ellaoli4r

@ellaoli4r

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The Bitcoin proposal for a “financially sound, sovereign and responsible Switzerland” was submitted on Dec. 5 and was officially registered in Switzerland’s Federal Gazette on Dec. 31.

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“We were waiting for the right timing. Now, everything is falling into place, and this is why we submitted the documents and will start collecting the signatures,” Bennaïm told Cointelegraph.

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The proposal must accumulate 100,000 signatures for it to be put to a public referendum, according to Tether’s vice president of energy and mining, Giw Zanganeh, who helped launch the proposal with Yves Bennaïm, founder and chairman of Swiss Bitcoin nonprofit think tank 2B4CH, and eight other Bitcoin advocates.

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A proposal to constitutionally mandate the Swiss National Bank (SNB) to hold Bitcoin on its balance sheet was set in motion by the Swiss Federal Chancellery on Dec. 31.

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Musk recently changed his name on X to Kekius Maximus — a chimera of internet culture references, combining the popular meme Pepe and Maximus Decimus Meridius, Russell Crowe’s character in the 2000 film Gladiator.

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“By the end, public discourse collapses into either balkanization, monoculture (where the winner will be the guy with the biggest hammer, not the guy with the best arguments), or constant war of all against all,” Buterin said.

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Buterin added that the “banhammer” — an informal term used to describe a moderator or administrator to remove certain users for inappropriate behavior — was another example of an ineffective measure to control speech.

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“It’s not ‘wartime mode’ that will get humanity to Mars in one piece, it’s something brighter - and we should get into that mode today.”

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“The role of leaders in setting the tone is really important and can be used to great good or great evil,” Buterin added.

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He cautioned Musk to be more wary of his tone and ensure that he used his power on X for the benefit of humanity.

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The asset manager expects the Ethereum network to generate up to $66 billion in annual free cash flow by 2030, driving spot ETH’s price as high as $22,000.

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Meanwhile, asset manager VanEck estimates Ether’s spot price will reach $6,000 by the fourth quarter of 2025.

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Ethereum and Base, an Ethereum layer-2 scaling network, are “where many AI agents are currently operating,” Hougan told Cointelegraph in a Dec. 19 interview.

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Sustained growth in network activity, including from the proliferation of artificial intelligence agents, could further propel Ether’s performance, which has lagged behind rival layer-1 network Solana in 2024, Matt Hougan, Bitwise’s head of research, told Cointelegraph.

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Since November, ETH has outperformed BTC in crypto spot and derivatives markets, according to a December report by Bybit, a crypto exchange. Meanwhile, BTC ETFs saw the biggest net outflows ever on Dec. 19.

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Net inflows into ETH ETFs are “currently on pace w/ gold [ETFs], but I expect inflows to accelerate from here,” Nate Geraci, president of The ETF Store, said in a Dec. 20 post on the X platform.

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Analysts expect this uptrend to continue into 2025, especially if strong spot ETH price performance enhances ETF returns and regulators allow the funds to generate yields from staking.

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As of Dec. 16, Ether ETFs have seen seven straight weeks of net inflows, including a record-breaking $2.2 billion in the week of Nov. 26, according to data from CoinShares.

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Meanwhile, Nigeria’s Securities and Exchange Commission (SEC) also tightened its regulations for marketing and promoting crypto products. The SEC said that virtual asset service providers and social influencers must get permission from the agency before publishing any crypto ads.

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On Dec. 16, the FCA warned against a Solana-based memecoin and NFT project called “Retardio.” The regulator cited concerns over unauthorized promotions targeting UK customers. The regulator said that because the firm is not registered, consumers engaging with the project might not get their money back if the company goes out of business.

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