This Is How Much Crypto Users Grew in 2024, According to Flipside’s On-Chain Analysis
The crypto industry grew remarkably in 2024 amid rising coin prices, but the same cannot be said for on-chain users across most relevant chains. A 2024 on-chain user report by the blockchain growth platform Flipside revealed a need for networks to offer quantity and quality on-chain activity to attract users and turn them into high-value contributors.
According to the report shared with CryptoPotato, only Base, the layer-2 network launched by the largest American crypto exchange, Coinbase, expe
Ripple, Dogecoin Whales Bought the Dip As XRP, DOGE Prices Soar
TL:DR;
Investors with lots of conviction for certain assets tend to utilize deep corrections to stack more of those coins, and this seems to be the case in regards to the two of the largest cryptocurrencies – DOGE and XRP.
On-chain data shows that large wallets poured millions into both during the recent market meltdown.
The market-wide crash that began in the middle of the business week caught many by surprise, given the billions of dollars worth of liquidations that were evident on a couple
Bitcoin Eyes $99K As Altcoins Produce Double-Digit Gains: Recovery Weekend Watch
After a few consecutive days of price slumps, bitcoin’s trajectory has finally reversed as the asset popped above $99,000 earlier today.
The altcoins are also in the green following the market-wide crash, with many recovering by double-digit increases on a daily scale.
BTC Begins Recovery Mode
The business week began in a highly positive manner for the primary cryptocurrency, as its price surged from around $101,000 to over $108,000 by Tuesday to mark its latest all-time high. While the commu
Is Crypto the Ultimate Mirror of Emotions Like Greed, Fear, and Hope?
The cryptocurrency community witnessed one of its most volatile and challenging weeks in recent history. Bitcoin, for example, went from $100,000 last Saturday to over $108,000 by Tuesday to reach a new record but then dumped by $16,000 to a multi-week low of $92,000 after the Fed’s hawkish comments for 2025.
It has recovered about seven grand since then and is now close to $100,000 once again. Aside from causing billions of dollars worth of liquidations from over-leveraged traders, these enhan
Is XRP’s Bottom In? Ripple Explodes 20% From $1.96 Lows
TL:DR;
The entire cryptocurrency market went through a massive crash in the past few days, but Ripple’s cross-border token was among the poorest performers.
Since then, though, XRP has gained roughly 20%, leading to the question of whether it has found its bottom.
XRP Bounces Off
The developments at the start of the business week couldn’t really foresee what would transpire just a few days later. On Monday, Ripple announced that its long-awaited stablecoin will finally see the light of day o
Metaplanet Accelerates Bitcoin Acquisition With New $31M Bond Issuance
Metaplanet Inc. plans to issue ¥5.0 billion ($31.9 million) in ordinary bonds to accelerate its Bitcoin buys.
The company announced this in a December 20 post on X, adding that the repayment will be made from exercising its 12th series stock acquisition rights.
Details of the 5th Series Ordinary Bonds
In a separate post, Metaplanet CEO Simon Gerovich said the money accrued from the offering will be used to push forward the buying of BTC initially planned for 2025 to before the end of 2024.
Vivek Ramaswamy’s X Account Allegedly Hacked, Leads to USUAL Price Surge
Reports have emerged that hackers compromised the X account of the newly-established Department of Government Efficiency (D.O.G.E.) co-lead Vivek Ramaswamy.
The attack led to a whirlwind of misinformation and market frenzy surrounding the four-month-old USUAL stablecoin project.
False Claims Propel Market Activity
It started with a now-deleted post initially thought to be from Ramaswamy, announcing a “strategic partnership” with USUAL that would leverage cryptocurrency to help reduce the fede
Shiba Inu to Enhance Its Ecosystem By Partnering With Chainlink: Details
TL;DR
Shiba Inu partnered with Chainlink to enable cross-chain functionality and enhance Shibarium’s ecosystem.
Despite that, SHIB and LINK prices dropped significantly amid a broader crypto market pullback.
The Collaboration
The popular meme coin project Shiba Inu announced a partnership with the blockchain oracle network Chainlink. As a result, the assets SHIB, BONE, and LEASH adopted the Cross-Chain Token (CCT) standard to become available across 12 blockchains.
These Metrics Suggest Bitcoin Still Has Room for Growth, According to Glassnode Founder
Bitcoin (BTC) is currently worth around $94,000 after trading above $108,000 earlier this week. While traders continue to take profits, analysts believe the cryptocurrency still has room for growth.
According to an X thread by Rafael Schultze-Kraft, the co-founder of the on-chain market intelligence platform Glassnode, over 20 charts and metrics suggest BTC has yet to form its top for this cycle.
More Room for Growth
The Market Value to Realized Value (MVRV) metric, which measures unrealized
Bitcoin’s Wild Ride: From $108K to $92K (Market Update)
It’s not always roses and rainbows in the cryptocurrency market and even though it may have felt like it for the past few weeks, the last seven days made sure to remind us of it. The total capitalization dropped by more than $300 billion as Bitcoin’s price went on a complete rollercoaster, similar to that of the majority of altcoins.
