Crypto Markets Bounce, Corporate Bitcoin Investment Surges
Markets in the Last 24 Hrs: • Cryptocurrency markets rebounded following the latest Producer Price Index (PPI) report • Bitcoin, Ethereum, and other major cryptocurrencies saw positive price movements
Key Headlines:
Crypto Markets Bounce: The cryptocurrency market is recovering after recent losses, driven by the latest Producer Price Index (PPI) report showing cooling U.S. wholesale inflation. The rally follows a week of losses triggered by strong macroeconomic data that previously dampened hopes for imminent rate cuts.
Sony Layer 2 Controversy: Sony's Layer 2 network, Soneium, has sparked user uproar by freezing memecoins like Aibo and Toro, citing intellectual property concerns. Users reported being unable to trade these tokens shortly after the network's launch.
Corporate Bitcoin Investment: • MicroStrategy acquired an additional 2,530 BTC, pushing its reserves above $43 billion • Semler Scientific added 237 BTC, becoming the twelfth largest public corporate Bitcoin holder • Bitwise CIO predicts hundreds of companies will adopt Bitcoin as a reserve asset
Other Notable Developments: • Bitcoin ETFs reached $105.4 billion in net assets by end of 2024 • Morpho Protocol's Total Value Locked (TVL) increased 150% to $3.65 billion • DeFi dominated 2024 with 532% growth and seven million active wallets • Chainalysis reports a record $51 billion in crypto illicit activities • TON blockchain plans U.S. expansion, anticipating a crypto-friendly environment