Cryptocurrency

Bitcoin dominance is a gauge of the coin’s relative share of market capitalization in comparison to the broader crypto market. It hit a three-year high, at around 59%, in late-November, before falling sharply to 53.9% by Friday, data from Coinmarketcap showed.  Total (EPA:TTEF) crypto market capitalization hit a record high of $3.7 trillion on Thursday, driven chiefly by Bitcoin’s rally. The latest point of support came from Trump nominating pro-crypto lawyer Paul Atkins as the next Chairman of the Securities and Exchange Commission. Citi analysts noted the prospect of regulatory clarity, adding that recent macro factors also presented a positive picture for crypto. But they warned that regulatory clarity could open more use cases for crypto and broaden the asset class’s appeal, fostering strength in coins and tokens beyond Bitcoin. “Over the long-term, we think a network’s utility or value will be related to usage, as well as macro correlations and production costs. A new regulatory regime may unlock further or broader use cases for blockchain assets,” Citi analysts wrote.In such a scenario, Bitcoin- which is already treated as a commodity- “has less to benefit than others,” Citi warned.  The brokerage also joined a slew of its peers in warning that Bitcoin’s use as a reserve asset was unlikely to happen. Bitcoin fell sharply from its peaks above $100,000 on Thursday, steadying around $97,000 in volatile trade on Friday. More

Creditcoin, Spacecoin, Sui, and Walrus jointly announced a strategic partnership to collaborate in a novel decentralized finance project combining their respective strengths in providing internet access, computing, and storage. This collaboration aims to improve connectivity and access to financial services, especially for remote and underserved regions via decentralized satellite infrastructure.The initiative will integrate decentralized infrastructure across multiple layers:The partnership’s integrated approach prioritizes practical solutions to real-world problems, helping to bridge access to both the internet and financial services for the nearly 37% of the global population that currently has no internet connectivity. enabling users in underserved regions to participate in the global digital economy and build credit histories while accessing modern internet and financial tools.About CreditcoinCreditcoin is a Layer 1 blockchain connecting borrowers and lenders in emerging markets, creating a transparent credit network. By recording loan transactions on-chain, Creditcoin enables borrowers to build verifiable credit histories while providing lenders with trustless transparency. With ultra-low fees, enterprise-grade security, and cross-chain liquidity, Creditcoin empowers financial inclusion and opens new opportunities for fair credit access globally. Learn more: https://creditcoin.org/About SpacecoinSpacecoin is the world’s first DePIN project to harness blockchain and LEO communication nanosatellites. With a satellite-based network, Spacecoin aims to deliver high-speed, decentralized internet access to remote and underserved regions globally. Using Creditcoin’s Layer 1 infrastructure, Spacecoin will manage satellite operations for governance, payments, and resource allocation on-chain. Learn more: https://spacecoin.org/About SuiSui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the ground up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build user-friendly experiences. For more information about Sui, please visit https://sui.io.About WalrusWalrus is a next-generation decentralized storage network for data and rich media content such as large text files, videos, images, and audio. Leveraging innovations in erasure coding, Walrus offers exceptional data availability and robustness with minimal replication overhead for cost efficiency. Powered by Sui as the coordination layer, Walrus scales to hundreds or thousands of networked decentralized storage nodes without compromising performance. Learn more: https://www.walrus.xyz/. ContactHead of MarketingAlan Kongalan.kong@gluwa.comThis article was originally published on Chainwire More

