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US Bitcoin ETFs saw a significant rebound with $908 million in net inflows, led by Fidelity's Bitcoin Fund, which attracted $357 million. BlackRock's iShares Bitcoin Trust recovered from a three-day decline, netting $253 million, while Bitcoin itself surged past $98,000, indicating a bullish outlook for the asset. Analysts predict continued institutional adoption, with projections of Bitcoin reaching between $150,000 and $170,000 by 2025.
Tether is navigating a 6-18 month transition to comply with the EU's MiCA regulations, which enforce strict reserve and liquidity requirements for stablecoin issuers. Following the retirement of General Counsel Stuart Hoegner, Michael Hilliard now leads the effort amid delistings of USDT by exchanges like Coinbase, as the company seeks the necessary e-money license. The regulatory landscape poses challenges for Tether's reputation and operational stability in a volatile market.
The US Ethereum spot ETF experienced a net inflow of $58.79 million on the 3rd, reversing a previous day's outflow of $77.51 million. BlackRock ETHA led the inflows with $33.88 million, followed by Fidelity FETH at $27.06 million and Grayscale ETH at $5.09 million. Ethereum's trading price is approximately $3,590, reflecting a 4% increase from the prior day.
Tesla has reported a decline in car sales, leading to a significant but temporary drop in share prices, which experts view as a warning for other US tech stocks. Amidst this, many Tesla owners are distancing themselves from Elon Musk, showcasing sentiments through stickers on their vehicles.
MicroStrategy plans to raise up to $2 billion through public offerings of perpetual preferred stock to fund additional Bitcoin purchases as part of its "21/21 Plan." The company has acquired 194,180 BTC since launching the plan, representing 45% of its $21 billion investment target. Currently, MicroStrategy holds 446,400 BTC valued at approximately $43.7 billion, with unrealized gains of about $16 billion.
The crypto industry is experiencing a pivotal moment with the incoming Trump administration, which has appointed pro-crypto advocates to key positions, including Howard Lutnick as Commerce Secretary and Paul Atkins at the SEC. As industry leaders engage politically, they face challenges in unifying diverse interests and navigating complex legislative priorities, particularly around market structure and stablecoin regulation. The bipartisan Financial Innovation and Technology for the 21st Century Act aims to establish a regulatory framework, but stakeholders express concerns over its adequacy in addressing decentralized finance and regulatory responsibilities.
Billionaire Stanley Druckenmiller has sold over $2.5 billion in stocks, including his entire stake in Nvidia and most of Palantir, to invest approximately $30.3 million in Teva Pharmaceutical, which has seen a 100% stock surge in 2024. Druckenmiller expressed concerns about the Federal Reserve potentially cutting rates too soon, shifting his focus from economic worries to inflation as he questions whether the Fed has prematurely declared victory over inflation.
VanEck’s Matthew Sigel believes the 77% probability for Solana ETF approval in 2025 is conservative, indicating stronger chances for institutional adoption. Major asset managers like VanEck and 21Shares are filing for SOL ETFs, driven by recent momentum following Bitcoin ETF approvals and growing interest in Ethereum ETFs.Despite the SEC's recent rejections of some Solana ETF filings, the platform's technological advantages and expanding ecosystem continue to attract institutional interest. Challenges remain, including regulatory uncertainties and market volatility, but positive industry signals suggest a brighter outlook for Solana's ETF prospects.
MicroStrategy plans to raise $2 billion through a perpetual preferred stock offering to bolster its Bitcoin holdings, expanding its “21/21” strategy. The firm, which owns 446,400 Bitcoin valued at $43.9 billion, aims to strengthen its balance sheet and may convert common stock or redeem shares for this offering. Executive chairman Michael Saylor's strategy has significantly boosted MicroStrategy's stock, which has risen 438% over the past year.
Solana's price has surged to around $217, breaking its downtrend and eyeing a retest of its all-time high at $260, fueled by positive market momentum and the prospect of a pro-crypto U.S. administration. Analysts suggest Solana could reach $1,000, driven by potential strategic Bitcoin reserve initiatives, despite risks from Federal Reserve policies and political outcomes. Investors remain optimistic for a strong 2025, with Solana positioned as a leading layer-1 protocol.
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