What Happened in Crypto Today: Guess Who Wants Bitcoin Now
The same institutions that called crypto “magic internet money” can't seem to get enough of Bitcoin these days.
Funny how a few extra zeros can change someone's perspective, right?
Now that Bitcoin is well into the six figures, even its most outspoken critics are quietly opening their wallets.
And ether? It's finally getting the institutional love letter it's been waiting for. Those same people who couldn't stop talking about Bitcoin ETFs are suddenly very interested in what ETH has to offer.
Is it FOMO? Maybe. Smart money? Could be. But something tells me we're watching history unfold in real time.
The real question is: what now? Because if there's one thing crypto has taught us, it's that today's milestone is tomorrow's starting line.
So what's really going on here? Let's all have fun! Here's a quick overview of the top headlines from the past 24 hours:
Let's break these stories down into a TLDR format that suits your style:
Sygnum Bank sees Bitcoin exploding in 2025, with sovereign wealth funds and pensions jumping in. But what makes them so confident that these conservative investors suddenly embrace crypto? 🤔
Brian Quintenz could be the next CFTC chairman, with his crypto-friendly stance from a16z. Will his appointment, with his ETH futures argument against SEC, actually change anything for crypto? 📈
ETH breaks $4,000, while ETF inflows hit a record $428 million per day. Is this rise sustainable or are we heading for a classic crypto plot twist? 🚀
The battle for Caroline Crenshaw's SEC renomination is heating up as Trump's pro-crypto choice waits in the wings. So is the US finally going completely pro-crypto, or is this just another false dawn? ⚖️
Chainalysis is starting to track all 4M Solana tokens, especially the Pump.fun meme coins that generate $93 million monthly. But can they really spot scams before they happen? 🔍
Let's dive in!
Sygnum Bank just released a fascinating prediction about the future of Bitcoin.
The bank's latest report suggests that 2025 could be the year Bitcoin exceeds all expectations. Not because of retailers or market speculation, but thanks to some serious players getting into the game.
We're talking about sovereign wealth funds, pension funds and endowments – the types of investors who typically stick to traditional assets. They are starting to see Bitcoin differently, and their deep pockets could change everything.
How are they so sure? Read the full story!
Brian Quintenz, who already has an impressive track record with crypto at the CFTC, is reportedly leading the CFTC chair race. During his previous stint from 2017 to 2021, he helped launch the first regulated Bitcoin and Ethereum futures in the US – and that was just the beginning.
Quintenz is currently head of policy at a16z's crypto division and has been vocal about the SEC's approach to crypto regulation. He believes there is a better way to regulate digital assets without stifling innovation.
Quintenz points out that if the SEC approves Ether futures ETFs, how can they claim jurisdiction over Ether itself?
Will his win push ETH prices to new highs? Read the full story!
Ethereum just surpassed $4,000, and the story behind this rise is quite fascinating.
ETH ETFs are absolutely crushing it. We're talking $428 million flowing in in one day – the largest daily inflow ever. In two weeks, these ETFs have raised almost $2 billion and now hold 3.43 million ETH.
But there is more to this story than just numbers. Ethereum's network is busier than ever and will process up to 7.5 million transactions daily by 2024. That is an increase compared to 5 million last year. More activity means more fees being burned, and since September Ethereum has been burning more than it generates.
CryptoQuant's analysis suggests this may be just the beginning. Their models point to some seriously optimistic numbers, especially given ETH's current trading patterns.
Want to know their exact price target and what's driving their bullish outlook? Read the full story!
A crucial mood for the future of crypto in the US is heating up, and it's not the one you might expect.
Caroline Crenshaw's renomination to the SEC has become quite a political battle. More than forty interest groups are pushing hard for her confirmation before time runs out, but Republican senators are not making it easy for her.
With SEC Chairman Gary Gensler set to resign and Trump's candidate Paul Atkins (known for his crypto-friendly stance) waiting in the wings, this vote could completely change the way crypto is regulated in the US.
So the US is finally on its way to becoming completely pro-crypto? Read the full story!
Chainalysis recently decided to dive deep into the meme coin world of Solana.
The blockchain detective agency is now tracking all Solana tokens, including Pump.fun's explosion of meme coins. We're talking about monitoring 4 million different tokens – each now visible under the watchful eye of Chainalysis.
Pump.fun generated $93 million in revenue last month. But a crypto researcher discovered that 95% of these meme coins disappear within 24 hours, taking investors' money with them.
That's exactly why Chainalysis stepped in. Their Know Your Transaction and Reactor tools now track these tokens from the moment they are created. This means exchanges can list them with confidence and regulators can spot problems before they happen.
So we will know right away which of these tokens is a scam or not? Read the full story!
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