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CRCL IPO Surge & Arthur Hayes’ Warning: Better Buy Now?

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

Arthur hayes Advocates Buying Coinbase Amid Stablecoin Evolution

Table of Contents

The rise of stablecoins is reshaping the financial landscape, prompting conventional institutions to explore their integration.Arthur hayes, BitMex founder, recently highlighted the overvaluation of Circle, a key player in the stablecoin arena, suggesting a strategic move: buying Coinbase stock. This recommendation comes amid discussions about stablecoins’ increasing adoption and their potential to disrupt traditional banking.

Stablecoins: An Unstoppable Force

Stablecoins have gained traction as a reliable medium for digital transactions, with major companies like Meta, X, Airbnb, Google, Amazon, and Walmart exploring their use according to the Wall Street Journal.Despite attempts by some central banks to restrict cryptocurrencies, stablecoin usage continues to grow. For example, Nigeria sees USDT settlements accounting for a significant portion of its GDP, illustrating the demand for digital currencies in regions with currency controls or economic instability.

Did You know? Stablecoins are cryptocurrencies designed to maintain a stable value relative to a reference asset, such as the U.S. dollar, reducing volatility compared to other cryptocurrencies.

Tether’s Dominance and Network Effects

Tether (USDT) has established a strong network effect, making it a preferred choice for users worldwide. Its profitability stems from net interest income (NIM), generated from investments in assets like Treasury bonds.Unlike some stablecoin issuers, Tether does not pay fees to USDT holders, maximizing its gains. The widespread acceptance of USDT, especially in regions like South America, reinforces its dominance. In Argentina,as a notable example,USDT is commonly used for transactions,offering a more convenient alternative to traditional banking systems.

The Challenge for New Stablecoins

Launching a new stablecoin is challenging,especially without the backing of a major exchange,social media platform,or traditional bank. Distribution costs can be high,requiring new issuers to share a significant portion of their net income with depositors to attract users. This competitive landscape often leads to financial losses for investors in new stablecoin projects.Coinbase,for example,receives a significant portion of Circle’s net interest income in exchange for promoting USDC on its platform.

Coinbase as a Strategic Investment

Arthur Hayes argues that Circle’s valuation is currently overvalued, especially considering its agreement to share 50% of its interest income with Coinbase. Despite this,he advises against shorting Circle,suggesting that buying Coinbase stock is a more strategic move. This recommendation is based on the belief that Coinbase is undervalued relative to Circle, given its role in driving USDC adoption.

Pro Tip: When evaluating cryptocurrency investments,consider the underlying technology,market adoption,and regulatory landscape.

Future of Stablecoins and Market Outlook

U.S. Treasury officials anticipate that the issuance of stablecoins could reach $2 trillion. This growth is expected to drive demand for U.S. Treasury bonds, as stablecoin issuers invest their reserves in these assets. Though, the market may also see a wave of new stablecoin projects, some of which might potentially be overvalued and lack the necessary infrastructure for success. Investors should exercise caution and focus on companies with strong fundamentals and established distribution channels.

How will regulatory changes impact the future of stablecoins? What strategies can new stablecoin issuers employ to gain market share?

Company Stablecoin Market cap (USD)
Tether USDT 112 Billion [Statista, 2024]
Circle USDC 32.8 billion [Statista,2024]
Binance BUSD (defunct) N/A

Evergreen Insights on Stablecoins

Stablecoins emerged as a solution to the volatility inherent in cryptocurrencies like Bitcoin and Ethereum. By pegging their value to a stable asset, such as the U.S. dollar,stablecoins offer a more predictable and reliable medium for transactions. This stability has made them popular for trading, remittances, and as a store of value in regions with unstable currencies. The evolution of stablecoins has also attracted the attention of regulators,who are working to establish frameworks for their oversight.

Frequently asked Questions About Stablecoins

  1. what are stablecoins, and how do thay work?

