Auteur/autrice : Eric Mawuli DJIRACKOR

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A bitcoin (BTC) slump spiraled into over $700 million worth of liquidations across futures tracking major tokens, with XRP and dogecoin (DOGE) products recording unusually high losses.
BTC fell under $100,000 in late U.S. hours before slightly recovering during early Asian hours Thursday, as the Federal Reserve hinted at a few rate cuts in 2025. Fed chair Jerome Powell then said at a post-FOMC press conference that the central bank wasn’t allowed to own bitcoin under current regulations — in response to a question about President-elect Donald Trump’s strategic reserve promises.
"That's the kind of thing that Congress should consider, but we are not looking for a law change," Powell said. In a July campaign, Trump said the government would keep 100% of all the bitcoin it currently holds or acquires in the future under his administration — referring to the stockpile of seized BTC held by the country.
BTC fell 3% after Powell’s comments, causing a dive across majors. XRP, dogecoin (DOGE) and Solana’s SOL fell as much as 5.5%, with BNB Chain’s BNB and ether (ETH) down 2.5%. Chainlink’s LINK fared the worst with a 10% drop — erasing some gains from earlier in the week as Trump-backed World Liberty Financial purchased $2 million worth of the tokens.
The market slide led to over $700 million in bullish bets liquidated, with futures tracking smaller altcoins and meme tokens recording higher losses than BTC or ETH futures in an unusual move, data shows.
A liquidation occurs when an exchange forcefully closes a trader's leveraged position due to the trader's inability to meet the margin requirements. Large-scale liquidations can indicate market extremes, like panic selling or buying.
A cascade of liquidations might suggest a market turning point, where a price reversal could be imminent due to an overreaction in market sentiment.
Some traders say Powell’s comment may mark a local top, dampening expectations of a continued rally toward the end of the month.
“Crypto markets may have entered a peak if a U.S. Bitcoin strategic reserve is no longer in play, as this promise helped to fuel the recent months' rally to new all-time highs, Nick Ruck, director at LVRG Research, shared with CoinDesk in a Telegram message. “Although an interest rate cut would normally have a bullish reaction since it was largely expected, the market strongly reacted after Fed Chair Jerome Powell stated that inflation would be a continuing problem throughout the next year.”
Traders at Singapore-based QCP Capital, however, remain generally bullish for the coming year.
“Don't get shaken out of your positions if a drop occurs. With 2025 poised to be a potentially bullish year for crypto, particularly with Trump in office, staying the course may prove beneficial,” the company said in a Thursday broadcast message.
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA. He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
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MyNewsLA.com
Breaking news for Los Angeles, Orange and Riverside counties
No tickets matching all six numbers were sold for Wednesday evening’s drawing of the multi-state Powerball lottery, pushing the estimated jackpot for Saturday’s drawing to $88 million.
A ticket with five numbers, but missing the Powerball number, was sold in Sacramento and is worth $1,391,550, according to the California Lottery.
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The numbers drawn Wednesday were 6, 15, 18, 33, 49 and the Powerball number was 7. Wednesday’s jackpot was $69 million. It was the fifth drawing since the last time a ticket with all six numbers was sold.
The odds of matching all five numbers and the Powerball number is 1 in 292.2 million, according to the Multi-State Lottery Association. The overall chance of winning a prize is 1 in 24.9.
The Powerball game is played in 45 states, the District of Columbia, Puerto Rico and U.S. Virgin Islands.
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WPXI Now

