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The figures reflect a recovery from 2023 when crypto firms received $10.1 billion in VC funding. However, the industry is still far behind its 2021 peak, when crypto startups secured $32.4 billion.
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Venture capital funding into blockchain-based startups reached $13.6 billion in 2024, according to data from the DeFi Report. This amount represents 4.9% of the total $279 billion in venture capital investments for the year.
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According to He, Bitcoiners could soon generate annual returns of up to 40% on their holdings.
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That appears to be the case with Bitcoin prices in the last 24 hours as the ratio treads around 2.5.
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“A prudent strategy when using this indicator is to take moderate profits once the S2F reversion ratio hits 2.5 and to secure larger profits when the ratio exceeds 3,” said CryptoQuant analyst DarkFrost.
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Conversely, when the S2F reversion ratio drops below 1, it indicates a buy signal. For instance, on Sep. 11, the metric fell below 1, which followed a sharp Bitcoin price rebound.
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Historically, when the S2F reversion ratio rises above 2.5, it has often marked levels where the market shows signs of potential short-term corrections. When the indicator breaches 3, it suggests the market is overheating, often coinciding with local tops and periods of heightened volatility.
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The Stock-to-Flow (S2F) Reversion indicator is signaling cautious profit-taking as Bitcoin's price trades near a new record high.
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“We expect this week’s FOMC to contribute to the market’s volatility,” K33 Research analysts Vetle Lunde and David Zimmerman wrote in a note, adding:
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Bitcoin’s decline is further due to an unclear Fed rate path ahead, with K33 Research analysts Vetle Lunde and David Zimmerman noting that the central bank may pause rate cuts in the coming months.
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Bitcoin’s price surged by up to 13.20% since the CPI data release on Dec. 11, with its correction now reflecting a “sell-the-news” sentiment in the market.
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The Fed will likely vote for another quarter-point rate cut on Dec. 18, especially in the wake of last week’s consumer price index, which showed inflation rising in November.
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The decline appears ahead of the United States Federal Reserve’s key interest rate decision, suggesting most Bitcoin traders are de-risking ahead of the event.
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The SEC features a board of five commissioners. At present, the list of SEC commissioners includes two Republicans — Peirce and Uyeda — and three Democrats, Caroline Crenshaw, Gary Gensler and Jaime Lizarraga.
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However, Carbone expects Atkins’ nomination to be confirmed in March, depending on how quickly the Senate Banking Committee can move through nominations for other departments and agencies.
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While Trump has nominated Atkins as the next SEC chair, it’s not yet a done deal. Congress and the Senate can vote against confirming a Presidential nomination, and that may well happen with some of Trump’s more controversial picks.
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In 2019, Atkins testified before Congress on restructuring the SEC to balance investor protection with reducing regulatory burdens on emerging industries.
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Investors likely reacted negatively to the dropping value and market activity of tokens within the Solana ecosystem, resulting in the drop in SOL price.
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Moreover, the overall market capitalization of all Solana-based tokens dropped from $361.8 billion on Dec. 9 to $342 billion on Dec. 10. The total trading volume increased by 137% in the past 24 hours, reinforcing the intensity of the sell-side activity.
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Solana’s bearishness on Dec. 10 coincides with an ongoing correction in the prices of tokens built on its network. Most are posting significant daily losses, as shown in the figure below.
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