    Stablecoins are cryptocurrencies designed to maintain a stable value relative to a reference asset, such as the U.S. dollar or gold. They achieve this stability through various mechanisms, including holding reserves of the reference asset or using algorithms to adjust their supply.

  2. Why are stablecoins significant in the cryptocurrency market?

    stablecoins provide a stable and reliable medium for transactions in the cryptocurrency market, reducing volatility and facilitating trading, lending, and other financial activities.

  3. What are the risks associated with investing in stablecoins?

    While stablecoins are designed to be stable, they are not without risks. These risks include the possibility of losing their peg to the reference asset, regulatory uncertainty, and counterparty risk associated with the issuers.

  4. How do stablecoins generate revenue?

    Stablecoin issuers generate revenue primarily through net interest income (NIM), which is the difference between the interest earned on their reserve assets and any fees paid to stablecoin holders.

  5. What is the regulatory landscape for stablecoins?

    The regulatory landscape for stablecoins is evolving, with governments and regulatory bodies around the world working to establish frameworks for their oversight. These frameworks aim to address risks related to consumer protection, financial stability, and money laundering.

  6. How do stablecoins compare to traditional currencies?

    Stablecoins offer some advantages over traditional currencies, such as faster and cheaper transactions, greater accessibility, and programmability. However, they also face challenges related to regulatory uncertainty and trust in the issuers.

  7. What factors should investors consider when evaluating stablecoin projects?

    Investors should consider factors such as the stability mechanism, reserve assets, regulatory compliance, and the reputation of the issuer when evaluating stablecoin projects.

Disclaimer: Cryptocurrency investments are highly risky, and their prices may fluctuate dramatically and you may lose all your principal.Please assess risks with caution.

Share your thoughts on the future of stablecoins in the comments below! Subscribe for more insights on the evolving world of cryptocurrency.

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World

GENIUS Act: Senate Passes Landmark Stablecoin Bill

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

GENIUS act: Senate Passes Landmark Stablecoin Legislation

Table of Contents

In a meaningful move for the cryptocurrency industry, the U.S. Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 Act,known as the GENIUS Act,by a vote of 68-30. This bipartisan legislation aims to establish a regulatory framework for stablecoins, digital currencies pegged to a stable asset like the U.S. dollar, potentially revolutionizing financial services and payments.

senate Approves GENIUS Act: Key Provisions and Implications

The GENIUS Act seeks to provide clarity and legitimacy to the stablecoin market, which has seen increasing interest from both traditional financial institutions and retail giants. The bill mandates that stablecoins be backed 1:1 by reserves such as U.S. treasuries and be issued by regulated entities subject to audits and anti-money laundering (AML) compliance. This framework aims to mitigate risks associated with stablecoins, such as potential liquidity flight from traditional banks and concerns about monetary sovereignty.

Did You Know? Stablecoins represent a $160 billion market as of June 2024, with the top three stablecoins (USDT, USDC, and DAI) accounting for over 90% of the total market capitalization.

Senate Banking Committee Chairman Tim Scott (R-S.C.) hailed the passage of the GENIUS Act as a “bold step forward” for financial innovation and American leadership.House Committee on Financial Services Chairman french Hill (R-Ariz.) also expressed optimism, stating that the bill brings “much-needed clarity and protections to the digital asset ecosystem.”

Impact on Financial Institutions and the Payments Landscape

The GENIUS Act’s passage has spurred increased activity in the stablecoin space. Financial institutions like Bank of America, Wells Fargo, and Citigroup are exploring the launch of jointly operated stablecoins. JPMorgan Chase recently announced plans to offer its own stablecoin, JPMD. retail giants such as Walmart and Amazon are also exploring embedded payments powered by stablecoins.

according to a recent report by McKinsey, blockchain technology could reduce banks’ infrastructure costs by $8 billion to $11 billion annually by 2027.

The partnership between OpenPayd and Circle to offer a unified fiat and stablecoin infrastructure layer, along with digital asset startup Ubyx raising $10 million to promote “stablecoin ubiquity,” further underscores the growing momentum behind stablecoins.

