Transaction URL: https://blockchain.com/btc/tx/0e8a5c8b7c3227ec631af8527233a435f61c6c15b00688920b9f8f058578931c
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Focusing on EVM chains, the Flipside’s Onchain Users Report tracked both record growth and emerging challenges in maintaining engagement quality. Here are a few trends to watch in 2025.
Record user growth
Newly acquired users reached a record 19.4 million in October, with Base contributing 13.7m — “almost 8x the runner-up, Polygon,” the report notes. This explosive growth was attributed to Coinbase’s vast user base and Base’s focus on “trending sectors like memecoin trading and onchain AI via new initiatives like Based Agents.”
An “acquired user” is defined as a…
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On December 18, 2024, the daily net flow of U.S. Bitcoin ETFs continued to showcase strong market activity, with most funds experiencing significant net inflows. BlackRock’s Bitcoin ETF (Ticker: IBIT) dominated the day with a substantial increase of 6,960 BTC. Grayscale’s BTC fund (Ticker: BTC) also saw a positive movement, albeit more modest, with an increase of 62 BTC. Additionally, Grayscale’s GBTC (Ticker: GBTC) experienced an inflow of 158 BTC.
However, not all funds saw gains. Fidelity’s Bitcoin ETF (Ticker: FBTC) recorded a significant net outflow of 1,202 BTC, making it the outlier for the day. Other funds such as ARK’s Bitcoin ETF (Ticker: ARKB), Bitwise (Ticker: BITB), and Invesco Galaxy’s (Ticker: BTCO) also faced declines, with losses of 163 BTC, 229 BTC, and 58 BTC respectively.
Overall, the total Bitcoin holdings across these ETFs amounted to 1,138,384 BTC, reflecting a net daily increase of 5,528 BTC, valued at approximately $575.3 million. This performance indicates a day of vigorous trading activity and considerable investor interest, contributing positively to the Bitcoin ETF market’s growth.
Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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In the world of Bitcoin investing, understanding market cycles is key to identifying buying opportunities and spotting potential price peaks. One indicator that has stood the test of time in this regard is the Puell Multiple. Originally created by David Puell, this metric examines Bitcoin’s valuation through the lens of miner revenue, offering insights into whether Bitcoin might be undervalued or overvalued compared to its historical norms.
This article will explain what the Puell Multiple is, how to interpret it, and what the current reading on the chart suggests for investors. For a real-time look at this tool, check out the Puell Multiple chart on Bitcoin Magazine Pro.
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Yesterday, BlackRock released a new video aimed at educating people interested in Bitcoin on the asset class.
The video is quite good, honestly. I think they took inspiration from Saifedean Ammous’ book “The Bitcoin Standard,” which discusses the history of money from the beginning of time and how it has changed and evolved throughout history.
Launched in January, IBIT has now topped $50 Billion in assets as…
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MicroStrategy is sucking most of the air out of the room right now. But there are even bigger forces at play.
As debate rages over whether Saylor is a once-in-a-lifetime financial genius or just another overleveraged trader, stablecoins are bringing even more liquidity to crypto.
At least, that’s in terms of raw dollar value being pumped into the space right now.
MSTR has now spent $17.5 billion on bitcoin in the past two months alone, as shown by the orange areas on the chart below. Most of that cash has come from buyers of its infamous zero-percent convertible…
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Sonic Labs has officially launched its Sonic mainnet, a next-generation EVM-compatible layer-1 blockchain built to empower developers with robust features and compelling incentives.
With the capability to handle up to 10,000 transactions per second and near-instant finality, Sonic sets a new benchmark for performance. It also features a native decentralized bridge that seamlessly connects to Ethereum, making it a powerful platform for building innovative, high-impact applications.
Spearheaded by the team behind Fantom, Sonic is rooted in proven technology. The introduction of the S token propels Sonic far beyond Fantom and FTM, reshaping the landscape of DeFi. It’s engineered to…
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Hong Kong’s securities regulator has recently approved four new cryptocurrency exchanges, significantly bolstering the industry. Accumulus GBA Technology, DFX Labs, Hong Kong Digital Asset EX, and Thousand Whales Technology have all received virtual asset trading platform licenses. This strategic move aims to reinvigorate the city’s crypto business and enhance investor protection, contrasting sharply with mainland China’s strict bans on such activities.
Eric Yip of the Securities and Futures Commission highlighted the balance between regulatory safeguards and fostering growth within the digital asset ecosystem. The licensed exchanges are set to operate under restricted conditions initially, including completing third-party security assessments. This development follows the city’s earlier decision to permit crypto exchange-traded funds, positioning Hong Kong as a pioneering force in regulated crypto finance.
The regulatory momentum continues as the city prepares to introduce a bill regulating stablecoin issuers, ensuring compliance before operations. This proactive stance underscores Hong Kong’s commitment to becoming a major hub for digital assets while maintaining robust investor safeguards.