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CleanSpark Successfully Mines $68 Million in Bitcoin in December

CleanSpark Inc, a Bitcoin (BTC) mining company, successfully mined 668 BTC worth $68 million in December 2024. In its latest report, the company sold 12.65 BTC worth $1.2 million at an average price of $101,246 per coin, with reserves of 9,952 BTC.

Interestingly, CleanSpark has mined 7,024 BTC in 2024, reflecting a tremendous increase in efficiency and computing power. Their hashrate increased to 39.1 exahashes per second (EH/s), and energy consumption decreased to 17.59 joules per terahash.

The company also recorded a hashrate growth of 287.9% compared to the previous year. With the opening of new mining facilities in Mississippi, Tennessee, and Wyoming, CleanSpark is showing its commitment to expanding operations and increasing its market position in the Bitcoin mining industry.

Not only that, CleanSpark CEO Zach Bradford is optimistic for the future, that the mining company will reach its hashrate target of 50 EH/s by mid-2025.

Additional information, when compared to other mining companies such as MARA and Riot Platforms have mined 9,457 BTC and 4,828 BTC in 2024, with a total of 44,893 BTC and 17,722 BTC respectively.

Justin Sun Officially Becomes Prime Minister of Liberland

Liberland President Vít Jedlička officially appointed Tron (TRX) founder Justin Sun along with former Grenada ambassador to serve as Prime Minister, Friday (03/01). This announcement came after the first congressional election conducted with a blockchain-based voting system.

Justin Sun has a vision that wants to eliminate taxes and advance Liberland's economy entirely using blockchain. According to him, Liberland is a manifestation of a political philosophy that upholds democracy.

"Liberland is not just a country; it is a manifestation of a political philosophy that upholds freedom, minimal government intervention, and individual autonomy," said Justin.

Meanwhile, Liberland has adopted blockchain as the backbone of its government. Because, 99% of its national reserves are stored in the form of Bitcoin (BTC). So Justin's appointment is the right thing for his country.

@everyone

Santa Claus Rally Hopes for Crypto-Stocks Fade

The Santa Claus Rally, a tradition of rising US stocks ahead of Christmas, does not seem to have fully occurred this year. It is recorded that this has only happened 59 times or 80% of the 74 meetings before the end of the year since 1950.

Although the Nasdaq Composite and Bitcoin (BTC) prices rose on Christmas Eve and Christmas Day, the decline in the second half of this week has the potential to disrupt momentum. It is known that Bitcoin has decreased by 1.38%, while the Nasdaq is 1.49% in 24 hours.

In addition, the correlation between Bitcoin and technology stocks such as the Nasdaq is increasing, making movements in one market affect the other.

Interestingly, several other crypto assets have increased, namely Binance (BNB) by 11.5%, Toncoin (TON) 11%, and Solana (SOL) 8%. This shows that the performance of these assets is increasing.

On the other hand, the current market conditions are caused by a variety of factors, including high valuations before the holidays and selling by Bitcoin miners due to rising energy prices throughout the year.

-# source image: NZ Herald

Robert Kiyosaki Predicts Bitcoin Will Reach US$350 Thousand in 2025

The author of the book entitled "Rich Dad Poor Dad" Robert Kiyoaski predicts that the price of Bitcoin (BTC) will reach a value of US$350 thousand per token in 2025. He is optimistic that the asset can reach a new high.

This is due to the strength of Bitcoin and its community that continues to buy this asset along with the increase in price. In addition, the effect of the election of US President Donald Trump has made many institutions and countries adopt Bitcoin.

Meanwhile, he also has Bitcoin stored in his wallet, but it is not known how much he has.

On the other hand, many public companies are increasingly adopting Bitcoin in their treasuries. One of them is MicroStrategy which started the adoption. This company already has 444,262 BTC worth US$15.9 billion.

Image Source: YouTube

South Korean Investors Trust Bitcoin as a Savior After Martial Law

South Korean investors flocked to buy Bitcoin (BTC) considering Bitcoin as a financial savior, after the chaos of the martial law declaration by South Korean President Yoon Suk Yeol.

The investors' move has had an impact on the increase in the price of Bitcoin in South Korea or known as Bitcoin's Kimchi Premium which has soared by 3-5%. This shows the increasing demand in the face of political chaos and economic difficulties.

Meanwhile, according to CryptoQuant CEO Ki Young Ju, economic problems are driving the flow of investor wealth to deal with inflation by exchanging it for various assets, namely US dollars, Bitcoin, and gold.

"Fear of inflation makes people exchange their won for US dollars, Bitcoin, and gold," he said.

For information, local South Korean crypto platforms often record higher trading volumes than stocks.