Potential Risks and Challenges

Despite the potential benefits, the GENIUS Act also raises concerns about financial stability and market risks. Observers warn that stablecoins could divert deposits away from traditional banks, particularly smaller institutions. Liquidity flight into stablecoins could destabilize the deposit base and erode the traditional bank funding model. There are also ongoing debates regarding privacy, surveillance, and the potential for systemic risk.

Pro Tip: Financial institutions should closely monitor the evolving regulatory landscape and develop strategies to adapt to the increasing adoption of stablecoins.

the bill still needs to pass the House before reaching President Trump’s desk. Potential amendments or merging the GENIUS Act with broader legislation like the CLARITY Act could delay implementation. however, if passed, the GENIUS Act could have enduring implications for how digital currencies are managed and how future innovations in finance are legislated.

GENIUS Act: Key Facts

Aspect Details
Official Name Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 Act
Senate Vote 68-30 in favor
Key Provisions 1:1 backing by U.S. Treasuries, regulated issuers, AML compliance
Potential Impact Increased institutional adoption, new payment solutions, regulatory clarity
Next Steps House vote, potential presidential signature

The GENIUS Act represents a significant step towards integrating digital currencies into the mainstream financial system. by establishing a clear regulatory framework, the bill aims to foster innovation while mitigating potential risks. The implications of this legislation could reshape the future of money and payments in the United States and beyond.

What impact do you think the GENIUS Act will have on traditional banks?

How will the GENIUS Act affect the average consumer’s access to digital currencies?

Evergreen Insights: The Evolution of Stablecoin Regulation

The GENIUS Act is the culmination of years of discussion and debate surrounding the regulation of digital assets, particularly stablecoins.The initial emergence of cryptocurrencies like Bitcoin raised questions about their potential impact on the traditional financial system. As stablecoins gained traction, regulators worldwide began exploring ways to address the unique risks and opportunities they presented.

The Financial Stability Board (FSB) has been actively monitoring stablecoins and their potential impact on global financial stability. In 2022, the FSB issued recommendations for the regulation, supervision, and oversight of global stablecoin arrangements. These recommendations aim to ensure that stablecoins are subject to appropriate regulatory standards and that their risks are effectively managed.

The European Union has also taken steps to regulate stablecoins through the Markets in Crypto-Assets (MiCA) regulation. MiCA establishes a extensive framework for the issuance and supervision of crypto-assets, including stablecoins, within the EU.The regulation aims to protect consumers, maintain financial stability, and foster innovation in the crypto-asset space.

The GENIUS Act aligns with these global efforts to establish clear regulatory frameworks for stablecoins. by requiring stablecoins to be backed by high-quality liquid assets and issued by regulated entities,the bill seeks to mitigate risks and promote confidence in the digital currency market.

Frequently Asked Questions About the GENIUS Act

What is the GENIUS Act?
The GENIUS Act (Guiding and Establishing National Innovation for U.S.Stablecoins of 2025 Act) is a bill passed by the U.S. Senate that aims to establish a regulatory framework for stablecoins in the united States.
Why is the GENIUS Act vital for stablecoins?
The GENIUS Act provides clarity and legitimacy to the stablecoin market by setting standards for reserves, issuer regulation, and compliance, which can foster greater adoption and innovation.
How dose the GENIUS Act affect financial institutions?
The GENIUS Act encourages financial institutions to explore stablecoin offerings, potentially leading to new payment solutions and revenue streams, while also posing challenges to traditional deposit models.
What are the potential risks associated with the GENIUS Act?
Potential risks include liquidity flight from traditional banks, concerns about monetary sovereignty, and the need for ongoing monitoring to address systemic risks.
What are the next steps for the GENIUS Act?
The GENIUS Act must now pass the House of Representatives and be signed into law by the President to take effect.
How will the GENIUS Act impact the average consumer?
The GENIUS Act could lead to more accessible and efficient payment options for consumers, as well as increased confidence in using stablecoins for transactions.
What are the key provisions of the GENIUS Act?
The key provisions include requiring stablecoins to be backed 1:1 by U.S. Treasuries, issued by regulated entities, and subject to audits and AML compliance.

