Category: Cryptocurrency

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DUBAI, UAE, Jan. 10, 2025 /PRNewswire/ —  Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has released the latest crypto derivatives report, published weekly with Blocks Scholes. Noting BTC’s retreat from the $100k mark a week into the new year, the analysis showed on-risk assets including crypto bore the brunt of broader macro factors. Past week’s data indicates heightened uncertainty in market dynamics ahead of Trump’s anticipated Jan. 21 inauguration, highlighting shifting investor sentiment during this significant political transition.

Key Insights:

Perpetuals Took a Winter Break: The perpetual swap market experienced a notable decline in liquidity over the holidays, with trading volumes winding down throughout Dec. 2024, leading to decreased realized volatility across the market. Notably, open interest maintained stability compared to levels preceding the great expiration of options contracts in Dec. 2024, indicating conservative positioning and limited hedging activity in perpetual swap markets.

Wide Disparity Between 30-Day Implied Volatility and 7-Day Realized Volatility: ETH’s options markets signalled an unmistakable preference for call options. In contrast,  BTC’s open interest is rebalancing after the expiration in Dec. 2024. Both ETH and BTC have experienced notable changes in their term structures heading into the new year. The sharp divergence between implied and realized volatility is at its largest since the U.S. elections, suggesting that options traders are paying a premium to price in a higher level of risk or volatility despite the calm at the surface.

ETH Calls Gaining Traction 

There has been a reshuffling in ETH open interest. While put options still hold sway in terms of total volume, call contracts have seen an uptick after Dec. However, the optimism comes with a caveat—the decline in realized volatility in the year so far has given options traders pause. The volatility term structure has steepened further, with short-term volatility (measured at a 30-day tenor) still sitting more than 15 points above its realized counterpart. This gap is the widest since the pre-election period of 2024, when geopolitical uncertainty fueled volatility premiums. Today, however, the premium seems driven more by general speculation than by any specific event. Even as the market settles, investors remain cautious, signaling looming uncertainty.

Access the Full Report here.

#Bybit / #TheCryptoArk /#BybitResearch

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press

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Recent data reveals a significant exodus from cryptocurrency exchange-traded funds (ETFs), with $742 million in collective outflows from Bitcoin (BTC) and Ether (ETH) ETFs. This sudden shift highlights investor uncertainty in the volatile crypto market, raising concerns about the stability of these investment vehicles.

BlackRock, Valkyrie, and Grayscale Among Crypto ETFs Hit by $742M Reduction

On Wednesday, prominent U.S.-based crypto ETFs experienced massive outflows. Bitcoin ETFs saw a whopping $582.90 million withdrawn, while Ether ETFs faced $159.34 million in outflows. These figures represent one of the largest single-day reductions in recent history.

Fidelity’s Bitcoin ETF (NASDAQ:FBTC) led the decline, losing $258.69 million in a single day. Ark Invest’s Bitcoin ETF (NASDAQ:ARKB) followed closely with a $148.30 million reduction. BlackRock’s iShares Bitcoin Trust (NYSEARCA:IBIT) recorded $124.05 million in outflows, further contributing to the overall slump in crypto ETF holdings.

Other funds, including Valkyrie’s Bitcoin ETF (NASDAQ:BRRR) and Bitwise’s Bitcoin Strategy ETF (NYSEARCA:BITB), also saw notable outflows of $14.10 million and $11.26 million, respectively. Even Grayscale’s popular Bitcoin Trust (OTCMKTS:GBTC) wasn’t spared, losing $8.94 million in assets under management.

Ether ETFs Not Immune to Outflows

Ether ETFs weren’t exempt from the downturn. Fidelity’s Ether ETF (NASDAQ:FETH) accounted for the majority of the $159.34 million outflow, shedding $147.68 million. Grayscale’s Ether Trust (OTCMKTS:ETHE) followed with an $8.26 million reduction, while its ETH Mini Trust saw a $3.4 million decline.

