Crypto Morning News: Bitcoin breaks through $100,000; Trump appoints tech investor David O. Sacks as "Crypto Czar"
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Crypto Morning News: Bitcoin breaks through $100,000; Trump appoints tech investor David O. Sacks as "Crypto Czar"
Bitcoin may experience a short-term pullback, with a potential surge to $120,000 expected in the first quarter of next year.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
Trump congratulates Bitcoin holders on X: 100,000 dollars! Let’s make America great again!
U.S. President-elect Donald Trump posted on Truth Social congratulating Bitcoin holders. Trump said: "Congratulations to all Bitcoin holders! $100,000! You're welcome! Together we will make America great again."
Trump to appoint tech investor David O. Sacks as “Crypto Czar”; previously advisor to 0x project
According to Bloomberg, U.S. President-elect Trump announced he will appoint David Sacks as White House Special Advisor for Cryptocurrency and Artificial Intelligence. Trump stated that Sacks will be responsible for developing a legal framework to provide the regulatory clarity the crypto industry has long sought.
Sacks formerly served as Chief Operating Officer at PayPal and is now a prominent tech investor with extensive experience in cryptocurrency, having previously advised the 0x project.
Virtuals Protocol partners with Holoworld AI to advance multimodal AI agents
Base ecosystem-based AI agent platform Virtuals Protocol has announced a strategic partnership with Holoworld AI. Under the agreement, AI agents within the Virtuals ecosystem will leverage Holoworld’s audio and video technology to create personalized avatars, customized video content, and livestreaming capabilities.
As the first joint initiative, the well-known AI virtual character AVA will join the Virtuals ecosystem via its Migration Factory, with both parties jointly injecting and locking liquidity. Additionally, AgentSploots—an AI agent created by Jonah Blake on the Virtuals platform—will become the first on-chain multimodal agent launched under this collaboration, co-creating videos with AVA and Luna.
Kamino collaborates with Pyth Network to launch limit order book product Kamino Swap
Solana-based DEX protocol Kamino Finance has announced the launch of Kamino Swap, a limit order book product powered by Pyth Network. Seven market makers including Wintermute, Amber Group, and Caladan Labs will directly bid on user orders through the system. The new feature allows users to access institutional-grade trading flows without relying on existing on-chain liquidity, while also offering developers a one-stop solution for integrating with market makers.
Financial Times issues “apology letter” over 14 years of negative crypto coverage
As Bitcoin surpassed the $100,000 milestone, Financial Times’ Alphaville column published an “apology letter.” FT acknowledged that its reporting over the past 14 years may have left readers with a generally skeptical impression of cryptocurrencies.
The column reiterated its view on Bitcoin: while clever as a unit of account, inefficient as a medium of exchange, and flawed as a store of value. Nevertheless, FT stated, “If our readers missed out on the appreciation of digital assets due to our coverage, we are truly sorry.” It emphasized that the apology does not imply endorsement of the traditional financial system, which it also criticizes.
Phantom Wallet to integrate Sui blockchain
Crypto wallet Phantom Wallet announced support for the Sui blockchain, making it the fourth Layer 1 public chain supported after Solana, Bitcoin, and Ethereum.
WikiLeaks to mint Afghanistan War Logs on Bitcoin blockchain via Ordinals protocol
Julian Assange’s Project Spartacus launched on December 5, announcing plans to freely mint 76,911 files of the Afghanistan War Logs onto the Bitcoin blockchain using the Ordinals protocol.
Toby Lewis, founder of OrdinalsBot, said this is one of the largest minting projects ever, spanning multiple blocks. The project will launch on the Trio marketplace on December 12—not to raise funds for Assange, but to permanently record his story in Bitcoin’s history.
deVere Group CEO: Bitcoin may see short-term pullback, could hit $120K in Q1 next year
According to Jin10 News, Nigel Green, CEO of financial services consultancy deVere Group, said that after breaking key psychological resistance, Bitcoin might face short-term selling pressure. “Given such rapid gains in a short time, it’s natural for some investors to take profits. This sell-off could be temporary, after which Bitcoin’s momentum will strengthen further, potentially surging to $120,000 as early as next year’s first quarter.” He added, “Bitcoin’s extraordinary performance comes amid expectations that Trump 2.0 will create a more favorable regulatory environment for crypto. Investors are betting on the incoming U.S. president’s pro-crypto stance.”
APX Finance and Astherus announce strategic merger; APX tokens to be mapped to ASS tokens
APX Finance announced on social media a strategic merger with multi-asset liquidity hub Astherus. The two teams will deeply integrate their personnel, products, and business functions to advance innovations in on-chain yield aggregation, liquidity deployment, and perpetual contract trading.
Additionally, existing $APX tokens will be mapped to the new Astherus token $ASS, and APX DAO will undergo restructuring and upgrades. Specific details will be released next quarter, with TGE (Token Generation Event) expected in 2025.
Market Data
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