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The cryptocurrency market experienced notable outflows from Bitcoin and Ethereum spot exchange-traded funds (ETFs) on December 30.



Bitcoin has edged higher over the past day despite global de-risking pulling equities lower, however, its 30-day Nasdaq correlation has climbed above 0.50, K33 Research reports.December’s FOMC meeting is seen as a major catalyst for the downturn in risk assets, with the Fed cutting its 2025 rate cuts forecast from four to two, analysts said.

Quick Take While it was politics this year that bolstered Polymarket, the platform also opened other — and certainly weirder — prediction markets. From aliens to tampons, Donald Trump smoking weed or Kamala Harris saying “brat,” here are some of the most interesting Polymarket predictions in 2024.

Quick Take Crypto M&A deals climbed to 248 in 2024, up from 221 in 2023 but still below 2022’s 271. Crypto VCs foresee consolidation rising in 2025, driven by clearer regulations and fintech expansion into crypto.

Quick Take Though they’ve been around for over a decade, memecoins have come to define 2024 much like how initial coin offerings dominated 2017 and NFTs took over 2021. Memecoins left their mark on the digital asset industry and aren’t going anywhere, sparking conversations on how the digital asset landscape should consider them moving forward.

IRS’s 2025 crypto relief for CeFi users is automatic. Taxpayers are not required to file or take action immediately.

Virtuals Protocol's VIRTUAL token reached a record $4, driven by strong market momentum. The team remains focused on bold growth goals for 2025.

This crypto analyst compared $HYPE at $20 with $SOL at $8. Here's why.
- 02:24Trump: Tariff Letter to Be Issued at 12:00 Noon Monday Beijing TimeAccording to Jinse Finance, U.S. President Trump posted on social media: I am pleased to announce that the U.S. will begin sending out tariff letters and/or agreements with countries around the world starting at 12:00 noon Eastern Time on July 7 (early Tuesday morning in GMT+8).
- 02:16US House Hearing on Crypto Tax Framework Postponed Due to Recess, New Date UndecidedAccording to a report by Jinse Finance, crypto journalist Eleanor Terrett has provided an update on her previous coverage, noting that due to the U.S. House of Representatives being in recess this week, the hearing on the crypto tax framework originally scheduled for Wednesday will be rescheduled, with the specific date yet to be determined. This update indicates that the hearing will not proceed as initially planned, and a new date has not been announced. Previously, Eleanor Terrett revealed that the U.S. Senate Banking Committee plans to hold a full committee hearing next Wednesday (July 9) at 22:00 (UTC+8), focusing on market structure issues.
- 02:12Airwallex is forming a stablecoin platform team to build a global token settlement systemOdaily Planet Daily News: According to the official website of Australian fintech startup Airwallex, the company is forming a stablecoin platform team and has opened two engineering positions to build stablecoin infrastructure.According to the page, this infrastructure will allow customers and internal systems to buy, hold, send, and settle tokens globally, support near-instant global payments, and enable on-chain liquidity as well as seamless fiat-to-stablecoin conversion.