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The popularity of meme coin trading and speculation on Solana has driven on-chain volumes to a new high in US dollars.

Ethereum’s biggest rival solanaAccording to DefiLlama data, it was traded with a volume exceeding $3.79 billion over the weekend. Blockchain’s previous record was recorded at $2.85 billion earlier this month.

The seven-day moving average of active addresses and the number of new addresses on the Solana network continues to increase at record levels. Additionally, total transaction fees on Solana also set a new record. There is ongoing interest in meme coins such as Book of Meme (BOME), which has increased by 1500% since its creation.

Rapidly fundraising presales initiated by artists like Kero and Solana-based meme coins like Dogwifhat and BONK are recording significant volumes. This meme coin craze has seen Solana-based decentralized exchange aggregator Jupiter generate more volume than Ethereum DEX Uniswap V3 in the last 24 hours.

Solana coin rise

The US Government made a profit of $14.4 billion from Bitcoins seized through illegal activities

According to CryptoQuant president Ki Young Ju, the US Government, which has not sold Bitcoin since July 2023, made a huge profit with 210,392 Bitcoins seized as a result of money laundering and other illegal activities.

It generated $14.4 billion in unrealized profits on these crypto assets, making the United States one of the largest holders of Bitcoin in the world.

Starbucks is ending its Odyssey Beta NFT program

Starbucks has announced that it will end its Odyssey Beta program, which added an NFT dimension to its existing rewards system. The multinational coffee chain published a blog post stating that Odyssey Beta will end on March 31 in preparation for the future evolution of the program.

The company’s NFTs accessible on the Nifty Gateway will migrate from the Odyssey marketplace to the Nifty marketplace, where they can be transferred to external wallets and traded on other marketplaces like other NFTs.

Starbucks Odyssey is also closing the Discord server on March 19, stating that they are working on a platform that will bring the community together in the future.

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Crypto

Bitcoin Continues Its Horizontal Course

On the new day, Bitcoin is trading at $96,459 and Ethereum is trading at $3,682. The total value of the cryptocurrency market is 3.38 trillion dollars. Bitcoin’s market cap is $1.9 trillion, while Ethereum’s market cap is $443 billion.

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Bitcoin Continues Its Horizontal Course

On the new day, Bitcoin is trading at $96,459 and Ethereum is trading at $3,682. The total value of the cryptocurrency market is 3.38 trillion dollars. Bitcoin’s market cap is $1.9 trillion, while Ethereum’s market cap is $443 billion.

XRP has become the world’s third largest crypto asset; It surpassed Solana and Tether’s USDT in market value.

XRP has surpassed Solana and Tether (USDT) in terms of market cap, becoming the world’s third-largest crypto asset behind Bitcoin and Ethereum. While XRP’s market value reached 141.8 billion dollars, Tether’s market value remained at 134.5 billion dollars. While the XRP price increased by 30% in the last 24 hours to $ 2.46, it recorded a total increase of 364.1% in the last month.

This rise came after the news that Ripple’s stablecoin named RLUSD will be approved by the New York Department of Financial Services (NYDFS). Ripple plans to launch RLUSD on December 4. XRP’s rise was also supported by the announcement that US Securities and Exchange Commission (SEC) Chairman Gary Gensler will leave office in January.

bitcoin

While the legal process between the SEC and Ripple has been continuing since 2020, investors are excited about the possibility that the case may be terminated or withdrawn under new leadership with Gensler’s departure.

Additionally, the launch of spot ETFs for XRP is also on the agenda. Companies like 21Shares, Canary Capital, and Bitwise have filed for XRP ETFs. While these developments increase interest in the XRP ecosystem, they are considered to strengthen Ripple’s growth potential, free from legal problems.

US Spot Ethereum ETFs record all-time high daily inflows as price rally continues

US-based spot Ethereum (ETH) ETFs witnessed record daily inflows on Friday, after US stock markets were closed on Thursday for Thanksgiving. A total of approximately 333 million dollars worth of fund inflow occurred. Much of that increase was driven by $250 million added to BlackRock’s ETHA fund and $79 million added to Fidelity’s FETH fund.

The question Ethereum or Bitcoin has been answered

Grayscale’s ETH fund recorded an inflow of $3.4 million. No significant movement was observed in other funds. In addition, there was a net inflow of approximately $320 million in spot Bitcoin ETFs on the same day, which once again revealed the intense demand for crypto assets in the overall market. Ethereum’s increase in value by approximately 40% in the last month and approaching the $ 3,700 level contributed significantly to these record entries. The total asset value of the funds has now exceeded $11 billion and has reached the highest level in history.

Grayscale’s ETHE fund ranks first with a value of $5.37 billion, while BlackRock’s ETHA fund ranks second with a value of $2.10 billion. The net asset value of Fidelity’s FETH fund increased to approximately $952.33 million.