Despite these outflows, Ether ETFs still collectively manage $11.74 billion in reserves, representing nearly 3% of Ether’s total market capitalization. However, the sharp reduction underscores growing apprehension among investors about the future performance of Ether in a challenging macroeconomic environment.

What Is Causing the Crypto ETF Outflows?

Several factors may have contributed to the massive crypto ETF outflows. First, regulatory uncertainty continues to cast a shadow over the crypto industry. Recent comments from the U.S. Securities and Exchange Commission (SEC) regarding the approval of spot Bitcoin ETFs have caused hesitation among institutional investors.

Second, macroeconomic pressures, including rising interest rates and geopolitical tensions, have dampened investor sentiment. As traditional asset classes like bonds and equities become more attractive, investors may be reallocating their portfolios away from riskier crypto assets.

Lastly, the overall performance of Bitcoin and Ether has been lackluster in recent months. Bitcoin’s price has struggled to maintain momentum above $35,000, while Ether has faced resistance at the $2,000 level. These price fluctuations may be prompting investors to take profits or cut losses by exiting their ETF positions.

Implications for the Crypto Market

The recent exodus from crypto ETFs raises questions about the future of digital assets as mainstream investment options. While ETFs provide a convenient way for investors to gain exposure to cryptocurrencies without directly owning the assets, their success hinges on market confidence.

The outflows from major funds like those managed by Fidelity, Ark Invest, and BlackRock indicate that institutional investors are becoming more cautious. This could impact the broader crypto market, potentially leading to further price declines if outflows continue.

However, some analysts believe that this pullback is temporary. They argue that the long-term growth prospects for Bitcoin and Ether remain intact, especially as more regulatory clarity emerges and blockchain adoption continues to rise.

The Road Ahead for Crypto ETFs

Despite the recent setback, the outlook for crypto ETFs isn’t entirely bleak. Many industry experts expect that regulatory approvals for spot Bitcoin ETFs could reignite investor interest. Additionally, advancements in blockchain technology and increasing use cases for cryptocurrencies may help stabilize the market.

In the short term, investors should brace for continued volatility in crypto ETFs. Monitoring key regulatory developments and macroeconomic trends will be crucial for understanding the future trajectory of these funds.

Conclusion: Crypto ETF Outflows Reflect Market Uncertainty

The $742 million outflow from crypto ETFs underscores the current uncertainty in the digital asset space. Major funds, including those from Fidelity, BlackRock, and Valkyrie, have seen significant reductions, raising concerns about investor confidence.

While this exodus highlights short-term risks, the long-term potential of crypto ETFs remains promising. As regulatory clarity improves and adoption grows, these funds could once again become attractive investment options for both retail and institutional investors.

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Donald Trump’s entry into the world of non-fungible tokens (NFTs) has made headlines once again. His latest venture, the Trump NFT Collection inscribed on Bitcoin Ordinals, has generated significant buzz in the digital asset space. With unique perks and exclusive access for early supporters, this new collection marks a noteworthy chapter in the intersection of politics, technology, and collectibles.

Trump NFT Collection Debuts on Bitcoin

The latest Trump NFT Collection is inscribed on Bitcoin Ordinals, a technology that enables unique digital artifacts to be permanently etched onto the Bitcoin blockchain. This marks a shift from previous collections, which were primarily minted on the Ethereum-based Polygon network.

The collection is exclusive, with only 119 digital trading cards available. These NFTs are accessible only to those who purchased at least 100 cards from Trump’s earlier “Mugshot Edition” release in January 2024. This exclusivity adds a layer of prestige to the collection, making it highly sought-after by collectors and Trump supporters alike.

High-Value Listings on Magic Eden

At the time of writing, 31% of the Trump NFT Collection has been claimed. The leading NFT marketplace, Magic Eden, features these digital assets with prices ranging from 0.177 BTC (approximately $16,500) to as high as 20 BTC (around $1.8 million). The claim period for these NFTs extends until January 31, 2025.

The high price tags reflect the rarity and exclusivity of the collection. Given the historical significance of Trump’s political career and his influence, these digital cards are seen as valuable memorabilia with both cultural and financial appeal.

