[A Whale Sells 2,136 ETH for a Profit of $83,000, Still Holding 7,290 ETH] A whale that previously bought ETH at $3,027 sold 2,136 ETH (approximately $6.55 million) at an average price of $3,066.4 over the past 2 hours, making a profit of $83,000. This whale and its associated addresses still hold 7,290 ETH, with a total value of $22.61 million.
Grayscale analyst: Bitt Grayscale: Bitsensor's halving event next week is expected to push up TAO prices Odaily Planet Daily News: Grayscale research analyst Will Ogden Moore stated in a report that the decentralized, AI focused network Bittensor is about to experience its first halving event on December 14th, marking the end of its first four-year cycle. This critical event will halve the daily issuance of its native token TAO from 7200 to 3600. Bittensor, as an open network that combines AI and encryption technology, allows users to freely contribute intelligence to improve AI systems. The network has multiple subnets, each dedicated to a specific AI task, and allocates TAO as incentives based on user input utility. At present, there are 129 active subnets providing various AI driven services including computing, data storage, AI agents, and deep forgery detection. Moore pointed out that Bittensor's halving event aims to increase the scarcity of TAO by reducing the token issuance allocated to network participants. He said, "The history of Bitcoin shows that although rewards are reduced, supply reduction can enhance network value, as its network security and market value are strengthened through four consecutive halvings. Similarly, Bittensor's first halving marks a key milestone in the network's maturation process, moving it towards the supply ceiling of 21 million tokens. ”Moore stated that Bittensor is currently experiencing strong user adoption and rising institutional interest. He mentioned that the Dynamic TAO (dTAO) launched in February is a major achievement of Bittensor. This mechanism allows subnets to invest directly, resulting in a sharp increase in the total market value of these subnets. Since the launch of dTAO, institutional investors such as Yuma Asset Management and Stillcore Capital have launched funds investing in Bittensor's top subnet. In addition, three listed companies have established dedicated TAO vaults. Among them, the leading company TAO Synergies currently holds the token worth approximately $12 million. Moore wrote in the report: "The early success of certain subnet applications and the increase in institutional capital in the Bittensor ecosystem, combined with the upcoming halving of TAO supply, may, in our view, serve as a positive catalyst for price increases. ”According to The Block's cryptocurrency price page, TAO has risen by 0.5% in the past 24 hours, trading at $282.31, and has fallen by 28.4% in the past month. (The Block) Previous news: Bittensor will experience its first halving on December 14th, and the daily issuance of TAO will be reduced to 3600 units
[Grayscale Analyst Expects Bittensor's First Halving and Increased Institutional Capital to Drive TAO Price Higher] Grayscale Research Analyst Will Ogden Moore pointed out that, based on Bitcoin's historical trends, a reduction in supply can enhance network value. Bittensor's first halving marks a significant milestone toward its 21 million token supply cap. Moore believes the network is experiencing strong adoption momentum and rising institutional interest, with the dTAO mechanism driving substantial expansion in the total market value of subnets. He stated that the success of subnet applications, increased institutional capital, and the upcoming supply halving could serve as positive catalysts for price growth. Bittensor's first halving is scheduled for December 14, at which point TAO's daily issuance will decrease to 3,600 tokens.
[JPMorgan Chase CEO Denies Suspending Banking Services Based on Customers' Religious Beliefs or Political Affiliations] According to a report by Golden Finance, JPMorgan Chase CEO Jamie Dimon denied ever suspending banking services for customers based on their religious beliefs or political affiliations. He stated that he has been committed to advocating for changes to rules related to 'account deactivation' for over a decade. In an interview on Fox News Channel's 'Sunday Morning Futures' program on Sunday, Dimon said that his bank has indeed terminated services for individuals across various industries, but political affiliations have never been a factor in such decisions. Devin Nunes, Chairman of the Presidential Intelligence Advisory Board and CEO of Trump Media Group, accused JPMorgan Chase of suspending banking services for the company. Additionally, as part of an investigation, Special Counsel Jack Smith has subpoenaed the banking records of over 400 individuals and organizations associated with Trump, including Trump Media Group. Jack Mallers, CEO of Bitcoin Lightning Network payment company Strike, also alleged that JPMorgan Chase closed his personal account last month without providing any explanation, sparking market concerns over 'Operation Chokepoint 2.0.'
[The Japanese Government Submits a 18.3 Trillion Yen Supplementary Budget to Parliament] The Japanese government has submitted a supplementary budget of 18.3 trillion yen to Parliament.
[A whale deposits 6 million USDC into HyperLiquid and opens multiple long positions] A whale deposited 6 million USDC into HyperLiquid and opened several leveraged long positions. The whale opened a 20x long position on ETH, a 10x long position on SUI, and yesterday opened a 10x long position on FARTCOIN.