MicroStrategy's stock price has risen 477% this year, second only to AppLovin among U.S. tech companies with a market cap over $5 billion.
According to FactSet data, from the beginning of 2024 to last Friday's close on December 20, MicroStrategy's stock price has risen 477%, second only to AppLovin among all U.S. tech companies with a market cap over $5 billion. Previously, the company's stock price had risen 346% in 2023.
On Monday, MicroStrategy stated in a filing that in the past week, the company acquired 5,262 bitcoins for approximately $561 million, at a price of $106,662 per bitcoin. This brings the company's total holdings to 444,262 bitcoins.
Aave is considering integrating Chainlink's SVR service.
According to a proposal in the Aave governance forum, Aave is considering integrating a new Chainlink oracle - Smart Value Recovery (SVR), aimed at redistributing profits from front-running trades to DeFi users.
Chainlink's Smart Value Recovery (SVR) is an oracle service designed to extract profits from Maximum Extractable Value (MEV) to benefit DeFi protocols. Aave estimates that SVR can capture about 40% of MEV profits, which can be redistributed to Aave DAO to benefit users.
Crypto-friendly congressman Bernie Moreno has been appointed as a member of the Senate Banking Committee.
Crypto-friendly Senator-elect Bernie Moreno (R-Ohio) has been appointed as a member of the Senate Banking Committee. The Senate Banking Committee may become key for launching cryptocurrency-related legislation in 2025, as it has jurisdiction over two key agencies: the SEC and the Commodity Futures Trading Commission. Other pro-crypto legislators, including Senator Cynthia Lummis (R-Wyo), have been assigned to stay on the committee.
The Senate is expected to confirm these appointments in the next Congress. According to the statement, Moreno has also been appointed as a member of the Senate Committee on Commerce, Senate Committee on Budget, and Senate Committee on Homeland Security and Governmental Affairs.
The IRS stated in a lawsuit that crypto staking should be taxable.
The IRS stated in a lawsuit that staking cryptocurrency should create a tax obligation immediately upon completion.
The IRS dismissed a lawsuit filed by cryptocurrency investor Joshua Jarrett in the U.S. District Court for the Middle District of Tennessee. The lawsuit involved the tax treatment of staking, a process that generates new tokens by verifying currency transactions using existing tokens and computational power. In its response on December 20, the IRS denied that staking creates new property and held that the taxpayer (Jarrett) should be taxed on the value of the tokens received as staking rewards.
Grayscale submits Grayscale Horizen Trust (ZEN) 8-K form to the SEC.
According to market news, Grayscale has submitted a Grayscale Horizen Trust (ZEN) 8-K form to the U.S. Securities and Exchange Commission (SEC).
MoonPay is negotiating to acquire the crypto payment platform Helio for $150 million.
According to Fox Business News reporter Eleanor Terrett, crypto payment service provider MoonPay is negotiating to acquire Helio for approximately $150 million, which would be MoonPay's largest acquisition to date.
Helio is an alternative to Coinbase Commerce, offering a self-service crypto payment platform that enables content creators and e-commerce merchants to receive payments in cryptocurrency. It currently provides a 'white label solution' that includes trading infrastructure for Solana Pay and DEX Screener.
Crypto.com launches a sports prediction market in the U.S.
Crypto.com announced the launch of a sports event prediction market in the U.S., allowing American customers to bet on sports events using various cryptocurrencies, starting with the Super Bowl. Payments can be received within one business day of settlement if the prediction is correct.
Company spokesperson Matt David stated that the product will leverage Crypto.com's recognition among U.S. sports fans to serve an increasing number of cryptocurrency traders looking to bet on real-world event outcomes.
Robinhood CEO: The company has internally discussed the establishment of a bitcoin reserve.
Robinhood CEO Vladimir Tenev stated during a guest appearance on Anthony Pompliano's podcast that the company has discussed the possibility of holding bitcoin internally, but it has no plans to maintain a BTC reserve. He said, "We do not rule out this possibility. So far, we haven't done it, and we are not in the investment management business."
The CEO continued to state that although Robinhood has not followed in the footsteps of companies like MicroStrategy and Tesla to incorporate bitcoin into its balance sheet, the company's stock price "has been highly correlated with bitcoin even without incorporating bitcoin into its inventory." Robinhood's stock (ticker: HOOD) has risen 202% this year, compared to bitcoin's return of 110% so far this year.
Analysis: Previous bull markets have seen at least three instances of a 20% drop; this correction has not reached that point yet.
The Block CEO Larry Cermak pointed out on The Scoop podcast that previous crypto bull markets have seen at least three instances of a 20% drop, saying: "Even the recent decline has not reached 20%. In historical bull markets, this usually happens once or twice, sometimes even three times. It can clear out excessive leveraged positions in the market and build strength for the next round of increases."
Larry Cermak added: "Clearing excessive leverage is beneficial. Of course, bull markets often end this way."
A look at the seven major DeFi staking protocols for 2025.
This article explores some top protocols that may attract attention in 2025, including Lido Finance, Pendle Finance, EigenLayer, Ether.fi, Ethena, Jito, and Babylon. Each protocol offers basic staking services while possessing unique features, such as yield tokenization, re-staking, or bitcoin staking. Mastering and effectively utilizing these features will be key to unlocking actual returns. As the cryptocurrency market enters a new bull cycle, the DeFi sector in 2025 is showing limitless possibilities, and with continuous innovation and widespread adoption, DeFi staking is expected to become an important avenue for us to obtain substantial returns.
Trump also loves 'speculating on coins'; who will be next to buy?
This article explores some top protocols that may attract attention in 2025, including Lido Finance, Pendle Finance, EigenLayer, Ether.fi, Ethena, Jito, and Babylon. Each protocol offers basic staking services while possessing unique features, such as yield tokenization, re-staking, or bitcoin staking. Mastering and effectively utilizing these features will be key to unlocking actual returns. As the cryptocurrency market enters a new bull cycle, the DeFi sector in 2025 is showing limitless possibilities, and with continuous innovation and widespread adoption, DeFi staking is expected to become an important avenue for us to obtain substantial returns.
Four major investors provide in-depth analysis: winners, losers, and future trends in the crypto market for 2024.
In 2024, the cryptocurrency market experienced significant volatility. The Chopping Block program invited several industry experts to review the year, discussing the successes of projects like HyperLiquid and improvements in the U.S. cryptocurrency environment. The DeFi sector made a strong comeback, while Tether performed exceptionally well. The biggest losers included the anti-crypto camp and some second-tier Layer 2 projects. Surprising projects like Pump.fun and BonkBot drove the development of meme coins. Best mechanism innovations included liquidity guiding and yield amplification. Future predictions involve bitcoin price fluctuations, DeFi token growth, and the potential of AI-related tokens.
