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South Korea's President Yoon Suk Yeol faces an impeachment vote on December 7 after declaring and then reversing martial law, prompting swift backlash from lawmakers and the public. Meanwhile, Bitcoin has surged past $100,000 for the first time, and U.S. markets hit record highs. Despite political turmoil, some analysts suggest that a quick resolution could stabilize investor sentiment.
Bitcoin has surged past the $100,000 mark for the first time, climbing over 50% since Donald Trump's election victory. The recent rise was fueled by the nomination of Paul Atkins as SEC head, a known crypto advocate, alongside other crypto-friendly appointments. With Trump aiming to position the U.S. as the "Bitcoin superpower," the market is experiencing unprecedented enthusiasm, reflected in the nearly 150% increase in Dogecoin since election day.
A UK-led operation has uncovered a multibillion-dollar money laundering scheme linked to cash-rich criminals and sanctions evaders. In other news, Donald Trump has nominated cryptocurrency advocate Paul Atkins to chair the US Securities and Exchange Commission, while South Korea faces political turmoil after a failed attempt at martial law. Additionally, the French parliament has voted to oust Prime Minister Michel Barnier, and Google DeepMind has introduced an AI weather prediction model that surpasses traditional forecasting methods.
Bitcoin surged past $100,000 for the first time on December 4, 2024, elevating its market cap to $2 trillion. This milestone was fueled by the approval of spot Bitcoin ETFs, increasing institutional interest, and a favorable regulatory outlook under the incoming Trump administration. Over 87% of institutional investors plan to invest in digital assets in 2024, reflecting a significant shift in the market.
Bitcoin has surged to an all-time high of $100,000, fueled by optimism surrounding Donald Trump's SEC pick, Paul Atkins, who is expected to adopt a more favorable stance towards digital assets. Trump's administration aims to ease regulations that have previously hindered the crypto market, alongside plans for a strategic Bitcoin stockpile. The recent US elections also saw the rise of pro-crypto candidates in Congress.
Bitcoin has surpassed $100,000 for the first time, fueled by optimism surrounding political and regulatory support from US president-elect Donald Trump. The cryptocurrency has risen over 40% since Trump's election, with the nomination of crypto advocate Paul Atkins to lead the SEC further boosting investor confidence.This surge marks a significant turnaround for the sector, which faced a crisis just two years ago following the FTX collapse. Now, industry leaders anticipate a "golden era" for crypto under the Trump administration, expecting favorable regulations to attract substantial investments from major asset managers.
Bitcoin surged past $100,000 for the first time, reaching $102,874.00, following President-elect Donald Trump's announcement of Paul Atkins as SEC chair, signaling a potential shift towards a more favorable regulatory environment for cryptocurrencies. Federal Reserve chair Jerome Powell likened bitcoin to digital gold, while institutional interest grows with the launch of spot bitcoin ETFs by major firms. Optimism surrounds the new administration's pro-crypto initiatives, suggesting a significant shift towards mainstream acceptance of digital assets.
[SEC](https://www.sec.gov) and [Bloomberg]
Donald Trump has nominated Paul Atkins, a crypto enthusiast and former SEC commissioner, to chair the US Securities and Exchange Commission, indicating a shift towards a more lenient regulatory approach. Trump emphasized Atkins' commitment to common sense regulations and the importance of digital assets for America's growth.In a related move, Trump appointed Gail Slater to lead the Department of Justice’s antitrust division, aiming to combat Big Tech's dominance and promote competition. He expressed pride in addressing these issues during his first term and expects Slater to continue that effort.
President-elect Donald Trump plans to nominate Paul Atkins, CEO of Patomak Global Partners and former SEC Commissioner, as the new SEC chair, signaling a pro-crypto approach. Atkins, known for his common-sense regulatory views, would replace Gary Gensler, who faced criticism from the digital currency community. Trump's administration aims to foster innovation in capital markets and ease regulations on digital assets, reflecting his broader deregulatory agenda.
Paul Atkins
People
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