Headline
▌Adam Back: MicroStrategy may have increased its BTC holdings.
Blockstream founder Adam Back stated on the X platform: 'I believe MicroStrategy has completed its Bitcoin purchases, but must announce it to the market via an 8-K filing before or after normal trading hours on the stock market.'
Previously, MicroStrategy founder Michael Saylor released Bitcoin Tracker-related information for the ninth consecutive week.
▌Analysis: Aave and MakerDAO performed well in 2024, with DeFi protocol revenues returning to 2021 highs driven by new platforms.
Various DeFi protocols have generated substantial income in 2024, with many mature protocols' revenue data approaching their 2021 highs, while newer platforms establish themselves as key contributors. Pump.fun is the most notable highlight in the Solana ecosystem this year, generating $313 million in fees for 2024, averaging $31 million per month with an average monthly growth rate of nearly 77%. Jito started with just $5 million in fees in January and grew at an average monthly rate of 79%, reaching a total of $603 million in fees by the end of the year.
Meanwhile, Ethena's fees grew from just $1.7 million in January 2024 to over $267 million by the end of the year. Notably, over 54% of Ethena's annual revenue was generated in the last three months, during which this figure grew at an average monthly rate of 150%.
On the other hand, MakerDAO far surpassed its historical revenue numbers of $12.8 million in May 2021 and $32.6 million in April 2024. At the time of writing, MakerDAO generated nearly $40 million in December, a 38% increase from the previous month. It also generated over $313 million in revenue for the year, a 176% increase from 2023. Despite revenue growth, the MKR token fell 10% this year. For Aave, 2024 marks a recovery close to historical revenue highs, with December revenue reaching $60.9 million, near its peak of $65.39 million in October 2021. For the year, Aave's total revenue reached $389 million, averaging $32.4 million per month with a stable monthly growth rate of 14%. This represents a 244% increase in annual revenue compared to 2023. Against this backdrop, Aave's token surged more than 200% this year.
Market
As of press time, according to Coingecko data:
BTC's recent transaction price is $98,454.21, with a daily change of +0.3%;
ETH's recent transaction price is $3,638.54, with a daily change of -0.5%;
BNB's recent transaction price is $710.09, with a daily change of -0.4%;
SOL's recent transaction price is $213.76, with a daily change of -1.4%;
DOGE's recent transaction price is 0.3819 yuan, with a daily change of -3.0%;
XPR's recent transaction price is $2.40, with a daily change of -0.7%.
Policy
▌Senator Cynthia Lummis: Holding Bitcoin in reserve can help maintain the strength of the dollar.
U.S. crypto-friendly Senator Cynthia Lummis stated that holding Bitcoin in reserve can help maintain the strength of the dollar.
Blockchain Applications
▌Social Capital CEO: Stablecoins will become a key tool for wholesale trading in 2025.
Social Capital CEO Chamath Palihapitiya predicts that the adoption of stablecoins will surge in 2025, becoming a key tool for wholesale trading. He noted that by 2024, the use of stablecoins will decouple from cryptocurrency trading, exceeding 1.1 billion transactions with a settlement amount of $8.5 trillion, more than double Visa's transaction volume.
Palihapitiya believes this growth will challenge Visa and Mastercard's duopoly, especially with rising credit card rates. He also discussed regulatory issues, emphasizing that blockchain technology provides transparency and traceability for transactions. Last year, he predicted that Bitcoin would achieve mainstream adoption in 2024.
Cryptocurrency
▌Canadian listed company Kontrol Technologies holds 25 BTC.
Canadian listed company Kontrol Technologies Corp. announced that after completing multiple successful RFPs (Requests for Proposals), it has added several city clients. Kontrol won these opportunities by competing with larger organizations and will provide its sustainability solutions for multiple buildings in its client portfolio.
Following the press release on November 8, 2024, the company accelerated its Bitcoin strategy on its balance sheet, currently holding approximately CAD 3 million in Bitcoin or Bitcoin-related tokens on its balance sheet.
▌Ripple CEO: 75% of Ripple's job vacancies are now in the U.S.
Ripple CEO Brad Garlinghouse announced that currently 75% of Ripple Labs' job vacancies are in the U.S., and after the November 2024 elections, the company will have secured more deals and partnerships in the U.S. than in the previous six months. Garlinghouse attributes these changes to the incoming Trump administration and Donald Trump's pro-crypto rhetoric.
▌10x Research: Expects a good start this year, followed by a slight decline before the CPI data release on January 15.
10x Research noted in its market analysis that while some initial enthusiasm is expected at the beginning of the new year, it is not yet time to experience the bullish sentiment similar to that of late January to March or late September to mid-December 2024. A good start is expected this year, followed by a slight decline before the CPI data release on January 15. Favorable inflation data may reignite optimism, driving a rebound before Trump's inauguration on January 20. However, this momentum may weaken, and the market could decline before the FOMC meeting on January 29.
From January 2024 to mid-November, Bitcoin's dominance increased from 50% to 60%, presenting significant resistance to altcoins. Although the dominance indicator briefly fell to 53% in three weeks (sparking hopes for an altcoin season), it quickly rebounded to nearly 58% and then stabilized around 55%. This consolidation highlights Bitcoin's persistent dominance as the primary driver of the crypto market while suggesting that altcoins may face challenges unless Bitcoin's dominance indicator declines again.
▌El Salvador currently holds 6,009.18 Bitcoins.
According to the Bitcoin Office of El Salvador, the country currently holds 6,009.18 Bitcoins, worth over $591 million.
▌The TON network's staked amount has currently decreased to 672.8 million TON, accounting for 26.50% of the circulating supply.
According to tonscan data, the TON network's staked amount has currently decreased to 672.8 million TON, accounting for 26.50% of the circulating supply (2.539 billion). Additionally, the current staking APY is 5.5%, with a total of 386 validator nodes in the network.
▌In the past 24 hours, the entire network faced liquidations of $126 million, mainly from long positions.
Coinglass data shows that in the past 24 hours, the entire network faced liquidations of $126 million, with long positions liquidating $79.253 million and short positions $46.834 million.
Important Economic Dynamics
▌The probability of the Federal Reserve keeping interest rates unchanged in January is 88.8%.
According to CME 'Fed Watch': The probability of the Federal Reserve keeping interest rates unchanged in January is 88.8%, with an 11.2% chance of a 25 basis point cut. The probability of maintaining the current rate until March is 53.3%, with a cumulative probability of a 25 basis point cut at 42.2% and a 50 basis point cut at 4.5%.
▌Nordea Bank strategist: U.S. monetary policy has entered a new phase where interest rate cuts depend on declining inflation or a weakening job market.
Nordea Bank credit and interest rate strategist Lars Mouland: U.S. monetary policy has entered a new phase where interest rate cuts depend on declining inflation or a weakening job market. Interest rates may ultimately be higher than market expectations.
Golden Encyclopedia
▌What are compressed NFTs?
CNFT is a newer type of non-fungible token that utilizes state compression technology to store data more efficiently on Solana. Unlike traditional NFTs that store all token metadata directly on-chain or through external links (such as IPFS), cNFT uses Merkle trees to optimize data storage.
Disclaimer: Golden Finance, as a blockchain information platform, provides articles for informational reference only and does not constitute actual investment advice. Everyone should establish a correct investment concept and be sure to raise risk awareness.
