The Dec. 2024 report highlights key developments in market capitalization, Bitcoin’s rise, Ethereum’s growth, and the expanding role of AI in the cryptocurrency ecosystem. The report from Binance Research highlights important changes that occurred in the cryptocurrency sector in Dec.…
The Dec. 2024 report highlights key developments in market capitalization, Bitcoin’s rise, Ethereum’s growth, and the expanding role of AI in the cryptocurrency ecosystem. The report from Binance Research highlights important changes that occurred in the cryptocurrency sector in Dec. 2024. On Dec. 17, 2024, crypto market capitalization reached its highest point at $3.91 trillion, propelled by institutional adoption and regulatory confidence. You might also like: Institutional investors’ long-term outlook on crypto is confident, Binance Research shows Due to further acquisitions and MicroStrategy’s inclusion in the Nasdaq 100, Bitcoin ( BTC ) reached an all-time high of $108,000. The rise was further bolstered by speculation that the US might adopt BTC as a strategic reserve asset. A $500 billion drop in market value resulted from the Federal Reserve’s announcement later in the month to scale back its planned rate reductions for 2025 from four to two. With a 123.4% increase in market capitalization, BTC surpassed Saudi Aramco and silver to become the seventh-largest asset globally. Its expansion was aided by the BTC Halving, spot ETF approvals, and broader market recovery. Due to 10% staking yields and its addition as a collateral asset on Aave, Ethena’s USDe stablecoin, which is based on Ethereum ( ETH ), became the third-largest stablecoin with a market valuation of $5.9 billion. You might also like: Binance Research forecasts 2024 trends, themes in crypto Decentralized spot and perpetual trading volumes reached all-time highs of $326 billion and $356 billion, respectively. The total value locked in lending and liquid staking protocols rose to $55 billion and $71 billion, respectively. Solana’s ( SOL ) DeFi ecosystem faced challenges, including a $1.1 billion decline in TVL and a 7% drop in daily active addresses. In contrast, Sui’s TVL rose to $1.8 billion, driven by key protocols like Suilend and NAVI Protocol. With startups like Virtual Protocol and ai16z obtaining multi-billion-dollar valuations, AI agents gained traction. As AI and cryptocurrency become more integrated, these self-governing agents are being used for tasks like market analysis and trading. You might also like: Holdstation launches A(i)gentFi, the first AI agent hub on ZKsync In Dec. 2024, NFT trading volumes on ETH totaled $888.2 million. With the introduction of the PENGU token, Pudgy Penguins enjoyed tremendous growth, while sales of classic collections like CryptoPunks and Bored Ape Yacht Club declined. Reduced activity in respective NFT markets was also noted by other chains, such as SOL and BNB Chain. As the crypto ecosystem enters 2025, the report focuses on how changes in market dynamics, advancements in regulations, and advances in decentralized systems have altered it. You might also like: Binance Research: NFTs witnessed turnaround in November, reversing year long downward trend
The surge of Spot Bitcoin ETFs in the United States has caused a significant market imbalance, with demand outstripping miner production by a staggering ratio. In December 2024, a record-breaking
Spot Bitcoin ETFs in the United States hoovered up a whopping 51,500 BTC in December while only a fraction of that was produced.
Meta announced the inclusion of Donald Trump’s ally, Dana White, on its board of directors. The company believes White will play a critical role in shaping the future of AI. Meta has been making strategic adjustments by adding Republican-aligned advisors who are likely to be agreeable to the incoming administration. Meta announced on Monday that the president of Ultimate Fighting Championship (UFC), who is also a longtime friend of President-elect Donald Trump, has joined Meta’s board. White joins two other members: John Elkann, the CEO of Exor, and Charlie Songhurst, a tech investor who once headed Microsoft’s global corporate strategy. Zuckerberg praises White, but users see PR move While announcing the appointment through Facebook, Zuckerberg praised the president of the UFC for building the sports brand to be among the fastest and most popular sports enterprises globally. The Meta CEO further said he admires White as an entrepreneur and also how quickly he built his UFC brand. The UFC and his Meta counterpart are interested in a full-contact game, mixed martial arts. White believes in AI and has already inquired with Meta executives about using AI to change UFC rankings. While most quarters celebrate the appointment, some online users in X are not impressed. Greatest American Hero wrote on X. Let’s be real MAGA, Zuckerberg can never be accepted. Election interference. Suppression of truth and free speech. Think of how many true Americans were harmed by his decisions. HIS DECISIONS. That would be like the families of British girls forgiving the Pakistani Muslims… — GreatestAmericanHero (@mrralphhinkley) January 6, 2025 White stood with Trump in his 2016 campaigns and became integral to his 2024 journey to the presidency. He offered strategic advice to Trump’s campaigns and encouraged him to leverage social influencers to attract young men to vote for him. White also gave a blazing speech during the Republican National Convention. Meta’s political stand is manifesting in its recent appointments Meta’s move to include White on its board is among the many changes that aim to improve its political position during the incoming political administration. Earlier, Meta also announced that Joel Kaplan would succeed Nick Clegg as its chief global affairs officer. Clegg was the former UK deputy prime minister. He said that he would take some time to hand over leadership as he transformed to other endeavors. Clegg has been in charge of public policy efforts, and he has been vocal in defending Meta’s way of protecting elections and opening up for open-sourced AI models. Kaplan is now the senior Republican in Meta. He served in the White House for 8 years when George W. Bush was president and supported Trump’s Supreme Court pick, Brett M. Kavanaugh. Kaplan’s transition to head the department means Kevin Martin, a Republican-nominated chairperson of the Federal Communications Commission, will take his current position. Meta gave out $1 million to Trump’s inauguration committee, and Zuckerberg dined with the incoming president at Mar-a-Lago in November. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
COINOTAG News reports that Binance has officially declared the suspension of aelf (ELF) token deposits and withdrawals, effective January 15, 2025, at 17:00 (UTC+8). This measure is implemented to facilitate
Upcoming US economic events, like the December jobs report and Fed minutes, are set to influence crypto market trends. Key sentiment shifts ahead.
