Jupiter Announces $580 Million Airdrop Criteria: Everything You Need to Know

Jupiter, a DEX Aggregator platform on Solana, has unveiled the criteria for its second airdrop scheduled for January 2025.

The allocation plan for this airdrop includes 700 million JUP, which is equivalent to $581 million at the current market price.

2.3 Million Wallets Eligible for Jupiter’s Second Airdrop

According to Jupiter, the 700 million JUP for this airdrop will be distributed across two groups.

Specifically, Jupiter will allocate 500 million JUP to Users and Stakers and the remaining 200 million JUP to Carrots and Good Cats:

Users: Individuals who perform transactions on the platform, such as swaps.Stakers: Those participating in staking.

Carrots: Users who continue holding their airdrop rewards, purchase/increase their JUP holdings, or are compensated after being mistakenly flagged as bots.

Good Cats: Contributors who make quality contributions to the community.

Additionally, Jupiter revealed that 2.32 million wallets out of a total of 10.65 million wallets are eligible, accounting for approximately 22%.

Among these, 2 million wallets meet the criteria of having a swap volume of around $1,000. In comparison, 320,000 wallets belong to Expert Traders who utilize advanced features like limit orders, perpetual swaps, DCA, and Ape Pro.

Jupiter also noted that these conditions are drafts. They are subject to possible changes.

Earlier this year, Jupiter conducted its first airdrop, which became one of the largest in Solana’s history.

The platform distributed 1 billion JUP to nearly 1 million wallets. Following the airdrop, the JUP price surged 300%, rising from $0.45 to an all-time high of $1.85.

However, JUP is currently trading at around $0.85, with no significant price changes since the second airdrop criteria were announced.

#Jupiter #Airdrop #CryptoNews #Blockchain #JupiterAirdrop

$JUP $BTC $ETH

What to Expect for Bitcoin, Ethereum and XRP in 2025? Here Are the Latest Predictions…

Bitcoin and altcoins recorded major increases in 2024, which started with Spot Bitcoin ETF approvals, also due to the influence of Donald Trump’s victory.

While we expect the rise to continue in 2025, prediction market investors are expecting new highs for Bitcoin (BTC) and Ethereum (ETH) in 2025.

Popular prediction platforms like Polymarket and Kalshi show that bets on Bitcoin and Ethereum reaching all-time highs next year are dominant.

According to the data, Kalshi prices a more than 60% probability that Bitcoin will reach at least $125,000 in 2025, while Ethereum will reach at least $5,000.

Polymarket sets the probability of BTC reaching $120,000 before the end of March as 50%.

Experts stated that this rise indicates that the US will approve ETFs for multiple altcoins and that there is the potential to establish strategic Bitcoin reserves.

Traders on Polymarket are also predicting that the US will approve XRP, Solana (SOL), and Litecoin (LTC) ETFs with 75%, 69%, and 51% probability of approval respectively by July 31.

The probability of Dogecoin (DOGE) ETF approval remains low at 22%.

Finally, Kalshi users predict that there is a 59% probability that US President-elect Donald Trump will create a national strategic Bitcoin reserve during his presidency, while Polymarket users indicate that there is only a 29% probability that Trump will launch a BTC reserve within his first 100 days in office.

#Bitcoin #Ethereum #XRP #CryptoPredictions #BitwiseBitcoinETF $BTC $XRP $ETH

Ethereum Whale Awakens After 9.4 Years With $6.5 Million in ETH  

An Ethereum pre-mine wallet from 2014 was reactivated after 9.4 years, holding $6.5 million in ETH.  

Whale Alert tracked significant Ethereum transfers, with one transaction totaling $164.9 million.  

BlackRock’s Ethereum ETF saw $44 million in inflows, surpassing Bitcoin ETF outflows of $188 million.

A dormant Ethereum wallet tied to the network’s 2014 initial coin offering (ICO) has resurfaced after nearly a decade.

