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Cointime News Wrapup-Afternoon Version: Galaxy Digital CEO ‘Wouldn’t be Surprised’ if Bitcoin Hit $30K This Quarter
To smooth and facilitate the reading experience for all users, we hereby compose this wrapup, especially for users who cannot check out what’s going on in a timely manner.
According to Into The Block data, more than 907,000 addresses bought Bitcoin at an average price of $89,200, making this price a key support/resistance level.
CZ forwarded his November 2023 tweet and said he was standing on the right side of history. Earlier in November 2023, CZ wrote, "Imagine if there was a better form of currency that could help billions of people in history, and you stood on the wrong side. This would not be a good legacy."
On November 15th, according to an official announcement, OKX will soon launch MOODENG (Moo Deng). MOODENG is a fan memecoin of the popular animal Moo Deng, whose prototype is a small hippopotamus from a Thai zoo. The specific schedule is as follows:
Hong Kong Monetary Authority has called on citizens to be vigilant and careful of certain offshore encrypted asset institutions that are not licensed banks in Hong Kong. They claim to be "banks" in Hong Kong or use the word "bank" when describing their products or services. These actions may have violated the "Banking Ordinance".
On November 15th, Matrixport released its weekly report stating that Bitcoin is experiencing a strong upward trend driven by multiple positive factors, including continuous inflow of Bitcoin spot ETF funds, expectations of a Fed rate cut, and improved regulatory environment. Bitcoin's 7-day rolling price increase reached $19,265, setting a new historical high and indicating an unprecedented strength in this rebound. Although the short-term RSI indicator shows overbought conditions and a possible consolidation, the report predicts that cryptocurrencies will break through the 8% adoption rate threshold by 2025, laying the foundation for larger-scale adoption.
Donald Trump, the President-elect, has announced that Jay Clayton, the former SEC Chair, will be appointed as the U.S. Attorney for the Southern District of New York. Clayton has advised several crypto firms since leaving the SEC in December 2020 and was responsible for the production of the SEC's DAO Report. He famously stated that most initial coin offerings were securities, a view shared by his successor, Gary Gensler. Trump described Clayton as a "highly respected business leader, counsel and public servant."
the newly established Department of Government Efficiency (DOGE) in the United States has released an official statement via their X account, thanking thousands of Americans for their interest in joining the department. However, they have made it clear that they do not need "part-time creative contributors," but rather "revolutionaries with super high intelligence who are committed to small government reform." Applicants are required to work more than 80 hours per week and focus on plain and simple cost reduction. Applicants who meet the requirements can submit their resumes via private message, and the top 1% of outstanding applicants will be personally reviewed by Elon Musk and Vivek Ramaswami.
The Republican candidate laid out a plan for crypto policies should he win in November against prospective Democratic presidential nominee Kamala Harris.
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