Trump-Backed World Liberty Financial Adopts sUSDe Stablecoin for DeFi Expansion

Donald Trump-backed crypto platform World Liberty Financial (WLFI) is integrating Ethena’s sUSDe stablecoin as a core collateral asset within its DeFi ecosystem.

The move, pending governance approval, would enable sUSDe deposits with dual rewards in sUSDe and WLFI’s native WLF tokens.

These incentives aim to boost liquidity and attract new users to WLFI’s upcoming Aave v3 instance.

Should governance reject the proposal, WLFI and Ethena plan to pursue alternative collaboration opportunities for mutual integration.

WLFI has also expanded its digital asset portfolio as part of its growth strategy, investing $500,000 in Ethena and $250,000 in Ondo Finance.

The platform’s total holdings now stand at $83 million, with Ethereum (ETH) accounting for the largest share at $57 million, according to Arkham Intelligence. $ETH

Arthur Hayes Predicts Major Crypto Sell-Off During Trump’s Inauguration

Arthur Hayes, former BitMEX CEO and CIO of Maelstrom, warns of a significant crypto market sell-off around Donald Trump’s inauguration on January 20, 2025.

Hayes attributes this potential downturn to a growing disconnect between investor expectations for pro-crypto policies under Trump’s administration and the slow pace of political realities.

While Bitcoin surged following Trump’s electoral win, buoyed by optimism around favorable regulations, Hayes anticipates a sharp market correction as traders recalibrate their outlook.

Citing limited time for Trump to enact sweeping crypto reforms, Hayes believes the inauguration will serve as a tipping point for investor sentiment.

He revealed plans to reduce Maelstrom’s crypto holdings ahead of the event to mitigate risks.

Hayes’ forecast signals caution for bullish traders who have fueled Bitcoin’s post-election rally, underscoring the importance of balancing speculative enthusiasm with realistic policy timelines.$BTC

Crypto news updates:

Ohio Lawmaker Proposes State-Backed Bitcoin Reserve to Safeguard Public Funds

Ohio State Representative Derek Merrin has introduced the Ohio Bitcoin Reserve Act, a bill aiming to establish a state-backed Bitcoin reserve.

The proposed legislation would allow Ohio to invest surplus funds in Bitcoin as a hedge against the devaluation of the US Dollar.

Merrin emphasized the importance of Bitcoin in preserving the value of public funds, stating it provides a robust supplement to traditional investment portfolios amid inflationary pressures.

The proposal mirrors growing state-level interest in Bitcoin, with Texas and Pennsylvania pursuing similar initiatives.

It also aligns with broader Republican strategies, including President-elect Donald Trump’s expected push for a national Bitcoin reserve and Senator Cynthia Lummis’ draft bill advocating for 1 million BTC purchases over five years.

Bitcoin’s impressive 155% growth this year — spurred by a 50% post-election surge — strengthens its appeal as a strategic asset.

Chart of the day: Bitcoin traders maintain positive outlook despite Fed Jitters
As the US Fed meeting kicked off on Tuesday, the market had priced in a 25-basis-point rate cut, which has come to pass. Widespread anxiety around this major market event had already triggered a 4.2% outflow from the global crypto sector valuation over the last 24 hours. However, market data suggests the majority of speculative traders still maintain a positive outlook on Bitcoin’s short-term price prospects.

While Bitcoin price dipped below the $105,000 mark, the Coinglass chart below shows speculative traders continue to drive more capital inflows toward the BTC futures markets.

Bitcoin (BTC) Open Interest vs. Price | Source: Coinglass

As shown in the chart above, Bitcoin open interest rose to a new all-time high of $68.1 billion on Wednesday, reflecting $5 billion of inflows within the last 48 hours.

When Open Interest continues to increase amid a price pullback, it signals resilient bullish sentiment among short-term speculative traders. The move could set the stage for a rapid breakout in the coming trading sessions for two main reasons.

First, rising Open Interest amid a price correction suggests that traders are accumulating leveraged long positions, anticipating a rebound rather than exiting the market. This reinforces a "buy-the-dip" phenomenon that often precedes a sharp recovery.

If Bitcoin maintains its position above the $100,000 psychological support, a breakout toward the $110,000 resistance becomes increasingly likely.

Altcoin market updates: Solana, XRP AVAX among top losers, Fed triggers sell-the-news frenzy
As the US central bank’s governors on Wednesday projected fewer rate cuts in 2025, crypto traders opted to take profits off the table.

