### TeraWulf's November Bitcoin Production

**TeraWulf (WULF)** has reported a production of **115 bitcoin (BTC)** in November, marking a decrease from the **150 BTC** mined in October. This decline is attributed to a **planned outage** executed by the company.

The recent production numbers reflect the challenges that mining companies face, including operational interruptions and market fluctuations. As the crypto market evolves, understanding these shifts is crucial for investors and stakeholders.

![Bitcoin Mining](https://example.com/bitcoin-mining-image)

### Implications for Investors

This decrease in self-mined Bitcoin could potentially impact TeraWulf’s stock performance and investor sentiment. It's essential for investors to monitor such production reports as they provide insights into the company’s operational efficiency and market positioning.

Stay tuned for further updates on TeraWulf and the broader cryptocurrency market as we continue to analyze these developments.

TeraWulf (WULF) self-mined 115 bitcoin (BTC-USD) in November, a decline from the 150 BTC mined in October, as the company executed a planned outage.

TeraWulf's Bitcoin Production Drops: What It Means for the Market

### KULR Technology Group's Strategic Move

**HOUSTON, Dec. 04, 2024** – KULR Technology Group, Inc. (NYSE American: KULR), renowned for its advanced energy management platforms, has officially adopted **Bitcoin (BTC)** as a primary asset in its treasury strategy. With a robust balance sheet featuring over **$12 million in cash**, the company plans to allocate **up to 90% of its surplus cash** to Bitcoin.

### Market-Driven Acquisition

KULR's approach to acquiring Bitcoin will be **flexible**, adapting to market dynamics and future cash flow needs. This strategy reflects the company's commitment to navigating evolving economic circumstances strategically.

### CEO's Insights on Bitcoin's Potential

KULR's Chairman and CEO, **Michael Mo**, emphasized the importance of Bitcoin's growing acceptance. He stated, "We believe the growing global acceptance of bitcoin is still in its early stages. Companies, financial institutions, and governments are incorporating blockchain technology and BTC into their economic frameworks."

He believes that Bitcoin offers **long-term appreciation** and serves as a safeguard against **geopolitical, inflationary, and macroeconomic challenges**.

### Legislative Support for Bitcoin

This year has seen increased acceptance of Bitcoin at the federal level, with proposals for a **national strategic bitcoin reserve** and discussions surrounding establishing a **national bitcoin stockpile** gaining traction.

### About KULR Technology Group Inc.

KULR Technology Group specializes in cutting-edge energy storage solutions for sectors including **space, aerospace, and defense**. The company leverages its in-house battery design expertise and comprehensive testing capabilities to deliver innovative energy storage systems efficiently.

![KULR Technology Group](https://ml.globenewswire.com/media/ODc4MDRhZTUtODg4OC00NDE5LWJjZmEtMWQ4MDVkZTMxOTk1LTUwMDA3MzA5NA==/tiny/KULR-Technology-Group-Inc-.png)

HOUSTON, Dec.  04, 2024  (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the 

KULR Implements Bold Bitcoin Treasury Strategy to Enhance Financial Resilience

# Bitcoin's Market Dynamics

Bitcoin has recently seen fluctuations, particularly **falling behind Ripple's XRP**, as traders speculate on a **potential Wall Street shakeup** in the cryptocurrency market.

## Current Bitcoin Price Trends

The **bitcoin price rally**, which began earlier this year, has encountered resistance just below **$100,000**, although some analysts predict a **major market explosion in 2025**.

## MicroStrategy's Strategic Move

In a significant development, **MicroStrategy**, the leading bitcoin investment firm, is on the verge of being added to the **Nasdaq-100 Index**. This move could channel substantial investor capital into MicroStrategy's already soaring stock price. Analysts believe that this inclusion is practically a certainty, given MicroStrategy's impressive **$75 billion market capitalization**.

