Novinky

According to Odaily, the National Bank of Ethiopia is considering the release of guidelines for cryptocurrencies. Although the legal status of cryptocurrencies in Ethiopia remains unconfirmed, the bank is closely monitoring global developments. This could indicate a potential shift in Ethiopia's stance on digital currencies.

According to Odaily, Elon Musk recently commented on social media platform X, criticizing the Federal Reserve for being 'extremely overstaffed.' His remarks came in response to discussions triggered by a post about the Federal Reserve's latest policy decisions. Previously, U.S. President-elect Donald Trump also targeted the Federal Reserve, expressing his belief that he should have a say in monetary policy and interest rate settings. Musk, a billionaire, is set to focus on improving the efficiency of the U.S. government starting January next year, with the Federal Reserve now reportedly in his sights.

Asset management firm VanEck has proposed that the United States could significantly reduce its national debt by creating a Bitcoin reserve. The analysis estimates that if Bitcoin grows at a 25% compounded annual growth rate (CAGR) to reach $42.3 million per coin by 2049, the reserve could offset 35% of the national debt, approximately $42 trillion.Key Details of the Proposal:Bitcoin Reserve Projection:The U.S. would need to accumulate 1 million BTC as part of a national Bitcoin reserve.Bitcoin, currently trading at $95,928, would need to more than double to $200,000 by 2025 for VanEck’s optimistic scenario to take effect.Debt Reduction Impact:U.S. national debt is projected to grow at a 5% CAGR, rising from $37 trillion in 2025 to $119.3 trillion by 2049.A Bitcoin reserve could offset approximately 35% of this debt.Bitcoin’s Market Role:By 2049, Bitcoin at $42.3 million would represent 18% of the world’s financial assets, up from its current 0.22% share of the $900 trillion global market.Funding the Bitcoin Reserve:Under Senator Cynthia Lummis' proposed bill, the U.S. could repurpose the 198,100 BTC already held from asset seizures.Additional BTC could be acquired through:Selling a portion of the U.S.’s $455 billion gold reserves.Emergency Support Functions without money printing or taxpayer funding.Supporting Factors:State and Institutional Adoption:Growing Bitcoin adoption at U.S. state, institutional, and corporate levels would strengthen VanEck’s CAGR estimates.Global Trade and BRICS Influence:VanEck predicts Bitcoin could become widely used as a settlement currency for global trade, especially among nations aiming to bypass increasing USD sanctions.Political Developments:President-elect Donald Trump’s administration has floated the idea of a Bitcoin reserve, fueling a rally that pushed Bitcoin prices into six figures.Strike CEO Jack Mallers speculated that Trump might issue an executive order on his first day in office to designate Bitcoin as a reserve asset.VanEck’s proposal underscores Bitcoin's potential as a transformative asset for national debt management and global financial markets. However, its success hinges on significant price appreciation and widespread adoption at state and international levels. As the Lummis bill awaits review, Bitcoin’s role in reshaping U.S. fiscal policy remains speculative but increasingly discussed, according to Cointelegraph.