Blockchain analytics platform Whale Alert revealed that the pre-mine address, inactive for 9.4 years, contained 1,940 ETH.

The wallet, originally credited during Ethereum’s Genesis block, has significantly appreciated, reflecting Ethereum’s remarkable growth since its launch. 

Unprecedented ROI on Genesis-Era ETH 
The reactivated wallet held Ether initially valued at $601 in 2014. Now, the same holdings are worth $6,567,522—a staggering increase of over 1,092,728%.

This reawakening highlights the immense profitability experienced by early Ethereum investors and underscores the long-term value of blockchain-based assets.

The Ethereum network has witnessed a surge in large-scale transactions this week.

Besides the pre-mine wallet, Whale Alert recorded multiple significant transfers, including 15,000 ETH (approximately $50.7 million) withdrawn from Binance and 47,534 ETH ($164.9 million) exchanged between unidentified wallets.

Such activities indicate ongoing high-volume interest among major players in the Ethereum ecosystem. 

Ethereum’s Recent Market Movements 
Despite these whale movements, Ethereum’s price has faced challenges recently. In the last two days, Ethereum fell by about 5% dipping to $3,320 from $3,495 before slightly recovering to $3,420.

#Ethereum #ETH #CryptoNews #EthereumWhale #GMTBurnVote $ETH $BNB

The Federal Reserve desperately tries to decode Trump pre-inauguration

Federal Reserve Chair Jerome Powell is tiptoeing through a minefield as Donald Trump barrels toward his second term as president.

The central bank is trying to maintain its image of neutrality while secretly bracing for the economic chaos Trump’s policies could unleash.

Powell claims the Fed won’t speculate on Trump’s plans, but insiders reportedly say a different game is being played behind the scenes.

After Trump’s November win, Powell went on the defensive, insisting the Fed wouldn’t adjust interest rates based on “guesswork” about future trade and immigration policies.

“We don’t guess, we don’t speculate, and we don’t assume,” Powell announced at a press conference. But as the dust settles, the Fed’s actions suggest otherwise.

Trump’s upcoming term is already affecting its inflation forecasts and interest-rate decisions.

Fed’s mixed signals
Last week, the Fed cut rates by another quarter point, making a full percentage point cut since September. Powell’s message was that the economy still needs some help.

But projections released alongside the cut show a more hawkish stance for the future.

Officials are now predicting only two rate cuts in 2025 and two more in 2026, down from earlier expectations of four cuts next year. The inflation numbers don’t help.

The Fed now expects inflation (excluding volatile food and energy prices) to dip to 2.5% in 2025, worse than the 2.2% forecast just months ago.

And here’s the thing: 15 out of 19 Fed officials now believe inflation could overshoot their forecasts. Back in September, only three saw that risk.

Behind closed doors, Fed officials are sweating over the potential for Trump’s trade and immigration policies to undo recent progress.

#FederalReserve #Trump #CryptoNews #GMTBurnVote #BitwiseBitcoinETF

$BTC $ETH $BNB

Russia is using Bitcoin for international payments

Russia’s Finance Minister Anton Siluanov has announced that Russian companies have started using Bitcoin and other cryptos for international trade.

“Such transactions are already occurring. We believe they should be expanded and developed further,” he told Russia 24 TV. He also made it clear that this is just the beginning, calling crypto payments “the future of international trade.”

From Bitcoin bans to full-blown adoption
Russia’s crypto history has been wild. In 2017, the government looked at blockchain tech like a curious kid with a new toy, but it quickly slammed the brakes, banning cryptos for payments. The official excuse? Concerns about financial stability and preventing shady activities.

Fast forward to 2020, and the rules softened, but not by much. Crypto was legalized, but their use for transactions remained off the table.

Now, 2024 has flipped the script. Russia’s lawmakers gave mining the green light, effective November 1, and legalized the use of crypto for cross-border payments. The timing isn’t random. With sanctions making traditional trade channels nearly impossible, crypto has become the lifeline.

