📉Bitcoin Plunges Under $93,000

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Crypto markets plummeted overnight, with Bitcoin briefly trading under $93,000 while ETH and SOL crashed 15% and 10%, respectively.

✍️ In today’s newsletter:

Bitcoin drops for a third day on Fed concerns
Solana ecosystem revenue hits ATH in November
Crypto ETF inflows slow down after record month
Hackers stole $2.2B in 2024: Chainalysis
Metamask pilots U.S. debit card
Bitfinex predicts Bitcoin will hit $200,000 next year
Trump’s World Liberty Financial dumps cbBTC for WBTC
Hoskinson wants to relocate Cardano Foundation from Switzerland
Binance USA aims to restore USD services

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💥Crypto Market Struggles after Fed's Cautious Outlook and Rate Cut Remarks

Bitcoin and major altcoins plunged for a third day after the Federal Reserve signaled no plans to hold digital assets and adopted a cautious stance on future rate cuts. Bitcoin dropped 7% in the past 24 hours. ETH declined 10%, XRP dipped 8.4%, and Solana decreased by 10%.

📈Solana Ecosystem’s Monthly Revenue Hits All-time High

In November, Solana hit a new all-time high of $92 million in monthly revenue. Its dApps also followed suit, generating an all-time high of $365 million in monthly revenue.

📊Cryptocurrency ETF Inflows Slow after Month of Record Highs

Bitcoin and Ethereum spot exchange-traded funds (ETFs) experienced a lull on Dec. 18 as crypto markets digested the Federal Reserve’s latest policy moves, with just two interest rate cuts projected for 2025.

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🦹Hackers Stole $2.2B in 2024, Largely Through Private Key Compromises

Hackers stole $2.2 billion in 2024, targeting centralized exchanges and exploiting private key vulnerabilities most successfully. The North Korean hackers responsible for many of crypto’s largest exploits took in a record $1.34 billion this year, double the $660 million attributed to them in 2023.

💳MetaMask Announces U.S Debit Card Pilot Program

Ethereum-based crypto wallet MetaMask has launched a pilot program in the U.S. for its MetaMask card, a crypto debit card for online and real-life payments. It currently supports three currencies: USDT, USDC and wETH.

🚀Bitfinex Analysts Say Bitcoin Will Rally to as High as $200,000 in 2025

Bitfinex analysts predict that BTC prices will climb as high as $200,000 by mid-2025. Another prediction in the report is that Bitcoin price corrections would be mild due to institutional inflows.