📁 What’s New in the World of Cryptocurrency Last Week?

The crypto market continues to surprise us with major events and exciting initiatives!

Here’s a quick rundown of the key news that could shape the industry’s future:

1️⃣ U.S. Economy: Q3 GDP Growth at 2.8%

The American economy shows steady growth, but the Core PCE Price Index fell short of expectations at just 2.1%. This could influence monetary policy and interest in digital assets.

2️⃣ New Crypto Regulation Initiative in the U.S.

The Trump administration proposes expanding the CFTC’s authority to oversee cryptocurrencies, including Bitcoin and Ethereum, reducing the SEC’s influence.

3️⃣ Confiscation of Mining Equipment in the U.S.

U.S. customs authorities have detained shipments of Bitmain’s Antminer S21 and T21. The reasons remain unclear, but this has already caused significant disruptions for some miners.

4️⃣ Court Challenges Sanctions on Tornado Cash

An appeals court ruled that sanctions on Tornado Cash’s immutable smart contracts exceeded the Treasury’s authority.

5️⃣ Brazil Proposes Bitcoin Reserve

A bill to include Bitcoin in the country’s strategic reserves is gaining traction.

6️⃣ Blockchain and AI Integration

CZ from Binance highlighted the importance of combining blockchain and artificial intelligence for new financial and social solutions.

7️⃣ Kraken Shutting Down NFT Marketplace

The crypto exchange announced it would close its NFT platform by February 2025 to focus on new projects.

8️⃣ ZA Bank in Hong Kong Launches Crypto Trading

Users can now buy and sell Bitcoin and Ethereum directly through the mobile app using USD or HKD.

9️⃣ Altcoin ETF Approvals Delayed

According to analysts, decisions on ETFs for SOL, XRP, and other altcoins are unlikely before late 2025.

1️⃣0️⃣ The Concept of a “World Computer”

Experts introduced the idea of a decentralized platform for collaboration, supporting DeFi, stablecoins, and social networks.

✅ Conclusion:

The crypto market continues to grow despite challenges. Initiatives in regulation, innovation, and the global economy are setting the direction for the future.

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📊 November Results: Decline in Deals and Investment Volume

November marked a month of decline in both the number of deals and the total investment volume.

According to RootData, 86 projects were announced, which is 13% less than in October (95), 8.5% less than in November last year (94).

📊 Sector Breakdown

Investments in November were distributed as follows:

▪️ CeFi — 8%
▪️ DeFi — 27%
▪️ NFT/GameFi — 19%
▪️ L1/L2 — 16%
▪️ RWA/DePIN — 9%
▪️ Tools and Wallets — 5%
▪️ Artificial Intelligence — 15%

📊 Decline in Funding Volume

The total funding amount for November was $450 million.

This is a 43.8% decrease compared to October ($780 million) and a 65.1% decrease compared to November 2023 ($1.29 billion)

Top-3 Deals of the Month:

1️⃣ USDX.Money — $45 million. Development of a stablecoin with a $275 million valuation.

2️⃣ 0G Labs — $35 million. Modular AI blockchain infrastructure.

3️⃣ Monkey Tilt — $30 million. Sports prediction platform.

📊 What’s Next?

While there has been a decline in investment volumes, interest in DeFi, AI, and L2 projects remains strong.

Which projects will succeed in the current market in December?

We are watching new investments and developments closely.

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💸 Why 21 Million Bitcoins Will Never Be Mined

Many believe that the total number of bitcoins will reach exactly 21 million in the future.

But this is a myth based on a mistake. Let's understand why...

🧮 How Satoshi Calculated the Number "21 Million"

The calculation is based on Bitcoin's deflationary protocol, which determines the block reward. Here's how it works:

1️⃣ Calculate the number of blocks in one cycle (4 years):

6 blocks per hour
× 24 hours per day
× 365 days per year
× 4 years per cycle
= 210,240 (rounded to 210,000).

2️⃣ Total sum of all block rewards:

Initial reward: 50 BTC per block.
After the first halving: 25 BTC, then 12.5 BTC, and so on.

Total sum of all rewards:
50 + 25 + 12.5 + 6.25 + 3.125 + 1.5625 = 100 BTC.

3️⃣ Total number of bitcoins:

Multiply the rewards by the number of blocks:

210,000 × 100 = 21,000,000 BTC.