Russia isn’t playing small ball here. In 2023 alone, the country mined 54,000 Bitcoins, pulling in 50 billion rubles (around $550 million) in tax revenue. With new laws in place, the potential for growth is massive.

President Vladimir Putin threw his weight behind them, criticizing the U.S. for using the dollar as a political weapon. “The U.S. undermines the dollar’s role as a global reserve currency,” he said earlier this month, calling Bitcoin a viable alternative. And for good measure, he added, “No one in the world can regulate Bitcoin.”

The country is now the second-largest Bitcoin mining hub in the world, right behind the United States. Why? Cheap electricity and freezing weather. Perfect conditions for running mining rigs 24/7.

#Russia #Bitcoin #BTC #CryptoNews #InternationalPayments $BTC $ETH $XRP

U.S. Spot Bitcoin ETFs Face $1.5B in Outflows, Largest Streak Since Trump Win

U.S. spot Bitcoin ETFs recorded $1.52 billion in outflows over four days.Digital asset investment products saw $308 million in net inflows last week.

The U.S. spot Bitcoin exchange-traded funds (ETFs) have recently experienced a sharp reversal in their flow patterns.

On December 24, these funds saw $338.4 million in net outflows, marking the fourth consecutive day of outflows, which have now reached $1.52 billion over the past four days.

This comes after strong inflows, where over $6.7 billion flowed into spot Bitcoin ETFs leading up to December 18.

BlackRock’s IBIT ETF, in particular, saw the largest outflow, with $188.7 million exiting the fund. Fidelity’s FBTC followed closely, losing $83 million, while ARK Invest’s ARKB saw $75 million leave.

Bitwise’s BITB was the only ETF to record positive movement, adding $8.5 million. The rest of the funds remained steady, with little change in their net inflows or outflows.

This ongoing streak of outflows is the longest since the aftermath of Donald Trump’s re-election, which had helped to spark a market rally.

Despite the recent negative flows, the total assets held by all spot Bitcoin ETFs still stand at $107.53 billion. This is thanks to strong price performance on the same day, with some funds even seeing daily gains of up to 6.48%.

Shifting Trends in Bitcoin and Ethereum ETFs
The outflow trend starkly contrasts the peak seen earlier this month when spot Bitcoin ETFs reached $121.7 billion in net assets on December 16. However, a record single-day outflow of $680 million on December 19 has contributed to the recent decline in total assets.

On the other hand, spot Ethereum ETFs saw a brighter day on December 23, with net inflows of $130.76 million. BlackRock’s ETHA led the charge with $89.5 million in daily inflows, while Fidelity’s FETH brought in $46.4 million. Even so, Grayscale’s ETH saw a minor outflow of $6.1 million.

#Bitcoin #BTC #ETFs #CryptoNews #SpotBitcoinETF $BTC $ETH $XRP

Will XRP Price Break All-Time Highs In 2025?

XRP price has recorded a slight decline today, following its massive rally over the past few months.

Notably, the crypto has crossed the brief $2 mark for the first time since 2018 recently, with recent market trends indicating a further rally ahead.

In addition, top experts also predicted the asset to hit a new ATH in 2025 amid the positive developments of Ripple and a pro-crypto sentiment in the US after Donald Trump’s election win.

Will XRP Price Hit ATH In 2025?
XRP price has recorded a robust rally this year hitting a multi-year high, indicating growing confidence of the investors. Besides, the recent whale activity and other positive market trends indicate that the XRP is poised to hit a new ATH as soon as next year.

Notably, the Ripple whales are on a buying spree, as evidenced by the recent activity of the large holders. Recently, prominent crypto market expert Ali Martinez said that whales have accumulated more than 60 million coins, reflecting the bullish sentiment hovering in the market.

Besides, Ripple’s recent launch of RLUSD stablecoin has also fueled market optimism. It marks a crucial milestone for the blockchain firm, with a flurry of exchanges like Bullish Exchange adding it to their platforms.

