The world of cryptocurrency offers a range of opportunities to generate continuous income, whether through active or passive methods. As digital assets continue to gain popularity, more people are seeking ways to tap into the potential of this emerging financial ecosystem. Here are several strategies you can explore to create a steady stream of income in crypto. 1. Staking Staking is one of the most popular passive income strategies in the cryptocurrency space. It involves locking up your assets
📌 On December 31, the total net inflow of Bitcoin spot ETF was $5.3181 million. The net inflow of Fidelity ETF FBTC was $36.8115 million. The total net asset value of Bitcoin spot ETF is currently $105.401 billion.
A Hong Kong legislator wants the special administrative region to take advantage of China’s “one country, two systems” policy to include Bitcoin in its national reserve for financial security.
🇪🇺 The EU’s MiCA Rules: A New Era in Crypto Regulation Effective December 30, 2024, the EU's Markets in Crypto-Assets (MiCA) regulations usher in a strict compliance regime for crypto firms operating in Europe. This landmark legislation seeks to harmonize crypto regulation, ensuring investor protection and fostering innovation within the blockchain industry.
🔒 USDT Restrictions in the EU One significant impact of MiCA is the potential delisting of Tether's USDT across the EU due to its non-compliance with MiCA’s transparency and reserve requirements. This development highlights the increasing scrutiny on stablecoins, especially asset-referenced tokens, under the new rules.
💡 What EU Users Should Do
Don't panic: Your funds are safe. If you hold USDT, it’s prudent to plan ahead.
Switch to MiCA-compliant stablecoins: Consider converting your holdings to alternatives like USD Coin (USDC), which meets MiCA standards.
Stay informed: Keep track of exchange updates and MiCA-compliance announcements to ensure uninterrupted trading and investing.
📈 How MiCA Impacts the Crypto Market
Increased transparency: Issuers of stablecoins and crypto-assets must adhere to strict reporting and reserve requirements.
Unified framework: MiCA eliminates fragmented regulation across EU member states, fostering cross-border growth.
Stronger consumer protection: MiCA mandates clear disclosures and guarantees for stablecoin reserves, boosting trust in digital assets.
🚀 Opportunities for Investors and Firms
Emerging MiCA-compliant projects: Watch for new crypto firms and platforms aligning with MiCA rules, offering safer investment options.
Institutional adoption: MiCA’s clarity and legal certainty may encourage traditional financial institutions to enter the crypto space. By embracing these changes and adapting to the MiCA framework, both users and firms can position themselves for long-term success in the evolving crypto landscape.
#BTC very slowly moved higher towards the $100,000 mark and failed by few dollar, Price also formed a small channel, which might lead the direction of the market with a breakout. Market right now is pretty slow, better wait for the volume to kick-in.
#BTC flipped the resistance at the closing of the Daily Candle time and nearly gone to $100K. Price now going to have a consolidation ranges between $90,000 and $100,000 area. Nothing expect as of now better wait for the weekend to over✅
BlackRock’s Bitcoin ETF has seen its largest-ever single-day outflow as Bitcoin funds notch a fourth straight trading day of outflows now totaling over $1.5 billion.