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6 keywords to understand the crypto world in 2024
01 Introduction: The year 2024, which belongs to the crypto world, is a "rational frenzy".
It is neither as absurd and chaotic as 2017, nor as crazy as Zootopia in 2021. If you have to use one word to summarize 2024, except for "rational frenzy", the others seem to be a little bit off. But at the end of 2024, using only one word to describe the crypto world this year is obviously not enough.
It's like you've just watched a long-awaited new movie that got a perfect score. You can't just describe it with the word "good". You want to share everything from the producer to the actors, from the character relationships to the plot settings, from the main plot twists to the subplot reversals, and even the behind-the-scenes and publicity with the people around you without leaving out any details.
It is neither as absurd and chaotic as 2017, nor as crazy as Zootopia in 2021. If you have to use one word to summarize 2024, except for "rational frenzy", the others seem to be a little bit off. But at the end of 2024, using only one word to describe the crypto world this year is obviously not enough.
It's like you've just watched a long-awaited new movie that got a perfect score. You can't just describe it with the word "good". You want to share everything from the producer to the actors, from the character relationships to the plot settings, from the main plot twists to the subplot reversals, and even the behind-the-scenes and publicity with the people around you without leaving out any details.
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🚨Musk: If the DOGE Office plan succeeds, Bitcoin prices may be frustrated rather than boost financial markets
Elon Musk recently warned that the new Department of Government Efficiency (DOGE) he is involved in may slow down the price growth of Bitcoin. As an adviser to the new President Donald Trump, Musk leads the White House Counsel Office DOGE (an acronym for his love for Dogecoin and "Department of Government Efficiency"), with the goal of curbing inflation.
Faced with the US national debt dilemma, Musk said "We either solve this problem or we are actually bankrupt." He also affirmed some proposed plans, such as establishing a Department of Government Efficiency (DOGE) to improve government efficiency, reduce excessive spending, and slow the growth of the federal budget deficit to curb inflation.
We know that high deficits usually lead to inflation because increased government spending speeds up the circulation of money, thereby pushing up prices. In addition, the Federal Reserve will also lead to inflation of the dollar and rising prices by creating new dollars and lending them to banks to buy government debt.
In addition, in response to the optimistic bullish sentiment of X users, Musk said that if the dollar inflation is resolved, the price of buying cryptocurrencies with dollars will fall under other conditions being the same. The key now lies in the ratio of dollars to cryptocurrencies.
This effect is particularly significant in the cryptocurrency market and is clearly reflected in the prices of Bitcoin and other major token pools such as ETH, XRP, SOL and DOGE.
Although not all experts believe that Bitcoin can hedge against dollar inflation, the purchasing power of funds held in the form of BTC will increase significantly over any four-year period, while the inflated dollar will lose its purchasing power parity.
In summary, Musk believes that if the DOGE office plan is successfully implemented, it will have an adverse impact on the price of Bitcoin rather than promote the growth of the financial industry. The reason is that lower deficits and inflation rates will slow down the price increases in traditional financial markets (such as stocks) and cryptocurrency markets (such as Bitcoin).
At the same time, the price of Bitcoin has been falling back all the way to the current level of around $93,000 after falling below the $100,000 mark on Tuesday.
#埃隆马斯克 #比特币 #加密货币
Elon Musk recently warned that the new Department of Government Efficiency (DOGE) he is involved in may slow down the price growth of Bitcoin. As an adviser to the new President Donald Trump, Musk leads the White House Counsel Office DOGE (an acronym for his love for Dogecoin and "Department of Government Efficiency"), with the goal of curbing inflation.
Faced with the US national debt dilemma, Musk said "We either solve this problem or we are actually bankrupt." He also affirmed some proposed plans, such as establishing a Department of Government Efficiency (DOGE) to improve government efficiency, reduce excessive spending, and slow the growth of the federal budget deficit to curb inflation.
We know that high deficits usually lead to inflation because increased government spending speeds up the circulation of money, thereby pushing up prices. In addition, the Federal Reserve will also lead to inflation of the dollar and rising prices by creating new dollars and lending them to banks to buy government debt.
In addition, in response to the optimistic bullish sentiment of X users, Musk said that if the dollar inflation is resolved, the price of buying cryptocurrencies with dollars will fall under other conditions being the same. The key now lies in the ratio of dollars to cryptocurrencies.
This effect is particularly significant in the cryptocurrency market and is clearly reflected in the prices of Bitcoin and other major token pools such as ETH, XRP, SOL and DOGE.
Although not all experts believe that Bitcoin can hedge against dollar inflation, the purchasing power of funds held in the form of BTC will increase significantly over any four-year period, while the inflated dollar will lose its purchasing power parity.
In summary, Musk believes that if the DOGE office plan is successfully implemented, it will have an adverse impact on the price of Bitcoin rather than promote the growth of the financial industry. The reason is that lower deficits and inflation rates will slow down the price increases in traditional financial markets (such as stocks) and cryptocurrency markets (such as Bitcoin).
At the same time, the price of Bitcoin has been falling back all the way to the current level of around $93,000 after falling below the $100,000 mark on Tuesday.
#埃隆马斯克 #比特币 #加密货币
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⚖️Do Kwon case enters pre-trial stage, Terra ecosystem allegations attract attention
There is new progress in the case of Do Kwon, co-founder of Terraform Labs. The pre-trial meeting is scheduled for March 6, 2025, and the latest progress will be announced before February 27.
The US court plans to hold a jury trial on January 26, 2026. Although the judge encouraged him to plead guilty in exchange for a reduced sentence, it now seems likely that the case will go to trial.
Federal prosecutors accuse the Terraform ecosystem of being built on deceptive practices and claim that Do Kwon misrepresented the stability of the algorithmic stablecoin TerraUSD. And the indictment lists his multiple fraud and securities violations.
Do Kwon's defense team believes that Terraform's products were legal and functionally consistent with the description before market sentiment changed. The trial is expected to last four to six weeks, during which basic issues of cryptocurrency classification under US law will also be resolved.
In addition, prosecutors claim that LUNA, the native token of the Terra ecosystem, is a security, a view that, if adopted, could have a significant impact on the entire cryptocurrency industry. However, defense attorneys have a different view.
The case involves 6TB of massive evidence from many sources, including audio recorded without Do Kwon's knowledge, which may raise some procedural issues. Despite the large amount of review materials, the judge still emphasized the need to ensure transparency and fairness in the industry.
Do Kwon is currently being held in Essex County Jail in New Jersey. His legal team also has to deal with the investigation and potential prosecution in South Korea, which is quite complicated. He was previously arrested in Montenegro for using a fake passport and was detained for nearly two years.
The United States and South Korea have been fighting over the extradition of Do Kwon. But at the end of December last year, the Minister of Justice of Montenegro finally decided to extradite him to the United States. In a court appearance on January 2 this year, Do Kwon pleaded not guilty to the charges of the collapse of the Terra ecosystem.
In short, this case not only concerns Do Kwon's personal fate, but will also have a profound impact on the legal status of cryptocurrency and the development of the industry, which deserves our continued attention.
What do you think of the latest developments in the Do Kwon case? Do you think this trial will affect the development of the cryptocurrency industry?
#DoKwon #加密货币 #TerraUSD #LUNA
There is new progress in the case of Do Kwon, co-founder of Terraform Labs. The pre-trial meeting is scheduled for March 6, 2025, and the latest progress will be announced before February 27.
The US court plans to hold a jury trial on January 26, 2026. Although the judge encouraged him to plead guilty in exchange for a reduced sentence, it now seems likely that the case will go to trial.
Federal prosecutors accuse the Terraform ecosystem of being built on deceptive practices and claim that Do Kwon misrepresented the stability of the algorithmic stablecoin TerraUSD. And the indictment lists his multiple fraud and securities violations.
Do Kwon's defense team believes that Terraform's products were legal and functionally consistent with the description before market sentiment changed. The trial is expected to last four to six weeks, during which basic issues of cryptocurrency classification under US law will also be resolved.
In addition, prosecutors claim that LUNA, the native token of the Terra ecosystem, is a security, a view that, if adopted, could have a significant impact on the entire cryptocurrency industry. However, defense attorneys have a different view.
The case involves 6TB of massive evidence from many sources, including audio recorded without Do Kwon's knowledge, which may raise some procedural issues. Despite the large amount of review materials, the judge still emphasized the need to ensure transparency and fairness in the industry.
Do Kwon is currently being held in Essex County Jail in New Jersey. His legal team also has to deal with the investigation and potential prosecution in South Korea, which is quite complicated. He was previously arrested in Montenegro for using a fake passport and was detained for nearly two years.
The United States and South Korea have been fighting over the extradition of Do Kwon. But at the end of December last year, the Minister of Justice of Montenegro finally decided to extradite him to the United States. In a court appearance on January 2 this year, Do Kwon pleaded not guilty to the charges of the collapse of the Terra ecosystem.
