Daily Crypto NewsEDITION #1113, 10 December

A-CHOO!

Today, in 1901, the first Nobel Prizes were awarded.

Soon, we’ll be handing out our own awards: for the biggest loss, the cringiest call, and the 100,000,000x memecoin.

But for now, let’s get straight to the point—because we value your time, and time is Moni.

What’s up? 

The market sneezed. Hard. With all the mess. $1.71 billion got liquidated.

The biggest liquidation hit $ETH—a trader got wiped out for $19.69 million.

What does this mean?

- Today, Microsoft is holding a meeting to decide whether they’ll add BTC to their reserves. It seems like the price dump might be a setup to let Bill Gates’ followers buy in cheap.

- If Microsoft takes the plunge, Amazon and other giants could follow.

- The current “chop” market could drag on for a few weeks, killing off the euphoria.

- Still, 10-20% dips don’t mean the trend has changed. It’s still a bull market, just taking a breather.

Stay cool. Don’t use leverage, especially with your last dime.

Other Key Updates:

- The Fed is likely to lower rates in December, and Trump confirmed he has no plans to fire Fed Chair Jerome Powell.

- Ethereum developer Max Reznik has left for Solana, calling Ethereum “stale” and praising Solana’s energy and momentum.

Honestly, we wouldn’t be surprised if Solana flips Ethereum in the next five years, given its youthful
power. But in the near term, we expect BlackRock and similar institutions to stack up heavily on Ethereum.