c37513757

@c37513757

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On Jan. 1, cryptocurrency prediction platform Polymarket said the odds of a US Solana ETF listing in 2025 are around 77%. In a post on the X platform, Sigel described Polymarket’s forecast as “underpriced.”

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Before Council’s alleged actions, many in the crypto industry had been expecting the SEC to announce a decision on whether US exchanges would be permitted to list spot ETFs tied to Bitcoin. US authorities alleged Council was part of a group that took control of the SEC’s X account through a SIM swap attack, with the post causing the price of BTC to briefly surge by more than $1,000.

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A Senate committee vote to re-nominate Commissioner Caroline Crenshaw, a Democrat, to the Securities and Exchange Commission (SEC) has been postponed, leaving her position at the agency up in the air.

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“Those products need to be properly designed and marketed to the right consumers to ensure Australians receive appropriate protections,” he added.

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Since the launch of US spot Bitcoin exchange-traded funds (ETFs) in January, major institutions, including BlackRock, have amassed large amounts of Bitcoin.

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This presents a newfound risk for Bitcoin, according to Anndy Lian, author and intergovernmental blockchain expert.

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But as Bitcoin accumulates in the hands of a few large financial institutions and “whales,” its potential for wealth redistribution is increasingly questioned.

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Bitcoin’s decentralization initially made it a safe-haven asset for those seeking to build wealth outside traditional finance systems.

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While Bitcoin’s leading returns presented a significant opportunity for early investors, some industry experts worry that it’s too late for current investors to adopt Bitcoin as a means of creating more economic equality and bridging the wealth gap.

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Bitcoin has generated more than 893,000 times its value since August 2011, presenting life-changing opportunities for long-term holders. According to Bitstamp data, Bitcoin’s trajectory has made it one of the most profitable assets in history.

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While it has since fallen back below the mark, the asset is still up 32.1% over the past month and over 120% year-to-date, outshining most traditional finance products.

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Bitcoin’s historic price milestone on Dec. 5, surpassing $100,000 for the first time, is ushering in a new era of digital wealth creation. This milestone may provide a potential solution to bridge the growing wealth gap, but it also raises concerns over its role in exacerbating wealth inequality.

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itcoin was trading at $97,580 at the time of writing, down 4.9% over the previous 24 hours.

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Governments hold 2,856 Bitcoin, while asset management firms and private firms hold 1,253 Bitcoin and 410,418 Bitcoin, respectively.

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Publicly listed Bitcoin mining companies have spent a combined $3.6 billion on plant, property and equipment (PP&E) upgrades so far this year, underscoring heavy investment in the Bitcoin infrastructure business.

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Depending on how the Nov. 29 trading day goes, it could be the first week that the US Ether funds beat spot Bitcoin ETFs in net inflow.

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The spot Ether ETFs have taken in $224.9 million in net inflows over the last four trading days between Nov. 22-27, while the spot Bitcoin ETFs tallied $35.2 million in net inflows over the same timeframe, Farside Investors data shows.

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Ether exchange-traded funds (ETFs) have seen more money from investors than their Bitcoin counterparts since Friday, Nov. 22, as Ethereum’s decentralized finance (DeFi) ecosystem scored a key victory in court this week.

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The total loss from the incident was initially reported at $21 million, the second-largest hack in November behind the $25.5 million Thala hack, though Thala recovered all lost assets.

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According to MistTrack, most victims lost less than $10,000 amid a private key leak, though one individual lost more than $1 million.

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