• Bitcoin sets new all time high records with prices above $100,000 as Trump nominates cryptocurrency advocate and former SEC commissioner Paul Atkins, to take over as SEC chairman.
    • Over $1 billion in recorded daily ETF inflows in early December.
    • Bitcoin Open Interest on exchanges soars over $65 billion.
source: Coinglass
  • BlackRock’s Bitcoin ETF IBIT hits $50 billion in assets under management, achieving the milestone in just 228 days—more than five times faster than any other ETF in history. 
  • Crypto trading volume on centralized cryptocurrency exchanges (CEXs) hit all-time highs in November, with monthly aggregate volumes exceeding $10 trillion across spot and derivatives markets.

source: CCData

  • Mt. Gox moves 24,051 Bitcoins, worth nearly $2.5 billion,  to an unknown address with no previous history at 2:45 am UTC on Dec. 5 in its first transfer since Nov. 12.
    • Mt. Gox, once the largest crypto exchange before getting hacked in 2014 and filing for bankruptcy in February 2014, started repaying nearly $9 billion of recovered assets to creditors this July after many years of delays.
    • Wallets linked to Mt. Gox still hold 44,900 bitcoin (BTC) currently worth over $4.5 billion.
  • Investor Marc Andreessen said dozens of tech executives were quietly "debanked" during the Biden administration, causing a new wave of attention and scrutiny directed towards “Operation Chokepoint 2.0”, an alleged government-backed effort to pressure financial institutions to sever ties with certain businesses, particularly those in the crypto industry.
    • Several high profile figures including Elon Musk and Coinbase CEO Brian Armstrong amplified the concerns by criticizing the alleged financial exclusion on social media and public platforms, in addition to multiple CEOs and founders sharing their experiences with banks such as JPMorgan, alleging government pressure to sever ties with crypto-related businesses. 
    • The collapse of crypto-friendly banks in 2023, including Silicon Valley Bank, Silvergate Bank, and Signature Bank, further intensified claims of a coordinated effort to isolate the crypto industry.