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This will usher in a broader alternative cryptocurrency — or “altcoin” — season in 2025, with Bitcoin dominance dropping from its current levels of nearly 57% to around 45%, according to the report.
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Rose
@layagv98776
Steno’s prediction is “partly based on the argument that Donald Trump’s U.S. presidential victory is more favorable for altcoins than for Bitcoin.”
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sheelen10
@sheelen10
Trump’s presidency “encourages more robust onchain activity, which benefits altcoins such as Ethereum and Solana significantly,” Steno said.
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Birose159
@birose159
Expect the total value locked (TVL) in decentralized applications to top $300 billion in 2025, far surpassing 2021’s highs of approximately $180 billion, according to the report.
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Eleonidas950
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Grayscale cited the warming US policy environment as a key factor. Trump has promised to appoint industry-friendly leaders to key regulatory agencies and make the US “the world’s crypto capital.”
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Dazen459
@dazeng459
“In the US, with Trump’s victory, I am aggressively bullish on the US becoming a global leader in the space by the end of the year,” Raj Brahmbhatt, CEO of Web3 settlement company Zeebu, told Cointelegraph in December.
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Louseimin
@louseimin
Less than a month before a new United States presidential administration and Congress are set to be sworn into office, many figures in the digital asset industry are speculating the change in leadership could lead to more favorable regulations and laws.
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oplsickness
@oplsickness
For some executives, any change in policy from the US government could be apparent through actions from the Securities and Exchange Commission. Under SEC Chair Gary Genser and his predecessor Jay Clayton, the commission filed several enforcement actions against US crypto firms over allegations of unregistered securities offerings, including against Ripple and Coinbase.
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heryyelous
@heryyelous
In a Dec. 31 X post, Ripple chief legal officer Stuart Alderoty said he hoped the SEC would affirm what he considered to be “principles” in regard to regulating digital assets, including that “a token is never a security, although it can be the subject of a security transaction.”
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heryyelous
@heryyelous
Ripple is currently appealing an August 2024 judgment in its case against the SEC, which found the firm liable for $125 million.
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heryyelous
@heryyelous
Ripple is currently appealing an August 2024 judgment in its case against the SEC, which found the firm liable for $125 million.
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10 recasts
21 reactions
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heryyelous
@heryyelous
In a Dec. 31 X post, Ripple chief legal officer Stuart Alderoty said he hoped the SEC would affirm what he considered to be “principles” in regard to regulating digital assets, including that “a token is never a security, although it can be the subject of a security transaction.”
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Birose159
@birose159
Hut 8, one of North America’s largest Bitcoin miners, has announced a $100 million purchase of Bitcoin, increasing its holdings to over $1 billion.
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Dazen459
@dazeng459
Hut 8 CEO Asher Genoot said that the company’s strategic BTC reserve is a “key component” of its treasury strategy and aligns with its capital and operating strategies.
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Louseimin
@louseimin
Debate whether Bitcoin’s 21 million supply cap is truly fixed or not has resurfaced after BlackRock posted a three-minute Bitcoin explainer video, which added a disclaimer that there’s no guarantee it won’t be changed.
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stephenyun62
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A lawmaker in South Korea could face six months in prison for allegedly refusing to report $4 million in crypto sales.
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Dazen459
@dazeng459
“As we scale operations and extend our cost advantage in Bitcoin production, we anticipate that the flywheel effect will enable us to grow our holdings organically at a significant discount to market prices,” the Hut 8 CEO said.
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Louseimin
@louseimin
In the Dec. 17 video, BlackRock explained that Bitcoin has a fixed supply of 21 million, adding that the “hard-coded rule controls supply, purchasing power and helps avoid the potential misuse of printing more and more currency.”
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According to local media reports, prosecutors are seeking a six-month prison sentence for National Assembly member Kim Nam-kuk, who allegedly reported 1.2 billion Korean won worth of digital assets in 2021, despite owning 9.9 billion worth of crypto. He is also alleged to have concealed roughly 990 million won worth of digital assets in 2022.
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South Korea has faced political turmoil in recent weeks, with President Yoon Suk Yeol declaring martial law on Dec. 3. The declaration sent Bitcoin’s price crashing on local exchanges.
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