According to the latest data from CryptoQuant, 33,513,756,079 is leaving exchanges. The decline signals a shift to storing 60,290,383,977 in cold or hot wallets.
According to Paolo Ardoino, there is another smear campaign against Tether.
Let me remind you that Paolo Ardoino is the CEO of Tether (issuer #USDT ), who was appointed in December 2023. He is a supporter of #Bitcoin and other crypto assets. Paolo previously stated that the US authorities can destroy the company at any time if they want. He also said that the company #Tether is trying to do everything to ensure that USDT is not used for criminal purposes. $BTC
- In the USA, several states are considering the creation of strategic reserves in #BTC. - Thailand announced plans for the integration of cryptocurrency at the state level. - Africa is also advocating for the adoption of cryptocurrencies. - Bitwise has filed for a Bitcoin Standard Corporation ETF. - The company Strive has filed for a "Bitcoin Bond" ETF, which means convertible bonds from MicroStrategy. - The Central Bank of Cambodia has allowed commercial banks and financial institutions to provide services related to cryptocurrencies. In short, everyone is getting ready to earn money from crypto. What do you think about this?
The U.S. Internal Revenue Service (IRS) has approved rules stating that DeFi services are now considered brokers. Starting in 2027, they are required to provide data on all transactions involving digital assets.
DeFi (or decentralized finance) is a system of financial services and products that operate on a blockchain and are typically based on smart contracts. These are financial services without intermediaries. It includes decentralized exchanges (DEX), asset management platforms, money markets, and other instruments. $BTC $ETH $BNB
#BtcNewHolder “The US government will not be buying Bitcoin in 2025. […] However, there will be some movement within government departments and agencies to explore expanded cryptocurrency reserve policies,” said Alex Thorn, head of Galaxy Research.
Other Galaxy Research analysts predict that competition between governments to create Bitcoin reserves could intensify.
According to Spot on Chain, the US government holds 183,850 Bitcoins, worth about $17 billion, spread across various known addresses. $BTC
#BitwiseBitcoinETF In the US, several states are considering creating strategic reserves in BTC.
Thailand has announced plans to integrate crypto at the state level. Africa is also in favor of accepting crypto. Bitwise has applied for the Bitcoin Standard Corporation ETF. Strive has applied for the "Bitcoin Bond" ETF, i.e. MicroStrategy convertible bonds. In short, everyone is getting ready to make good money on crypto.
A survey among retail investors in the UAE showed that 37% plan to increase the share of crypto assets in their portfolio. The survey, conducted by the trading platform eToro, involved 1,000 retail investors. 40% of respondents chose stocks, and 38% plan to invest in real estate.
#MarketRebound Nick Tomaino, founder of 1confirmation, stated on platform X that ETH is the native tool for storing value on the internet and has the best monetary policy in the world. He noted that unlike Bitcoin (BTC), which will reach a cap of 21 million by 2140, the supply of ETH will gradually decrease with the growth of applications such as DeFi, stablecoins, NFTs, prediction markets, and SocialFi. He suggested that investors stake ETH to earn income while holding it for the long term.
#ChristmasMarketAnalysis Today Bitcoin is trading around $96000 and most likely after Christmas this price will remain and may even drop to mid-January 2025. Next, I expect the start of altseason, where we will definitely see 60%+. Many are forming long positions in altcoins and are preparing for everything to happen very quickly. And which altcoins are you buying before Christmas?
According to some analysts, the price fluctuations of #Bitcoin during the Christmas and New Year holidays over the past five years were significantly greater during the period from December 20 to January 6, and its actual rise and fall were within 10%, except for 2020, which was particularly dramatic.
I believe that after Christmas and New Year, the probability of making a profit could be 60% or more. What do you think? $BTC
#ChristmasMarketAnalysis Peter Schiff proposed the idea of launching a national cryptocurrency for the USA by creating his own digital asset 'USAcoin'.
In his opinion, this should be done instead of accumulating strategic reserves in BTC, and the USA could save significantly this way.
Peter Schiff is a well-known economist and head of strategic development at Euro Pacific Asset Management, a company that manages assets, as well as a proponent of gold investments, a crypto skeptic, and an opponent and critic of #BTC. $BTC
Michael Saylor proposed to Jeff Bezos to enter the cryptocurrency space by purchasing #Bitcoin for $600 million. This could be the first step for Amazon in the cryptocurrency race.
Michael Saylor is an entrepreneur, founder, and until 2022, the CEO of the American technology company MicroStrategy, which develops a platform for business analytics. In the summer of 2020, MicroStrategy became the first publicly traded company on the Nasdaq exchange to convert part of its capital into Bitcoin. $BTC
Senator Cynthia Lummis recently stated on platform X that the goal of the Bitcoin strategic reserve is to "explicitly and strategically pay down the national debt that burdens every American".
Hester Peirce, Commissioner of the U.S. Securities and Exchange Commission, stated that she is ready to reconsider physical redemption and staking ETF on #Bitcoin and #Ethereum. $BTC $ETH
Investors are mass exiting Bitcoin ETFs. Some experts predict a drop to 85000 and even 75000, while others predict growth. Should we expect further declines or is this a temporary correction?
Fed Chairman Powell gave the markets a big scare yesterday, causing #BTC to fall below $100k. Altcoins fell even further following #Bitcoin. 278k traders led for $806m in 24 hours. US stock market saw $1.5tn in liquidations.
Powell's key points:
- Fed leadership now forecasts two rate cuts in 2025, by 25bp each, instead of the four previously expected;
- Inflation will only return to the 2% target in 2027 (previously promised in 2026).
- The Fed is prohibited from buying #BTC on its balance sheet under US law.
If the USA buys 1,000,000 BTC over the next 5 years, and the cryptocurrency rate increases by 25% annually, by 2050 this strategy could cover 44% of the US national debt. $BTC
Recall that Bitwise has registered a statutory trust in Delaware, the first step toward launching an ETF on #SOL. This makes Bitwise the fourth company seeking to create a spot ETF on SOL, along with VanEck, 21Shares, and Canary Capital. $SOL
El Salvador may reach a deal with the IMF and implement changes in the processes of using BTC in exchange for a loan of $1.3 billion. El Salvador is reportedly set to cancel the mandatory requirement for businesses to accept payments in #BTC and make the acceptance of such payments voluntary.
I remind you that the IMF has long urged El Salvador to abandon the recognition of Bitcoin as legal tender. In October 2024, it reiterated this call.
Overall, El Salvador holds 6181 BTC, of which the first 200 BTC were acquired in 2021. $BTC
- December 5th: ETH-ETFs attracted a record amount of $428 million, indicating growing interest from institutional investors;
- December 6th: ETH-ETFs recorded a total net inflow of $83.76 million, continuing a 10-day trend of net inflows;
- December 7th (today): according to monitoring, 9,700 ETH, worth $38.6 million, was transferred from institutional custody platforms Binance and Ceffu to an unknown wallet;
- December 7th: according to monitoring, 97,350,964,115 Treasury issued an additional 2 billion 386,117,265,83 on the Ethereum network.
Additionally, this week 33,603,173,020 broke the $4,000 mark. Also, thanks to the continuous growth in DeFi and Memecoin trading, protocol revenue 85,007,166,198 this week approached 40%.