Disclaimer: This article is for informational purposes only and does not constitute financial or legal advice. Consult with a qualified professional before making any financial decisions.

Share your thoughts on the GENIUS Act in the comments below! Subscribe to our newsletter for the latest updates on digital currencies and financial regulations.



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Business

Salinas Pliego asks to buy bitcoin; what is it and how does it work?

by Chief editor of world-today-news.com
written by Chief editor of world-today-news.com

On November 23, 2024, Ricardo Salinas Pliegorenowned Mexican businessman and owner of Grupo Salinas, shared on his social networks a message that has generated controversy: “Stay away from paper, currency… buy Bitcoinor just invest in gold.”

With a position that goes against the investments traditional in fiat currencies, Salinas Pliego promotes an alternative that, although seen by some as riskyis gaining ground as a viable option for protecting heritage. But what exactly is the Bitcoin and how does it work? Here we explain it to you.

Read also: “Salinas Pliego must be expropriated” for debts to the SAT, says Paco Ignacio Taibo II; asks Sheinbaum to be self-critical

According to the BBC, Bitcoin is a decentralized digital currency, created in 2009 by a person or group under the pseudonym Satoshi Nakamoto. Unlike traditional currencies, such as the dollar or the euro, Bitcoin no it depends from any central institution, such as a bank or government, for issuance or regulation.

This means that it is not subject to policies monetary traditional, which attracts many investors looking for an alternative to traditional money.

One of the most attractive features of Bitcoin is that it is based on a technology called “blockchain” or blockchain, which guarantees the security and transparency of transactions.

This system allows any Bitcoin transfer to be recorded in a public ledger accessible to everyone, reducing the risk of fraud, according to the Bitcoin site itself.

The value of Bitcoin has been very volatile since its creation. In its early years, the price of a single Bitcoin was less than one dollar, but over time it has reached values ​​that exceed 60,000 dollars at certain times, which has attracted investors and speculators seeking to take advantage of market fluctuations.

Photo: iStock

Read also: “It is enough for me to travel by helicopter”; Salinas Pliego responds to Taibo’s call to expropriate him

How does Bitcoin work and how can you invest in it?

The operation of Bitcoin is based on a decentralized network of computers known as “nodes.” Every time a person makes a Bitcoin transaction, it is verified and recorded on the blockchain, a process known as “mining“. Mining is carried out by people who use powerful computing equipment to solve complex mathematical problems and, in exchange, receive new coins.

To buy Bitcoinpeople can do so through exchange platforms known as “exchanges”, where cryptocurrencies can be bought and sold. Some of the most popular platforms include Binance, Coinbase, and Kraken. To make a purchase, you need creset an account On these platforms, deposit funds in traditional currency or other cryptocurrencies and then exchange them for Bitcoin.

He Bitcoin can be stored in adigital wallet“, which can be online, on a physical device or even in a “cold wallet”, which is not connected to the internet, which increases security against cyber attacks. The key to access Bitcoin is private and, if loses, access to funds is lost.

Salinas Pliego’s recommendation to move away from traditional money and consider Bitcoin as an investment option reflects a growing trend among some businessmen and economists who see cryptocurrencies as an alternative to inflation and global economic instability.

However, investing in Bitcoin It should be done with caution, considering both its benefits and risks. Like any investment, it is important to do your research and understand how it works before making financial decisions.

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**Dr. Ramirez, some argue that Bitcoin’s decentralization​ makes it immune to government manipulation, while others argue its lack‍ of regulation exposes it to​ vulnerabilities.⁤ What is your analysis of Bitcoin’s susceptibility to external influences and how does this factor into its potential as a safe haven?**

## Bitcoin: A Safe Haven or Risky Gamble?

**An Interview with Financial Experts**

**Introduction:**

The recent statement by⁢ Mexican businessman Ricardo Salinas Pliego advocating for⁤ Bitcoin as ‌a safeguard against economic ⁣instability has sparked debate about the viability⁤ of cryptocurrencies as​ a safe haven for investment. To delve deeper ⁢into this issue, we ‌ have the pleasure of welcoming two distinguished⁢ guests:

* **Dr. Elena Ramirez:** Professor of Economics at the Autonomous University of Mexico, specializing in Fintech and international finance.

