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🗞️ Bitlocus weekly market overview
Bitcoin’s dip, Shiba Inu’s Chainlink partnership, Binance’s legal challenges, and market-shaping trends defined this week in crypto. Here's what happened:
⛔️ Bitcoin fell to $95,122 (-8.88%) after dipping as low as $92,000 amid $1.4B in liquidations. Optimism for a year-end "Santa rally" remains.
🐕 Shiba Inu partnered with Chainlink, enabling SHIB tokens to operate across 12 blockchains. A new tax burn feature on Ethereum enhances SHIB's utility and value potential.
⚖️ ASIC sued Binance Australia for misclassifying users, adding to Binance’s regulatory troubles worldwide.
💰 A proposed U.S. policy aims to eliminate crypto capital gains taxes for ADA, ALGO, XRP, & HBAR, aiming to boost American crypto innovation.
💡 Apple and Nvidia collaborated to enhance AI model efficiency, advancing technologies that could intersect with crypto.