A Look Back at Trump’s Previous NFT Collections

Since entering the NFT space in December 2022, Trump has launched five collections, each with varying levels of success and fanfare.

December 2022 Collection:

Trump’s first NFT set debuted in late 2022 and was a surprising hit. According to CryptoSlam, it attracted over 14,000 owners and generated more than $24 million in sales volume. The collection featured digital trading cards depicting Trump in various heroic and presidential personas.

January 2024 Mugshot Edition:

The 200-card “Mugshot Edition” launched at the start of 2024 on the Polygon network. It saw a decent response, with over 6,500 holders reported by CryptoSlam. This edition featured Trump in various stylized mugshots, tapping into a provocative theme that resonated with his supporters.

August 2024 America First Collection:

The third major release, titled the “America First” collection, came with added incentives. Buyers had the chance to receive physical perks like gold sneakers and limited-edition cards, as well as VIP experiences, including dinners with Trump himself. Despite the enticing offers, this collection did not perform as well as previous ones based on listings and secondary market activity.

Why Bitcoin Ordinals?

The decision to inscribe the latest Trump NFT Collection on Bitcoin Ordinals is significant. Unlike traditional NFTs on Ethereum or Polygon, Bitcoin Ordinals offer permanence on the world’s most secure and decentralized blockchain. This adds an element of immutability and scarcity that appeals to collectors seeking long-term value.

Trump’s foray into Bitcoin-based NFTs reflects a growing trend in the digital asset space. Bitcoin Ordinals have gained traction as a way to create unique, non-fungible assets on the Bitcoin network, offering an alternative to Ethereum-based NFTs.

Market Reaction and Future Prospects

The launch of Trump’s Bitcoin NFT Collection has sparked interest in both the crypto and political spheres. While some see these digital assets as a novelty, others view them as a savvy business move that capitalizes on Trump’s enduring popularity.

However, the NFT market has faced challenges in recent months, with declining sales volumes and increased scrutiny. It remains to be seen whether Trump’s latest collection will buck the trend and achieve long-term success.

What’s clear is that the Trump NFT Collection continues to evolve, adapting to new technologies and market trends. As the January 31, 2025, claim deadline approaches, the spotlight will remain on this unique intersection of politics, blockchain technology, and digital collectibles.

Final Thoughts on Trump NFT Collection

Donald Trump’s ventures into the NFT world demonstrate his ability to stay relevant and capitalize on emerging trends. The Trump NFT Collection on Bitcoin Ordinals is another example of how he leverages his brand and influence to tap into new markets.

For collectors and investors, these digital assets offer a blend of cultural significance and potential financial value. Whether the collection will appreciate over time remains uncertain, but its uniqueness and exclusivity make it a fascinating development in the NFT space.

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The winning design will win an exclusive virtual meet-and-greet with Pierre, a signed helmet, and unforgettable race day experience at their local GP

DUBAI, UAE, Jan. 8, 2025 /CNW/ — Binance, the world’s largest cryptocurrency exchange, has teamed up with BWT Alpine Formula One driver, Pierre Gasly, to give fans the chance to design his helmet for the season-opening Australian Grand Prix in March 2025. Building on the success of the 2023 Abu Dhabi Grand Prix initiative, which drew over 700 fan submissions, this year’s contest invites fans and Binance users to submit designs for a chance to win the ultimate fan prize, including a signed, full-sized replica helmet and exclusive experiences.

As part of Pierre and Binance‘s partnership, participants of the helmet contest are encouraged to submit designs that showcase originality and creativity, while reflecting Binance‘s values that resonate with its innovative ethos, fostering connections within the motorsport community and commemorating Gasly’s Australian GP race.

The winning design will be worn by Pierre Gasly throughout the Australian GP race weekend, making it an iconic part of the event. The winner will also have an exclusive virtual meet-and-greet with Pierre, receive a signed replica of the helmet, and enjoy an unforgettable race day experience at their local Grand Prix.

