Bitcoin fever grips Hedge Funds
Bitcoin Capitalization Day: Bitcoin reached a milestone of $108,000 and began to sell last December 17.
Hedge Funds Numbers: The results of crypto hedge funds increased by 46% in November. The combined result for the year amounted to 76%, which significantly exceeds the average yield of hedge funds, which closed the year with a net annual gain of 10%, according to Hedge Fund Research.
Riot Platform is one of the most funded Bitcoin ecosystems
In December, Riot Platform raised $594.4 million, which ranks among the largest Bitcoin investments in the ecosystem in 2024.
NFTs sales were steady despite the turbulent crypto period
Market Statistics: CryptoSlam records sales in the amount of 302.2 million usd, while the volatility in the market continues.
Airdrop Mishap: An airdrop of Pudgy Penguins proved extremely troublesome for those seeking to jump the gun on it. After investing $10,000 at a $14 trillion cap, their investment fell to just over $3 in the next few minutes.
Bitcoin Capitalization Day
Comments Made by Michael Saylor: Michael Saylor has come up with an idea whereby keeping a certain percentage of assets in Bitcoin would enable the U.S. treasury to earn between $16 Trillion – $81 Trillion.
Comments by Saylor’s on Public policy: In this meeting, Saylor expressed his willingness to assist President Trump in determining US policy within the digital asset ecosystem .
Around the Tether incidents came also AI & hacking incidents
Tether’s Development Plans: According to CEO Paolo Ardoino, Tether is planning to join the AI revolution by the first quarter of 2025.
Cyber hack: The head of X account Vivek Ramaswamy was hacked, with the hackers announcing the partnership with the United States – USUAL pretending to be a partnership with the US.
Network Developments
Pi Network: They have now completed 18 million KYC verifications thus getting closer to its mainnet launch.
North Korean Hackers: In 2024, North Korean Cryptocurrency Hackers have been able to steal $1.6 billion which is a significant increase from $660.5 million in the year 2023.
Major Protocol Updates
Ripple RLUSD Stablecoin: After the announcement what took place on December 16, major exchanges launched the coin.
Avalanche Upgrade: The Avalanche Foundation has launched Avalanche9000 and therefore, deployed and C-Chain fees have reduced by more than 90%.
