EARLIER: CITRON RESEARCH: WHILE CITRON REMAINS BULLISH ON BITCOIN, WE’VE HEDGED WITH A SHORT $MSTR POSITION

*MICROSTRATEGY ERASED OPENING GAINS, NOW DOWN 20%

*ALPHABET SHARES TUMBLE 7% IN BIGGEST DROP SINCE JANUARY

FTX TO BEGIN DISTRIBUTIONS NO LATER THAN MARCH 2025

John J. Ray III, CEO and Chief Restructuring Officer of the FTX Debtors, said: "We are pleased to announce that we will begin distributing proceeds in early 2025: LINK

SEC CHAIR GARY GENSLER SET TO RESIGN ON INAUGURATION DAY OF PRESIDENT-ELECT DONALD TRUMP, JANUARY 20

TRUMP'S 'CRYPTO ADVISORY COUNCIL' EXPECTED TO SETUP PROMISED BITCOIN RESERVE: REUTERS

SCHWAB WILL GET INTO SPOT CRYPTO UNDER NEW LAWS: WURSTER: BBG

*MICROSTRATEGY SHARES EXTENDS DECLINE, NOW DOWN 30%

OPENAI CONSIDERS TAKING ON GOOGLE WITH BROWSER: TI

SOLANA HITS NEW ALL-TIME HIGH AFTER 3 YEARS

DOLLAR INDEX $DXY HITS TWO-YEAR HIGH

CBOE TO LAUNCH THE FIRST CASH-SETTLED OPTIONS PRODUCT RELATED TO SPOT BITCOIN, BEGINNING MONDAY, DECEMBER 2

TRUMP PICKS PRO-CRYPTO SCOTT BESSENT AS TREASURY SECRETARY

MICHAEL SAYLOR HINTS AT ANOTHER BITCOIN PURCHASE, TWEETS "WE NEED MORE GREEN DOTS ON SAYLORTRACKER"

*PREVIOUS SIMILAR TWEETS LED TO ANNOUNCEMENTS OF $4.6B AND $2B BITCOIN PURCHASES THE NEXT DAY

IRAN IS PREPARING TO 'RESPOND' TO ISRAEL, SAYS ADVISER TO SUPREME LEADER: RTRS VIA TASNIM NEWS AGENCY

The Week Ahead | @infinityhedge

Black Friday | Spotify/YT Wrapped

LAST WEEK US SPOT ETFs ~FLOWS:
*BTC: +$3.4B
*ETH: -$70M

Macro:
*FOMC Meeting Minutes on 26
*U.S. October PCE on 27

Crypto:
*MicroStrategy is expected within the next few days to unveil a fresh purchase of BTC using proceeds from a $3B convertible bond sale that closed on Friday [likely today]
*STRK staking launch on Mainnet on 26

Token Unlocks:
$SUI: $230M: 2.4% on Dec. 1
$IMX: $42M: 1.47% on 29
$OP: $71M: 2.5% on 30
$1INCH: $40M: 7.7% on 30
$ZETA: $41M: 10.6% on Dec. 1

What Bloomberg Economics Says:
“Several Fed officials discussing US economic conditions of late have echoed a theme recently introduced by Chair Jerome Powell — a December rate cut isn’t a done deal and the central bank can slow its easing pace given subsiding risks to the economy.”

Earnings/Charts/Articles ⬎

MICROSTRATEGY BOUGHT 55.5k BITCOINS FOR APPROX. $5.4 BILLION IN CASH AT AN AVG. PRICE OF $97,862 PER BITCOIN BETWEEN NOVEMBER 18 AND NOVEMBER 24, 2024

*AS OF NOVEMBER 24, 2024, MICROSTRATEGY HOLDS 386,700 BITCOINS, WHICH WERE ACQUIRED AT AN AGGREGATE PURCHASE PRICE OF APPROXIMATELY $21.9 BILLION AND AN AVERAGE PURCHASE PRICE OF APPROXIMATELY $56,761 PER BITCOIN

PUMP[DOT]FUN DISABLES LIVE STREAMING FEATURE

*Pump[dot]fun team: To ensure the absolute safety of our users, we will be pausing the live streaming functionality on the site for an indefinite time period until the moderation infrastructure is ready to deal with the heightened levels of activity

Changpeng Zhao, CZ: I am not against memes, but meme coins are getting "a little" weird now.

Let's build real applications using blockchain.

Binance Will Delist GFT, IRIS, KEY, OAX, REN on 2024-12-10: link

Russia Preparing Response To Ukraine's ATACMS Use In Kursk: IFX