The EU&#8217;s imminent crypto regulations are raising alarms about potential 
disruptions to market liquidity as exchanges prepare to comply with new 
requirements under the Markets in Cryptoassets (MiCA) framework, Bloomberg 
News reported on Dec. 20. The rules, set to take full effect on Dec. 30, 
mandate the delisting of Tether&#8217;s USDT, the world&#8217;s most widely […]
The post EU’s upcoming crypto rules could impact liquidity due to USDT 
delistings appeared first on CryptoSlate.

EU’s upcoming crypto rules could impact liquidity due to USDT delistings

We Need In-Kind Redemptions For The Spot Bitcoin ETFs

The market for Dogecoin (DOGE) is contracting: the memecoin shed more than 25% 
of its value during the last three days. The broader market is still bearing 
the brunt of Bitcoin&#8217;s crash, worrying both investors and speculators. Related 
Reading: SUI The Rising Star: Analyst Foresees Over $25 Breakthrough Market 
Overview: A Sudden Change The recent drop in the value of crypto assets has 
caused around $787 million to be lost through liquidations of different types 
of digital assets. Dogecoin, which is often considered as a joke, has been 
among the hardest hit. Approximately $29 million in DOGE liquidations were 
recorded recently, with bullish positions suffering the most losses, according 
to CoinGlass data. In a mere 24 hours, the price of Dogecoin plummeted to a 
low of $0.34 before ultimately stabilizing at approximately $0.365, a 6.05% 
decline. Macroeconomic issues influencing more general market movements can 
help to explain this fall. The Federal Reserve&#8217;s concern about interest rate 
cuts has aggravated bearish attitude. For example, Ethereum and Dogecoin 
followed suit after Bitcoin&#8217;s value dropped to the $94k level. A Closer 
Examination Of Liquidation Issues Approximately $24 million in bullish wagers 
on Dogecoin were liquidated in the past 24 hours, while $5.93 million in 
losses were attributed to short positions. The market&#8217;s present extreme 
volatility is underscored by this wave of liquidations. Dogecoin is currently 
approaching critical support levels, as noted by analysts. Some analysts have 
speculated that it could fall below $0.20 if adverse momentum persists. Key 
support levels for DOGE are being closely monitored by market analysts. The 
Relative Strength Index (RSI) suggests that Dogecoin may be oversold, which 
could indicate a potential rebound if traders are able to effectively defend 
the critical price zones. Related Reading: Solana Poised For Growth In 2025 
With Record $173 Million Q3 Funding—Report The Road Ahead For Dogecoin Despite 
the present challenges, market watchers&#8217; future expectations of Dogecoin 
remain high. Some analysts believe that DOGE&#8217;s capacity to maintain a weekly 
closing above $0.26 will help to create a recovery rally toward higher goals. 
Still, the reality of continuous market pressures and unpredictability helps 
to temper this hope. As they negotiate this stormy terrain, many traders are 
left wondering how low Dogecoin might fall before it finds solid ground. Given 
the expected significant price swings in the next days and weeks, all eyes 
will be on this famous meme coin as it tries to recuperate in the face of a 
difficult crypto climate. Featured image from DALL-E, chart from TradingView

Dogecoin Dives: $29 Million Disappears During Market Collapse —Data

MicroStrategy Inc. co-founder and executive Chairman Michael Saylor says he is 
willing to advise Trump on cryptocurrency policy when the crypto advisory 
council is set. During the Dec. 18 episode of the Open Interest show on 
Bloomberg Television, Saylor voiced…

Michael Saylor is willing to advise Trump on the crypto policy

Tether Limited is set to invest $775 million in video-sharing platform Rumble 
as part of a strategic partnership aimed at boosting decentralization efforts, 
according to a Dec. 20 press release. The news caused a sharp spike in 
Rumble&#8217;s stock, which surged in after-hours trading, climbing 35.89% to $9.77 
despite having closed the regular session down […]
The post Tether&#8217;s $775 million Rumble investment sparks stock 35% surge 
appeared first on CryptoSlate.

Cryptocurrency price in IDR