Euro stablecoins exploded the European crypto market in 2024, becoming a key growth driver thanks to the implementation of the MiCA regulation. 📈
Monthly volumes reached a record €800 million in November, driven by the success of EURI from Banking Circle on Binance. Other stablecoins, such as EURC and EURCV, captured 91% of the market. MiCA provided clarity and confidence for investors, although Tether exited due to regulatory issues.
Former South Korean lawmaker Kim Nam-guk has come under scrutiny over allegations of hiding cryptocurrency assets worth 9.9 billion won. 💼 Prosecutors are demanding 6 months in prison, claiming he concealed income from cryptocurrency by transferring it to bank accounts. This case highlights the importance of regulating cryptocurrencies in South Korea, where discussions are underway to introduce a tax on crypto assets starting in 2025.
Meanwhile, the cryptocurrency market in South Korea is booming, reaching a record trading volume of $34.6 billion. 📈 XRP has emerged as the leader, accounting for $28 billion in trading on Upbit. A sudden 30% drop in Bitcoin quickly recovered. These events coincided with the declaration of martial law, emphasizing instability and the need for regulation in the country.
The U.S. Department of the Treasury has imposed sanctions on two individuals and one company for laundering millions of dollars for North Korea through cryptocurrency. 🇰🇵💰
Lu Huayin and Zhang Jian from the UAE used a front company to convert cryptocurrency and transfer funds to Pyongyang. These actions support missile development programs in North Korea.
OFAC continues to combat financial schemes that threaten international security.
In 2024, the crypto industry lost $2.361 billion due to cyber threats, reports Cyvers. 📉 This is 40% more than in 2023. The main losses were due to access control incidents, amounting to $1.9 billion. Ethereum was the most affected network.
Interestingly, more than $1.3 billion was recovered thanks to incentive programs. In 2025, new threats are expected, including quantum and AI attacks. 🛡️
📉 Cardano (ADA) is going through tough times, dropping below $1. However, history shows that such corrections can precede significant gains. Analysts predict that the price could reach $6.
📈 In the short term, the situation looks bleak, but in the long term, it appears more optimistic. Analyst Ali Martinez believes that the current correction could be a blessing, repeating the scenario of 2020.
A recent survey by P2P.org revealed challenges and trends in the crypto adoption strategy of institutions. 🧐 Among those surveyed are intermediaries, investment funds, and venture capital. The main challenges: integrating new crypto products and complying with regulatory norms.
Risks relate to technology, operations, and regulation. Smart contracts raise concerns about security, while withdrawing funds from staking slows down capital flow. 📊 Regulatory barriers limit innovation and the integration of new products.
Bitcoin is on the move again! 🚀 After an impressive start to the week, BTC hit a new record, but then fell sharply to $92,000. The bulls were able to recover the price a little to $95,000, but today it fell again to $96,000. BTC dominance increased to 55%, as altcoins suffered even more.
Altcoins in the red! Ethereum fell to $3,350, and coins like SOL, DOGE, and ADA lost up to 11%. The total crypto market capitalization has decreased by $100 billion. 📉
Ripple is back in the spotlight! 🌟 After the recent market crash, the price of XRP fell from over $2.7 to less than $2. However, the token has recovered and is now at an important level of $2.2. If it holds, it could soar back to $2.7, but if it breaks down, it risks falling below $2. 📉
The beginning of the week was promising due to the announcement of a new stablecoin, but the market has wobbled again. Stay tuned for updates!
Internet Computer (ICP), Chainlink (LINK), and Hedera (HBAR) continue to lead the rankings for "significant developer activity" 🌟. According to Santiment, ICP took first place with a score of 409.63, but its price has fallen below $10 after a recent market correction.
Chainlink and Hedera follow closely, maintaining their positions. Santiment uses a special methodology to assess real progress, excluding insignificant actions, which allows for an accurate identification of active crypto ecosystems.
🚀 There is a real frenzy in the crypto world! The demand for Bitcoin is growing faster than its supply, leading to a shortage. According to CryptoQuant, since September, demand has increased by 228,000 BTC per month, while the available supply has fallen to levels seen in 2020.
