Original author: Murphy, on-chain data analyst

The chip structure determines the lower limit of BTC price pullbacks.

Every event that drives changes in market sentiment is accompanied by a sudden spike in on-chain turnover. After filtering data, the average daily real on-chain turnover is usually around 100,000 BTC (7-day average), with weekdays having slightly more and weekends slightly less; if it exceeds 150,000, it is considered 'abnormal' data.

For example, the collapse of Luna in May 2022, the FTX crash in November 2022, and the bankruptcy of American banks such as Silicon Valley Bank and Signature Bank from March to April 2023 all brought extreme panic and anxiety to the market, with on-chain turnover peaks exceeding 300,000 coins (as shown in Figure 1).

Original source: Bankless

Compiled and organized by: Yuliya, PANews

Finding the next 'Bitcoin' in the cryptocurrency market is a dream for many investors. As one of the most influential investment firms in the industry, Pantera Capital bought Bitcoin in 2013 at $65, and to date, the fund's returns have exceeded 100 times. In this episode of Bankless podcast, founder Dan Morehead shares how he identifies assets with asymmetric return potential and provides deep insights into the future of the cryptocurrency market, with PANews providing a written compilation of this podcast.

Many people are puzzled as to why PHA suddenly exploded in popularity. To put it abstractly, perhaps even Phala Network did not anticipate how it became the chosen one overnight. The sudden rise of PHA is due to both chance and necessity; it is certainly not something that any overt or covert scheme could have facilitated. There are three key points: sufficient preparation of TEE technology, support from ai16z, and the timely emergence of the AI Agent trend.

1) Phala Network's efforts in TEE technology are the 'inevitable' catalyst for this event. Why do I say this?

TEE (Trusted Execution Environment) is not a new concept, but in the mainstream narrative of Crypto over the past few years, it has been somewhat of a 'niche.' For instance, many high-performance chains compete on the advantages of languages like RUST and MOVE, and there has been a wave of ZK technology with ZK as the main theme. TEE and other cryptographic technologies like MPC, FHE, and Blind Compute occasionally appear in the differentiated positioning of some projects, but they are on a completely different level from the booming ZK.

This Week's Highlights

- MicroStrategy announced plans to issue more shares next year to purchase Bitcoin, which boosted market sentiment and led to a rebound in Bitcoin on Thursday. As of December 23, 2024, MicroStrategy has accumulated 444,262 Bitcoins.

- An analysis report states that Binance's Bitcoin reserves recently fell below 570,000 BTC, the lowest level since January of this year. Typically, when an exchange's reserves decrease, it means that investors are transferring Bitcoin to cold wallets, which is generally seen as a bullish signal for investors regarding Bitcoin's long-term price prospects.

Amid expectations of a major legal victory for Ripple Labs and a possible SEC lawsuit dismissal, the XRP token is expected to return twice as much as Bitcoin in 2024.

Article written by: Zoltan Vardai

Source: Cointelegraph

Article translation: Ada, MetaEra

Bitcoin’s historic rise to $100,000 a coin is one of many important cryptocurrency comeback stories.

The year brought many prominent crypto projects that had been facing difficulties back to life, including Ripple Labs, which won a major victory in its lawsuit against US securities regulators, while the memecoin and asset tokenization industries also experienced a recovery driven by strong growth forecasts.

With political changes, optimism regarding regulation, and growing institutional interest, these three cryptocurrencies have seen significant growth over the past year.

Article Author: Shiraz Jagati

Source: Cointelegraph

Article translated by: Ada, MetaEra

In 2024, the cryptocurrency market experienced a significant resurgence, rising from a market cap of $1.8 trillion in January to $3.9 trillion by mid-December. This surge was largely driven by Bitcoin's 160% increase since the beginning of the year.

This dramatic resurgence has also sparked bullish momentum across the entire industry—especially for some altcoins—reviving projects that had been stagnant or underperforming, at least in the eyes of some observers.

Source: Orange News

Author: Xiong Peisi, Executive Officer of Hong Kong Securities and Futures Professionals Association

According to sources, the Swiss Stock Exchange (SIX) is actively exploring the establishment of a dedicated cryptocurrency trading platform in Europe, aiming to compete with digital asset giants such as Binance, OKX, and Coinbase, seeking to secure a foothold in this rapidly growing market. Personally, I estimate that the Swiss Stock Exchange hopes to leverage its strong reputation in financial markets and local excellent digital asset laws to attract large investors interested in digital asset trading. The exchange is currently conducting in-depth research to create a platform for trading various types of digital assets in the future, including spot cryptocurrencies and derivative products. It is evident that the Swiss Stock Exchange has profound foresight and emphasis on the digital asset market, reflecting the growing global financial market's attention to cryptocurrencies.

