NEW: El Salvador is scaling back Bitcoin efforts as part of a $1.4 billion IMF deal.
This The agreement makes Bitcoin acceptance voluntary for businesses and restricts its use in the public sector.
@Cointelegraph
🎙️ Rise’n’Crypto: Powell’s Impact on Crypto
Fed Chair Jerome Powell’s surprise announcements rocked both crypto and the S&P 500. Bitcoin briefly dropped below six figures, but quickly bounced back.
🎧 Tune in as we explore the market reaction and what’s next for the market!
🇺🇸 NEW: MARA acquired 15,574 $BTC for $1.53 billion, at an average price of $98,529 per Bitcoin.
@Cointelegraph
⚡ JUST IN: $SOL captures 53% of global crypto users in November, surpassing all other chains combined.
@Cointelegraph
🇺🇸 LATEST: The Digital Chamber’s Token Alliance urges SEC to rethink crypto probes and lawsuits from ‘day one’ of the new Trump administration.
@Cointelegraph
🔥 BULLISH: BlackRock’s $IBIT bought $359.6M worth of Bitcoin on Dec. 18.
@Cointelegraph
⚡ NEW: BlackRock sparks Bitcoin 21M debate, as their recent Bitcoin explainer video includes a disclaimer saying ‘no guarantee’ it won’t change.
Whether Bitcoin’s supply cap can be changed or not depends on how one defines “Bitcoin,” Super Testnet, a Bitcoin developer behind BitVM, told Cointelegraph.
@Cointelegraph
🔥 BULLISH: A #Bitcoin family sold their $300,000 house for 100 $BTC in 2017, and today, they could buy it back for just 4 $BTC (considering inflation).
"If we had kept $300,000 in a bank account since 2017, we wouldn't have been able to repurchase the house."
@Cointelegraph
🇯🇵 JUST IN: Shares of publicly traded Metaplanet fell nearly 14% after the company announced that #Bitcoin operations would become its primary focus.
@Cointelegraph
⚡️ NOW: Coinbase is under fire for delisting WBTC, citing risks linked to Justin Sun without providing technical justification.
Critics note the irony, as Coinbase itself faces numerous regulatory investigations.
@Cointelegraph
🇩🇪 NEW: German financial giant Deutsche Bank is launching its own Layer 2 network based on ZKsync technology.
@Cointelegraph
🇺🇸 LATEST: In his new essay, Arthur Hayes predicts a major crypto market sell-off on January 20, 2025, coinciding with Donald Trump’s inauguration.
He also questions the feasibility of creating a national Bitcoin reserve.
@Cointelegraph
⚡ ICYMI: Ohio lawmaker introduces Bitcoin reserve bill allowing state to buy BTC
Ohio has become the third US state behind Texas and Pennsylvania to see bills introduced to establish Bitcoin reserves as part of the state’s treasury.
@Cointelegraph
🇺🇸 ETF FLOWS: Around 36,310 ETH and 4,580 BTC were bought on Dec. 17
ETH ETFs saw $144.7M in net inflows.
BTC ETFs saw $486.1M in net inflows.
@Cointelegraph
🇧🇹 NOW: Binance CEO Changpeng Zhao recently met with the King of Bhutan to discuss crypto initiatives.
Bhutan’s government reportedly holds 12,202 BTC, valued at approximately $1.2 billion.
@Cointelegraph
⚡️ LATEST: 10% of Ethereum validators signal support for raising the gas limit, potentially reducing transaction fees by 15-33%.
@Coingelegraph
🇺🇸 JUST IN: Binance.US plans to resume USD services in early 2025, anticipating changes in U.S. crypto regulations.
The exchange halted fiat operations in 2023 due to regulatory pressure and SEC claims.
@Cointelegraph
🔥 BULLISH: #Bitcoin’s market cap hits 14% of gold’s, a new all-time high in the race against the precious metal.
@Cointelegraph
🇺🇸 ETF FLOWS: Around 642 ETH and 2,570 BTC were bought on Dec. 18
ETH ETFs saw $2.5M in net inflows.
BTC ETFs saw $275.3M in net inflows.
@Cointelegraph
🚨LATEST: DeFi lending platform Sky, formerly Maker, is looking to speed up the migration from MKR to SKY in the new year, following on from a massive rebrand in August.
Sky co-founder Rune Christensen said in a Dec. 18 post on X that more effort will be put into a full migration of MKR to SKY in 2025, partly to help remove confusion around the MKR vs SKY tokens.