![Michael Saylor, MicroStrategy](https://imageio.forbes.com/specials-images/imageserve/612611e5693aa403517e5f9c/Michael-Saylor--MicroStrategy--bitcoin-price--bitcoin--image/0x0.jpg?format=jpg&crop=1465,1018,x490,y213,safe&width=144)

## Impact on the Market

Joining the **$26 trillion Nasdaq-100** could open doors to a new class of investors who might not have previously considered investing in MicroStrategy. Furthermore, this inclusion would make MicroStrategy eligible for the **Invesco QQQ ETF**, one of the largest ETFs globally, ensuring a steady flow of capital into the company.

## Recent Developments

MicroStrategy has been actively acquiring bitcoin, recently purchasing **$1.5 billion worth**, bringing its total holdings to over **400,000 bitcoins**, valued at approximately **$38 billion**. This strategy has transformed MicroStrategy from a software company into a **bitcoin treasury**, greatly enhancing its stock value and market presence.

As the **Nasdaq prepares to announce its latest index membership**, the implications of MicroStrategy's inclusion could reshape the landscape for bitcoin investments and stocks alike.

Bitcoin juggernaut MicroStrategy is poised to be added to the Nasdaq-100 Index, potentially sending huge swathes of investor cash into the company's already sky-high stock...

MicroStrategy's Nasdaq Inclusion: A $26 Trillion Game-Changer for Bitcoin Investors!

### U.S. Bitcoin ETFs Experience Record Inflows

U.S. **spot Bitcoin exchange-traded funds (ETFs)** saw an impressive **$676 million** in inflows on Tuesday—almost double the previous day's $353.67 million, according to data from [SoSoValue](https://208.87.240.67/assets/etf/us-btc-spot?__cpo=aHR0cHM6Ly9zb3NvdmFsdWUuY29t).

As of now, the total net assets held by asset managers behind U.S. spot Bitcoin ETF contracts have reached **$104.25 billion**, equivalent to approximately **1,076,609.7 BTC**—close to the **estimated 1.1 million BTC** held by **Satoshi Nakamoto**, the pseudonymous creator of Bitcoin.

**BlackRock’s iShares Bitcoin Trust ETF (IBIT)** led the inflows with **$693.25 million**, while the **Fidelity Wise Origin Bitcoin Fund** followed with **$52.17 million**. However, not all ETFs fared well; the **ARK 21Shares Bitcoin ETF (ARKB)** experienced **$93.5 million** in outflows. The **Grayscale Bitcoin Trust ETF** saw no net asset flow yesterday, maintaining nearly **$20.6 billion** in assets but losing market dominance.

### The Surge Explained

Bitcoin ETFs have been witnessing a **remarkable surge**, with a record **$7.6 billion** in monthly net inflows for November. According to **Alex Obchakevich**, founder of Obchakevich Research, the spike in investments can be attributed to the recent **victory of Donald Trump and the Republican Party** in the U.S. elections, which he claims has boosted market confidence and attracted institutional investors.

Obchakevich also pointed out that the **regulatory approval** of funds has empowered investors to engage with Bitcoin ETFs within a regulated environment. Additionally, **Valentin Fournier** from BRN noted that Ethereum spot ETFs also enjoyed robust inflows of **$133 million**.

The growing interest in crypto ETFs could open up new sectors for the crypto market, extending beyond just the crypto community. Obchakevich emphasized that we are on the brink of significant changes, suggesting that **crypto ETFs** are integral to this evolving landscape.

After a record-breaking November, U.S. spot Bitcoin ETFs continue to see "robust" inflows in the final stretch of the year.

Bitcoin ETFs Surge with $676 Million Inflows – Is Satoshi's Holdings Within Reach?

### What’s Happening in Crypto Today?

Remember when **Forbes** labeled **XRP** a "zombie token" back in March? That narrative has quickly flipped as XRP has surged a staggering **439%**, reclaiming its position as the **#3 cryptocurrency** by market cap at **$2.70**. The crypto community is reveling in this comeback, sharing old articles for some social media fun.

