Ethereum

Donald Trump

Bitcoin

<ul class="wp-block-list">
 <li>Bitcoin fell to $90K while Ethereum spot ETF net inflows doubled to $295.7M in a single day.</li>  
 <li>David Sacks was named crypto czar by Trump, driving the ZRX token to sharp gain following the announcement.</li>  
 <li>Ethena’s $USDe surpassed $5B TVL, offering 27% APY, while Coinbase announced new perpetual markets launching December 12.</li> 
</ul>  
<p>The cryptocurrency <a href="https://x.com/layerggofficial/status/1864858926698893583" target="_blank" rel="noopener noreferrer nofollow">market experienced significant developments,</a> including Bitcoin's price movement, increased Ethereum ETF inflows, and notable appointments. These events, alongside advancements in stablecoins and new market launches, indicate dynamic changes across the sector.</p>  
<h2 class="wp-block-heading" id="h-bitcoin-and-ethereum-see-contrasting-trends">Bitcoin and Ethereum See Contrasting Trends</h2>  
<p>BTC recorded a change, trading at a price value of $90,000&nbsp; after exceeding $100,000 the previous day. Additionally, Bitcoin’s dominance in the cryptocurrency market has broken its previous uptrend, indicating a downward shift.</p>  
<p>Ethereum, however, saw positive inflows in its spot ETF markets. BlackRock's ETHA Daily ETH Flows doubled to $295.7 million compared to the previous day, marking a significant increase in interest from institutional investors.</p>  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdaGhazjPHfRZtvlMasxTxSfuio0efpXcqtidk5EnmiZRJVIn4cmAUR49JwleBqYuZdGN-fLYIUwo9a1w0YOvosXaF91OhaA8X4UVZxTdK3vdyJGAsTTgAPSqtcJ1rn-kKsGi2rIA?key=G7gFRSVgja7DRIqRz9T7Syja" alt="">
</figure>  
<p class="has-text-align-center"><strong><em>Source:</em></strong><a href="https://x.com/layerggofficial/status/1864858926698893583/photo/1" target="_blank" rel="noopener noreferrer nofollow"><em> Layergg</em></a></p>  
<h2 class="wp-block-heading" id="h-policy-and-ecosystem-updates-across-the-market">Policy and Ecosystem Updates Across the Market</h2>  
<p>In U.S. policy news, <a href="https://cryptonewsland.com/cathie-wood-highlights-bitcoins-rise-as-a-sign-of-market-optimism/" target="_blank" rel="noopener noreferrer nofollow">President-elect Donald Trump has appointed </a>David Sacks as the White House's crypto and AI czar. Sacks, known for his advisory role with ZRX, has influenced a sharp rise in the token’s value following this announcement.</p>  
<p>Pudgy Penguins announced the upcoming debut of PENGU, a new token with a supply of 88.8 billion. Scheduled for 2024, 25.9% of its supply will be allocated to the Pudgy Penguins community, further expanding its ecosystem. Meanwhile, Ethena’s stablecoin $USDe surpassed $5 billion in total value locked, while $sUSDe is currently offering 27% APY to holders.</p>  
<h2 class="wp-block-heading" id="h-new-projects-and-market-launches">New Projects and Market Launches</h2>  
<p><a href="https://cryptonewsland.com/coinbase-adds-gigachad-and-turbo-to-meme-coins-listing-roadmap/" target="_blank" rel="noopener noreferrer nofollow">Coinbase International announced the launch of markets</a> for MOODENG-PERP, ALGO-PERP, SAND-PERP, and 1000MOG-PERP, set to begin trading on December 12 after 9:30 AM UTC.</p>  
<p>Additionally, Erick Zhang, a former Binance executive and managing partner at Nomad Capital, unveiled the ICO platform Buidlpad. Zhang, who previously led Binance Launchpad and oversaw projects like BitTorrent, Polygon, and Axie Infinity, now aims to drive new innovation through this platform.</p>  
<h2 class="wp-block-heading" id="h-bitcoin-and-ethereum-options-worth-2-7-billion-set-to-expire-today">Bitcoin and Ethereum Options Worth $2.7 Billion Set to Expire Today</h2>  
<p>Later today, the crypto market is bracing for volatility as $2,743,096,100 worth of BTC and ETH options contracts reach expiration, as noted by Ash Crypto via the X Space. This large-scale expiry could lead to notable market fluctuations, impacting traders and institutional investors as positions are settled.&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/Ashcryptoreal/status/1864926463599743339
 </div>
</figure>  
<p>The expiration includes a mix of Bitcoin and Ethereum options, adding pressure to the market's liquidity and influencing price movements. Expiry events of this scale often result in increased trading volume as market participants adjust their strategies.</p> 
<p>The post <a href="https://cryptonewsland.com/crypto-market-updates-bitcoin-falls-ethereum-etf-inflows-surge-as-trump-names-crypto-and-ai-czar/" rel="noopener noreferrer nofollow">Crypto Market Updates: Bitcoin Falls, Ethereum ETF Inflows Surge as Trump Names Crypto and AI Czar</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Crypto Market Updates: Bitcoin Falls, Ethereum ETF Inflows Surge as Trump Names Crypto and AI Czar

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