Metaplex, the blockchain protocol used to create virtually every token, memecoin, and NFT on Solana, saw record-breaking protocol fees in November, fueled by a surge in digital asset creation on Solana. Rise in Solana Token Creation Drives Record Protocol GrowthAs the protocol behind virtually all token creation on Solana, Metaplex has emerged as a primary beneficiary of the extraordinary surge in digital asset creation on the Solana network.This exponential level of activity, encompassing everything from memecoins to AI tokens and NFTs, directly contributes to Metaplex’s protocol fees. This increased protocol fee generation has in turn funded record-breaking $MPLX token purchases for the Metaplex DAO.Since June 2024, 50% of the prior month’s protocol fees and a portion of the historical fees have been allocated to funding $MPLX token purchases for contribution to the DAO. In November 2024, this culminated in 12k SOL worth of $MPLX purchases — equivalent to approximately $3 million at current prices, marking a substantial 58% increase month-over-month and signifying the largest monthly $MPLX token purchases to date.Building on this momentum, Metaplex’s November protocol fees hit an all-time high of $3.5 million, setting the stage for even larger allocations for $MPLX purchases in December.Record-Breaking Metaplex Protocol Metrics in NovemberNovember’s protocol activity shattered previous records across multiple metrics:Website: https://www.metaplex.com/X: https://x.com/metaplexDiscord: https://discord.com/invite/6FaDSP2zmsContactMarketingDanForgddan@forgd.comThis article was originally published on Chainwire More

Back in January 2009, when Bitcoin was still obscure, Finney shared a bold thought experiment that has since become legendary in crypto circles. He figured that if Bitcoin took off and became the go-to global payment system, its value could theoretically match the total wealth of the world.He used the estimates of global household wealth – which ranged from $100 trillion to $300 trillion – to calculate a potential price of $10 million per Bitcoin, assuming a total supply of 20 million coins.The $100,000 milestone has prompted many to revisit this crazy prediction, including Adam Back, a well-known figure in the crypto space and an early contributor to Bitcoin’s development. In a recent post, Adam Back looked back at Bitcoin’s growth trajectory and noted that its previous leap from $1,000 to $100,000 took just under eight years. If things keep going the same way, Back thinks Bitcoin could reach the next phase of exponential growth by the early 2030s.Hal Finney’s vision from 2009 was not meant to be a traditional prediction. It was more of a thought-provoking look at what Bitcoin could become. Today, as Bitcoin reaches a new six-figure high, Finney’s thoughts serve as a reminder of the big ambitions and possibilities that have defined the cryptocurrency since it first started. Could Bitcoin ever reach the values Finney imagined? While the future is unclear, today’s milestone suggests that his early ideas were not completely off the mark.This article was originally published on U.Today More

Known for his humor and candor, Markus tweeted, “Bitcoin hasn’t broken $200k today. I am bored.” While the tone was playful, the underlying sentiment sparks speculation about Markus’s expectations for Bitcoin’s price action.Bitcoin reaching the $200,000 mark is an ambitious goal that many have debated in the past. While Markus’s tweet may have been lighthearted, it aligns with the narrative that Bitcoin might hit new highs, considering that it took a 135% year-to-date surge for it to surpass $100,000, and the largest cryptocurrency by market capitalization is no stranger to such dramatic price moves.The crypto community reacted to the Dogecoin cofounder’s tweet, with many viewing it as another example of his signature wit.Whether Markus’s tweet was a serious forecast or just playful banter, it has reignited discussions about Bitcoin’s potential trajectory. While $200,000 might seem far off, anything is possible. For now, Bitcoin is currently trading below $200,000, but Markus’ boredom may not continue forever.Michael Saylor, cofounder and chairman of MicroStrategy, reacted to the milestone by declaring, “There is going to be a 100K Party.”Bitcoin’s price climb continued on Thursday, topping $104,000 on Coinbase (NASDAQ:COIN). Bitcoin was last up 7.24% at $102,896 as of writing, according to CoinMarketCap data.A price just north of $100,000 has increased Bitcoin’s market worth to more than $2 trillion, making it a greater financial asset than all but a few public firms, including Nvidia Corp . (NASDAQ:NVDA) and Apple Inc (NASDAQ:AAPL). And $2 trillion is roughly the market value of the entire FTSE 100 Index of British stocks.This article was originally published on U.Today More

