Crypto Insights Bulletin delivers the latest crypto news, trends, and expert analysis to help you navigate the crypto market with confidence and stay informed.
🚀 Notcoin, Hyperliquid and Starknet among top airdrops of 2024
📣 According to BeInCrypto, cryptocurrency projects distributed over $19 billion to the community in 2024.
✅ This estimate is likely inflated. Nevertheless, even after recipients sold off tokens and prices dropped, the total value of NOT tokens distributed by Notcoin stands at $545 million.
✅ The value of 31 million HYPE tokens distributed by Hyperliquid in November was around $1.1 billion, but it has since dropped to $750 million.
Why a U.S. Bitcoin Strategic Reserve Is Critical to Fending Off China
The U.S. should establish a Bitcoin strategic reserve to counter China's growing financial influence and its efforts to undermine the U.S. dollar as the global reserve currency. China is actively working to build alternative financial systems, which could disrupt economies and bolster authoritarian control.
To respond, the U.S. needs to embrace Bitcoin as a reserve asset, enhancing its financial technology exports and ensuring it retains economic power. The article highlights that Bitcoin, ofte
MicroStrategy's Dismal December Still Keeps It at Top of 2024 Bitcoin-Tied Asset Rankings
MicroStrategy's performance in 2024 highlights its significant 342% return despite a rough December where its stock dropped nearly 50%. This places MicroStrategy at the top of the rankings for Bitcoin-linked assets in traditional finance.
Key points include:
- MicroStrategy's Performance: Despite a recent decline, it outperformed other crypto-linked assets, driven by a year of geopolitical and technological challenges. - Comparison with Other Assets: NVIDIA was noted as a strong performer amon
🔻 Bitcoin-Leveraged Play MicroStrategy's Bullish Call Skew Disappears in Cautious Market Sentiment
MicroStrategy's (MSTR) bullish call skew has diminished amid cautious market sentiment, as reflected in recent internal options data. The company's stock price has dropped 44% from its record high of $589 in November, leading to a shift in sentiment from bullish to neutral. This is highlighted by a change in MSTR's 250-day put-call skew, which has moved from -20% to zero, indicating that call options are now trading at parity with put options.
Analysts suggest that the bullish narrative surrounding Bitcoin as a treasury asset is losing traction, especially as MicroStrategy's stock underperforms compared to Bitcoin itself. The company, which has accumulated 446,400 BTC since 2020, saw its shares decline by 25% in December, while Bitcoin remained relatively stable. This decline suggests that investors are unwilling to pay a premium for MSTR shares when they can directly purchase Bitcoin at a lower cost. #USJoblessClaimsDrop #USJoblessClaimsDrop #BitcoinTurns16 #BitcoinHashRateSurge #MicroStrategy
🪙 XRP Rockets 11% as Bitcoin Starts New Year With Bullish Bang
XRP surged by 11% as Bitcoin kicked off the new year with strong bullish momentum, driven by significant trading volumes on South Korean exchanges, particularly Upbit, which reported $1.3 billion in trades. Analysts noted that high trading volumes often precede price volatility, typically on the upside.
Bitcoin's price rose above $95,000, as market participants anticipate a bullish year, with projections targeting $185,000 for Bitcoin and $5,500 for Ethereum. The optimism is fueled by expectations of a more crypto-friendly U.S. administration under incoming President Donald Trump and the historical impact of Bitcoin halving events, which typically lead to price increases.
🔔 Beware of Bitcoin's 'Shooting Star' Warning at Record Highs: Godbole
Bitcoin's recent price action has raised caution among traders, as it formed a "shooting star" candlestick pattern in December, indicating potential bearishness. After reaching a record high above $108,000, Bitcoin ended the month below $94,000, marking its first monthly loss since August. The shooting star pattern suggests that while buyers initially pushed prices higher, sellers took control, hinting at a possible reversal.
Analysts emphasize the importance of defending the December low of $91,186 to maintain bullish sentiment. This warning aligns with broader macroeconomic conditions, including hawkish signals from the Federal Reserve and a strengthening dollar. Despite short-term challenges, some traders remain optimistic about Bitcoin's trajectory for 2025, anticipating a rebound as the Fed may shift to a more dovish stance later in the quarter.
🚨 BlackRock’s Bitcoin ETF Records Its Largest Outflow
BlackRock's Bitcoin ETF, IBIT, experienced a record single-day outflow of $332 million, surpassing the previous record of $188 million set in late December. The ETF, which manages over $53 billion in assets, has faced consistent outflows since December 20, signaling potential investor concerns about its strategy or the broader market.
While large outflows can indicate a lack of confidence, they may also reflect portfolio rebalancing or profit-taking by investors. In contrast, other ETFs like Bitwise and Fidelity saw inflows of $48 million and $36 million, respectively. At the time of reporting, Bitcoin was trading just under $97,000, having gained 1.5% in the past 24 hours.
📣 Although the cryptocurrency exchange's reorganization plan includes compensations ranging from $14.7 billion to $16.5 billion, its impact on the market is expected to be limited.
✅ According to K33 Research, approximately $2.4 billion may return to the market after creditors receive their payments.
✅ The first payments will go to account holders with claims of $50,000 or less. This group will collectively receive around $1.2 billion. Larger clients will receive their funds later.
Solana is now quantum-resistant, Solana dev claims
The Solana Winternitz Vault is optional, meaning Solana users will need to choose to store their funds in the Winternitz vaults to be quantum-proof. Solana developers have created a quantum-resistant vault on the Solana blockchain to protect user funds from potential threats posed by quantum computers. The “Solana Winternitz Vault” solution achieves this by implementing a complex hash-based signature system that generates new keys every time a transaction is made, explained cryptography research
Aave proposal to peg Ethena’s USDe to USDT sparks community pushback
The Aave community has pushed back against the proposal, questioning whether it addresses the core risks. A new proposal on Aave suggests hardcoding the price of Ethena’s USDe to match Tether’s USDt in Aave’s pricing feeds.
The proposal, co-authored by Chaos Labs and LlamaRisk, was submitted on Jan. 3 and seeks to protect Aave users from exposure to secondary market fluctuations. Notably, LlamaRisk is part of Ethena’s risk committee. The proposal reads: “By linking USDe’s value directly to USDt