.

The New York Stock Exchange's exchange-traded product platform filed a form on behalf of Grayscale Investments, LLC for a spot Solana ETF.

Polymarket bettors are giving Microsoft shareholders' just a 10 percent chance of approving Michael Saylor's bitcoin investment strategy, a poll on the dentralized prediction market shows. The shareholder vote comes as Michael Saylor's MicroStrategy has experienced a dramatic increase in value following Bitcoin's post-election surge. The post Polymarket Bettors Predict Microsoft Has 10% Chance Of Approving Bitcoin Investment appeared first on Cryptonews.

Grayscale's Solana ETF filing on NYSE Arca coincides with a 6% surge in Sol's price, amidst growing institutional adoption and regulatory talks. The post Grayscale files for Solana ETF as SOL token surges 6% appeared first on Crypto Briefing.

Grayscale joins 21Shares, Canary Capital, VanEck and Bitwise as the other ETF issuers looking to win the SEC's approval.

Grayscale joins rivals 21Shares, Canary Capital, VanEck and Bitwise in filing for a Solana ETF in the US.

Major Bitcoin mining firm Mara Holdings (formerly Marathon Digital) has reportedly bought a major wind farm in Texas to help charge its mining ambitions. The Florida-registered company is one of the biggest crypto mining facilities in the world and is looking to keep expanding aggressively despite tough mining conditions after the 2024 halving.

Asset Management firm Grayscale Investments has applied to list a spot Solana ETF product with the New York Stock Exchange (NYSE). This filing places Grayscale among the growing list of firms now pressing to list the product in the United States.

Bitcoin wallet has come to life, revealing a staggering profit for its owner after more than a decade of dormancy.

Virgin Voyages, the cruise line created by Sir Richard Branson, has joined the list of companies that accept Bitcoin (BTC) for payment for services. This step taken by the company is revolutionary as it makes the company the first to embrace the use of cryptocurrency in the travel industry.