Circle's Arc Token Presale Raises $222M

Bitcoin is down 20% from its record high, facing macroeconomic and geopolitical uncertainties that have led to a 15% drop in November. Experts believe a 10% bounce is needed to reach breakeven and end the quarter positively, with potential Fed rate cuts and a weaker dollar as key drivers.

South Korea is contemplating a review of its sanctions on North Korea following new U.S. sanctions linking Pyongyang's crypto theft to weapons financing. The U.S. Treasury Department imposed sanctions on North Korean individuals and entities involved in laundering cryptocurrency for weapons development programs.

The Council of Tenerife plans to sell 97 Bitcoin acquired for €10,000 in 2012, now valued at $9.8 million. The sale, aimed to fund research projects, faces complications but is expected to proceed soon with a regulated organization's help.

Binance and the Buenos Aires city government aim to promote responsible crypto adoption through education and awareness campaigns. The partnership seeks to empower citizens by teaching them how to safely use digital assets for financial inclusion and borderless transactions.

Aly Madhavji, a renowned Web3 investor, will join Roundtable and RYVYL Inc. as Chief Financial Officer, leveraging his extensive experience in managing over 200 blockchain investments. His financial expertise and deep industry relationships will guide Roundtable through the merger process and NASDAQ listing.

MyPrize has signed a distribution deal with Crypto.com's North American affiliate to list event contracts on its app, joining other distributors like Hollywood.com and Underdog. The revenue-sharing details were not disclosed, but typically involve the distributor receiving a portion of trading fees.

Robinhood is considering adding Bitcoin to its balance sheet, with Senior VP Shiv Verma discussing the pros and cons of such a move. The company's crypto trading revenues surged 339% year-over-year, with ambitious plans to expand its financial services platform.

Bitcoin has dropped nearly 20% from its all-time high, now trading at $101,261, leading to a shift in bearish sentiment among Myriad predictors. Zcash has outperformed other tokens, surpassing $500 and prompting a new market on Myriad with odds favoring further gains.

Cathie Wood, CEO of Ark Invest, has revised her bullish Bitcoin price target from $1.5 million to $1.2 million by 2030 due to the increasing utility of stablecoins. Stablecoins are gaining popularity for payments and are scaling faster than Bitcoin, impacting its projected role.

The recent downturn in the crypto market is attributed to macroeconomic uncertainties, including U.S. jobs data, trade tensions, and a prolonged government shutdown. Major crypto stocks like Robinhood Markets and Coinbase experienced significant drops, reflecting the overall market sentiment.