Beyond the $1.1 million unrealized profit, the trader earned over $680,000 worth of funding fees on his short position, ripe for liquidation above $4,750.

The spot bitcoin exchange-traded funds (ETFs) approved by the U.S. Securities and Exchange Commission (SEC) earlier this year have registered more than $1.5 billion in outflows over the last four days, with data showing these funds' largest-ever outflow occurred on Dec. 19 as $671.9 million were moved out.

TL;DR Bitcoin-based Runes have seen a dramatic decline in activity, now accounting for just 1.67% of daily Bitcoin transactions, down from over 50% earlier this year, as investor focus shifts to Ethereum and AI.

Ethereum, the second-largest cryptocurrency after Bitcoin, has reached a significant milestone after its Total Value Locked (TVL) surpassed $90 billion this month. This massive surge marks the highest TVL Ethereum has recorded since April 2022, igniting discussions about the likelihood of a huge price rally in the coming months.

Michael Saylor, once a fierce critic of Ethereum, has recently admitted that he was wrong in his earlier views. The prominent Bitcoin advocate had previously predicted that Ethereum would be labeled an unregistered security, and he believed it would never be approved for a spot ETF. Let's find out what changed his views.

Two prominent Asian nations—Japan and Thailand—are taking distinctly different approaches to Bitcoin as the top crypto gains traction globally. Local media outlets from these countries have shown that Japan is adopting a reserved stance, while Thailand is exploring innovative use cases for Bitcoin.

BTC price stability wobbles in what appears to be a knee-jerk response to erroneous Bitcoin dominance data.

Investors' and traders' hope about an impending massive price rally for Bitcoin is alive again as the digital asset experiences renewed strength toward crucial resistance levels such as the coveted $100,000 mark. Given the recent price upswing, BTC's short-term outlook looks promising for significant gains.

Identifying compelling investments in the crypto market on a tight budget could be as easy as striking out those with large market sizes. Small-scale investors also overlook pricey cryptocurrencies like Ethereum (ETH), currently priced at $3500. Instead, to make the most gains from little investments, retailers have been betting on Dogecoin (DOGE).

Prime Minister Ishiba emphasized that Japan's current laws governing special account operations exclude cryptocurrencies from being classified as foreign exchange.

According to data provided by Barchart, diamond prices have fallen to the lowest level this century.

Earlier today, in a post on X (formerly Twitter), Ki Young Ju, the CEO of CryptoQuant, shared his insights about the current state of Bitcoin's market. His commentary revolves around whale accumulation—a term used to describe large-scale purchases of Bitcoin by big investors.

Robert Kiyosaki, famed for his financial insights, predicts Bitcoin will hit $350K and calls it the peoples money. As he warns of an impending economic collapse, he urges investors to act now and secure their financial future.

Six Bitcoin mutual funds will launch in Israel on December 31, 2024. Management fees range from 0.25% to 1.5%, with one actively managed fund.

MOODENG offers a boxing day present with a swift surge early on Thursday. The meme token soared from a daily low of $0.0001228 to $0.0002417 within 60 minutes, translating to a staggering 96.85% price increase. The explosive move attracted attention as the broad market endured selling pressure, with Bitcoin and Ethereum down 2.19% and 3.

Japan's government has officially rejected the idea of including Bitcoin in its national reserves, citing the cryptocurrency's volatility and its classification outside traditional foreign exchange. This cautious stance contrasts with the growing enthusiasm from private sectors within the country, such as Metaplanet, which is actively investing in Bitcoin, highlighting a significant divide between government policy

El Salvador, the smallest and most densely populated country in Central America, keeps piling on the bitcoins, adding another coin to its treasure on Christmas Day, boosting its reserves to 5,997.77 BTC, now valued at a cool $595 million.

The Santa Claus rally in the US equity markets has lifted Bitcoin price back to $100K levels, fueled by optimism for a broader crypto rally.

Vitalik Buterin, the co-founder of Ethereum, has made a significant donation of 10 million baht ($292,000) to support wildlife conservation efforts at Khao Kheow Open Zoo in Thailand. The post Vitalik Buterin Donates to Thai Wildlife Charity on Behalf of ETH Community appeared first on Cryptonews.

Japans Prime Minister Shigeru Ishiba raised concerns about adopting Bitcoin reserves, stating his government lacks adequate information on global strategies, including moves in the United States. Japan Faces Uncertainty on Bitcoin Reserve Decision The prime minister of Japan has stated that his country is unable to decide whether or not to establish a Bitcoin strategic reserve because of a lack of knowledge regarding the plans of other countries and the United States.

Ethereum (ETH), the second-largest cryptocurrency by market cap, is solidifying its position as a market favorite despite recent volatility. Currently trading at $3,444, Ethereum has captured significant attention from institutional investors, fueling optimism about its long-term potential.