This effectively ended a week-long rally that has seen Bitcoin (BTC), Ripple (XRP) and Avalanche (AVAX) all score double-digit gains since December 10.

Crypto Market Performance | December 18, 2024 | Source: Coingecko

According to data aggregated by Coingecko, the global crypto market capitalization declined 4.2% on Wednesday, reflecting a sector wide sell-off after the US Fed cut its main policy rate by 25 basis points but projected fewer cuts next year.

XRP price dipped 5.2%, tumbling under the $2.50 mark as market euphoria peaked after the RLUSD stablecoin’s official launch on December 17.
Solana (SOL) price also declined by 5% before finding support around the $215 level.
Avalanche traders also booked profits on Wednesday, sparking a 5.6% price retracement before settling at the $47 level.
$XRP $SOL $BTC

Crypto Today: Bitcoin holds $104K as XRP, AVAX and Solana traders take profits
Cryptos | 12/18/2024 19:46:11 GMT
The cryptocurrency sector valuation declined 4% on Wednesday, dropping toward $3.8 trillion.
While Bitcoin price dipped 2% to consolidate around the $104,600 mark, top altcoins like XRP, AVAX and SOL suffered excess of 5% losses on the day.
The sell-the-news frenzy comes as the Fed projects fewer rate cuts in 2025.

Bitcoin surged above the $100K milestone this year for the first time, a historic event for the overall crypto industry. Just a few years back, the entire industry was shaken by the collapse of foundational institutions, such as Genesis, FTX, BlockFi, Celsius, Three Arrows, and Voyager, as well as the LUNA/UST digital assets, casting doubts over the future of the crypto industry.

However, the launch of spot Bitcoin ETFs in the US in January 2024 gave an accessible avenue for institutional and retail investors to gain exposure to Bitcoin without the complexities of direct ownership. This was followed by corporate accumulation led by MicroStrategy, Marathon Digital, Galaxy Digital Holdings, Tesla, Riot Platforms and others, leading to the surge in demand for Bitcoin.

Bitcoin’s fourth halving event fueled the ongoing rally, leading to a 50% reduction in supply inflation and an inherent increase in issuance scarcity. Political developments further shaped the industry with the victory of a crypto-friendly candidate Donald Trump, the resignation by SEC chair Gary Gensler, expectations of favorable regulations and looser monetary policy in the US and other large economies pushed BTC to a new highs.

With many of these factors expected to extend into 2025, technical analysis and expert insights support a bullish outlook for BTC, with price targets exceeding $200K by the end of next year.

Technical analysis: Bitcoin could exceed $240K
Looking at Bitcoin’s monthly chart below, Bitcoin’s price peaked between 518 and 549 days after each previous halving cycle. This is seen after the 2016 and 2020 halving, respectively. Assuming that history repeats, the next Bitcoin peak would likely occur after 518 days (September 2025) or 549 days (October 2025).

Moreover, when considering the peak of the previous halving, it is 3.51 times the other one: the 2021 peak was 3.51 times the 2017 peak. Assuming this theory plays out, the peak in 2025 would be 3.51 times that of 2021, which would give a price target of $242,190.

BTC/USD monthly chart

Another price projection would be given by CryptoQuant Bitcoin realized price bands, which is the average price at which all the Bitcoin in circulation has been transferred for the last time.

Historically, the price of Bitcoin has marketed a cycle top at ~4 times the realized price; this level represents the upper band (red dashed line). As of now, Bitcoin’s top price target is at $156K.

Bitcoin: Realized Price Bands chart. Source: CryptoQuant

Bitcoin: Realized Price Bands chart. Source: CryptoQuant

Lastly, FXStreet interviewed several experts and renowned people in the crypto communities. Their views about Bitcoin price projection for the end of 2024 and 2025 are given below:

Macroeconomics factors and use case for Bitcoin
US macroeconomics also supported risky assets like Bitcoin in 2024. The US Federal Reserve announced a 50 basis point (bps) cut in interest rates in September, lowering borrowing costs for the first time in over four years (COVID-19 times). This big rate cut is considered a bullish sign for cryptocurrencies, stocks, and global risk markets.

Lower borrowing costs generally provide more purchasing power for investors, who would invest their money in assets rather than keep it in the bank. Thus, since the September rate cut, Bitcoin has rallied from $55K to more than $100K.