MicroStrategy founder and Bitcoin advocate Michael Saylor has pitched a Digital Assets Framework for the United States, emphasizing the potential of a strategic Bitcoin reserve to bolster the U.S. dollar, offset the national debt, and position the country as a global leader in the digital economy.Key Highlights of the Framework:Bitcoin Reserve Proposal:Saylor suggests establishing a strategic Bitcoin reserve capable of generating $16 to $81 trillion in wealth for the U.S. Treasury.He claims this reserve could "neutralize the national debt" while cementing the U.S. dollar’s position as the dominant global currency.Digital Asset Taxonomy:The framework classifies assets into six categories:Digital commodities (e.g., Bitcoin)Digital securitiesDigital currenciesDigital tokensNon-fungible tokens (NFTs)Asset-backed tokensIt establishes roles and responsibilities for issuers, exchanges, and owners while advocating a "no fraud" standard: no lying, cheating, or stealing.Cost-Effective Compliance:Proposes compliance costs capped at 1% of assets under management for issuance and 0.1% annually for maintenance.Focuses on minimizing friction by streamlining regulatory processes and encouraging industry-led compliance.Economic Goals:Expand global digital capital markets from $2 trillion to $280 trillion, with U.S. investors capturing a significant share of wealth.Enable rapid asset issuance to reduce costs from millions to thousands, increasing market accessibility from 4,000 public companies to 40 million businesses.Innovation and Growth:Aims to catalyze a capital markets renaissance, unleashing trillions of dollars in value creation while positioning the U.S. dollar as the global reserve digital currency.Industry Reaction:Saylor's proposal has garnered mixed reactions. While proponents see it as a visionary roadmap for digital asset integration, critics like Peter Schiff dismissed it as impractical, arguing it would harm the dollar, exacerbate the national debt, and tarnish the U.S.'s reputation.MicroStrategy's Bitcoin Strategy:Under Saylor’s leadership, MicroStrategy has accumulated over 439,000 BTC, worth more than $41 billion, with an aggregate portfolio profit of 54%. Despite his success, a similar pitch to Microsoft shareholders to adopt Bitcoin was rejected.Saylor’s framework envisions a transformative role for Bitcoin and digital assets in revitalizing the U.S. economy. Whether this ambitious plan gains traction remains to be seen, but it underscores the growing importance of digital assets in shaping global financial strategies.

Japanese investment firm Metaplanet has made its largest Bitcoin purchase to date, acquiring 619.7 BTC for nearly $60 million as Bitcoin trades below $100,000. This marks a significant step in the firm's aggressive Bitcoin accumulation strategy, earning it the nickname “Asia’s MicroStrategy.”Key Highlights:Largest-Ever BTC Purchase:Metaplanet’s latest purchase quadruples its previous record of 159.7 BTC on Oct. 28.Total Bitcoin holdings now stand at 1,762 BTC, valued at approximately $168 million with an average acquisition price of $75,600 per BTC.Performance Metrics:From Oct. 1 to Dec. 23, the firm reported a 310% BTC Yield, significantly outperforming the 41.7% yield from Q3.BTC Yield measures the firm’s Bitcoin acquisition performance, aimed at enhancing shareholder value.Expanded Bitcoin Strategy:Metaplanet plans to incorporate “Bitcoin accumulation and management” as a formal business line.This will include leveraging loans, equity, convertible bonds, and other financial tools to acquire and hold Bitcoin.The firm also raised $62 million (9.5 billion yen) through a stock acquisition program to fund additional Bitcoin purchases.Stock Market Impact:Metaplanet’s stock surged 5% on the Tokyo Stock Exchange following the announcement but remains down 13% over the past week.Shares have risen 2,100% year-to-date, hitting an all-time high of 4,080 yen ($26) on Dec. 17.Metaplanet’s Position Among Corporate Bitcoin Holders:With its latest acquisition, Metaplanet ranks as the 12th-largest corporate Bitcoin holder, trailing medical tech company Semler Scientific. The firm’s adoption of Bitcoin has propelled its stock price to historic highs and positions it as a major player in Asia’s crypto market, according to Cointelegrah.

On Dec 23, 2024, 12:04 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 96,000 USDT benchmark and is now trading at 96,000 USDT, with a narrowed narrowed 1.17% decrease in 24 hours.

Compass Mining has announced the addition of a 25-megawatt Bitcoin mining facility in Texas, according Odaily. The facility, set to be operational by the end of 2024, will initially run at 5 MW capacity, with plans for rapid expansion.Key Details:Capacity Expansion Timeline:Initial capacity: 5 MW operational by the end of 2024.Expansion to 25 MW by January 2025.Further expansion to 60 MW by Q3 2025.Equipment Deployment:The facility will house relocated mining rigs from existing sites and new equipment.New customers purchasing mining machines via Compass Mining's platform will have the option to deploy them at the "Texas 6" site starting January 2025.

