24H Popular Cryptocurrencies and News | Russia is using Bitcoin in foreign trade; the number of cryptocurrency investors in South Korea has surpassed 15 million, with trading volume rivaling the stock market (12.26)

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1 year ago

24H Popular Cryptocurrencies

24H Popular Cryptocurrencies and News | Russia is using Bitcoin in foreign trade; the number of cryptocurrency investors in South Korea exceeds 15 million, with trading volume comparable to the stock market (12.26)

  1. CEX Popular Cryptocurrencies

CEX Trading Volume Top 10 and 24-hour Price Changes:

  • BTC: +0.4%

  • ETH: -0.3%

  • XRP: -1.7%

  • SOL: -1.3%

  • DOGE: -1.3%

  • PEPE: -5.0%

  • MOVE: +23%

  • LINK: -3.8%

  • SUI: -4.1%

  • HBAR: -3.2%

24H Price Increase Ranking (Data Source: OKX):

  • DAO: +15.78%

  • RUNECOIN: +14.64%

  • RADAR: +12.72%

  • PHA: +12.49%

  • ZENT: +9.02%

  • GEAR: +7.31%

  • AGLD: +7.02%

  • RSR: +5.18%

  • SD: +4.66%

  • ERN: +4.48%

  1. On-chain Popular Meme Top 5 (Data Source: GMGN):
  • PENGU

  • relaxboy

  • OGCCHILLGUY

  • Fartcoin

  • arc

  1. Today's Hot Search Cryptocurrencies
  • URO and RIF: The leading projects in the DeSci sector, influenced by the news that BIO Protocol will airdrop BIO to holders of URO and RIF, saw URO's 24H price increase exceed 50%, with a market cap returning to $80 million; RIF's 24H price increase exceeded 30%, with a market cap returning to $70 million. This also drove up other DeSci projects.

Headlines

Russian Finance Minister: Russia is using Bitcoin in foreign trade

The Russian Finance Minister stated that Russia is using Bitcoin in foreign trade.

The number of cryptocurrency investors in South Korea exceeds 15 million for the first time, with the daily trading volume of the top 5 exchanges approaching 15 trillion won, comparable to the stock market

After the U.S. presidential election, the number of cryptocurrency investors in South Korea has exploded, with over 30% of the population (approximately 51.23 million) investing in cryptocurrencies. This is the first time the Bank of Korea has released statistics related to cryptocurrency. The data was collected from business operators under the "Virtual Asset User Protection Act," which took effect last July.

According to data submitted by the Bank of Korea to the National Assembly's Planning and Finance Committee on the 25th, as of the end of 2019, the number of domestic cryptocurrency investors in South Korea reached 15.59 million by November, an increase of 610,000 from the end of October.

The trading scale has also significantly increased. In November, the daily trading volume of domestic cryptocurrency exchanges reached 14.9 trillion won, equivalent to the total scale of the KOSPI market (9.9214 trillion won) and the KOSDAQ market (6.9703 trillion won) for the same month.

Industry News

Over $1.5 billion has flowed out of U.S. Bitcoin spot ETFs in the past four days, setting a record for the longest consecutive outflow since Trump's election

Data shows that U.S. Bitcoin spot ETFs have seen a net outflow for four consecutive days, with a total outflow exceeding $1.5 billion. This marks the longest consecutive outflow record since Trump's election.

Despite another net outflow yesterday, the total assets held by all Bitcoin ETFs still reached $107.53 billion, thanks to strong price performance on that day, with a daily increase of 6.48%. As of December 24, the cumulative net inflow has dropped to $35.68 billion after four consecutive days of net outflow.

This year, 9 new Bitcoin ETFs in the U.S. and MicroStrategy have collectively increased their holdings by over 1.1 million BTC

HODL15Capital released on-chain activity since the launch of U.S. Bitcoin spot ETFs, indicating that over 1.1 million BTC have been transferred to "strong(er) hands" this year, including 9 new ETFs and MicroStrategy.