US-listed groups tap investors for cash as competition for resources intensifies
The crypto market is always buzzing with new developments, and Web3Bay, XRP, and Cardano are currently in the spotlight. Whether you’re a seasoned trader or just exploring crypto, these three projects are hard to ignore. Web3Bay is transforming online shopping with its decentralized marketplace, removing high fees and middlemen. Its presale success has drawn significant attention. On the other side, XRP is showing strong potential after a stellar 2024. With regulatory wins and high price forecasts, the community is eager for 2025. Meanwhile, Cardano is bouncing back, with analysts suggesting it’s primed for a new rally after recent price corrections. Discover why these are the best crypto projects to watch. Web3Bay: Redefining Decentralized E-Commerce Web3Bay is revolutionizing e-commerce with its transparent and decentralized marketplace. By cutting out middlemen it empowers both buyers and sellers to transact directly, reducing fees and ensuring users retain full control over their funds and data. Its unique payment system supports both cryptocurrencies and traditional methods like PayPal, making it accessible for crypto enthusiasts and regular shoppers. For merchants, especially in regions with limited banking access, Web3Bay offers a gateway to global markets without needing traditional financial institutions. Currently in presale stage 3 at $0.0039675, Web3Bay has raised over $420,000, selling more than 110 million 3BAY coins. With 28 stages and a 15% price hike per stage, it promises a potential ROI exceeding 6000%. This platform, with its secure smart contracts and low fees, is shaping the future of online shopping. XRP Price Trends Surge Predictions XRP ended 2024 on a high, surpassing $2 for the first time, achieving a 370% annual growth. Analysts predict 2025 could see it climb to $6.4, $13, or even $27, driven by favorable market momentum and regulatory clarity. The XRP community is optimistic, especially after the New York Department of Financial Services approved Ripple’s stablecoin RLUSD. This approval solidifies Ripple’s involvement in central bank digital currencies and enhances its payment solutions, setting XRP up for wider adoption. However, some experts remain cautious. Pro-crypto lawyer John Deaton, for instance, has stated he’s uncertain about XRP’s future price, saying, “I have no idea.” Regardless, the potential for growth remains strong. Cardano (ADA) Analysis: Signs of a 2025 Rebound Cardano (ADA) has seen sharp price swings, including a 40% drop following a 300% rally from November lows. Market analysts like Michaël van de Poppe suggest the correction phase may be nearing its end, paving the way for a fresh upward move. This recent pullback is viewed as a natural adjustment, signaling possible long-term bullish momentum. ADA’s breakout into a new trading range between $0.96 and $1.25 indicates upward potential, with price targets between $2.50 and $3.00, provided favorable conditions persist. While some are optimistic about ADA’s recovery in 2025, others urge caution. It’s a delicate balance of considering both promising projections and potential risks. Best Crypto Projects to Buy Now for 2025 As the crypto market gears up for an eventful year, Web3Bay, XRP, and Cardano stand out for their transformative potential. Web3Bay’s decentralized marketplace could reshape global e-commerce, XRP’s regulatory wins promise a brighter future, and Cardano’s price correction hints at a strong comeback. From global trade to secure payments and decentralized ecosystems, these projects offer unique opportunities. Timing and planning are critical—don’t miss the chance to ride crypto’s next big wave . Join Web3Bay Presale Now: Presale: https://web3bay.io/buy Website: https://web3bay.io/ Twitter: https://x.com/web3bayofficial Instagram: https://www.instagram.com/web3bayofficial/ The post 2025 Crypto Boom? Find Out Why Web3Bay, XRP, and Cardano Are the Best Bets Right Now! appeared first on TheCoinrise.com .
US prosecutors overseeing the criminal case against Do Kwon, co-founder of Terraform Labs, estimate that over one million individuals could have been affected by the ecosystem’s collapse. Acting US Attorney Daniel Gitner claimed the government would establish a website to help inform victims of their rights, calling other notification methods “impracticable.” The US government prefers to use a website to communicate with victims of the Terra case The US government approximates the number of victims affected by the Terra ecosystem collapse to be over 1 million. Acting US Attorney Daniel Gitner submitted a motion to the US District Court for the Southern District of New York on January 6 describing the procedures for notifying potential victims of Do Kwon’s public proceedings. The US attorney claimed the government would set up a website to inform victims of their rights, tagging other traditional methods “impracticable” due to the decentralized nature of cryptocurrency transactions, which often lack personal identifying information. Terra collapsed in May 2022, and Do Kwon is charged with nine fraud felonies In May 2022, Terra, once the third largest cryptocurrency after Bitcoin and Ether, crumbled, losing its $50 billion valuation in just 72 hours. When founder Do Kwon launched Terra, he claimed he wanted to build an ecosystem better than Bitcoin and Ethereum. He added that he needed a stablecoin to compete directly with fiat currencies. Sadly, his entire project lacked transparency. According to the US Department of Justice, Kwon misled investors by falsely claiming the company’s blockchain products and manipulated their markets to create the illusion of a functioning and decentralized financial system. Earlier this year, Kwon was extradited from Montenegro to the United States, where he now faces nine felony fraud charges. On January 2, he appeared before a US judge for the first time and pleaded not guilty. However, authorities have yet to clarify if they will pursue a plea agreement with the Terraform co-founder or whether they will proceed to a full criminal trial. Due to his fraud involvement, Kwon already had to pay a $4.5 billion settlement to the U.S. Securities and Exchange Commission in April 2024. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap