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Analysis of the impact of South Korea's suspension of Upbit on the market
Risk Warning:
Recently, the Financial Intelligence Analysis Unit (FIU) of South Korea issued a suspension notice to Upbit, the largest cryptocurrency trading platform in South Korea, mainly because Upbit violated the anti-money laundering obligations such as customer identification (KYC) in the (Specific Financial Transaction Information Act). According to the financial industry on January 16, the FIU issued a preliminary notice of sanctions to Upbit on the 9th of this month for violating relevant regulations, and the core content was suspension of business. If the punishment is finally determined, Upbit will be restricted from conducting new customer-related business during the suspension period (up to 6 months), but existing users' transactions can still proceed normally.
Recently, the Financial Intelligence Analysis Unit (FIU) of South Korea issued a suspension notice to Upbit, the largest cryptocurrency trading platform in South Korea, mainly because Upbit violated the anti-money laundering obligations such as customer identification (KYC) in the (Specific Financial Transaction Information Act). According to the financial industry on January 16, the FIU issued a preliminary notice of sanctions to Upbit on the 9th of this month for violating relevant regulations, and the core content was suspension of business. If the punishment is finally determined, Upbit will be restricted from conducting new customer-related business during the suspension period (up to 6 months), but existing users' transactions can still proceed normally.
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ListaDAO 2025 New Journey: One-Click Experience Berachain: In-depth Research and Prospects
<t-56/>#ListaDAO2025新征程一键体验Berachain
Research and Analysis
Overview of ListaDAO and Berachain
ListaDAO is a decentralized protocol based on the Binance Smart Chain (BSC), focusing on providing BNB liquid staking solutions and collateralized debt position (CDP) protocols. It allows users to stake assets (such as BNB) and receive stablecoins (such as lisUSD). Users can participate in mining rewards while engaging in other DeFi activities using their liquid staking tokens slisBNB and clisBNB. The platform also offers various reward mechanisms, including LISTA token emissions.
Berachain is an EVM-compatible Layer 1 blockchain built on the Cosmos SDK, protected by the Proof of Liquidity (PoL) consensus mechanism. The Berachain token economy introduces a tri-token system in the Bera network for the first time, which includes the network gas token BERA, the ecological algorithmic stablecoin HONEY, and the non-transferable Bera governance token BGT.
Research and Analysis
Overview of ListaDAO and Berachain
ListaDAO is a decentralized protocol based on the Binance Smart Chain (BSC), focusing on providing BNB liquid staking solutions and collateralized debt position (CDP) protocols. It allows users to stake assets (such as BNB) and receive stablecoins (such as lisUSD). Users can participate in mining rewards while engaging in other DeFi activities using their liquid staking tokens slisBNB and clisBNB. The platform also offers various reward mechanisms, including LISTA token emissions.
Berachain is an EVM-compatible Layer 1 blockchain built on the Cosmos SDK, protected by the Proof of Liquidity (PoL) consensus mechanism. The Berachain token economy introduces a tri-token system in the Bera network for the first time, which includes the network gas token BERA, the ecological algorithmic stablecoin HONEY, and the non-transferable Bera governance token BGT.
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U.S. PPI and Bitcoin: Exploring the Correlation Between Economic Indicators and the Cryptocurrency Market
The U.S. Producer Price Index (PPI) is an economic indicator that measures the average changes in the costs incurred by producers during the production process. Fluctuations in PPI data not only affect traditional financial markets but also have a significant impact on cryptocurrency markets such as Bitcoin. This article will explore the specific impact of U.S. PPI data on Bitcoin prices and the economic logic behind it.
Definition and Importance of U.S. PPI
The U.S. PPI (Producer Price Index) is an economic indicator that measures the average changes in selling prices received by domestic producers for their output over time. It reflects price change trends at the wholesale or producer level and is closely related to the Consumer Price Index (CPI). An increase in PPI typically signals rising production costs, which may be passed on to consumer prices, leading to inflation. Therefore, PPI is one of the important indicators for assessing economic health and inflation expectations.
Definition and Importance of U.S. PPI
The U.S. PPI (Producer Price Index) is an economic indicator that measures the average changes in selling prices received by domestic producers for their output over time. It reflects price change trends at the wholesale or producer level and is closely related to the Consumer Price Index (CPI). An increase in PPI typically signals rising production costs, which may be passed on to consumer prices, leading to inflation. Therefore, PPI is one of the important indicators for assessing economic health and inflation expectations.
