According to Forbes, Trump told CNBC on Thursday that we are going to do some great things in the cryptocurrency space. In response to a question about whether the United States would establish a strategic reserve of Bitcoin similar to its oil reserves, Trump said: "Yes, I think so."
According to Arkham monitoring, the Trump family crypto project World Liberty spent 250,000 USDC to purchase 134,216 ONDOs through Cow Protocol at 6:51 UTC+8 on December 16. Ondo Finance focuses on RWA tokenization and improves financial market liquidity and efficiency through products such as the tokenized short-term Treasury bond fund OUSG and the interest-bearing stablecoin USDY.
As a result, ONDO broke through 2.1 USDT, setting a new record high, with a 24-hour increase of 16.33%. So far this month, it has spent:
- 30 million USDC to purchase 8,105 ETH;
- 10 million USDC to purchase 103 cbBTC;
- $2 million USDC to purchase 78,387 LINK;
- $1.91 million USDC to purchase 6,137 AAVE;
- 500,000 USDC to purchase 509,955 ENA;
- $250,000 USDC to purchase 134,216 ONDO.
Currently, about 30 payment companies have obtained digital token service licenses issued by the Monetary Authority of Singapore, including Coinbase and Ripple in the United States, and Futu, headquartered in Hong Kong. In addition, the central bank of Singapore is also experimenting with digital Singapore dollars. With the approval of Bitcoin and Ethereum spot ETFs in the United States, Generation Z and even baby boomers are increasingly accepting that cryptocurrency trading can become mainstream. According to a survey conducted by the exchange Independent Reserve earlier this year, about 40% of Singaporean investors own cryptocurrencies. Analysis points out that with Trump returning to the White House and promising to usher in a new era of support for the crypto industry, this may pay off for Singapore in 2025.
CryptoQuant data showed: "In the past week, 40,000 BTC were withdrawn from exchanges, worth more than $3.92 billion." Among them, the balance of Coinbase Pro's Bitcoin wallet decreased by 16,445.77, and Binance decreased by 12,436.6.
Market Data
Ethereum liquidity re-pledge TVL increased by about 60 times this year, rising to $17.26 billion. According to DefiLlama data, Ethereum liquidity re-pledge TVL was about $284 million on January 1 this year. As demand for the utility of pledged assets increases, the total locked value (TVL) of Ethereum liquidity re-pledge protocols has increased by nearly 6,000% in 2024, reaching $17.26 billion today, occupying an absolute market share. Solana chain liquidity re-pledge TVL today is about $56.41 million.
According to DefiLlama data, the total market value of stablecoins is now $192.7 billion, setting a new record high. Its growth rate in the past week reached 2.52%. In addition, USDe increased by 10.52% week-on-week, with a market value of $5.824 billion, and its market share rose to third. USDT increased by 1.57% week-on-week, with a market value of $140.568 billion, and a market share of 69.16%.
Coinglass data shows that the total open interest of BTC contracts is 617,600 BTC, equivalent to $63.144 billion. The total open interest of BTC options is $39.51 billion, and the open interest of ETH options is $10.24 billion.
Benefiting from the possibility of a rate cut by the Federal Reserve at its upcoming meeting, investors bought stock funds for the sixth consecutive week. According to data provided by the London Stock Exchange (LSEG), net inflows into U.S. stock funds reached $6.36 billion in the past week. At the same time, money market funds had a net outflow of $2.67 billion after a sharp purchase of $121.33 billion in the previous week. In the past nine weeks, U.S. stocks have recorded a record inflow of $186 billion. Jason Draho, head of asset allocation in the Americas at UBS Global Wealth Management, believes that since November, the market has escaped many unpredictable political and geopolitical events. "Before President-elect Trump takes office on January 20, there are relatively few identifiable risk events and unexpected events cannot be defined, so the rebound can easily continue into the first quarter."
CryptoSlam data shows that in the past week, NFT sales increased by 16.27% to $224.41 million between December 7 and December 14. Ethereum NFTs led with sales of more than $119 million, up 22% from the previous week. Bitcoin NFTs ranked second with sales totaling $51.64 million, up 14.31%, and Solana NFTs followed closely with total sales of $21.44 million, up 32%. BNB Chain NFT sales increased by 368% month-on-month this week, while Blast NFTs increased by 262%.
Today's Quotes
BTC broke through 106,000 USDT, with a 24-hour increase of 4.59%, and its market share once again exceeded 57.38%. As of last Sunday, BTC has consolidated its seven-week winning streak, the longest winning streak since 2021. BTC ecosystem token STX broke through $2.5, with a 24-hour increase of 16%; BB briefly broke through 0.58 USDT, with a 24-hour increase of 16.9%.
ETH broke through 4000 USDT, with a 24-hour increase of 3.67%. The floor price of the blue-chip NFT project "Fat Penguin" Pudgy Penguins broke through 30 ETH, and once rose to 34.96 ETH, setting a new record high. It currently hit 34.8 ETH, with a 24-hour increase of 22.5%. In addition, the current market value of Pudgy Penguins is 309,302 ETH, and the trading volume in the past 24 hours reached 6,249 ETH, an increase of 131.1%.
There is no more market interpretation today, because the current situation is unstoppable, everyone is enjoying the warmth and gifts of the cold winter, no interpretation is needed. In the past few days when the market was sluggish, the blogger has been encouraging everyone and emphasizing that the cottage season is coming. I believe that those who are destined will naturally understand.
$BTC $ETH $SOL