* ​**Mr. Miguel López:** Certified​ Financial Planner and investment advisor with over 15 years‍ of experience in traditional and alternative assets.

**Section 1: Understanding Bitcoin**

* **Dr. Ramirez, could you explain to our audience what Bitcoin is and ⁣how⁢ it differs from traditional currencies?**

* **Mr. López,‍ Bitcoin’s ‌value has been known to fluctuate dramatically. What are ⁢some of​ the factors that contribute to this volatility?**

**Section 2: Investing in Bitcoin: Risks and Rewards**

* **Dr. Ramirez, Mr. Salinas Pliego suggests moving away ‍from⁢ “paper” money. What are your thoughts on this statement, and what ⁣are some of the potential risks investors should consider before entering the Cryptocurrency market?**

* **Mr. López, for someone who is interested ⁢in diversifying their portfolio by including Bitcoin, what advice would you give them in terms of ⁤risk management and responsible investment strategies?**

**Section 3: The Future of Bitcoin and Cryptocurrency**

* **Dr. Ramirez, Bitcoin has gained increasing acceptance in certain ⁤sectors.⁢ What do you see as the long-term potential for Bitcoin and other cryptocurrencies in the global financial system?**

* **Mr. López, considering the current geopolitical and economic landscape, do you believe cryptocurrencies will gain further momentum ⁢or face significant challenges in the coming years?**

**Closing Remarks:**

* **Thank you both for sharing⁢ your⁤ valuable insights with our audience. To our ⁣viewers, remember that ‍investment decisions should be made ⁤after careful consideration and consultation with qualified financial advisors.**

This interview structure aims⁢ to:

* **Provide a balanced perspective by featuring experts with diverse ⁣viewpoints.**

* **Explain complex financial concepts in an accessible⁢ manner for a general audience.**

* **Encourage critical thinking ⁤and‍ thoughtful discussion about the evolving ⁤world of finance.**

This structure using open-ended questions allows for rich ‍dialog ‍and explores multiple facets of the topic, ultimately providing our audience with a more comprehensive understanding of Bitcoin and its potential role in the financial future.

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Business

Bitcoin: These are the new stars on the crypto market

by Chief editor of world-today-news.com
written by Chief editor of world-today-news.com

Every three months, the members of the DER AKTIONÄR Crypto TSI Index are examined for trend strength. Weak cryptos are replaced by stronger ones – these are the new stars on the crypto market.

It was a week ago when the crash in Japan’s leading index led to a significant price correction on the financial markets. Cryptocurrencies were unable to escape this, with Bitcoin losing more than ten percent at its peak. DER AKTIONÄR’s crypto strategy index was also affected by the turbulence.

When the index members were readjusted at the beginning of August, the following changes were made: Avalanche, Ethereum and Chiliz had to make way, and Ripple, Aave and Stellar were newly added to the index.

Ripple is an open-source payment network protocol being developed by Ripple Labs. At its core, Ripple uses a shared public database that contains a ledger of account balances. This ledger can also contain information about bids and offers of currencies and commodities, allowing it to function as a distributed marketplace. Participants in the network agree on changes to the ledger through a consensus process that occurs every two to five seconds to enable transactions without a central clearinghouse. Ripple differs from other cryptocurrencies in that it does not use a blockchain.

MarketScreener

Ghost is a decentralized finance (DeFi) protocol that allows users to lend and borrow cryptocurrencies without relying on traditional banks. It is built on the Ethereum blockchain and provides a platform where lenders can earn interest by depositing digital assets into liquidity pools. Borrowers can use this liquidity to take out loans, depositing their cryptocurrencies as collateral.