All entries must be submitted between January 8th (00:00 UTC) to January 20th, 2025 (00:00 UTC), and the winning helmet will be announced ahead of the Australian Grand Prix in early March.  All requirements can be found in the Terms & Conditions of the contest.

Recently, Pierre, who is a crypto native, has also partnered with Binance to debunk crypto myths in a four-episode series in which he approaches topics around security, crypto applications in real world and the benefits of Web3 in an entertaining and educational way. Further showcasing how Binance can bring  fans closer to their favorite sport, offering unique content and new ways to connect.

Pierre Gasly said: “Bringing together the spirit of the crypto and F1 community is truly electrifying and I’m honored to bring crypto education to fans through Binance. Our previous helmet contest for the 2023 Abu Dhabi Grand Prix was an incredible showcase of community-focused energy and creativity. I had the chance to meet the winner and I’m excited to see how fans channel their inspirations for the Australian Grand Prix – We have some exciting plans to reveal the winning design at the start of race week, so stay tuned!”

“Formula One fans are among the most passionate and engaged globally, and through innovation, we’re able to bring a new level of dynamism to fan engagement. With our partnership with Pierre and BWT Alpine Formula One, we are excited to continue bringing F1 fans closer to them through our efforts, including this latest helmet contest,” said Rachel Conlan, Binance Chief Marketing Officer.

“We’re excited to once again see the powerful connections between the worlds of crypto and F1 through this helmet contest. Pierre embodies the perfect blend of both worlds, and as he prepares for the season-opener in Australia, fans have the chance to be part of history at the start of the 2025 race season,” said Sarah Dale, Binance Global Head of Partnerships.

About Binance

Binance is a leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 250 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means. For more information, visit: https://www.binance.com.

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SOURCE Binance

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LAS VEGAS, Jan. 7, 2025 /PRNewswire/ — Canaan INC (NASDAQ: CAN), a leading blockchain hardware manufacturer, today announced the launch of the Avalon Mini 3 and Nano 3S in Las Vegas, CES. The two innovative Bitcoin mining devices are designed to democratize cryptocurrency mining for individuals and turning a home heating system into a crypto mining device.

Product Innovation

Canaan is redefining home cryptocurrency mining with two groundbreaking devices. The Avalon Mini 3, with a Hashrate of 37.5Th/s, offers a unique dual-purpose solution, combining efficient Bitcoin mining with home heating. The app-controlled operation and sleek, quiet design, provides a remarkably easy-to-use, energy-efficient solution for mining newcomers and enthusiasts.

The Avalon Nano 3S, which is upgraded from the widely-welcomed Avalon Nano 3, with a Hashrate of 6Th/s, complements this offering as an affordable, beginner-friendly Bitcoin mining device. Its compact and portable design alongside its low power consumption makes it ideal for individual users while supporting the broader goal of Bitcoin network decentralization.

Reimagining Technology Efficiency

The Avalon Mini 3 can simultaneously mine Bitcoin and warm living spaces, offering homeowners a unique way to offset energy costs and reduce environmental impact. This device gives users innovative access to heat recycling, turning the computational work of Bitcoin mining into a dual-purpose solution that provides both digital currency and home comfort.

“We are committed to making Bitcoin mining accessible to everyone,” said NG Zhang, CEO and founder of Canaan. “The Avalon Mini 3 and Avalon 3S represent our vision of user-friendly, practical mining solutions for the modern individual. We’re reimagining how technology can create value while minimizing environmental waste. The Avalon Mini 3’s ability to generate cryptocurrency while heating your home is a perfect example of our vision for sustainable, multi-purpose technology.”

Availability

Preorder Now at https://canaan.io/avalonhome

During the preorder period till the end of February 2025, the price for Avalon Nano 3S is USD249 and Avalon Mini 3 is USD899 while supplies last.

About Canaan Inc.

Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. In 2013, under the leadership of Mr. Nangeng Zhang, founder and CEO, Canaan’s founding team shipped to its customers the world’s first batch of mining machines incorporating ASIC technology in Bitcoin’s history under the brand name Avalon.

