Suspected insider wallets net $20M on Solana’s Focai memecoin launch
A group of at least 15 suspected insider wallets have been identified as the top holders of the FOCAI token, owning over 60.5% of the total supply. These wallets were able to acquire the tokens before the public launch, resulting in an incredible 136,000-fold return on their initial investment.
Bitcoin ETF inflows rebound to 6-week highs as BTC price reclaims $97K
As the first week of Wall Street trading comes to a close, Bitcoin is showing a distinct change in attitude. However, despite this shift, the price of BTC still needs to win over cautious traders. This is evident in the latest market trends, as seen in the image on the right, which shows a graph of Bitcoin’s performance. The cryptocurrency has been on a rollercoaster ride, with its value fluctuating greatly in recent times. While some investors remain skeptical, others are optimistic about the future of Bitcoin and its potential for growth. Only time will tell if BTC can truly win over the hesitant traders and solidify its position in the financial world.
Crypto’s record-breaking year sees spike in kidnappings and ransom schemes
As the cryptocurrency industry continues to grow, traders and investors are facing an increasing number of risks, including ransomware attacks, kidnappings, and extortion. This trend is highlighted by recent incidents of cybercrime, such as the rise in ransomware attacks and the targeting of crypto traders and investors for extortion and kidnapping. These threats serve as a reminder of the importance of staying vigilant and taking necessary precautions to protect oneself and one’s assets in the ever-evolving world of cryptocurrency.
$19 trillion in transactions settled on the Bitcoin network in 2024
With a current market capitalization of approximately $1.9 trillion, Bitcoin has surpassed silver’s market cap of $1.6 trillion in 2024. This milestone further solidifies Bitcoin’s position as the leading cryptocurrency in the market, with its value continuing to rise and outpace traditional assets like silver. As more and more investors turn to Bitcoin as a store of value and a hedge against inflation, its market cap is expected to continue growing and potentially surpass even larger assets in the future.
BTC exchange inflow and miner outflow drop — BTC to reclaim $100K?
On December 17, 2024, the value of Bitcoin reached an unprecedented peak of $108,000. However, in the weeks following this milestone, the cryptocurrency has experienced a significant decrease of over 10%. This fluctuation in price has caused speculation and uncertainty among investors and enthusiasts alike. Despite this recent dip, Bitcoin remains a highly sought-after digital asset with a strong track record of growth and resilience. As the market continues to evolve, it will be interesting to see how Bitcoin’s value will be impacted in the future.
BTC exchange inflow and miner outflow drop — BTC to reclaim $100K?
On December 17, 2024, the value of Bitcoin reached an unprecedented peak of $108,000. However, in the weeks following this milestone, the cryptocurrency has experienced a significant decrease of over 10%. This fluctuation in price has caused speculation and uncertainty among investors and enthusiasts alike. Despite this recent dip, Bitcoin remains a highly sought-after digital asset with a strong track record of growth and resilience. As the market continues to evolve, it will be interesting to see how Bitcoin’s value will be impacted in the future.
Elon Musk announces change to X algorithm, faces backlash
After the announcement of the proposed alteration, freelance reporter James Li inquired of Musk, “What criteria does the algorithm use to identify ‘negativity’?” Additionally, Li’s question was accompanied by a visual representation, as seen in the image on the right, which shows the CEO of Tesla and SpaceX, Elon Musk, responding to the query.
Pro-crypto lawyer John Deaton offers to probe Operation Chokepoint 2.0
Deaton emphasized the importance of investigating Operation Chokepoint 2.0, warning that failure to do so could set a dangerous precedent for regulatory bodies to suppress individuals or entities they disapprove of. He urged for action to be taken, stating that ignoring this issue would have serious consequences. To illustrate his point, Deaton referenced the potential consequences of allowing Operation Chokepoint 2.0 to continue unchecked, using the example of a recent image depicting the suppression of a person by a regulatory body. The image, which can be seen on the right, shows a person being held down by a regulatory body, symbolizing the potential suppression of individuals or entities by regulatory bodies if Operation Chokepoint 2.0 is not addressed.
Ether may ‘struggle’ in 2025, SOL ETF odds rise, and more: Hodler’s Digest, Dec. 29 – Jan. 4
A VanEck analyst is hopeful that a SOL ETF will be listed in 2025, while Do Kwon, co-founder of Terraform Labs, maintains his innocence in a recent legal case. This is the latest news in this week’s edition of Hodler’s Digest. Additionally, a new image has been released showcasing the potential of the cryptocurrency market.
Crypto wallet Phantom confirms it won’t launch a token amid airdrop rumors
There has been speculation surrounding Phantom’s recent announcement of a new social discovery feature, with some rumors suggesting that users may have the opportunity to earn tokens by increasing their number of followers. This news comes after the company unveiled their latest feature, which has sparked excitement and curiosity among users. The feature promises to enhance the social experience on the platform and potentially provide additional benefits for active and engaged users. With the potential for token rewards, many are eagerly anticipating the release of this new feature and its potential impact on the platform’s community.