Bitcoin: These are the new stars on the crypto market

MarketScreener

Stellar is a cryptocurrency and payment protocol that aims to enable fast and low-cost transactions between different currencies. Unlike Ripple, which is heavily focused on banks and financial institutions, Stellar is geared towards supporting individuals and non-profit organizations.

Stellar

MarketScreener

Instead of betting on a single cryptocurrency, investors with the index certificate WKN A2URRU have the opportunity to participate in the development of the ten most trending cryptocurrencies at the same time. More information about the rule-based index can be found here.

The price of the financial instruments is derived from an index as the underlying value. Börsenmedien AG developed this index and holds the rights to it. Börsenmedien AG has concluded a cooperation agreement with the issuer of the securities shown, according to which it grants the issuer a license to use the index. Börsenmedien AG receives remuneration from the issuers in this regard.

Reference to conflicts of interest

The CEO and majority owner of the publisher Börsenmedien AG, Mr. Bernd Förtsch, has directly and indirectly taken positions in the following financial instruments mentioned in the publication or derivatives related to them, which can benefit from any price development resulting from the publication: Bitcoin.

Reference to conflicts of interest

The board member of the publisher Börsenmedien AG, Mr. Leon Müller, has directly and indirectly taken positions in the following financial instruments or derivatives related to them mentioned in the publication, which can benefit from any price development resulting from the publication: Bitcoin.

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Nexon’s Bitcoin Investment Surges as Cryptocurrency Exceeds 100 Million Won
Business

Nexon’s Bitcoin Investment Surges as Cryptocurrency Exceeds 100 Million Won

by Chief editor of world-today-news.com
written by Chief editor of world-today-news.com

[딜사이트 김가영 기자] Nexon is attracting attention as Bitcoin exceeds 100 million won. Nexon’s Japanese subsidiary, which previously purchased Bitcoin in 2021, suffered a loss of more than 70% as it experienced a recession in virtual assets over the past three years. Then, after three years, the market began to recover and entered the realm of profit, and it was revealed that tens of billions of won were earned in the past month alone.

As of the 13th, the global average price of Bitcoin is $72,500 (about 95.41 million won), and it is traded at a higher price of 124 billion won on domestic virtual asset exchanges. Over the past month, the price has risen sharply, exceeding 100 million won for the first time on the 11th, and breaking new highs every day.

With the price of Bitcoin rising like this, Nexon, which was purchased in 2021, is also estimated to have made a profit of more than 30 billion won. Nexon’s Japanese subsidiary purchased approximately $100 million worth of Bitcoin (approximately KRW 113 billion based on the exchange rate at the time) in April 2021. At that time, Nexon’s Japanese subsidiary purchased 1,717 bitcoins at an average price of $58,226 (about 65.97 million won at the time).

Converting the current value of the Bitcoin held by Nexon, it amounts to approximately $124.5 million (approximately 163.842 billion won). The market price has risen 24.5% compared to the time of purchase in 2021, earning about $24.5 million (approximately 32.242 billion won) in three years. However, the virtual asset market suffered a recession from the time of purchase until last year, resulting in losses of up to 73%. In particular, the price of Bitcoin began to decline in earnest in May, immediately after Nexon purchased it, and plummeted to $15,700 (about 20.66 million won) in 2022. Accordingly, the industry evaluated that Nexon purchased Bitcoin at its highest point. Then, from the beginning of this year, it began to rise, and at the end of last month, the Bitcoin price surpassed Nexon’s average, providing a profit of more than 24% in just two weeks.

Nexon’s Japanese subsidiary currently holds 1,717 bitcoins without selling or purchasing additional bitcoins. A Nexon official said, “Because we did not purchase Bitcoin for market profit, we have no plans to sell it just because the price has recently risen. Since we did not purchase additional Bitcoin, there is currently no change in the amount of Bitcoin held.”