### Key Headlines from the Last 24 Hours:

- **XRP** has outperformed **Tether** to secure the third spot with a **439% rally**. Is it time for **XRP-based meme coins** to shine?
- The market experienced **$588 million** in liquidations, with XRP traders facing the brunt of it. How did this happen?
- **Bitcoin** is vanishing from exchanges at an unprecedented rate. What’s behind this trend?
- **MOG Coin** surged **20%** after being noticed by **Coinbase**. Is Coinbase embracing meme coins?
- **Reserve Rights (RSR)** skyrocketed **88%** on rumors concerning a potential new SEC chair. Why the excitement?

### XRP's Remarkable Comeback

XRP's recent performance is noteworthy, reaching levels not seen since **2018**. In contrast, the **meme coin rally** seems to be stalling, with **Dogecoin** dropping to **$0.42** and other tokens like **Shiba Inu** following suit. However, the **XRP ecosystem** is generating its own meme coin narrative, with one token, **ARMY**, skyrocketing from under **$1 million** to **$90 million** in market cap.

### Liquidations Rock the Market

A turbulent 24 hours resulted in **$588 million** in liquidations across the crypto market, catching both bulls and bears off guard. **XRP** led the way with **$69 million** in liquidations after reaching **$2.82**, only to drop to **$2.56**. Meanwhile, **Bitcoin** traders faced **$60 million** in liquidations after a drop below **$96,000**.

### The Bitcoin Mystery

Interestingly, Bitcoin is disappearing from exchanges faster than ever, signaling a shift towards **long-term investment**. What’s driving this trend? Stay tuned for more updates!

Here is a 2-minute breakdown of everything important that happened in crypto today.

XRP's Astonishing Rise: Is Bitcoin Disappearing from Exchanges? A Crypto Market Update

## Understanding Bitcoin Nodes

A **Bitcoin node** is a crucial component in the Bitcoin ecosystem, functioning as a computer that runs Bitcoin software to validate and relay transactions across the network. These nodes are akin to servers in traditional finance, as they maintain a complete copy of the **Bitcoin blockchain** and enforce the network's rules.

![Bitcoin nodes are computers that verify transactions, maintain network rules and enable true decentralization](https://specials-images.forbesimg.com/imageserve/674ec1dd60d320afbaac2456/Bitcoin-nodes-are-computers-that-verify-transactions--maintain-network-rules-and/960x0.jpg?fit=scale)

## The Backbone of Bitcoin’s Network

Nodes are essential for the **peer-to-peer network** of Bitcoin. They check that all transactions adhere to the protocol's rules, rejecting invalid ones and sharing valid transactions with other nodes. When a transaction is initiated, nodes verify that the sender has sufficient funds and hasn't attempted to spend the same bitcoin twice.

## Types of Bitcoin Nodes

There are two primary types of nodes:

- **Full Nodes**: These store the entire Bitcoin blockchain, exceeding **500GB** of data since 2009. They independently verify every transaction and block, forming the foundation of Bitcoin's security.
- **Light Nodes (SPV Nodes)**: These download only block headers, requiring significantly less storage, and rely on full nodes for transaction verification. They are commonly used in mobile wallets.

## Transaction Verification Process

When a node receives a transaction, it checks:
- If the sender has enough bitcoin in their wallet
- If the digital signatures are valid
- If the bitcoin hasn’t already been spent
- If the transaction complies with Bitcoin protocol rules

Only after these checks will the node relay the transaction to others, creating a network of verification.

## Block Validation

Nodes perform several critical checks on new blocks submitted by miners, such as:
- Verifying proof-of-work calculations
- Confirming all transactions in the block are valid
- Ensuring the block connects correctly to prior blocks

## Securing the Network

Nodes act as guardians of Bitcoin's integrity by rejecting blocks that contain unauthorized bitcoin or double-spent transactions, thereby maintaining the network’s security.

