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In the year of inflows into exchange-traded funds based on the first cryptocurrency exceeded the performance of competitors based on gold, which "indicates the growing importance of a new class of assets".
Company representatives highlighted the dynamics of Binance Launchpool. The majority of client funds remain on the platform, they emphasized.
Earlier, Circle and Binance joined forces to promote USDC.
Recall that in December, the Binance exchange launched the On-chain Yields financial products service. The first in the lineup was the Bitcoin staking-supporting project Babylon.
In November, the platform introduced the margin asset BFUSD with passive income.
In October, Binance announced the launch of a token pre-market. The first was SCR from Scroll.
Since the beginning of the year, Binance has seen inflows reach $21.7 billion, up nearly 40% from the combined $15.9 billion of the next 10 exchanges in the ranking, according to the platform’s report. Binance’s global customer base has grown to 250 million users.
According to CryptoQuant, the average Bitcoin deposit on exchanges has grown from 0.36 BTC to 1.65 BTC, and USDT deposits have grown from $19,600 to $230,000, reflecting the growing participation of professional and corporate investors.
On Binance, the figure has increased by 2.77 BTC and $94,000, respectively. Tether’s value in the sector as a whole has been impacted by large deposits on Bitfinex from the stablecoin issuer.
Binance has become the first CEX to exceed $100 trillion in trading volume over its entire life, according to CCData.
According to CoinGecko data, on December 17, the price of Bitcoin reached $108,135 for 1 BTC. Later, the asset's value corrected to $106,000-107,000.
Since the beginning of the year, the price of Bitcoin has increased by more than 150%. At the same time, the dominance of the first cryptocurrency in the virtual assets market reached 54% (this means that Bitcoin's market capitalization accounts for more than half of the total value of the entire industry). Against the backdrop of the cryptocurrency surge, members of the European Parliament called on the European Union to create a strategic Bitcoin reserve. The idea was put forward by representative of the "Rekonquista" party, Sara Knapho, highlighting the advantages of the first cryptocurrency:
decentralization; limited issuance; growing adoption. In this context, Knapho urged to consider Bitcoin for diversifying reserves and hedging against economic uncertainty. She compared the development of digital asset regulation worldwide, mentioning the legalization of the first cryptocurrency by El Salvador and the program of the elected president of the United States.
At the same time, the MEP expressed regret that the authorities of EU countries are mainly focused on regulation, taxation, and suppressing innovation.
The dollar on Monday is holding near a three-week high against major peers amid expectations that the Fed will cut interest rates this week, but then signal measured easing of monetary policy in 2025.
The dollar index against a basket of six major currencies at 10:04 showed no marked dynamics, trading near the level of 106.84, after rising to 107.18 on Friday for the first time since November 26.
The 'greenback' receives additional support from rising U.S. government bond yields. Traders are confident that the Fed will cut the interest rate by 25 basis points on Wednesday, but now expect that the central bank will not lower borrowing costs in January, according to CME's FedWatch tool.
'The U.S. economy is showing resilience in the face of high interest rates, and this means that potential inflation growth, if the economy overheats, poses a problem that the Fed will need to address,' said James Kniwton of Convera.
Bitcoin soared to a record high above $106,000, helped by comments from President-elect Donald Trump, who suggested he was planning to create a U.S. strategic reserve of bitcoins similar to the strategic oil reserve.
This is reported by Reuters.
Bitcoin, the world's largest and most famous cryptocurrency, reached a high of $106,533 and was last traded at $105,688. The smaller cryptocurrency Ethereum rose almost 3% to $4,014. "We're going to do something big with cryptocurrency because we don't want China or anyone else - not just China, but others - to take it, and we want to be the leader," Trump said in an interview with CNBC.
When asked if he planned to create a cryptocurrency reserve similar to oil, Trump replied: "I think so: 'Yes, I think so.'"
Other countries are also considering the possibility of creating cryptocurrency strategic reserves.
Bitcoin Hits $106,000: Will the Fed Change the Game in the Crypto Market?
Bitcoin is back in the spotlight as its price has surpassed an impressive $105,000, sparking a wave of optimism among investors. The rally comes amid expectations of a rate cut by the US Federal Reserve, which experts say could only confirm, rather than trigger, further price increases.
