Category: Cryptocurrency News

Michael Saylor’s bitcoin poll shows 77.7% of investors plan to boost their bitcoin holdings in 2025, signaling strong confidence in the cryptocurrency’s long-term potential. Saylor’s Poll Reflects Bitcoin Bullishness Among Investors Michael Saylor, the executive chairman of software intelligence firm Microstrategy (Nasdaq: MSTR) and a notable advocate in the bitcoin community, conducted a poll on […]

Leading decentralized finance (DeFi) platform Aave has reached a significant milestone, hitting $35 billion in total net deposits. This marks Aave’s new all-time high (ATH) in net deposits since 2021. Aave Hits $35 Billion In Net Deposits – What’s Ahead? In an announcement made yesterday, the leading DeFi lending protocol Aave revealed that it had reached a new ATH in net deposits since 2021. With $35 billion in net deposits, Aave has solidified its position as the largest DeFi protocol at the time of writing. Related Reading: AAVE Price Soars 26% In A Single Week — Will Rising FOMO Lead To A Bust? To put this into perspective, Aave’s net deposits were $5.5 billion at the end of 2022, increasing to $10 billion by the close of 2023. The current figure of $35 billion at the end of 2024 reflects an astounding surge of over 535% in just two years. The year 2024 proved to be transformative for Aave, with the protocol experiencing heightened user adoption across multiple blockchains. Throughout the year, Aave added support for five new markets, including BNB Chain, Scroll, ZKsync Era, and Ether.fi. According to the announcement, Aave is poised to expand further by potentially adding support for six additional blockchains. These include Mantle, Sonic, Linea, BOB, Spider Chain, and Aptos, pending approval by the Aave decentralized autonomous organization (DAO). For the uninitiated, a DAO is a blockchain-based entity governed by smart contracts and decentralized voting, where decisions are made collectively by token holders without any central authority. DAOs enable transparent, democratic management of protocols in a trustless environment. In addition to expanding to new blockchain markets, Aave launched its latest protocol upgrade, Aave V4. This upgrade introduces significant improvements, such as enhanced modularity, reduced governance overhead, optimized capital efficiency, and innovative features like the Hub and Spoke liquidity architecture. Moreover, Aave’s decentralized, overcollateralized stablecoin GHO is set to witness increased adoption. Plans are in motion to expand its cross-chain support across various smart contract platforms, including Coinbase’s Base and Avalanche (AVAX), by early 2025. DeFi To Make A Comeback In 2025? Following Donald Trump’s victory in the November 2024 U.S. presidential election, DeFi tokens have experienced a significant surge, driven by optimism surrounding favorable cryptocurrency regulations under the new administration. Related Reading: Chainlink And AAVE Surge After Trump’s Crypto Project Invests In Both Additionally, DeFi protocols have become increasingly secure, fostering greater user trust and leading to higher deposit volumes and a larger total value locked (TVL). A recent report highlighted that DeFi exploits decreased by 40% in 2024 compared to 2023, signaling improved security across the ecosystem. In addition, Q1 2025 is expected to be bullish for Ethereum (ETH), the second-largest cryptocurrency by market cap, and home to the largest DeFi ecosystem. A positive price action for ETH is expected to benefit major DeFi tokens such as AAVE, Curve (CRV), Compound (COMP), and others. That said, the Solana (SOL) DeFi ecosystem is rapidly gaining traction and catching up with Ethereum in terms of adoption. This development could propel Solana-based DeFi tokens, such as Orca (ORCA) and Raydium (RAY), to reach new highs. At press time, ETH is trading at $3,461, up 4% in the past 24 hours. Featured image from Unsplash, chart from Tradingview.com

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Tether and Bitfinex General Counsel Stuart Hoegner has retired, leaving Michael Hilliard to take his place as legal chief at the two firms.

I remember it well. It was my first cycle, in fact I'd only been involved with crypto around 8 months at this point. In my naivety I thought this ad was great news for crypto, a sign of real bullishness and an exciting new level of awareness for all of crypto. I feel far more…
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After weeks of consistent price correction, Bitcoin latest performance now appears to be demonstrating a rebound as the asset has earlier today reclaimed the $96,000 price mark now approaching the $98,000 level. As Bitcoin approaches this key level, data shows that the top crypto has shown mixed signals across key market indicators, reflecting a subtle yet significant shift in investor sentiment. Particularly, analysts have identified specific patterns in funding rates and premium metrics, which serve as vital tools for interpreting market sentiment and predicting potential price movements. Related Reading: Bitcoin Decline Continues: Is $86,800 The Level To Watch? Bitcoin Current Funding Rates And What It Signals A notable observation by CryptoQuant analyst Mignolet highlights how funding rate movements reflect retail investor sentiment. According to Mignolet analysis, funding rates, which represent the cost of holding long or short positions in perpetual futures contracts, are exhibiting nuanced movements. Historically, during moments of strong resistance, funding rates tend to decline, signaling subdued sentiment and caution among investors. In late October 2024, when Bitcoin was approaching its all-time high, funding rates showed similar behavior, reflecting investor hesitation despite rising prices. However, the current scenario presents a contrasting sentiment. The analyst disclosed that while corrective price movements have emerged, investors are viewing these pullbacks as buying opportunities rather than reasons for fear or contraction. This subtle psychological difference could influence market dynamics significantly, potentially paving the way for sustained upward momentum.  Mignolet wrote: Similar corrective candles have appeared, and from a technical perspective, this position might seem even more precarious. However, the sentiment is different. People now view this as an opportunity and believe it’s a reasonable position to buy. I believe this subtle difference in sentiment has the potential to produce very significant results. Coinbase Premium Indicator Reaches Historic Low Another key observation comes from the Coinbase Premium Indicator, a metric that measures the price difference between Bitcoin on Coinbase (a US-based exchange) and other global exchanges. Coinbase Premium Index Hits a 12-Month Low! “This drop not only signals a lack of institutional demand but also underscores the cautious sentiment among U.S. investors.” – By @burak_kesmeci Read more 👇https://t.co/nIRWlciLwo pic.twitter.com/LYfKmNM7t5 — CryptoQuant.com (@cryptoquant_com) January 2, 2025 Recently, this premium dropped to its lowest level since January 2023, a period that marked a significant market bottom. Historically, when this premium turned negative during bullish phases, it often preceded a price rebound. Related Reading: Warning Signs For Bitcoin? Binance Trading Volume Drops As Sellers Take Control Analysts suggest that such negative sentiment from US investors often triggers strong buying pressure, which can reverse short-term downward trends and fuel long-term price gains. Featured image created with DALL-E, Chart from TradingView

An analyst from H.C. Wainwright & Co., one of America’s most established financial institutions, anticipates an exhilarating year for bitcoin, driven by clearer regulations and enhanced institutional involvement. H.C. Wainwright’s Mike Colonnese Predicts Bitcoin to Hit $225K On Jan. 2, a CNBC report highlighted insights from H.C. Wainwright & Co., a Boston-based investment bank, indicating […]

The rumors come two days after X CEO Linda Yaccarino confirmed the social media platform would launch X Money in 2025.