Wall Street just wrapped up 2024, and let’s just say the mood wasn’t exactly festive. Investors were expecting the famous “Santa Claus rally” to close out the year with a bang, but that didn’t happen. Historically, this rally—the last five trading days of December and the first two of January—pushes the market up about 1.3%. … Read more
Ethereum spot ETFs broke records in December 2024, showcasing an impressive $2.1 billion in net inflows, predominantly driven by BlackRock’s ETHA. Despite this remarkable achievement, Ethereum ETFs have underperformed compared to Bitcoin ETFs, reflecting ongoing challenges in market dynamics. As noted by COINOTAG, “The competition from alternative blockchains continues to pressure Ethereum’s growth potential for … Read more
The cryptocurrency market is gearing up for a pivotal month as January 2025 ushers in significant political, economic, and technological changes. From potential policy shifts under the Trump administration, to anticipated breakthroughs in crypto asset performance and industry innovation, the landscape promises to be dynamic and transformative! 2024 was a landmark year for crypto, but … Read more
According to CryptoQuant’s latest data, Binance has reached a new milestone in its stablecoin reserves as it hit an all-time high of $31 billion recently. This marks a significant recovery and growth, as the reserves stood at just $7 billion in June 2023. Therefore, the latest figure reflects a nearly fivefold increase over six months. … Read more
MicroStrategy witnessed massive growth in 2024 with its heavy Bitcoin acquisition strategy while accumulating 446,400 BTC through a series of convertible notes and debt issuance. The MSTR stock ended the year with 332% gains outperforming Bitcoin’s 118% gains in 2024. As the firm plans to issue a massive 10 billion in equity, market analysts are … Read more
Illegal crypto ads remain widespread as the FCA struggles to crack down, data shows. The British Financial Conduct Authority has failed to remove all illegal crypto ads as nearly half of flagged promotions still online, the Financial Times has learned, citing data obtained through a freedom of information request. Between October 2023 and October 2024, … Read more
As Bitcoin surges past record levels in late 2024, major crypto platforms like Coinbase and Robinhood are set to capitalize on this bullish trend. Analysts predict that retail interest will significantly increase in 2025, driven by Bitcoin’s rise and the ongoing expansion of crypto adoption. According to COINOTAG, “The recent performance improvements among trading platforms … Read more
Genius Group, an AI-based educational tech company, has purchased $10 million worth of bitcoin to further its “bitcoin first” strategy. The company aims to invest 90% or more of its reserves in bitcoin, striving to reach an initial target of $120 million. Genius Group Moves to Acquire $10 Million in BTC, Deepens Bitcoin First Strategy … Read more
New IRS rules could have been “disastrous” for crypto taxpayers during the bull market, a crypto tax executive said.
Yet again, Shiba Inu (SHIB) coin price makes waves with a course milestone concerning adoption. Another step forward for SHIB as a more widespread form of payment, with a Dubai-based real estate firm announcing it will now accept the meme coin to purchase property. SHIB news is a step in the right direction for SHIB … Read more