Bitcoin vs Gold: Morehead's View
Billionaire Dan Morehead advocates for Bitcoin over gold, highlighting its advantages. Meanwhile, Bitcoin's value is currently around $95K - $96K.
Key Updates:
- Revolut becomes the first banking data publisher on the Pyth Network Details.
- Bitfinex receives a digital asset service provider license in El Salvador, marking a major global expansion move.
- Bhutan SAR plans to adopt BTC, ETH, and BNB as strategic reserves More info.
- Fidelity forecasts significant rise in crypto investments by nation-states Full report.
- Movement Labs nears $100M Series B round, enhancing their valuation to $3 billion Learn more.
- Starknet launches SN Stack for appchain development Announcement.
#Bitcoin#Crypto#VC#Fidelity#Bitfinex#ElSalvador#Bhutan#PythNetwork#Revolut#DeFi#MovementLabs#Starknet#Blockchain#DigitalAssets#Investing#Funding#Cryptocurrency#Finance#Technology#MarketTrends
Major Crypto Movements and Developments
💵 50M #USDC minted at USDC Treasury.
🚨 1,297 #BTC (125.7M USD) transferred from unknown wallet to #Coinbase.
📉 NY judge pauses SEC case against Coinbase—link.
🇨🇦 Sol Strategies announces CAD 25M credit facility for Solana investments—link.
🔵 Czech Republic considers adding Bitcoin to its strategic reserve—link.
🟠 Thumzup Media Corp invests $1M in Bitcoin.
#USDC#BTC#Coinbase#Solana#SEC#CzechRepublic#DeFi#crypto#investments#finance#whalealert#SolStrategies#KuCoin#Web3#Sui#NakamotoGames#TON#ThumzupMedia#VC#AI
Massive Crypto Transfers and Bitcoin News
🚨 A staggering 50 billion #HEX ($104 million) moved between unknown wallets. Read more on Whale Alert. ⏳ On another note, Utah will become the first U.S. state to create a Bitcoin Reserve, investing up to 5% of state funds in $BTC and altcoins, potentially setting a precedent nationwide. 📊 Bitcoin's annual volatility is at an all-time low, with superior risk-adjusted returns compared to major asset classes as reported by ARK Invest. Meanwhile, the total Stablecoin supply on Base has surpassed $4B (source). Plus, banks are lobbying for crypto custody opportunities, while over 5,100 #BTC ($497 million) was transferred from #Kraken to an unknown wallet. Ark Invest also confirms Bitcoin's trajectory toward its 2030 price targets. 🌐
#HEX#Bitcoin#BTC#Kraken#Stablecoin#Crypto#Finance#Investments#ARKInvest#DeFi#Utah#Volatility#PriceTargets#WhaleAlert#Custody#CryptoAssets#Onchain#Investing#MarketTrends#Ethereum
Tokenized Mining Notes Coming to El Salvador
Bitfinex Securities to launch Blockstream Mining Note 2 (BMN2) in Q1 2025. BMN2 offers returns based on bitcoin mined by Blockstream. Previous note (BMN1) delivered over 1,212 BTC to investors in three years. More details in the article here: Read more
#Bitfinex#Blockstream#BMN2#ElSalvador#Bitcoin#Crypto#Investment#Tokenization#Mining#BTC#Finance#DeFi#DigitalAssets#Securities#Blockchain#Trading#Market#Returns#BMN1#Innovation#Economy
Texas Proposes State Bitcoin Reserve
Texas Senator Charles Schwertner proposes a bill for a Strategic Bitcoin Reserve, indicating a significant move towards cryptocurrency adoption at the state level. Meanwhile, Bitcoin mining difficulty reaches an all-time high over 110 trillion, showing robust hashrate growth post-China mining ban.
Details from Watcher Guru.
#Bitcoin#Texas#Crypto#Mining#Blockchain#Regulations#Reserve#Senate#Innovation#Finance#DigitalAssets#Investment#Altcoins#HODL#Hashrate#MiningDifficulty#TexasSenate#Bill#Legislation#VC
Bitcoin Drops Below $97,000
Bitcoin fell below $97,000 during the night. Liquidation volumes topped $625 million within 24 hours. In Kazakhstan, regulators have blocked over 3,500 illegal crypto exchanges, including Coinbase, for violating digital asset laws. On January 7, the Bitcoin spot ETF net inflow reached $52.39 million, while BlackRock's ETF IBIT saw $596 million in inflow, bringing the total net asset value of Bitcoin spot ETFs to $110.115 billion. Additionally, a large transfer of 250,080,000 #CRO ($36.78M) was made from #CryptoCom to an unknown wallet.