Ethereum It also achieved significant success by reclaiming Tether (USDT) dominance from the Tron network for the first time since 2022. This development reveals the impact of the growth in the Ethereum network as well as the USDT supply, which has increased by 62% since the beginning of the year. This intense interest in the Ethereum ecosystem has once again proven that the network continues to strengthen and increases the confidence of investors.

Ethereum

Crypto tax postponement for 2 years accepted in South Korea

South Korea’s Democratic Party (KDP) has backed away from its plan to impose a capital gains tax on crypto asset gains in 2025, agreeing to delay implementation for another two years. At the press conference held on December 1, KDP Parliamentary Group Leader Park Chan-dae announced that they accepted the digital asset tax postponement proposed by the government and the ruling party, the People’s Power Party (PPP).

With this development, the law was postponed until 2027. The crypto tax, which was first planned to come into force in 2021, was postponed to 2023 and then to 2025 due to investor reaction. The ruling party, PPP, wanted to postpone the tax to 2028, arguing that imposing a tax quickly could drive investors away from the market. The Democratic Party initially opposed these proposals and insisted on implementing the tax in 2025.

However, with the latest decision, a six-year postponement of the tax was introduced. Once the tax is implemented, crypto investors in South Korea will pay a 20% tax on their digital asset gains.

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Crypto

Bitcoin Declines to $92,600, Interest in Altcoins Continues to Increase

Bitcoin is trading at $94,449 and Ethereum is trading at $3,414. The total value of the cryptocurrency market reached 3.18 trillion dollars. The market value of Bitcoin was recorded as 1.86 trillion dollars, and the market value of Ethereum was recorded as 411 billion dollars.

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Bitcoin Declines to $92,600, Interest in Altcoins Continues to Increase

Bitcoin is trading at $94,449 and Ethereum is trading at $3,414. The total value of the cryptocurrency market reached 3.18 trillion dollars. The market value of Bitcoin was recorded as 1.86 trillion dollars, and the market value of Ethereum was recorded as 411 billion dollars.

Bitcoin fell below $93,000 as sellers took control in its attempt to reach the $100,000 target, and the price fell to $92,619. Investors in leveraged long positions suffered major losses with a total buy-side liquidation of $337.6 million in the last 24 hours. The high sales volume attracted attention, especially in central exchanges that constantly offer futures contracts.

According to Glassnode’s analysis, another factor behind this selling wave was the selling of Bitcoin’s long-term investors (6-12 month period). This group acquired Bitcoin at approximately $57,900, trading at a cost approximately 37.9% lower than the current market price. As the Bitcoin price approached $90,000, the number of short positions opened increased and the BTC funding rate increased from 0.019% to 0.04%.

Liquidation map data shows that if the price persists below $94,000, a new selling wave may be triggered and continue up to the $90,000 level. However, it is stated that some investors are preparing to buy again at this level.

Bitcoin increased privacy and spot security! Fed chairman btc

Despite Bitcoin’s pullback, investors are still trading in “popular altcoins”

As the Bitcoin price pulls back from all-time highs, investors remain interested in altcoins. Onchain analysis platform Santiment stated in its post today that although Bitcoin fell below $ 93,000 on November 25, traders continued to evaluate opportunities in metaverse tokens and some other altcoins.

According to Santiment, metaverse-focused Sandbox (SAND), Stellar (XLM) and Ethereum (ETH) are among the altcoins featured in social media discussions. While SAND in particular attracts attention due to the increasing interest in metaverse investments, XLM attracts the attention of investors after a political event in South Korea. Ethereum, on the other hand, is preferred by investors with the expectation that it can perform better compared to other cryptocurrencies with large market capitalization.

Ethereum regains dominance over USDT, surpassing Tron for the first time since 2022

Ethereum has regained the lead in stablecoin USDT supply. For the first time since June 2022, the amount of USDT on Ethereum exceeded that on Tron. As of publication date, 66.936 billion USDT was in circulation in Ethereum, while this amount was recorded as 61.77 billion in Tron. Since the beginning of 2023, the USDT supply on Ethereum has increased by 62%, while the increase on Tron has been limited to 24.4%.

This change accelerated last week with the increase in USDT production. The main reason for this growth in USDT supply on Ethereum could be that Bitcoin has reached a new all-time high, reigniting interest from both individual and institutional investors.

Additionally, rising expectations that spot Bitcoin ETFs will be approved have increased demand for stablecoins such as USDT, which are critical for liquidity and capital flow in the crypto ecosystem. Ethereum’s dominant role in DeFi and institutional adoption reinforces its position as the chain of choice for stablecoin liquidity. On the other hand, Tron continues to play an important role, especially in remittance-dominated regions, with its low fees and transaction speed. This function of Tron makes an important contribution to stablecoin transactions.

