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CryptoQuant CEO Ki Young Ju recently posted a chart showing the “Bitcoin Cap For Known Entities.” The new data reflects a 17 percent increase from known Bitcoin holdings in 2023, underscoring an increased adoption of the crypto. According to the chart, exchanges are the biggest BTC whales, followed by Miners, then ETFs/Funds, Governments, MicroStrategy, Private and Public Companies, and DeFi. Ju made it clear that the 31% here is “not 31 percent of all Bitcoin but 31% of known Bitcoin holders.” This data is justifiable as exchanges custody the largest amounts of Bitcoin for retail and institutional investors, making them the top holders of the crypto. As a result, they hold over 12 percent of all Bitcoin supply, with Coinbase holding the most (731,118 BTC), followed by Binance (573,128 BTC). Public Bitcoin mining companies like Marathon Digital, Riot Platforms, and others hold over 84,995 BTC, according to BitBO analytics. Meanwhile, Spot Bitcoin ETFs performed so well after their approval this year, amassing a heavy amount of Bitcoin. Among the top Spot BTC ETFs, BlackRocks IBIT Spot Bitcoin Trust alone holds 552,714 BTC. Grayscale Bitcoin Trust holds over 209,000 BTC, while Fidelity Wise Origin Bitcoin Fund (FBTC) has over 190,000 BTC in its custody. Additionally, governments that invariably have access to large funds, hold over 2.66% of the circulating Bitcoin supply. The top six state holders of Bitcoin include the US, China, the UK, Ukraine, Bhutan, and El Salvador. Together, they hold over 529,558 BTC, which is approximately $50B at the current price. The US alone has 207,189 BTC and is getting ready to create a Strategic Bitcoin Reserve starting next year. President Donald Trump’s Reserve vision was supported by Senator Cynthia Lummis’ Bitcoin Act of 2024, which will empower the creation of Trump’s “ strategic national US Bitcoin Stockpile.” Check out the full article 👇 https://lnkd.in/gD8Ftrtc

After much criticism, the Bundestag passed the Act on the Digitalization of Financial Markets (Finanzmarktdigitalisierungsgesetz or FinmadiG) on Wednesday. The law harmonizes with the MiCAR, including the Digital Operational Resilience Act (DORA) and the revised Transfer of Funds Regulation (TFR) of the European Commission’s Digital Finance Strategy. The German parliament added the agenda at short notice. MiCAR possesses retroactive provisions that would allow existing licenses to operate for up to 18 months. Each member could determine the transition period between licensed renewals under MiCAR. Bundestag imposed a one-year transitional allowance for companies that acquired a license in Germany before the MiCAR deadline. Check out the full article 👇 https://lnkd.in/gj3j3vgp

XRP must hold support above the $2.20 support, or else, it could lose momentum and move to a new base at $1.96. On the other hand, if it breaks above the $2.70 resistance, the momentum could be enough to propel it near or beyond its all-time high of $3.84. Also in XRP and Ripple: Shashwat Mittal, Senior Product Manager of Tokenization at Ripple, revealed that cybersecurity firm Softstack GmbH completed a security audit for the Multi-Purpose Token (MPT) implementation on the XRPL. David Schwartz, Chief Technology Officer at Ripple, believes the new Ripple USD (RLUSD) improves the XRPL’s functionality. It also opens new avenues for developers. In support of the first pro-crypto President of the United States (POTUS), Ripple recently pledged $5 million in XRP tokens to Donald Trump’s inauguration on January 20, 2025. Check out the full article 👇 https://lnkd.in/gwDADJJH

Institutional Investors To Send Bitcoin Above $1M Ark Invest has always been bullish on Bitcoin’s prospects and has increased their expectations on the large-cap crypto after the Trump win, which automatically created a possibility for reshuffling the hostile regulatory landscape. Ark Invest CEO Cathie Wood and her company’s position on Bitcoin is no surprise, considering that Ark Invest was the first public fund manager to invest in Bitcoin. She has sustained her belief in Bitcoin as a currency and technology all these years. During a CNBC interview in November, Wood laid out her company’s 2030 target for Bitcoin. “In our base case, it’s around $650,000. In our bull case, it’s between $1 million and 1.5 million dollars,” said Wood. Wood doubled down on her prediction in a recent interview with Bloomberg anchor Romanie Bostick, when she was asked if she still sticks to her predictions of Bitcoin “hitting some of those lofty milestones” she’d previously talked about. “…Now that we are going to get more regulatory greenlights, we are seeing more institutional focus on this new asset class,” replied Wood. The Ark Invest Founder stated that institutional investors will sooner or later begin taking into consideration the low supply of Bitcoin – capped at 21 million units which at the moment has over 19.5 million units already in circulation. “If institutional investors are looking at this new asset class more seriously,…they must consider an allocation. And so supply-demand; they are doing the arithmetics. And we see a million to a million and a half by 2030,” she added. Check out the full article 👇 https://lnkd.in/gTDUkAeB