In short, this case not only concerns Do Kwon's personal fate, but will also have a profound impact on the legal status of cryptocurrency and the development of the industry, which deserves our continued attention.
What do you think of the latest developments in the Do Kwon case? Do you think this trial will affect the development of the cryptocurrency industry?
#DoKwon #加密货币 #TerraUSD #LUNA
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💰The total net outflow of US BTC spot ETF yesterday was 583 million US dollars, and the total net outflow of Ethereum ETF in a single day was 159 million US dollars
According to the latest data from SoSoValue, the total net outflow of Bitcoin spot ETF in a single day yesterday reached 583 million US dollars, ranking second in the history of total net outflow in a single day.
In terms of capital outflow, Fidelity's Bitcoin spot ETF FBTC, Ark&21shares' ETF ARKB, BlackRock's ETF IBIT, Valkyrie's ETF BRRR and Bitwise's ETF BITB ranked in the top five, with a single-day net outflow of nearly 259 million US dollars, 148 million US dollars, 124 million US dollars, 14.1 million US dollars and 11.26 million US dollars respectively. And among the 12 Bitcoin ETFs, there was no net inflow of funds on that day.
At present, the total net asset value of Bitcoin spot ETF is 106.82 billion US dollars, accounting for 5.74% of the total market value of Bitcoin, and the cumulative total net inflow is 36.37 billion US dollars.
On the same day, the total net outflow of Ethereum spot ETF was 159 million US dollars, which also ranked second in the history of total net outflow in a single day.
In terms of capital outflow, Fidelity's Ethereum spot ETF FETH, Grayscale's Ethereum Trust ETF ETHE and its mini trust ETF ETH had a single-day net outflow of nearly 1.48 US dollars, 8.26 million US dollars and 3.4 million US dollars respectively. And among the 9 Ethereum ETFs, there was no net inflow of funds on that day.
At present, the total net asset value of Ethereum spot ETF is 11.74 billion US dollars, accounting for 2.97% of the total market value of Ethereum, and the total net inflow in history is 2.52 billion US dollars.
The above phenomenon reflects that the market's investment sentiment for cryptocurrencies has cooled down, and investors may be cautious about the current market environment. Investors need to pay close attention to market dynamics and rationally analyze the potential changes in the market conditions of various assets.
#比特币ETF #以太坊ETF #资金流入
According to the latest data from SoSoValue, the total net outflow of Bitcoin spot ETF in a single day yesterday reached 583 million US dollars, ranking second in the history of total net outflow in a single day.
In terms of capital outflow, Fidelity's Bitcoin spot ETF FBTC, Ark&21shares' ETF ARKB, BlackRock's ETF IBIT, Valkyrie's ETF BRRR and Bitwise's ETF BITB ranked in the top five, with a single-day net outflow of nearly 259 million US dollars, 148 million US dollars, 124 million US dollars, 14.1 million US dollars and 11.26 million US dollars respectively. And among the 12 Bitcoin ETFs, there was no net inflow of funds on that day.
At present, the total net asset value of Bitcoin spot ETF is 106.82 billion US dollars, accounting for 5.74% of the total market value of Bitcoin, and the cumulative total net inflow is 36.37 billion US dollars.
On the same day, the total net outflow of Ethereum spot ETF was 159 million US dollars, which also ranked second in the history of total net outflow in a single day.
In terms of capital outflow, Fidelity's Ethereum spot ETF FETH, Grayscale's Ethereum Trust ETF ETHE and its mini trust ETF ETH had a single-day net outflow of nearly 1.48 US dollars, 8.26 million US dollars and 3.4 million US dollars respectively. And among the 9 Ethereum ETFs, there was no net inflow of funds on that day.
At present, the total net asset value of Ethereum spot ETF is 11.74 billion US dollars, accounting for 2.97% of the total market value of Ethereum, and the total net inflow in history is 2.52 billion US dollars.
The above phenomenon reflects that the market's investment sentiment for cryptocurrencies has cooled down, and investors may be cautious about the current market environment. Investors need to pay close attention to market dynamics and rationally analyze the potential changes in the market conditions of various assets.
#比特币ETF #以太坊ETF #资金流入
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🤔 On-chain indicators show signs of accumulation by long-term holders, but analysts have differing views on market trends
Recently, Bitcoin prices have shown a moderate upward trend, and the group of long-term holders has gradually increased their holdings. On-chain analysis expert Axel Adler Jr. pointed out that despite continuous market volatility, the supply of Bitcoin by long-term holders is indeed on the rise. This phenomenon may indicate that Bitcoin prices are about to experience a new round of significant increases, reminiscent of historical bullish markets.
Currently, over 90% of the total Bitcoin supply is in profit, and market sentiment is generally positive. In the absence of obvious adverse factors, the market is expected to welcome a bullish trend similar to that of 2017.
Although Bitcoin prices have recently retraced, raising doubts about the bullish outlook, there is no need to worry excessively. Many investors remain optimistic, and Bitcoin's trading volume has even increased by nearly 31% in the past 24 hours, indicating that market activity is still strong.
However, according to cryptocurrency analyst Ali Martinez, this recent drop in Bitcoin prices might lead to a bearish head and shoulders pattern. He pointed out that Bitcoin has broken below the previously established support line between $95,400 and $98,400, where approximately 1.8 million addresses purchased over 1.5 million Bitcoins.
Therefore, he believes that $92,000 is a very important support level moving forward, and if it breaks below this price, Bitcoin could further decline to $74,000, as there has been rapid price increases since the U.S. elections, with relatively few support levels before the $74,000 mark.
💬 What are everyone's views on the upcoming trends for Bitcoin? If it were you, would you choose to increase, decrease, or hold your position at this stage?
#比特币 #加密货币 #投资趋势 #市场分析 #长期持有者
Recently, Bitcoin prices have shown a moderate upward trend, and the group of long-term holders has gradually increased their holdings. On-chain analysis expert Axel Adler Jr. pointed out that despite continuous market volatility, the supply of Bitcoin by long-term holders is indeed on the rise. This phenomenon may indicate that Bitcoin prices are about to experience a new round of significant increases, reminiscent of historical bullish markets.
Currently, over 90% of the total Bitcoin supply is in profit, and market sentiment is generally positive. In the absence of obvious adverse factors, the market is expected to welcome a bullish trend similar to that of 2017.
Although Bitcoin prices have recently retraced, raising doubts about the bullish outlook, there is no need to worry excessively. Many investors remain optimistic, and Bitcoin's trading volume has even increased by nearly 31% in the past 24 hours, indicating that market activity is still strong.
However, according to cryptocurrency analyst Ali Martinez, this recent drop in Bitcoin prices might lead to a bearish head and shoulders pattern. He pointed out that Bitcoin has broken below the previously established support line between $95,400 and $98,400, where approximately 1.8 million addresses purchased over 1.5 million Bitcoins.
Therefore, he believes that $92,000 is a very important support level moving forward, and if it breaks below this price, Bitcoin could further decline to $74,000, as there has been rapid price increases since the U.S. elections, with relatively few support levels before the $74,000 mark.
💬 What are everyone's views on the upcoming trends for Bitcoin? If it were you, would you choose to increase, decrease, or hold your position at this stage?
#比特币 #加密货币 #投资趋势 #市场分析 #长期持有者
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To promote comprehensive digital transformation, China places blockchain technology at the core of its national data strategy.
China's recently released (National Data Infrastructure Construction Guidelines) places blockchain technology at the core of its national data strategy, aiming to enhance data security, transparency, and scalability as a vital component of its broader digital transformation strategy.
Agencies such as the National Development and Reform Commission emphasize in the guidelines that blockchain technology is key to achieving trusted data exchange across industries and regions.
The document suggests that with the establishment of a nationwide comprehensive data market in China, blockchain networks will play a crucial role in supporting the secure circulation of data, ensuring data traceability, and preventing data tampering.
Agencies such as the National Development and Reform Commission emphasize in the guidelines that blockchain technology is key to achieving trusted data exchange across industries and regions.
The document suggests that with the establishment of a nationwide comprehensive data market in China, blockchain networks will play a crucial role in supporting the secure circulation of data, ensuring data traceability, and preventing data tampering.
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📊The decline in government bond yields has triggered market turmoil, and Bitcoin prices have responded by falling?
In the past two days, Bitcoin prices have experienced a maximum drop of nearly 10% on Tuesday and Wednesday, falling from a high of $102,500 to a low of $92,500. Meanwhile, the decline in U.S. government bond yields seems to have had a ripple effect on the entire market.
The drop in bond yields usually indicates a waning interest from investors in risk assets, who turn to seek safer havens. This shift in sentiment may have also impacted cryptocurrencies like Bitcoin, leading to significant price fluctuations.