Santiment has observed a shift in cryptocurrency market sentiment, noting on the X platform that most investors have turned bearish over the past two weeks. The correction in market capitalization, particularly among altcoins, has led to waning interest in meme coins, while Bitcoin is regaining investor attention.  Investor sentiment has transitioned from bullish to bearish, reflecting growing caution across the crypto market. As altcoins face a broader correction, the hype surrounding meme cryptocurrencies is subsiding. Interest in Bitcoin is rising, as investors gravitate toward the perceived stability and long-term value of the leading cryptocurrency. Santiment suggests that this period of "crowd FUD" (fear, uncertainty, and doubt) is a healthy part of the market cycle. Patient traders may find opportunities to profit during the current market downturn.

According to TechFlow, Morgan Stanley Chief Investment Officer Mike Wilson has flagged concerning trends in the U.S. stock market as market breadth hit a record low in December. This coincided with the 10-year U.S. Treasury yield surpassing 4.5%, suggesting that the Federal Reserve may struggle to deliver the loose monetary policies expected by investors.Key Insights:Market Breadth at Historic Low:Wilson highlighted a disconnect between declining market breadth and rising stock prices, likening the situation to 1999.This divergence is largely attributed to abundant liquidity, which has concentrated gains in a few high-performing stocks.Liquidity Tightening Ahead:The Federal Reserve’s shrinking reverse repurchase agreements from a peak of $2.5 trillion may signal reduced liquidity in early 2024.While minor interest rate cuts could occur, tightening liquidity may pressure the broader market.Focus on High-Quality Stocks:Wilson cautioned against investing in profitless growth stocks and low-quality cyclical stocks, which are vulnerable to market corrections.Investors are advised to prioritize stocks with strong fundamentals, as market trends show extreme concentration and limited mean reversion.The "quality" factor, emphasizing profitable and stable companies, should guide stock selection strategies. 

According to Trader T monitoring, the U.S. stock crypto sector exhibited mixed movements before the market opened today, reflecting varied sentiment across the industry. Here are the notable pre-market changes:MicroStrategy (MSTR): -1.6%iShares Bitcoin Trust (IBIT): -0.3%Coinbase Global (COIN): -0.6%Riot Platforms (RIOT): +0.4%CleanSpark (CLSK): Not reported (N/A)MARA Holdings (MARA): +0.4%

Digital asset investment products experienced mixed dynamics last week, with US$308 million in total inflows offset by significant outflows during the final two days. The week included the largest single-day outflow of US$576 million on December 19, culminating in US$1 billion outflows for the last two days of the week.Key Highlights:Bitcoin Leads Net Inflows Despite VolatilityBitcoin saw net inflows of US$375 million for the week, despite intra-week outflows.Short-Bitcoin products remained largely inactive.Ethereum and Solana DivergeEthereum recorded US$51 million in inflows, maintaining investor confidence.Solana faced US$8.7 million in outflows, reflecting shifting preferences.Multi-Asset Products See Largest OutflowsMulti-asset investment products suffered the most with US$121 million in outflows, indicating reduced appetite for diversified crypto baskets.Selective Altcoin InvestmentsAltcoins like XRP (US$8.8 million), Horizen (US$4.8 million), and Polkadot (US$1.9 million) continued to attract inflows, highlighting a more targeted investment strategy among market participants.Total Assets Under Management (AuM)Recent price corrections led to a US$17.7 billion reduction in AuM for digital asset ETPs, attributed to the hawkish tone of the Federal Open Market Committee (FOMC) dot plot.Despite the alarming outflows, the 0.37% decline in AuM ranks as the 13th largest single-day outflow in history, far below the mid-2022 record of 2.3% AuM outflows.Market Sentiment:The data suggests a shift toward more cautious and selective investment strategies, with Bitcoin and Ethereum maintaining dominance. Meanwhile, macroeconomic pressures, such as the FOMC's hawkish stance, continue to influence fund flows and broader market sentiment.As investors navigate heightened volatility, the focus remains on balancing risk and opportunity in the evolving digital asset landscape.

According to Odaily, Telegram founder Pavel Durov announced on his personal Telegram channel that the number of Telegram Premium subscribers has doubled this year, exceeding 12 million. Additionally, advertising revenue has increased significantly. In 2024, Telegram's total revenue surpassed $1 billion, with cash reserves exceeding $500 million by the end of the year, excluding cryptocurrency assets. Over the past four years, Telegram has issued approximately $2 billion in debt.