Will the Fed’s decision affect Bitcoin? The Federal Reserve is set to cut rates by 25 basis points, which analysts say has already been priced in by the market. “This expected cut is unlikely to have a significant impact on Bitcoin’s price trend,” experts say. Historically, Bitcoin has tended to rise after such changes, but this time the market has already prepared for the possible consequences.
Factors that drove Bitcoin Bitcoin’s 140%+ surge this year is not solely due to the Fed’s decisions.
What’s next for the cryptocurrency market? As traders eagerly await the outcome of the Fed meeting, their focus is shifting to technical indicators and implementation metrics. "Market structure and institutional participation are likely to be the deciding factors for Bitcoin's future movement," experts note. #MarketNewHype
Meme Coins: A New Financial Phenomenon or a Short-Term Euphoria?
Meme coins have become a real phenomenon in the cryptocurrency market this year, combining internet culture with the adrenaline of trading. Is this a new type of asset or just a short-term euphoria?
BTFD Coin: A Success on All Fronts BTFD Coin, with its impressive pre-sale, has become a new favorite among investors. Having raised $3.9 million, this coin offers not only memes, but also a comprehensive ecosystem. The "Play-to-Earn" game and the possibility of staking with 90% APY make it an attractive choice for those looking for a long-term investment.
Book of Meme: The Power of the Internet Book of Meme has won hearts with its simplicity and dedication to humor. It is not just a coin, but a cultural phenomenon that allows its community to influence the development of the project. Without complex models, it is characterized by pure authenticity that attracts true connoisseurs of meme culture.
ANDY: art and crypto ANDY impresses with its innovative concept, combining art and cryptocurrency. This project creates a unique ecosystem where artistic expression becomes part of the crypto world. Partnerships with artists give it a special flavor, making it attractive
Altcoins are preparing for a breakout: what to expect from the cryptocurrency market?
The cryptocurrency market has always been unpredictable, but this time, analysts from Glassnode point to a possible altcoin breakout that could become a bright event of the season.
Altcoin Time: Can They Overtake Bitcoin? During a recent analytical session, Glassnode co-founders Jan Happel and Jann Alemann, known on social networks as Negentropic, expressed the opinion that altcoins could overtake Bitcoin in the coming weeks. This forecast is based on an analysis of the Bitcoin (BTC.D) dominance chart, which shows what share of the total crypto market capitalization Bitcoin occupies.
“We see that BTC.D is showing bearish sentiment, which could create favorable conditions for altcoins to grow in value faster than Bitcoin,” the co-founders note.
Should we wait for a new wave of growth? Historically, when Bitcoin’s dominance declines, altcoins have an opportunity to rise. But will this trend continue? The general sentiment in the market suggests that investors can expect a new wave of altcoin growth, especially during the holiday season when market activity is at its peak.
Solana on the verge of a breakout: Will SOL hit $400?
The cryptocurrency market is back in the spotlight, and this time all eyes are on Solana. The latest technical analysis shows that Solana (SOL) is approaching an important resistance at $250, which could be the starting point for a new rally.
A technical breakout on the horizon Solana is displaying a classic cup-and-handle pattern on the chart, which is considered a strong bullish signal. This pattern highlights the critical role of the $250 level, which coincides with the 100% Fibonacci level. A breakout of this level could open the way to the $400 mark.
“A breakout above $250 could be the launch pad for the next major rally,” analysts say.
The growth of the Solana ecosystem The Solana ecosystem continues to impress with its rapid growth. Total value of assets locked (TVL) reached a record $9.215 billion, accounting for 6.74% of all blockchains. This growth momentum is boosting investor confidence and attracting new developers.
Ethereum and Solana: Bitcoin’s Real Competitors Ethereum continues to impress with its ability to build decentralized applications, while Solana is quickly gaining market share thanks to its speed and low fees. These platforms not only solve the problems that Bitcoin faces, but also open up new horizons for innovation.
Conclusion: Should You Invest in Bitcoin Alternatives? Choosing Lightchain AI, Ethereum, and Solana could be a deciding factor for those looking for new opportunities in the crypto market. These projects are already demonstrating their potential to change the rules of the game, offering investors not only capital preservation, but also capital growth.
Crypto Revolution: Why Lightchain AI, Ethereum, and Solana Are Outpacing Bitcoin
A new era has dawned in the world of cryptocurrencies, where Bitcoin is no longer the sole king. With the emergence of projects such as Lightchain AI, Ethereum, and Solana, investors are getting to choose from more promising options.
