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Plus: Michael Saylor pitches Bitcoin banks

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GM. No one wants to bite into a bland apple - same goes for your crypto updates.

Here at the Daily Squeeze, we serve only the juiciest ones:

🍍 Bitcoin's mood rebound and miner outlook;

🏦 Bitcoin banks shake up savings;

🍋 CoreWeave seeks $2B for AI, Tether backs €70M robotics round + more

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🍍 Market flavor today

Fear and Greed Index
Find out more about the Fear & Greed Index here.

 Crypto Market Cap: $3.14T 2.18% (24H)
  Name   Price 24H 7D
Bitcoin Bitcoin BTC $93,741.20 4.25% 3.41%
Ethereum Ethereum ETH $3,325.54 6.97% 11.06%
XRP XRP XRP $2.15 3.76% 0.48%
BNB BNB BNB $917.64 2.56% 5.48%
Solana Solana SOL $142.05 4.67% 2.33%
Prices as of 12:00 PM EST. Click here to see live data.

You know when your Wi-Fi goes out for 10 seconds, and you lowkey assume the modern civilization has collapsed.

That was crypto this week.

Traders panicked. Timelines called cycle top. But then, things started looking a bit more optimistic.

Let's break down what happened beneath the surface 👇

Bitcoin price chart from BitDegree, 12-09

Source: BitDegree

It starts with miners, aka the people / companies converting electricity into BTC, aka the supply side of Bitcoin.

And they've been under pressure lately:

👉 Post-halving rewards are lower;

👉 Energy costs remain high;

👉 Margins across the industry are thin.

As a result, mining became unprofitable for weaker miners, so they started shutting down. In crypto, that's called miner capitulation.

Now, capitulation is BAD while it's happening…

because miners are forced to sell their Bitcoin just to stay alive = heavy, constant downward pressure.

✅ … but GOOD once it's over,

because those weakest miners finally go offline and their forced selling stops = a major source of sell pressure gets removed from the market.

And that's the shift we just saw.

When miners shut off machines, the network's computing power drops. That's why the Hash Ribbons indicator matters - it looks for the moment things stop getting worse and start stabilizing.

And it just flashed a bullish signal.

This doesn't guarantee liftoff, but it signals the worst selling pressure is easing.

Bitcoin hash rate trend

Source: Capriole Investments

To double-check that, we look at miner reserves: still around 1.8M BTC - steady.

Meaning: no panic dumping, no forced liquidation, no "everybody's dying, sell everything" energy.

So, the simplified chain looks like this:

Mining got harder → weak miners failed → forced selling peaked → that pressure faded → network stabilized → price got room to breathe.

Basically, we're no longer in "we're doomed" territory. We're now in "okay... the bleeding stopped" territory.

And in crypto, that alone is a pretty big upgrade.

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🥝 Memecoin harvest

Charts lookin' like my heart rate after a RedBull 📈

Data as of 10:58 AM EST.

Check out these memecoins and plenty more here.

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🏦 Bitcoin banks shake up savings

Putting your money in a savings account today is like walking on a treadmill at speed 0.3.

Technically moving. Emotionally devastating.

Banks take your deposits, lend them out at strong rates, and you get whatever crumbs are left over after fees, spreads, and executive bonuses.

That gap between:

👉 What your money earns

👉 And what your bank earns with your money

... is exactly why financial rebels keep trying to rebuild the system.

Which brings us to Michael Saylor, aka Bitcoin's most consistent hype man, aka a guy who has never met a dip he didn't want to buy.

This week in Abu Dhabi (one of the world’s fastest-growing financial hubs), Saylor pitched a big idea:

What if new digital banks were backed by Bitcoin instead of fiat?

MicroStrategy, Michael Saylor (speaking at the event)

Source: The Bitcoin Therapist

Here's the logic behind the pitch:

Right now, trillions of dollars are constantly sloshing around the world, hunting for the least disappointing place to sit.

👉 Savings accounts pay little.

👉 Bonds get eaten by inflation.

👉 Cash slowly leaks value.

Saylor's idea is that Bitcoin-backed digital banks could become a new global "parking lot" for that money - but one with real yield potential.

The structure itself isn't some DeFi fever dream either. Saylor's rough framework looks like this:

👉 80% in digital credit built on a Bitcoin-backed base;

👉 20% in traditional cash;

👉 10% set aside as reserves for when things get weird.

He's been taking this idea straight to Middle Eastern sovereign wealth funds - which makes perfect sense. If you're going to pitch trillion-dollar financial experiments, you start with the people who already manage trillions 💸

MicroStrategy, Michael Saylor (Strategy's Bitcoin holdings graphic)

Source: BitcoinTreasuries.NET

This isn't crypto politely asking for a seat at the banking table. This is crypto asking what happens if we replace the table.

If something like this ever launches at scale, it would:

👉 Reshape how countries compete for capital;

👉 Redefine what a "safe" bank account even means;

👉 And turn early movers into global digital finance powerhouses.

So yeah - maybe one day, when you park your money... it won't just shuffle along at treadmill speed.

It might actually go somewhere 🏦

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🍋 News drops you can't miss

🖥️ CoreWeave wants to bring in $2B with convertible senior notes that'll wrap up in 2031. Buyers can even toss in another $300M, all to help CoreWeave power up their AI expansion.

🤖 Tether put money into a €70M (about $81M) round for Generative Bionics. The robotics spin-off gets first dibs on some tech built over 20 years at the Italian Institute of Technology.

⚖️ A US judge's double-checking if Do Kwon's charges in South Korea or Montenegro could affect his sentencing here. They want all the details straight before his hearing in the States on December 11.

🏦 USDT got officially accepted in Abu Dhabi's main financial zone as an Accepted Fiat-Referenced Token (AFRT). Now licensed players in the Abu Dhabi Global Market can actually use USDT in regulated finance activities.

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🍌 Juicy memes

Meme about needing a break from multiple screens but using a phone instead.

Source: @alifarhat79

Meme about contrasting reactions to AI-generated images.

Source: @dogeofficialceo

Meme about monitoring investing losses with multiple screens for a humorous effect.

Source: @TheCryptoLark

Gode S. Web3 Market Analyst
Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem.
Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information.
Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries.

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