Coin overview
BB
Ended--
Last price (USDT)
55.28K
24h total (USDT)
448.93K
Total vol (USDT)
2024-04-25 08:00:00 ~ 2024-05-13 09:30:00
Trading time (UTC+0)
2024-05-13 12:00:00
Delivery time (UTC+0)
Total supply2.10B
Resources
Introduction
BounceBit is the first-ever native BTC Restaking chain. The BounceBit network is secured by staking both Bitcoin and BounceBit tokens. BounceBit's PoS mechanism introduces a unique dual-token staking system by leveraging native BTC security with full EVM compatibility.
Deep Moment, Coin Soaring
Original Article Title: "The Deep Moment, Riding the Wave of Coin Stocks" Original Article Author: Bread, BB Research Investment Highlights · Amid the Bitcoin investment frenzy, the development of the coin stock industry is gaining attention. This article will address two main questions: 1) What is the competitive landscape of the Bitcoin asset management industry, and will the future involve concentration or differentiated competition? 2) How can coin stock industry public companies become a significant force in the financial sector, and what are the challenges of active asset management? Note: The discussion focuses on coin stock public companies as a mainstream player in the industry. · Envisioning the Competitive Landscape of the Bitcoin Asset Management Industry: Competition in Quantity and Scenarios The global Bitcoin asset management industry competition will be characterized by differentiation but with high concentration. Leading companies maintain an advantage, while emerging companies also participate in the competition with unique strengths. The main reasons are: 1) Why is the concentration high? The asset management industry requires substantial capital and a professional team, but the usage cost is low and declining rapidly, leading to large companies leveraging funding and resource advantages to lead, while small and medium-sized companies find it challenging to participate. 2) How is differentiated competition achieved? Competition among Bitcoin public companies is divided into three dimensions: quantity, scenarios, and functions. The giants are similar in scenarios and functions but differ in quantity. Key to quantity competition is speed and scenarios. Companies that rapidly accumulate Bitcoin can optimize models, and those with strategies supported by suitable scenarios are stronger. Early mover advantage is also crucial as early-stage companies can gain more experience and resources. · Envisioning the Development Space of the Coin Stock Industry: The Future Transformation of the Coin Stock Industry Bitcoin investment brings development opportunities and transformation to public companies. Its low correlation helps in risk diversification and portfolio optimization. Additionally, Bitcoin facilitates companies in exploring new technologies and business models. It is projected that in the next three years, globally, over 200 companies will hold more than 1000 Bitcoin each. By 2025, a coin stock ETF index will be launched, coin stock investments will become mainstream, injecting new vitality into the industry. · Investment Recommendation We believe that Bitcoin investment is poised to bring new growth drivers to public companies, the coin stock industry has enormous development potential, and we closely monitor the disruptive opportunities brought by the combination of the coin stock industry and Bitcoin investment. 1) Industry Pioneer Opportunity: Aggressive investors may focus on companies like MicroStrategy. During Bitcoin market corrections, consider buying the dip, sharing its growth potential; at the same time, pay attention to emerging technology and financial companies' Bitcoin strategies to capture early opportunities, but be sure to set stop-loss orders to mitigate risks. 2) Established Company Opportunity: Conservative investors should consider companies like Tesla with significant Bitcoin holdings. When the market trend is clear and policies are stable, combine technical and fundamental research, participate moderately in Bitcoin when the price is reasonable, focus on long-term holding, leverage company management and diversified business to cushion against price volatility, achieve asset appreciation; at the same time, allocate to traditional safe-haven assets such as gold, high-quality bonds, etc., to optimize the investment portfolio. 3) Indirect Investment Opportunity: Risk-averse investors may focus on Bitcoin-related financial products, such as compliant Bitcoin ETFs. When the market sentiment is positive, there is capital inflow, and technical indicators are favorable, consider making small exploratory investments, control the investment exposure, ensure the safety of the principal, and share the industry's growth dividends. · Risk Warning 1) Bitcoin Price Volatility: Bitcoin's price is highly volatile, as seen in the significant fluctuations in 2017-2018 and 2021-2022, leading to fluctuations in the asset value held by listed companies, impacting financial statements and market value management, denting investor confidence, and making investment returns uncertain. 2) Regulatory Policy Risk: Global attitudes towards cryptocurrency regulation vary and change dynamically, with some U.S. states endorsing it but federal oversight being strict, China banning related activities, and the EU continuously enhancing regulatory frameworks. Tightening regulations may lead to the devaluation and sale of listed companies' Bitcoin assets, business disruptions, affecting normal operations and investment value. 