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💰 Crypto liquidations break $700 million as Bitcoin falls to $95k Over the past 24 hours, the crypto market experienced heightened volatility, leading to liquidations totaling $712 million across 237,375 traders, according to Coinglass data. Long positions bore the brunt of the liquidations, accounting for 88.83% of the total, with $631.21 million cleared compared to $79.35 million in short positions. Bitcoin saw $130 million in liquidations, while Ethereum led with $150 million. Source 🔊 @Crypto_Nfts_Metaverse

📊 Bitcoin and Ethereum ETFs attract over $1 billion in combined daily inflows as BTC consolidates back above $100,000 U.S. spot Bitcoin and Ethereum exchange-traded funds attracted over $1.1 billion worth of combined inflows on Monday as bitcoin rose back above the $100,000 level for the first time since Dec. 19. BlackRock’s IBIT and Ark Invest’s ARKB also generated significant net inflows, adding $209.1 million and $152.9 million, respectively. Grayscale’s GBTC and BTC funds, Bitwise’s BITB, VanEck’s HODL and Franklin Templeton’s EZBC made up the remainder of the inflows. Source 🔊 @Crypto_Nfts_Metaverse

💰 Ethereum co-founder Vitalik Buterin is liquidating millions of dollars worth of memecoins to fund his Kanro charity Ethereum co-founder Vitalik Buterin is liquidating memecoins sent to his publicly known wallet, according to onchain data provided by Arkham Research. At press time, Buterin has sold off or swapped several dozen tokens — including popular cryptocurrencies like CULT, DOGE and SHIB alongside a number of lesser-known tokens referencing celebrities like Elon Musk — for approximately $2.5 million worth of USDC and ETH. Source 🔊 @Crypto_Nfts_Metaverse

💰 VanEck CEO recommends investors to double down on Bitcoin as hedge in 2025 Jan van Eck, CEO of VanEck, has recommended that investors maintain or increase their exposure to Bitcoin (BTC) and gold in 2025 in the firm’s 2025 outlook report. He argued that these assets are indispensable hedges against inflationary pressures, fiscal uncertainty, and global de-dollarization trends. Source 🔊 @Crypto_Nfts_Metaverse

💰 Spot Bitcoin ETFs break into top 20 in 2024, capturing 4.3% of total inflows Spot Bitcoin (BTC) exchange-traded funds (ETF) IBIT and FBTC are among the top 20 by flows in 2024, amassing $49 billion and representing 4.3% of total flows, as highlighted by Bloomberg ETF analyst Eric Balchunas. BlackRock’s IBIT registered the third-largest inflow last year, with over $37 billion in capital flowing to the US-traded Bitcoin ETF. Additionally, IBIT’s assets under management (AUM) total roughly $52 billion, besting other ETFs among the top 20. Source 🔊 @Crypto_Nfts_Metaverse

💰 US Bitcoin reserve idea could spark global race, Metaplanet CEO predicts Metaplanet CEO Simon Georvich predicts a worldwide rush for Bitcoin accumulation if the United States adopts a Bitcoin Strategic Reserve. In a Jan. 2 post on X, Gerovich stressed the potential chain reaction a US move to embrace Bitcoin could ignite. He suggested that adopting would trigger competitive behavior among countries where early movers benefit most while latecomers face higher costs. Source 🔊 @Crypto_Nfts_Metaverse

💰 CryptoQuant CEO questions if US will embrace Bitcoin amid dollar dominance concerns CryptoQuant CEO Ki Young Ju questioned whether the US would need to adopt a Bitcoin standard unless global confidence in the dollar significantly erodes. His remarks come as conversations intensify about Bitcoin’s (BTC) role in the US financial system, drawing parallels to past debates over the gold standard. Source 🔊 @Crypto_Nfts_Metaverse

🇰🇭 Cambodia Introduces Crypto Regulation Requiring Licensing for Digital Asset Activities The National Bank of Cambodia (NBC) has issued new regulations on crypto-related activities. The directive, dated Dec. 26, mandates that individuals or entities involved in crypto asset transactions, such as fund mobilization, trading, and settlements, must obtain a license from the relevant authorities. Engaging in these activities without authorization may result in penalties under Cambodia’s legal framework. Source 🔊 @Crypto_Nfts_Metaverse

💰 Strive Asset Management files for innovative bitcoin bond ETF aiming to disrupt traditional investing Strive Asset Management, founded by Vivek Ramaswamy, has filed a request with US regulators to launch a new exchange-traded fund (ETF) designed to provide exposure to “Bitcoin Bonds,” according to a Dec. 26 filing. The Strive Bitcoin Bond ETF will target convertible bonds issued by companies like MicroStrategy that have invested significant portions of their capital in Bitcoin (BTC). These companies utilize the proceeds of such bonds to purchase Bitcoin. Source 🔊 @Crypto_Nfts_Metaverse