Bitcoin increased privacy and security! spot

Canadian healthcare firm approves plan to add $1 million Bitcoin to its treasury

Health and plant-based e-commerce company Jiva Technologies has decided to add Bitcoin (BTC) to its company treasury with the approval of its board of directors. The company plans to invest up to 1 million dollars for this purpose.

Lorne Rapkin, CEO of Jiva Technologies BitcoinHe stated that due to its limited supply and resistance to inflation, it is seen as a safe haven in times of economic uncertainty.

Rapkin also stated that BTC has proven its value with positive developments in regulatory frameworks and institutional adoption, and said that the company considers BTC as an inflation-resistant treasury strategy. Canada-based Jiva Technologies aims to create online health communities and develop partnerships to support health brands. The firm recently rebranded as Jiva Technologies, rebranding as PlantX Life, and operates online plant delivery marketplaces such as Bloombox Club.

The company, which announced a partnership with Ethereum-based Kale Coin (KALE) for the healthcare industry on November 11, achieved a 36.4% increase in its shares with these strategic steps. Jiva Technologies has taken its place among the companies that consider BTC as part of their treasury strategy. Recently, YouTube alternative video platform Rumble announced that they will invest $20 million in BTC, and biopharmaceutical company Hoth Therapeutics announced that they will invest $1 million in BTC. Additionally, artificial intelligence firm Genius Group joined this trend by purchasing 110 BTC ($10 million).

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Crypto

Bitcoin Follows a Sideways Course Near $100,000

Bitcoin started the new week trading at $98,263 and Ethereum at $3,383. The total value of the cryptocurrency market reached 3.28 trillion dollars. The market value of Bitcoin was recorded as 1.94 trillion dollars, and the market value of Ethereum was recorded as 407 billion dollars.

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Bitcoin Follows a Sideways Course Near $100,000

Bitcoin started the new week trading at $98,263 and Ethereum at $3,383. The total value of the cryptocurrency market reached 3.28 trillion dollars. The market value of Bitcoin was recorded as 1.94 trillion dollars, and the market value of Ethereum was recorded as 407 billion dollars.

Tether produced another 3 billion USDt of stablecoins

With the activity in the cryptocurrency markets, Tether produced a total of 3 billion more USDt (USDT) tokens on the Ethereum and Tron networks on November 23. According to Arkham Intelligence’s data, $2 billion of this amount was minted via Ethereum and $1 billion was minted via the Tron network. According to data from Lookonchain, Tether has produced a total of approximately 13 billion USDt tokens since November 8.

Tether CEO Paolo Ardoino stated that the company “must achieve hyper-efficiency to realize its grand vision” by 2025. The trading volume of stablecoins is considered an important indicator to measure the level of interest in crypto markets. High volume is generally considered a positive sign for price movements.

Tether

Hong Kong’s ZA Bank allows users to trade between cryptocurrency and fiat currencies via its banking app

Hong Kong-based digital bank ZA Bank offers direct access to retail users cryptocurrency announced that it started offering a (Bitcoin) trading service. ZA Bank stated that it is the first bank in Asia to offer this service. Through the bank’s mobile application, users can buy and sell leading cryptocurrencies in HKD and USD on a single platform, without switching between applications or platforms.

ZA Bank has partnered with Hong Kong-based licensed crypto exchange HashKey to launch this service. HashKey’s institutional-level services platform, HashKey Pro, provides features such as API trading, block trading services and institutional account management. HashKey CEO Livio Weng announced that they will continue to cooperate with ZA Bank to support the development of the Web3 ecosystem and offer more diverse financial services to their users.

bitcoin spot bitcoin

Trump nominates hedge fund manager Scott Bessent as Treasury Secretary

US President-elect Donald Trump nominated Scott Bessent for the Treasury Department. Trump described Bessent as “one of the world’s leading international investors and economic strategists” and described his story as the “American Dream.” Before founding Key Square Capital Management in 2015, Bessent served as chief investment officer at George Soros’ investment firm, Soros Capital Management.

If confirmed by the Senate, Bessent would become the first openly gay US Treasury Secretary. Bessent had previously made positive statements about the cryptocurrency industry and stated that Bitcoin attracted young investors to the market and helped them overcome the effects of the 2007-2009 financial crisis. While Trump’s crypto-friendly approach attracts attention, pro-crypto names are expected to be appointed to other important ministerial positions.

For example, Robert F. Kennedy Jr. He was nominated for Secretary of Health, and Howard Lutnick was nominated for Secretary of Commerce. Additionally, Trump announced that he has established a new unit called the “Department of Government Efficiency” (DOGE), which aims to increase government efficiency under the leadership of Elon Musk and Vivek Ramaswamy. This unit aims to reduce bureaucracy, eliminate unnecessary spending and restructure federal institutions.

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