Good Morning,

Here's a quick preview of today’s content: A 2024 review including Bitcoin’s new all-time highs, crypto crimes crossing $2B, Solana memecoin frenzy led by Pump.fun, an election year full of regulatory news, and much more. Have a safe and happy New Year! See you all in 2025 🍾🥳🚀

Let’s dive in & review 2024.

Market Snapshot

• XRP led crypto losses on the second-last day of this year as a stronger dollar weighed down global currencies and assets including Bitcoin

• BTC has historically moved in the opposite direction of the U.S. Dollar Index (DXY), which gauges the greenback's exchange rate against major fiat currencies, including the euro

  • Some, however, remain optimistic about long-term crypto policies helping bump the market despite the lack of rate cuts or a strong dollar

Market Predictions

• Traders on Kalshi are currently predicting how far Bitcoin will fall by year end

• You can trade this market by checking out Kalshi

• Get a $20 bonus when you deposit $100 or more with code “LIT” on signup

Headline Roundup
^{_{The major headlines driving crypto markets}}

• A full breakdown of the numerous times the Fed flip-flopped on crypto in 2024 (BW)

• Montenegro approves the extradition of Do Kwon back to the US (CD)

• Michael Saylor proposes a Digital Assets Framework with an $81T Bitcoin reserve plan (CT) 

• El Salvador now holds over 6,000 BTC (CT) 

• Robinhood has no current plans for a Bitcoin reserve (TB)

• 1 million Americans are expected to receive a special payout from IRS (DH) 

• Asset manager Volatility Shares files for Solana futures ETFs (TB) 

• Bitget’s token BGB hits new ATH after $5B burn announcement (TD) 

• Bitget will burn 40% of its BGB token supply and adopt quarterly burns (TB) 

• Ethereum NFT volume hits $168M weekly high (TB) 

• Industry groups sue IRS over rule requiring DeFi platforms to report user data  (TB) 

• MIRA memecoin raises over $1M for rare cancer research (CD)

• Kyrgyzstan's crypto mining tax revenue falls 50% in 2024 (CT)

Launches

• OPZ launches first AI-powered crypto wallet on App Store (CB) 

• Crypto.com to launch custody service for HNW clients and institutions (DH) 

• Israel launches 6 Bitcoin mutual funds (BS)

Venture Capital

• Crypto and blockchain startups secured $13.7B from VCs in 2024 (TB)

• Pitchbook predicts $18B in crypto-related venture funding to come in 2025

• Allo secured $100M credit-facility for crypto lending (PM)

• L1 blockchain and AI developer ChainOpera brings in $17M (TB)

• Binance and Kraken support stablecoin issuer Usual with $10M backing (TA)

• Tether invests $2M in Arcanum Capital’s decentralized Web3 fund (CC)

• Hivera announces $2M raise led by IPN Foundation (CH)

Regulation

• AI and crypto czar David Sacks has 2 years to push pro-crypto policies (CT) 

• Anonymous Bitcoin ATMs in Spain to shut down (TAL) 

• Cambodia introduces new regulation requiring licenses (NB)

• A look into the biggest global crypto regulatory moments and decisions this year (PA)

Cybersecurity

• Over $2.2B of crypto stolen in 2024 (CMC) 

• South Korea sanctions 15 North Korean crypto hackers (TB)

• Study indicates artificial intelligence can guess seed phrases (HR)

• Hacked Japanese exchange DMM Bitcoin will transfer customer assets to SBI VC Trade (FM) 

Extra Reads

• 2024 crypto innovations continued to skyrocket. Check out the 5 most innovative crypto apps released this year

  
  Read Here

• Flipside releases 2024 on-chain growth analyses and the numbers are shocking

  Crypto User Analysis Here

Chart of the Day

A snapshot of Bitcoin’s 2024 performance

Bitcoin Halving occurred April 19, 2024 🔪

Reached a new all-time high of $108,135 🔝

Up 122% YTD 📈

Meme Dump

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