💰 Japan holds back as Thailand charges ahead in Bitcoin adoption Two prominent Asian nations—Japan and Thailand—are taking distinctly different approaches to Bitcoin as the top crypto gains traction globally. Local media outlets from these countries have shown that Japan is adopting a reserved stance, while Thailand is exploring innovative use cases for Bitcoin. Source 🔊 @Crypto_Nfts_Metaverse

🇷🇺 Russia to limit mining in energy-strapped regions until 2031 Russia has introduced a regional ban on Bitcoin mining, set to begin on Jan. 1, 2025, and remain in effect until March 15, 2031, local Russian media outlet Tass reported on Dec. 24. According to the report, The decision affects ten regions, including Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, the Donetsk and Lugansk People’s Republics, as well as the Zaporizhia and Kherson regions. Source 🔊 @Crypto_Nfts_Metaverse

💰 Metaplanet adds another 619 BTC to its holdings Japanese Bitcoin-focused firm Metaplanet has significantly increased its crypto portfolio following its recent US market expansion. On Dec. 23, the company, listed on the Tokyo Stock Exchange and trading on the US OTCQX Market as MTPLF, said it acquired 619.70 BTC for 9.5 billion yen ($60.7 million). This purchase increases its total Bitcoin holdings to 1,761.98 BTC, currently valued at $169.2 million. Source 🔊 @Crypto_Nfts_Metaverse

💰 Bitcoin social sentiment drops to yearly low, signaling BTC breakout Social sentiment around Bitcoin has hit its lowest point in 2024, which could signal an incoming recovery above the $100,000 mark for the world’s largest cryptocurrency. Bitcoin's price is currently down over 10% from its all-time high of above $108,300 recorded on Dec. 17, trading above $97,150 as of 12:38 pm UTC, Cointelegraph data shows. Source 🔊 @Crypto_Nfts_Metaverse

🇺🇸 SEC Commissioner predicts early improvements for crypto ETFs under new leadership Crypto exchange-traded funds (ETF) changes, such as in-kind redemptions and staking permission for Ethereum (ETH) products, are likely to happen “early on” under a new US Securities and Exchange Commission (SEC) administration. SEC Commissioner Hester Peirce shared during an interview for Coinage that these matters may arrive for a regulator review as soon as Paul Atkins takes the role of chairperson. Source 🔊 @Crypto_Nfts_Metaverse

💰 Ark Invest CEO Cathie Wood predicts Bitcoin will top $1 million by decade’s end Ark Invest CEO Cathie Wood reiterated her bullish outlook on Bitcoin (BTC), predicting that it will soar past $1 million by the end of the decade. She made the prediction during a Bloomberg Markets interview, in which she attributed Bitcoin’s rising value to its finite supply of 21 million coins and growing institutional interest. She noted that BTC has already exceeded $108,000 in 2024 and will continue to grow in the coming years. Source 🔊 @Crypto_Nfts_Metaverse

💰 Bitcoin pullback mirrors 2020 reversal 250 days post-halving, it then rose 140% Bitcoin’s price appears to be pulling back approximately 250 days after the April 2024 halving, aligning with patterns observed following the May 2020 halving. Historical charts show a notable climb following the May 2020 event, which reversed briefly after about 250 days by around 30%. Following the retracement, Bitcoin increased by 140% over the next 290 days. The last cycle’s all-time high was 546 days after the halving. Source 🔊 @Crypto_Nfts_Metaverse

💰 El Salvador agrees to scale back Bitcoin policies for $1.4 billion IMF loan El Salvador has agreed to adjust its Bitcoin policies as part of a $1.4 billion loan arrangement with the International Monetary Fund (IMF), according to a Dec. 18 statement. The global financial regulator stated that it had reached a staff-level agreement with El Salvador on a 40-month Extended Fund Facility (EFF). The funds aim to support the country’s economic reforms. Source 🔊 @Crypto_Nfts_Metaverse

🪙 Bitwise predicts Ethereum revival in 2025 driven by institutional interest, RWA growth Ethereum (ETH) is poised for a resurgence in 2025 as it rides a wave of emerging trends to capitalize on a $100 trillion opportunity in tokenizing real-world assets (RWAs), according to a letter shared with investors by Bitwise’s senior investment strategist, Juan Leon. Source 🔊 @Crypto_Nfts_Metaverse

💰 New fair value Bitcoin accounting rules go live paving way for corporate reserve adoption The Financial Accounting Standards Board (FASB) has implemented its Fair Value accounting rule for crypto, effective Dec. 15, 2024. This update aims to address accounting and disclosure practices gaps for cryptocurrencies while enhancing transparency in financial reporting. Source 🔊 @Crypto_Nfts_Metaverse

💰 Japanese lawmaker urges consideration of Bitcoin reserve in light of US efforts Japanese lawmaker Satoshi Hamada has called on the government to explore the possibility of integrating Bitcoin (BTC) into its foreign exchange reserves, emphasizing its potential as a strategic asset amid growing global interest in crypto adoption. During a Dec. 11 parliamentary session, Yamada posed questions about Japan’s approach to crypto reserves. Source 🔊 @Crypto_Nfts_Metaverse