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The investment will open up cryptocurrency derivatives trading to traditional financial institutions.

LLM 4.0 from OpenAI answered 85% of the American Board of Psychiatry and Neurology’s questions correctly, implying potentially “significant” future uses for the technology.

#federal reserve #interest rates #cryptocurrencies #interest rate

A cut in the U.S. Federal Reserve rate is seen as bullish, as it boosts risk appetite among investors.

The latest price moves in bitcoin [BTC] and crypto markets in context for Dec. 11, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

#openai #europe #european union #france #funding

The French artificial intelligence startup Mistral AI closed a funding round worth around $415 million as it strives to be the EU’s rival to OpenAI.

Bitcoin’s sharp price drop from $44,000 has all the makings of a buy-the-dip scenario after leveraged longs get flushed out.

The Argentine president, inaugurated on Dec. 10, has promised to disband the country’s central bank but hasn’t made any official commitment to introduce Bitcoin-friendly legislation.

Bitcoin's upward march over the past month hit a bump in the road Monday morning, with the cryptocurrency's price slipping below $43,000.

#markets #news #coinbase #grayscale bitcoin trust #cathie wood #ark invest

ARK has been consistently selling Coinbase stock in recent weeks. Friday's is the largest sale since July, when it sold 480,000 shares worth $50.5 million at the time.

#cryptocurrencies #bitcoin price #bitcoin regulation #liquidity

BTC price momentum started in October and helped the world’s top cryptocurrency make significant strides, gaining nearly $10,000 in the past month.

The C1 Secondaries Fund, which invests in companies in the digital assets space, is reportedly seeking to invest in crypto firms at discounts of up to nearly 80%.

The Fed's benchmark interest-rate range is currently 5.25% to 5.5%.

Nvidia CEO said the company has plans to expand its partnership in Vietnam and potentially set up a base to attract local talent in the AI industry.

#markets #bitcoin #btc price #mining #liquidation #fed

BTC price action obliterates latecomers betting on continued upside as Bitcoin analysts and miners breathe a sigh of relief.

#south korea

Users who deposit digital assets to exchanges in South Korea will be eligible to receive interest on their deposits.

Conio is also deeply involved in the institutional uptake of digital assets, specifically the Euro Token project overseen by the innovation center of the Bank of Italy.

Crypto venture capital firm C1, which is led by former Coinbase executives, has met with several cryptocurrency groups and Australian venture firms offering to buy private holdings from investors using its $500 million ($AUD 760 million) fund, according to the Australian Financial Review.

Funding rates for major tokens, including BTC, have normalized to below 0.1%, indicating an exit of over leveraged bulls.

#justin sun #htx crypto #htx exchange #huobi crypto exchange #justin sun hack #poloniex hack #htx outflows

The Justin Sun-linked crypto exchange HTX had $258 million in outflows after a $30 million exploit in November.

#policy #crypto #bitcoin etf #fund #google ads #btc etf

Google will allow ads for U.S. based-crypto trusts from January, with the change seemingly coming in the same month that spot Bitcoin ETFs are predicted to be approved.

The DeFi lending and borrowing protocol has confirmed it was affected by a malfunctioning Binance price oracle but confirmed user funds were safe.

Bitcoin and Ether lead in liquidation heatmap with over $335 million in rekt positions in the last 12 hours.

“This is an example of one plus one equalling three,” said Josh Quittner, who co-founded Decrypt in 2018.

#coins

Crypto continued on the path of broad gains this week, creating a giddily optimistic online atmosphere.

#ethereum #gaming

The Pudgy Penguins NFT empire is expanding and will open the gates for its metaverse experience Pudgy World sometime in 2024.

Pudgy World, an interactive digital world available to Pudgy Penguin NFT holders, will become available in alpha mode sometime next year, according to the company’s CEO.

Stabelcoin issuer Tether blacklisted 41 wallets controlled by people on the Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) List on Saturday.

Bitcoin continued to rally this week. And major altcoins—especially meme coins—blew up in value as a result.

#news #policy #regulations #north korea #lazarus group

National security officials with the U.S., South Korean and Japanese governments discussed North Korea's crypto thefts and other efforts to work on its nuclear and ballistic missile programs, the White House announced Friday night.

Analytics firm Graphika says the amount of non-consensual intimate imagery online has grown 2,408% since January.