Additionally, Grayscale's GBTC/BTC has sold a total of 373,787 BTC, the German government has sold 50,000 BTC, and mining output has produced 209,683 BTC.

The proportion of Rune transactions on the Bitcoin network has dropped to a new low

The proportion of Rune transactions on the Bitcoin network has fallen to a new low, accounting for only 1.67% of daily transactions, a significant decline from its dominant position earlier this year.

BlackRock: More focused on providing BTC and ETH ETFs than launching new altcoin ETFs

Jay Jacobs, head of U.S. thematic and active ETFs at BlackRock, stated: "For Bitcoin, especially Ethereum, we are really just scratching the surface. Compared to launching new altcoin ETFs, BlackRock's clients currently hold only a small portion of Bitcoin and Ethereum exchange-traded funds IBIT and ETHA, so this is our focus."

Binance supports Thailand's Bitcoin payment pilot proposal

Thailand is considering a Bitcoin pilot project proposed by former Prime Minister Thaksin Shinawatra, which will be tested in Phuket as a tourism-focused sandbox.
The proposal has received support from Binance Thailand's CEO, who believes it is a positive step for the country's competitiveness and ability to attract tourists. However, despite efforts by industry advocates and some political supporters to turn Thailand into a digital hub, the Bank of Thailand still prohibits cryptocurrency payments.

Project News

Pump Science: Tokenomics design has been completed

Pump Science announced on the X platform that the tokenomics design has been completed, including:

- 5% of the future issued token supply will be allocated to previous token holders (at the time of migration);

- Those who currently hold more PS tokens ($RIF, $URO) will be able to obtain new tokens in the future;

- This situation will continue as long as new products are launched (forever).

Binance adds USUAL as a flexible interest rate lending asset

Binance has added Usual (USUAL) as a lendable asset for Binance lending (flexible interest rate). Users can check the latest interest rates and the complete list of lendable and collateral assets through the loan data. To place new Binance lending (flexible interest rate) orders via the Binance App, please upgrade the app to iOS v2.78.0 or Android v2.78.0 and above. Older versions of the app no longer support the creation of new Binance lending (flexible interest rate) orders.

Kraken and the SEC submit a joint proposed order to extend the deadline for both parties to raise objections to the discovery dispute

According to court documents submitted on December 23, the plaintiff, the U.S. SEC, and the defendants, Payward Inc. and Payward Ventures (collectively known as Kraken), have submitted a joint proposed order.
Kraken stated that the parties submitted a joint statement regarding the discovery dispute involving the SEC's requests for three categories of documents related to Bitcoin and Ethereum, the SEC's public statements and testimonies regarding digital assets, and the SEC's objections to internal trading policies regarding digital assets.

Report: At least 10 projects on Pump.Science are expected to have a market cap exceeding $100 million by the end of next year

According to a recent report by MV Global, driven by practical meme coins, DeSci is expected to achieve significant growth by 2025.
The report noted that the projects Rifampicin and Urolithin A have received significant attention, achieving market caps of approximately $73 million and $59 million, respectively. These tokens were launched through the Pump.Science platform, and according to MV Global's assessment, they have more practicality than traditional meme coins. MV Global expects Pump.Science to achieve large-scale expansion by 2025, with at least 10 projects expected to have a market cap exceeding $100 million by the end of the year.

People & Voices

ai16z founder: DeFi is the killer application for crypto AI agents

ai16z founder Shaw stated on the X platform that DeFi is the killer application for crypto AI agents.

DWF Labs co-founder: AI, DeSci, anti-quantum, meme, etc. will be key narratives in 2025

DWF Labs co-founder Andrei Grachev discussed his views on industry trends for 2025 on the X platform. Andrei believes that asset issuance methods characterized by "ICO style, no lock-up restrictions, no vesting terms, and full unlocking at TGE" will be more popular. AI, AI agents, DeSci, anti-quantum technology, yield-bearing assets, and memes will be key narratives in 2025.

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