3) Market Acceptance and Application Risk: Bitcoin, as a payment method, faces challenges such as long transaction confirmation times and significant price fluctuations, with cross-border transactions subject to policy and regulatory constraints. This limits Bitcoin's application in listed company operations and market penetration, hindering the full realization of its market value and potentially impacting the industry's development process. 1 Industry Overview 1.1 Bitcoin Development History Review Bitcoin was born in the context of the 2008 global financial crisis, proposed by Satoshi Nakamoto, and the genesis block was mined on January 3, 2009, marking its formal launch. Initially, Bitcoin circulated only among cryptography geeks and technology enthusiasts, with almost no value. In May 2010, American programmer Laszlo Hanyecz used 10,000 Bitcoins to purchase two pizzas, marking the first commercial transaction with Bitcoin, with the price of Bitcoin at the time being around $0.003. Subsequently, with the rise of Bitcoin exchanges such as Mt. Gox, its price was gradually determined by the market. In 2013, the price of Bitcoin once surpassed $1,000, attracting global attention; in December 2017, it skyrocketed to nearly $20,000, reaching a historical high, drawing the focus of many investors and the media. Although it later experienced significant pullbacks and periods of volatility, Bitcoin's market value and influence continued to rise, gradually entering mainstream investment perspectives, becoming an undeniable force in the financial field, prompting more listed companies to consider its strategic significance and potential value. The development of Bitcoin has been marked by many key milestones and important events, which have deeply influenced its price trends and market perception. The years 2009 to 2010 were the nascent stage of Bitcoin, with the creation of the genesis block marking the beginning of a new era of decentralized cryptocurrency. At this point, transactions were very niche, with no clear market price. Bitcoin was mainly circulating among tech enthusiasts in small amounts for testing and experimentation, serving more as a proof of concept. The years 2011 to 2013 saw an early growth period with price volatility. Bitcoin's price surpassed key psychological levels such as $1, $10, and $100 for the first time, attracting tech innovators and early investors. Platforms like Mt. Gox emerged to facilitate price discovery and market trading. In 2013, the Cyprus financial crisis led European citizens to seek refuge in Bitcoin, propelling the price above $1,000 and gaining mainstream media attention. The years 2014 to 2016 were characterized by a bear market correction. The Mt. Gox hack, where 850,000 bitcoins were stolen, severely damaged market confidence. Bitcoin's price experienced a significant retreat from its highs, regulatory uncertainty increased, and several countries strengthened their regulatory stance, even moving to ban Bitcoin trading. Market trading activity decreased, investor sentiment turned cautious, and the mining industry faced restructuring due to low prices and rising mining difficulty, leading to a reshaping of the mining landscape. The years 2017 to 2018 saw another period of intense bull market followed by a deep correction. The Initial Coin Offering (ICO) frenzy emerged, attracting substantial funds into the crypto market. Bitcoin, as the "digital gold" benchmark, saw its price surge from around $1,000 at the beginning of the year to nearly $20,000. However, by the end of the year, as the ICO bubble burst and various countries enforced strict regulations, the price collapsed, plummeting back to the $3,000 to $4,000 range within a few months. Many investors suffered losses, and market panic spread. The years 2019 to 2021 ushered in a phase of recovery and new prosperity. After stabilizing in the $3,000 to $10,000 range, Bitcoin embarked on a new uptrend, with institutional investors entering the space rapidly. Entities like the Grayscale Bitcoin Trust continued to accumulate, and publicly traded companies like MicroStrategy made significant Bitcoin allocations. Bitcoin's status as a new alternative asset strengthened, and in April 2021, the price of Bitcoin surpassed $60,000, driving market enthusiasm. The ecosystem expanded rapidly with applications in payments, lending, derivatives, and more. From 2022 to 2024, Bitcoin has experienced a period of volatility and consolidation. Following the bursting of the previous bull market bubble, prices plummeted significantly due to factors such as Federal Reserve interest rate hikes, global macroeconomic recession concerns, and dipped below $16,000. However, with shifts in macroeconomic policies, clearer industry regulations, and advancements in technology such as the anticipated approval of a Bitcoin spot ETF and scaling solutions like the Lightning Network, prices gradually stabilized and began to rise. In 2024, Bitcoin broke through the $100,000 mark after fluctuating between $30,000 and $70,000 throughout the year. The price of Bitcoin in 2024 surged by 120.88% for the year, breaking through the $80,000, $90,000, and $100,000 milestones within a month after Trump's re-election. Subsequently, after hitting a peak of $109,000, the price gradually declined and currently hovers around $105,000. Market participants are becoming more rational, and the industry is moving towards compliance and diversification. Figure 1 Overview of Trump Bitcoin Conference Commitment and Redemption Status Source: PA News Table 1: Comparison of Bitcoin New Year's Day Prices in the Last Ten