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🇰🇭 Cambodia Introduces Crypto Regulation Requiring Licensing for Digital Asset Activities
The National Bank of Cambodia (NBC) has issued new regulations on crypto-related activities. The directive, dated Dec. 26, mandates that individuals or entities involved in crypto asset transactions, such as fund mobilization, trading, and settlements, must obtain a license from the relevant authorities. Engaging in these activities without authorization may result in penalties under Cambodia’s legal framework.
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💰 Japan holds back as Thailand charges ahead in Bitcoin adoption
Two prominent Asian nations—Japan and Thailand—are taking distinctly different approaches to Bitcoin as the top crypto gains traction globally. Local media outlets from these countries have shown that Japan is adopting a reserved stance, while Thailand is exploring innovative use cases for Bitcoin.
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💰 Metaplanet adds another 619 BTC to its holdings
Japanese Bitcoin-focused firm Metaplanet has significantly increased its crypto portfolio following its recent US market expansion. On Dec. 23, the company, listed on the Tokyo Stock Exchange and trading on the US OTCQX Market as MTPLF, said it acquired 619.70 BTC for 9.5 billion yen ($60.7 million). This purchase increases its total Bitcoin holdings to 1,761.98 BTC, currently valued at $169.2 million.
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🇺🇸 SEC Commissioner predicts early improvements for crypto ETFs under new leadership
Crypto exchange-traded funds (ETF) changes, such as in-kind redemptions and staking permission for Ethereum (ETH) products, are likely to happen “early on” under a new US Securities and Exchange Commission (SEC) administration. SEC Commissioner Hester Peirce shared during an interview for Coinage that these matters may arrive for a regulator review as soon as Paul Atkins takes the role of chairperson.
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💰 Bitcoin pullback mirrors 2020 reversal 250 days post-halving, it then rose 140%
Bitcoin’s price appears to be pulling back approximately 250 days after the April 2024 halving, aligning with patterns observed following the May 2020 halving. Historical charts show a notable climb following the May 2020 event, which reversed briefly after about 250 days by around 30%. Following the retracement, Bitcoin increased by 140% over the next 290 days. The last cycle’s all-time high was 546 days after the halving.
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🪙 Bitwise predicts Ethereum revival in 2025 driven by institutional interest, RWA growth
Ethereum (ETH) is poised for a resurgence in 2025 as it rides a wave of emerging trends to capitalize on a $100 trillion opportunity in tokenizing real-world assets (RWAs), according to a letter shared with investors by Bitwise’s senior investment strategist, Juan Leon.
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💰 Japanese lawmaker urges consideration of Bitcoin reserve in light of US efforts
Japanese lawmaker Satoshi Hamada has called on the government to explore the possibility of integrating Bitcoin (BTC) into its foreign exchange reserves, emphasizing its potential as a strategic asset amid growing global interest in crypto adoption. During a Dec. 11 parliamentary session, Yamada posed questions about Japan’s approach to crypto reserves.
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💰 Bitcoin velocity hits 12-year low as institutional demand drives up price
Bitcoin's velocity offers crucial insights into its economic role—essentially revealing whether it serves as a speculative medium or a store of value. Recently, this measure has plummeted to levels last seen over a decade ago, coinciding with the US Presidential elections. However, despite this decline, Bitcoin's price skyrocketed past $101,000, setting a new all-time high.
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💰 Bitcoin Permabull Max Keiser Hints at Muslim World Petrobitcoin Announcement
Max Keiser, an international journalist and cryptocurrency advisor to the Bukele administration in El Salvador, has hinted at an upcoming announcement for the Muslim world regarding bitcoin. On social media, Keiser, now in Abu Dhabi, recalled the first time he declared that bitcoin complied with Sharia law, stressing it was no “riba,” meaning it doesn’t represent usury. “The Muslim world is minutes away from massive, global bitcoin FOMO.
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💰 Elon Musk impressed by El Salvador’s over $300 million unrealized profit in Bitcoin
El Salvador’s president Nayib Bukele is celebrating the country’s success as its Bitcoin holdings surpass $300 million in unrealized profit. In a Dec. 5 post on X (formerly Twitter), Bukele shared a screenshot showing that the country’s Bitcoin holdings reached over $600 million. This spike came as Bitcoin’s price surged past $100,000, hitting an all-time high of $103,465.81.