📉 This decrease in supply is associated with the growing interest of large investors who are actively buying BTC. Stablecoins are also on the rise, highlighting the influx of fresh money into the market.
Argentina is preparing for a revolution in the lithium industry thanks to Cardano blockchain technologies! 🇦🇷 In collaboration with Atómico 3, Zengate, and Alto Grande, the country will launch the world's first lithium tokenization project in 2025.
Tokenization will allow investors to trade shares of lithium without physical ownership, improving liquidity and ensuring transparency. This is a step towards democratizing resources and supporting environmental standards. 🌱
Shanghai-based car dealer Cango Inc. surprised everyone by switching to Bitcoin mining! 🚗💰 The company acquired 32 EH/s from Bitmain for $256 million and mined 363 BTC in November without selling a single asset. This makes it the fifth-largest publicly traded mining company in the world.
Cango is expanding its horizons with strategic acquisitions. Despite the mining ban in China, the company has signed a contract to host its equipment in the US.
Nigeria has arrested 792 people linked to a major crypto-romance scam in Lagos! 🚨 Among those detained are 148 Chinese, 40 Filipinos, and other foreigners. Operation "Big Leaf" uncovered a network where locals were trained in deception through social media. 💻 Authorities found hundreds of SIM cards and computers used for anonymity. International cooperation continues to identify all participants.
The price of Bitcoin is causing concern: after reaching a record level of $100K, it fell to $92K. 📉 If the market does not return to this mark, a correction to $80K is possible.
The 4-hour chart shows that Bitcoin broke the $100K level, and the RSI is below 50%, indicating a bearish trend. However, the lower trend line is holding, which may lead to a quick recovery.
Network analysis shows an increase in activity, but there is still a long way to go before reaching the record. If activity does not increase, a prolonged decline is possible. 📊
Ethereum has once again failed to break through the key resistance at $4K, leading to a noticeable price decline. However, the cryptocurrency has reached a significant support zone, where a bounce and consolidation are expected. 📉
The 4-hour chart shows how the rejection at the $4K level caused a sharp drop, but now Ethereum is trading in the support zone of $3K–$3.5K. If this support holds, a new attempt to break through the $4K resistance is possible. 🚀
The NFT project CyberKongz received a Wells notice from the SEC, raising questions about ERC-20 tokens in games. 🤔 The team expressed disappointment but is ready to fight for clarity in NFT regulation.
The SEC believes that the contract migration in 2021 could have been a token sale. CyberKongz insists that this is not the case and demands clear rules. 🛡️ This adds them to the list of companies under SEC scrutiny.
In 2024, the crypto industry experienced significant growth due to rising coin prices, but not all networks were able to attract new users. 🚀 According to a report by Flipside, only the Base network from Coinbase showed exponential user growth, increasing by 56 times.
Ethereum also impressed, outpacing its layer-2 networks. However, Bitcoin was unable to attract many new users despite the historical price surge. 📉 Flipside notes that this is due to high speculative activity.
Crypto-whales 🐋 are not sleeping! During the recent market crash, when prices for DOGE and XRP fell by 35% and 28% respectively, large investors seized the moment for mass purchases.
According to data, the whales acquired 80 million XRP and over 250 million DOGE. These purchases helped the assets recover: DOGE rose by 30%, while XRP rose by 17%. It seems that big players are confident in the future of these cryptocurrencies! 🚀
Bitcoin is back in the game! 🚀 After a series of declines, the price of BTC has risen above $99,000, which has been a breath of fresh air for the market. Altcoins are also pleasing: many of them are recovering at double-digit rates.
Ethereum has returned to $3,500, and XRP is back above $2.3. BNB, SOL, and others are showing a growth of 5-6%. The total market capitalization of the cryptocurrency market has risen to $3.550 trillion. It seems the market is gaining momentum again! 📈
This week, the crypto community experienced one of the most volatile weeks in history. 📉 Bitcoin reached a record $108,000 but then fell to $92,000 following comments from the Fed. It is now again close to $100,000. These fluctuations caused liquidations and emotional swings among traders.
The Fear and Greed Index dropped from 87 to 73, showing how emotions influence the market. It is important to remember that the main thing is direction, not numbers. 🔍