Website: canaan.io 
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As cryptocurrencies continue reshaping the financial world, savvy investors are already looking for the best digital assets to add to their portfolios in 2025. The crypto market has evolved beyond speculative investments, with an increasing focus on scalability, real-world applications, and strategic partnerships. Here’s a breakdown of the top crypto coins for 2025 that promise substantial growth potential: BlockDAG (BDAG), XRP (Ripple), Cardano (ADA), and Stellar (XLM).

BlockDAG (BDAG): The Scalability Game-Changer

Among the top crypto coins for 2025, BlockDAG stands out for its revolutionary approach to blockchain technology. Instead of relying on traditional blockchains, BlockDAG uses Directed Acyclic Graph (DAG) technology to process multiple transactions simultaneously, eliminating network congestion and improving scalability.

With BlockDAG currently priced at $0.0248 and raising over $176.5 million through its presale, the project has already delivered a 2380% ROI to early investors. Analysts predict that BDAG could see returns of up to 30,000x, making it a high-potential investment for 2025.

BlockDAG’s integration of WebAssembly (WASM) and Ethereum Virtual Machine (EVM) compatibility makes it highly developer-friendly, while its low-code, no-code tools lower the barrier for creating decentralized applications (dApps). The project’s unique technology and accessibility make it a standout among emerging cryptocurrencies.

XRP (Ripple): The Pioneer of Cross-Border Payments

Ripple (XRP) remains a powerhouse in the crypto world, particularly in the cross-border payments sector. XRP’s ability to provide fast, low-cost international transfers has made it a popular choice among financial institutions worldwide.

The recent launch of Ripple’s stablecoin, RLUSD, has further bolstered XRP’s use case, pushing its price to $2.40 with an 11% daily increase. Despite past legal challenges, Ripple continues to secure partnerships with banks and payment providers, ensuring its relevance in the global financial system.

With analysts predicting XRP could retest its all-time high of $3, Ripple is a solid investment for those seeking a coin with proven real-world utility and resilience in the face of regulatory challenges.

Cardano (ADA): A Smart Contract Contender

Cardano (ADA) is another top crypto coin for 2025, known for its innovative proof-of-stake (PoS) consensus model and smart contract functionality. Cardano’s eco-friendly PoS system has attracted investors looking for sustainable blockchain solutions, and its recent price rebound to over $1 signals renewed investor interest.

While Cardano has faced criticism for its slow-paced development, its methodical approach to scalability and security makes it a strong long-term investment. The platform’s Hydra scaling solution, expected to roll out fully in 2025, aims to dramatically increase transaction speeds and lower costs, making Cardano more competitive in the DeFi space.

For investors focused on sustainability and steady growth, ADA remains a top pick in the crypto space.

Stellar (XLM): Bridging Traditional and Decentralized Finance

Stellar (XLM) continues to gain traction as a bridge between traditional finance and blockchain technology. The platform’s focus on cross-border transactions has made it popular among both financial institutions and retail users.

Recent partnerships with major banks and fintech companies have driven XLM’s price up by 25%, with analysts predicting further growth to $0.60 or even $0.70 in the coming months. Stellar’s focus on financial inclusion and low-cost transfers aligns with its mission to make financial services accessible to everyone, especially in underbanked regions.

For investors looking for a project with strong real-world applications, Stellar is a promising choice for 2025.

Why BlockDAG Leads the Pack

While XRP, Cardano, and Stellar are well-established projects with proven track records, BlockDAG sets itself apart with its cutting-edge technology and explosive growth potential. Its DAG architecture offers unmatched scalability, making it ideal for sectors like DeFi, gaming, and NFTs.

Moreover, BlockDAG’s no-code development tools make it accessible to a broader audience, encouraging innovation and adoption. As a result, BlockDAG is positioned as a top contender for those seeking both short-term gains and long-term utility.

Final Thoughts

As we move into 2025, the crypto market is set to continue evolving with new technologies, regulatory clarity, and increased adoption. The top crypto coins for 2025 — BlockDAG, XRP, Cardano, and Stellar — offer diverse opportunities for investors, catering to various strategies and risk appetites.