Leading US Investor: MicroStrategy Is Too Aggressive in Buying Bitcoin

Leading US investor Jason Calacanis highlighted the move by MicroStrategy (MSTR), the world's largest Bitcoin (BTC) holding institution, which continues to purchase the digital currency in large amounts. Especially after MicroStrategy founder Michael Saylor said MSTR's ultimate goal is to have US$10 trillion worth of Bitcoin.

In contrast to Saylor, Calacanis said MicroStrategy's massive purchase action has had a negative effect on Bitcoin, making it less attractive in the future and destroying the Bitcoin game.

In addition, MicroStrategy's aggressive purchases should not be imitated by other institutions, because it could have a domino effect and cause many other investors to switch to other alternatives.

Additional information, according to the latest data, MicroStrategy currently owns US$43.4 million in Bitcoin and is the world's largest holder of the digital currency.

In fact, MicroStrategy has recently submitted a proposal to add Bitcoin through company shares and will soon hold a special shareholders' meeting.

#BtcNewHolder

FUD Shadows Crypto After Bitcoin Drops 7% in a Week

Bitcoin (BTC), the world's largest cryptocurrency, is experiencing fluctuating price movements after once soaring above US$107,000. In fact, the correction in the past week has been quite far, almost 7% according to the Coinmarketcap report.

Responding to this, Santiment, a crypto analysis platform, said that this wave of Bitcoin ups and downs could trigger fear and uncertainty for many holders of the digital currency or commonly called Fear, Uncertainty, and Doubt (FUD).

However, the decline of up to 7% had decreased and improved, until today, Bitcoin has still failed to recover and continues to struggle to stay above US$95,000.

Although it looks quite high risk, Bitcoin is still a digital currency that is widely recognized throughout the world. In fact, several world figures call Bitcoin digital gold.

Crypto analyst Ali Martinez says Bitcoin is not in a good position right now, but he says a key support zone for Bitcoin could push the digital asset up once again.

Image source: Reuters

Louis Vuitton-Balenciaga Trials Crypto Payments

The parent company of famous fashion company Louis Vuitton (LVMH) has started a trial to accept payments using cryptocurrency. However, this payment is only valid in several stores and brands.

The same thing is also done by other luxury goods manufacturers such as Balenciaga to Gucci. Although it has not been done comprehensively, this is quite good news considering that crypto is increasingly used outside the financial industry, one of which is fashion.

Meanwhile, some time ago Printemps, a French luxury goods store, announced that it had partnered with the world's largest crypto exchange and Lyzi to accept cryptocurrency payments.

This indicates the impact of the re-election of US President Donald Trump who promised regulation of crypto. This is seen as a positive step considering that crypto is increasingly accepted in various industries as a legitimate payment option.
#btcupdates

Michael Saylor has expressed his willingness to serve on US President-elect Donald Trump’s crypto advisory board. The MicroStrategy CEO has also met with several officials who will fill seats in the incoming administration, but he declined to provide details.

“I’m always willing to provide constructive digital asset policy thinking, both privately and publicly. And if I were asked to serve on a digital asset advisory board, I probably would,” Saylor told Bloomberg on Wednesday (12/18) local time.

He made the statement as MicroStrategy prepares to join the Nasdaq-100 along with Palantir Technologies and Axon Enterprise, which will take effect on December 23.

#ETF✅ BlackRock Ethereum Exceeds 1 Million ETH Ownership

iShares Ethereum Trust ETF (ETHA), a spot-based Ethereum ETF launched by BlackRock, has now surpassed one million #Ethereum✅ (ETH) token ownership. Based on data from BlackRock's official website, ETHA now manages 1.025 million ETH with a market value of more than US$4 billion or equivalent to Rp64.3 trillion.

This happened after a significant inflow of investment in recent weeks, as reported by CoinGlass. Thus, the volume of ETH owned by the BlackRock ETF shows the increasing confidence of institutional investors in Ethereum.

According to Juan Leon, Senior Investment Strategist at Bitwise Asset Management, Ethereum has the potential to experience a major revival in 2025. He said that in the last 10 days, the spot-based Ethereum ETF has attracted US$2 billion in inflows, far exceeding the US$250 million over the previous four months.

Leon believes that Ethereum's role in real asset tokenization could generate more than US$100 billion in annual revenue and is supported by supportive regulations, especially from the Securities and Exchange Commission (SEC), the US financial services authority.

For information, this ETF is designed to follow the price movement of Ethereum, to provide investors with the opportunity to own crypto assets without having to manage their own digital wallets.

104 Whale Wallets Have 100 Thousand Ethereum, the Highest Achievement

A total of 104 whale wallets hold more than 100,000 #Ethereum(ETH) , the highest achievement level, because the wallet covers 57% of all Ethereum supplies.

In detail, each wallet has US$333 billion which holds a range of 10,000 to 100,000 Ethereum. Previously, wallets that had 100 ETH held 9.19% of the ETH supply.