Bitcoin prices have recently fallen for two consecutive days, likely due to two main reasons;
First, on Tuesday, the decline in U.S. bond prices led to an increase in government bond yields, causing a general drop in risk assets, and the market's excitement about the new administration quickly faded. When the dollar depreciates and prices rise, the coupon and the principal returned at maturity of bonds will depreciate, leading the market to sell these bonds at discounted prices, which results in rising bond yields.
However, when government bond yields soar, market excitement about the new administration quickly diminishes, prompting investors to reassess risks, leading to a drop in prices of high-risk assets like Bitcoin.
Second, the previous surge in Bitcoin prices may have been due to the market's earlier rise based on positive expectations for the new government, and when government bond yields rise or other macroeconomic factors emerge, these expectations are challenged, leading investors to reassess their investment decisions.
Additionally, the Nasdaq Composite Index was also affected, with major tech stocks dropping nearly 2% yesterday, further indicating a decline in overall market risk appetite.
According to new data released by the Institute for Supply Management, economic growth in December was faster than expected, raising concerns about intensifying inflation in the dollar and a loss of confidence in U.S. government bonds.
Nevertheless, several individual and institutional financial analysts have made optimistic predictions for Bitcoin's price in 2025, and the overall sentiment towards Bitcoin's continuous rise since January has also remained relatively bullish. However, in the short term, fluctuations in government bond yields and changes in market sentiment will continue to influence Bitcoin prices.
💬What are your thoughts on the recent fluctuations in Bitcoin prices and changes in government bond yields?
#比特币 #国债收益率 #市场动态
In the past two days, Bitcoin prices have experienced a maximum drop of nearly 10% on Tuesday and Wednesday, falling from a high of $102,500 to a low of $92,500. Meanwhile, the decline in U.S. government bond yields seems to have had a ripple effect on the entire market.
The drop in bond yields usually indicates a waning interest from investors in risk assets, who turn to seek safer havens. This shift in sentiment may have also impacted cryptocurrencies like Bitcoin, leading to significant price fluctuations.
Bitcoin prices have recently fallen for two consecutive days, likely due to two main reasons;
First, on Tuesday, the decline in U.S. bond prices led to an increase in government bond yields, causing a general drop in risk assets, and the market's excitement about the new administration quickly faded. When the dollar depreciates and prices rise, the coupon and the principal returned at maturity of bonds will depreciate, leading the market to sell these bonds at discounted prices, which results in rising bond yields.
However, when government bond yields soar, market excitement about the new administration quickly diminishes, prompting investors to reassess risks, leading to a drop in prices of high-risk assets like Bitcoin.
Second, the previous surge in Bitcoin prices may have been due to the market's earlier rise based on positive expectations for the new government, and when government bond yields rise or other macroeconomic factors emerge, these expectations are challenged, leading investors to reassess their investment decisions.
Additionally, the Nasdaq Composite Index was also affected, with major tech stocks dropping nearly 2% yesterday, further indicating a decline in overall market risk appetite.
According to new data released by the Institute for Supply Management, economic growth in December was faster than expected, raising concerns about intensifying inflation in the dollar and a loss of confidence in U.S. government bonds.
Nevertheless, several individual and institutional financial analysts have made optimistic predictions for Bitcoin's price in 2025, and the overall sentiment towards Bitcoin's continuous rise since January has also remained relatively bullish. However, in the short term, fluctuations in government bond yields and changes in market sentiment will continue to influence Bitcoin prices.
💬What are your thoughts on the recent fluctuations in Bitcoin prices and changes in government bond yields?
#比特币 #国债收益率 #市场动态
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♟️Czech National Bank Governor Considers Including Bitcoin in Central Bank Reserve Strategy
Czech National Bank Governor Aleš Michl recently revealed in an interview with CNN that they are considering buying some Bitcoin as a way to diversify their investments. Although this is only the governor's personal idea at the moment, this signal is enough to make us excited!
Governor Michl suggested that the central bank buying "some Bitcoin" would not be a huge investment for the bank, but the idea has not yet been approved by the board. Board advisor Janis Aliapulios also confirmed that the bank has no plans to buy Bitcoin at present, but Governor Michl is open to diversification in the future.
More interestingly, the Czech central bank also plans to continue its diversification plan by purchasing gold, with the goal of increasing gold holdings to about 5% of total assets by 2028. Imagine if Bitcoin's strong returns can attract the attention of the country's central bank reserves, it may become an important reserve asset after gold.
This is not just a Czech matter. Globally, more and more governments and institutions are reassessing their financial strategies and considering including Bitcoin in them. If Bitcoin does become the main currency for national reserves, it could completely change the global financial landscape and promote a more decentralized and digital approach to economic stability.
The United States is also paying attention to Bitcoin's status as a savings technology, especially the Bitcoin Act, a bill advocated by Senator Cynthia Lummis, which proposes to establish a strategic Bitcoin reserve. If this bill is passed, the price of Bitcoin may usher in a new peak.
Conclusion:
The Czech Republic is considering including Bitcoin in its reserve assets, and its central bank director Aleš Michl is also actively exploring the purchase of Bitcoin. It can be seen that the competition between countries for Bitcoin has quietly begun.
In addition, if Trump promotes Bitcoin as a reserve asset after taking office, other countries around the world are likely to follow suit. If this trend continues, Bitcoin is very likely to enter a super cycle and achieve stable appreciation like gold.
#比特币 #国家储备 #捷克国家银行 #加密货币
Czech National Bank Governor Aleš Michl recently revealed in an interview with CNN that they are considering buying some Bitcoin as a way to diversify their investments. Although this is only the governor's personal idea at the moment, this signal is enough to make us excited!
Governor Michl suggested that the central bank buying "some Bitcoin" would not be a huge investment for the bank, but the idea has not yet been approved by the board. Board advisor Janis Aliapulios also confirmed that the bank has no plans to buy Bitcoin at present, but Governor Michl is open to diversification in the future.
More interestingly, the Czech central bank also plans to continue its diversification plan by purchasing gold, with the goal of increasing gold holdings to about 5% of total assets by 2028. Imagine if Bitcoin's strong returns can attract the attention of the country's central bank reserves, it may become an important reserve asset after gold.
This is not just a Czech matter. Globally, more and more governments and institutions are reassessing their financial strategies and considering including Bitcoin in them. If Bitcoin does become the main currency for national reserves, it could completely change the global financial landscape and promote a more decentralized and digital approach to economic stability.
The United States is also paying attention to Bitcoin's status as a savings technology, especially the Bitcoin Act, a bill advocated by Senator Cynthia Lummis, which proposes to establish a strategic Bitcoin reserve. If this bill is passed, the price of Bitcoin may usher in a new peak.
Conclusion:
The Czech Republic is considering including Bitcoin in its reserve assets, and its central bank director Aleš Michl is also actively exploring the purchase of Bitcoin. It can be seen that the competition between countries for Bitcoin has quietly begun.
In addition, if Trump promotes Bitcoin as a reserve asset after taking office, other countries around the world are likely to follow suit. If this trend continues, Bitcoin is very likely to enter a super cycle and achieve stable appreciation like gold.
#比特币 #国家储备 #捷克国家银行 #加密货币
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📢Global First: Bhutan's Gelephu announces inclusion of Bitcoin in its city strategic reserve
On January 8, 2025, Bhutan's Gelephu Mindfulness City (GMC) announced an innovative move to include digital assets such as Bitcoin (BTC), Ethereum (ETH) and BNB in its city strategic reserve.
This decision also makes GMC one of the first regions/cities in the world to officially include digital assets as strategic reserves, marking the further exploration and confidence of the Special Administrative Region of Bhutan in economic resilience and Bitcoin mining.
It is reported that GMC's strategic reserve plan will focus on digital assets with large market capitalization and excellent liquidity. Such a choice is intended to ensure that the transaction process of assets is simple and fast, while minimizing the impact on the market when asset prices fluctuate.
In addition, GMC also specifically recognizes digital assets issued on mature and secure blockchains, so that the blockchain platform can support the monitoring of related asset transactions, thereby enhancing the security and transparency of GMC's strategic reserves.
It is worth noting that GMC is located on a land bridge connecting the fast-growing economies of South Asia, with a unique geographical advantage to provide relevant services to more than 2 billion people in the region. Officials said that this move will enhance the economic resilience of the administrative region and continue its exploration in the field of Bitcoin mining.
At the same time, GMC also plans to convene a high-level meeting of senior government officials and industry leaders from all over the world in the Kingdom of Bhutan in March 2025 to discuss the inclusion of digital assets in the strategic reserves of a jurisdiction and the establishment of an international advisory group on digital assets for GMC.
The announcement was made after the implementation of GMC Law No. 1 of 2024 on December 26, 2024, which established a corresponding legal and regulatory system for GMC, with the aim of promoting GMC to develop a digital asset ecosystem in an environment of continuous technological advancement and sound regulation.
