Hi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
The three major indices of the U.S. stock market are showing an upward trend. The Nasdaq Composite is trading at 19,507.24 points, up 1.02% from the previous session as of 00:15 on the 3rd. The Dow Jones is up 0.72% at 42,849.04 points, and the S&P 500 is recording an increase of 0.84% at 5,930.80 points.
Elon Musk, the CEO of Tesla, who had changed the name of X (formerly Twitter) to 'Kekius Maximus', reverted to his original name on the 1st (local time). Meanwhile, KEKIUS fell by about 20% within an hour.
Renowned macroeconomic expert and trader Henrik Zeberg stated on the 1st (local time) via X (formerly Twitter) that "the altcoin season has already started," adding that "with the start of the third wave of Bitcoin (BTC) dominance, the altcoin rally will unfold in earnest." He further added, "The altcoin season will only end after the fourth and fifth waves."
Floki (FLOKI) DAO, a project that debuted in the market as a representative meme coin alongside Dogecoin (DOGE) and declared a transition to utility, has unanimously passed a governance proposal to supply part of the approximately 16.31 billion FLOKI, which was bought back over three years ago, as liquidity for the FLOKI ETP and burn the rest. According to Cointelegraph, a cryptocurrency-focused media outlet, FLOKI ETP is expected to be listed on the Swiss Stock Exchange operated by SIX in early Q1.
On the 1st (local time), the cryptocurrency-focused media WuBlockchain, citing Arkam data, reported that "the fee revenue-related address of the Solana (SOL) based token issuance platform Pump.fun deposited 120,000 SOL ($22.88 million) to Kraken at 1:37 AM (KST)." It further stated, "Currently, Pump.fun holds 172,000 SOL and 101,000 JitoSol, totaling $55.19 million in value."
On the 1st (local time), the cryptocurrency media BeInCrypto reported that Ethereum (ETH) might fall below $3000 due to downward pressure. The media stated, "According to IntoTheBlock data, the net flow of whales holding more than 0.1% of the ETH supply has plummeted by 73.19% over the past 7 days," analyzing that "this means large investors are reducing their positions." It continued, "The Taker Buy Sell Ratio indicator for Ethereum has also remained below 1 for most of the past 7 days," indicating that "the selling pressure from derivative traders continues." Additionally, it noted, "The MACD (Moving Average Convergence Divergence) histogram on the ETH/USD daily chart also points to a negative value, showing a bearish trend," adding that "if the selling pressure intensifies, Ethereum could drop to $2558. On the other hand, if market sentiment improves and whales resume accumulation, it could rise to $3415." Meanwhile, ETH is trading at $3348.70, down 0.35% from the previous day, based on the Binance Tether (USDT) market as of 03:57 on the 2nd.
According to the cryptocurrency-focused media U.Today on the 1st (local time), Stani Kulechov, the founder of the decentralized cryptocurrency lending protocol Aave, predicted that Ethereum (ETH) will have a smooth start in 2025. He stated, "Through the Pectra upgrade starting from the first quarter, unique personal wallets (EOA) will function like smart contracts, leading to the expansion of smart wallets, improved user experience, and enhanced security," adding, "Additionally, the introduction of blob space is expected to flexibly adjust the limits of blobs in the consensus layer, improving Ethereum's data availability (DA) scalability." He further explained, "This will benefit not only the Ethereum mainnet but also all Layer 2s." Meanwhile, ETH is trading at $3344.55, down 1.86% from the previous day, as of 01:29 on the 2nd in the Binance Tether (USDT) market.
According to Cointelegraph, a cryptocurrency-focused media outlet, Singapore is gaining attention for its crypto-friendly regulatory environment. Currently, Singapore boasts 1,600 blockchain patents, 2,433 related jobs, and 81 cryptocurrency exchanges. Given Singapore's population size (around 6 million), this is considered highly impressive. Additionally, Singapore doubled the number of digital asset licenses issued last year, strengthening the growth foundation of the cryptocurrency industry. Following Singapore, Hong Kong is also noted as a regulatory-friendly country.
On the 1st (local time), blockchain analytics firm Lookonchain announced via X (formerly Twitter) that "an anonymous whale address, dormant for 5 months, withdrew 220 billion Shiba Inu (SHIB, approximately $4.63 million) from Binance two hours ago."
On the 1st (local time), the cryptocurrency specialist media WuBlockchain reported, citing Kaito data, that the mindshare (awareness) of Decentralized Science (DeSci) increased by 2640% compared to early 2024. Trusted Execution Environment (TEE) increased by 192%, Chain Abstraction by 160%, and Artificial Intelligence (AI) by 116%. On the other hand, during the same period, Data Availability decreased by 94%, Liquidity Restaking Token (LRT) by 82%, BRC20 by 77%, and Account Abstraction by 71%.
