📈Investors Plowed $2.1B into Ethereum ETFs in December
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✍️ In today’s newsletter:
- Grayscale and Galaxy 2025 predictions
- DEXs do record monthly volume in December
- Michael Saylor closes out 2024 buying the BTC top
- Solana LST Jito had record revenue in Q4, beating Lido
- HYPE staking is now live
- FRAX holders vote to add BUIDL as collateral
- ai16z’s token blows past $1B market cap
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🚀Ethereum ETFs Recorded Inflows of $2.1 Billion in December
Ethereum spot ETFs closed out December with record monthly inflows, attracting $2.1 billion. Since their launch in July 2024, ETH ETFs have amassed a cumulative total of $2.6 billion in inflows and total net assets of $12.1 billion.
🤖AI Token Infrastructure Outperforms Agents and Memecoins
The AI agent market sector has undergone a shift over the last month, with liquidity moving from agent memecoins, towards infrastructure and frameworks. AI16z and Virtuals are leading the move, both of which are up over 200% in the last 30 days.
🐸Kekius Maximus Memecoin Dips 70% After Elon Musk Changes X Profile Name
Ethereum frog-based memecoin Kekius Maximus’s market cap has fallen nearly 70% in the last 24 hours following Elon Musk’s X profile name change. The memecoin’s price surged by over 3,000% to $380 million after Elon Musk changed his X profile name to Kekius Maximus on Dec. 31st and endorsed it with a series of tweets.
💶Tether's Market Cap Sheds $3 Billion as Europe’s MiCA Regulations Take Effect
Tether’s (USDT) market cap dropped by around $3 billion in the past week, coinciding with the full implementation of the European Union's Markets in Crypto-Assets (MiCA) regulations on Dec. 30.
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🐤Vitalik Buterin Calls Elon Musk’s ‘Banhammer’ a Threat to Free Speech
Ethereum co-founder Vitalik Buterin called on Elon Musk to “turn down the temperature” of his words and drop the social media “banhammer” after the Tesla and SpaceX founder’s heated defense of special visas for foreign tech workers.
🪂Drift Protocol Season 2 Airdrop Scheduled for May 2025
Drift Protocol, Solana’s ninth-largest DeFi platform by TVL, announced that its Drift airdrop season 2 will commence in May 2025. It will be the perpetuals trading platform’s second airdrop, following its token launch in May 2024, where 120 million tokens were distributed.
🎁Telegram Rolls Out Feature to Turn Digital Gifts into NFTs
Telegram plans to allow allows users to upgrade their digital gifts into non-fungible tokens (NFTs). These unique collectibles can then be traded or auctioned on NFT marketplaces
☹️Memecoins Struggle Amid AI Mania
Established memecoins like PEPE and WIF underperformed in December as attention shifted to AI agents. In the same period, VIRTUAL is up 181% to a $4.5 billion valuation, and AI16z is up 250% to a $2.5 billion valuation.
🌍 ELSEWHERE
- Ether's Record Leverage Ratio of 0.57 Is Over Double That of Bitcoin (Coindesk)
- IRS And Treasury Impose New Tax Rules For Crypto DeFi Platforms (TheStreet)
- ETF Companies Are Racing to Launch the Next ‘Hot’ Crypto Fund (Bloomberg)
🔥TRENDING
- Tether's Market Cap Sheds $3 Billion as Europe’s MiCA Regulations Take Effect
- Vitalik Buterin Calls Elon Musk’s ‘Banhammer’ a Threat to Free Speech
- AI Token Infrastructure Outperforms Agents and Memecoins
- Kekius Maximus Memecoin Dips 70% After Elon Musk Changes X Profile Name
- Ethereum ETFs Recorded Inflows of $2.1 Billion in December
- Michael Saylor Closes 2024 Still “Buying the Top”
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