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SEC Chairman Gary Gensler denies that Bitcoin and Ethereum are securities
According to The Block, SEC Chairman Gary Gensler stated in an interview with Yahoo Finance on January 10, 2024, that the SEC 'has never said' that Bitcoin and Ethereum are securities. This statement clarifies the market's misunderstanding of the SEC's regulatory stance on cryptocurrencies and brings new hope and uncertainty to the cryptocurrency market.
The SEC's regulatory position on cryptocurrencies
Gary Gensler's statement is not the first of its kind. In 2018, William Hinman, the head of the SEC's Division of Corporation Finance, stated at the Yahoo Finance Global Markets Summit in San Francisco that the SEC would not classify Ethereum and Bitcoin as securities. This position was supported by former SEC Chairman Jay Clayton, who had explicitly stated that Bitcoin is not a security.
The SEC's regulatory position on cryptocurrencies
Gary Gensler's statement is not the first of its kind. In 2018, William Hinman, the head of the SEC's Division of Corporation Finance, stated at the Yahoo Finance Global Markets Summit in San Francisco that the SEC would not classify Ethereum and Bitcoin as securities. This position was supported by former SEC Chairman Jay Clayton, who had explicitly stated that Bitcoin is not a security.
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The third phase of Binance Megadrop is live! SOLV airdrop awaits you! Both methods are available.
<t-61/><t-62/>#币安MegadropSOLV
Hello everyone! The third phase of the Binance Megadrop event is here! This time, the spotlight is on Solv Protocol (SOLV), a staking protocol focused on Bitcoin, dedicated to building a financial ecosystem centered around Bitcoin. There are two ways to earn points to participate in the SOLV airdrop; the higher the points, the more airdrop you can receive. Hurry up and take a look!
Method One: Complete BNB fixed-term staking
• The more BNB you have and the longer the staking period, the higher the points: You can choose different lock-up durations based on your BNB holdings; the longer the duration, the higher the corresponding points ratio. Specific point values can be referenced in Binance's announcements. For example, if you lock up BNB for 1 month, you might earn 10 points for every 1 BNB, while locking up for 3 months might earn 15 points for every 1 BNB, and so on. The longer the lock-up, the faster the points grow.
Hello everyone! The third phase of the Binance Megadrop event is here! This time, the spotlight is on Solv Protocol (SOLV), a staking protocol focused on Bitcoin, dedicated to building a financial ecosystem centered around Bitcoin. There are two ways to earn points to participate in the SOLV airdrop; the higher the points, the more airdrop you can receive. Hurry up and take a look!
Method One: Complete BNB fixed-term staking
• The more BNB you have and the longer the staking period, the higher the points: You can choose different lock-up durations based on your BNB holdings; the longer the duration, the higher the corresponding points ratio. Specific point values can be referenced in Binance's announcements. For example, if you lock up BNB for 1 month, you might earn 10 points for every 1 BNB, while locking up for 3 months might earn 15 points for every 1 BNB, and so on. The longer the lock-up, the faster the points grow.
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Hello everyone! Recently, I saw CryptoQuant's CEO Ki Young Ju say that this round of the Bitcoin bull market could become the longest in history, which is truly exciting! Just think about it, new liquidity is continuously flowing into the market, bringing unlimited vitality and possibilities to the entire cryptocurrency realm, like streams of clear water pouring into parched land, revitalizing the entire ecosystem. Moreover, more liquidity is building up, waiting for the right moment to be released, which inevitably fills people with expectations and dreams for the future market.
Speaking of the stage we are currently in, everyone may have different opinions. Some people might feel that after a period of rising, the market has entered the later stages of the bull market and may worry about adjustments or pullbacks that could occur next. However, there are also viewpoints that believe this rebound has just begun, and the market still has a lot of room for growth, especially since new liquidity is still flowing in, the market's enthusiasm and attention are continuing to heat up, and various positive factors are continuously fermenting, such as technological advances, application expansions, policy support, etc. All these may provide strong support and momentum for the market.