#Bitcoin#Crypto#Kazakhstan#ETF#CRO#CryptoCom#WhaleAlert#Finance#MarketUpdate#Liquidation#News#Blockchain#Regulators#Assets#Investment#DigitalAssets#CryptoNews#MarketTrends#CryptoExchange#CryptoRegulation
Crypto Funds Struggle Compared to Bitcoin
OKX's founder Star claims no crypto fund has outperformed Bitcoin over the last decade, predicting a 100x growth for the industry. He acknowledged feedback on OKB's lack of use cases and poor listings. A new secret business line for OKX is set to launch in February.
In other news, Ethereum spot ETFs saw a net outflow of $39.432 million, while Bitcoin ETFs faced a larger outflow of $284 million. Notably, BlackRock's ETHA and IBIT ETFs saw significant inflows.
Read more about OKX's updates here, Ethereum's ETF activity here, and Bitcoin's ETF activity here.
#OKX#Bitcoin#Ethereum#Crypto#ETFs#BlackRock#OKB#NFTs#Web3#DeFi#Soneium#S.BLOX #Blockchain#Investing#Finance#BitcoinETF#EthereumETF#VC#AI
New Auction Insights Boost Marketplaces
Key to marketplace success: increase buyer-seller transactions. Traditional property listings stagnate; auctions may revitalize them. One startup captured 20% market share in 3 months with a unique auction mechanic. This strategy could apply across various sectors. Read more: fastfounder.ru
KuCoin founders admit to accusations of unlicensed money transfer, resulting in a $297 million penalty. Founders banned from leadership roles.
Arizona Senate passes Strategic Bitcoin Reserve Act, allowing investment of up to 10% of public funds in cryptocurrencies like Bitcoin. Bill moves to Senate Rules Committee for further approval. cryptobriefing.com
Ethereum spot ETF faces outflows of $136 million on Jan 27; current net asset value: $11.30 billion. sosovalue.com
Ledger co-founder kidnapped for €10 million ransom, rescued by police after disturbing threats. Part of the ransom has been tracked. straitstimes.com
#Marketplace#Auction#RealEstate#Bitcoin#Crypto#KuCoin#Ethereum#ETF#Ransom#Ledger#France#Investment#Arizona#Blockchain#Finance#Assets#Trading#Innovation#Tech#VC
Coinbase Subpoenaed in Polymarket Inquiry
Coinbase confirms it has received a subpoena related to the CFTC's investigation into Polymarket. This development raises questions about regulatory scrutiny in the crypto space.
*Senator Cynthia Lummis is expected to head a new Senate committee focused on digital assets, which may influence future legislation.*
Read more: Velo News
#Coinbase#CFTC#Polymarket#Crypto#Senate#DigitalAssets#Regulation#Blockchain#USPolitics#Lummis#Finance#Investing#Market#Law#Technology#Innovation#Compliance#Research#Velo#News
MoonPay Acquires Helio for $175M
MoonPay has acquired the Web3 e-commerce platform Helio for $175 million, marking its largest acquisition to date. The deal enhances MoonPay's capabilities for enabling crypto transactions on platforms like Shopify and Discord. This acquisition comes amid a significant surge in MicroStrategy's BTC holdings, where they recently purchased 2,530 BTC for $243 million. Bitcoin's exchange reserves are at a 7-year low, as hedge funds capitalize on current market conditions.
#MoonPay#Helio#Ecommerce#Bitcoin#Crypto#MicroStrategy#USDC#BTC#Blockchain#Shopify#Discord#Payments#Investment#Acquisition#HedgeFunds#MarketTrends#CryptoNews#Finance#Tech#VC
AISTI Raises $30.37M
AISTI secures funding of $30.37 million on December 12, 2024. For more details, visit AISTI's official site.
#AISTI#Funding#Investment#Tech#Corporate#Finance #2024 #Round#Capital#Venture#Startups#Growth#Innovation#Business#Synergy#Development#Ecosystem#Partnerships#Strategy#Market
Bitcoin Mining Ban and Market Resilience
In 2021, China's ban on Bitcoin mining caused market panic, leading to a significant dip. However, this event has less relevance now. Bitcoin continues to show resilience despite fluctuations. Data from PumpFun reveals that only 0.4% of meme coin traders made over $10,000, while 60% ended with losses. Most users either broke even or earned little. For insights on meme coin trading, check this post.
#Bitcoin#Crypto#Trading#MemeCoins#MarketTrends#Mining#Investing#Blockchain#Finance#PumpFun#Statistics#MarketDip#Profit#Losses#Trader#Wealth#InvestmentStrategy#CryptoTwitter