Greeks.Live: $83,000 as Bitcoin's Next Key Support Level
On December 1st, Adam—a researcher at Greeks.Live—posted on social media that the English-speaking crypto community faced a bearish shock: the market plummeted sharply during Sunday night’s monthly close, leaving call option buyers in the red and sparking concerns over further downside.
Traders flagged $83,000 as the next key support level, noting no significant buy orders lie above it. While some remain cautiously optimistic Bitcoin (BTC) will notch a new all-time high again, the timing remains uncertain.
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US Crypto Stocks Experience General Decline, MSTR Drops by 6.15%, BMNR Drops by 7.91%
On December 1, market data shows the three major U.S. stock indexes opened lower, while cryptocurrency-related stocks posted a broad decline. Key decliners include:
- Coinbase (COIN): -3.09%
- Circle (CRCL): -1.01%
- MicroStrategy (MSTR): -6.15%
- Bullish (BLSH): -6.67%
- Bitmine (BMNR): -7.91%
- SharpLink Gaming (SBET): -8.19%
- BTCS (BTCS): -4.09%
- BNB Network Company (BNC): -5.69%
- ALT5 Sigma (ALTS): -6.68%
- American Bitcoin (ABTC): -8.49%
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Sushi CEO Announces Resignation to Become Advisor, Solidity.io Founder Alex McCurry to Take Over as CEO
**Sushi CEO Jared Grey Steps Down to Advisory Role; Alex McCurry Joins as Director General**
On December 1, Sushi CEO Jared Grey announced in a social media post that he will step down from his leadership roles—CEO and Director General of Sushi Labs—and transition to an advisory position.
Grey also noted that Sushi has secured significant strategic investment from Solidity.io founder Alex McCurry to support its long-term development and operations. Concurrently, Alex has joined Sushi as Director General and will lead the protocol into its next chapter.
Alex is described as "ambitious" in this endeavor, with exciting plans mapped out for Sushi’s roadmap.
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David Sacks: The baseless accusations from The New York Times lack evidence, and we have retained a defamation law specialist to handle this matter.
On December 1, White House Crypto and AI Czar David Sacks publicly pushed back against *The New York Times*’ investigation into his conduct as the administration’s lead on AI and cryptocurrency, dismissing the months-long effort as chasing baseless allegations.
Sacks issued a social media statement claiming *The Times* assigned five reporters this summer to probe conflicts of interest between his government role and tech industry background. “Through so-called ‘fact checks,’ they landed on accusations we thoroughly refuted,” he wrote. “Anyone reading this piece closely will see they’ve cobbled together anecdotes that don’t back the headline—exactly their intent.”
The contentious November 30 *Times* article—headlined “The Silicon Valley Man in the White House: Profiting for Himself and Pals”—alleged Sacks leveraged his dual roles as White House AI/crypto lead and prominent tech investor to push policies benefiting AI and crypto assets, to the advantage of himself and his extensive
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The Federal Reserve's interest rate cut probability in December is close to 90%, and the market will pay close attention to the "dot plot" to speculate on the interest rate trajectory through 2026.
On Monday, December 1, Federal Reserve Chair Jerome Powell will participate in an event at Stanford University honoring the late George Shultz and deliver a speech. However, he will not address economic issues due to the Fed’s communication blackout ahead of its upcoming policy decision. No official Fed comments are expected until the central bank announces its interest rate decision next Wednesday. Traders currently put the probability of another 25-basis-point rate cut from the Fed at nearly 90%. If the cut materializes, markets will turn to the Fed’s updated "dot plot" for clues about interest rate trajectory in 2026.
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