$BTC
So, what do you think? Do you believe we are in the later stages of the bull market cycle, or is this rebound just beginning? Feel free to share your thoughts and analysis in the comments section, let's discuss and communicate together, and witness the wonderful performance of this bull market! Regardless of how the market changes, stay cautious and rational, manage risks well, and I believe we can all reap our share of wealth and growth in this bull market! #BitcoinBullMarket #CryptocurrencyMarket#本轮牛市周期预期
Speaking of the stage we are currently in, everyone may have different opinions. Some people might feel that after a period of rising, the market has entered the later stages of the bull market and may worry about adjustments or pullbacks that could occur next. However, there are also viewpoints that believe this rebound has just begun, and the market still has a lot of room for growth, especially since new liquidity is still flowing in, the market's enthusiasm and attention are continuing to heat up, and various positive factors are continuously fermenting, such as technological advances, application expansions, policy support, etc. All these may provide strong support and momentum for the market.
$BTC
So, what do you think? Do you believe we are in the later stages of the bull market cycle, or is this rebound just beginning? Feel free to share your thoughts and analysis in the comments section, let's discuss and communicate together, and witness the wonderful performance of this bull market! Regardless of how the market changes, stay cautious and rational, manage risks well, and I believe we can all reap our share of wealth and growth in this bull market! #BitcoinBullMarket #CryptocurrencyMarket#本轮牛市周期预期
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#比特币走势观察 Market Key Period, Trump Takes Office & Institutions Crazy Buy BTC, Is It a Sign of Adjustment or a New Opportunity? 🔥
Hello everyone! Today I want to talk about the recent market situation, feeling that we are at a critical crossroads. First of all, Brother Trump is about to take office this month, and he has previously said he wants to make the United States a superpower in Bitcoin, which fills us with anticipation for Bitcoin's future. Additionally, institutional big shots are also continuously buying BTC, for example, MicroStrategy has added another 150,000 Bitcoins, making the market confidence ignited!
However, some people are worried that this is a sign of adjustment, after all, Bitcoin has risen too quickly, and there are many profit-taking positions. If there are any disturbances, the price may fluctuate. But I feel that the main driving force of the current market is still Trump's policy expectations and the continuous buying from institutional investors. Trump's policies may provide more development space for Bitcoin, while institutional participation injects a large amount of capital into the market, further solidifying Bitcoin's market position.
As for how Bitcoin will develop next, I personally feel there is still potential for upward movement. Of course, there may be fluctuations in the short term, but in the long run, Bitcoin's value and application prospects are worth looking forward to. If you have your own opinions and strategies, feel free to share and discuss in the comments section, let’s witness the changes in the market during this critical period together! #比特币 ##特朗普上任 ##机构买入BTC #BTC重返10万
Hello everyone! Today I want to talk about the recent market situation, feeling that we are at a critical crossroads. First of all, Brother Trump is about to take office this month, and he has previously said he wants to make the United States a superpower in Bitcoin, which fills us with anticipation for Bitcoin's future. Additionally, institutional big shots are also continuously buying BTC, for example, MicroStrategy has added another 150,000 Bitcoins, making the market confidence ignited!
However, some people are worried that this is a sign of adjustment, after all, Bitcoin has risen too quickly, and there are many profit-taking positions. If there are any disturbances, the price may fluctuate. But I feel that the main driving force of the current market is still Trump's policy expectations and the continuous buying from institutional investors. Trump's policies may provide more development space for Bitcoin, while institutional participation injects a large amount of capital into the market, further solidifying Bitcoin's market position.
As for how Bitcoin will develop next, I personally feel there is still potential for upward movement. Of course, there may be fluctuations in the short term, but in the long run, Bitcoin's value and application prospects are worth looking forward to. If you have your own opinions and strategies, feel free to share and discuss in the comments section, let’s witness the changes in the market during this critical period together! #比特币 ##特朗普上任 ##机构买入BTC #BTC重返10万
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Analysis of Subsequent Bitcoin Price Trends
<t-29/>#比特币走势观察
Since its inception in 2009, Bitcoin, as a decentralized digital currency, has always attracted market attention regarding its price movements. In 2024, Bitcoin experienced significant price volatility, slowly rising at the beginning of the year and sharply correcting by the end of the year. This process not only reflects the complexity of the market but also showcases the uniqueness of Bitcoin as an investment tool.