In 2024, the Wiki has recorded a total of 979 investment and financing cases in the crypto industry, including 354 in tools and infrastructure, 196 in the DeFi field, 112 in asset management, and 137 in chain games and NFT fields, with a total disclosed investment amount of approximately 11.583 billion dollars.

Article author: aididiaojp.eth, Foresight News

According to Foresight Wiki statistics, the total number of investment and financing cases recorded in the crypto industry in 2024 is 979, including 354 in tools and infrastructure, 196 in the DeFi field, 112 in asset management, and 137 in chain games and NFT fields, with a total disclosed investment amount of approximately 11.583 billion dollars. The total disclosed investment amount remains the same as last year, while the number of financings in the DeFi field has significantly increased, with a year-on-year growth of 37%.

This article focuses on MiCA's regulatory provisions for ARTs, summarizing the compliance points faced by European stablecoin issuers in four aspects: authorization, obligations, reserves, and 'significance'.

Article author: Liu Honglin, Founder of Shanghai Mankun Law Firm;

Bai Qin, Head of Hong Kong Office of Shanghai Mankun Law Firm;

Song Kewei, Assistant Lawyer at Shanghai Mankun Law Firm

According to DefiLlama data, 'The total market value of stablecoins has grown by 2.46% over the past week, currently reported at $182.489 billion. Among them, USDT's total market value has increased by 0.07%, now reported at $114.518 billion, with a market share of 69.82%.' The issuance of stablecoins has become an important growth point in the cryptocurrency market.

As Tether has not yet obtained a stablecoin issuance license under the MiCA framework, it is actively seeking solutions by investing in emerging projects.

Article Author: Weilin, PANews

The EU's (Markets in Crypto-Assets Regulation) (MiCA) regulatory rules for stablecoin issuers came into effect on June 30 and are set to be fully implemented by December 30 this year. As the first complete regulatory framework for the crypto industry in the EU, the implementation of MiCA not only affects the euro stablecoin market but also provides a reference for global stablecoin regulatory models.

However, USDT issuer Tether is facing urgent challenges in this context. As it has not yet obtained a stablecoin issuance license under the MiCA framework, Tether is actively seeking solutions by investing in emerging projects. On November 18, Tether announced an investment in the Dutch company Quantoz, which will launch two MiCA-compliant stablecoins.

Shaw talked about ten potential AI Agent projects in his mind.

Article author: Zhou Zhou

Source: Foresight News

On December 22, 2024, in the afternoon, ai16z founder Shaw and his wife Jill landed in Shanghai. That evening, I and members of the 706 community (one of the largest youth communities in China), along with developers and investors from the crypto community, hosted a welcoming dinner for him. The following day, I invited Shaw to my home for a discussion before heading to a restaurant for a meal, and then took Shaw to his first meetup venue in China. One could say I witnessed Shaw's itinerary in Shanghai fairly comprehensively.

Bitpush data shows that Bitcoin reached an all-time high of $107,822 around 1:30 PM Eastern Time on Monday, an increase of about 5.5% from last Friday's close. Meanwhile, Ethereum briefly rose to $4,081, the highest recorded price since December 2021, slightly above the peaks in March and early December of this year.

As of the time of writing, Bitcoin has slightly retreated, currently priced at $105,815, up nearly 3% for the day, with a weekly increase of 9%. ETH is at $4,029, up over 3% for the day, but still 16% lower than its all-time high of $4,878 set in November 2021. The total cryptocurrency market capitalization is $3.7 trillion, up 2.97% in the past 24 hours.

Source: Coindesk

Authors: Angela Minster, Eric Stone, Nelson Wang

Compiled by: BitpushNews

The true pioneers of Web3 will undoubtedly be those who can distill the golden rules that drive growth from raw data.

The crypto space has been inundated with various metrics, most of which paint an unclear picture. Trading volume, token prices, and exaggerated headlines often obscure what truly matters: the quality of user engagement and the potential for organic, exponential growth. As the industry moves away from hype, reliable, data-driven success signals are no longer optional—they are essential.

