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A total of 19,300 Bitcoin options contracts worth $1.8 billion are set to expire today, coinciding with a broader crypto market correction that has seen Bitcoin's price drop to $93,000 from a peak of $100,000. The put/call ratio stands at 0.65, indicating a preference for call options, while Ethereum options worth $455 million also expire today, adding to market pressure. Overall, the total notional value of expiring contracts reaches $2.2 billion amid ongoing concerns over U.S. inflation and potential selloffs by the government.
Bitcoin whales have accumulated 34,000 BTC, valued at approximately $3.2 billion, following a sell-off that saw wallets holding 1,000 to 10,000 BTC offload 79,000 BTC after the cryptocurrency peaked at $108,000 on December 17. This buying pressure has turned Bitcoin's seven-day balance positive, indicating renewed institutional confidence despite a recent 2.3% decline in prices, which are currently around $94,900. Analysts suggest that decreasing sell-side liquidity and rising interest from institutional investors could stabilize the market and potentially drive prices above $150,000 in the future.
Agora's AUSD stablecoin has successfully completed its first over-the-counter transaction, marking its transition from development to real-world application. With the stablecoin market exceeding $210 billion, Agora aims to compete with established players by focusing on institutional adoption and offering features tailored for decentralized finance. The AUSD's reserves are managed by a recognized asset manager, ensuring transparency and compliance as regulations evolve.
Ripple's RLUSD stablecoin is set to expand its presence on major cryptocurrency exchanges, with new listings expected imminently, according to President Monica Long. Currently holding a market cap of $71.8 million, RLUSD is primarily traded on Bullish, which accounts for over 76% of its volume. The stablecoin's growth is fueled by Ripple's expanding payments business, which doubled last year, and a recent partnership with Chainlink to enhance its utility through accurate price feeds. Additionally, Long hinted at the potential approval of an XRP exchange-traded fund (ETF) soon, with several applications already submitted to the U.S. Securities and Exchange Commission (SEC).
Crypto exchange-traded products (ETPs) saw $585 million in inflows in the first three days of 2025, following a record $44.2 billion in inflows for 2024, driven primarily by Bitcoin ETPs. The total assets under management reached $160.6 billion, with the U.S. leading in inflows while Canada experienced significant outflows of $707 million.
Phishing scams became the leading security threat in the cryptocurrency sector in 2024, resulting in over $1 billion in losses across 296 incidents, as reported by CertiK. Private key theft also posed significant risks, with hackers stealing more than $855 million.Despite a 52% decline in total crypto theft compared to 2022, broader hacking incidents surged to $2.3 billion, highlighting the urgent need for enhanced security measures. Industry efforts, including initiatives by major exchanges and the Security Alliance, aim to combat these evolving threats.
Bitcoin's hashrate reached a record 1,000 EH/s on January 3, nearly doubling since January 2024, and has since stabilized around 780 EH/s. Major miners like Marathon and Riot Platforms are expanding operations despite reduced rewards from the April halving, holding significant Bitcoin treasuries valued at billions. Institutional interest is rising, with Bitcoin ETFs surpassing $100 billion in net assets, driven by improved regulatory clarity and a secure network, encouraging large investors to enter the market.
Anthony Scaramucci, founder of SkyBridge Capital, downplayed concerns regarding MicroStrategy's substantial Bitcoin investments and leveraged debt strategy, asserting that fears of a collapse are exaggerated. He explained that the company's long-term debt structure can endure short-term Bitcoin volatility, emphasizing that only a prolonged decline over several years would pose a significant risk. Scaramucci highlighted MicroStrategy's strategic use of $7.2 billion in convertible debt to acquire Bitcoin, reinforcing his firm's confidence in its long-term growth potential.
Nexus recently completed a five-day testnet that engaged over 1.5 million nodes from 187 countries, highlighting significant global interest in decentralized computing. With 37% of network traffic from mobile devices, the initiative aims to create a global distributed network while maintaining control over the programs run on its platform. Nexus, which raised $25 million in Series A funding, is part of a growing movement in blockchain-based computing alongside other platforms like Internet Computer and Golem Network.
Aptos CEO Mo Shaikh has resigned, effective December 19, to pursue new opportunities while remaining a strategic adviser. Avery Ching, co-founder and former CTO, has taken over as CEO, focusing on expanding the ecosystem and driving technical advancements, particularly in Asia. Under Shaikh's leadership, Aptos launched its layer-1 blockchain mainnet and secured over $400 million in funding.
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bitcoin options expiry triggers market volatility amid ongoing crypto correction
11:03 10.01.2025
bitcoin whales accumulate 34000 btc driving market recovery after sell off
18:31 09.01.2025
Agora launches AUSD stablecoin with successful first over-the-counter transaction
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Ripple's RLUSD Stablecoin Set for Major Exchange Listings and Growth
01:56 09.01.2025
crypto etps see strong start in 2025 with 585 million inflows
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phishing scams cause over 1 billion loss in cryptocurrency in 2024
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bitcoin hashrate hits record high as institutional interest grows
20:36 03.01.2025
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Aptos CEO Mo Shaikh resigns as Avery Ching steps in as successor
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