Review of Bitcoin price movements in 2024
In 2024, Bitcoin experienced a slow upward process at the beginning of the year, breaking through its historical high of $72,123 on March 11. Subsequently, Bitcoin's price set new highs multiple times throughout the year, especially on December 4 when it first surpassed the $100,000 mark. However, the end-of-year correction caused Bitcoin's price to drop to $92,812 at one point. This volatility reflects the market's sensitivity to various macroeconomic factors and policy changes.
Since its inception in 2009, Bitcoin, as a decentralized digital currency, has always attracted market attention regarding its price movements. In 2024, Bitcoin experienced significant price volatility, slowly rising at the beginning of the year and sharply correcting by the end of the year. This process not only reflects the complexity of the market but also showcases the uniqueness of Bitcoin as an investment tool.
Review of Bitcoin price movements in 2024
In 2024, Bitcoin experienced a slow upward process at the beginning of the year, breaking through its historical high of $72,123 on March 11. Subsequently, Bitcoin's price set new highs multiple times throughout the year, especially on December 4 when it first surpassed the $100,000 mark. However, the end-of-year correction caused Bitcoin's price to drop to $92,812 at one point. This volatility reflects the market's sensitivity to various macroeconomic factors and policy changes.
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The market enters a critical period: The dual impact of Trump's presidency and institutional buying of BTC
#比特币走势观察
At the beginning of 2025, the global financial market is entering a critical period. With Donald Trump set to take office as President of the United States this month and institutional investors continuing to buy Bitcoin (BTC), market sentiment is becoming increasingly complex. During this period, the volatility of the Bitcoin market has intensified, sparking widespread discussion and speculation: is this a precursor to adjustment, or the beginning of a new investment opportunity? This article will delve into the main driving forces of the current market and explore the future development trends of Bitcoin.
The main driving forces of the current market
Political factors: The impact of Trump's presidency
At the beginning of 2025, the global financial market is entering a critical period. With Donald Trump set to take office as President of the United States this month and institutional investors continuing to buy Bitcoin (BTC), market sentiment is becoming increasingly complex. During this period, the volatility of the Bitcoin market has intensified, sparking widespread discussion and speculation: is this a precursor to adjustment, or the beginning of a new investment opportunity? This article will delve into the main driving forces of the current market and explore the future development trends of Bitcoin.
The main driving forces of the current market
Political factors: The impact of Trump's presidency
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The Emperor is Awesome
Waking up early is one word:爽！
#solana $SOL
#solana $SOL
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2025 Bitcoin Price Predictions: Broad Optimism, Highest Expectation Reaches $250,000
#2025比特币价格预测
As 2025 approaches, multiple financial institutions and experts have made optimistic predictions about Bitcoin's future price. Markus Thielen, head of research at Matrixport, believes that sustained demand for ETFs, favorable macroeconomic trends, and increased global liquidity will drive Bitcoin to $160,000 in 2025. This prediction is supported by market trends and the development of financial products, reflecting a positive expectation for Bitcoin's future value.
Alex Thorn, head of research at Galaxy Digital, predicts that Bitcoin will break $150,000 in the first half of the year and reach $185,000 by the fourth quarter. He noted that the adoption by institutions, corporations, and countries will drive the price up, reflecting confidence in the growing adoption rate and market influence of Bitcoin.
As 2025 approaches, multiple financial institutions and experts have made optimistic predictions about Bitcoin's future price. Markus Thielen, head of research at Matrixport, believes that sustained demand for ETFs, favorable macroeconomic trends, and increased global liquidity will drive Bitcoin to $160,000 in 2025. This prediction is supported by market trends and the development of financial products, reflecting a positive expectation for Bitcoin's future value.
Alex Thorn, head of research at Galaxy Digital, predicts that Bitcoin will break $150,000 in the first half of the year and reach $185,000 by the fourth quarter. He noted that the adoption by institutions, corporations, and countries will drive the price up, reflecting confidence in the growing adoption rate and market influence of Bitcoin.
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Former German Finance Minister Lindner Calls for European Central Bank to Include Bitcoin in Reserves
In the wave of digital currencies, former German Finance Minister Christian Lindner made a compelling suggestion: the European Central Bank and the German central bank should consider including cryptocurrencies like Bitcoin in their reserve assets. Lindner believes that cryptocurrencies play an 'important' role in global prosperity and that now is an excellent time to accumulate such assets, which should not be missed.
