News

Arthur Hayes, BitMEX founder, predicts that most Layer-1 blockchains will fail, leaving only Ethereum and Solana as viable networks. He also forecasts the continuation of the bull market, driven by U.S. political factors, and a new trend towards privacy-focused cryptocurrencies in the coming year.

Goldman Sachs is acquiring Innovator Capital Management for approximately $2 billion, a move that brings a crypto-linked ETF under its management for the first time and adds $28 billion in assets under management to its ETF division.

Euler, a new modular lending protocol, is now listed on Bitvavo. It offers users greater flexibility through customizable vaults, allowing for more advanced borrowing and lending strategies compared to traditional platforms.

Ethereum’s price has fallen below the critical $3,000 support level, risking a further decline towards $2,850. However, the MVRV Z-Score indicator suggests the asset may be undervalued and could be nearing a bottom.

Elon Musk predicts that AI and robots will make jobs and traditional money obsolete within 20 years, but believes Bitcoin and energy will become the new real currencies in a post-scarcity world.

New data from De Nederlandse Bank shows Dutch investments have surpassed €200 billion for the first time, driven by strong stock market performance. However, this record amount is still less than half of the nation’s total savings, which exceed €518 billion.

In November, inflows into companies holding digital asset treasuries plummeted to a yearly low of $1.32 billion. Consequently, the stock prices of major players like Strategy (MSTR) and Metaplanet have suffered dramatic declines, with MSTR down over 60% from its July peak.

After a sharp correction, the crypto market rebounds with bitcoin leading the recovery. Analysts remain optimistic, with some predicting new all-time highs by January.

Julian Maddocks, a seven-year veteran at crypto exchange Kraken, argues that the current market fear is not a sign of weakness but a necessary transition. He highlights growing institutional adoption, new products like tokenized stocks, and the long-term potential of crypto despite short-term volatility.

Bitcoin is trading in a narrow range amid heavy selling from long-term holders. Analyst Ali Martinez warns that a break below the $83,300 support level could trigger a steep decline to $66,900.