Daily Market (December 30, 2024, 20:20)
ChainDD's December 30 market report shows a comprehensive index and prices from CoinMarketCap:
BTC reports $93,787.54, down about 1.12% in 24 hours;
ETH reports $3,418.33, up about 0.62% in 24 hours;
BNB reports $699.25, down about 1.54% in 24 hours;
DOGE reports $0.3216, down about 1.28% in 24 hours;
DOT reports $6.89, up about 2.16% in 24 hours.
Blockchain Dynamics
Monthly DEX trading volume reached $462 billion in December, setting a new historical record
According to DefiLlama data, the monthly trading volume of decentralized exchanges (DEX) surged to $462 billion in December, setting a historical record.
Crypto Market Dynamics
Glassnode co-founder: Once liquidity flows back into the market, a rapid increase in cryptocurrency prices may be seen.
Glassnode co-founder @Negentropic_ posted on platform X, stating, "Looking back at the period from December 2020 to February 2021, the market was in a similar cyclical phase, and price movements were comparable. During that time, liquidity outflow and price correction occurred simultaneously, but network growth continued. Similarly, when prices stabilized and new liquidity flowed back in, prices rebounded rapidly. This indicates that as long as network growth remains bullish and prices do not drop further to lower levels, we may see a rapid price increase once liquidity flows back into the market."
The Japanese Financial Services Agency plans to change the classification of cryptocurrencies from "payment tools" to "financial assets."
According to the tax reform outline released by the Japanese Financial Services Agency, it plans to classify cryptocurrencies as "financial assets," allowing public investment in cryptocurrencies. Currently, cryptocurrency assets are still classified as "payment tools" rather than investments.
Hong Kong Financial Secretary: The "Consensus Hong Kong Conference 2025" will be held in February next year.
Hong Kong Financial Secretary Paul Chan wrote on the official website "Financial Discussion" (Hong Kong Financial Expo Strengthens International Connections), revealing the vast potential of Web3. The "Consensus Hong Kong Conference 2025" will be held in February next year, expected to attract over 8,000 participants. The Hong Kong government has provided comprehensive support to the organizers, including professional advice and venue connections, making Hong Kong the first stop for Web3 to break into North America, demonstrating the industry's confidence in Hong Kong.
Grayscale currently holds $6.62 billion worth of Ethereum, making it the largest institutional holder.
According to Arkham data, Grayscale currently holds $6.62 billion worth of Ethereum, making it the largest institutional holder.
The Vice President of El Salvador meets with the Chinese Ambassador, emphasizing the role of Bitcoin in promoting the country's economic growth.
The Office of the Vice President of El Salvador posted on X, stating that Vice President Félix Ulloa emphasized the country's success with Bitcoin during a meeting with the Chinese Ambassador.
The meeting held on December 23 focused on strengthening bilateral relations and advancing projects to enhance digital connectivity and economic growth. The discussions centered on modernizing infrastructure and expanding economic initiatives to enhance El Salvador's regional influence. Ulloa highlighted the country's financial and digital progress, noting that the national Bitcoin reserves have exceeded $500 million. He attributed this achievement to the Bitcoin office under President Nayib Bukele's leadership.
The ETF Store President: All 8 top ETFs launched in 2024 are related to cryptocurrencies.
The ETF Store President Nate Geraci posted on X, stating: "All 8 top ETFs launched in 2024 are now related to cryptocurrencies, including 4 spot BTC ETFs, 2 spot ETH ETFs, and 2 MSTR ETFs. Nearly 740 new ETFs have been launched this year." He also noted that a spot Solana ETF is expected to be approved in 2025.
