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- 📉 Bitcoin Flash Crashes 34%... In South Korea
📉 Bitcoin Flash Crashes 34%... In South Korea
PLUS, Coinbase adds MOG to its listing roadmap
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President Yoon Suk Yeol has just declared martial law in South Korea. He says this emergency measure has been taken to remove pro-North Korea forces from the country.
Basically, the military will rule the country temporarily. They’ve already announced the suspension of all parliamentary activity.
On the heels of this development, crypto assets trading against the Korean won registered flash crashes as kneejerk reactions. The difference between the daily high and daily low of BTC, for instance, stood around 34%.
Brutal, I’d say.
Meanwhile, in the US, President Biden pardoned his son Hunter Biden. In a very emo statement, he said,
“Raw politics has infected this process and it led to a miscarriage of justice — and once I made this decision this weekend, there was no sense in delaying it further. I hope Americans will understand why a father and a President would come to this decision.”
Such a flip for someone who time and again asserted that he’d not use his authority to pardon his son or commute his sentence.
Meanwhile, on the listings front, MOG holders have something to rejoice about! Coinbase has just added the asset to its roadmap.
Hix0n is prolly the happiest man out there today.
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basedAI/WETH Uniswap 1D Uniswap Log Chart
BasedAI has been in a range since March, but it looks like it’s about to be left behind, supported by some big bars of volume coming in.
C2M is supporting on Twitter, looking to scoop out a 20x. The project’s mainnet went live recently and it seems there may be some vertical accumulation underway.
Come by the Lucky Luke Discord channel for comments, to roast my picks or to pump your own bags. All banter is welcome any time!
Utility bros got no chill. The oughta keep delivering. Chainlink has the same mindshare as Dogecoin today. Now, you may ask why?
Chainlink has tied up with European DLT exchange 21X.
21X, in turn, has managed to secure an EU license to operate a tokenization platform.
By adopting the Chainlink standard, price feeds will underpin 21X’s trading engine and CCIP will connect it to assets across the on-chain economy.
Price-wise LINK is up 21% on the daily. It’s trading around $25, a level last visited in Jan. 2022.
On the meme-side of the spectrum, it is interesting to note that top coins from this boat have registered the most smart money inflow over the past 24 hours.
More than $1 million has flown into MOODENG, while others like POPCAT and CHILLGUY registered six-digit flows
Osmosis has just rolled out its Bitcoin bridge. You can now deposit your BTC on the Bitcoin network and receive a token called alloyed BTC (allBTC) on Osmosis.
If you’re a bit clueless, Osmosis is a Cosmos ecosystem bridge. The governing DAO agreed to adopt Bitcoin bridge Nomic a couple of months back, and voilaaaa, the integration just went live today.
You know, I know, everyone knows that tokens issued on Ethereum or Solana have a bunch of DEX options open to them. However, not all assets — with BTC being the most obvious — have their own native DEXes, and Osmosis is tryna bridge that gap.
You can now transfer native Bitcoin directly to Osmosis in a decentralized, non-custodial way. No middlemen needed. It’d be interesting to see how this plays out.
The team is filled with Bitcoin maxis and other proposals along the lines of purchasing $250k worth of BTC to bolster protocol liquidity have also been passed over the past few days.
Alongside, the ecosystem stats seem to be great too. Osmosis passed $37 billion in total spot trading volume last month — vibin’ and thrivin’!
The important bits.
FraxFinance is coming to Sonic; FRAX, frxETH, FSX, and their yield-bearing versions will be tradable exclusively on SwapX
HYPE perpetual market goes live on Demex
Utgard game launches on Solana Mobile dApp store
Curve Finance’s scrvUSD gets its first yield market on Spectra
Avalanche9000 to launch on mainnet on December 16
Even more important bits.
Coinbase solidifies on-ramp services with Apple Pay integration
What to expect from Magic Eden's 125 million ME airdrop?
Memecoin roundup: PEPE trader turns $242k to $7.53 million; Coinbase lists MOODENG
US government transfers $2 billion BTC seized from Silk Road to Coinbase Prime
Nike-owned NFT wearables company RTFKT to sunset in January
Sora Ventures launches a $150 million fund to help Asian firms adopt Bitcoin treasury strategies
Charts and stats of the day.
Spot crypto exchange volume hit $2.7 trillion last month, the highest since May 2021
The amount of BTC held by spot ETFs is now the same as Satoshi Nakamoto's legendary stash
Life gets busy so here’s what you’ve missed.
Michael Saylor and the Future of Bitcoin: What You Need to Know
Podcast
On this week's ABO episode, Jedi and Noah Seidman discuss Bitcoin and Bitcoin DeFi, looking into what to expect from TradeFi and the crypto markets over the short and long term. Alongside MacroEcon, they also touch upon Bitcoin as a collateral, Michael Saylor's relentless belief, and pro-BTC Presidents.
Candlestick [copy-trading platform]
Solana ID [identity protocol]
Mark to Market [mobile agent that facilitates trading]
To save you doom scrolling.
If you missed the XRP rally and feel left out, remember, you’re just focussing on one tree even though you have access to the whole forest.
Mind you, XRP holders had to wait for more than half a decade for their fate to change. Nothing happens overnight. Zoom out, cherrypick your trees and wait patiently for them to bestow their fruits upon you.
You got this, anon!
stay safe homies,
Lavina 🫡
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