💡 Bitcoin Grapples with $100K as ETFs Continue to Dominate

PLUS: The next big narrative for 2025...

Happy Friday Everyone!

Here are the Top Crypto Stories this Week… 💡👇

Source: CoinMarketCap Heatmap, 12/13/2024, 1:40pm EST

Take advantage of Ledger’s holiday SALE to keep your crypto secure! 🎁 

Bitcoin Grapples with $100K after Trump's Pro-Crypto Comments and ETFs Continue to Shine ⚔️

  • Bitcoin (BTC) initially surged to $102,500 following President-elect Donald Trump's pro-crypto comments but fell to $99,800 by Thursday afternoon as bond market turmoil impacted risk assets.

  • Bitcoin (BTC) and Ethereum (ETH) ETFs have seen significant inflows, with BTC ETFs attracting inflows for 10 consecutive days and ETH ETFs for 13 days.

  • Major risk assets, including U.S. stocks and gold, declined; the Nasdaq dropped 0.7%, the S&P 500 fell 0.5%, and gold decreased by 1.8%.

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Source: Cointelegraph

How Crypto IPOs Could Bring Back Retail 📈

  • Bitwise predicts 2025 will be the year of the crypto IPO, driven by regulatory engagement, institutional support, and investor appetite.

  • Circle, the stablecoin issuer behind USDC, is highlighted as a prime candidate for going public in 2025.

  • Other potential crypto IPO candidates include Figure, Kraken, Anchorage, and Chainalysis. Additionally, companies like Sol Strategies, Exodus, and Galaxy Digital are seeking listings on major US exchanges.

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Source: Wirestock Creators/Shutterstock modified by Blockworks

Solana Overthrows Ethereum’s 8-year Reign as Top Ecosystem for New Developers 

  • For the first time, Solana has overtaken Ethereum as the top ecosystem for new crypto developers, ending Ethereum’s eight-year dominance, according to a report from Electric Capital.

  • Solana onboarded 7,625 new developers in 2024, surpassing Ethereum’s 6,456, driven by significant growth in Asia. Solana also saw an 83% increase in activity since last year.

  • The overall number of new crypto developers in 2024 was 39,148, a 7% decrease from the previous year and about half of the 2022 peak.

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Source: Cointelegraph

LINK Surges to 2021 Levels as Trump’s World Liberty Buys More Chainlink Tokens ⛓️

  • World Liberty Financial, backed by Donald Trump, increased its Chainlink (LINK) holdings by $1 million, bringing its total LINK investment to $2 million.

  • World Liberty Financial uses Chainlink’s services for pricing data and cross-chain interoperability, enhancing its platform for borrowing, lending, and liquidity pools.

  • LINK prices surged 22% in the past week and over 130% since World Liberty Financial's initial investment, reaching levels last seen in early 2021.

  • Open interest in LINK futures hit record highs above $860 million, indicating strong investor confidence and a bullish market outlook.

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Source: CoinDesk

Crypto ‘AI Agents’ set to Dominate in 2025 - Here’s what you need to know 🤖

  • AI Agent Tokens on the Rise: The intersection of permissionless blockchains and AI has led to promising investment opportunities in AI agent tokens, generating significant returns despite inherent risks.

  • Top Picks: Bankless AI Rollup co-hosts David Hoffman and Ejaaz Ahamadeen highlight notable AI agent tokens, including GOAT, ZEREBRO, VIRTUAL, FAI, CLANKER, VADER, BULLY, "nothing", AI16Z, and LUNA.

  • Future Prospects: These AI agent tokens, while speculative, represent a burgeoning sector with diverse applications, from social media engagement to investment DAOs and creative AI endeavors.

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Source: Bankless

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