Bitcoin (BTC) remained the leading narrative, fulfilling even the more optimistic price predictions.

The altcoins are deep in the red once again.

This decision comes as the Russian government cites concerns over excessive energy consumption. This is a growing issue in regions already struggling with energy infrastructure.

2024 was nothing short of a blockbuster for the crypto world. From regulatory milestones to technological breakthroughs, each month unfolded like chapters in an epic saga, redefining the digital financial landscape. Let's rewind the clock and relive the highlights of this transformative year, step by step, from January's fireworks to December's triumphs.

The crypto market does not seem to be recovering soon and investors are still waiting for the Santa Rally. The overall crypto cap has reached $3.32 trillion after falling 3.19% since yesterday. Ethereum has also suffered another hit of around 4% and is currently trading at $3,354.5.

The chief executive of Binance's Thai arm has encouraged the Bank of Thailand to consider former prime minister Thaksin Shinawatra's proposal for a pilot Bitcoin payment project so the nation does not get left behind.

The country's Finance Minister has confirmed the use of Bitcoin in international trade settlements. However, it is only using Bitcoins mined within the country for now.

Robert Kiyosaki, renowned financial motivator and author of the worldwide bestseller "Rich Dad Poor Dad," continues his recently accelerated Bitcoin (BTC) propaganda.

The Japanese government stated it has no plans to consider Bitcoin reserves. A Japanese lawmaker, Satoshi Hamada's efforts to create a reserve fund for Bitcoin went in vain.

During this festive Christmas season, the crypto market is buzzing with a notable surge of optimism. Data from the bitcoin derivatives market suggest a strong likelihood of seeing the queen of cryptos reach 105,000 dollars, driven by a persistent bullish sentiment and favorable technical indicators.

BTC is down 2% on a daily scale, with one element signaling that the pullback might intensify in the following days.

As 2024 draws to a close, this year's massive $305 million DMM Bitcoin leak is still generating panic in Japan. In an effort to tighten up internal auditing procedures for financial institutions, the country's regulator (FSA) will hold a roundtable in 2025 featuring participation from the Japan Virtual and Crypto assets Exchange Association (JVCEA).

Finding the right trading strategy isn't easy for everyone, especially when you're trading volatile cryptocurrencies like Bitcoin and Solana. Because if you make one wrong move, it's enough to wipe out your entire balance unless you have years of experience in the market.

Ethereum (ETH) price has dropped below multiple resistance following increased sell pressures. ETH price drop is linked to wider crypto outflows in the same time frame after Bitcoin slumped below the $100K mark.

Rune transactions on the Bitcoin network have recently hit a new historical low, representing only 1.67% of daily transactions. This figure marks a significant decrease compared to the period between April and November when Rune transactions often accounted for over 50% of daily transactions on the Bitcoin network.

Solana may be aping Bitcoin's price action as short-term risk bottoms ahead of a rally.

During recent price slides, crypto entrepreneur Justin Sun has restated his bullish grip on Ethereum (ETH). The Tron Network executive has driven several reactions from the community due to on-chain digital asset movements and partnerships to drive wider adoption.

Solana (SOL) has recorded massive inflows, turning the tide after days in the doldrums. The community dubbed ETH killer picked up gains in price and on-chain activity alongside other altcoins.

DMM Bitcoin, a cryptocurrency exchange in Japan, faced a massive security breach in May 2023, when North Korean hackers stole 4,500 Bitcoins, worth about $320 million at the time. It hugely impacted the firm's operation and despite several attempts to recover the funds DMM Bitcoin failed to restore their customer money.

Bitcoin stabilizes near $98,000 amid Russia's adoption of BTC for trade and MicroStrategy's continued Bitcoin accumulation, signaling bullish momentum. The post Bitcoin Price Holds Steady Near $98,000 as Russia Embraces BTC for Trade and MicroStrategy Expands Holdings appeared first on Cryptonews.

Bitcoin reserves on Binance have hit their lowest levels since January 2024, drawing comparisons to a previous rally that saw Bitcoin's price surge 90% by March.

The government of Japan has officially responded to Senator Hamada, stating that it has no intention of adopting Bitcoin as part of its foreign exchange reserves due to a lack of understanding and concerns about volatility.

Retail bullish narratives are too strong for the moment.

Thailand made significant progress in the crypto sector in 2024 with the launch of its Digital Asset Regulatory Sandbox. Recently, former Prime Minister Thaksin Shinawatra proposed using Bitcoin to make tourism payments in the country.

Distressed customers of DMM will not have to create new accounts on SBI VC Trade. DMM crypto services were disrupted after a $320 million hack, which has recently been attributed to North Korean hackers.

What's Russia's endgame for crypto amidst the world's Bitcoin reserve plans?

Russian firms are leveraging Bitcoin and digital currencies for international trade amidst sanctions.