💬What do you think of Gelephu Mindfulness City's decision to include Bitcoin in its strategic reserves? Does this indicate the growing importance of digital assets in the global economy?
#比特币战略储备 #数字资产 #区块链技术 #不丹
On January 8, 2025, Bhutan's Gelephu Mindfulness City (GMC) announced an innovative move to include digital assets such as Bitcoin (BTC), Ethereum (ETH) and BNB in its city strategic reserve.
This decision also makes GMC one of the first regions/cities in the world to officially include digital assets as strategic reserves, marking the further exploration and confidence of the Special Administrative Region of Bhutan in economic resilience and Bitcoin mining.
It is reported that GMC's strategic reserve plan will focus on digital assets with large market capitalization and excellent liquidity. Such a choice is intended to ensure that the transaction process of assets is simple and fast, while minimizing the impact on the market when asset prices fluctuate.
In addition, GMC also specifically recognizes digital assets issued on mature and secure blockchains, so that the blockchain platform can support the monitoring of related asset transactions, thereby enhancing the security and transparency of GMC's strategic reserves.
It is worth noting that GMC is located on a land bridge connecting the fast-growing economies of South Asia, with a unique geographical advantage to provide relevant services to more than 2 billion people in the region. Officials said that this move will enhance the economic resilience of the administrative region and continue its exploration in the field of Bitcoin mining.
At the same time, GMC also plans to convene a high-level meeting of senior government officials and industry leaders from all over the world in the Kingdom of Bhutan in March 2025 to discuss the inclusion of digital assets in the strategic reserves of a jurisdiction and the establishment of an international advisory group on digital assets for GMC.
The announcement was made after the implementation of GMC Law No. 1 of 2024 on December 26, 2024, which established a corresponding legal and regulatory system for GMC, with the aim of promoting GMC to develop a digital asset ecosystem in an environment of continuous technological advancement and sound regulation.
💬What do you think of Gelephu Mindfulness City's decision to include Bitcoin in its strategic reserves? Does this indicate the growing importance of digital assets in the global economy?
#比特币战略储备 #数字资产 #区块链技术 #不丹
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💰 US BTC spot ETF continued to have net inflows on Tuesday, while Ethereum ETF saw net outflows
According to the latest data from SoSoValue, the total net inflow of Bitcoin spot ETFs yesterday was US$52.39 million, achieving net inflows for three consecutive days after last Friday.
In terms of capital inflows, BlackRock's Bitcoin spot ETF IBIT had a total net inflow of US$596 million per day, and its cumulative net inflow was US$37.97 billion.
Ark&21shares' Bitcoin spot ETF ARKB, Grayscale's ETF GBTC, Bitwise's ETF BIBT, Fidelity's ETF FBTC, and Franklin's ETF EZBC achieved net outflows of nearly US$213 million, US$125 million, US$114 million, US$86.29 million, and US$5.58 million, respectively, in a single day.
At present, the total net asset value of Bitcoin spot ETF is 110.11 billion US dollars, accounting for 5.76% of the total market value of Bitcoin, and the cumulative total net inflow is 36.95 billion US dollars.
On the same day, the Ethereum spot ETF experienced a net outflow, with a total net outflow of 86.79 million US dollars per day.
In terms of capital outflow, Fidelity's Ethereum spot ETF FETH, Grayscale's Ethereum Mini Trust ETF ETH, and its trust ETF ETHE had a single-day net outflow of 67.64 million US dollars, 11.19 million US dollars, and 7.96 million US dollars, respectively. And among the 9 Ethereum ETFs, there was no net inflow of funds on that day.
At present, the total net asset value of Ethereum spot ETF is 12.28 billion US dollars, accounting for 3.00% of the total market value of Ethereum, and the historical cumulative total net inflow is 2.68 billion US dollars.
In general, the trend of ETFs in the cryptocurrency market shows a differentiated trend. Investors need to pay close attention to market dynamics and rationally analyze the potential changes in the market of various assets.
#比特币ETF #以太坊ETF #资金流入
According to the latest data from SoSoValue, the total net inflow of Bitcoin spot ETFs yesterday was US$52.39 million, achieving net inflows for three consecutive days after last Friday.
In terms of capital inflows, BlackRock's Bitcoin spot ETF IBIT had a total net inflow of US$596 million per day, and its cumulative net inflow was US$37.97 billion.
Ark&21shares' Bitcoin spot ETF ARKB, Grayscale's ETF GBTC, Bitwise's ETF BIBT, Fidelity's ETF FBTC, and Franklin's ETF EZBC achieved net outflows of nearly US$213 million, US$125 million, US$114 million, US$86.29 million, and US$5.58 million, respectively, in a single day.
At present, the total net asset value of Bitcoin spot ETF is 110.11 billion US dollars, accounting for 5.76% of the total market value of Bitcoin, and the cumulative total net inflow is 36.95 billion US dollars.
On the same day, the Ethereum spot ETF experienced a net outflow, with a total net outflow of 86.79 million US dollars per day.
In terms of capital outflow, Fidelity's Ethereum spot ETF FETH, Grayscale's Ethereum Mini Trust ETF ETH, and its trust ETF ETHE had a single-day net outflow of 67.64 million US dollars, 11.19 million US dollars, and 7.96 million US dollars, respectively. And among the 9 Ethereum ETFs, there was no net inflow of funds on that day.
At present, the total net asset value of Ethereum spot ETF is 12.28 billion US dollars, accounting for 3.00% of the total market value of Ethereum, and the historical cumulative total net inflow is 2.68 billion US dollars.
In general, the trend of ETFs in the cryptocurrency market shows a differentiated trend. Investors need to pay close attention to market dynamics and rationally analyze the potential changes in the market of various assets.
#比特币ETF #以太坊ETF #资金流入
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🎉Bitcoin leaps to become the seventh largest asset globally, marking the official start of a new era for cryptocurrency!
In 2024, Bitcoin not only shook the financial world but also soared to become the seventh largest asset globally, with a peak price of $108,000, achieving a staggering increase of 120% this year!
At the same time, Bitcoin's market capitalization surpasses heavyweight assets like silver and Saudi Aramco (the national oil company of Saudi Arabia), signifying the growing importance of digital assets in traditional financial markets.
Bitcoin ETFs played a key role in last year's bullish market, becoming an important force driving market growth. They made it easy for large institutions to invest in Bitcoin, creating a convenient bridge between traditional finance and cryptocurrency. This not only boosted Bitcoin's credibility but also led more people to view it as a legitimate investment asset rather than just a speculative tool.
Moreover, cryptocurrency is quietly driving advancements across other sectors. Stablecoins, such as Ethena's USDe, have not only laid a stable foundation for decentralized finance (DeFi) systems but also significantly enhanced the operational efficiency and risk management capabilities of merchants and platforms through the application of artificial intelligence technology. These innovations have made the cryptocurrency market more accessible and user-friendly for both individual investors and institutional participants.
Although 2024 is undoubtedly a fruitful year for Bitcoin, market volatility is an inherent characteristic, with price fluctuations as inevitable as the laws of nature. In this regard, analysts remind us that maintaining an open mindset is crucial in this uncertain field. Continuous learning and experience accumulation will help us keenly capture opportunities and effectively avoid potential risks.
In summary, Bitcoin's strong annual growth and the ongoing development in the cryptocurrency space undoubtedly present us with a hopeful vision for 2025.
What are your thoughts on this? Has Bitcoin's rise made you more optimistic about the future of cryptocurrency? Or do you have unique insights to share?
#比特币 #加密货币 #金融创新
In 2024, Bitcoin not only shook the financial world but also soared to become the seventh largest asset globally, with a peak price of $108,000, achieving a staggering increase of 120% this year!
At the same time, Bitcoin's market capitalization surpasses heavyweight assets like silver and Saudi Aramco (the national oil company of Saudi Arabia), signifying the growing importance of digital assets in traditional financial markets.
Bitcoin ETFs played a key role in last year's bullish market, becoming an important force driving market growth. They made it easy for large institutions to invest in Bitcoin, creating a convenient bridge between traditional finance and cryptocurrency. This not only boosted Bitcoin's credibility but also led more people to view it as a legitimate investment asset rather than just a speculative tool.
Moreover, cryptocurrency is quietly driving advancements across other sectors. Stablecoins, such as Ethena's USDe, have not only laid a stable foundation for decentralized finance (DeFi) systems but also significantly enhanced the operational efficiency and risk management capabilities of merchants and platforms through the application of artificial intelligence technology. These innovations have made the cryptocurrency market more accessible and user-friendly for both individual investors and institutional participants.
