Coinbase's weekly trading volume hit a record high of $119 billion, with an average daily trading volume of nearly $20 billion.

The most traded contracts are perpetual contracts for BTC, ETH, SOL, XRP, and DOGE, accounting for 99.8% of the total exchange trading volume this week.

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According to Forbes, the seven predictions for cryptocurrency in 2025:

⚫️Strategic Bitcoin Reserves: Major countries in the G7 or BRICS will include Bitcoin in their reserves, marking a shift in sovereign wealth management
⚫️Growth of Stablecoins: Driven by regulatory clarity and global trading demand, the supply will double to over $400 billion
⚫️Bitcoin DeFi Expansion: Layer 2 networks will unlock DeFi opportunities, with TVL exceeding $24 billion, making native Bitcoin participation in DeFi possible
⚫️Surge in ETFs: Bitcoin and Ethereum ETFs will grow, with new cryptocurrency-focused ETFs (including those supporting staking and diversified index funds) emerging
⚫️Leading Tech Giants Adopting Bitcoin: A leading tech giant (such as Apple or Microsoft) will utilize new fair value accounting rules to add Bitcoin to its balance sheet
⚫️Cryptocurrency Market Cap: Driven by innovations in AI, DeFi, and decentralized applications, the total market cap will exceed $8 trillion
⚫️U.S. Cryptocurrency Revival: The end of restrictive policies and new SEC leadership will position the U.S. as a global hub for blockchain startups and token issuance

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Bitcoin retreated further from last week’s all-time high of more than $108,000 to below $93,000.

Shares of publicly traded cryptocurrency companies also struggled, with bitcoin giant MicroStrategy down 8%, cryptocurrency exchange Coinbase down 5% and the most valuable bitcoin miner Marathon Digital down 4%.
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MicroStrategy has acquired 5,262 BTC for approximately $561 million, at a price of about $106,662 per Bitcoin, achieving a 47.4% BTC return year-to-date and a 73.7% BTC return since the beginning of the year.

As of December 22, the company holds 444,262 BTC, valued at approximately $27.7 billion, with an average price of about $62,257 per Bitcoin.

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El Salvador has purchased another 11 BTC, bringing its total holdings to 5,994.77 BTC, with hopes of reaching 6,000 BTC by the end of the year.

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CMC Cryptocurrency Fear and Greed Index falls to 54, remaining at 'Neutral' for the second consecutive day, ending the 'Greed' and 'Extreme Greed' status that began on November 6.

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✔Highlights of the cryptocurrency market this week:

⚫Argentina will install its first cryptocurrency ATM in 2025
⚫MicroStrategy's Bitcoin profits exceed $20 billion
⚫Telegram launches tradable NFT stickers
⚫Trump urges Congress to abolish the debt ceiling
⚫Bitcoin drops 6.8%, falling to $94,624
⚫EU exchanges will delist Tether's USDT before December 30

MicroStrategy CEO Michael Saylor proposed a U.S. digital asset framework, highlighting the following opportunities:

⚫ The U.S. dollar as the global reserve digital currency: Growing the digital currency market from $25 billion to $10 trillion, creating huge demand for U.S. Treasury bonds.
⚫ Growth of digital capital: Expanding the global digital capital market from $20 trillion to $280 trillion, with U.S. investors holding the majority of the wealth.
⚫ Leadership in digital assets: Driving the growth of digital assets (beyond Bitcoin) from $1 trillion to $59 trillion, with the U.S. poised to dominate the industry.
⚫ Strategic Bitcoin reserves: Establishing Bitcoin reserves capable of generating $16-81 trillion in wealth for the U.S. Treasury, providing a means to offset national debt.

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By December 30, all exchanges in the EU must delist tokens that do not comply with the new MiCA regulations.

Currently, Tether's USDT does not meet MiCA requirements and will be delisted.

Tether has not obtained the necessary electronic money license required by MiCA, which stipulates that stablecoin issuers must back their tokens with reserves held in independent banks and monitor payment transactions.