Meanwhile, Nexon’s purchase of Bitcoin was a decision that stemmed from the late Nexon founder Kim Jeong-ju’s high interest in blockchain and virtual assets. Previously, NXC, Nexon’s holding company, acquired a 62% stake in the domestic virtual asset exchange Korbit for 93 billion won in 2017, becoming the largest shareholder, and acquired European virtual asset exchange Bitstamp in 2018 for about 200 billion won in 2021.

At the time of purchasing Bitcoin, Owen Mahoney, former CEO of Nexon Japan, said, “Our company’s purchase of Bitcoin is a strategy to increase shareholder value and maintain the value of cash assets.” He added, “In the current global economic environment, Bitcoin will maintain stability and liquidity in the long term. “We expect to maintain our cash value for future investments,” he said.

Reporter Gayoung Kim goingkim@dealsite.co.kr

ⓒLooking at the market with new eyes. Deal site unauthorized reproduction prohibited

2024-03-13 22:00:33
#Nexon #light #Bitcoin #generated #profit #years #Dealsite

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Latest Cryptocurrency News: Solana Developers, Bitcoin ETF, and More
Business

Latest Cryptocurrency News: Solana Developers, Bitcoin ETF, and More

by Chief editor of world-today-news.com
written by Chief editor of world-today-news.com

If you’re short on time and can’t manage to go through our articles one by one, try our evening roundup. Everything important that happened can be found here clearly in one place. Each heading can be clicked to go to the entire article.

Message of the day

Solana now boasts over 2,500 monthly active developers

According to a Solana Foundation report released on January 9, the number of monthly active developers on the Solana network ranged between 2,500 and 3,000. This number is considered a key indicator of a healthy ecosystem, as it indicates the ability to attract and retain new talent. Solana also saw its native token SOL rise significantly in price, up 500% between October and December. [1]

Also check out our events calendar so you don’t miss a cryptocurrency event.

Analyzes and markets

Analysis: Bitcoin Breaks $47,000 on Expected ETF Approval

Bitcoin started to rise again on Monday evening after a several-day hiatus, creating another higher peak and pushing the market past $47,000. We haven’t been at these prices since April 2022, so it didn’t even take two years to come back. Although I personally expected that we would be able to do it last year. But the market took a longer break during the summer, which brought with it an aggressive price acceleration.

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You can follow the current overview of all cryptocurrencies under the attached link HERE.

Cryptocurrencies and cryptocompanies

US spot Bitcoin ETF could be approved next week, applications updated in the last few minutes

Potential issuers of spot Bitcoin ETFs and the U.S. Securities and Exchange Commission on Friday discussed final changes to the wording of the firms’ filings. The move could lead to ETF approval in the US as early as next week. Sources familiar with the matter said so.

The wait for the ETF reaches its final stage – the price of Bitcoin has exceeded $47,000

The final decision regarding the possible approval of spot ETFs should be made literally in a few hours. There is optimism in the market and the price of Bitcoin is constantly increasing. Yesterday’s daily candle closed up almost 7%. The Bitcoin price rate has gained over $3,000.

The global number of bitcoin mats is falling, even though 2023 was a record year

Despite a record year for Bitcoin, the global number of bitcoin mats has declined. The United States, which held 82% of all cryptocurrencies, saw a significant drop in its numbers.

Bitcoin Traders Expect Breakout, Bulls Hold $45,000 During Bitcoin ETF Approval Countdown

The valuation of BTC is in for a major change in the coming days thanks to the decision on the spot Bitcoin ETF. At the same time, data on US inflation is expected.

The increase in the number of mentions of “buy the dip” underscores the bullish scenario for cryptocurrencies

When the price of Bitcoin recently dropped to almost $40,000, there were mentions on social media of „Buy the dip.” This suggests that traders followed their own rules.

CoinShares: 2023 Becomes Third Most Successful Year for Inflow of Cryptocurrency Investments

According to the latest report from CoinShares, 2023 has become the third biggest year for investment in cryptocurrencies, with the total value of investments in digital assets increasing by 129%.

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2024-01-09 19:00:00
#Souhrn #článků #Solana #boasts #monthly #active #developers

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