MicroStrategy may have increased its holdings of BTC; Aave and MakerDAO performed well in 2024

Headline

▌Adam Back: MicroStrategy may have increased its holdings of BTC

Blockstream founder Adam Back posted on the X platform: "I think MicroStrategy has completed the purchase of Bitcoin, but it must be announced to the market through an 8-K filing before or after the normal trading hours of the stock market." 

Previously, MicroStrategy founder Michael Saylor released information related to Bitcoin Tracker for the ninth consecutive week.

▌Analysis: Aave and MakerDAO performed well in 2024, and DeFi protocol revenue returned to its 2021 high driven by new platforms

Various DeFi protocols generated a lot of revenue in 2024, with revenue data for many mature protocols close to their 2021 highs, while newer platforms established themselves as key contributors. Pump.fun is the most eye-catching highlight of the Solana ecosystem this year. In 2024, Pump.fun generated $313 million in fees, an average of $31 million per month, and an average monthly growth rate of nearly 77%. Jito started with only $5 million in fees in January, and Jito grew at an average monthly rate of 79%, reaching a total of $603 million in fees by the end of the year. Ethena, meanwhile, went from just $1.7 million in fees in January 2024 to collecting more than $267 million in fees by the end of the year. It is worth noting that more than 54% of Ethena's full-year revenue was generated in the last three months, during which time the figure grew at an average monthly rate of 150%. MakerDAO, on the other hand, far exceeded its all-time high revenue figures of $12.8 million in May 2021 and $32.6 million in April 2024. At the time of writing, MakerDAO generated nearly $40 million in revenue in December, a 38% increase from the previous month. It also generated more than $313 million in fees for the full year, a 176% increase from 2023. Despite the revenue growth, the MKR token is down 10% for the year. For Aave, 2024 marks a recovery in revenue near all-time highs, with December revenue reaching $60.9 million, close to its October 2021 peak of $65.39 million. For the full year, Aave's total fee revenue was $389 million, an average of $32.4 million per month, with a steady monthly growth rate of 14%. This represents a 244% increase in annual revenue over 2023. Against this backdrop, the Aave token has soared more than 200% this year.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $98,454.21, with a daily increase or decrease of +0.3%;

ETH's latest transaction price is $3,638.54, with a daily increase or decrease of -0.5%;

BNB's latest transaction price is $710.09, with a daily increase or decrease of -0.4%;

SOL's latest transaction price is $213.76, with a daily increase or decrease of -0. style="color: rgb(255, 0, 0);">-1.4%；

DOGE's latest transaction price is 0.3819 yuan, with a daily increase or decrease of -3.0%；

XPR's latest transaction price is 2.40 US dollars, with a daily increase or decrease of -0.7%.

Policy

▌Senator Cynthia Lummis: Reserve Bitcoin Can Help the US Dollar Stay Strong

US crypto-friendly Senator Cynthia Lummis said that reserve Bitcoin can help the US dollar stay strong.

Blockchain Applications

▌Social Capital CEO: Stablecoins will become a key tool for wholesale transactions in 2025

Social Capital CEO Chamath Palihapitiya predicts that stablecoin adoption will soar in 2025 and become a key tool for wholesale transactions. He noted that by 2024, the use of stablecoins will be decoupled from cryptocurrency transactions, with more than 1.1 billion transactions and a settlement amount of $8.5 trillion, more than twice Visa's transaction volume.

Palihapitiya believes that this growth will challenge the duopoly of Visa and Mastercard, especially as credit card rates rise. He also talked about regulatory issues, emphasizing that blockchain technology provides transparency and traceability for transactions. Last year, he predicted that Bitcoin would achieve mainstream adoption in 2024.

Cryptocurrency

▌Kontrol Technologies, a Canadian public company, holds 25 BTC

Kontrol Technologies Corp., a Canadian public company, announced the addition of multiple new city clients (clients) after completing multiple successful RFPs (Request for Proposals). Kontrol won these opportunities by competing against larger organizations and Kontrol will provide its sustainability solutions to multiple buildings in its client portfolio.  

Further to the press release on November 8, 2024, the Company has accelerated its Bitcoin strategy on its balance sheet and currently holds approximately $3 million in Bitcoin or Bitcoin-related tokens on its balance sheet.

▌Ripple CEO: 75% of Ripple's job openings are now in the United States

Ripple CEO Brad Garlinghouse announced that 75% of Ripple Labs' job openings are now in the United States, and that the company has made more deals and partnerships in the United States after the November 2024 election than in the previous six months. Garlinghouse attributed these changes to the incoming Trump administration and Donald Trump's pro-cryptocurrency rhetoric.

▌10x Research: Expect a good start to the year, followed by a slight decline before the release of CPI data on January 15

10x Research noted in its market analysis that while some initial enthusiasm is expected at the beginning of the new year, it is not yet time to experience the kind of bullish sentiment that occurred in late January to March 2024 or late September to mid-December. The year is expected to start well, followed by a slight pullback ahead of the release of CPI data on January 15. Favorable inflation data could reignite optimism and drive a rally ahead of Trump's inauguration on January 20. However, the momentum could falter and the market could pull back a bit ahead of the FOMC meeting on January 29. From January to mid-November 2024, Bitcoin's dominance rose from 50% to 60%, creating significant headwinds for altcoins. While the dominance metric briefly fell to 53% over a three-week period (sparking hopes of an altcoin season), it quickly rebounded to nearly 58% before stabilizing around 55%. This consolidation highlights Bitcoin's enduring dominance as a key driver of the crypto market, while also signaling possible challenges for altcoins unless the Bitcoin dominance metric falls again.

▌El Salvador currently owns 6,009.18 bitcoins

According to The Bitcoin Office in El Salvador, El Salvador currently owns 6,009.18 bitcoins, worth more than $591 million.

▌The TON network has currently been pledged down to 672.8 million TONs, accounting for 26.50% of the circulating supply

According to tonscan data, the TON network has currently been pledged down to 672.8 million TONs, accounting for 26.50% of the circulating supply (2.539 billion). In addition, the current pledge APY is 5.5%, and the network has a total of 386 verification nodes.

▌In the past 24 hours, the entire network has been liquidated for $126 million, mainly in long positions

According to Coinglass data, in the past 24 hours, the entire network has been liquidated for $126 million, of which long positions have been liquidated for $79.2533 million and short positions have been liquidated for $46.834 million.

Important Economic Dynamics

▌The probability of the Federal Reserve keeping interest rates unchanged in January is 88.8%

According to CME's "Federal Reserve Watch": The probability of the Federal Reserve keeping interest rates unchanged in January is 88.8%, and the probability of a 25 basis point rate cut is 11.2%. The probability of maintaining the current interest rate unchanged by March is 53.3%, the probability of a cumulative 25 basis point rate cut is 42.2%, and the probability of a cumulative 50 basis point rate cut is 4.5%.

▌Nordic Bank Strategist: US monetary policy has entered a new phase where rate cuts depend on falling inflation or a weaker job market

Lars Mouland, credit and interest rate strategist at Nordic Bank: US monetary policy has entered a new phase where rate cuts depend on falling inflation or a weaker job market. Interest rates may end up being higher than market expectations.

Golden Encyclopedia

▌What is Compressed NFT?

CNFT is a newer non-fungible token that uses state compression technology to store data more efficiently on Solana. Unlike traditional NFTs that store all token metadata directly on the chain or through external links (such as IPFS), cNFT uses Merkle trees to optimize data storage.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish the correct investment concept and be sure to increase risk awareness.