Although 2024 is undoubtedly a fruitful year for Bitcoin, market volatility is an inherent characteristic, with price fluctuations as inevitable as the laws of nature. In this regard, analysts remind us that maintaining an open mindset is crucial in this uncertain field. Continuous learning and experience accumulation will help us keenly capture opportunities and effectively avoid potential risks.
In summary, Bitcoin's strong annual growth and the ongoing development in the cryptocurrency space undoubtedly present us with a hopeful vision for 2025.
What are your thoughts on this? Has Bitcoin's rise made you more optimistic about the future of cryptocurrency? Or do you have unique insights to share?
#比特币 #加密货币 #金融创新
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👋 Federal Reserve Vice Chair Michael Barr Resigns Amidst Cryptocurrency Policy Controversy
Federal Reserve Vice Chair Michael Barr announced he would resign before President Trump's inauguration following a series of controversies. This is not just a position change; it may signal a new chapter in cryptocurrency regulation.
Barr has served as the Federal Reserve's Vice Chair for Supervision since July 2022. This office was established after the 2008 global financial crisis to provide more transparency and accountability for the U.S. central bank's oversight and regulation of the financial system.
During his tenure, Barr has taken a conservative stance on cryptocurrencies, and his policies have been criticized for restricting U.S. banks' involvement in digital assets. He has warned that banks directly holding crypto assets could be "unsafe and unsound," which has sparked discontent in the crypto community and is seen as hindering the U.S. development in this field.
Recently disclosed documents suggest that Barr may have participated in coordinated actions aimed at limiting banks' involvement in cryptocurrency activities. These documents stem from a legal lawsuit by Coinbase, revealing possible regulatory overreach during Barr's tenure, including restrictions on banks' interactions in areas such as Bitcoin trading and custody services.
During a hearing before the House Financial Services Committee, Federal Reserve Vice Chair Michael Barr faced severe criticism. Iowa Congressman Zach Nunn accused Barr of participating in an anti-cryptocurrency movement that has caused the U.S. to fall behind in the digital assets space. Wyoming Senator Cynthia Lummis, a supporter of cryptocurrencies, also criticized Barr for illegally expanding the Federal Reserve's powers, which harmed Wyoming's digital asset industry.
Barr's departure follows the victory of President Trump and marks the resignation of another anti-cryptocurrency official. Previously, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler also announced his resignation. Barr's exit could represent a new turning point for the cryptocurrency industry.
In summary, Barr's resignation is a significant event for the cryptocurrency industry, as it may herald a new chapter in U.S. cryptocurrency regulation. We hope the new government can create a fairer and more open development environment for the cryptocurrency industry.
💬 What are your thoughts? Do you think Barr's resignation is another major positive for the cryptocurrency industry?
#Barr辞职 #加密货币监管 #美联储动态
Federal Reserve Vice Chair Michael Barr announced he would resign before President Trump's inauguration following a series of controversies. This is not just a position change; it may signal a new chapter in cryptocurrency regulation.
Barr has served as the Federal Reserve's Vice Chair for Supervision since July 2022. This office was established after the 2008 global financial crisis to provide more transparency and accountability for the U.S. central bank's oversight and regulation of the financial system.
During his tenure, Barr has taken a conservative stance on cryptocurrencies, and his policies have been criticized for restricting U.S. banks' involvement in digital assets. He has warned that banks directly holding crypto assets could be "unsafe and unsound," which has sparked discontent in the crypto community and is seen as hindering the U.S. development in this field.
Recently disclosed documents suggest that Barr may have participated in coordinated actions aimed at limiting banks' involvement in cryptocurrency activities. These documents stem from a legal lawsuit by Coinbase, revealing possible regulatory overreach during Barr's tenure, including restrictions on banks' interactions in areas such as Bitcoin trading and custody services.
During a hearing before the House Financial Services Committee, Federal Reserve Vice Chair Michael Barr faced severe criticism. Iowa Congressman Zach Nunn accused Barr of participating in an anti-cryptocurrency movement that has caused the U.S. to fall behind in the digital assets space. Wyoming Senator Cynthia Lummis, a supporter of cryptocurrencies, also criticized Barr for illegally expanding the Federal Reserve's powers, which harmed Wyoming's digital asset industry.
Barr's departure follows the victory of President Trump and marks the resignation of another anti-cryptocurrency official. Previously, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler also announced his resignation. Barr's exit could represent a new turning point for the cryptocurrency industry.
In summary, Barr's resignation is a significant event for the cryptocurrency industry, as it may herald a new chapter in U.S. cryptocurrency regulation. We hope the new government can create a fairer and more open development environment for the cryptocurrency industry.
💬 What are your thoughts? Do you think Barr's resignation is another major positive for the cryptocurrency industry?
#Barr辞职 #加密货币监管 #美联储动态
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🌐 As Trump Takes Office, CFTC Chairman Announces Resignation
As Trump is about to begin his new term, Rostin Behnam, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), announced that he will resign from his position on January 20, the day of Trump's inauguration. During Behnam's tenure, the CFTC made significant progress in the field of cryptocurrency regulation, laying the groundwork for future regulatory work.
While Behnam's regulatory strategy was not as aggressive as that of SEC Chairman Gary Gensler, he consistently insisted on the need for enhanced comprehensive regulation of the digital asset market and promoted collaboration among regulatory agencies to bridge regulatory gaps.
Under Behnam's leadership, the CFTC implemented major enforcement actions in the cryptocurrency space, including playing a key role in the record $4.3 billion fine against Binance and securing a $5 million settlement from Gemini co-founders Tyler Winklevoss and Cameron Winklevoss.
At the same time, the legal actions taken by the CFTC against collapsed crypto companies such as FTX and Celsius Network also demonstrated Behnam's commitment to maintaining market integrity. As Behnam is set to leave, speculation about the new CFTC chair is rife, with Trump likely to nominate a successor who is friendly to cryptocurrencies.
Currently, Republican commissioners Summer Mersinger and Caroline Pham, as well as former CFTC commissioner Brian Quintenz, are potential candidates. Quintenz is known for advocating clear rules for emerging technologies during his tenure, and he promoted the development of tokenized commodities and decentralized finance, making him a strong contender for the CFTC chair position. Quintenz currently serves as the policy head for Andreessen Horowitz's crypto division a16z.
In summary, Trump's presidency triggers changes in the CFTC leadership, and Behnam's departure leaves a profound mark on cryptocurrency regulation. The potential candidates Summer Mersinger, Caroline Pham, and Brian Quintenz are receiving attention and may reshape the regulatory landscape for cryptocurrencies, with the future direction of the market eagerly anticipated.
💬 What are your thoughts on the potential candidates for the new CFTC chair? Do you prefer experienced veterans or newcomers who may bring fresh ideas to lead the regulation of the cryptocurrency market? Leave your opinions in the comments!
#特朗普上任 #加密货币监管 #Behnam任期
As Trump is about to begin his new term, Rostin Behnam, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), announced that he will resign from his position on January 20, the day of Trump's inauguration. During Behnam's tenure, the CFTC made significant progress in the field of cryptocurrency regulation, laying the groundwork for future regulatory work.
While Behnam's regulatory strategy was not as aggressive as that of SEC Chairman Gary Gensler, he consistently insisted on the need for enhanced comprehensive regulation of the digital asset market and promoted collaboration among regulatory agencies to bridge regulatory gaps.
Under Behnam's leadership, the CFTC implemented major enforcement actions in the cryptocurrency space, including playing a key role in the record $4.3 billion fine against Binance and securing a $5 million settlement from Gemini co-founders Tyler Winklevoss and Cameron Winklevoss.
At the same time, the legal actions taken by the CFTC against collapsed crypto companies such as FTX and Celsius Network also demonstrated Behnam's commitment to maintaining market integrity. As Behnam is set to leave, speculation about the new CFTC chair is rife, with Trump likely to nominate a successor who is friendly to cryptocurrencies.
Currently, Republican commissioners Summer Mersinger and Caroline Pham, as well as former CFTC commissioner Brian Quintenz, are potential candidates. Quintenz is known for advocating clear rules for emerging technologies during his tenure, and he promoted the development of tokenized commodities and decentralized finance, making him a strong contender for the CFTC chair position. Quintenz currently serves as the policy head for Andreessen Horowitz's crypto division a16z.
In summary, Trump's presidency triggers changes in the CFTC leadership, and Behnam's departure leaves a profound mark on cryptocurrency regulation. The potential candidates Summer Mersinger, Caroline Pham, and Brian Quintenz are receiving attention and may reshape the regulatory landscape for cryptocurrencies, with the future direction of the market eagerly anticipated.
💬 What are your thoughts on the potential candidates for the new CFTC chair? Do you prefer experienced veterans or newcomers who may bring fresh ideas to lead the regulation of the cryptocurrency market? Leave your opinions in the comments!
#特朗普上任 #加密货币监管 #Behnam任期
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📈Trump's Return to the White House: A New Opportunity for the Cryptocurrency Industry?
