The Daily: Bitcoin breaks $100K, Emergence discussions and more
2024-12-06

Gmergence! In today's newsletter, bitcoin surpasses $100,000, Mysten Labs co-founder Kostas Kryptos Chalkias discusses how AI may change the crypto industry, Tether CEO Paolo Ardoino attributes USDT's surge in market cap to bitcoin and more.
Meanwhile, President-elect Donald Trump congratulates bitcoiners on the $100,000 milestone.
Plus, The Block's Emergence conference gets underway in Prague.
Let's get started.
Bitcoin breaks $100,000 milestone
Bitcoin reached a historic milestone of $100,000 late Wednesday, driven by a persistent rally and positive market sentiment following pro-crypto Donald Trump's election win.
Mysten Labs' Kostas Chalkias discusses how AI may change the crypto industry
Kostas Kryptos Chalkias shared his journey from AI and cryptography to co-founding Mysten Labs, the team behind the Sui blockchain, at The Block's inaugural Emergence conference.
Bitcoin rally, ETF inflows led to USDT market cap surge, says Tether CEO
Also speaking at Emergence, Tether CEO Paolo Ardoino attributed USDT's recent market cap surge to a correlation with bitcoin's rally, heavy inflows into the U.S. spot Bitcoin ETFs and MicroStrategy's aggressive bitcoin acquisitions.
Crypto VCs say it's still early this cycle: 'sell when people are partying, dating supermodels and buying yachts'
Discussing the state of crypto venture on a panel at Emergence in Prague on Thursday, VCs said it was still pretty early in the bull cycle, and they don't yet see retail participation at the same levels of 2021.
Hawk Tuah girl says 'team hasn't sold' as her memecoin tumbles after launch
The Solana-based memecoin HAWK, inspired by Hailey Welch's viral "Hawk Tuah" quote, lost over 90% of its market cap shortly after launch, falling from $400 million to $37 million.
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Disclaimer: This article was produced with the assistance of OpenAI’s ChatGPT 3.5/4 and reviewed and edited by our editorial team.
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