Stacy Herbert, Director of the National Bitcoin Office of El Salvador, confirmed that El Salvador indeed secured a $3.5 billion financing from IMF. Contrary to the FUD (fear, doubt, uncertainty) saying that the nation caved into the international institution’s caution against BTC, it appeared that the Bukele administration managed to get the loan without significant compromise to its Bitcoin-focused policies. Herbert said El Salvador maintains Bitcoin as legal tender and will continue accumulating the digital asset for its Strategic Bitcoin Reserve. Amid the high price of the digital asset, she revealed that the nation would possibly accelerate the pace of its acquisition. Check out the full article👇 https://lnkd.in/gjFp9wV9

Will Bitcoin Crash to $88,000? ➡️ Bitcoin price is trading above the 50-week (green) and 200-week (purple) moving averages, confirming bullish momentum. The recent pullback from the all-time high at $108,367 suggests a potential short-term consolidation. Key Support Resistance Levels ✅ $88,102 (Key Fibonacci 27% retracement level and prior resistance-turned-support). ✅ $66,121 (50-week MA support and previous consolidation zone). ✅ $43,833 (61.8% Fibonacci retracement and the 200-week MA). Key Resistance Levels ✅ $105,450 (Fibonacci 61.8% extension). ✅ $113,825 (Fibonacci 78.6% extension). ✅ $155,302 (Fibonacci 161.8% target extension for long-term bullish continuation). The current weekly candle shows a long upper wick, indicating profit-taking or selling pressure near the $105,000-$108,000 range. This could hint at short-term weakness. RSI is above 70, signaling overbought conditions. A potential pullback or sideways movement is likely before the resumption of the uptrend. Recent bullish volume has decreased, which supports the hypothesis of a consolidation or short-term correction. Check out the full analysis 👇 https://lnkd.in/g2QMvrnb

The Switzerland-based Blockchain Game Alliance (BGA) just released its 2024 State of the Industry Survey and Report. The latest data shows that professionals from the traditional gaming realm are taking over Web3 gaming. According to the BGA, its recent survey had three times more respondents than the one it had in 2021. Along the way, over half, or 52.5%, of the respondents coming from the Web3 gaming industry said they had a strong background in traditional gaming. They notably outnumbered other professionals involved in the sector. In contrast, the number of blockchain or cryptocurrency specialists in the field has dropped from 21.7% in 2023 to 10.8% this year. The pivotal shift marks a potential departure from the heavily criticized model of Web3 gaming in the present day. From the start, the blockchain gaming industry has been marred by developers or publishers prioritizing investment-based or token-based models over providing better gameplay experiences. BGA President Sebastian Borget stated that there has been significant progress in making blockchain games in 2024. Unlike the previous years, it is currently more accessible. In addition, he claimed that industry professionals now find onboarding less of a hassle than in 2023. Borget believes the trend could influence the types of games developed for Web3. In particular, it could bring back fun and engaging experiences in Web3 gaming over complexity. Check out the full article 👇 https://lnkd.in/gvHGszEW

💡 Everyone who has followed crypto for some time knows that the market runs in cycles. In his most recent article Ed Prinz from DLT Austria outlines the key figures and dates from the previous and current cycles. Read the full article here: https://lnkd.in/dyXMhg_D #bitcoin

The Blockchain Association shared a video yesterday evening of President-elect Donald Trump’s speech from his Mar-a-Lago mansion to the members of the Association during the annual gala. Trump felicitated with the action group, commending their efforts. “A very big congratulations to the Blockchain Association on your summit. It is very important work that you are doing,” said Trump Trump also extended his government’s unwavering support to the Association, assuring them of his commitment to creating a friendly administration that will allow the industry to thrive in the US instead of abroad. “And you know that we are behind you, and we will fight for you. And we are going to make sure that we keep our business in the United States rather than China and so many other places,” he added. Check out the full article ⬇️ https://lnkd.in/gtghyRQP

Ripple Labs finally confirmed the launch of the Ripple USD (RLUSD) stablecoin this Tuesday. Amid the expected volatility of the RLUSD upon launch, traders are in a frenzy to capitalize on the price fluctuations. They seem undeterred by the warning earlier released by Ripple CTO David Schwartz against going FOMO (fear of missing out) over the new digital asset. Citing data from Xaman, CoinDesk noted a significant uptick in trading activity for XRP in anticipation of RLUSD’s launch. The popular XRP wallet noted that the numbers have surged by 250% since summer to a peak of 212K users last week. With the countdown zeroing to its launch today, the source logged bids for a unit of RLUSD raging from 500 XRP to 836 XRP. As of 6:00 AM UTC this Tuesday, the current exchange rate of $2.50 per token means these enterprising individuals are willing to pay around $1,250 up to $2,090 for the first units of the stablecoin. Check out the full article 👇 https://lnkd.in/gTeXVFt2