BTC is currently trading around $100,900 and ETH around $3,950. Notable gainers in the last 24 hours are VIRTUAL, ONDO, and HBAR. The global crypto market cap is $3.81T, down 1.4% over the last day. DeFi Total Value Locked is ~$136b and BTC dominance is around 56%.
Notable news includes: the Bank of England issued a directive requiring businesses to disclose their current and anticipated exposure to crypto assets by March 2025; a Japanese lawmaker submitted a written request asking the government to create a national Bitcoin reserve; pro-crypto US Congressman French Hill was chosen to chair the House Financial Services Committee; a Satoshi era Bitcoin buyer was jailed for two years in the first US crypto tax evasion sentencing; Societe Generale carried out a blockchain-based repurchase agreement with France’s central bank; Solana became the top ecosystem for new developers in 2024, per Electric Capital; Sui partnered with Ant Digital Technologies to tokenize ESG-backed real world assets; the Eigen Foundation pledged 1% of EIGEN to support the development of Ethereum; Ethereum layer 2 ZKsync announced a goal of achieving 10,000 TPS by 2025; the World Liberty Financial community approved a proposal to launch an instance of Aave v3; the Polygon community is evaluating a proposal to use $1b in stablecoin reserves in the PoS Chain bridge to generate yield; and, Sushi released its 2025 roadmap outlining five potential product launches.
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Author:
Brian Rudick, Head of Research | Twitter, Telegram, LinkedIn
Carlos Guzman, Research Analyst | Twitter, Telegram, LinkedIn
Toe Bautista, Research Analyst | Twitter, Telegram, LinkedIn
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