Lindner particularly emphasized that the policies pursued by the Trump administration regarding cryptocurrency assets were extremely aggressive, and the Federal Reserve might be considering adding crypto assets to its official reserves alongside the dollar and gold. Although Lindner did not provide specific sources of information, his statement undoubtedly indicates recognition of the future potential of cryptocurrencies.
98532
Binance Square Official
--
Predict BTC Price & Win up to $300 USDC!
With the new year approaching, where do you think Bitcoin will go next?
Drop your prediction for this week's $BTC closing price in the comments of this post 👇
🎁The top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now!
*Campaign Period: 2024-12-30 07:00 to 2025-01-05 20:00 (UTC)
‼️Ensure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry.
Terms and Conditions:
This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-05 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at 2025-01-05 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of identical predictions, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 7 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.
Drop your prediction for this week's $BTC closing price in the comments of this post 👇
🎁The top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now!
*Campaign Period: 2024-12-30 07:00 to 2025-01-05 20:00 (UTC)
‼️Ensure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry.
Terms and Conditions:
This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-05 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at 2025-01-05 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of identical predictions, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 7 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.
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Key Focus for Weekend Market Trends
#加密市场调整
With the end of the Christmas holiday, market sentiment is expected to shift positively. Recent data shows that ETF funds have resumed net inflows, indicating a high probability that the market will usher in a one-sided bullish trend. Even if the market adjusts in January, a rebound trend is expected in the short term. This phenomenon resonates with the historical 'Santa Claus rally,' where the market often shows a seasonal upward trend during the last few trading days of the year and the first two trading days of the new year.
In the field of cryptocurrencies, Ethereum's performance is particularly strong. Despite declines in Bitcoin and the US stock market, Ethereum ETF funds are experiencing net inflows against the trend, demonstrating strong market confidence in Ethereum. Many large investors have started to position themselves for the Prague upgrade in March next year, adopting a buy-the-dip strategy. The current market correction provides a good opportunity for entering ETH and its ecosystem coins. In particular, AAVE is considered a good entry point in the $300-$320 range. Additionally, Pepe, as a new Ethereum meme star, is also worth paying attention to. It is recommended that investors hold for 2-3 months to anticipate market performance.
With the end of the Christmas holiday, market sentiment is expected to shift positively. Recent data shows that ETF funds have resumed net inflows, indicating a high probability that the market will usher in a one-sided bullish trend. Even if the market adjusts in January, a rebound trend is expected in the short term. This phenomenon resonates with the historical 'Santa Claus rally,' where the market often shows a seasonal upward trend during the last few trading days of the year and the first two trading days of the new year.
In the field of cryptocurrencies, Ethereum's performance is particularly strong. Despite declines in Bitcoin and the US stock market, Ethereum ETF funds are experiencing net inflows against the trend, demonstrating strong market confidence in Ethereum. Many large investors have started to position themselves for the Prague upgrade in March next year, adopting a buy-the-dip strategy. The current market correction provides a good opportunity for entering ETH and its ecosystem coins. In particular, AAVE is considered a good entry point in the $300-$320 range. Additionally, Pepe, as a new Ethereum meme star, is also worth paying attention to. It is recommended that investors hold for 2-3 months to anticipate market performance.
😅
Brothers, I feel that this is not as reliable as those gambling platforms. The handling fee is too high, and it is a bit unbearable. By the way, if I bet right in the previous post, everyone in the comment area will give a reward, 666u
Do what you say
Do what you say
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El Salvador's Bitcoin holdings exceed 6,000, with BlackRock leading in holdings
#BTC上攻11万？
According to the latest data from the Salvadoran Ministry of Finance as of December 29, 2024, El Salvador's Bitcoin holdings have increased to 6,000.77 coins, with a total value exceeding $569 million. In the past 7 days, El Salvador has added 19 Bitcoins, and in the past 30 days, it has added 53. Max Keiser, the senior Bitcoin advisor to President Nayib Bukele, revealed that the president has increased the daily Bitcoin purchase amount, with a medium-term goal of acquiring another 20,000 Bitcoins.
Globally, BlackRock's Bitcoin holdings have reached 552,555 coins, showing its importance attached to Bitcoin. BlackRock points out that Bitcoin is different from traditional assets, with the 'seven giants' of the US stock market making up about 1%-2% of investment portfolios, exceeding this range will significantly increase risk levels. In the long term, the risk of Bitcoin may decrease, and investors may use it as a tool to hedge specific risks, similar to gold.