Whether you prioritize scalability, sustainability, or cross-border payments, these digital assets are poised for substantial growth in the coming year. By understanding the unique value propositions of each project, investors can make informed decisions and position their portfolios for long-term success in the ever-changing world of cryptocurrencies.

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The year 2024 marked a pivotal point in the evolution of digital assets, with crypto trends reshaping the global financial landscape. While Bitcoin’s price surge and the so-called “Trump bump” garnered headlines, the real story of crypto in 2024 goes far deeper. It was the year crypto matured into a mainstream financial tool, thanks to ETFs, regulatory clarity, and a growing emphasis on practical use cases. Let’s explore the most significant crypto trends of 2024 and their implications for the future.

ETFs Redefined Crypto Accessibility

One of the most transformative crypto trends in 2024 was the introduction of Bitcoin exchange-traded funds (ETFs). These financial products bridged the gap between traditional finance (TradFi) and decentralized finance (DeFi), making digital assets more accessible to institutional and retail investors alike.

According to Bloomberg, Bitcoin ETFs saw record-breaking inflows of $3.1 billion during a single week in November, pushing total assets under management to over $107 billion. These ETFs have removed technical barriers for investors, allowing them to access Bitcoin without needing specialized wallets or technical knowledge.

The launch of ETFs fundamentally changed Bitcoin’s investor profile. Previously dominated by crypto enthusiasts and early adopters, Bitcoin now attracts large institutional investors, hedge funds, and conservative retail investors. As ETFs gain popularity, digital assets are becoming more ingrained in mainstream financial portfolios.

Regulatory Clarity Was a Turning Point

Another major crypto trend in 2024 was the long-awaited regulatory clarity, especially in the United States. The departure of former SEC Chair Gary Gensler, who was often seen as anti-crypto, and the rise of a pro-crypto administration led by President Donald Trump created a more welcoming environment for the industry.

This shift has had immediate effects. Crypto companies that previously avoided the U.S. market due to regulatory uncertainty are now returning. For example, major exchanges like Binance and Coinbase (NASDAQ:COIN) have expressed renewed interest in expanding their operations in the country.

In Europe, the Markets in Crypto-Assets (MiCA) regulation set a new standard for consumer protection and market integrity. The framework will fully take effect in 2025 and is expected to inspire similar regulatory approaches worldwide. This newfound regulatory clarity reduces the risks associated with crypto investments and enhances the industry’s legitimacy.

Crypto as a Hedge in a Volatile World

To understand the crypto trends of 2024, it’s essential to consider the broader macroeconomic context. Inflation, rising interest rates, and geopolitical tensions have created an environment where traditional fiat currencies are losing value.

In response, investors have increasingly turned to Bitcoin as a hedge against inflation. Bitcoin’s fixed supply and decentralized nature make it an attractive option for those seeking to protect their wealth from currency devaluation.

The geopolitical landscape also played a role. Rising tensions in regions like Eastern Europe and the Middle East have highlighted the need for a borderless, apolitical financial system. Bitcoin’s status as “digital gold” has been solidified, with many investors seeing it as a safe haven asset during uncertain times.

The Rise of “NewFi”

Looking ahead, one of the most promising crypto trends for 2025 is the emergence of “NewFi” — a fusion of traditional finance and decentralized finance.

Unlike DeFi’s early days, which focused on speculative trading and yield farming, NewFi emphasizes practical, real-world applications. This includes tokenized assets, on-chain identity solutions, and financial services that integrate seamlessly with existing banking systems.

One example of NewFi in action is the use of blockchain technology to tokenize real estate assets, making property investment more accessible and liquid. Another growing area is the integration of artificial intelligence (AI) with DeFi platforms to enhance security, detect fraud, and optimize trading strategies.

AI and Crypto: The Next Frontier

Another significant crypto trend is the integration of artificial intelligence into the crypto space. AI is being used to enhance trading platforms, improve security measures, and develop new financial products.