“Rate cuts are generally pretty good for the risk assets.[...]Trump is coming. Elon Musk is joining Trump in forming the government, so 2025 could be the year of crypto and we are witnessing history,” Arjun Vijay, Chief Operating Officer and founder at Indian crypto exchange Giottus, told FXStreet.

Additionally, this year, the Bitcoin network discovered a new use case with the introduction of the RUNES protocol, enabling the minting of tokens directly on the Bitcoin blockchain. By leveraging the OP_RETURN opcode to inscribe RUNES, the protocol unlocked a wave of innovation, resulting in an unprecedented surge in the use of OP_RETURN, with 81 million recorded throughout the year.

Bitcoin: OP Return Code Use chart. Source: CryptoQuant

Bitcoin becomes the best-performing asset of 2024
Bitcoin has emerged as a standout performer in 2024, overshadowing traditional asset classes such as Gold, equities, real estate, and bonds. The world’s most renowned cryptocurrency has extended prior year gains, boasting a 139% surge in 2024, contributing a substantial $2.1 trillion to its market capitalization.

Assets Class Total Returns chart. Source: Macrobond

Bitcoin’s fourth halving event
Bitcoin’s fourth halving event occurred in April 2024, leading to a 50% reduction in supply inflation and an inherent increase in issuance scarcity. The halving reduced block rewards from 6.25 BTC to 3.125 BTC, constraining new supply and fueling demand.

Bitcoin Halving Year and Reward chart

According to a Glassnode report, 19,687,500 BTC have been mined and issued in the Fourth Epoch, accounting for 93.75% of the terminal supply of 21 million BTC. Thus, there are only 1,312,500 BTC to be issued during the next 126 years, with 656,600 (3.125%) issued during our present Epoch. The report explains that each halving represents a point where:

The percent of supply remaining equals the new block subsidy (3.125 BTC/block vs 3.125% remaining).
50% of the remaining supply (1.3125M BTC) will be mined between the fourth and fifth halving.
Bitcoin: Percent of 21 Million Supply Mined chart. Source: Glassnode

Bitcoin: Percent of 21 Million Supply Mined chart. Source: Glassnode

Moreover, the block subsidy is halved every 210,000 blocks, and the inflation rate is also halved roughly every four years. This puts the new annualized inflation rate of the Bitcoin supply at a value of 0.85%, down from 1.7% in the prior Epoch.

The fourth halving also marks a significant milestone in comparing Bitcoin to Gold as, for the first time in history, Bitcoin’s steady-state issuance rate (0.83%) became lower than Gold (~2.3%), marking a historic handover in the title of the scarcest asset.

Bitcoin vs. Gold Inflation Rate chart. Source: Glassnode

Bitcoin vs. Gold Inflation Rate chart. Source: Glassnode

In an exclusive interview with FXStreet, market-making firm Auros Managing Director Le Shi said that, based on past trends, Bitcoin is “still relatively early on” in the bullish cycle compared to other years in which there has been a halving event.

“I can’t predict that timing, but there are plenty of reasons to be very bullish for the remainder of this year – the three weeks remaining – as well as going into 2025,” Le said.

Bitcoin Price Annual Forecast: 2025 outlook brightens on expectations of US pro-crypto policyCryptos | 12/19/2024 11:55:13 GMTBitcoin’s price has surged more than 140% in 2024, reaching the $100K milestone.The rally was driven by the launch of Bitcoin Spot ETFs and the reduced supply following the fourth halving event in 2024.The US presidential election victory of crypto-friendly candidate Donald Trump has further bolstered market sentiment for 2025.Technical analysis and expert insights within the crypto space support a bullish outlook for BTC, with price targets exceeding $200K by 2025.Bitcoin (BTC) price has surged more than 140% in 2024, reaching the $100K milestone in early December. The rally was driven by the launch of Bitcoin Spot Exchange Traded Funds (ETFs) in January and the reduced supply following the fourth halving event in April.The beginning of the interest-rate cutting cycle by the US Federal Reserve (Fed) in September, followed by the victory of crypto-friendly candidate Donald Trump in the US presidential election in November, added further momentum. Technical analysis and expert insights within the crypto space support a bullish outlook for BTC, with price targets exceeding $200K by 2025.Bitcoin in 2024: The year of the landmark $100KBitcoin price grew over 140% in 2024, reaching a new all-time high (ATH) of $108,353 in mid-December. This remarkable increase above the $100K threshold and surpassing a $2 trillion market capitalization was significant for Bitcoin and the entire crypto markets.Bitcoin’s institutional adoption: Rise of ETFs and corporations2024 was a defining year for Bitcoin’s institutional adoption, driven by the launch of Bitcoin spot ETFs in January. These ETFs have created a regulated and accessible avenue for institutional and retail investors to gain exposure to Bitcoin without the complexities of direct ownership

