What Pushed Crypto Forward ($)
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- 😕 IRS Finalizes Controversial Crypto Tax Rules. DeFi's 'brokers' will be subject to same rules facing securities brokers if Trump keeps new rules in place.
- 🇺🇸 Do Kwon USA Extradition Order Signed. The Terraform Labs founder may have finally run out of legal maneuverings preventing him from extradition.
- 🦛 Vitalik 'Adopts' Moo Deng Hippo with Donation. A nearly $300K donation to the Khao Kheow Open Zoo from the ETH founder was a feel-good holiday moment.
📸 Daily Market Snapshot: While the majors continued their late-December downward slide, AI Agent tokens led the way, pumping to new all-time highs this week, with VIRTUAL up nearly 35%, AI16Z up 23%, and VADER up a whopping 125%.
| Prices as of 2pm ET | 24hr | 7d |
|
Crypto $3.30T | ↘ 0.5% | ↘ 2.1% |
|
BTC $94,229 | ↘ 1.3% | ↘ 2.9% |
|
ETH $3,348 | ↗ 0.7% | ↘ 3.6% |
In many ways, 2024 sold the story of bitcoin's value to the world as the asset surpassed $100K and launched an epic revenge run. This year in crypto wasn't just about BTC though; 2024 was a huge year for both the Solana and Ethereum communities.
And while, as always, there was a decent amount of infighting between the two premiere smart contract platforms at various points, this was a year that showcased the distinct strengths of each community in building experiences that ultimately brought more attention to the crypto space while setting up the industry for a legendary 2025.
Today, we're digging into some of the top moments that embodied the strengths of Ethereum and Solana in 2024 👇
Want to make an impact? Apply for a grant! The Cartesi Grants Program Wave 2 is accepting proposals over the next 6 months, with a funding budget of $500,000 in CTSI to support builders. Not a dev but know talented devs? Refer them to the program and become eligible for a DevDrop reward!
How do politics shape Bitcoin’s future? Can the U.S. adopt Bitcoin as a strategic reserve asset?
Our guest today is Anthony Scaramucci, founder of SkyBridge Capital and author of the upcoming The Little Book of Bitcoin. Known for his financial acumen and a brief stint in the Trump administration, Scaramucci unpacks Wall Street’s growing embrace of Bitcoin and its implications for the global economy.
With bold price predictions, Scaramucci explores how Bitcoin could hit $200K and outlines the game-changing impact of blockchain on the global economy.
Get the full analysis! 👇
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🧑💻 Lucas Matney / Bankless Editor
Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.