Bitcoin remains volatile ahead of the FOMC, with big overhead resistance at $94,000 in place and several key support levels below. Bitcoin’s (BTC) price failed in another attempt to break above resistance at $94,000 on Tuesday as volatility hit the market ahead of the Fed rate cut decision on Wednesday. Key takeaways: The odds of a 25 bps cut on Wednesday now stand at 96%, according to Polymarket. Read more
SlowMist’s Yu Xuan advised high-profile users to prune contacts, rotate passwords and act fast on alerts to reduce WeChat takeover risks. Update Dec. 10, 9:30 am UTC: This article has been updated to add comments from a Binance spokesperson. Newly appointed Binance co-CEO and co-founder Yi He said on X that her WeChat account was hijacked after an old mobile number was taken, highlighting how Web2 messaging platforms can be used to impersonate crypto executives. “WeChat was abandoned long ago, and the phone number was seized for use. It cannot be recovered at present,” she said in a translated X post. Read more
Strive, co-founded in 2022 by American entrepreneur Vivek Ramaswamy, launched a $500 million preferred stock offering to acquire more Bitcoin and Bitcoin-related products. Publicly traded asset manager and Bitcoin treasury company Strive has announced a $500 million stock sales program to raise funds for additional BTC purchases. The firm, which was co-founded in 2022 by American entrepreneur and politician Vivek Ramaswamy, stated on Tuesday that it intends to use the net proceeds from the sale for “general corporate purposes, including, among other things, the acquisition of Bitcoin and Bitcoin-related products and for working capital.” It also intends to purchase “income-generating assets” to grow the company’s business, but did not specify which. Read more
Public testnet for the Stripe-and-Paradigm-built payments blockchain is now live, featuring tools for developer onboarding and stablecoin testing. Stripe and Paradigm’s joint blockchain project Tempo has launched its first public testnet, marking a major step forward in launching the official layer-1 blockchain. According to a Tuesday announcement from Tempo, the open source testnet is now live with anyone being able to “run a node or sync the chain” and test out a range of features. “Today’s testnet launch kicks off the next phase of Tempo’s development, with a focus on scale, reliability, and integration experience. Over the coming months, we’ll continue onboarding new infrastructure partners, adding new features and developer tooling, and stress-testing throughput under real payment loads,” Tempo said. Read more