cryptocurrencies

U.S. spot bitcoin ETFs posted record net outflows of $680 million on Thursday, breaking a 15-day streak of positive flows of $6.7 billion.

The U. S. Securities and Exchange Commission approved the applications of NASDAQ and Cboe BZX to list and trade shares of crypto-index ETFs Hashdex and Franklin Templeton, respectively.
U. S. Federal Reserve Chairman Jerome Powell on June 2, After hawkish comments about slowing the pace of interest rate cuts in 2025, the #cryptocurrency market continued to fall.
Meanwhile, the CEOs of Deribit and Bitget are discussing the coexistence of decentralized and centralized exchanges.
In addition, CoinDesk employees wrote a letter to the owner of Bullish, calling Justin Soon's retraction of the article
outrageous
, in anticipation of the dismissal of management.
Let's get started. The record for daily outflows to date stands at a whopping 563.7 million, set on May 1, when the coin dropped to around $BTC Fidelity's FBTC recorded an outflow of more than $208 million on Thursday, followed by Greyscale's #Bitcoin Mini Trust with more than $188 million. BlackRock's IBIT reported zero inflows, while WisdomTree's BTCW was the only #ETF to record inflows of $2 million.
Amid the biggest bitcoin sell-off since August, trading in 12 bitcoin-spot ETFs Volume jumped to $6.3 billion from $5.9 million the day before.
Meanwhile, the Ethereum U. S. ETF recorded net outflows of $60.5 million on Thursday, ending an 18-day positive period of $2.4 billion.
Initially, the fund will hold bitcoin and ether, but other #cryptocurrencies could be added if regulators approve. Hashdex suggested AVAX, LINK and LTC as potential options
The launch could happen in January. The possibility is there, said Eric Bartunas, an ETF analyst at Bloomberg. It's notable that Hashdex and Frankie will be the first to launch. That's a good thing, he said.

For now.
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🚨 Market Analysis (Based on Bitcoin's Movement): January 2025 – Are We on the Verge of a Major Shift?
The cryptocurrency market continues to test its resilience at the start of January 2025, and this month could be more than just a turning point for the market overall. Let’s dive into the details and analyze the situation from a deeper perspective.
1. The Notable Decline Since Early January 2025: 📉
As I mentioned earlier in some live streams, a decline was expected at the start of January, and now we’re clearly seeing the impact of this drop. The market has been under pressure since the first days of the year, and this trend may continue until the end of the month, raising many questions about whether this decline is just a correction or the beginning of a long period of downturn? 🤔
2. The $100,000 Barrier – Its Psychological Impact on the Market: 💥
The $100,000 barrier for Bitcoin goes beyond being just a psychological number. It represents a critical testing point, where the market experiences significant pressure when approaching this level. The rapid rise of Bitcoin to this price was unexpected for many, and following that, we saw a sharp pullback, further confirming the psychological role this level plays in determining market direction.
Psychologically: Traders often experience psychological pressure as prices near such levels, leading to swift actions like selling or freezing while awaiting clear signals. ⚡
Economically: These points become sensitive zones for large investments entering or exiting the market, amplifying volatility. 💰
3. The Drop to $90,000 – A Turning Point? 🔽
On January 10th, 2025, Bitcoin dropped to $90,199, its lowest point since November 2024. This level represents key support, which could dictate the price direction in the upcoming period. Some might consider this decline a sign of market collapse, but looking at the technical analysis, this dip might be seen as a buying opportunity before the next big move. These drops are not the end of the road; they could signal the beginning of a new phase. 🚀
4. Daily Fluctuations – Between $90,000 and $95,000: 🔄
Despite the ongoing decline, daily fluctuations between $90,000 and $95,000 reflect a state of indecision in the market. These ranges might see accumulation as traders hesitate to make quick decisions and enter a waiting mode. Technically, these fluctuations offer buying opportunities for those with patience and a long-term vision. 🕒
5. Future Outlook – February 2025: 🌟
Looking ahead, we see that the end of January may mark the start of new fluctuations, with the market likely stabilizing gradually.
Psychologically: Traders might struggle to make decisions due to ongoing volatility, creating an atmosphere of caution and anticipation. ⚖️
Technically: If Bitcoin successfully breaks the $95,000 level and establishes support above it, we could witness a new bullish move that could surprise everyone. 📈
6. Is This the Right Time to Invest? 💡
If you’re considering investing in Bitcoin right now, this could be the perfect moment. Despite the downturns, Bitcoin remains a promising long-term opportunity, and the next market movement is likely to be surprising. If you’re thinking of buying now, don’t fear the fluctuations; the upcoming period may be more exciting than ever. 🎯

