On December 11th, Bitcoin one-stop DeFi service platform ALEX released the Alpha version of the Bitcoin oracle, which was developed in collaboration with Domo, BIS, Hiro, UniSat, Xverse, and Xlink. BRC20 transfers and balances can be verified through smart contract-based consensus between BIS, Hiro, and UniSat. The indexer performance dashboard is now accessible on the Bitcoin oracle network. Xverse and Xlink will serve as the main development and testing partners.<br>The Alpha version of the Bitcoin oracle is expected to complete the testing phase and be fully launched in the first quarter of 2024, and community members are encouraged to participate in running indexer nodes and verifying BRC20 events.<br>

According to Dune data, the cumulative fee income of the Bitcoin NFT protocol Ordinals' inscription casting has reached 3,514.8348 BTC, equivalent to approximately 151,580,113 US dollars. In addition, the current total amount of inscriptions cast is 47,293,074.

On December 11th, Rune Alpha, a Bitcoin network inscription project, announced on X platform that it will launch a trading market testnet this week for trading COOK and other Rune assets. COOK holders will have additional incentives.

ETH spot prices outperformed BTC’s for the first month since July, in a drifting November rally that can largely be attributed to a weakening dollar.

Javier Milei has not voiced intent to adopt Bitcoin explicitly like El Salvador, but many of his policy positions naturally seem to lead in that direction.

Bitcoin Archive posted on social media stating that the President of Argentina, who supports Bitcoin, has been sworn in. His signature in the inauguration letter reads: "VIVA LA LIBERTAD CARAJO".

According to Coinglass data, there were 4,515.97 BTC inflows into the exchange wallet in the past 24 hours, 15,170.12 BTC inflows in the past 7 days, and 14,246.69 BTC inflows in the past 30 days. As of the time of writing, the total balance of the exchange wallet is 1,815,488.86 BTC.

The US National Vulnerability Database (NVD) marked Bitcoin Ordinals as a network security risk and called for attention to the vulnerability. Adding to the NVD list means that a specific network security vulnerability has been confirmed and is considered important for raising public awareness. The database is managed by the National Institute of Standards and Technology (NIST) under the US Department of Commerce.

Lookonchain monitoring shows that a certain address bought WBTC multiple times at the beginning of 2022, and then the price of WBTC rose to over $47,000, but the address did not sell WBTC to profit. After that, Bitcoin entered a long bear market. During the bear market, the address did not sell Bitcoin at a loss, but accumulated 401 WBTC (worth about $8.7 million) in the bear market, and the average purchase cost of the address decreased to $28,223. After the recent price of WBTC returned to $44,000, the address began to sell WBTC to profit, and the total profit now exceeds $9 million.

On December 10th, Adam Back, CEO of Blockstream, wrote on the X platform that there is currently no soft or hard fork behavior caused by inscriptions, and the scrutiny resistance model of Bitcoin is that other miners will mine something that a miner/pool does not mine. Now with Stratum V2 and commitment transactions, anti-scrutiny and decentralized attributes can be done even better.