It has been 11 months since the US spot Bitcoin ETF was listed on January 11. How has the BTC ETF developed?

According to DefiLlama, cryptocurrency startups received nearly $800 million in venture capital in November. Although this was the fourth highest month of funding this year, it was still down 8% from October. Among them, the blockchain gaming sector raised about $71 million, with Monkey Tilt leading the field with $30 million in funding (led by Pantera Capital). In November, venture capital institutions invested more than $583 million in startups developing cryptocurrency-related infrastructure, making it the highest-funded track. Mainly including $40 million in funding for Zero Gravity Labs and $30 million in funding for Bitcoin mining company Canaan Creative. Following the recovery from September to October, the monthly funding amount of the DeFi ecosystem increased by 31% to $128.2 million. (CryptoSlate)

Kraken Australia operator Bit Trade must pay $5 million plus the cost of court proceedings after the Federal Court sided with the country’s corporate watchdog. source: https://cointelegraph.com/news/kraken-australia-5-million-fine-corporate-regulator-lawsuit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

The post Crypto News Today (Dec 12, 2024): Bitcoin Reclaims $100k | Aave Leads Top 100 Altcoins! appeared first on Coinpedia Fintech News The crypto market today has been super optimistic with the market capitalization of the industry soaring by 5.25% to $3.64 trillion. This move was catalyzed by Bitcoin reclaiming the $100k mark on its daily chart. Despite the greenish numbers, the trading... source: https://coinpedia.org/news/crypto-news-today-dec-12-2024-bitcoin-reclaims-100k-aave-leads-top-100-altcoins/

At the MrBlock Summit held in Taiwan, China, Sun Yuchen, founder of TRON and member of the Global Advisory Committee of Huobi HTX, delivered a video speech. He said that the real meaning behind this wave of gains is not just a price fluctuation, but also a re-recognition and affirmation of valuable assets by the market. He emphasized that the wheel of time is rolling forward. After the alternation of madness and calmness in 2017, the cryptocurrency market has gradually faded from its immaturity and entered a more mature and stable development stage. Today's cryptocurrency market is no longer a simple concept hype field, but has turned to in-depth exploration of technological innovation and practical application value.

According to official news, OKX Exchange now supports the function of searching and trading DEX tokens, becoming one of the first mainstream exchanges to achieve a seamless DEX token trading experience. Users only need to enter the token name or contract address in the OKX exchange search bar to quickly discover and trade more than 10 million tokens provided by DEX. Users who already have an OKX Web3 wallet can jump directly to the transaction details page, while users who have not yet opened it can create a wallet and complete transactions in real time in just a few steps without frequently switching between CEX and DEX platforms. It is reported that this function is one of the key measures for OKX to promote the integration of CeFi and DeFi. OKX is committed to creating a seamless trading experience between on-chain and off-chain for users, allowing users to discover more opportunities in their exploration.

According to Ai Yi, an on-chain analyst, a whale that entered the market out of FOMO when ai16z was at its previous high finally cleared its position in the past two days. The whale’s address had invested $1.023 million in ai16z at an average price of $0.2044, which was cut in half and resulted in a floating loss of $535,000. After 16 days of holding the order, the price finally reached a new high. The address has cleared all tokens in batches at an average price of $0.58698 in the past two days, and finally made a profit of $1.9 million.

LINE NEXTは12月12日、LINEメッセンジャーを基盤としたミニDapp（分散型アプリケーション）およびDappポータル「Dapp PORTAL」を20 ... The post LINE、ミニゲームDappポータルを2025年第1四半期にリリース──「クレしん」「キャプ翼」など採用 first appeared on CoinDesk JAPAN（コインデスク・ジャパン）. source: https://www.coindeskjapan.com/266475/

The post XRP News Now: Why Ripple’s RLUSD Outshines USDT and USDC? appeared first on Coinpedia Fintech News Earlier, there were rumours that the New York Department of Financial Services was seriously considering Ripple’s request to launch the company’s stablecoin, RLUSD. Marking an end to speculations, yesterday, Brad Garlinghouse, the CEO of Ripple Labs, confirmed that the company received... source: https://coinpedia.org/news/xrp-news-now-why-ripples-rlusd-outshines-usdt-and-usdc/

Overnight, BTC gained momentum again and reached $100,000. Some netizens found that the top 50 altcoins and meme coins that hit new highs in the last bull market, i.e. 2021-2022, did not outperform BTC in terms of market capitalization.

According to Odaily, Digital Currency Group (DCG) has announced the division of its Foundry mining operations into two separate entities: Fortitude Mining and Foundry. Fortitude Mining will take over Foundry's previous self-mining activities and physical infrastructure, while Foundry will continue to manage its mining pool operations and other Bitcoin mining services. This strategic move is part of DCG's efforts to realign its business for future growth. In a letter to shareholders, DCG expressed confidence that Fortitude, as an independent entity, will be stronger and more effective. Consequently, Fortitude will become a wholly-owned subsidiary of DCG. To ensure a smooth transition, DCG plans to integrate some of Foundry's leadership into the new subsidiary. Additionally, DCG intends to recruit external employees to provide further support and raise funds. Fortitude has already begun requesting invoices from hosting service providers for the new entity, a process that has been ongoing for at least a month. Previously, it was reported that Foundry, the world's largest Bitcoin mining pool, underwent a restructuring process that resulted in a 27% reduction in its workforce. This downsizing affected 16% of Foundry's employees in the United States and some team members in India.

Currently, natural gas is in high demand from Bitcoin miners and AI data center operators. Mohamed El-Masri, managing partner of Hodler Investments and CEO of PermianChain, a tokenized energy trading platform, believes that recovering energy from natural gas combustion could be a $16 billion business opportunity. He said that most of the current demand for natural gas can be met by converting natural gas (a stranded energy) produced by natural gas combustion into convertible energy for mining operations and high-performance computing. El-Masri said: "The world burns 147,000,000,000 cubic meters of natural gas each year, and if this natural gas is sold to the market, the potential sales revenue or cash flow could be equivalent to $16 billion per year." El-Masri explained: "It turns out that the valuation of natural gas for Bitcoin mining or the equivalent price per MCF or MMBtu is 12 times higher than any metric used by countries." Converting idle energy into financial assets highlights the power of crypto mining and RWA tokenization in promoting sustainable development. (Cointelegraph)

People frequently search for general concepts like “crypto,” “blockchain,” and “token.” Unsurprisingly, the volume of searches for these keywords is directly proportional to the upward movement of the market.

Google introduced Gemini 2.0, its most advanced multimodal AI, designed for versatile tasks with unmatched capability. Wider access is planned for next year, marking a leap in AI innovation.

A Florida mother sued Character.AI, claiming its chatbot encouraged her son's suicide, sparking broader concerns. Two Texas families have now filed lawsuits, alleging the app harmed their children through psychological abuse and exposure to sexualised content.

Tesla and SpaceX boss Elon Musk's net worth has officially exceeded $400 billion, setting a new record for the world's richest person according to the Bloomberg report.

Google has several experimental AI assistant projects that do different things, like helping users play video games and conduct in-depth research.

Crypto phishing scams are growing more advanced, using social engineering and malware to exploit social media users. Scam Sniffer reports attackers impersonate crypto influencers and use bots to mimic verification, raising the pressing question: Are scams evolving faster than we can fight them?

Once primarily used for cryptocurrency trading, stablecoins have now become versatile tools for everyday use cases, providing broad utility to the crypto-native ecosystem and TradFi.

Circle and Binance have revealed their strategic partnership during Abu Dhabi Finance Week to promote USDC, a stablecoin jointly owned by Circle and Coinbase.