🔮 Summary: The market is currently in a critical phase, but since we’re still at the beginning of January 2025, these declines may just be a correction. If you have the capacity to hold and invest for the long term, this could be the opportunity you've been waiting for. ⏳
🗣 What do you think of this analysis? Do you expect Bitcoin to rise again in February?
Share your thoughts in the comments! 💬
#bitcoin #MarketAnalysis #cryptocurrencies #InvestmentOpportunities #FutureOfCryptos
$BTC
$ETH
$BNB

Popular quantitative analyst PlanB believes that cryptocurrencies are on the sidelines for now, waiting for the results of expected events.

In PlanB's opinion, the trigger for bitcoin's next surge is imminent as the US prepares for the November presidential election.
#Bitcoin will find the trigger for the next surge. We've heard that many big buyers are waiting for the U. S. presidential election in November. That makes sense - why take a risk when you can wait a couple weeks and get complete clarity and certainty?
And the risk is obviously a Democratic victory (Harris), which is bad for bitcoin. So the 'whales' waiting for the US election are likely the reason for the sideways price movement over the past eight months.
Last month, it was reported that US Democratic presidential candidate Kamala Harris vowed to support #cryptocurrencies and artificial intelligence (AI) if she wins the upcoming November election. Harris said that cryptocurrencies and artificial intelligence will be part of her "opportunity economy" program. However, not everyone is convinced that Harris will dramatically change the party's stance on cryptocurrencies, as over the past four years, Democrats have curbed the growth of the cryptocurrency industry through mandatory regulation. In August, Charles Hoskinson, the creator of #Cardano (ADA), warned that a Harris victory would mean death for the crypto industry in the United States.
According to PlanB, bitcoin is currently experiencing a major growth spurt after a historically long period of uncertainty.
Bitcoin is 90% boring (yellow box).
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#GlobalCrypto #MarketInsights

In this post. BlackRock believes we shouldn't expect a big Fed rate cut. Markets are betting on a Fed rate cut, but inflation and a strong economy will keep rates high.

Traders expect a rate cut of up to 250 basis points by 2025, but #BlackRock says that's an exaggeration.
Analysts warn that a significant drop in interest rates would signal more serious economic problems that could hit risky assets such as #bitcoin . BlackRock says the U. S. Federal Reserve should not be expected to cut interest rates as much as the bond market expects.
He says the U. S. economy is still too strong and inflation is still too high for the central bank to cut rates significantly. Market traders are betting on a 120-basis-point rate cut this year alone and expect a further 250-basis-point cut by the end of 2025.
This would mean that the current interest rate range of 5.25%-5.5% would fall to 2.8%-2.9% by the end of next year.
However, BlackRock believes that these projections are overstated and that the market is preparing for rate cuts similar to those seen during previous recessions. However, the company does not believe it will go that far.
We believe inflation and interest rates will rise in the short to medium term due to a variety of factors, including an aging labor force, budget deficits and geopolitical tensions.
The world's largest asset management firm added that it is taking a bearish stance on short-term U. S. Treasuries.
Bond yields reflect expectations of a significant rate cut, but if the cut is not as deep as people think, bonds will not perform well.
At the same time, BlackRock is positive on stocks, especially artificial intelligence (AI)-related stocks, as it believes AI has long-term growth potential and is therefore overweight in U. S. stocks.
Fed fever is hitting #cryptocurrencies .
investors are skeptical that a rate cut will help the #cryptocurrency market, especially bitcoin. Bitcoin is currently down about 3% to $58,158 after recently breaking the $ 60,000 mark.