Richard Teng, CEO of Binance, gave a measured take on the moment, focusing less on the number itself and more on the underlying momentum that has brought Bitcoin (BTC) to this point. He sees the milestone as a sign of a maturing ecosystem. That ecosystem has been shaped by years of innovation, resilience and relentless building by its community. Teng saw this as a big moment not just for Bitcoin but for the wider financial world too. He hinted that we could be seeing a shift in how things are done, driven by technology that is more decentralized.Bitcoin’s journey to six figures has had its share of bumps in the road. From its first release in 2008 to the wild ups and downs of its early years, Bitcoin has kept everyone guessing. Its early adopters faced skepticism, were sometimes dismissed as idealists and faced questions about its utility. But with each challenge, the cryptocurrency got stronger — either because of technical improvements, more interest from institutions or because it was accepted as legal tender in countries like El Salvador.Teng pointed out that Bitcoin has proven it can hold its own in the face of regulatory pressure, economic uncertainty and industry scandals. This shows it is becoming more mature. While this is a big deal, Teng was looking ahead. He thinks Bitcoin is still in the early stages of disrupting, transforming and rebuilding global finance. The future is unclear, but for BTC, milestones like this are not the end. They are just the beginning.This article was originally published on U.Today More

The recent addition takes Semler Scientific’s cumulative Bitcoin holding to 1,873 BTC. This total haul cost the company $147.1 million at an average acquisition price of $78,553 per Bitcoin.With the current price of Bitcoin trading at $102,411 as of this writing, Semler Scientific already has made a profit of $1,700,436 on its 303 BTC purchase. However, based on its total holding of 1,873 BTC, Semler’s profit margin is approximately $44,686,034.This margin highlights the profitability of Bitcoin to Semler Scientific since betting on the asset. This indicates that the company’s approach has surpassed traditional treasury strategies for investment.Michael Saylor, the executive chairman of MicroStrategy, remains a Bitcoin enthusiast with an unshaken belief in the asset. Saylor recently gave a three-minute presentation to Microsoft’s Board of Directors on why the tech giant should embrace Bitcoin. Saylor has always emphasized that Bitcoin has assisted MicroStrategy in outpacing every stock in the S&P 500 index and recommends it to others.Besides Semler Scientific, the Japanese publicly traded firm Metaplanet is also following the playbook of MicroStrategy in the acquisition of Bitcoin. As of October, Metaplanet has raised its total Bitcoin holdings to 1,018.17 BTC.This article was originally published on U.Today More

MicroStrategy soared 6.1%, while Robinhood Markets (NASDAQ:HOOD) and Coinbase Global (NASDAQ:COIN) rose 4.3% and 3.5%, respectively. Mara Holdings and Riot Platforms (NASDAQ:RIOT) increased approximately 6% and 4%, respectively, according to CNBC data.As of Wednesday’s close, MicroStrategy’s stock was up 542.8% year to date. Robinhood is up more than 200%, while Coinbase has nearly doubled. Mara Holdings has underperformed the pack with a 10.5% increase.MicroStrategy’s aggressive Bitcoin acquisition strategy has boosted MSTR stock growth. According to Michael Saylor, MicroStrategy’s cofounder and chairman, the company raised $13.5 billion and bought 149,880 BTC for about $90,231 in November.The company increased its BTC holdings this week; on Dec. 2, MicroStrategy revealed that it had acquired 15,400 BTC for over $1.5 billion, or around $95,976 per Bitcoin, and had achieved a BTC yield of 38.7% QTD and 63.3% YTD. As of Dec. 2, MicroStrategy holds 402,100 BTC acquired for $23.4 billion, or nearly $58,263 per Bitcoin.Investors have also flooded into leveraged MicroStrategy ETFs, according to a JPMorgan research note released on Wednesday.Bitcoin was last up 7.24% at $102,896 at the time of writing, according to CoinMarketCap data. In 2024, Bitcoin has increased by more than 140% this year. The recent pick of pro-crypto Paul Atkins as SEC chairman has helped to fuel the increase.Speaking at the DealBook conference on Wednesday, Federal Reserve Chair Jerome Powell described Bitcoin as “just like gold, only it’s virtual, it’s digital.” He clarified that “people are not utilizing it as a form of money, or as a store of value” and that “it’s not a competition for the dollar, it’s really a competitor for gold.”This article was originally published on U.Today More