Author: ML

Compiled by: Deep Tide TechFlow

Memo to myself: 15 important lessons for 2024

Don't be afraid to explore opportunities that may not seem obvious at first.

Don't overlook potential opportunities due to laziness, unfamiliarity, already holding other currencies, or participating in competing coins.

Stay alert to various recommendations on Crypto Twitter (CT). When analyzing opportunities, make sure to think deeply and reason on multiple levels.

Trust your analysis, trust your instincts, and take responsibility for your investment decisions: the final profit and loss (PNL) is borne by you.

Artificial intelligence agents, a series of major network upgrades, and regulatory improvements in the United States are all things Ethereum supporters should look forward to in 2025, analysts and experts say.

Article written by: Tom Mitchelhill

Source: Cointelegraph

Article translation: Ada, MetaEra

Ethereum supporters say the adoption of artificial intelligence agents, major network upgrades, increased institutional interest, and a slew of regulatory changes from the crypto-friendly administration of incoming U.S. President Donald Trump are among the things to look forward to in 2025.

Dollar-denominated Bitcoin trading is more concentrated during U.S. hours, with CME's Bitcoin and Ethereum futures open interest reaching an all-time high.

Article Author, Source: Jin Shi Data

As we approach 2025, the focus of the cryptocurrency market has returned to the U.S., thanks to Trump's re-election and the continuous expansion of demand for U.S. digital asset funds and derivatives contracts.

Trump's vow to make the U.S. a key player in the cryptocurrency industry sparked a trading frenzy, coupled with the unexpectedly successful launch of the U.S. Bitcoin Exchange-Traded Fund (ETF) in 2024, leading to a surge in trading activity.

Author: Mario Laul

Compiled by: Shenchao TechFlow

The foundation of public blockchains was laid by the Cypherpunks. Although the crypto industry was destined from the beginning to embrace diverse ideas and practices, core principles such as decentralization, open-source software, cryptographic security, privacy protection, and self-sovereignty have always been the cornerstones of its most disruptive achievements.

However, this field also faces a core issue: in the absence of a regulatory framework that supports innovation and recognizes blockchain as an administrative infrastructure with unique functionalities, crypto entrepreneurs are confronted with a tough choice—whether to adhere to purist ideals, complicating the structure and operation of their projects; or to compromise on their original ideals in exchange for regulatory recognition and a more traditional mainstream path to success.

Currently, Bitcoin's price is hovering around $98,000, with only five days left until the new year. Here is an overview of four major economic events that could influence Bitcoin's future trajectory.

Article Author: Jamie Redman

Source: Bitcoin.com News

Article Translated by: Ada, MetaEra

With only a little time left in 2024, Bitcoin enthusiasts are eagerly discussing Bitcoin's trajectory in 2025. As this year comes to a close, many exciting things are expected next year—some may be a boon, while others could pose challenges to Bitcoin's value in fiat currency. In addition to the desire for Bitcoin trading products (ETPs) and companies like MicroStrategy hoarding Bitcoin as their assets, many external factors may stir the Bitcoin market. Therefore, keep a close eye on these four economic events in 2025.

How I Missed My First 100X as a VC
Original article by: Marco Manoppo,

Original translation: Azuma, Odaily Planet Daily

Editor's note: Primitive Ventures investor Marco Manoppo has been quite prolific recently. After his article last week about how he missed out on Virtuals (see (VC's Self-Report: How I Missed the Opportunity to Make 100 Times More Money with Virtuals)) went viral, Manoppo published another new article today.

In the article, Manoppo outlined the potential impact of passive investment funds on Bitcoin buying as Bitcoin gradually approaches traditional finance, especially after MicroStrategy (stock code: MSTR) officially entered the Nasdaq 100 Index. Based on this background, Manoppo said that although the cryptocurrency market has seen some recent pullbacks and is currently in the price discovery range, he is more optimistic about Bitcoin than ever.

Are you ready for the next BTC wave?

Author and source: Meta-Luban

Bitcoin's historic moment in its heyday

2024 is destined to go down in the history of the cryptocurrency world, with Bitcoin's market value exceeding $1.9 trillion, ranking seventh among the world's most valuable assets and companies.

Looking back on this year, Bitcoin has not only broken through multiple historical barriers, but also established a more important position in the capital market and in the hearts of global investors. Whether it is the approval of spot ETFs, the policy dividends brought by Trump's re-election, or the price breaking through the $100,000 mark, Bitcoin has completed the transformation from a safe-haven asset to a global core investment target this year.