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#BlockchainFuture

Betting on cryptocurrencies is a popular way to multiply digital assets. It is similar to depositing money in a bank, where the bank uses customer deposits to create loans for others and incentivizes them with interest payments.

More specifically, #cryptocurrency staking is the transfer of a portion of coins to the #blockchain to keep the network functioning and secure.
For this contribution, the owner of the coins is rewarded with a percentage of the deposited funds. This process is quite convenient, as it is a way to get passive income.
Before betting was not discussed and used as often as it is now. In order to understand why it has become so widespread, it's worth examining its history.
To better understand this topic, we need to look at proof-of-work (PoW) and proof-of-stake (PoS) mechanisms.
Stake was born out of the PoW problem.
In PoW, transactions are verified and new blocks are created on the blockchain. Verifiers are called "miners" and compete to solve mathematical problems.
This concept worked well until #cryptocurrencies began to grow in popularity and the network became overloaded.
PoWs could no longer handle large numbers of TPS (transactions per second), and network bandwidth became limited.
PoWs are also energy-intensive and require large amounts of computing power. This became especially evident when the network activity increased and the need for changes only intensified.
the answer to the problem of PoW mechanisms became a new mechanism - PoS. The idea was proposed on the BitcoinTalk forum in 2011 by a user named QuantumMechanic. He stated that the PoS mechanism would select network validators who would add new blocks to the blockchain based on the number of coins they have and are willing to provide.
For the same reason, they will not need powerful computing machines and will consume less energy.
The PoS mechanism was first introduced by the cryptocurrency Peercoin in 2012.
The idea of the PoS mechanism seemed very attractive to the cryptocommunity.
Many cryptoprojects started using PoS or hybrid PoW-PoS mechanisms. The first examples were #Blackcoin and Nxt.
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#Crypto2024

Seoul, 9/13 (Cryptopolitan) - It's a rainy and gray 9th month in Seoul, and after South Korea's Blockchain Week, the city is back to its normal life.

most of the participants have already packed their bags and left for Singapore for Token2049, but we are still here and there is 1 reason for that: Fireant. The legendary and anonymous South Korean cryptocurrency leader (KOL) agreed to meet with us at his downtown office.
He's known for his openness, and even when we enter his personal space, there's an eerie feeling that we're entering a world we've never seen before.
Fireant is one of the oldest and most respected people in South Korea's crypto community. 1 No one knows who he really is, but everyone knows him. He keeps a low profile, but his influence is undeniable.
We're going to talk to him today about everything. From how he got started to what defines his vision for the future of #cryptocurrencies . Also ask about the ecosystem he likes the most.
I started trading cryptocurrencies in 2016 thanks to my father, Fireant says without hesitation. My father was the first to invest in cryptocurrencies, but my mother was worried. She asked me to talk my father out of investing, and I started to seriously research the topic.
This was the beginning of a journey that turned Fireant from a curious observer into one of South Korea's most trusted cryptographers. 1
He didn't start his journey like most of us, by learning about exchanges, watching YouTube videos, or profiting from bitcoin in 2021.
No, Feilant went directly to the source. "I studied the technical documentation on bitcoin and Efirium in detail, he says.
When I read those documents, I realized that cryptocurrencies make sense. When we asked about his name, Fireant explained that Korean private investors are often referred to as ali. "A friend of mine once said I'm like a fire ant because I'm always on the move, always in the market.
And the rest is history. The name has been forgotten.

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#TokenEconomy #news #CompassInvestments #CryptoNews

SHARE. Senator Cynthia Lummis has proposed a bill to adopt bitcoin as a U.S. strategic reserve, sparking bipartisan interest and widespread public support.

