📈Markets Bounce Amid Cooling U.S. Inflation

GM Defiers!

✍️ In today’s newsletter:

Crypto markets bounce after reports show U.S. inflation easing
Soneium catches flak for freezing memecoins
MicroStrategy buys another $243M of Bitcoin
Bitcoin ETFs turn one
Morpho TVL soars 150%
DeFi dominated 2024 Web3 activity: DappRadar
Bitwise CEO says hundreds of companies will emulate MicroStrategy
eGirl Capital projects bullish 2025
Semler Scientific buys more Bitcoin
2024 was a record year for crypto crime: Chainalysis
TON blockchain plots U.S. expansion

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📈 Markets in the last 24 hrs:

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📈Crypto Markets Bounce as Data Shows Cooling U.S. Wholesale Inflation

The cryptocurrency market is rebounding following recent sharp losses, buoyed by the latest Producer Price Index (PPI) report. The rally follows a week of losses that began last Tuesday, triggered by strong macroeconomic data that dashed investors’ hopes for imminent rate cuts.

😧Sony Layer 2 Soneium Fields User Uproar Over Frozen Memecoins

Within hours of the launch, users started to complain that they were unable to trade tokens such as Aibo and Toro. Sony’s Layer 2 has labeled the memecoins “forbidden,” rendering them untradeable, citing intellectual property concerns.

💰MicroStrategy Boosts Bitcoin Holdings by Another $243 Million

Saylor’s software company has acquired an additional 2,530 BTC, pushing its reserves above $43 billion.

🎂Spot Bitcoin ETFs Celebrate One Year Anniversary After Record Year

By the end of 2024, Bitcoin ETFs reached a total of $105.4 billion in net assets. Leading the inflows were BlackRock’s IBIT, Fidelity’s FBTC, and Grayscale’s GBTC funds, which currently hold $52 billion, $19.32 billion, and $19.19 billion, respectively.

🚀Morpho TVL Up 150% Since its Token Launch

Morpho Protocol, the third-biggest DeFi lending protocol by assets, is at a new all-time high total value locked (TVL) of $3.65 billion, a 150% increase since its token launch.

💪DeFi Dominated in 2024, DappRadar Report Shows

In its 2024 Industry Report, DappRadar found that DeFi was the most dominant category by activity, growing by 532% to a year-end tally of seven million active wallets and 32% market dominance. Total value locked (TVL) increased 211% to $214 billion.

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TheStandard Protocol has introduced a DeFi lending platform enabling zero-interest borrowing with yield-generating collateral, addressing key inefficiencies in traditional lending. Users can borrow without interest, retain full control of their assets, and earn returns through automated liquidity management. Supporting diverse collateral types like ETH and WBTC, the platform offers flexibility and portfolio management without closing loan positions. The V4 upgrade features liquidity pools in Uniswap V3, balancing stable and volatile assets for optimized yields. Smart Vaults, represented as NFTs, create a secondary market for lending positions. Governance is driven by TST tokens, offering revenue sharing and future governance via stTST tokens. With expansion plans for additional stablecoins and collateral, TheStandard aims to revolutionize global decentralized lending.

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🏦Bitwise CIO Says MicroStrategy’s BTC Holding is an Overlooked Megatrend

Matt Hougan said MicroStrategy’s Bitcoin Strategy is an overlooked megatrend and predicted that hundreds of companies will adopt Bitcoin as a reserve asset over the next year and a half, boosting the Bitcoin market.

🤑Semler Scientific Adds 237 BTC as Corporate Bitcoin Investments Ramp Up

The latest $23M purchase makes Semler the twelfth largest public corporate BTC holder.

🥳eGirl Capital Projects Bullish 2025

eGirl Capital, a crypto-native fund that launched in 2020, released its annual predictions from its investors, analysts, and interns, and nearly all of the contributors are calling for a bullish 2025.

🦹Chainalysis Says a Record $51B Crypto Was Spent in Illicit Activities in 2024

“We’re certainly on pace, I think, for a potentially record-setting year that's going to be north of $50 billion in total illicit transaction volume on chain,” Eric Jardine, cybercrimes research lead for Chainalysis, told The Defiant.

⛓️TON Blockchain Targets U.S. Growth Under Trump Administration

The TON blockchain is planning to move aggressively into the U.S., citing the election of crypto-friendly Donald Trump. The Layer 1 blockchain is closely associated with the Telegram messaging service, where it allows the 950 million users to use services like making in-app payments and accessing games.

🌍 ELSEWHERE

Trump's new SEC leadership poised to kick start crypto overhaul, sources say (Reuters)
Germany's Boerse Stuttgart Says Crypto Accounts for 25% of Its Revenue as Trading Volume Triples (Coindesk)
Bitcoin Approaches $100,000 Again Amid Risk Rally Renewal (Bloomberg)