Why Bitcoin is Losing Its Appeal to Investors Bitcoin is undoubtedly a pioneer in the world of cryptocurrencies. However, its limitations are becoming increasingly apparent. High fees, slow transactions, and scalability issues make it less attractive to those looking for quick solutions. Ethereum, with its smart contracts, and Solana, with its processing speed of up to 65,000 transactions per second, have long been ahead of Bitcoin in these aspects.
Lightchain AI: The New Leader in the World of Crypto Innovation The cryptocurrency world is amazed by the emergence of Lightchain AI, a platform that combines artificial intelligence with blockchain. Its unique consensus system, Proof of Intelligence, rewards nodes for performing important calculations, making the platform more environmentally friendly and efficient. Lightchain AI is already in the pre-sale stage, giving investors a unique chance to join the project at an early stage.
"This is just the beginning of a revolution," says the project founder
Challenges and prospects of the project Despite significant investments, the project has encountered certain difficulties. The sale of its own token WLFI has not met expectations - less than a quarter of the planned $300 million has been realized. Will the project be able to overcome these difficulties thanks to new investors and partners?
The project recently received support from Tron founder Justin Sun, who invested $30 million and became the largest investor. This may add confidence to market participants that the project has potential.
Future plans: what's next?
World Liberty Financial has already received permission from AaveDAO to launch its version of the Aave protocol, which will allow lending and borrowing in Ether, Wrapped Bitcoin and stablecoins. This could be an important step on the path to success.
Trump’s Crypto Strategy: World Liberty Buys $45 Million in Assets
The cryptocurrency world is back in the spotlight as Donald Trump’s World Liberty Financial is aggressively buying crypto assets, investing nearly $45 million in December alone. What’s really behind this strategy?
Massive Purchases: What Did World Liberty Financial Buy?
Trump’s crypto project made several large purchases in early December. In particular, $30 million worth of Ethereum and $10 million worth of Wrapped Bitcoin were purchased. This certainly caught the attention of crypto enthusiasts. Does this reflect confidence in the future of these assets?
New Investments: Ondo and Ethena In recent days, World Liberty Financial has continued its investment moves, acquiring Ondo for $250,000 and Ethena for $500,000. These purchases may indicate an intention to diversify the project’s portfolio.
"This could be a way to gain additional credibility or support for the project by highlighting these assets," analysts note.
Bitcoin reached a record high of $106,533 and caused a new stir among investors after the statement of the elected US President Donald Trump about the possibility of creating a strategic reserve of cryptocurrencies.
Such an initiative could make the United States a leader in the crypto industry, writes Reuters.
The record growth was preceded by the statement of Trump, which he made last Friday in an interview with CNBC. Then the elected President of the United States announced his intention to "do something great with cryptocurrencies".
"We can't let others, such as China, get ahead of us. We want to be leaders," Trump stressed. And when asked about the possibility of creating a crypto reserve similar to oil, he replied: "I think it's possible".
Recall that at the end of this year, the price of the cryptocurrency Bitcoin for the first time came close to the mark of $100,000. And on December 5, after Trump's victory in the presidential election, Bitcoin overcame this historical mark.
Chinese stocks fell, dragging down broader Asian stocks after weaker-than-expected retail sales data showed the world’s second-largest economy is still struggling to recover.
MSCI’s broadest index of Asian shares erased earlier gains as China’s CSI 300 index fell for a second day. Stocks also fell in Hong Kong and Australia, while they were little changed in Japan. U.S. futures ebbed after the S&P 500 closed almost flat on Friday. A gauge of Asian currencies fell to a two-week low. Bitcoin rose to a new record high.
Retail sales in China rose 3% from a year ago, topping the 5% growth forecast of economists surveyed by Bloomberg. This came after the country's shares fell on Friday amid disappointment when Beijing promised to boost consumption but failed to offer details on fiscal stimulus.
In the year of inflows into exchange-traded funds based on the first cryptocurrency surpassed the performance of competitors based on gold, indicating the growing importance of this new asset class.
Company representatives highlighted the dynamics of Binance Launchpool. Most client funds remain on the platform, they emphasized.
Earlier, Circle and Binance joined forces to promote USDC.
Recall that in December, the Binance exchange launched the On-chain Yields financial products service. The first in the line was the Babylon project supporting Bitcoin staking.
In November, the platform introduced the margin asset BFUSD with passive income.
In October, Binance announced the launch of a token pre-market. The first was SCR from Scroll.