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Bitcoin(BTC) Drops to $87,000 with a 3.02% Decrease in 24 Hours
Bitcoin has dropped to $87,000 and is now trading at $87,298, with a narrowed 3.02% decrease in 24 hours.
Ethereum(ETH) Drops Below $3,000 with a 3.12% Decrease in 24 Hours
Ethereum has crossed the $3,000 benchmark and is now trading at $2,945, with a 3.12% decrease in 24 hours.
Strategy Buys $109M Worth of Bitcoin During Holiday Week
Strategy bought 1,229 bitcoin in the Dec. 22-28 period for a total of $108.8M, the company, formerly known as MicroStrategy, disclosed on Monday.
The latest batch of BTC were acquired at an average price of $88,568 per coin, according to a U.S. Securities and Exchange Commission filing. The tokens were funded through a common stock offering.
Its total bitcoin holdings swelled to 672,497 tokens, valued at $50.4B with an average price of $74,997. Bitcoin has had a tough go this year, though Michael Saylor's Strategy (MSTR) is still in the green, with prices changing hands at around $87K at press time.
Tron Inc. Secures $18 Million Strategic Investment from Justin Sun
Nasdaq-listed digital asset treasury company Tron Inc. has announced a strategic investment of $18 million from Justin Sun. The company plans to use the funds to expand its TRX treasury, strengthen its balance sheet, and increase its digital asset reserves.
Standard Chartered and Ant Launch 24-Hour Tokenized Deposits
Standard Chartered Bank Limited in Hong Kong and Ant International have launched a blockchain-based tokenized deposit system that enables funds to move in real time. The commercial rollout enables value transfers in Hong Kong dollars, Chinese yuan, and US dollars across Ant International’s global entities without waiting for traditional banking hours.
The launch follows a Hong Kong dollar test settlement completed last year and makes Ant International the first client to use the solution commercially. The project sits within the Hong Kong Monetary Authority’s Project Ensemble and its Supervisory Incubator for Distributed Ledger Technology, which supports the experimentation of regulated blockchain.
Crypto Firm Tied to Trumps Axes Auditor in Latest Sign of Strife
A small financial-technology company tied to a Trump family crypto project has fired its auditor, the latest sign of turmoil at the Las Vegas-based firm.
Alt5 Sigma Corp. dismissed the auditor, called Victor Mokuolu CPA PLLC, on Christmas Day — less than three weeks after hiring it, according to a regulatory filing on Monday. Its new auditor is Deer Park, Ill.-based L J Soldinger Associates LLC, the filing said.
The company had inked a $1.5 billion deal in August to buy tokens created by World Liberty Financial Inc., a crypto firm co-founded by members of President Donald Trump’s family. The deal was intended to transform Alt5, a virtually unknown former appliance recycler and biotech startup, into a stockpiler of that WLFI token.
Bitcoin Faces Potential Early Stages of Crypto Winter, Analyst Predicts
Cantor Fitzgerald analyst Brett Knoblauch has forecasted that Bitcoin may be entering the early stages of a 'crypto winter,' reflecting its historical four-year cycle pattern. He suggests that Bitcoin's price could remain under pressure for several months and might even test Strategy Company's average cost price of around $75,000.
Bitcoin Spot ETF Flow
The overall net outflow of the US Bitcoin spot ETF on Monday was $19.29 million. The total net asset value of Bitcoin spot ETFs is $113.07 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.49%.
The Bitcoin spot ETF with the highest net outflow on Dec. 29 was Invesco Galaxy Bitcoin ETF, with a net outflow of $10.41 million. Followed by iShares Bitcoin Trust, with a net outflow of 7.92 million, according to SoSoValue.
SoSoValue
