Here's a summary of the significant cryptocurrency news from last week:
Top 4 Bitcoin holders.
Coinbase holds 1034996 $BTC for its customers which includes custody for Blackrock and Microstrategy.
Binance holds 676883 $BTC for its customers.
Blackrock holds 552882 btc for its customers.
Microstrategy holds 439000 $BTC.
Bitcoin ETFs: There were massive outflows from Bitcoin ETFs, with one day recording outflows of nearly $671.9 million, indicating potential market corrections or investor reallocations.
Ripple's Stablecoin: Ripple launched a U.S. dollar-pegged stablecoin $RLUSD, which could impact the stablecoin market dynamics.
#FTX Repayments: FTX announced plans to begin repayments to its customers, signaling a step towards resolution after its collapse. Official date is January 3, 2025, with initial payments expected to be made within 60 days of this date.
Crypto Market Liquidations: The crypto market saw over $1.2 billion in liquidations within 24 hours after Jerome Powell of the Federal Reserve adopted a hawkish stance, affecting Bitcoin, Ethereum, Dogecoin, XRP, and Solana.
SEC Approval: The SEC approved Hashdex's #Nasdaq Bitcoin and Ethereum Crypto Index US ETF, potentially broadening investment avenues in cryptocurrencies through traditional financial instruments.
Richard Heart on Interpol's List: Richard Heart, associated with Hex and PulseChain, was added to Interpol's 'most wanted' list for tax evasion and assault charges, leading to a significant drop in HEX's value.
CoinDesk Editorial Changes: There was controversy surrounding CoinDesk after it removed an article about Justin Sun, leading to the dismissal of senior editors and raising questions about editorial independence.
MicroStrategy's Bitcoin Holdings: MicroStrategy continued its strategy of holding Bitcoin, purchasing an additional 21,550 BTC for $2.1 billion, signaling strong corporate faith in Bitcoin's long-term value.