In July's #BTC Conference, Senator Cynthia Lummis, a prominent #cryptocurrency advocate, announced her intention to introduce a bill that would allow the U. S. government to adopt bitcoin as a strategic reserve asset. Just five days after her announcement, significant progress has been made on a bill that could be a landmark for the use and acceptance of #cryptocurrencies in the U. S.
pAccording to congressional records, on July 31, Senator Lummis of Wyoming introduced a bill directing the U. S. government to create a bitcoin strategic reserve program.
Speaking at the Bitcoin Conference in Nashville, Lummis explained that the bill would require the U. S. Treasury to purchase one million bitcoins worth about $60 billion over five years. Lummis compared the initiative to the U. S. Strategic Petroleum Reserve, saying that a large reserve of bitcoin would help strengthen the U. S. dollar. He also suggested that these assets could play an important role in reducing the national debt, which currently exceeds 35 trillion U. S. dollars.
the last three days, U. S. senators have received 2,200 letters from voters urging them to support Lummis's bill on a strategic bitcoin reserve. The most letters were received by Democrats - 1,333, Republicans - 850, and independents - 41.
The Lummis bill has now been referred to the Senate Committee on Banking, Housing and Urban Affairs. The committee will scrutinize the bill with experts. If the committee approves the bill, it will return to the Senate for debate and amendments before being voted on. Once approved by the Senate, the bill goes to the House of Representatives and, if passed, to the president.
According to CoinMarketCap, the total cryptocurrency market is valued at approximately $2.15 trillion and has fallen 0.84% in the past 24 hours.

U. S.

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#CryptoTrends #transscreen.ru

In a recent piece for Site X, Cardano founder Charles Hoskinson noted that the current Biden administration has taken a tough stance on the crypto industry over the past few years.

Mr. Hoskinson believes that the Biden-Harris administration has been aggressive towards the crypto industry and that there are no signs of improvement or a reset in their strategy. He warned that a vote for Kamala Harris would be detrimental to the U. S. crypto industry, suggesting that she would continue this alleged
"war on #cryptocurrencies .
Hoskinson's comments followed the Federal Reserve's recent actions against #cryptocurrency bank Customers Bank, which cryptocurrency watchers believe is a serious abuse of power and could stifle innovation in the cryptocurrency sector. Hoskinson countered Gemini co-founder Tyler Winklevoss, who argues that the so-called Operation Choke Point 2.0 is still in full swing. The 13-page lawsuit against Customers Bank orders the U. S. Federal Reserve to give 30 days' notice before establishing a new banking relationship with a cryptocurrency company.
Mr. Winklevoss emphasized the broader implications of the enforcement proceedings, noting that Customers Bank is one of the few remaining cryptocurrency banks in the United States. He stated that the FRB currently controls cryptocurrency companies' access to banking services, effectively determining who can and cannot open bank accounts, thereby limiting their options. In his opinion, if Harris wins, the number of licensed cryptocurrency companies could be as close to zero, if not zero.
This enforcement action is like the FRB playing with a Nerf gun. It's nothing more than a table setting. It's not even an appetizer. It's business as usual for the Fed because the election is right around the corner, and if Harris wins in November, the gloves will be off, Winklevoss said.

the meantime, former President Donald Trump repeatedly spoke out in favor of cryptocurrencies during the campaign. Most recently, Mr.
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#TokenEconomy #BlockchainFuture #Crypto2024

Lume Ofi, former secretary of the Blockchain Technology Association of Nigeria (SiBAN), supported the inclusion of cryptocurrency-related demands in the protest program.