For instance, companies like Tesla (NASDAQ:TSLA) are exploring ways to use AI-powered trading bots to manage their crypto holdings more efficiently. Additionally, blockchain-based AI tools are helping users identify potential security threats, reducing the risk of scams and hacks.

AI is also playing a crucial role in the development of decentralized autonomous organizations (DAOs), which are self-governing entities that operate on blockchain networks. By combining AI and blockchain, DAOs can make more informed decisions and improve their efficiency.

The Road Ahead for Crypto

While the explosive growth of 2024 may not repeat in 2025, the foundation has been laid for long-term success. Crypto trends indicate that digital assets will continue to integrate into the global financial system, with increased adoption by institutions and governments.

As the crypto landscape evolves, NewFi will become more prevalent, bridging the gap between traditional and decentralized finance. This hybrid approach will create a more inclusive financial ecosystem, benefiting both seasoned investors and newcomers.

Ultimately, the crypto trends of 2024 highlight an industry that has matured and gained legitimacy. The future of digital assets looks promising, driven by innovation, regulatory clarity, and macroeconomic shifts that have made crypto an essential part of the global financial landscape.

Final Thoughts

The year 2024 was a turning point for the crypto industry, marked by ETFs, regulatory breakthroughs, and the rise of NewFi. These crypto trends have laid the groundwork for a more integrated and stable future, positioning digital assets as a vital component of the global economy.

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Backpack EU to offer crypto derivatives throughout the European Union including perpetual futures where no regulated products currently exist

HANOVER, Germany, Jan. 7, 2025 /PRNewswire/ — Backpack Exchange, a fully regulated global cryptocurrency exchange, today announced the successful acquisition of FTX EU, the MiFID II-licensed former European arm of FTX. Approved by the FTX bankruptcy court and the Cyprus Securities and Exchange Commission (CySEC), this acquisition marks a major milestone in Backpack’s global expansion and commitment to delivering secure, regulated trading solutions across Europe.

With the acquisition, Backpack’s new EU arm will offer a full suite of crypto derivatives throughout the European Union including perpetual futures, a market where no regulated crypto derivatives currently exist, as unregulated offshore exchanges have been forced to wind down their unlicensed European operations.

Armani Ferrante, CEO of Backpack Exchange, commented: “As many international exchanges exit the European Union, becoming a MiFID II-licensed entity demonstrates our dedication to meeting the highest regulatory standards and is a significant step to bringing transparent, secure, and regulated crypto trading to an underserved European market.”

As part of the acquisition, Backpack EU will undertake responsibility for distributing the previously court-approved FTX bankruptcy claims to FTX EU customers.

Mr. Ferrante further noted, “Customer restitution is a crucial step to rebuild trust and confidence in the industry, and Backpack is committed to returning FTX EU customers’ funds as fast and as safely as possible.”

In addition to compliant product offerings, Backpack EU will provide seamless integration with traditional payment rails including instant, low-cost Single Euro Payments Area (SEPA)  payments and wire transfers in major currencies across the region.

The re-activation of the license is underway, with plans for Backpack EU to go live in Q1 of 2025. Further information as to how new users may sign up for Backpack EU and how FTX EU customers will be able to access their assets will be announced as it becomes available. For more information, visit https://eu.backpack.exchange/claim.

About Backpack Exchange

Backpack Exchange is a fully regulated global cryptocurrency exchange building an innovative, easy-to-use and compliant trading platform for both experienced and new web3 users worldwide. Backpack currently serves users from over 150 countries and regions with more than $60 billion in trading volume. 

The Backpack ecosystem comprises several products and services, including the popular Backpack Wallet (noncustodial), Backpack Exchange, and Mad Lads, the top NFT community in the Solana ecosystem.

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Bitcoin’s price has surged past the $100,000 mark once again, marking a significant milestone in the ongoing Bitcoin rally. With renewed investor optimism, U.S. regulatory reforms under President-elect Donald Trump, and the continued influx of funds into Bitcoin exchange-traded funds (ETFs), many believe the crypto market’s momentum will carry into 2025. However, questions remain about the sustainability of this bull run.

