Category: crypto

Bitcoin’s accumulator addresses saw a significant increase in demand in December, with 225,280 BTC acquired by investors. Sell-side liquidity decreased by 590,000 BTC. The supply on OTC trading desks also dropped. Despite a recent correction, analysts predict Bitcoin will continue its upward trend. However, caution is advised due to decreasing USDT supply.

Sonic Labs announced the launch of the Sonic Gateway, allowing the conversion of FTM tokens to S tokens on the Sonic mainnet at a 1:1 ratio. With a focus on fast transactions, the network aims to process 10,000 transactions per second. The Gateway ensures asset custody in extreme circumstances.

Montenegro’s Constitutional Court rejected Do Kwon’s appeal for extradition to the US, allowing the Justice Minister to decide on his destination. Kwon, co-founder of Terraform Labs, is wanted in South Korea for his involvement in the collapse of TerraUSD and Luna tokens. The US and South Korea are both seeking his prosecution.

Israel is set to introduce six Bitcoin-linked mutual funds on Dec. 31, approved by the Israel Securities Authority. This move reflects growing confidence in digital asset investments and aligns with global trends. The success of US spot Bitcoin ETFs has sparked optimism for the future of crypto ETFs, with potential for expansion to other major…

Russia is using Bitcoin and other cryptocurrencies to counter Western sanctions. Finance Minister Siluanov stated that Russian companies are using digital currencies for international transactions. Stablecoins like USDT and USDC are also being utilized. Putin has supported digital currencies, passing laws to encourage their use in international trade. However, there are limitations, such as a…

CryptoQuant CEO Ki Young Ju suggests that the US could offset some of its national debt by establishing a Bitcoin reserve, despite potential challenges. This move could reduce reliance on inflationary policies. Analysts believe using Bitcoin as a reserve could complicate creditor relations due to its volatility, but it could offer long-term financial stability.

Bitcoin surged past $99,000 on Christmas day, driven by renewed optimism in the market, with leading digital assets like Ethereum, XRP, and Solana also posting gains. The global crypto market cap increased by 3.5% to $3.44 trillion, with the Crypto Fear and Greed Index showing a sentiment of “Greed.” Despite the rally, over $300 million…

Bitcoin options open interest has reached $44 billion as traders turn to options trading with futures trading cooling off. This shift comes as Bitcoin faces resistance at $99,000.

US Bitcoin spot exchange-traded funds (ETFs) experienced significant withdrawals on Christmas Eve, with combined outflows of $338.4 million. BlackRock’s iShares Bitcoin ETF had the largest outflow, followed by Fidelity, Ark, and 21Shares. Bitwise’s BITB fund was the only one with positive net inflows. In contrast, Ethereum-focused ETFs saw steady inflows, indicating continued investor interest in…

Decentralized Science (DeSci) is set for significant growth in 2025, driven by utility memecoins. By integrating blockchain technology into scientific research, DeSci aims to enhance transparency and collaboration in the scientific ecosystem. Projects like VitaDAO and AxonDAO are leading the way, with new initiatives focusing on research funding, health data management, and open-source research. The…