🥇 Why Did Satoshi Choose 21 Million?

Triangular Number: Triangular numbers simplify calculations and ensure the stability of issuance.

Deflationary Protocol: The block reward decreases every 210,000 blocks. On average, halving occurs every 4 years.

Gold Standard: Satoshi compared Bitcoin to gold. Throughout history, about 174,100 tons of gold have been mined (as of 2012).

The number is equivalent to a gold cube with a side of 21 meters—a symbolic coincidence with Bitcoin's limit.

❔ Why Not 21 Million?

In reality, a maximum of 20,999,999.9796 BTC will be mined.

The main reason is the rounding feature when dividing Bitcoin into 8 decimal places.

Block rewards cannot be divided infinitely, so with each halving (reducing the block reward by half), there is a technical decrease in the total amount that will be mined.

📺 The End...

The last block that will bring coins will be number 6,929,999.

It is expected to be created in 2140, and the block reward will be less than 1 satoshi.

One can say that some things will never happen:

⚪️ The sun will not rise in the west
⚪️ Parallel lines will not intersect
⚪️ 21 million bitcoins will not be reached 😉

Bitcoin remains a rare asset, where scarcity through halving and demand create stability and value 👍

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🖥 Crypto Investment Market: $1.05bn Inflows in a Week!

Last week, crypto funds saw impressive growth with $1.05bn in investments, marking the third consecutive week of positive flows.

Total inflows for the year hit a record $14.9bn.

📊 Key Facts:

✅ Bitcoin remains the top beneficiary with $1.01bn in weekly inflows.

✅ Ethereum attracted $36m, its best result since March, likely due to anticipation of ETH ETFs launching in the US.

✅ Among altcoins, Solana leads with $8m in inflows.

❌ Short Bitcoin suffered outflows of $4.3m, signaling growing positive sentiment in the market.

🌐 Regional Focus:

✅ The majority of inflows were in the US — $1.03bn.

✅ Europe: Germany (+$48m), Switzerland (+$30m).

❌ Hong Kong: continued outflows of $29m, despite a strong start for spot-based ETFs.

📈 Market Figures:

Total digital assets under management (AuM) reached $98.5bn.

ETP trading volumes rose by 28% to $13.6bn.

💡 What’s Next?

Investors remain optimistic amid dovish signals from the Fed and recent price rallies.

The crypto sector continues to show resilience and attract global capital.

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🖥 CCData: November Report or How the Elections Influenced Cryptocurrency Dynamics

Recently, CCData, a global leader in digital asset data processing, published its report for November 2024.

We’re examining the key indicators crucial for the digital asset industry.

📈 CEX Trading Volume

In November, the trading volume on centralized cryptocurrency exchanges (CEX) hit a historic high:

The spot and derivatives markets surged by 101%, reaching up to $10.4 trillion.

📊 Future Outlook

Donald Trump’s active cryptocurrency policy significantly impacts the global perception of digital assets.

Other countries are also beginning to reassess their stance on cryptocurrencies.

In the near future, we may see cryptocurrencies solidifying their position on the global stage, spurred by a strong increase in interest.

💱 Cryptocurrencies as a Convenient Payment Method

Currently, only a few applications support both crypto and fiat payments.

For example, the well-known financial tool Altery supports top-ups with fiat currencies (pounds, dollars, euros) as well as cryptocurrencies (TON and USDT).

It’s a proven wallet regulated by the UK Financial Conduct Authority (FCA).

Altery operates via an app or a Telegram bot.

Setup involves 4 simple steps:

1️⃣ Connect through the Altery bot

2️⃣ Complete KYC for security

3️⃣ Issue a card

4️⃣ Fund with crypto or currency

Altery is for those who want to stay one step ahead. Pay for purchases with both digital and fiat currency.

✅ Conclusions: November – a month of all-time records

The CME exchange set new historical highs.

In November, the combined trading volume on the CME exchange grew by 83.7% to $245 billion, setting a new all-time record for this institutional marketplace.

Bitcoin futures volume on the exchange rose by 72.2% to $186 billion.

While Ethereum futures volume increased by 122% to $33.6 billion.

This marks a new record for both instruments.

