Institutional crypto OTC volumes double in 2024 on Trump win, ETFs: Finery

January 14, 2025 Coin Telegraph

The fourth quarter saw the largest jump in institutional crypto OTC trading as Donald Trump’s US election win fueled crypto spot trading to 2024 highs, said Finery Markets.

Institutional crypto over-the-counter (OTC) trading volumes rose 106% in 2024 — fueled largely by Republican Donald Trump’s US election win and demand for US spot crypto exchange-traded funds, according to Finery Markets.

The fourth quarter saw the largest jump, with Bitcoin (BTC), Ether (ETH) and stablecoin OTC trading volumes increasing 80%, 187% and 191% year-on-year, respectively. This came amid Trump’s victory and the incoming administration’s pro-crypto stance, said the crypto OTC infrastructure firm.

The second quarter rose 110% year-on-year — which Finery attributed to the “successful” US spot Bitcoin exchange-traded fund launches — while Q1 and Q3 also saw impressive OTC trading volume rises of 80% and 78%.

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Analyst Says One Crypto Sector Is Primed To Outperform in the Days Ahead – Here’s His Top Pick

January 2, 2025 The Daily Hodl

A widely followed crypto analyst says that one crypto sector appears as if it’s going to outpace the others in the coming days. In a new thread on Telegram, pseudonymous crypto trader Crypto Capo tells his audience on Telegram that the artificial intelligence (AI) sector will continue outperforming the rest of the digital assets industry. […]

The post Analyst Says One Crypto Sector Is Primed To Outperform in the Days Ahead – Here’s His Top Pick appeared first on The Daily Hodl.

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Americans expect stock boost in 2025, along with global, political conflict

January 1, 2025 Coin Telegraph

Banks

History shows a rise in stock market indexes may be accompanied by increasing Bitcoin and crypto market prices, albeit in a more volatile manner.

Two-thirds of Americans expect the stock market to gain in 2025, but about the same portion of people expect more political conflict within the US and international discord, a survey shows.

Management consulting firm Gallup surveyed up to 100,000 people registered in its multimode panel between Dec. 4-15, almost a full month after Republican Donald Trump won the US presidential election.

About 66% of respondents tipped 2025 to be a year when the stock market rises, marking a 30 percentage point increase from the 2023 outlook taken in December 2022, during a period of high inflation and low confidence in the economy.

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Monthly Bitcoin ATM additions in Australia hit 29-month streak

December 29, 2024 Coin Telegraph

2024

Australia has a total of 1,359 Bitcoin ATMs, which is about 3.5% of all crypto ATMs in the world.

Bitcoin automated teller machines (ATMs) in Australia increased monthly for over two years, pushing the number of crypto ATMs in the country near the total number of machines in Europe.

Crypto ATM data tracker Coin ATM Radar shows that in the last 29 months, Australia maintained a net positive addition of Bitcoin ATMs at a stretch. According to the data, Australia has 1,359 ATMs, which account for 3.5% of all Bitcoin ATMs across the globe. While the percentage seems low, Australia ranks third in the number of Bitcoin ATMs globally.

Crypto ATM removed or installed in Australia. Source: Coin ATM Radar

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Bitcoin Runes loses all momentum by 2024 end

December 26, 2024 Coin Telegraph

Analytics

The Bitcoin Runes protocol, which had a daily transaction count of over 750,000 on April 23, now struggles to reach 100,000 in December.

Transactions on the Runes protocol on the Bitcoin network experienced a significant drop in December, falling well below the highs reached during its more dominant months earlier in 2024.

After the Runes launch, the protocol consistently had the highest bandwidth on the Bitcoin network. On April 23, Runes had over 753,000 transactions, eclipsing the Ordinals protocol, BRC-20s and Bitcoin (BTC). The record accounted for more than 81% of all transactions in the Bitcoin blockchain.

Number of transactions in the Bitcoin Runes protocol. Source: Dune

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8,358 Bank Customers Exposed As Billion-Dollar Lender Reveals Data Breach, Warns Social Security Numbers and Account Details at Risk

December 21, 2024 The Daily Hodl

bank

A billion-dollar US bank is warning thousands of customers of a major data breach. According to a filing with the Office of the Maine Attorney General, 8,358 customers at Citizens Bank – which is the 16th-largest bank in the US by total assets – are impacted. The breach is attributed to “insider wrongdoing” believed to […]

The post 8,358 Bank Customers Exposed As Billion-Dollar Lender Reveals Data Breach, Warns Social Security Numbers and Account Details at Risk appeared first on The Daily Hodl.

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Bitcoin price weakens, but BTC derivatives remain healthy

December 3, 2024 Coin Telegraph

BTC

Bitcoin derivatives reflect traders' confidence in the market and suggest the current price action is just a consolidation phase.

Bitcoin (BTC) has struggled to rally above $98,000 from Nov. 25 to Dec. 2, frustrating investors despite achieving a 38% monthly gain. Market participants worry that prolonged consolidation below the $100,000 psychological barrier could embolden bearish strategies to suppress BTC's price.

Bitcoin 2-month futures annualized premium. Source: Laevitas.ch

Derivatives markets suggest resilience, with traders paying a 17% annualized premium for leveraged positions compared to the BTC spot price. While lower than the 40% levels typically observed during strong bull runs, the current premium reflects healthy bullish demand and does not indicate excessive optimism.

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Trump trade over? Bitcoin, Ethereum ETFs see first outflow since election

November 15, 2024 Coin Telegraph

Bitcoin

Spot crypto ETFs in the US saw outflows for the first time since Donald Trump was elected president, as both Bitcoin and Ethereum fell on the day.

United States-based spot Bitcoin and Ethereum exchange-traded funds (ETFs) bled on Thursday, ending a run of inflows since Donald Trump was elected president on Nov. 5.

Farside Investors shows the 11 Bitcoin ETFs together posted a net outflow of $400.7 million on Nov. 14 as Bitcoin (BTC) saw a drop on the day and was down 2% over the last 24 hours at $88,200.

The only two funds to see positive flows were BlackRock’s iShares Bitcoin Trust ETF, which had $126.5 million worth of net inflows alongside a minor $2.5 million flow into the VanEck Bitcoin ETF.

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MicroStrategy’s Bitcoin portfolio surpasses $20B, ROI now over 100%

November 11, 2024 Coin Telegraph

<div>MicroStrategy's Bitcoin portfolio surpasses B, ROI now over 100%</div>

Average Purchasing Price

The Bitcoin stacking firm has bought Bitcoin 42 times at a dollar cost average of $39,292, according to Bitcoin Treasuries data.

Business intelligence firm MicroStrategy’s Bitcoin stash has just crossed over $20 billion in value as Bitcoin rallied above $80,000.

MicroStrategy’s 252,200 Bitcoin (BTC) is now worth $20.54 billion — putting the company up over 104% on its Bitcoin investment strategy, according to “Saylor Tracker,” named after the firm’s executive chairman, Michael Saylor.

Source: Michael Saylor

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Withanage Foundation Bets Big on African AI With Launch of Research, Investment Program

November 10, 2024 Bitcoin.com

AI Adoption

The Withanage Foundation is launching a research and development program and $500 million investment vehicle to support AI development in African agriculture, finance, and governance. AI for Data-Driven Innovation The Swiss-based Withanage Foundation has launched a research and development program to support Africa-focused artificial intelligence (AI) platforms. The launch precedes the expected announcement of a […]

Data

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