The three major indices of the United States stock market closed lower. The Nasdaq Composite recorded a decline of 0.88% to 19,315.22 points on the 1st. The Dow Jones index fell 0.11% to 42,526.64 points, and the S&P 500 index ended trading down 0.43% at 5,881.80 points.
On the 31st (local time), Ublockchain reported, citing Bloomberg, that the virtual asset (cryptocurrency) prime brokerage firm FalconX is in negotiations to acquire the derivatives startup Arbelos Markets. The acquisition is expected to be officially announced soon, with the payment to be made in cash and FalconX stock.
According to the cryptocurrency-focused media outlet Daily Hodl on the 31st (local time), Russia's largest state bank, Sberbank, has announced its participation in the Digital Ruble pilot program. A total of 22 banks are expected to participate in this program, and the Digital Ruble is planned to be commercialized in July 2025.
According to the cryptocurrency-focused media outlet Daily Hodl on the 31st (local time), Anthony Scaramucci, founder of the American hedge fund SkyBridge Capital, predicted in an interview that "the price of Bitcoin (BTC) will more than double by 2025." He stated, "The demand for Bitcoin is likely to continue increasing in 2025," adding that "this could lead to a supply shortage, causing prices to surge." Additionally, he predicted that "the price of Bitcoin will rise to $200,000 due to the supply shock," and added, "There is no reason this won't happen. There is not enough Bitcoin in the market." Meanwhile, BTC is trading at $93,887.15, down 0.50% from the previous day, as of 04:41 on the 1st, based on the Binance Tether (USDT) market.
Stuart Alderoty, Chief Legal Officer (CLO) of Ripple (XRP), stated on the 31st (local time) via X (formerly Twitter) that "the jurisdiction of the U.S. Securities and Exchange Commission (SEC) includes only securities transactions," and "simple asset sales cannot be regulated. The sale of gold bars with contractual rights, ownership, or equity in a gold mine is likely to be considered a securities transaction." He continued, "On the other hand, gold bars sold without rights and obligations are simple asset sales, which the SEC cannot regulate," emphasizing that "the theory that virtual asset (cryptocurrency) tokens can potentially evolve from securities to non-securities is a fabricated error without legal basis."
According to the cryptocurrency media BeInCrypto on the 31st (local time), Ethereum (ETH) is showing signs of recovery towards the end of the year and the beginning of the new year. The media stated, "While Solana (SOL) and Bitcoin (BTC) have reached new all-time highs in 2024, Ethereum has not yet reached this milestone," adding, "Currently, Ethereum's Relative Strength Index (RSI) is at 56.2, showing a steady recovery since it fell below the 20 mark on December 20th (local time)." It further explained, "This indicates that Ethereum's buying pressure has recovered, moving out of an overbought state into a slightly bullish territory." Meanwhile, ETH is trading at $3,421.42, up 0.62% from the previous day, as of 03:01 on the 1st, based on the Binance Tether (USDT) market.
Bitcoin (BTC) temporarily dropped below the $94,000 mark. Meanwhile, BTC is trading at $93,712 on Binance Tether (USDT) market as of 02:38 on the 1st, up 0.66% from the previous day.
Paolo Ardoino, CEO of Tether (USDT), stated on the 31st (local time) via his X (formerly Twitter) that "Scammers who have been attacking Tether for years are spreading Tether FUD (Fear, Uncertainty, Doubt) while attacking Bitcoin (BTC) to promote useless technology," adding, "Tether likes Bitcoin. Together, these two coins can withstand anything." Meanwhile, BTC is trading at $94,826.45, up 2.89% from the previous day, as of 01:43 on the 1st, based on the Binance Tether (USDT) market.
Mike McGlone, a senior macro strategist at Bloomberg Intelligence, stated on the 1st (local time) via his X (formerly Twitter) that "As of December 30, 2024 (local time), gold has risen by about 26% and has outpaced the S&P 500," adding, "Especially as Bitcoin (BTC) has peaked, there is a possibility that gold could surpass Bitcoin in 2025. Gold could attract investors from cryptocurrencies, including Bitcoin." Meanwhile, BTC is trading at $95,342.95, up 3.65% from the previous day, as of 01:18 on the 1st, based on the Binance Tether (USDT) market.