In addition, it also debuted in the Singapore market with the Independent Reserve (IR) exchange listing recently.

On the other hand, the anticipation over XRP ETF also soared recently, especially with Donald Trump’s election win.

A flurry of key players have already filed to launch the investment instrument in the US. Now, with US SEC Chair Gary Gensler’s resignation in January 2025, whom many deem as an anti-crypto regulator, optimism peaked toward a potential launch ahead.

In addition, Donald Trump’s focus on the crypto issued by US-based firms has also fueled speculations.

#XRP #CryptoNews #XRPPrice #Ripple #Blockchain $XRP $BTC $ETH

6 Bitcoin funds launch in Israel next week: report

The global adoption trend for Bitcoin-related investment products continues to strengthen, with Six new mutual funds set to debut in Israel.

According to a report by the Calcalist on Wednesday, Dec. 25, the Israel Securities Authority has given the green light for six mutual funds that will track the price of Bitcoin (BTC).

ISA’s approval of the funds last week paved the way for their debut on Dec. 31, the report stated.

Cacalist’s report reveals that ISA expects all six funds – from Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav and IBI – to go live at the same time.

The simultaneous launch is a condition the regulator outlined for the providers.

Per the report, the funds will charge management fees between 1.5% to 0.25%. Also notable is that one of the new funds is actively managed, with transacting initially set for once a day.

The imminent launch of BTC mutual funds in Israel is coming as the crypto industry welcomes greater participation from institutional investors.

United States, Europe, Hong Kong, and Australia all made huge strides in 2024, with Bitcoin and crypto exchange-traded products hitting the respective markets and causing massive adoption.

In January 2024, the U.S. Securities and Exchange Commission kicked off the uptrend with approval for multiple spot Bitcoin ETFs.

Since the ETFs have gobbled billions of dollars in BTC. SoSoValue data shows net assets in U.S. spot BTC ETFs hovered at $110 billion as of Dec. 24.

This equated to over 5.7% of the Bitcoin market capitalization at the time. Cumulative net inflows stood at $35.49 billion.

Israel’s nod to the funds follows rising demand across the local market. Various firms filed prospectuses for BTC products beginning in June, Calcalist quoted an official at an investment firm.

#Bitcoin #BTC #Israel #CryptoNews #BitcoinFunds $BTC $ETH $XRP

Is BlackRock Rebalancing? The Mystery Behind the $188M Bitcoin Exit.

BlackRock sells $1887 million worth of Bitcoin in a single day; it made the biggest one-day move in its Bitcoin portfolio, a massive blow to the digital currency market.

It seems to us that this type of maneuvering inevitably gives rise to questions about institutional behaviour, including fund rebalancing, profit-taking or macroeconomic signals.

Nonetheless, experiences like high volumes of trades reveal market efficiency that underlines the development of the cryptocurrency environments.

Notably, BlackRock, the world’s largest asset manager, has sold $188.7 million worth of Bitcoin in a single day.

This has made investors and analysts to wonder about the possible effects on other related markets including the cryptocurrency market.

This massive outflow has been attributed to several factors, though the reason has not been well understood; all the same, it shows how sensitive markets are and how some big institutions impact them.

The Outflow in Numbers and Market Implications

Based on the information received, BlackRock reduces the utilization of Spot Bitcoin ETF which is in stark difference with the constant increase observed earlier this year.

This might be as a result of changes in institutional plans or short term market fluctuations, seeing that the Bitcoin price is closely following the sell-off.

The $188.7 million liquidation is one which stands out clearly and has been an indication of the extent that institutions have invested in the crypto market.

It illustrates a phenomenon that has been recently increasingly perceived in the cryptocurrency market – the actions of institutional investors, such as BlackRock.

Their actions tend to cause chain reactions in trading platforms that avoid writing retail and institutional viewpoints.

#BlackRock #Bitcoin #BTC #CryptoNews #CryptoMarket $BTC $ETH $XRP