## Enforcing Protocol Rules

Nodes uphold Bitcoin's core rules, including:
- Limiting the total supply to **21 million bitcoins**
- Halving block rewards every **210,000 blocks**
- Requiring valid signatures for transactions
- Adhering to block size limits

## Sharing Blockchain Data

When nodes receive valid transactions, they share this data with connected peers, maintaining a robust and synchronized mesh network.

## Running Your Own Bitcoin Node

You can run a Bitcoin node on a basic computer with a **2GHz processor** and **2GB of RAM**. Optimal performance can be achieved with an SSD drive. Most node operators use **Bitcoin Core**, which is free and open-source.

### Requirements
- **Storage**: Minimum **500GB** for the full blockchain
- **Bandwidth**: **5GB** monthly for transaction relay
- **Internet**: Stable connection with at least **1Mbps** speed

### Operating Costs
Running a node typically costs about **$10-15** monthly, primarily for electricity and internet bandwidth.

## Benefits and Challenges
Running a node provides direct access to Bitcoin's network and enhances transaction privacy. However, challenges include:
- Long initial blockchain download times
- Regular software updates
- Technical knowledge for setup

## The Future of Bitcoin Nodes
The decentralization of Bitcoin relies on a widespread network of independent nodes. More nodes enhance:
- Geographic distribution of data
- Faster transaction propagation
- Resistance to attacks
- Greater democratic control over protocol changes

Nodes play a pivotal role in Bitcoin's governance by enforcing consensus rules, giving operators collective power over the cryptocurrency's evolution.

When someone sends bitcoin, nodes verify the sender has enough funds and hasn't tried to spend the same bitcoin twice.

Unlocking the Secrets of Bitcoin Nodes: How They Keep the Network Secure

## Market Turmoil in South Korea
Cryptocurrencies experienced significant price **discounts** in the South Korean market on Tuesday, but quickly **recovered** amid escalating political drama in the region.

## What Happened
Major cryptocurrencies like **Bitcoin (BTC)** and **Ethereum (ETH)** saw their values sharply decline on **Upbit**, South Korea's leading cryptocurrency exchange. Bitcoin plummeted to as low as **$71,800** following President **Yoon Suk Yeol**'s imposition of **martial law**. In contrast, the cryptocurrency was trading around **$95,500** on **Coinbase**, the largest U.S. exchange.

Similarly, Ethereum dropped to **$2,700** on Upbit while it was trading over **$3,600** on Coinbase. The **Korea Premium Index**, which measures the price difference between Korean exchanges and others, fell to **-14.67**, indicating that retail investors were selling at lower prices than average market rates.

## A Short-lived Arbitrage Opportunity
What should have been a lucrative **arbitrage opportunity** quickly vanished as Bitcoin rebounded to **$95,424** on Upbit, closely aligning with the global price of **$95,857**. Ethereum also saw a recovery, reaching **$3,700**. This turnaround followed President Yoon's decision to retract the martial law declaration after facing parliamentary pushback.

## Why It Matters
Noted analyst and **CryptoQuant CEO Ki Young Ju** expressed confusion regarding the sell-off during political instability, questioning why investors who bought Bitcoin were now selling it. He highlighted the **kimchi premium**, a phenomenon where cryptocurrencies on Korean exchanges typically trade at a premium of up to **30%** above global prices. This is in stark contrast to the current situation.

## Historical Context
The **kimchi premium** was notably exploited by **Sam Bankman-Fried**, founder of Alameda Research and the now-defunct **FTX** exchange, who reportedly profited immensely during its peak.

## Current Price Action
As of the latest updates, Bitcoin was trading at **$95,897.38**, down **0.29%** in the past 24 hours, according to data from Benzinga Pro. 

*Image via Shutterstock*

Cryptocurrencies traded at big discounts in the South Korean market Tuesday but recovered amid intense political drama in the East Asian nation.

Political Turmoil in South Korea Causes Bitcoin's Wild Price Swings: A Missed Arbitrage Opportunity?

