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Bear market comments are being bandied about on crypto social media again as markets continue to retreat.
The iShares Bitcoin Trust (IBIT) has seen two-day inflows reach $184.5 million — and is also the only U.S. spot Bitcoin ETF to see inflows so far this week.
Powerhouse web3 brand Bored Ape Yacht Club has seen the floor price for its once-celebrated NFTs reach its lowest point since August 2021. The floor price has declined by more than 90% from its all-time high, which it hit almost exactly two years ago.
LBBW’s crypto custody offering is expected to launch in the second half of 2024.
The US spot bitcoin fund category has notched negative net flows over the course of a week just three times since coming to market in January
EigenLayer recently launched on the Ethereum mainnet. One of the main ways to get into EigenLayer is to contribute to securing Ethereum. This is an excerpt from The Block’s Data & Insights newsletter.
- 22:10Animoca Brands United: expect memecoin to launch its own L1 or L2In an interview, Animoca Brands co-founder Yat Siu said that the crypto industry is at a turning point similar to the one he observed in the 1990s when the Internet first transformed business. The first part of cryptocurrency mass adoption in 2025 will be stablecoin adoption, with the next step being the broader expansion of memecoin into the entire blockchain ecosystem. I expect memecoins to launch their own L1 or L2. they are no longer just tokens, they are building communities and ecosystems, memecoins are essentially cultural symbols,” said Yat Siu. They are attracting attention and building narratives that resonate with people beyond financial speculation.”
- 22:09Three major U.S. indexes were mixed, with the Nasdaq up 1.24 percentThe three major U.S. stock indices were mixed, with the Nasdaq up 1.24%, the SP 500 up 0.55% and the Dow down 0.06%. Cryptocurrency concept stocks surged higher, MicroStrategy rose more than 11%.
- 22:08CleanSpark holds 9,952 bitcoins at the end of 2024, making it the fifth largest BTC corporate holderBitcoin mining firm CleanSpark mined 668 BTC in December 2024 and 7,024 BTC for the year, according to a Jan. 6 report.The company's hash rate, which is the amount of computing power deployed to protect the Bitcoin network, increased 287.9 percent year over year. By the end of 2024, CleanSpark had amassed 9,952 BTC with a total value of $1.01 billion. It is now the fifth largest corporate holder of Bitcoin, surpassing Tesla's BTC holdings.