@Cointelegraph
🚨 JUST IN: Japan’s Metaplanet to commence trading on OTCQX Market in the U.S starting December 19.
CEO Simon Gerovich says, “This marks a key step in expanding access for global investors to join our journey as Asia’s first Bitcoin Treasury Company.”
@Cointelegraph
🗞 Catch up on the news over the last 24 hours!
💰 Bitcoin ETFs Flip Gold Funds In AUM
🚀 Bitcoin May Hit $200K By Mid-2025 As Price Drops "Will Remain Mild"
🏦 Metaplanet Establishes Bitcoin Treasury Operations
🌊 Bitcoin, Ethereum Combo Fund To Lead "Wave" Of Crypto ETFs In 2025
📊 Bitcoin Funding Rate Signals No Signs Of "Late-Cycle Overheating"
🏛️ Ohio Lawmaker Introduces Bitcoin Reserve Bill Allowing State To Buy BTC
🪙 Bitwise Launches Solana Staking ETP In Europe With The Ticker BSOL, Offering An APY Of 6.48% For Stakers
📉 Arthur Hayes Predicts A Major Crypto Market Sell-Off On January 20, 2025, Coinciding With Donald Trump’s Inauguration
🔍 Bloomberg Analysts Identified $LTC, $HBAR, $XRP, And $SOL As Top Candidates For Upcoming ETFs
🇩🇪 Deutsche Bank Is Launching Its Own Layer 2 Network Based On ZKsync Technology
🎙️ Rise'N'Crypto: Trump, Crypto. Com, And A U.S. Bitcoin Reserve
⚖️ Coinbase Is Under Fire For Delisting WBTC, Citing Risks Linked To Justin Sun Without Providing Technical Justification
🇨🇳 Cango Inc, A Chinese NYSE-Listed Auto Trading Platform, Has Quietly Transformed Into A Top Bitcoin Miner
🇯🇵Metaplanet Shares Fell Nearly 14% After The Company Announced That Bitcoin Operations Would Become Its Primary Focus
🇺🇸 The Federal Reserve Has Cut Interest Rates By 25bps
🚨 JUST IN: Sonic’s EVM-compatible layer-1 blockchain goes live on mainnet.
Sonic addresses key blockchain challenges with fast transactions, improved security, and a fairer reward system for developers. Its mainnet introduces a Fee Monetization program, redistributing up to 90% of fees to developers, while the Sonic Gateway ensures secure Ethereum bridging.
With 10,000+ TPS and near-instant finality, DApps run smoother and faster. Developers can deploy easily, and users can migrate from FTM to S tokens seamlessly.
How could Sonic’s Fee Monetization model reshape the blockchain ecosystem?
[Brought to you by Sonic]
🇨🇳 JUST IN: NEW: Cango Inc, a Chinese NYSE-listed auto trading platform, has quietly transformed into a top Bitcoin miner.
The company purchased 32 EH/s of Antminer ASICs for $256M and plans to add another 18 EH/s, bringing its total hashrate to 50 EH/s, matching the largest US miner, MARA. 😮
@Cointelegraph
🎙 Rise'n'Crypto: Trump, Crypto.com, and a U.S. Bitcoin Reserve
Donald Trump isn’t in office yet, but he’s already shaking up crypto! This week, he met Crypto.com’s CEO to discuss a U.S. Bitcoin reserve—and on the same day, Crypto.com dropped its SEC lawsuit.
What does this mean for crypto’s future? 🔥
🎧 Listen now!
⚡️LATEST: Bloomberg analysts identified $LTC, $HBAR, $XRP, and $SOL as top candidates for upcoming ETFs.
ETF expert Eric Balchunas expects a wave of new funds next year, starting with BTC+ETH, followed by LTC and HBAR, and finally, more controversial crypto.
@Cointelegraph
🇪🇺 LATEST: Bitwise launches Solana staking ETP in Europe with the ticker BSOL, offering an APY of 6.48% for stakers.
@Cointelegraph
📊 INSIGHT: Bitcoin funding rate signals no signs of "late-cycle overheating" — Analyst
“Analyzing the funding rate using a 30-day exponential moving average (EMA), there are no visible signs of late-cycle overheating,” CryptoQuant contributor Avocado onchain said in a Dec. 17 markets report.
@Cointelegraph
⚡️ LATEST: Bitcoin, Ethereum combo fund to lead "wave" of crypto ETFs in 2025: Analysts
Bloomberg ETF analysts Eric Balchunas and James Seyffart expect the first new BTC and ETH combo fund to be closely followed by ETFs tracking Litecoin or Hedera.
@Cointelegraph