By December 30, all exchanges in the EU must delist tokens that do not comply with the new MiCA regulations.

Currently, Tether's USDT does not meet MiCA requirements and will be delisted.

Tether has not obtained the necessary electronic money license required by MiCA, which stipulates that stablecoin issuers must back their tokens with reserves held in independent banks and monitor payment transactions.

A report from Kaiko reveals key developments in the European crypto market in 2024, including:

⚫ Euro trade volumes remain above 2023 levels, reaching €50 billion in November, almost double that of October.
⚫ BTC-EUR surpassed BTC-JPY for the first time, surging to 9.9% from 3.6% at the beginning of the year.
⚫ Monthly trading volumes for euro-backed stablecoins hit a new all-time high, approaching $800 million in November.
⚫ MiCA-compliant stablecoins dominate market share, growing from around 20%-30% to 90.6%.

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Cango Inc., a Chinese auto services company listed on the New York Stock Exchange, has become the world’s third-largest publicly traded Bitcoin miner.

The company spent $256 million on a 32 EH/s Antminer ASIC and has contracts for another 18 EH/s, potentially bringing its total to 50 EH/s, on par with Marathon Digital.

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MicroStrategy acquired 15,350 BTC at a price of $100,386 each, achieving a 46.4% BTC return year-to-date and a 72.4% BTC return year-to-date.

MicroStrategy currently holds 439,000 bitcoins, with a total value of $27.1 billion, averaging $61,725 per bitcoin.

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Last week, the inflow of funds into digital asset investment products reached 3.2 billion USD, marking the 10th consecutive week of positive growth, with a total inflow of 44.5 billion USD since the beginning of the year, more than four times that of the same period last year.

⚫ Bitcoin inflow:
Last week saw an inflow of 2 billion USD, and a total of 11.5 billion USD since the U.S. elections.
⚫ Ethereum inflow:
Last week had an inflow of 1 billion USD, totaling 3.7 billion USD over the past seven weeks.
⚫ Altcoin inflows:
XRP led with 145 million USD, driven by optimism surrounding U.S. listed ETFs, while Polkadot and Litecoin increased by 3.7 million USD and 2.2 million USD, respectively.
⚫ Regional inflows:
The U.S. leads with 3.1 billion USD, followed by Switzerland (36 million USD), Germany (33 million USD), and Brazil (25 million USD).
⚫ ETP trading volume:
An average of 21 billion USD per week, accounting for 30% of the Bitcoin trading volume on trusted exchanges, with daily Bitcoin liquidity at 8.3 billion USD, which is double that of the FTSE 100 index.

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Bitcoin突破 106,000 美元，创下历史新高。

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Bitcoin mining difficulty has reached a historic high of 108.52T.

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Starting December 23, MicroStrategy will be included in the Nasdaq 100 index, which has a high proportion of technology stocks. MicroStrategy's stock price soared more than 500% in 2024.

MicroStrategy began buying and holding Bitcoin in 2020 and is currently the largest corporate holder of Bitcoin.

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The new chairman of the U.S. House Financial Services Committee, French Hill, stated that the top priority for the next 100 days is to establish a regulatory framework for digital assets, while also focusing on stablecoins.

Hill is committed to advancing the passage of cryptocurrency legislation, which includes a bill regulating stablecoins and another bill focusing on market structure. He has also criticized the stance of SEC Chairman Gary Gensler on cryptocurrency.

Justin Sun's BiT Global company has recently become a major stakeholder in the wrapped Bitcoin (wBTC) ecosystem, and the company is suing Coinbase, which decided to delist the asset last month and launched a competing product, cbBTC.

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Electric Capital released a report on developer activity, showing that Ethereum remains the largest developer ecosystem, with more than half of the activity occurring on Layer 2.

Asia is the region with the highest number of developers, with India accounting for 17% of new developers.

However, in terms of new developers, Solana became the leader in 2024, surpassing Ethereum for the first time since 2016. Of the 39,148 new developers, 7,625 chose Solana, an increase of 83%.

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