Bitcoin Supply Drops Below 1M
🟠 Only 1,056,700 Bitcoin left to mine, forever. This significant milestone emphasizes Bitcoin's scarcity as its supply rapidly decreases.
📈 Hyperliquid achieves record $157B monthly volume in perpetual contracts, projecting $0.5T by March 2025 if trends continue.
🇫🇷 French Senate approves 2025 budget including an annual ‘unproductive wealth’ tax on unrealized cryptocurrency gains. Awaiting vote in the National Assembly.
🚨 180M USDT transferred from Tether Treasury to Bitfinex. Details from Whale Alert.
#Bitcoin#Crypto#Tax#Finance#Volume#France#Investment#Currency#USDT#Tether#Bitfinex#WhaleAlert#PerpetualContracts#Market#Scarcity#Trading#Budget#NationalAssembly#Future
Vietnam to Draft Crypto Legal Framework
Vietnam's Prime Minister has tasked the Ministry of Finance and State Bank to create a legal framework for cryptocurrencies by the end of March. Notably, Vietnam ranked among the top three globally in cryptocurrency ownership, with 21% of its population involved. More details: here.
In related news, $1 billion was liquidated from the cryptocurrency market recently. Arthur Hayes remains bullish, expecting the previous cycle's high of $70,000 to hold as support. Coinbase's Coin50 Index introduces new assets, and a hacker laundered $1.39 billion in ETH through THORChain. Lastly, FTX/Alameda transferred 3.03 million SOL to various wallets.
#Vietnam#Crypto#Bitcoin#ETH#FTX#SOL#Blockchain#Finance#Hayes#Coinbase#Regulation#Market#Investment#BullCycle#Liquidation#Hacker#THORChain#PerpetualContracts#Assets#Liquidity#Alameda