Author: NBTC
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. As we close out a historic year for bitcoin and other cryptocurrencies, some crypto-related equities are poised to end 2024 well into the green. Here’s a round-up of some of the best performers: Coinbase COIN shares started the year around $156. The stock rallied into the high-$200s in March, coinciding with bitcoin’s run-up to what was then a new all-time high of around $73,000. COIN’s big breakout came in the latter half of the year, though. Shares gained 67% between election night and Nov. 11, a…
The transition of crypto asset oversight in Indonesia from the Commodity Futures Trading Agency to the Financial Services Authority is reportedly facing delays due to a lack of supporting government regulation. According to a recent report by Jakarta Globe, the transition of crypto asset supervisory authority from the previous agency, Bappebti under the Ministry of Trade to the Financial Services Authority is set to occur by Jan. 12, 2025. However, the transfer may be delayed even further due to a lack of supporting government regulation. Chairman of the Indonesian FSA, known locally as OJK, Mahendra Siregar, assured reporters that authorities…
Bitcoin mining stocks could see massive growth in 2025, according to a report by H.C. Wainwright & Co. The equity research estimates that the market cap of Bitcoin mining companies will surpass $100 billion in 2025, up from $36 billion in 2024—a nearly 200% increase. This surge is attributed to improving mining economics and the ongoing Bitcoin (BTC) bull market, according to analysts. The report points to key factors driving optimism, including Bitcoin’s recent price appreciation and the continued success of spot Bitcoin ETFs in the U.S. These ETFs, approved earlier in 2024, have brought in $35.3 billion in net…
bitSmiley has announced its partnership with Omnity Network. Omnity is recognized as a leading Bitcoin cross-chain protocol, offering high security, low costs, and an excellent user experience. This announcement was made through official X account. This collaboration is a major leap forward for bitSmiley as the company pushes for innovation within the Bitcoin space. We are excited to be partnering with @OmnityNetwork!Omnity is a leading Bitcoin cross-chain protocol known for its high security, low cross-chain costs, and excellent user experience.Read here for more details on this collaboration:https://t.co/C2dy5DFzY2 pic.twitter.com/DP8UzIH6rn — bitSmiley | bitUSD (@bitsmiley_labs) November 27, 2024 bitSmiley Plans Decentralized Stablecoin…
FalconX is in talks to acquire Arbelos Markets, a crypto derivatives startup. Despite previous setbacks in recent years, FalconX recently posted a record quarter, and is looking to carry out major acquisitions. The CEO predicted a “wave of consolidation” in 2025, and Arbelos’ position in the growing derivatives market makes it an attractive target. FalconX to Acquire Arbelos FalconX, a long-standing platform for digital asset trading and brokerage, is looking to purchase Arbelos Markets. The firm’s heyday was in 2021, securing major funding and quintupling its value in five months. Since then, FalconX experienced major setbacks, with 18% of total…
MiCA is now live across the European Union, marking a milestone for digital asset oversight. Industry participants now operate under an EU-wide framework that covers stablecoins, token issuances, and services such as custody and exchange. As the Bretton Woods Committee wrote, the process involved years of consultation and negotiations, culminating in a rulebook that addresses oversight gaps and promotes transparency. Companies that issue e-money tokens (EMTs) must be incorporated in the EU or hold relevant e-money licenses, while asset-referenced tokens face higher disclosures and governance requirements when they reach certain volume or user thresholds. The measures also include stricter rules…
On Jan. 2, 2025, the publicly traded company Bitfufu announced its latest strategic move, securing a partnership with Bitmain to acquire a whopping 80,000 Antminer S units from the prominent ASIC bitcoin mining machine producer. Bitfufu’s Bold Move With Bitmain In a recent disclosure to the U.S. Securities and Exchange Commission (SEC), Nasdaq-listed Bitfufu shared details of a fresh two-year framework agreement with Bitmain. Under this pact, Bitfufu will scoop up to 80,000 S-series miners from Bitmain, including models like the S21 XP and S21 Pro. Bitmain is celebrated globally for its cutting-edge digital asset mining hardware. Bitfufu offers a…
Bitcoin’s recent price action has created a double divergence, signaling potential movement. Reclaiming the $95,000 level could lead to a renewed push toward Bitcoin’s six-figure target. A breakout above $95,000 could trigger additional buying momentum and challenge Bitcoin’s all-time high. The Bitcoin price verified recently the previous local high levels and this activated a technical signal that attracted the attention of observers. The cryptocurrency has now locked in what analysts are calling a ‘double divergence,’ meaning that the market could be setting itself up for a possible continuation. The cryptocurrency is now within a whisker of a major breakout point…
Crypto venture capital funding is projected to reach approximately $18 billion in 2025, according to a PitchBook analyst. This is because, following Donald Trump’s victory, venture capitalists are anticipating a favorable regulatory environment. 2025 Crypto Investments Set to Soar In an interview with CNBC, analyst Robert Le predicted $18 billion in crypto investments in the new year, citing the return of ‘generalist’ investors following Bitcoin’s post-election rally. This represents a 50% jump from 2024 levels. “Our prediction is we’re going to see $18 billion or more in venture capital dollar in 2025,” said Robert Le of PitchBook. Talking about funding…
Some tiers of Dogecoin (DOGE) holders could find themselves joining the millionaire’s club if DOGE reaches ambitious targets like $10. In this ongoing bull run, Dogecoin stands as one of the crypto assets with the most promising prospects, given its meme-inspired nature and strong backing from billionaire Elon Musk. Since the beginning of this year, the price of Dogecoin has grown by 375%, as it currently trades at $0.4250. Given its already impressive performance, market participants are expecting even more from the meme coin. Accordingly, The CryptoBasic analyzes the potential portfolio worth for investors holding 10K, 50K, and 100K units…