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🇺🇸 New York Mayor Eric Adams has the last laugh as Bitcoin hovers near $100k
New York City Mayor Eric Adams slammed the criticism he faced after deciding to receive his first three paychecks in Bitcoin (BTC) and Ethereum (ETH) back in early 2022. He also said people should not be afraid of Bitcoin and voiced his satisfaction with people willing to think outside the box on President-elect Donald Trump’s administration, like Elon Musk.
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💰 US Bitcoin miners face delays as customs hold Bitmain shipments over sanctions concerns
US Bitcoin mining operations are facing significant delays after the Customs and Border Protection (CBP) agency held shipments of Bitmain Antminer devices at multiple ports of entry, Blockspace reported on Nov. 25. Several mining companies have reported waiting as long as two months for the equipment, with one company citing holding fees exceeding $200,000 for 200 units.
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💰 VanEck maintains $180,000 Bitcoin target as bull market gains steam
VanEck’s latest Bitcoin (BTC) report reaffirmed its cycle price target of $180,000, citing strong bullish indicators that align with the current market rally. The asset manager highlighted key metrics, including funding rates, Relative Unrealized Profit (RUP), and retail interest trends, as signals that the bull market is still in its early stages.
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💰 Bitcoin ETFs record over $1 billion inflow in 2 days as new price peak boosts investments
Bitcoin ETFs have attracted over $1 billion in inflows so far this week. Data from Nov. 18 shows total ETF inflows at $254.8 million, which surged to $816.4 million on Nov. 19. On Nov. 19, ARK’s ARKB led with inflows of $267.3 million, followed by Fidelity’s FBTC with $256.1 million and BlackRock’s IBIT with $216.1 million. These figures represent substantial increases from the previous day, where IBIT and FBTC recorded inflows of $89.3 million and $60 million, respectively.
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💰 Spot Bitcoin ETF options set to debut this week following OCC approval, analysts predict
The Office of the Comptroller of the Currency (OCC) stated in a Nov. 18 memo that it is “preparing for the clearance, settlement, and risk management” of options trading on BlackRock’s spot exchange-traded fund (ETF) iShares Bitcoin Trust (IBIT). Alison Hennessy, head of ETP listings at Nasdaq, said during an appearance on Bloomberg that the exchange intends to list and trade options on IBIT “as soon as tomorrow.”
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💰 Strive Asset Management files for innovative bitcoin bond ETF aiming to disrupt traditional investing
Strive Asset Management, founded by Vivek Ramaswamy, has filed a request with US regulators to launch a new exchange-traded fund (ETF) designed to provide exposure to “Bitcoin Bonds,” according to a Dec. 26 filing. The Strive Bitcoin Bond ETF will target convertible bonds issued by companies like MicroStrategy that have invested significant portions of their capital in Bitcoin (BTC). These companies utilize the proceeds of such bonds to purchase Bitcoin.
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🇷🇺 Russia to limit mining in energy-strapped regions until 2031
Russia has introduced a regional ban on Bitcoin mining, set to begin on Jan. 1, 2025, and remain in effect until March 15, 2031, local Russian media outlet Tass reported on Dec. 24. According to the report, The decision affects ten regions, including Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, the Donetsk and Lugansk People’s Republics, as well as the Zaporizhia and Kherson regions.
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💰 Bitcoin social sentiment drops to yearly low, signaling BTC breakout
Social sentiment around Bitcoin has hit its lowest point in 2024, which could signal an incoming recovery above the $100,000 mark for the world’s largest cryptocurrency. Bitcoin's price is currently down over 10% from its all-time high of above $108,300 recorded on Dec. 17, trading above $97,150 as of 12:38 pm UTC, Cointelegraph data shows.
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💰 Ark Invest CEO Cathie Wood predicts Bitcoin will top $1 million by decade’s end
Ark Invest CEO Cathie Wood reiterated her bullish outlook on Bitcoin (BTC), predicting that it will soar past $1 million by the end of the decade. She made the prediction during a Bloomberg Markets interview, in which she attributed Bitcoin’s rising value to its finite supply of 21 million coins and growing institutional interest. She noted that BTC has already exceeded $108,000 in 2024 and will continue to grow in the coming years.
