Treasury Secretary Nominee Bessent to Divest Assets, Including BlackRock's Bitcoin ETF

South Korea's declaration of martial law has halted crypto sector reforms, including legalizing STOs and real-name corporate crypto accounts, until next year. The National Assembly's focus on impeachment proceedings and budget has indefinitely postponed all crypto-related legislative initiatives.

An official announcement is expected on December 13 regarding MicroStrategy's potential inclusion in the Nasdaq-100 index, with an estimated 0.47% weighting. This move could lead to significant changes in the index's composition and performance, impacting market sentiment and investment flows.

Google's Willow quantum processor has sparked concerns about Bitcoin's encryption security due to the potential of quantum computers to break it. While the Willow chip boasts 105 qubits, it is still far from the millions needed to threaten the Bitcoin network's security.

The ME Foundation launched the ME token on Solana on Tuesday, rewarding NFT traders on Magic Eden. Despite initial claim issues for some users, the launch rewarded eligible airdrop recipients with over $700 million worth of tokens as exchanges like Coinbase and Binance listed it.

The crypto industry is expressing concerns about SEC Commissioner Caroline Crenshaw, who is facing a vote by the Senate Banking Committee. Crenshaw's opposition to spot Bitcoin ETFs has drawn criticism for potentially hindering innovation and investor confidence.

The meme coin Dogwifhat (WIF) has experienced a significant drop in market cap, affecting investors on Coinbase and Robinhood. Despite being listed on these platforms, WIF's value plummeted by 12% on Tuesday, leaving many investors in the red.

MARA, a top Bitcoin miner, recently purchased 11,774 Bitcoin for $1.1 billion, bringing their total holdings to 40,435 Bitcoin worth nearly $3.9 billion. Despite a recent price drop, Bitcoin remains above $96,000 after hitting an all-time high of $103,607.

XRP surged to a seven-year high of $2.82 last week but dropped to $1.90 on Tuesday, a 33% decrease. Despite the recent dip, XRP is still up 237% for the month, showing significant gains. The regulatory clarity ahead has fueled optimism for XRP's future performance.

The upcoming release of the 9dcc Black Box by the on-chain fashion label 9dcc, founded by crypto personality gmoney, is generating buzz. Limited to 2,750 NFTs on Ethereum layer-2 network Base, the Black Box offers a mix of digital and physical rewards, including a chance to find the rare CryptoPunk #7429.

Hyperbolic, a startup specializing in decentralized AI computing and inference services, secured $12 million in a Series A funding round led by Variant and Polychain Capital. The company aims to expand its presence in the AI and Web3 markets by offering a decentralized GPU marketplace and verifiable AI inference services.