Such positive dynamics create favorable conditions for traders and investors and foster expectations of changes in the regulatory environment for cryptocurrencies under the new U.S. administration.

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📁 What happened in the world of cryptocurrencies last week?

The past few days have been marked by historic records, bold statements, and strategic decisions by regulators, investors, and top market players.

Here’s a brief overview of the key news that could influence the industry’s development:

1️⃣ Bitcoin Surpassed $100,000, Causing Widespread Buzz

BTC reached $104,056, and those famous “pizzas for BTC” are now valued at $1 billion!

2️⃣ New Appointments in the U.S.: SEC and Crypto-Innovation

Donald Trump nominated Paul Atkins as SEC Chair and appointed David O. Sacks to oversee AI and cryptocurrency sectors. Sacks, who has previously invested in decentralized projects, will help develop a clear legal framework for the industry.

3️⃣ Powell: Bitcoin Competes with Gold, Not the Dollar

Fed Chair Jerome Powell compared BTC to “digital gold,” emphasizing that volatility prevents it from becoming a U.S. payment method or reserve asset.

Cathie Wood of ARK Invest expressed optimism, noting Bitcoin’s potential and early stage of development.

4️⃣ Bank of England Prepares to Cut Rates

Bank of England Governor Andrew Bailey predicts four key rate cuts in 2025, citing faster-than-expected inflation decline.

5️⃣ South Korea Delays Crypto Tax Again

The introduction of a 20% tax on digital asset profits has now been postponed to 2027, giving the market more time to adapt.

6️⃣ Binance Leads in Crypto Inflows

In 2024, the exchange recorded $21.6 billion in inflows, significantly outpacing competitors. Bybit and OKX remain notable but less impressive.

7️⃣ Coinbase Integrates Apple Pay into Onramp

The new feature simplifies buying cryptocurrencies, lowering barriers for new users and strengthening the bridge between fiat and digital assets.

8️⃣ MicroStrategy Buys Another 15,400 BTC

The company continues its long-term strategy, increasing its holdings to 402,100 BTC. The average purchase price is now about $58,263 per coin.

9️⃣ a16z’s 2025 Forecasts: Tokenization and AI

Analysts expect stablecoins to soar in everyday transactions, mass tokenization of assets, and the integration of AI into blockchain services.

New markets and opportunities will expand the influence of decentralized technologies.

1️⃣0️⃣ Ethereum Foundation’s Q3 2024 Grant Report

Nearly $12.85 million went to education, developer tools, ZK-projects, L2 solutions, and events that strengthen the community and technological foundation of the ecosystem.

✅ Conclusion:

This week, we witnessed historic records, new regulatory leadership, strategic investments, and technological breakthroughs.

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🇺🇸 FSOC Warns About Stablecoin Risks

The U.S. Financial Stability Oversight Council (FSOC) has once again highlighted the vulnerabilities of stablecoins and their impact on the market.

🇺🇸 What Happened?

FSOC published its annual report, emphasizing the following:

Stablecoins are vulnerable to mass redemptions if there are no risk management standards in place.

One company controls 70% of the stablecoin market, creating a high concentration of risk.

💵 What Is FSOC Afraid Of?

⚪️ Lack of transparency in reserve management increases the likelihood of fraud.

⚪️ The 2022 TerraUSD (UST) crash demonstrated how quickly a stablecoin can collapse in value.

⚪️ Tether’s dominance, with a market cap of $136.8 billion, could pose a threat to both the crypto market and the traditional financial system.

The Council urged the U.S. Congress to pass laws establishing federal standards for stablecoin management.

They want to protect investors, the market, and consumers from potential risks, but how justified is this approach?

If no measures are taken, FSOC reserves the right to act on its own.

💵 Context

The European MiCA legislation already imposes strict reserve requirements on stablecoins—at least 60% must be held in European banks.

Tether’s CEO, Paolo Ardoino, recently stated that

the upcoming regulatory framework in Europe could create banking issues for stablecoin issuers, threatening the stability of the entire cryptocurrency industry.

💵 Another Perspective

FSOC itself claims that regulating stablecoins will be a key step toward ensuring the crypto market’s resilience.

The report compares stablecoins with BTC.

Given the active promotion of Bitcoin in the new U.S. cryptocurrency policy, such close scrutiny of stablecoins doesn’t seem coincidental.

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