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Crypto betting market Polymarket estimated a 77% chance that a
Solana
ETF would be approved in 2025.
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The China Finance 40 Research Institute acknowledged the evolution of crypto, citing how it spawned three categories: store of value, utility tokens, and stablecoins. As of December 28, 2024, crypto had a market value of around $3.43tr, equivalent to 5% of the U.S. and 35% of the Chinese stock markets. China's strict anti-crypto stance was solidified in April 2017, amid the ICO bubble, when it ordered all types of token issuances to be halted.
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In 2024, top executives from companies like Amazon and Meta, made significant stock sales, with Coinbase and MicroStrategy executives also among the top sellers. Top Crypto Executives in Insider Sales: ⚫ Brian Armstrong (Coinbase CEO): $636m, ranking 8th overall ⚫ Michael Saylor (MicroStrategy Executive Chairman): $410.8m, 13th place ⚫ Fred Ehrsam (Coinbase Co-founder): $203.8m, 22nd place ⚫ Emilie Choi (Coinbase COO): $186.4m, 23rd place The Largest Insider Sales Among All Firms: ⚫Amazon: $13.50bn ⚫Walmart: $4.84bn ⚫Palantir: $4.14bn ⚫Meta: $2.72bn ⚫Nvidia: $2.00bn ⚫Salesforce: $1.27bn ⚫Coinbase: $1.25m ⚫Oracle: $842.00m ⚫Apollo: $630.60m ⚫Intuit: $593.90m ⚫MicroStrategy: $567.80m ⚫Netflix: $528.30m
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Investors sold gold ETFs for a fourth straight year in 2024, despite record-high prices and the Fed’s monetary easing. The dollar strengthened after Donald Trump’s election win, prompting renewed selloffs as investors shifted to equities and Bitcoin.
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BlackRock's spot Bitcoin ETF, IBIT, saw a new outflow of 3,412 BTC, worth approximately $331.72m, the largest outflow since its launch.
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Elon Musk questioned the IRS regarding crypto transaction taxes, questioning whether gas fees for minting NFTs can balance out short term capital gains tax.
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