Bitwise CEO Hunter Horsley recently shared his views on the changes that the Trump administration might bring to the cryptocurrency industry. He believes that Trump's policies could elevate our industry to new heights!
First, Trump may relax merger regulations, which means that large companies in the U.S. can expand their businesses through acquisitions. According to analysts, if Amazon acquires Instacart or Google acquires Uber, this could make large companies even larger while mid-sized companies may shrink. But this is good news for us, as large companies could drive the adoption of decentralized systems, which is beneficial for the cryptocurrency sector.
He also mentioned that if large companies accumulate more control, the demand for cryptocurrency could soar, as digital assets could serve as alternatives for these institutions.
For example, Amazon and Google have already invested heavily in blockchain technology; Amazon has launched its own blockchain service, and Google is promoting the integration of blockchain technology into their cloud infrastructure.
Horsley's comments come at a time when the cryptocurrency market is basking in the positive momentum brought by Trump. Looking back, since Trump's election, the price of Bitcoin has risen from around $69,000 in early November to over $100,000 in early December! Even though the market experienced fluctuations and corrections in December, by the second week of 2025, Bitcoin once again firmly stood at the critical $100,000 mark and resumed its upward trend.
In summary, Hunter Horsley's perspective provides us with a new lens to consider the relationship between the Trump administration and the cryptocurrency industry. While uncertainties exist, the policy direction of the Trump administration could indeed have a significant impact on the cryptocurrency sector.
💬What do you think? Will Trump's return bring a wave of mergers and acquisitions to the cryptocurrency industry? Share your thoughts in the comments!
#特朗普 #加密货币 #BitwiseCEO预测 #并购潮
Bitwise CEO Hunter Horsley recently shared his views on the changes that the Trump administration might bring to the cryptocurrency industry. He believes that Trump's policies could elevate our industry to new heights!
First, Trump may relax merger regulations, which means that large companies in the U.S. can expand their businesses through acquisitions. According to analysts, if Amazon acquires Instacart or Google acquires Uber, this could make large companies even larger while mid-sized companies may shrink. But this is good news for us, as large companies could drive the adoption of decentralized systems, which is beneficial for the cryptocurrency sector.
He also mentioned that if large companies accumulate more control, the demand for cryptocurrency could soar, as digital assets could serve as alternatives for these institutions.
For example, Amazon and Google have already invested heavily in blockchain technology; Amazon has launched its own blockchain service, and Google is promoting the integration of blockchain technology into their cloud infrastructure.
Horsley's comments come at a time when the cryptocurrency market is basking in the positive momentum brought by Trump. Looking back, since Trump's election, the price of Bitcoin has risen from around $69,000 in early November to over $100,000 in early December! Even though the market experienced fluctuations and corrections in December, by the second week of 2025, Bitcoin once again firmly stood at the critical $100,000 mark and resumed its upward trend.
In summary, Hunter Horsley's perspective provides us with a new lens to consider the relationship between the Trump administration and the cryptocurrency industry. While uncertainties exist, the policy direction of the Trump administration could indeed have a significant impact on the cryptocurrency sector.
💬What do you think? Will Trump's return bring a wave of mergers and acquisitions to the cryptocurrency industry? Share your thoughts in the comments!
#特朗普 #加密货币 #BitwiseCEO预测 #并购潮
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🧐 Cryptocurrency ETFs get off to a strong start in 2025, observing the development prospects of the Bitcoin spot market
Cryptocurrency ETFs are off to a strong start in 2025, attracting $585 million in net inflows in the first 3 days alone. Throughout 2024, Bitcoin spot ETFs ushered in a staggering inflow of $44.2 billion, which is more than four times the total inflow of all Bitcoin and cryptocurrency ETPs in 2021 of $10.5 billion. This significant increase in capital inflows shows the market’s strong interest and confidence in cryptocurrencies.
Although some people are skeptical of these capital inflows and are not even optimistic about Bitcoin, the Bitcoin spot ETF has received a net inflow of US$38 billion in less than a year since it went online in 2024. In comparison, it took the gold ETF (IAU) 20 years to reach approximately US$33.2 billion in assets under management (AUM) since it was launched for trading in 2005. Bitcoin has surpassed the size of gold ETFs in less than a year, which fully demonstrates the huge potential and market prospects of Bitcoin.
At present, most of the investors who buy Bitcoin spot ETFs are smart funds, institutions, venture capital and investment banks. They obviously see the trend and potential of Bitcoin. Faced with such strong data, should we still doubt the future development prospects and value of Bitcoin?
If you still have doubts about Bitcoin in 2025, you might as well consider the relationship between gold ETFs and Bitcoin ETFs. The current price of Bitcoin may seem high, but if the price of Bitcoin climbs to 200,000, 300,000, 500,000 or even 1 million US dollars in the future, you may not feel expensive when you look back at the current price of 100,000 US dollars. Just as when Bitcoin exceeded US$20,000 for the first time, many people felt that Bitcoin was seriously overvalued. However, now it seems that Bitcoin at US$20,000 already looks extremely cheap.
💬What do you think of the development prospects of Bitcoin spot ETFs? How high do you think the market price of Bitcoin will reach in this cycle? Leave your views in the comment section.
#加密货币ETP #比特币现ETF #黄ETF #比特币前景
Cryptocurrency ETFs are off to a strong start in 2025, attracting $585 million in net inflows in the first 3 days alone. Throughout 2024, Bitcoin spot ETFs ushered in a staggering inflow of $44.2 billion, which is more than four times the total inflow of all Bitcoin and cryptocurrency ETPs in 2021 of $10.5 billion. This significant increase in capital inflows shows the market’s strong interest and confidence in cryptocurrencies.
Although some people are skeptical of these capital inflows and are not even optimistic about Bitcoin, the Bitcoin spot ETF has received a net inflow of US$38 billion in less than a year since it went online in 2024. In comparison, it took the gold ETF (IAU) 20 years to reach approximately US$33.2 billion in assets under management (AUM) since it was launched for trading in 2005. Bitcoin has surpassed the size of gold ETFs in less than a year, which fully demonstrates the huge potential and market prospects of Bitcoin.
At present, most of the investors who buy Bitcoin spot ETFs are smart funds, institutions, venture capital and investment banks. They obviously see the trend and potential of Bitcoin. Faced with such strong data, should we still doubt the future development prospects and value of Bitcoin?
If you still have doubts about Bitcoin in 2025, you might as well consider the relationship between gold ETFs and Bitcoin ETFs. The current price of Bitcoin may seem high, but if the price of Bitcoin climbs to 200,000, 300,000, 500,000 or even 1 million US dollars in the future, you may not feel expensive when you look back at the current price of 100,000 US dollars. Just as when Bitcoin exceeded US$20,000 for the first time, many people felt that Bitcoin was seriously overvalued. However, now it seems that Bitcoin at US$20,000 already looks extremely cheap.
💬What do you think of the development prospects of Bitcoin spot ETFs? How high do you think the market price of Bitcoin will reach in this cycle? Leave your views in the comment section.
#加密货币ETP #比特币现ETF #黄ETF #比特币前景
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💰The US BTC spot ETF saw a net inflow of $987 million on Monday, while the Ethereum ETF had a net inflow of nearly $129 million.
According to the latest data from SoSoValue, the Bitcoin spot ETF achieved a single-day total net inflow of $987 million yesterday, marking two consecutive days of net inflows following last Friday.
In terms of fund inflows, Fidelity's Bitcoin spot ETF FBTC, BlackRock's ETF IBIT, Ark 21Shares' ETF ARKB, Grayscale's Bitcoin Mini Trust ETF BTC, and its Trust ETF GBTC ranked in the top five. They achieved net inflows of $370 million, $209 million, $153 million, $75.23 million, and $73.79 million respectively in a single day. Additionally, none of the 12 Bitcoin spot ETFs experienced net outflows that day.
Currently, the total net asset value of Bitcoin spot ETFs has reached $116.67 billion, accounting for 5.77% of the total Bitcoin market capitalization, with a cumulative total net inflow of $36.9 billion.
On the same day, the Ethereum spot ETF had a single-day total net inflow of nearly $129 million, also achieving two consecutive days of net inflows.
In terms of fund inflows, BlackRock's Ethereum spot ETF ETHA had a single-day net inflow of $124 million, with a cumulative net inflow of $3.68 billion; Fidelity's Ethereum spot ETF FETH had a single-day net inflow of $4.62 million, with a cumulative net inflow of $1.61 billion. Moreover, none of the 9 Ethereum ETFs experienced net outflows that day.
Currently, the total net asset value of Ethereum spot ETFs is $13.47 billion, accounting for 3.03% of the total Ethereum market capitalization, with a historical cumulative total net inflow of $2.77 billion.