BEAVER FALLS, Pa. — A person was taken to the hospital after a shooting in Beaver Falls Wednesday night.
Beaver County dispatchers said police and EMS units were called to the 300 block of 13th Street at 9:45 p.m. for a shooting.
A male patient was taken to the hospital from the scene. There is currently no word on his condition.
Beaver Falls police are handling the investigation, dispatchers said.
This is a developing story. Check back for updates as more information becomes available.
Download the FREE WPXI News app for breaking news alerts.
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5 movies like ‘Carry-On’ to stream right now  Tom’s Guide
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WVUA23 News Reporter Callie Cassady
According to our news partner, ABC 3340, multiple Fayette County sheriff’s office vehicles are near the property of a family at the center of missing toddler Kahleb Collins in Fayette County.
The home is located on Highway 129, just outside of Winfield.
Deputies could be seen stretching crime scene tape around the area just before 8:00 p.m. Wednesday.
Some people were also seen on the property with shovels in hand.
His grandfather, John Elton bailey, is being held on a $100,000 bond for failing to report a missing child.
While the complaint against Bailey does not name Kahleb, it reports Bailey did not report a child missing and had a duty to do so.
Authorities first learned Kahleb was missing after his family was in a deadly car crash on December 8th, that killed the father and a two-year-old sibling.
Kahleb’s mother remains in the ICU at UAB hospital in Birmingham.
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Zeta Global Holdings Corp. Class Action: Levi & Korsinsky Reminds Zeta Global Holdings Corp. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of January 21, 2025 – ZETA  AccessWire
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After more than four years of litigation, a closely watched copyright case over the Internet Archive’s scanning and lending of library books is finally over after Internet Archive officials decided against exercising their last option, an appeal to the Supreme Court. The deadline to file an appeal was December 3.
With a consent judgment already entered to settle claims in the case, the official end of the litigation now triggers an undisclosed monetary payment to the plaintiff publishers, which, according to the Association of American Publishers, will “substantially” cover the publishers’ attorney fees and costs in the litigation.
“While we are deeply disappointed with the Second Circuit’s opinion in Hachette v. Internet Archive, the Internet Archive has decided not to pursue Supreme Court review,” reads a December 4 statement posted on the Internet Archive’s blog. “We will continue to honor the Association of American Publishers (AAP) agreement to remove books from lending at their member publishers’ requests.” The post added that the IA would continue work with supporters “to advocate for a future where libraries can purchase, own, lend, and preserve digital books.”
The end of the case comes after a three-judge panel of the Second Circuit Court in September delivered a swift and unequivocal decision that unanimously affirmed judge John G. Koeltl’s March 24, 2023, summary judgment ruling, which found the Internet Archive's program to scan and lend print library books to be copyright infringement.
“This appeal presents the following question: Is it ‘fair use’ for a nonprofit organization to scan copyright-protected print books in their entirety, and distribute those digital copies online, in full, for free, subject to a one-to-one owned-to-loaned ratio between its print copies and the digital copies it makes available at any given time, all without authorization from the copyright-holding publishers or authors? Applying the relevant provisions of the Copyright Act as well as binding Supreme Court and Second Circuit precedent, we conclude the answer is no,” the 64-page decision reads.
The infringement lawsuit was first filed on June 1, 2020, in the Southern District of New York by Hachette, HarperCollins, Penguin Random House, and Wiley, and organized by the AAP. The suit specifically involved 127 works from the plaintiff publishers—a sample of the more than 33,000 plaintiff publishers' works said to be included in the Internet Archive's library—with initial court filings suggesting that the lA's collection included more than a total of 3.6 million works potentially under copyright.
Publisher and author groups had long been troubled by the IA's program and the concept of controlled digital lending. But a lawsuit did not appear imminent until March 2020, when the Internet Archive rattled publishers and authors by unilaterally launching its now shuttered National Emergency Library initiative, which temporarily removed restrictions on the IA's collection in response to the pandemic closures of schools and libraries.
In a statement, AAP reps celebrated what they characterized as a complete legal victory.
“After five years of litigation, we are thrilled to see this important case rest with the decisive opinion of the Second Circuit, which leaves no room for arguments that ‘controlled digital lending’ is anything more than infringement, whether performed by commercial or noncommercial actors, or aimed at authorship that is creative or factual in nature,” said AAP president and CEO Maria Pallante, in a statement. “As the Court recognized, the public interest—and the progress of art and science that is the mandate of the Constitution’s copyright clause—is served best when authors and their publisher licensees can decide the terms on which they make their works available.”
Meanwhile, the Internet Archive’s legal battles are not quite over. The IA is facing a similar, follow-on suit filed by a group of major record labels over its “Great 78” program, which collects vintage 20th century 78 RPM recordings, digitizes them, and makes them freely available to the public.
An archive of PW's coverage of the case is here.
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Caleb Love had a big night as Arizona beat Samford on Wednesday at McKale Center.
Caleb Love scored 23 points, Arizona led 56-33 at halftime and maintained a double-digit lead throughout the second half to defeat Samford 96-64 on Wednesday night at McKale Center. Arizona improves to 5-5 overall with its final non-conference game on Saturday versus Central Michigan.
Arizona took its first double-digit lead 30-19 with 8:10 left in the first half and it never fell below 11 points the remainder of the game. The Wildcats extended a 16-15 lead to 39-21 with a 23-6 run and were in command the remainder of the game. Arizona committed only four turnovers in the first half against a Samford team adept at forcing them.
Arizona shot 61.3 percent in the first half. Love led the way with 18 points in the first half on 5-7 from the floor, 2-4 on three-point attempts and 6-8 from the free throw line. Trey Townsend scored 14 points and had eight rebounds and Anthony Dell'Orso also scored 14.
The win is a solid one for Arizona. Samford is just outside quadrant two as the 80th-ranked team in the NCAA Netratings. Home games in quad two are versus teams from 31st through 75th in the netratings. Samford could move up in the rankings to turn the game into a quad-two win for Arizona.
Goodnight from McKale pic.twitter.com/aGIQrUyRzw
Samford was led by Jaden Brownell with 13 points. Julian Brown and Trey Fort were the only other Samford players in double-figures with 11 points. Samford shot 36.7 percent from the floor and made 12 out of their 35 three-point attempts. Arizona outrebounded Samford 42-23, had a 48-20 edge in points in the paint and 37-12 in fast break points.
Arizona held the lead for 38:30 and the game was tied for 1:13. The Wildcats continued to struggle from three, making only seven of its 22 attempts. Tommy Lloyd started Tobe Awake, Jaden Bradley, Dell'Orso Love and Townsend together for the first time this season.
© 2024 Minute Media – All Rights Reserved. The content on this site is for entertainment and educational purposes only. Betting and gambling content is intended for individuals 21+ and is based on individual commentators' opinions and not that of Minute Media or its affiliates and related brands. All picks and predictions are suggestions only and not a guarantee of success or profit. If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER.

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