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Bitcoin OG faces $12.5M unrealized loss on $617M long position

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Key Takeaways

  • A prominent Bitcoin investor currently faces an unrealized loss of $12.5 million on a $617 million long position.
  • The investor’s portfolio includes large holdings in Ethereum, Bitcoin, and Solana.

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An early Bitcoin investor, widely referred to as Bitcoin OG 1011, is currently sitting on an unrealized loss of more than $12.5 million from a $617 million long position spread across several crypto assets.

Earlier today, the trader opened a $491 million long position in Ethereum, along with additional longs in Bitcoin and Solana. The aggressive positioning has fueled speculation about insider insights or looming market trends.

Bitcoin dipped below $90,000 on Friday, down from $92,500 earlier in the day, according to CoinGecko. At press time, it was trading at $89,600.

Ethereum dropped 4% to $3,000 over the past 24 hours, while Solana also declined, though with modest volatility.




Bitcoin price drops below $91,000, leading to $135M long liquidations

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Key Takeaways

  • Bitcoin’s price fell below $91,000, causing significant market volatility.
  • The drop triggered approximately $135 million in long position liquidations across crypto exchanges.

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Bitcoin fell below $91,000 today, triggering nearly $135 million in long position liquidations across crypto markets in the past hour.

The price decline forced the unwinding of leveraged bets by traders who hoped Bitcoin would rise. Long liquidations occur when exchanges automatically close leveraged positions after prices move against traders, causing them to lose their collateral.

Bitcoin was trading at $90,427 at the time of reporting, according to CoinGecko.


BlackRock’s IBIT leads $224M inflows for Bitcoin spot ETFs on Dec 10

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Key Takeaways

  • Spot Bitcoin ETFs attracted $224 million in net inflows on Dec 10.
  • BlackRock’s IBIT led the inflows with $193 million.

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US-listed spot Bitcoin exchange-traded funds attracted $224 million in net inflows on Dec 10, according to Farside Investors data.

BlackRock’s iShares Bitcoin Trust (IBIT) led the group with $193 million, bringing its total net inflows to $62.6 billion. Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed with $30.6 million in inflows.

Bitcoin ETFs continued to post net inflows on Wednesday after taking in roughly $152 million the previous day. The resilient demand came despite Bitcoin pulling back from above $94,000 after the Fed announced a rate cut.

Bitcoin was trading above $90,000 at press time, down 2% in the last 24 hours, per CoinGecko.


Silver overtakes Microsoft to become the world’s 5th-largest asset by market cap

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Key Takeaways

  • Silver’s market cap surged above $3.59 trillion, surpassing Microsoft to become the world’s fifth-largest asset.
  • This record rally was driven by inflation-hedge demand and followed the US Federal Reserve’s recent rate cut.

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Silver overtook Microsoft today to become the world’s fifth-largest asset by market capitalization, reaching $3.59 trillion after breaking above $63 for the first time ever.

The metal has gained over 150% since early 2024, when it traded near $25, fueled by investor demand for inflation hedges and industrial alternatives to gold and digital assets. This marks silver’s first return to record territory since 2011, when it peaked at $50 before retracing to $15 in the years that followed.

Silver now sits ahead of Microsoft and Amazon, which currently hold market caps of $3.6 trillion and $2.5 trillion respectively. It is closing in on Alphabet’s $3.8 trillion valuation.

The latest rally follows the US Federal Reserve’s 25bps rate cut, which, while widely expected, triggered aggressive bullish positioning across metals markets.


Oracle stock plummets 14%, wiping off $105 billion in market value

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Key Takeaways

  • Oracle lost $105B in market value after forecasting a $15B increase in 2026 capex.
  • Much of the spending is tied to supporting OpenAI’s cloud computing needs.

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Oracle shares fell 14% on Thursday, dropping from $225 to $194 and wiping out $105 billion in market value after the company sharply raised its capital expenditure outlook.

The company now expects fiscal 2026 capex to be $15 billion higher than it projected in September, with much of the increase tied to infrastructure spending supporting OpenAI’s cloud-computing demands.

The update spooked investors, raising questions about the near-term payoff of large-scale AI investments.


XRP spot ETFs experience 19-day inflow streak

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Key Takeaways

  • XRP spot ETFs have seen inflows for 19 consecutive days.
  • The ETF inflow streak highlights increased investor interest in XRP.

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XRP spot ETFs have now recorded 19 consecutive days of net inflows, extending a streak of daily positive flows since launch.

According to data from SoSoValue, total net inflows reached $954 million as of December 10, with $10 million added that day alone.


Gemini stock soars premarket after US prediction markets license approval

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Key Takeaways

  • Gemini stock surged in premarket trading following CFTC approval for derivatives exchange.
  • Regulatory approval enables Gemini to expand into prediction markets beyond crypto services.

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Shares of Gemini Space Station (GEMI) jumped around 15% in premarket trading today after the company received approval from the Commodity Futures Trading Commission to operate a derivatives exchange.

According to Bloomberg, Gemini, founded by the Winklevoss twins, plans to offer US customers the ability to trade event contracts across economic, financial, political, and sports forecasts.

The company is also exploring the expansion of its derivatives offerings to include crypto futures, options, and perpetual contracts.

Gemini began trading on Nasdaq in September with shares opening around $37, but it has since slid 69% during a broader pullback in crypto-focused equities, Yahoo Finance data shows.