Conclusion:
With the US BTC spot ETF and Ethereum ETF both showing strong fund inflow trends, Bitcoin successfully broke through the $100,000 mark on Monday.
Against this backdrop, market enthusiasm for cryptocurrency investment is expected to continue to heat up, especially through ETFs, which offer a relatively standardized and convenient investment channel.
However, investors should also fully recognize the high volatility and uncertainty of the cryptocurrency market, especially when engaging in high-risk operations such as leveraged contracts, and should be well-prepared to manage risks.
#比特币ETF #以太坊ETF #资金流入
According to the latest data from SoSoValue, the Bitcoin spot ETF achieved a single-day total net inflow of $987 million yesterday, marking two consecutive days of net inflows following last Friday.
In terms of fund inflows, Fidelity's Bitcoin spot ETF FBTC, BlackRock's ETF IBIT, Ark 21Shares' ETF ARKB, Grayscale's Bitcoin Mini Trust ETF BTC, and its Trust ETF GBTC ranked in the top five. They achieved net inflows of $370 million, $209 million, $153 million, $75.23 million, and $73.79 million respectively in a single day. Additionally, none of the 12 Bitcoin spot ETFs experienced net outflows that day.
Currently, the total net asset value of Bitcoin spot ETFs has reached $116.67 billion, accounting for 5.77% of the total Bitcoin market capitalization, with a cumulative total net inflow of $36.9 billion.
On the same day, the Ethereum spot ETF had a single-day total net inflow of nearly $129 million, also achieving two consecutive days of net inflows.
In terms of fund inflows, BlackRock's Ethereum spot ETF ETHA had a single-day net inflow of $124 million, with a cumulative net inflow of $3.68 billion; Fidelity's Ethereum spot ETF FETH had a single-day net inflow of $4.62 million, with a cumulative net inflow of $1.61 billion. Moreover, none of the 9 Ethereum ETFs experienced net outflows that day.
Currently, the total net asset value of Ethereum spot ETFs is $13.47 billion, accounting for 3.03% of the total Ethereum market capitalization, with a historical cumulative total net inflow of $2.77 billion.
Conclusion:
With the US BTC spot ETF and Ethereum ETF both showing strong fund inflow trends, Bitcoin successfully broke through the $100,000 mark on Monday.
Against this backdrop, market enthusiasm for cryptocurrency investment is expected to continue to heat up, especially through ETFs, which offer a relatively standardized and convenient investment channel.
However, investors should also fully recognize the high volatility and uncertainty of the cryptocurrency market, especially when engaging in high-risk operations such as leveraged contracts, and should be well-prepared to manage risks.
#比特币ETF #以太坊ETF #资金流入
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Marathon lends out 16% of its Bitcoin reserves to explore new paths for profit🏃♂️
Recently, Marathon has lent out about 16% of its Bitcoin reserves, specifically 7,377 BTC, which is worth up to $730 million at current prices!
Although they did not disclose the identity of the borrower, they stated that these are “temporarily lent to a third party.” The goal is to generate profits to cover operational costs.
As of December 31, Marathon's total Bitcoin reserves, including loans, amounted to 44,893 BTC, valued at approximately $4.4 billion. They mined 9,457 BTC in 2024 and additionally purchased 22,065 BTC at an average price of $87,205.
Their CEO, Fred Thiel, stated that their mining operation's current hash rate has exceeded the target of 50 EH/s by the end of the year, while also planning to improve the efficiency of mining machines to 20 J/TH.
Furthermore, Marathon's stock (MARA) has risen nearly 20% in cumulative trading on Friday and Monday, with the current price reaching $29.55. Last December, MicroStrategy's Michael Saylor even predicted that Marathon might be the next Bitcoin company to join the Nasdaq 100 index.
From the perspective of the mining ecosystem, this is a fiercely competitive and tough business, with block subsidies halving every four years. The last halving occurred in April 2024, when the block reward dropped to 3.125 BTC.
However, the Bitcoin hash rate (i.e., network computing power) reached a historical high of 1000 EH/s on January 2. Nevertheless, according to data from the Hashrate Index, the Bitcoin hash price index remained low at $0.056 TH/S on the same day.
This phenomenon indicates that while the computing power of the Bitcoin network has reached unprecedented heights, the earnings for miners per unit of computing power remain at a low level.
Therefore, Marathon has taken bold measures in its Bitcoin holding strategy, aiming to find the best balance between mining profits and corporate operational costs by lending out a portion of its Bitcoin reserves.
💬 What are your thoughts on their lending strategy and the future of Bitcoin mining?
#Marathon #比特币 #BTC挖矿
Recently, Marathon has lent out about 16% of its Bitcoin reserves, specifically 7,377 BTC, which is worth up to $730 million at current prices!
Although they did not disclose the identity of the borrower, they stated that these are “temporarily lent to a third party.” The goal is to generate profits to cover operational costs.
As of December 31, Marathon's total Bitcoin reserves, including loans, amounted to 44,893 BTC, valued at approximately $4.4 billion. They mined 9,457 BTC in 2024 and additionally purchased 22,065 BTC at an average price of $87,205.
Their CEO, Fred Thiel, stated that their mining operation's current hash rate has exceeded the target of 50 EH/s by the end of the year, while also planning to improve the efficiency of mining machines to 20 J/TH.
Furthermore, Marathon's stock (MARA) has risen nearly 20% in cumulative trading on Friday and Monday, with the current price reaching $29.55. Last December, MicroStrategy's Michael Saylor even predicted that Marathon might be the next Bitcoin company to join the Nasdaq 100 index.
From the perspective of the mining ecosystem, this is a fiercely competitive and tough business, with block subsidies halving every four years. The last halving occurred in April 2024, when the block reward dropped to 3.125 BTC.
However, the Bitcoin hash rate (i.e., network computing power) reached a historical high of 1000 EH/s on January 2. Nevertheless, according to data from the Hashrate Index, the Bitcoin hash price index remained low at $0.056 TH/S on the same day.
This phenomenon indicates that while the computing power of the Bitcoin network has reached unprecedented heights, the earnings for miners per unit of computing power remain at a low level.
Therefore, Marathon has taken bold measures in its Bitcoin holding strategy, aiming to find the best balance between mining profits and corporate operational costs by lending out a portion of its Bitcoin reserves.
💬 What are your thoughts on their lending strategy and the future of Bitcoin mining?
#Marathon #比特币 #BTC挖矿
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📊Bull Market Countdown? Bitcoin may迎来高光时刻in the first half of 2025, then enter a downtrend
According to predictions from CryptoQuant analysts, this bull market may end sooner than expected. They believe that the price of Bitcoin (BTC) will peak in the first quarter of 2025, or at the latest, in the second quarter.
This judgment is based on Bitcoin's performance since January 2023, just a few weeks after the FTX collapse. Since then, the price of Bitcoin has rebounded significantly from below $20,000.
Since that time, thanks to investment tools such as Bitcoin exchange-traded funds (ETFs), the top cryptocurrency has attracted the attention of major players in the financial world.
Analysts state that the bull market cycle has lasted about two years, during which the price of Bitcoin has risen significantly, so there is reason to believe that the market is now in the later stages of this cycle.
Currently, Bitcoin accounts for 36% of trading in the past month, significantly lower than the peak values of previous cycles. Therefore, it is expected that this indicator will rise before the end of the bull market, leading cryptocurrency experts to predict that the first or second quarter of this year will be the climax of the cryptocurrency market.
Like this analyst, many in the industry believe that cryptocurrencies such as Bitcoin will experience rapid growth this year. One of the factors driving this optimistic prediction is the imminent inauguration of Donald Trump as the 47th President of the United States. Meanwhile, cryptocurrency enthusiasts optimistically believe that his administration will introduce various initiatives to promote Bitcoin adoption.
As for price trends, CryptoQuant analysts emphasize that this year's rise may take a different form. They believe that the price of Bitcoin is unlikely to surge all at once; instead, it may rise sharply 2 to 4 times, usually leading to severe overheating, followed by a bear market cycle. Therefore, analysts encourage the crypto community to expect significant price increases for Bitcoin and altcoins in the short term.
So, everyone should closely monitor market dynamics to see what happens next! What are your views on this bull market and the future of Bitcoin? Feel free to leave your opinions in the comments!
#比特币牛市 #CryptoQuant分析 #行情观点
According to predictions from CryptoQuant analysts, this bull market may end sooner than expected. They believe that the price of Bitcoin (BTC) will peak in the first quarter of 2025, or at the latest, in the second quarter.
This judgment is based on Bitcoin's performance since January 2023, just a few weeks after the FTX collapse. Since then, the price of Bitcoin has rebounded significantly from below $20,000.
Since that time, thanks to investment tools such as Bitcoin exchange-traded funds (ETFs), the top cryptocurrency has attracted the attention of major players in the financial world.