The first few days of the week started as we are more or less used to by know – up only. Bitcoin’s price tapped a new all-time high above $108,000 and the market w
Ripple Price Analysis: XRP Could Slump to $1.4 If This Support Level Doesn’t Hold
Ripple’s price was consolidating for the last few weeks, failing to create a new all-time high. This week was particularly eventful, though, as the asset first jumped above $2.7 before a market-wide crash took it south hard to just under $2.
By Edris Derakhshi (TradingRage)
The USDT Paired Chart
On the USDT pair, XRP has been rallying almost vertically for a few weeks. Yet, with the RSI demonstrating a clear overbought signal at the beginning of November, the market has failed to continue its
Craig Wright Receives One-Year Suspended Sentence for Defying Court Orders
Craig Wright, who has repeatedly and falsely claimed to be Bitcoin’s pseudonymous creator, Satoshi Nakamoto, was handed a one-year suspended sentence in the United Kingdom for five counts of contempt of court.
The computer scientist was also fined £145,000, approximately $180,000 for his actions.
Wright Breached Court Order
During a December 19 hearing, Judge James Mellor ruled that the Australian national had breached a court order by filing lawsuits against Bitcoin developers.
Massive Announcement From Pi Network (PI): Details
TL;DR
Pi Network reported 18 million KYC completions and hinted at an open mainnet launch by Q1 2025, sparking mixed reactions.
Users were cautioned to rely on official channels and use the authentic Pi Wallet to avoid scams.
The Latest Update
Pi Network – a controversial cryptocurrency project that allows people to mine digital assets directly from their smartphones – remains one of the trendiest topics in the space. While it saw the light of day in 2019, its native token and open mainnet h
Bitcoin (BTC) Price Collapse, Meme Coin Bloodbath, and More: Bits Recap Dec 20
TL;DR
Bitcoin (BTC) dropped 14% in three days, influenced by the Federal Reserve’s inflation concerns.
The meme coin market saw a sharp 20% drop, with assets like DOGE and SHIB facing double-digit losses and analysts predicting further losses for the former.
XRP hit a multi-day low of under $2, but industry participants remain optimistic, highlighting key potential triggers for a future rally, including a Ripple ETF and regulatory resolutions.
‘Normal’ Correction or Bull Market End for Bitcoin and Crypto?
The landscape in the cryptocurrency space can change drastically in days. Recall that bitcoin tapped a new all-time high of over $108,000 on Tuesday, but its price has slumped to $94,500 since then.
This came after a few remarks by Federal Reserve Chair Jerome Powell, who warned that the central bank could not purchase BTC despite Trump’s promises and that there might not be any more key interest rate reductions in 2025.
With bitcoin reacting the way it did to those comments, this has led to s
XRP experienced a sharp decline, briefly falling below $2.20 following a broader crypto market correction.
Despite the dip many analysts foresee the asset rebounding to targets as high as $5, with some projecting even greater peaks if a FOMO-driven rally occurs.
XRP Follows the Market Decline
Despite the enhanced volatility, the first half of December has been quite successful for Ripple’s XRP. At the start of the month, its price surpassed a multi-year high of $2.80, while at the begi
Bitcoin Could Skyrocket By 25% in Days If History Repeats but There’s a Catch: Data
Bitcoin’s massive rise from under $70,000 to over $108,000 within a month and a half after Donald Trump’s landslide victory in the US presidential elections left some investors outside the circle.
However, the ever-volatile nature of BTC always leads to substantial corrections that provide opportunities for those who missed the initial train to get on board. In the past couple of days, bitcoin’s price tumbled by double-digits, which, according to Santiment, has made the crowd seek to buy the di
Fed Effect: Biggest Net Outflow Day for Bitcoin ETFs Led to Crash Below $96K
Bitcoin’s price actions in the past few days have been nothing short of a substantial correction that pushed it south by around thirteen grand.
It seems Powell’s comments made during the latest FOMC meeting have scared US investors as they pulled over $670 million from the spot Bitcoin ETFs within just a day.
Red Record
After slashing the key interest rates by another 25 basis points, Fed Chair Powell warned that 2025 might not see as many reductions due to the alarming numbers on the inflati
El Salvador’s $1.4 Billion IMF Deal Harms Its Bitcoin Adoption
After agreeing to curtail its ambitious Bitcoin initiatives, El Salvador has reached a $1.4 billion loan arrangement with the International Monetary Fund (IMF).
The agreement, which needs the approval of the IMF Executive Board, aims to support El Salvador’s reform agenda, boost fiscal and external sustainability, and create conditions for stronger, inclusive growth.
IMF Loan Agreement with El Salvador
According to the official press release, the program is expected to catalyze additional fin
Osprey Funds Launches First US Publicly Quoted BNB Trust
Osprey Funds, LLC, a U.S.-based crypto investment firm, has announced that the Osprey BNB Chain Trust is now publicly quoted on the OTCQX® Best Market.
Interestingly, the fund happens to be the first in the US to provide exposure to BNB, the native token of the BNB Chain ecosystem. It aims to offer a way for investors to access the cryptocurrency through traditional brokerage and IRA accounts.
BNB Gains US Accessibility
In its official press release this week, Osprey highlighted that BNB unde