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Companies holding Ethereum as a strategic reserve are facing significant unrealized losses as ETH’s price has dropped by nearly 50% from its August high. Technical analysis suggests further downside potential, adding to the pressure on these firms.

Elon Musk’s AI chatbot Grok recently made exaggerated claims about its creator, calling him stronger than Mike Tyson and more attractive than Brad Pitt. The incident highlights the risks of centralized AI and the need for decentralization, while Musk has also shown a shift in his stance on Bitcoin.

While Bitcoin and other major cryptocurrencies tumbled, a free grid trading bot on OKX generated a 106% profit on 1INCH for Dutch users, highlighting the potential of automated strategies in volatile markets.

Bitcoin’s price shows a modest recovery, up several percent from its 24-hour low, but analysts caution that the bottom may not yet be in. The RSI indicates oversold conditions, and the market awaits a decisive move.

The crypto market turned optimistic after the probability of a December Fed rate cut nearly doubled, sparking hopes that bitcoin’s recent decline may have bottomed out.

As the cryptocurrency market matures, governments worldwide are implementing new laws and tax regulations. This shift, which includes new tax frameworks in the US, Brazil, and South Korea and allows banks to hold crypto assets, signals that crypto is becoming a serious part of the global financial system.

A major UK criminal network laundered billions from drugs and human trafficking into cryptocurrency, with funds flowing to sanctioned Russian interests. The NCA’s investigation, aided by blockchain transparency, led to numerous arrests and the seizure of millions in assets.

Cardano’s blockchain suffered a chain-split caused by a malformed transaction, leading founder Charles Hoskinson to call in the FBI. The network has since been stabilized, but community concerns over transaction security persist.

This column explores how the U.S. weaponization of the dollar is prompting nations to seek alternatives. With trust in the greenback eroding, countries are looking for a neutral reserve asset, positioning Bitcoin as a potential contender for a new global reserve currency.

Dutch crypto analyst Michaël van de Poppe calls the current market the worst since 2018, citing ’total capitulation.’ He attributes the crash to the unwinding of Japan’s carry trade and reveals a painful 75% loss in his own altcoin portfolio.