Analysts state that the bull market cycle has lasted about two years, during which the price of Bitcoin has risen significantly, so there is reason to believe that the market is now in the later stages of this cycle.
Currently, Bitcoin accounts for 36% of trading in the past month, significantly lower than the peak values of previous cycles. Therefore, it is expected that this indicator will rise before the end of the bull market, leading cryptocurrency experts to predict that the first or second quarter of this year will be the climax of the cryptocurrency market.
Like this analyst, many in the industry believe that cryptocurrencies such as Bitcoin will experience rapid growth this year. One of the factors driving this optimistic prediction is the imminent inauguration of Donald Trump as the 47th President of the United States. Meanwhile, cryptocurrency enthusiasts optimistically believe that his administration will introduce various initiatives to promote Bitcoin adoption.
As for price trends, CryptoQuant analysts emphasize that this year's rise may take a different form. They believe that the price of Bitcoin is unlikely to surge all at once; instead, it may rise sharply 2 to 4 times, usually leading to severe overheating, followed by a bear market cycle. Therefore, analysts encourage the crypto community to expect significant price increases for Bitcoin and altcoins in the short term.
So, everyone should closely monitor market dynamics to see what happens next! What are your views on this bull market and the future of Bitcoin? Feel free to leave your opinions in the comments!
#比特币牛市 #CryptoQuant分析 #行情观点
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🚀 MicroStrategy announces a new round of purchases, and Bitcoin price soars above $100,000
On Monday, MicroStrategy announced the purchase of another batch of Bitcoin. Subsequently, the price of Bitcoin skyrocketed like it was on a rocket, breaking through the $100,000 mark and even reaching a new yearly high of $101,000.
This purchase was relatively small for MicroStrategy, as they acquired 1,070 Bitcoins for $101 million, with an average purchase price of $94,004. Although this purchase is much smaller compared to their previous acquisitions worth billions, the market reacted exceptionally positively.
Interestingly, after several previous acquisitions by MicroStrategy, the price of Bitcoin usually sees a brief decline. However, this time, the situation was different. Shortly after MicroStrategy announced the purchase, the price of Bitcoin quickly rose from $98,000 to its highest level since December 19.
Additionally, recent reports indicate that the company plans to raise another $2 billion to accumulate more cryptocurrencies, undoubtedly bringing more anticipation and imagination to the market.
In summary, MicroStrategy's latest purchase has once again attracted widespread attention from the market, and the surge in Bitcoin prices demonstrates the market's positive reaction to its buying behavior.
As MicroStrategy continues to make strides in the cryptocurrency field, the future development of the Bitcoin market will be even more anticipated.
🗣️ Conclusion:
Although MicroStrategy's latest round of Bitcoin purchases is not large, it unexpectedly drove the price of Bitcoin to rise significantly, breaking through the $100,000 mark and setting a new annual high. This indicates that the market is highly sensitive to MicroStrategy's actions in the cryptocurrency space.
Moreover, unlike previous instances, the price of Bitcoin did not experience a brief decline following this purchase; instead, it quickly rose. The news that the company plans to raise $2 billion to accumulate more cryptocurrencies has also brought more expectations to the market.
In conclusion, MicroStrategy holds significant influence in the Bitcoin market, and its future actions will continue to attract close attention from the market.
💬 Do you think MicroStrategy's purchases are the main reason for the rise in Bitcoin? What are your views on the future trend of Bitcoin?
#MicroStrategy #比特币 #加密货币 #市场反应
On Monday, MicroStrategy announced the purchase of another batch of Bitcoin. Subsequently, the price of Bitcoin skyrocketed like it was on a rocket, breaking through the $100,000 mark and even reaching a new yearly high of $101,000.
This purchase was relatively small for MicroStrategy, as they acquired 1,070 Bitcoins for $101 million, with an average purchase price of $94,004. Although this purchase is much smaller compared to their previous acquisitions worth billions, the market reacted exceptionally positively.
Interestingly, after several previous acquisitions by MicroStrategy, the price of Bitcoin usually sees a brief decline. However, this time, the situation was different. Shortly after MicroStrategy announced the purchase, the price of Bitcoin quickly rose from $98,000 to its highest level since December 19.
Additionally, recent reports indicate that the company plans to raise another $2 billion to accumulate more cryptocurrencies, undoubtedly bringing more anticipation and imagination to the market.
In summary, MicroStrategy's latest purchase has once again attracted widespread attention from the market, and the surge in Bitcoin prices demonstrates the market's positive reaction to its buying behavior.
As MicroStrategy continues to make strides in the cryptocurrency field, the future development of the Bitcoin market will be even more anticipated.
🗣️ Conclusion:
Although MicroStrategy's latest round of Bitcoin purchases is not large, it unexpectedly drove the price of Bitcoin to rise significantly, breaking through the $100,000 mark and setting a new annual high. This indicates that the market is highly sensitive to MicroStrategy's actions in the cryptocurrency space.
Moreover, unlike previous instances, the price of Bitcoin did not experience a brief decline following this purchase; instead, it quickly rose. The news that the company plans to raise $2 billion to accumulate more cryptocurrencies has also brought more expectations to the market.
In conclusion, MicroStrategy holds significant influence in the Bitcoin market, and its future actions will continue to attract close attention from the market.
💬 Do you think MicroStrategy's purchases are the main reason for the rise in Bitcoin? What are your views on the future trend of Bitcoin?
#MicroStrategy #比特币 #加密货币 #市场反应
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🎉 In 2024, the digital asset market attracted $44.2 billion, with Bitcoin and Ethereum leading the way. The start of 2025 is explosive, and the market outlook is promising!
It's time for our weekly report on digital asset fund flows. According to the latest report from CoinShares, we have some exciting numbers to share, so let's take a look at the impressive achievements!
First, let's review the brilliant performance of 2024. Last year, global capital inflows into the digital asset market reached an astonishing $44.2 billion, nearly four times the record inflow of $10.5 billion set in 2021!
When it comes to dominance, Bitcoin was undoubtedly the star of last year, attracting $38 billion in inflows, accounting for 29% of assets under management. Ethereum also made a strong comeback at the end of the year, with total inflows reaching $4.87 billion, which is 2.4 times the total amount in 2021 and 60 times the inflow in 2023!
In addition to ETH, other altcoins also performed well last year, with inflows of $813 million. Although this only accounted for 18% of AUM, it still shows the market's interest in diversified investments.
This year's start has also been filled with good news, with inflows into digital asset investment products reaching $585 million in the first three days. Although the total net outflow for the week was $75 million, this is just a minor fluctuation that does not affect the overall trend.
It is worth mentioning that the introduction of US spot ETFs has brought tremendous vitality to the market, with inflows reaching $44.47 billion in 2024 alone. Although other countries, such as Switzerland, also saw inflows of $630 million, Canada and Sweden experienced larger outflows of $707 million and $682 million, respectively. This suggests that investors seem to prefer US products and, in some cases, choose to take profits.
Overall, 2024 has been a bumper year for the digital asset market, and the start of 2025 also shows strong momentum. We look forward to more surprises and opportunities from the market this year.
Friends, what are your thoughts on these numbers? What are your expectations for the market this year?
#数字资产基金流动 #比特币主导 #以太坊复苏 #山寨币表现
It's time for our weekly report on digital asset fund flows. According to the latest report from CoinShares, we have some exciting numbers to share, so let's take a look at the impressive achievements!
First, let's review the brilliant performance of 2024. Last year, global capital inflows into the digital asset market reached an astonishing $44.2 billion, nearly four times the record inflow of $10.5 billion set in 2021!
When it comes to dominance, Bitcoin was undoubtedly the star of last year, attracting $38 billion in inflows, accounting for 29% of assets under management. Ethereum also made a strong comeback at the end of the year, with total inflows reaching $4.87 billion, which is 2.4 times the total amount in 2021 and 60 times the inflow in 2023!
In addition to ETH, other altcoins also performed well last year, with inflows of $813 million. Although this only accounted for 18% of AUM, it still shows the market's interest in diversified investments.
This year's start has also been filled with good news, with inflows into digital asset investment products reaching $585 million in the first three days. Although the total net outflow for the week was $75 million, this is just a minor fluctuation that does not affect the overall trend.
It is worth mentioning that the introduction of US spot ETFs has brought tremendous vitality to the market, with inflows reaching $44.47 billion in 2024 alone. Although other countries, such as Switzerland, also saw inflows of $630 million, Canada and Sweden experienced larger outflows of $707 million and $682 million, respectively. This suggests that investors seem to prefer US products and, in some cases, choose to take profits.
Overall, 2024 has been a bumper year for the digital asset market, and the start of 2025 also shows strong momentum. We look forward to more surprises and opportunities from the market this year.
Friends, what are your thoughts on these numbers? What are your expectations for the market this year?
#数字资产基金流动 #比特币主导 #以太坊复苏 #山寨币表现