This has triggered sentiment towards the Ethereum market. Moreover, according to Santiment, a cryptocurrency analytics platform, this news indicates a long-term bullish signal to reach its highest price.

"This is a long-term bullish signal when the main stakeholders of the most prominent coin continue to accumulate its assets (Ethereum), especially since it is 9 years old," said Santiment.

Ripple Officially Launches RLUSD Stablecoin

Ripple, officially launched Ripple USD (RLUSD), its newest stablecoin, following the receipt of regulatory approval from the New York State Department of Financial Services (NYDFS), Tuesday (12/17).

For information, RLUSD is designed as a conventional stablecoin that is fully backed by US dollar reserves, including US Treasury securities, and bank deposits. This aims to ensure stability in the market.

Ripple CEO Brad Garlinghouse, expressed optimism about the potential of RLUSD to revolutionize the way stablecoins are used in financial transactions. In fact, he emphasized that utility and compliance are key differentiators in the market in the coming years.

Reportedly, Ripple has formed an advisory board consisting of renowned figures such as Former Governor of the Central Bank of India Raghuram Rajan and Former COO of the Federal Reserve Bank of Boston Kenneth Montgomery, so that it can strengthen Ripple's efforts in stablecoins.

With the launch of the RLUSD stablecoin, Ripple takes a significant step in the evolution of digital currencies in the global payment system.

#XRPnews #btcupdates

Donald Trump attends dinner at Blockchain Association Annual Policy Summit, voicing support for developing blockchain industry to prevent business from moving to countries like China.
#TrumpCryptoSupport #btcupdates

Following MicroStrategy, Semler Scientific Acquires 211 Bitcoins at a Price Above US$100,000

Semler Scientific (SMLR), a US health technology company, has followed in the footsteps of MicroStrategy (MSTR), a business intelligence company founded by Michael Saylor, by purchasing 211 Bitcoins (BTC) worth US$21.5 million at an average price of US$101,890 per coin, Monday (12/16).

This purchase increases the total number of BTC owned by Semler Scientific to 2,084 pieces with a total acquisition value of US$168.6 million. This move has resulted in a BTC return of 67% this quarter and 92.8% since Semler implemented a financial strategy using Bitcoin last May.

Previously, MicroStrategy had also kept Michael Saylor's word by purchasing 15,350 BTC at a higher price, which was around US$100,000 per piece.

Therefore, it is certain that the surge in Bitcoin prices has not made Semler Scientific or MicroStrategy stop their vision of making Bitcoin the company's main strategic asset. #BTC_MARKET_UPDATE

Southeast Asian Countries Race to Become AI Leaders

Developing countries in Southeast Asia are reportedly racing to become leading artificial intelligence (AI) centers. Network Media Consulting CEO Grace Yuehan Wang also stated that this competition is partly aimed at attracting foreign investors to their countries.

To that end, the ten countries of The Association of Southeast Asian Nations (ASEAN), Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam have issued national AI strategies.

Access Partnership consultant Jun Le Koay stated that the AI ​​trend presents an opportunity for Southeast Asia to take advantage of existing infrastructure.

He believes that ASEAN countries have made significant progress in increasing internet access over the past decade which has created a digital native population that is ready to adopt and innovate with the technology.

Newly elected House Financial Services Committee Chairman French Hill said his top priority in the next 100 days will be building a regulatory framework for digital assets and focusing on stablecoins.

Hill has worked to pass crypto bills, including one to regulate stablecoins and another focused on market structure. He has also criticized Securities and Exchange Commission Chairman Gary Gensler’s approach to crypto in the past.
#btcupdates

Electric Capital released a report on developer activity, showing that Ethereum remains the largest developer ecosystem, with more than half of the activity occurring on Layer 2.

Asia is the region with the largest number of developers, with India accounting for 17% of new developers.

However, Solana emerged as the leader in 2024, in terms of new developers, surpassing Ethereum for the first time since 2016. 7,625 of the 39,148 new developers chose Solana, representing an 83% year-over-year increase.
#EthereumUpdate #solananews

Ukraine is expected to legalize cryptocurrencies in the first quarter of 2025. However, tax benefits for crypto assets are unlikely to be introduced.

According to Daniil Hetmancev, head of the Ukrainian Parliament’s tax committee, the working group is finalizing the draft law for the first reading, and the law will be adopted in cooperation with the National Bank and the IMF, without tax exemptions for crypto, as it will be taxed like securities.

Meta's Mark Zuckerberg donated $1 million to Donald Trump's inaugural campaign.

Ethereum* buying volume hits its lowest level ever recorded. The Ethereum price drop is due to the high buy-sell volume that is now at a record low of -400 million, indicating aggressive selling.

A similar pattern occurred before Ethereum's peak in May 2021.

*A total of #ETH has been purchased by users who accepted offers from sellers on crypto exchanges.