Daily market report (December 28, 2024, 10:50 AM)
ChainDD's market report on December 28 shows the comprehensive index and CoinMarketCap quotes:
BTC is reported at $99,024.83, up about 1.09% in the last 24 hours.
ETH is reported at $3,475.09, up about 0.06% in the last 24 hours.
BNB is reported at $703.88, up about 0.91% in the last 24 hours.
DOT is reported at $6.92, down about 1.63% in the last 24 hours.
DOGE is reported at $0.3318, down about 1.20% in the last 24 hours.
Blockchain Circle Dynamics
U.S. Blockchain Association: Will take action to resist the IRS rule changes.
The U.S. Treasury and IRS have finalized tax reporting requirements for specific cryptocurrency brokers (RIN 1545-BR39, TD 10021) this week. In response, the Washington D.C.-based industry lobbying group, Blockchain Association, stated it will take 'proactive action' to resist the changes to the rules.
Data: Last week, Ethereum NFT trading surged to $186 million, a 67% increase compared to the previous period.
Last week, Ethereum NFT trading surged to $186 million, reaching a three-month high, a 67% increase compared to the previous week's $111 million. This growth starkly contrasts with NFT activity on other chains. Bitcoin is the second-largest NFT ecosystem, with a weekly trading volume of only $33 million. Analysts pointed out that the issuance of the native token PENGU from Pudgy Penguins was a major catalyst driving this surge. The series generated $108 million in trading volume, with a single penguin trading for over 29 ETH, but experienced a sharp decline after the token issuance.
Crypto Circle Dynamics
Yesterday, Fidelity's Bitcoin ETF recorded the largest dollar outflow since its launch.
According to Trader T, on December 27, Fidelity's Bitcoin exchange-traded fund FBTC had a net outflow of 2,208 BTC, approximately $208 million, marking the largest dollar value outflow since its launch.
Animoca Brands: Decentralized esports will be one of the trends in blockchain gaming in 2025.
Animoca Brands shared trends in the blockchain gaming market for 2025 on the X platform, including:
- Integration of supply chains and infrastructure;
- Web3 operating in the background, prioritizing UI/UX to enhance player experience;
- Decentralized esports.
The ETF Store president: Bitcoin ETF asset management has nearly matched that of gold ETFs in just one year.
Nate Geraci, president of The ETF Store, released data on the X platform comparing the asset management sizes of gold and Bitcoin ETFs. According to disclosed data, Bitcoin ETF asset management has nearly reached that of gold ETFs in just one year; gold ETFs launched in 2004, while Bitcoin ETFs are set to launch in 2024.
The U.S. Treasury and IRS finalize tax reporting requirements for specific cryptocurrency brokers.
The U.S. Treasury and the IRS have finalized tax reporting requirements for specific cryptocurrency brokers (RIN 1545-BR39, TD 10021). Progress on this regulatory framework has been delayed due to resistance from the cryptocurrency industry to tracking transactions.
Solana co-founder Stephen Akridge is being sued by his ex-wife, alleging that he stole SOL staking rewards.
Solana co-founder Stephen Akridge is being sued by his ex-wife, Elisa Rossi, who alleges that he stole 'millions of dollars' in rewards generated from SOL staking and is seeking claims including breach of contract, unjust enrichment, and fraud. It is reported that Stephen Akridge served as Solana's chief engineer and played a key role in developing the blockchain platform alongside co-founders Anatoly Yakovenko and Raj Gokal.
According to the lawsuit, Stephen Akridge 'exploited the significant disparity in expertise in cryptocurrency and blockchain' to secretly obtain Elisa Rossi's staking rewards. Although Elisa Rossi mentioned 'huge amounts' in her request to keep parts of the lawsuit confidential, the value of the tokens involved in the lawsuit has not been disclosed. Elisa Rossi stated that these accounts 'were operated and controlled by Stephen Akridge from early March to mid-May.'