Ofi told Cointelegraph:
"First of all, it's the right of citizens to make demands in favor of the state. In this case, it's a peaceful protest. Some of those demands were made by the organizers of the protests, so we can expect #cryptocurrencies to be there.
Ofi believes that favorable regulation of cryptocurrencies will attract significant investment, create jobs and economic growth.
"Let investors enter the industry and hire people. I am not in favor of destroying public property, but demanding the National Assembly to come up with friendly regulations should be part of that demand, he added.
the National #Blockchain Policy Steering Committee Chairman Chimezie Chuta, meanwhile, expressed a different viewpoint. He noted that the government has already taken significant steps to support the blockchain and #cryptocurrency industry in Nigeria; Mr. Chuta said that the steering committee was established to ensure the successful implementation of policies that address the numerous needs of the crypto industry. Mr. Chuta therefore sees no reason for the industry to protest against the policy.
Mr. Chuta also stressed that the sub-committee is working on a unified regulatory framework to clarify the operations of Virtual Asset Service Providers (VASPs) in the country. The committee comprises representatives of the Securities and Exchange Commission (SEC), National Security Agency (NSA), Central Bank of Nigeria (CBN) and National Information Technology Development Agency (NITDA).
Stakeholders in the Nigerian blockchain and fintech industry had earlier urged the government to put in place supportive regulations to facilitate the widespread adoption and effective implementation of the National Blockchain Policy.
Meanwhile, the SEC has launched a pre-assessment portal, where the potential
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#BlockchainFuture #CryptoAdoption

In response, Mr. Behnam acknowledged the unique technology behind bitcoin and digital assets and the need for a different approach to cybersecurity and operational resilience than traditional asset classes.

Meanwhile, Senator Cory Booker expressed concern about the prevalence of market abuse and the responsibility placed on the SEC and CFTC to address it. He noted that about half of the cases pending before the CFTC involve #cryptocurrencies , which he said is an
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Cryptocurrency critic Peter Schiff believes that the main cryptocurrency by market capitalization, bitcoin, has been in a bear market for several years.

Mr. Schiff noted that since reaching its current high in November 2021, the major #cryptocurrency has fallen 34% against gold.
On Saturday, #bitcoin fell to an intraday low of $59,839, its lowest level since July 14. Gold, on the other hand, recently hit a record high above US$2,500 an ounce.
earlier this week, Schiff also predicted that financial institutions could pressure #MicroStrategy , known as the largest bitcoin holder, to sell assets.
the meantime, the Fear and Greed bitcoin indicator, which helps gauge sentiment in the market.
shows that traders are feeling fear again. After the latest update, the indicator shows a score of 34 out of 100.
As reported by U. Today, major #cryptocurrencies witnessed an extremely impressive surge in sentiment last month. In less than a week, cryptocurrencies went from fear to greed thanks to a staggering price recovery.
this time around, however, bitcoin went from the most bullish sentiment in the past 16 months to fear in the same short period of time.
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#CryptoMarketTrends

Key Points. NYSE Arca proposes Rule 8.800-E on the listing of digital assets and investment products.

The new rule aims to expand investment opportunities and meet demand for a variety of assets.
NYSE Arca proposes Rule 8.800-E for the listing of commodity and digital asset-based securities. The rule is intended to expand investment opportunities, meet investor demand, and provide a regulated trading environment for these innovative products.
On October 29, 2024, NYSE Arca proposed that the SEC adopt a new rule (Rule 8.800-E) that would permit the listing and trading of innovative investment products based on commodity and #digital assets.
In connection with this rule, NYSE Arca is also proposing to list and trade shares of the #Grayscale Digital Large Cap Fund pursuant to this new rule.
the primary purpose of Rule 8.800-E is to expand the investment opportunities available on NYSE Arca by creating a framework for listing securities based on both physical commodities and digital assets.
the proposal would allow exchanges to consider trading investment income interests based on commodities and/or digital assets that meet the criteria of this rule pursuant to listed or unlisted trading privileges.
Such investment interests are defined as securities issued by a trust, limited liability company or similar organization that owns certain commodities, digital assets, derivative securities or cash.
The rules address investor demand for a variety of products that combine the growth potential of digital assets, such as #cryptocurrencies , with traditional commodity investments. By expanding the range of listed securities, NYSE Arca will facilitate new forms of exchange-traded products (ETPs) that provide access to these innovative asset classes in a safe and regulated environment.
Rule 8.800-E opens the door to a regulated space where investors can trade in commodity-backed securities and digital assets.

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