Binance has shared important updates regarding the circulating supply data displayed on its platform, responding to community feedback for greater transparency and accuracy.Key Updates:Current Methodology:Binance currently uses CoinMarketCap (CMC) data for circulating supply, which excludes allocations to insiders. This methodology ensures that the data reflects publicly tradable assets.Introduction of New Metrics:Binance will integrate two new metrics introduced by CMC:Unlocked Market Capitalization (UMC): Reflects the total value of all unlocked tokens, including those held by insiders.Unlocked Circulating Supply (UCS): Provides a more comprehensive view of the token supply, including insider allocations.Implementation Timeline:Binance is working to incorporate these metrics into its token info section on the app and website. Users are encouraged to stay updated through future announcements.

Bitcoin (BTC) begins Christmas week at a critical juncture, with analysts warning of potential sharp declines as support levels falter. BTC/USD has dipped further below the $100,000 psychological level, sparking bearish sentiment in the market.Here are five key factors influencing Bitcoin’s price this week:1. Bearish Engulfing Weekly PatternBitcoin closed the previous week with a "bearish engulfing" candlestick pattern, signaling potential downside ahead. Analyst Rekt Capital highlighted that BTC/USD has lost its weekly support, breaking a five-week uptrend.“Bitcoin is transitioning into a multi-week correction,” Rekt Capital cautioned, suggesting old support levels could turn into new resistance zones. Some traders predict a dip to previous all-time highs around $74,000, which aligns with historical pullbacks during bull markets.2. Holiday Liquidity ChallengesWith reduced market activity during the holidays, Bitcoin faces heightened volatility risks. Analyst Mark Cullen noted significant liquidity at $115,000 on the upside and sub-$80,000 on the downside. “Which level gets hit first?” Cullen speculated, warning of potential festive swings.3. Macro and Fed ImpactLast week’s hawkish tone from the Federal Reserve, despite a 25 basis-point rate cut, has left risk assets, including Bitcoin, on edge. The Fed’s reduced rate-cut outlook for 2025 and a $4.1 trillion decline in global money supply since October pose further liquidity challenges.“If the relationship holds, Bitcoin could see a $20,000 drop over the next few weeks,” warned The Kobeissi Letter, citing historical correlations between global money supply and BTC price action.4. Opportunities for Long-Term InvestorsDespite the bearish sentiment, CryptoQuant’s Smart DCA tool suggests Bitcoin is trading in a favorable range for dollar-cost averaging (DCA). At $95,000, BTC/USD is below its short-term realized price, signaling potential buying opportunities for long-term holders.“This is a prudent approach to mitigate volatility risks,” CryptoQuant contributor Darkfost noted, highlighting the potential for strategic accumulation at current levels.5. Sentiment at Year’s Lowest PointBitcoin sentiment has plummeted amid market turbulence, with Santiment reporting the “highest FUD spiral of the year” on social media. For every four positive comments, there were five negative ones, indicating widespread fear.Interestingly, historical data shows such extreme negativity often precedes bullish rebounds. “Markets tend to move opposite to retail expectations,” Santiment remarked.Meanwhile, the Crypto Fear & Greed Index remains in "greed" territory, reflecting traders’ mixed emotions. The index last peaked at 94/100 in November, a level typically associated with market reversals.Outlook for BitcoinAs Bitcoin trades in the mid-$90,000 range, it faces mounting pressure from technical, macroeconomic, and sentiment-driven factors. While long-term investors may find this an opportune moment for accumulation, short-term volatility could test key support levels, potentially pushing BTC to $80,000 or lower before finding stability.All eyes remain on market liquidity and macroeconomic developments as the year-end approaches, according to Cointelegraph.

According to Foresight News, the decentralized derivatives protocol dYdX community has voted to allocate $4 million from the treasury subDAO assets to support its ecosystem development plan.

According to Odaily, MicroStrategy Inc. (MSTR) has officially been included in the Nasdaq 100 Index. This development was announced by Bitcoin Magazine on the X platform, marking a significant milestone for the company.