According to the latest data from the Salvadoran Ministry of Finance as of December 29, 2024, El Salvador's Bitcoin holdings have increased to 6,000.77 coins, with a total value exceeding $569 million. In the past 7 days, El Salvador has added 19 Bitcoins, and in the past 30 days, it has added 53. Max Keiser, the senior Bitcoin advisor to President Nayib Bukele, revealed that the president has increased the daily Bitcoin purchase amount, with a medium-term goal of acquiring another 20,000 Bitcoins.
Globally, BlackRock's Bitcoin holdings have reached 552,555 coins, showing its importance attached to Bitcoin. BlackRock points out that Bitcoin is different from traditional assets, with the 'seven giants' of the US stock market making up about 1%-2% of investment portfolios, exceeding this range will significantly increase risk levels. In the long term, the risk of Bitcoin may decrease, and investors may use it as a tool to hedge specific risks, similar to gold.
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Dynamics of the Crypto ETF Market in the U.S. and Hong Kong
#加密ETF申请热潮涌现
In 2024, the cryptocurrency market is experiencing historic developments, especially in the ETF sector. Following the approval of Bitcoin and Ethereum ETFs, many institutions such as Canary Capital and VanEck began applying for ETFs for other cryptocurrencies like Solana, XRP, and Litecoin. The Hong Kong market is also not lagging behind, with financial giants like Harvest Fund, Southern Fund, and Huaxia Fund's Hong Kong subsidiaries applying to launch Bitcoin ETFs. In December, the monthly inflow for the ETH ETF surged to $2.1 billion, setting a new historical record and paving the way for future rebounds. Experts expect that $ETH
In 2024, the cryptocurrency market is experiencing historic developments, especially in the ETF sector. Following the approval of Bitcoin and Ethereum ETFs, many institutions such as Canary Capital and VanEck began applying for ETFs for other cryptocurrencies like Solana, XRP, and Litecoin. The Hong Kong market is also not lagging behind, with financial giants like Harvest Fund, Southern Fund, and Huaxia Fund's Hong Kong subsidiaries applying to launch Bitcoin ETFs. In December, the monthly inflow for the ETH ETF surged to $2.1 billion, setting a new historical record and paving the way for future rebounds. Experts expect that $ETH
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Significant Capital Inflow into Ethereum ETFs, Market Holds Optimistic Views on Cryptocurrency ETF Prospects
#加密ETF申请热潮涌现
Recently, the funding flow in the cryptocurrency market has shown a clear trend. Yesterday, Bitcoin ETFs experienced a capital outflow totaling $288 million, while Ethereum ETFs showed the opposite trend, with a net inflow of $47.77 million. As of December 28, 2024, Ethereum (
) is priced at approximately $3,338, with market predictions suggesting that the ETH price could reach around $4,500 by 2025 and approximately $8,800 by 2030.
The U.S. Securities and Exchange Commission (SEC) recently approved multiple Ethereum spot ETFs, including the 21Shares Core Ethereum ETF (ticker: CETH) and the Bitwise Ethereum ETF (ticker: ETHW), providing investors with new investment channels. However, investors should be aware that holding ETH through an ETF may not yield staking rewards and may incur management fees. Therefore, it is recommended that investors carefully consider the associated costs and benefits before investing.
Recently, the funding flow in the cryptocurrency market has shown a clear trend. Yesterday, Bitcoin ETFs experienced a capital outflow totaling $288 million, while Ethereum ETFs showed the opposite trend, with a net inflow of $47.77 million. As of December 28, 2024, Ethereum (
) is priced at approximately $3,338, with market predictions suggesting that the ETH price could reach around $4,500 by 2025 and approximately $8,800 by 2030.
The U.S. Securities and Exchange Commission (SEC) recently approved multiple Ethereum spot ETFs, including the 21Shares Core Ethereum ETF (ticker: CETH) and the Bitwise Ethereum ETF (ticker: ETHW), providing investors with new investment channels. However, investors should be aware that holding ETH through an ETF may not yield staking rewards and may incur management fees. Therefore, it is recommended that investors carefully consider the associated costs and benefits before investing.