● JPMorgan analyst: The importance of Bitcoin in investment portfolios is increasing
According to Odaily Planet Daily, JPMorgan analyst Nikolaos Panigirtzoglou stated that over the past year, gold prices have appreciated beyond expectations, reflecting the emergence of devaluation trades. The record capital inflows into the cryptocurrency market in 2024 indicate that Bitcoin is becoming more important in investors' portfolios. Devaluation trades refer to investors turning to assets like gold and Bitcoin to hedge against the devaluation of fiat currencies, typically driven by factors such as inflation, rising government debt, and geopolitical instability.
● Bitcoin exchange inflow and miner outflow have significantly decreased since November 2024
According to PANews, the exchange inflow of BTC and miner outflow have significantly decreased since November 2024, indicating reduced selling pressure. According to CryptoQuant data, the exchange inflow of BTC peaked at 98,748 BTC on November 25, 2024. In December 2024, exchange inflows decreased, with the total number of bitcoins sent to exchanges daily ranging from 11,000 to 79,000. The reduction in inflows coincided with a decrease in miner outflows, showing less selling pressure from miners.
Since Trump's victory in November, Bitcoin has risen, and miner outflows have decreased. On November 11, miner outflows reached 25,367 BTC, with values of 5,489, 5,748, and 2,133 BTC from January 1 to 3, 2025.
● Chilean legislators consider strategic Bitcoin reserve legislation
According to Odaily Planet Daily, Chilean legislators Gael Yeomans and Juan Santana are considering legislation regarding strategic Bitcoin reserves.
● Solana launches quantum-resistant vault to protect user funds
According to PANews, Solana developers have created a quantum-resistant vault on the Solana blockchain to protect user funds from potential threats posed by quantum computers. Cryptography researcher Dean Little explained on GitHub that the "Solana Winternitz Vault" generates new keys for each transaction using a hash-based signature system, increasing the difficulty of attacks from quantum computers. The quantum-resistant feature is currently optional, allowing users to choose to store funds in the Winternitz vault instead of a conventional wallet to ensure asset security.
● Cango enters the Bitcoin mining industry and may become one of the largest miners globally
According to Odaily Planet Daily, automotive trading service provider Cango entered the Bitcoin mining sector in November, investing $400 million to acquire 50 EH/s of computing power, making it one of the largest miners globally. Bitcoin's total computing power is currently 823 EH/s, and Cango's 50 EH/s will account for about 6% after it goes online. The largest publicly listed miner, MARA Holdings, has slightly over 47 EH/s of computing power. Cango's Senior Communications Director Juliet Ye stated that Cango purchased the first 32 EH/s of computing power from Bitmain for $256 million in cash and will issue $144 million worth of stock for the remaining 18 EH/s.
● BofA analyst: Nvidia may announce entry into AI PCs at CES 2025
According to Odaily Planet Daily, the 2025 International Consumer Electronics Show (CES 2025) will be held from January 7 to 10 in Las Vegas, USA. On January 6 at 6:30 PM local time, Jensen Huang will deliver a keynote speech. Bank of America analyst Vivek Arya expects Nvidia to officially announce its entry into the AI PC market at the event. On the same morning, Intel and AMD will also hold new product launch events.
The media believes Intel aims to seize the initiative and provide ample time for partners to showcase new products.
According to ChainCatcher, the Indian Ministry of Home Affairs' 2024 annual report shows that India is increasing efforts to combat crypto-related scams through collaboration with Google and Meta, particularly targeting 'pig butchering' schemes. These scams target unemployed youth, housewives, students, and individuals in financial distress, using social media and search engines to lure victims with promises of high returns.
In 2024, investors lost over $3.6 billion due to these scams. Scammers often impersonate financial advisors or representatives of legitimate investment firms, utilizing Google Ads and Meta-sponsored advertisements for malicious activities. India's Cyber Crime Coordination Center has established agreements to collaborate with platforms to label and remove fraudulent content.
