Episode Details

04th December: Crypto & Coffee at 8
❌End of Binance BUSD 🚨Coinbase & Bybit market share 🚀 N. Korean hackers $3B worth of crypto💰 Bitcoin Ordinal at Miami Art Week❗

😡Binance will end support for BUSD stablecoin in December
❗ Binance is discontinuing its native stablecoin, Binance USD (BUSD), following Paxos’ decision to halt new coin creation. Users must withdraw or convert BUSD holdings to other assets by December 15, as Binance will start disabling withdrawals on December 31. Existing BUSD balances will be automatically converted to First Digital USD for some users during this process. Official announcement here https://lnkd.in/dGWEFUTq

🚨 Research by Kaiko Research states due to drama by Binance Bybit saw an increase in market share consistently, while Coinbase observed substantial growth during trading hours outside the United States.
- Coinbase has seen an uptick in its trading volume, during the European trading day, outside the regular United States trading hours
- Bybit is reportedly seeing significant changes across the entire day
Full report here https://lnkd.in/dRcFgy7T

❓ So who’s the winner?
✅ Bybit is the immediate standout winner, gaining market share in every single hour and growing by more than 20% in 16 out of 24 hours.

US cybersecurity firm Recorded Future report states North Korean hackers have stolen around $3 billion in cryptocurrency since 2017, with more than half of that amount stolen in the past year alone. Full report here https://lnkd.in/d5UgN5PA The stolen amount surpasses the total annual income from exports for the nation by a considerable margin.
“This amount is also almost 10 times more than the value of North Korea’s exports in 2021, which sat at $182 million,” the report stated.

🎨 Miami Art Week introduces a noteworthy addition with the “Nolcha Shows: Ordinals Edition.” Powered by Gamma.io, the premier creator launchpad and marketplace for Ordinal inscriptions, this full-day event, programmed by Inscribing Atlantis, is set to redefine the Sagamore South Beach hotel on December 7th into a hub of digital artistry and Bitcoin-centric innovation. More info via Forbes here https://lnkd.in/ducvbsQT
Matching the sun-drenched streets of Miami, this high-energy event will offer an exploration of the burgeoning intersection between Bitcoin, art, and technology. The conference will welcome a diverse audience, ranging from investors to Bitcoin builders to artists and iconic brands, who are excited about Bitcoin and digital artefacts.