$BTC

Bitcoin in 2024: The year of the landmark $100K
Bitcoin price grew over 140% in 2024, reaching a new all-time high (ATH) of $108,353 in mid-December. This remarkable increase above the $100K threshold and surpassing a $2 trillion market capitalization was significant for Bitcoin and the entire crypto markets.
$BTC

Bitcoin Price Annual Forecast: 2025 outlook brightens on expectations of US pro-crypto policy
Cryptos | 12/19/2024 11:55:13 GMT
Bitcoin’s price has surged more than 140% in 2024, reaching the $100K milestone.
The rally was driven by the launch of Bitcoin Spot ETFs and the reduced supply following the fourth halving event in 2024.
The US presidential election victory of crypto-friendly candidate Donald Trump has further bolstered market sentiment for 2025.
Technical analysis and expert insights within the crypto space support a bullish outlook for BTC, with price targets exceeding $200K by 2025.
Bitcoin (BTC) price has surged more than 140% in 2024, reaching the $100K milestone in early December. The rally was driven by the launch of Bitcoin Spot Exchange Traded Funds (ETFs) in January and the reduced supply following the fourth halving event in April.

The beginning of the interest-rate cutting cycle by the US Federal Reserve (Fed) in September, followed by the victory of crypto-friendly candidate Donald Trump in the US presidential election in November, added further momentum. Technical analysis and expert insights within the crypto space support a bullish outlook for BTC, with price targets exceeding $200K by 2025

Where next for Bitcoin?
Bitcoin trades in a rising channel, forming a series of higher highs and higher lows. The price has eased away from the 108k ATH, but the uptrend remains convincingly intact.

Buyers will look to extend gains towards 110k. Immediate support is at 104.4k, the December 5 high. A Break below here opens the door to the 100k psychological level. While a break below 95k could see sellers start to gain traction towards 90k.

BTCUSD

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Bitcoin pulls back from ATH – Will the Fed weigh on BTC further?
Cryptos | 12/18/2024 12:31:27 GMT
Bitcoin falls from 108k to 104.5k.

BTC pulls back as Polymarket BTC strategic reserve odds ease.

The Fed is expected to cut rates by 25 bps.

A more hawkish-sounding Fed could weigh on BTC near near-term.

Where next for BTC?

After rising to an all-time high of 108K, Bitcoin is retreating as the odds ease with the Bitcoin Strategic Reserve. Attention is now on the Federal Reserve interest rate decision.

Bitcoin is down 4% at the time of writing, trading at 104.5k—a 3.5k correction that could be considered healthy given the 14k rally over the past 7 days. According to Coinglass, Bitcoin’s market capitalization has eased to $2.06 trillion, and its dominance over altcoins is at 54%.

The correction in Bitcoin has also sparked a selloff in altcoins. Ethereum is down 3% at 3880, XRP has dropped 4.5% and Solana is struggling at $216. Deeper losses can be seen in ADA, TRX, SHIB, TON, and XLM. The cumulative crypto market capitalization rose to almost $4 trillion yesterday but has since dropped $150 billion to just under $3.850 trillion today.

Bitcoin Price Forecast: Bulls eye for $119,500 mark
Bitcoin price reached a new high of $107,793 on Monday after rallying over 3% in the previous week. As of Tuesday, it trades above $107,300.

If BTC continues the upward trend, it could extend the rally to test a new ATH of $119,510. This level aligns with the 141.4% Fibonacci extension drawn from the November 4 low of $66,835 to the December 5 high of $104,088.

The Relative Strength Index (RSI) on the daily chart reads 70.93, trading above the overbought level of 70 and points upwards, indicating strong bullish momentum. However, if the RSI retraces below the overbought level, traders should be cautious as the chances of a pullback increase. Additionally, the Moving Average Convergence Divergence (MACD) line on the daily chart shows a bullish crossover on Monday, suggesting an upward momentum.

BTC/USDT daily chart

However, if BTC faces a pullback and closes below $100,000, it could extend the decline to retest the $90,000 support level.

$BNB Binance Coin Gains Momentum: Can BNB Hit $400?
i don't know BNB rarely but i am seeing than i think BNB will be more powerful in future
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