Welcome to the TechMeme right home for Thursday, December 5th, 2024. I'm Brian McCullough today.

Bitcoin crosses the big 100K mark for the first time. We now know who Trump wants to fill the roles.

Silicon Valley cares about the most. Is Amazon about to become a top-tier AI model player?

Two new models from Google Deep

Mind, one of them promising to revolutionize weather prediction, and Waymo says,

Bienvenito Ami, here's what you miss today in the world of tech.

Well, it's finally happened. Bitcoin has passed $100,000 per coin for the first time ever.

But get these crazy stats. Bitcoin has rallied more than 126% just since January 2024.

And according to CC data, crypto trading volume hit an all-time high in November with more than

$10 trillion of assets traded for the first time ever on centralized spot and derivatives exchanges.

Quoting Bloomberg. The combined volume doubled last month, according to data compiled by CCData,

crypto markets surged amid optimism for a friendlier regulatory environment for the industry under the newly elected Trump administration,

with market bellwether

Bitcoin jumping 38% and setting a record high of almost $100,000.

This sentiment is evident in the increased appetite for assets like Ripple, which has historically

faced heightened regulatory scrutiny, said Jacob Joseph, senior research analysts at CCData.

Optimism is also evident on the institutional side,

with CME volumes seeing a significant uptick and substantial inflows into spot Bitcoin

ETFs over the past month, end quote. Monthly spot trading volume on centralized exchanges

increased 128% to $3.43 trillion, the second highest number ever since May 2021. Derivatives volume climbed 89%

to $6.99 trillion, surpassing the previous all-time high from March, according to CC data.

The data doesn't include volume from so-called decentralized finance platforms, end quote.

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