Bitcoin (BTC) temporarily dropped below the $95,000 mark. Meanwhile, BTC is trading at $94,972, up 3.55% from the previous day, as of 00:10 on the 1st, based on the Binance Tether (USDT) market.
The three major indices of the U.S. stock market are showing an upward trend. The Nasdaq Composite Index is trading at 19,534.07 points, up 0.24% from the previous day as of 00:04 on the 1st. The Dow Jones Index is up 0.44% at 42,760.77 points, and the S&P 500 Index is recording a 0.34% increase at 5,927.10 points.
The three major indices of the United States stock market closed lower. The Nasdaq Composite Index recorded a 1.21% drop from the previous session on the 31st, closing at 19,483.59 points. The Dow Jones Index fell 0.97% to 42,573.73 points, and the S&P 500 Index ended the day down 1.06% at 5,907.40 points.
According to CryptoSlate, a cryptocurrency-focused media outlet, on the 30th (local time), the digital asset lending institution New York Digital Investment Group (NYDIG) announced in a report that it plans to expand its service offerings through Float Financing. The report explained, "Bitcoin (BTC) can generate cash flow through sales and can be used as collateral for fiat loans," adding that "applying float to Bitcoin-based loans can innovate the market and provide liquidity." Additionally, it stated, "Bitcoin holders will be able to maintain exposure while securing liquidity."
According to the cryptocurrency-focused media outlet Cointelegraph, a New York judge has postponed the trial date between the cryptocurrency exchange Gemini and the U.S. Commodity Futures Trading Commission (CFTC) from the original January 13 to January 21. The specific reason for the postponement has not been disclosed. Alvin Hellerstein, a judge at the New York District Court, emphasized that "no further delays will be allowed." The media outlet noted, "The lawsuit between Gemini and the regulatory agency has been postponed until after the inauguration of U.S. President-elect Donald Trump," adding, "This may lead to a change in the CFTC's stance towards Gemini and other cryptocurrency companies."
On the 30th (local time), according to the cryptocurrency specialized media Daily Hodl, cryptocurrency analyst Justin Bennett stated, "Bitcoin (BTC) is turning bearish," and analyzed that "if Tether (USDT) dominance tests the 4.7~5% range, Bitcoin could drop to $85,000." He continued, "Two weeks ago, the USDT dominance weekly closed at 4.29%, and last week it also closed above that level," adding, "As long as this trend continues, it seems likely to exceed 4.75%." Additionally, he mentioned, "There isn't much time left for Bitcoin to continue its upward trend," and "considering the bearish trend in the stock market, a trend reversal might be difficult." Meanwhile, as of 04:08 on the 31st, Bitcoin is trading at $94,454.55 on the Binance Tether (USDT) market, up 1.12% from the previous day.
According to the virtual asset (cryptocurrency) market insight platform Unfolded, as of the 30th (local time), an analysis of virtual asset theft causes from January to November this year shows that private key leakage accounted for the largest share at 43.8%. Following this, unknown causes accounted for 25.3%, exploits 8.5%, and security vulnerabilities 6.3%.
Uniswap's new Layer 2 network, Unichain, announced on the 30th (local time) via its official X (formerly Twitter) that it plans to launch a new Validation Network next year to enhance the decentralization of the chain through node block validation.
Bitcoin (BTC) temporarily recovered to the $94,000 level. Meanwhile, BTC is trading at $94,438.32, up 0.76% from the previous day, as of 03:31 on the 31st, based on the Binance Tether (USDT) market.
Sunil Kavuri, the leader of the largest creditor group of the bankrupt cryptocurrency exchange FTX, stated on the 30th (local time) via X (formerly Twitter) that "FTX's plan to implement a debt restructuring in early January next year seems difficult to proceed." He noted, "Currently, FTX's cash holdings are estimated at $13 billion, with venture capital portfolios and litigation proceeds estimated at $5 to $7 billion." He continued, "$7 billion has been set aside as reserves related to disputed claims, but this is not included in the initial distribution." He explained, "Approximately $7 billion in cash is expected to be distributed first in March next year, with additional assets to be distributed after the resolution of disputed claims." Additionally, he added, "The recovery and distribution of the remaining assets will be carried out over the next 2 to 3 years." Previously, FTX had announced in a press release that "FTX's debt restructuring plan is expected to be implemented in early January next year, with creditor repayments to be made before March, within 60 days of that."
Bitcoin (BTC) temporarily dropped below the $92,000 mark. Meanwhile, BTC is trading at $91,961.18, down 1.81% from the previous day, as of 01:41 on the 31st in the Binance Tether (USDT) market.