Binance announced Bio Protocol (BIO) as the 63rd project on Binance Launchpool. BIO is a curation and liquidity protocol for Decentralized Science (DeSci). Users can farm BIO tokens by locking BNB and FDUSD starting from 2024-12-24 00:00 (UTC).Key Details:Launchpool Token Farming:Farming Period: 2024-12-24 00:00 (UTC) to 2025-01-02 23:59 (UTC)Token Rewards: 99,600,000 BIO (3% of total genesis token supply)Supported Pools:Lock BNB: 84,660,000 BIO rewards (85% of total rewards)Lock FDUSD: 14,940,000 BIO rewards (15% of total rewards)Daily Reward Distribution:Total: 9,960,000 BIOBNB Pool: 8,466,000 BIOFDUSD Pool: 1,494,000 BIOToken Listing:Listing Date: 2025-01-03 10:00 (UTC)Trading Pairs: BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRYInitial Circulating Supply: 1,296,529,168 BIO (39.05% of total genesis supply)Token Information:Token Name: Bio Protocol (BIO)Max Supply: 3,320,000,000 BIO (subject to governance changes)Network: EthereumContract Address: 0xcb1592591996765Ec0eFc1f92599A19767ee5ffAFarming Participation:Complete Binance KYC to participate.Hourly Hard Cap per User:BNB Pool: 35,275 BIOFDUSD Pool: 6,225 BIOImportant Notes:Webpages for BNB and FDUSD pools, as well as a detailed BIO research report, will be available approximately 12 hours after this announcement.Beware of false advertising regarding BIO token availability before Binance’s official listing on 2025-01-03.

Binance Alpha has officially announced the fifth batch of project tokens, adding another wave of innovative projects to its expanding ecosystem. The latest additions include:ZEREBROCOOKIEWHALESORDER 

Binance Futures announced the launch of the HIVEUSDT Perpetual Contract, offering traders the opportunity to leverage their positions up to 75x. Key Details:Contract Launch Time: 2024-12-23 at 11:30 (UTC)Leverage: Up to 75xSettlement Asset: USDTTrading Hours: 24/7Highlights:The introduction of the HIVEUSDT Perpetual Contract aligns with Binance’s commitment to diversifying its offerings and catering to advanced traders.High leverage provides an opportunity for traders to amplify their positions but also comes with increased risk. Traders are advised to employ robust risk management strategies.How to Get Started:Log in to your Binance account and navigate to the Futures trading section.Select the HIVEUSDT Perpetual Contract from the list of available trading pairs.Adjust your leverage preference up to 75x and commence trading.Important Notes:High-leverage trading carries significant risks. Please ensure you understand the implications and trade responsibly.The availability of the HIVEUSDT Perpetual Contract may vary depending on your region.

According to CoinMarketCap data, the global crypto market cap is $3.32T, a 0.90% decrease over the last day.Bitcoin (BTC) has been trading between $93,700 and $97,352 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $95,920, down by 0.86%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include FXS, QKC, and XVG, up by 29%, 20%, and 17%, respectively.Top stories of the day:Re-Staking Protocols Reach New Heights in the Cryptocurrency SectorMicroStrategy Joins Nasdaq 100 IndexDollar Rises as Market Bets on Cautious Fed Rate CutsSaylor Proposes U.S. Crypto Framework with $81 Trillion Bitcoin Reserve PlanU.S. Crypto Sector Stocks Show Mixed Performance in Pre-Market TradingDigital Asset Fund Flows Weekly Report: US$1 Billion Outflows Amid Hawkish FOMCBo Hines Appointed As Executive Director Of Digital Assets Advisory BoardPhoenix Group Plans Nasdaq Dual Listing to Expand Global ReachECB Official Prefers Gradual Rate AdjustmentsMajor Token Unlocks: ADA, ENA, and Others Set for ReleaseMarket movers:ETH: $3333.5 (-0.97%)XRP: $2.2049 (-2.14%)BNB: $671.03 (+0.95%)SOL: $185 (+0.03%)DOGE: $0.31636 (-0.60%)ADA: $0.9006 (-0.63%)TRX: $0.2497 (+0.89%)AVAX: $37.1 (-2.32%)LINK: $23.04 (+2.95%)TON: $5.464 (+1.86%)