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💰 El Salvador agrees to scale back Bitcoin policies for $1.4 billion IMF loan
El Salvador has agreed to adjust its Bitcoin policies as part of a $1.4 billion loan arrangement with the International Monetary Fund (IMF), according to a Dec. 18 statement. The global financial regulator stated that it had reached a staff-level agreement with El Salvador on a 40-month Extended Fund Facility (EFF). The funds aim to support the country’s economic reforms.
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💰 New fair value Bitcoin accounting rules go live paving way for corporate reserve adoption
The Financial Accounting Standards Board (FASB) has implemented its Fair Value accounting rule for crypto, effective Dec. 15, 2024. This update aims to address accounting and disclosure practices gaps for cryptocurrencies while enhancing transparency in financial reporting.
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🪙 Microsoft may be open to Ethereum ETFs despite voting against Bitcoin reserves
Microsoft’s evolving interest in crypto investments has sparked speculation about the tech giant’s potential adoption of spot Ethereum (ETH) ETFs once they enable staking features. The discussion follows remarks made by Microsoft CFO Amy Hood during the company’s annual shareholder meeting. While shareholders overwhelmingly rejected a proposal to adopt Bitcoin (BTC) as a treasury asset, Hood’s comments highlighted the tech giant’s openness to exploring digital assets.
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🇮🇳 Jetking Infotrain becomes India’s first public company to hold 💰 Bitcoin as treasury reserve
Jetking Infotrain became India’s first publicly traded company to adopt Bitcoin (BTC) as a reserve asset for its treasury after purchasing 12 BTC on Dec. 9, according to the firm’s CEO Avinash Bharwani. The company’s Bitcoin reserve is worth roughly $1.2 million, at $97,986.35 per BTC as of press time. According to Google Finance data, Jetking Infotrain’s market cap is nearly $4.5 million, which means the firm’s BTC stash represents over 26% of its size.
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💰 Former US Treasury Secretary calls Bitcoin reserve ‘crazy’ idea
Former US Secretary of the Treasury Larry Summers said in an interview with Bloomberg that the idea of a national Bitcoin (BTC) reserve is “crazy. “ The idea of a national Bitcoin reserve surfaced during the Bitcoin 2024 conference earlier this year, where both Trump and Robert F. Kennedy Jr. made keynote speeches, along with several lawmakers, including Senator Cynthia Lummis (R-WY), who introduced the “Bitcoin Act” legislation proposing the creation of such an institute at the event.
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📊 NYSE files to list Bitwise’s Bitcoin and Ethereum mixed ETP
NYSE Arca filed a 19b-4 Form to list a Bitwise exchange-traded product (ETP) offering direct spot exposure to Bitcoin (BTC) and Ethereum (ETH), weighted by their market capitalization. According to a Bitwise statement, the proposed Bitcoin-Ether ETP aims at simplifying portfolio allocation for investors seeking exposure to the crypto market’s most established assets. Its market-cap weighting ensures that the fund dynamically adjusts to reflect these assets’ evolving dominance.
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🪙 Ethereum onchain volume hits $7.13 billion amid November's market surge
Last Friday, Nov. 15, Ethereum’s daily onchain volume soared to $7.13 billion, marking the highest single-day volume of the year. This represents a 1% increase over the previous yearly high set in March, underscoring a resurgence in Ethereum’s network activity as the broader crypto market turns bullish.
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📣 DeFi, gaming will be ‘most positively affected’ by Trump: Sky Mavis
Blockchain gaming, along with decentralized finance (DeFi), will likely benefit most from Donald Trump’s presidency, said Jeffrey Zirlin, the co-founder of crypto gaming platform Sky Mavis. Speaking to Cointelegraph at the YGG Play Summit in the Philippines on Nov. 21, Zirlin said the “token design” space may yield the most benefit from the new crypto-friendly administration in the United States.
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💰 Crypto ATM operator Bitcoin Depot reports Q3 revenue of $135.3 million
Bitcoin Depot, an Atlanta-based crypto ATM manufacturer, released financial results for 2024's third fiscal quarter. The firm noted $135.3 million in revenue for the quarter, a 25% decrease compared to the $179.5 million brought in the third financial quarter of 2023, according to a Nov. 14 filing with the U.S. Securities and Exchange Commission. The company also reported holding over $1.31 million in cryptocurrencies.
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