Wolfe Research: Crypto Market Sees Dip as Buying Opportunity, Bitcoin's Next Key Resistance at $100,000

On December 4, Ethereum client Prysm announced that an issue has been identified and a quick temporary fix is available. All nodes should disable unnecessary generation of old states in Prysm to handle expired attestations—simply add the `--disable-last-epoch-targets` flag to the beacon node. This parameter applies to version 7.0.0, so no further beacon node upgrade is required; just add the flag. Validator clients do not need any changes.

Dec. 4: Matrixport withdrew 1000 BTC from Binance 16 minutes ago, per LookOnChain monitoring data. The crypto holding is valued at $93.09 million.

On December 4, Cryptopolitan reported that Ripple CEO Brad Garlinghouse, speaking at Binance Blockchain Week, predicted Bitcoin will hit $180,000 by the end of 2026. Garlinghouse noted he’s more bullish on crypto’s future than in recent years, with growing clarity around U.S. regulatory frameworks as a key driver. Solana Foundation Chair Lily Liu said Bitcoin reaching $90,000 is par for the course, adding it’s likely to exceed $100,000. Binance CEO Richard Teng acknowledged recent market volatility but stressed the overall trend remains strongly optimistic.

On December 4, BlackRock CEO Larry Fink said some sovereign wealth funds were buying Bitcoin amid its recent price drop. He added many such funds are monitoring the market—and as Bitcoin falls from its $126,000 peak to the $80,000 range, they’re “gradually” buying in. Fink noted these funds are “progressively” adding to their holdings to build long-term positions. Fink also warned the U.S. risks falling behind other countries if it doesn’t speed up investment in digitization and tokenization. He further predicted cryptocurrency-driven tokenization will see “tremendous growth” in the coming years.

On December 4, CZ and economist/crypto critic Peter Schiff kicked off their debate on “Bitcoin vs. Tokenized Gold” at Binance Blockchain Week. Schiff noted that tokenized gold (tgold) will offer two cash-out options down the line: physical gold bars or custom-sized coins, or an equivalent amount of gold-backed tokens. He explained the token acts as a claim check for matching gold in a vault—like a “locker claim ticket”—letting holders redeem physical gold anytime. CZ held up a gold bar and asked Schiff to assess it right there. Schiff said he couldn’t confirm its authenticity because he didn’t recognize the mintmark, advising getting it appraised for verification. He also pointed out a slight color difference between the bar and his 24K gold jewelry. Changpeng Zhao (CZ) responded: “Gold is hard to authenticate, but Bitcoin is easy.” Schiff clarified that a Bitcoin on-chain transaction is just “updating a record”—it doesn’t transfer any physical asset or ownership rights. By contr

On December 4, decentralized exchange (DEX) platform Reya announced its initial coin offering (ICO) attracted over 4,000 users across 60+ countries, with the 2% token supply offered being oversubscribed. Next steps include finalizing token allocations, launching its spot market, and listing the REYA token on the Reya platform. Earlier reports noted Reya conducted a token sale on CoinList from November 25 to December 2, offering 160 million tokens at $0.01875 each—with a fully diluted valuation (FDV) of $150 million. Fifty percent of the tokens will unlock at the token generation event (TGE), while the remaining 50% will vest linearly over six months post-TGE. The minimum purchase per account is $100, and small purchases are prioritized.