● El Salvador plans to increase Bitcoin purchases, with a mid-term goal of acquiring 20,000 Bitcoins
According to Deep Tide TechFlow, El Salvador's President's Senior Bitcoin Advisor Max Keiser revealed that President Bukele has increased daily Bitcoin purchases, with a mid-term goal of acquiring an additional 20,000 Bitcoins.
According to Odaily Planet Daily, Glassnode officials stated that as the market grows, the severity of Bitcoin's pullbacks decreases during the bull market. The deepest pullback during this cycle was -32% (August 5, 2024), with most corrections being around 25% from previous highs, reflecting the demand for spot ETFs and growing institutional interest.
● Ethereum and Base chain user growth leads in 2024, while Bitcoin growth is slow
According to PANews, the 2024 on-chain user report released by Flipside shows that Ethereum and Base chain user growth leads, while Bitcoin has almost no growth.
Base's monthly new users soared 56 times this year, with 19.4 million new users in the crypto space in October 2024, of which Base contributed 13.7 million, nearly eight times that of the second-place Polygon. Ethereum averaged 1.56 million monthly new users, surpassing Arbitrum and Optimism. The number of DeFi-related super users on the Ethereum chain reached 10.9 million, far exceeding Arbitrum and Optimism. Bitcoin's new users grow by 935,900 per month, with a 19.2% increase during Bitcoin's rise in March, but a 28.5% decrease following the November U.S. elections.
● CryptoQuant founder: MicroStrategy has become another 'Dollar-Bitcoin Gateway'
According to PANews, CryptoQuant founder and CEO Ki Young Ju stated on the X platform that MicroStrategy has become another 'Dollar-Bitcoin Gateway'. This high-performance gateway is innovatively designed, and MicroStrategy has successfully processed $27 billion into 439,000 BTC.
According to Odaily Planet Daily, U.S. Securities and Exchange Commission Commissioner Hester Pierce stated that she is willing to reconsider physical redemption and staking for Bitcoin and Ethereum ETFs. Previously, a Bloomberg ETF analyst indicated that SEC Commissioner Hester Peirce hinted that staking for Ethereum ETFs might be approved.
According to Deep Tide TechFlow, Ripple's Chief Legal Officer Stuart Alderoty called on the U.S. Congress to establish a cryptocurrency regulatory framework that supports innovation. He suggested that regulation should focus on behavior rather than technology. SEC Commissioner Mark Uyeda criticized the SEC's tough enforcement stance, arguing that it is inappropriate to take enforcement action solely for being unregistered. The industry expects the Trump administration to appoint Paul Atkins to a regulatory position, signaling a friendly approach.