Bitcoin Surpasses $100,000 Amid Renewed Risk Appetite

On Monday, Bitcoin (BTCUSD) climbed 4.1%, reaching $102,504. This marks its highest weekly gain since November 2024, according to Bloomberg data.

The Bitcoin rally experienced a brief slowdown in December 2024 as investors took profits following a record-breaking run. However, optimism has returned with expectations that a pro-crypto White House will create favorable conditions for digital assets in the U.S.

Khushboo Khullar, venture partner at Lightning Ventures, highlighted the potential for a “super cycle” in 2025, driven by regulatory reforms under the Trump administration.

ETF Inflows and Premium Metrics Signal Strong Demand

One of the key drivers of the recent Bitcoin rally is the surge in inflows into U.S.-based Bitcoin ETFs. Investors poured $908 million into Bitcoin ETFs last Friday, marking the fifth-largest inflow since their launch in January 2024. This followed a record net outflow of $680 million on December 19.

Another bullish signal for Bitcoin is the recovery of the Bitcoin Coinbase Premium. This metric, which tracks the difference between Bitcoin prices on Coinbase Global Inc. (NASDAQ:COIN) and Binance Holdings Ltd., indicates stronger demand from U.S. investors.

Joe McCann, CEO of Miami-based crypto hedge fund Asymmetric, explained that ETF issuers primarily trade and custody their assets with Coinbase, influencing the premium based on demand.

MicroStrategy’s Continued Bitcoin Purchases Boost Market Sentiment

MicroStrategy Inc. (NASDAQ:MSTR), a software company that has become a Bitcoin proxy, remains a significant player in the ongoing Bitcoin rally. The company recently purchased an additional $101 million worth of Bitcoin, marking its ninth consecutive week of acquisitions.

While this is a sizable investment, it represents a decline from the over $1 billion in Bitcoin purchases made by MicroStrategy in November and December 2024.

The company’s Bitcoin-focused strategy has been a key factor in driving institutional adoption of the cryptocurrency. Led by Executive Chairman Michael Saylor, MicroStrategy’s Bitcoin holdings have consistently grown, with the company now holding over 160,000 BTC.

Regulatory Optimism Underpins Bitcoin’s Prospects in 2025

A major factor contributing to the current Bitcoin rally is the anticipation of favorable regulatory policies from the incoming Trump administration. President-elect Trump has made several pro-crypto pledges, including the creation of a national Bitcoin reserve.

This regulatory optimism has fueled hopes that the U.S. will lead the charge in adopting Bitcoin-friendly policies, encouraging both institutional and retail investors to increase their holdings.

However, the sustainability of this rally will depend on whether these pledges materialize.

Market Caution: Could Bitcoin Face a Correction in 2025?

Despite the bullish sentiment, some analysts are cautious about the longevity of the Bitcoin rally. In a recent MLIV Pulse survey, 39% of respondents identified Bitcoin as the winning investment of 2024 most likely to turn into a loser in 2025.

This skepticism is rooted in the volatility of the crypto market. While Bitcoin has demonstrated resilience and growth, it remains susceptible to sudden downturns due to regulatory shifts, economic instability, or unexpected market events.

What’s Next for Bitcoin in 2025?

The future of the Bitcoin rally will largely hinge on several key factors:

U.S. Regulatory Policies: The extent to which the Trump administration delivers on its crypto promises will play a crucial role in shaping Bitcoin’s performance.

Institutional Adoption: Continued investment from institutional players like MicroStrategy (NASDAQ:MSTR) and Coinbase (NASDAQ:COIN) will drive demand and influence market sentiment.

Global Economic Conditions: Macroeconomic trends, including inflation and interest rate changes, will impact investor behavior and the broader crypto market.

While Bitcoin’s rise past $100,000 marks a significant milestone, the coming months will reveal whether this is a sustainable bull run or a temporary surge. Investors should stay vigilant, keeping an eye on regulatory developments and market signals to navigate the unpredictable crypto landscape in 2025.

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