ANALYSIS: Santiment reports that cryptocurrency sentiment has shifted to bearish, with waning interest in altcoins and meme coins, while Bitcoin gains attention as investors seek stability.
RECENTLY: Bybit's latest proof of reserves report shows an 8.55% drop in Bitcoin holdings, while Ethereum and stablecoin assets have significantly increased.
JUST IN: Pavel Durov announced that Telegram is profitable for the first time, paying down a significant portion of its $2 billion debt, despite ongoing legal challenges and controversies surrounding the platform.
RECENTLY: CoinShares reported a 90% drop in Bitcoin and Ethereum ETF investments last week amid significant outflows following a hawkish Federal Reserve speech, even though the funds ended the week positively.
JUST IN: Robinhood CEO Vladimir Tenev stated that the company has no plans to hold Bitcoin for investment purposes, despite growing interest in cryptocurrencies.
ANALYSIS: XRP was the most traded altcoin on Binance in December, with a trading volume exceeding $116.6 million, according to CryptoQuant, despite a recent price decline.
JUST IN: The IRS has reaffirmed that staking rewards are taxable income upon receipt, rejecting a lawsuit from Joshua and Jessica Jarrett that sought to classify them as property taxed only upon sale.
JUST IN: The South Korean Financial Services Commission has refuted claims that it is about to permit companies to buy cryptocurrency using their balance sheets.
RECENTLY: Malaysia's Securities Commission has flagged Atomic Wallet for unauthorized operations due to its unregistered status as a digital asset exchange, following a $100 million hack in 2023.
RECENTLY: Hyperliquid Labs has denied allegations of North Korean hacking, assuring users that all funds are secure despite a significant drop in its token value.
RECENTLY: Binance has announced the launch of the Bio Protocol (BIO) project to support Decentralized Science, allowing users to farm BIO tokens by staking BNB and FDUSD from December 24, 2024, to January 3, 2025.
ANALYSIS::In 2024, cryptocurrency hacks resulted in $2.3 billion in losses, a 40% year-over-year increase driven by vulnerabilities in centralized exchanges and custodians, though still 37% below the 2022 record of $3.78 billion.