The **cryptocurrency sector valuation** surged to **$3.48 trillion** on Tuesday, marking a **$40 billion increase**. However, Bitcoin's price fell below **$95,000** as investors shifted focus towards **altcoins**. Notably, **216,337 traders** faced liquidation, resulting in total liquidations of **$591.56 million**.

## Altcoin Market Updates: Bitcoin Consolidates at $95K
Bitcoin is currently consolidating around the **$95,000** mark, as traders are rotating profits into the **altcoin market**. The **positive sentiment** around potential **altcoin ETF approvals** in 2025 has led to a significant accumulation in altcoins.

- **XRP** retreated to the **$2.50** support level, while **Cardano (ADA)**, **Avalanche (AVAX)**, and **Tron (TRX)** saw notable gains.
- **Tron (TRX)** emerged as a standout performer with a **25% gain**, surpassing AVAX to become the **10th largest crypto asset** by market capitalization.
- **Avalanche (AVAX)** surged **11%** after hints of a potential collaboration with the **Donald Trump administration**.

## Chart of the Day: BlackRock Hits 500,000 BTC Milestone
BlackRock's **IBIT spot Bitcoin ETF** has surpassed **500,000 BTC** in assets under management (AUM). Launched on **January 11, 2024**, it now holds **$48 billion** worth of Bitcoin, accounting for approximately **2.38%** of Bitcoin's total supply.

> “BlackRock surpassing **500,000 BTC** is yet another huge milestone after a tremendous launch year.” - **K33 Head of Research, Vetle Lunde**

The recent net inflow of **3,526 BTC** has propelled IBIT past this milestone, now exceeding MicroStrategy’s BTC holdings despite a three-year head start.

## Crypto News Updates:
**Coinbase Ends USDC Yield Program in Europe**
Coinbase is discontinuing its **USDC yield program** in the **European Economic Area (EEA)** by December 1, due to the **MiCA regulations** which prohibit offering interest on stablecoins. This reflects the increasing regulatory challenges in Europe’s stablecoin market, as competitors like **Schuman Financial** launch euro-pegged stablecoins to fill the gap.

**Taiwan to Implement New AML Rules for Crypto Providers**
Taiwan’s **Financial Supervisory Commission (FSC)** will enforce new **anti-money laundering (AML)** regulations for crypto providers starting November 30, tightening regulatory oversight and aligning with global standards.

**US Government Transfers $1.9 Billion in Bitcoin to Coinbase**
A US government-linked wallet transferred about **20,000 Bitcoin**, valued at **$1.9 billion**, to **Coinbase Prime**. This transfer, originating from assets seized from Silk Road, triggered market speculation as Bitcoin's price dipped below **$95,000** following the news.

The cryptocurrency sector valuation hit $3.48 trillion on Tuesday, reflecting a $40 billion increase. 

TeraWulf's Bitcoin Production Drops: What It Means for the Market

Summary:

TeraWulf's November Bitcoin Production

Implications for Investors

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Other Latest News

KULR Implements Bold Bitcoin Treasury Strategy to Enhance Financial Resilience

MicroStrategy's Nasdaq Inclusion: A $26 Trillion Game-Changer for Bitcoin Investors!

Bitcoin ETFs Surge with $676 Million Inflows – Is Satoshi's Holdings Within Reach?

XRP's Astonishing Rise: Is Bitcoin Disappearing from Exchanges? A Crypto Market Update

Unlocking the Secrets of Bitcoin Nodes: How They Keep the Network Secure

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KULR Implements Bold Bitcoin Treasury Strategy to Enhance Financial Resilience

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Bitcoin ETFs Surge with $676 Million Inflows – Is Satoshi's Holdings Within Reach?

XRP's Astonishing Rise: Is Bitcoin Disappearing from Exchanges? A Crypto Market Update

Unlocking the Secrets of Bitcoin Nodes: How They Keep the Network Secure

Political Turmoil in South Korea Causes Bitcoin's Wild Price Swings: A Missed Arbitrage Opportunity?

Bitcoin Stalls at $95K as Altcoins Surge: Key Market Movements You Can't Miss!