Solana (SOL) Set to Soar To $100!

📈 Former Bitmex CEO Arthur Hayes Forecasts Solana (SOL) Surge Above $100

Arthur Hayes hinted at an impending altcoin season, and believes Solana (SOL) could surpass $100 soon.

Arthur Hayes, a well-recognized figure in the cryptocurrency realm recently hinted at the potential for a massive 66.6% surge in SOL’s price, which is currently trading at around $65.57. This prediction comes against the backdrop of Solana's remarkable surge over the past two months, with SOL experiencing an impressive gain of over 200% since mid-October.

🚨 Do Kwon Faces U.S. Extradition on Criminal Charges

Terraform Labs co-founder Do Kwon is reportedly set to be extradited to the United States from Montenegro to face multiple criminal charges related to the collapse of Terraform Labs and a number of other crimes.

Justice Minister Andrej Milović of Montenegro is planning to approve the extradition request from U.S. authorities for Kwon, who was arrested in Montenegro in March and then sentenced to a four-month prison term for the use of fraudulent travel documents. This decision places Kwon in further legal jeopardy as he faces eight charges in the U.S., like commodities fraud, securities fraud, wire fraud, and conspiracy to defraud, along with allegations of market manipulation during his time at Terra.

🐳 Bitcoin Options Data Shows Whales Betting Big - Will $50K Come in January?

Bitcoin options open interest reached a new milestone, surging to a staggering $20.5 billion on Dec. 7.

Bitcoin options, in contrast to futures contracts, provide valuable insights into traders' expectations and market sentiment due to their predetermined expiration prices. Deribit, a leading player in the Bitcoin options market with a remarkable 90% market share, currently holds $2.05 billion open interest for options set to expire on January 26. It is worth noting that a significant portion of these positions may lose value as the expiration date approaches. However, the potential approval of a spot exchange-traded fund (ETF) by regulators is encouraging previously sidelined bullish bets to re-enter the market.

💵 Binance CEO: Fiat Role in Global Crime 100 Times That of Crypto

Binance CEO Richard Teng expressed an opinion that contradicts the commonly held stereotypes within the banking sector related to cryptocurrency's links to criminal activities.

The Binance CEO referenced an analysis conducted by Andrzej Gwizdalski, a lecturer at the University of Western Australia, which gathered data from reputable sources like the United Nations, World Economic Forum, and Cryptoanalysis. In contrast to the popular narrative among some bankers, the study revealed that crypto fraud accounts for less than 1% of the trillions of dollars linked to illegal activities within the traditional fiat monetary system. Notably, the data highlighted that fiat currencies like the U.S. dollar are implicated in an estimated $3.2 trillion in illegal activities annually.

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