Years Source: OpenAI Official Website, BB Research As shown in Table 1, on January 1, 2025, the price reached $93,500, which is approximately 297 times the price on January 1, 2015. Figure 2 Trend Chart Source: BB Research From a price perspective, in the early days, Bitcoin, due to its few participants and shallow market depth, was highly susceptible to minor supply and demand changes and technical community dynamics, leading to intense and unpredictable price fluctuations; in its growth stage, driven by a mix of macroeconomic events, regulatory policies, and technological innovation iterations, it exhibited cyclical significant price swings, with rapid and remarkable increases in bull markets and sharp pullbacks in bear markets; in recent years, with a maturing market and institutional participation, although still volatile, the price trend has increasingly been dictated by macroeconomic fundamentals, monetary policies, industry supply and demand, showing enhanced correlation with traditional financial markets. However, the unique halving mechanism continues to introduce a special variable to its price cycles, as the halving event every four years reduces new Bitcoin supply, providing momentum for price increases from a fundamental supply-demand perspective, stimulating periodic market expectations and investment enthusiasm. Recently, several key figures in the U.S. political and business sectors have expressed their respective stances on Bitcoin, influencing market trends and investor sentiment. After Trump was re-elected as U.S. President in November 2024, he pledged to make the U.S. the "Global Cryptocurrency Capital" and considered incorporating Bitcoin into the national reserves. Upon his inauguration on January 21, 2025, Bitcoin surged past $109,000, reaching a historic high. The "Trump meme coin" saw its market value exceed $20 billion in a single day. Musk has always been a strong supporter of cryptocurrencies and endorses Trump's cryptocurrency-friendly policies, believing they will foster technological innovation and economic growth. Federal Reserve Chair Powell recently made it clear at a press conference that the Fed has no intention of holding Bitcoin and emphasized that under the Federal Reserve Act, the Fed is prohibited from holding such assets. He also stated that the Fed will not seek to change this law, with Powell's position on monetary policy seen as having an indirect impact on the Bitcoin market. Gold is a mature reserve asset with a long history and price stability, but it has physical limitations. Bitcoin is an emerging store of value tool with scarcity, convenience, and technological potential, but it has high volatility and uncertainty. In the future, Bitcoin and gold may coexist: gold will continue to serve as a traditional reserve asset, while Bitcoin will find its place in the digital economy and with young investors. The specific choice will depend on investors' balance of needs for stability and growth potential. If more central banks and institutions around the world start adopting Bitcoin, its status as a reserve asset may see a significant increase in the next decade. 1.2 Background of Public Companies Entering the Bitcoin Space From a macroeconomic perspective, global economic growth volatility, traditional monetary policy fluctuations, and inflation concerns are the main reasons. For example, after the 2008 financial crisis, the long-term quantitative easing in Europe and the United States led to currency overissuance, raising doubts about the store of value function of fiat currency. Due to characteristics such as a fixed total supply of 21 million coins and decentralization, Bitcoin has been seen by some public companies as a new option for hedging against inflation and asset preservation. Companies like MicroStrategy have openly stated that they bought Bitcoin to hedge against the depreciation of the U.S. dollar. From a financial market perspective, on the one hand, traditional investment fields such as the stock market and the bond market have experienced large return volatility in recent years. In a low-interest-rate environment, bond yields are meager, and the stock market is prone to frequent and significant fluctuations due to trade frictions, geopolitical issues, and other impacts. On the other hand, there is an urgent need for portfolio diversification, and Bitcoin has a low correlation with traditional assets, allowing for effective risk diversification. According to statistics, the average correlation between Bitcoin and assets such as stocks and bonds from 2015 to 2020 was only 0.11. To pursue stable returns and optimize asset allocation, public companies have begun to explore new opportunities in the Bitcoin field. 2 In-Depth Analysis of Typical Cases 2.1 MicroStrategy: A Pioneer in Bitcoin Investment As one of the public companies holding the most Bitcoin globally, MicroStrategy embarked on its Bitcoin investment journey in August 2020. At that time, the global economy was hit by the pandemic, the traditional financial markets were in turmoil, and expectations of U.S. dollar devaluation were rising. The company invested $250 million in Bitcoin as a treasury asset, accurately capturing a key turning point in the macroeconomic environment. Since then, its hodling strategy has been consistently aggressive. For example, during periods such as September 2020 and the first quarter of 2021, it made large purchases multiple times. During this process, the company's stock price was significantly correlated with the price of Bitcoin. During the Bitcoin bull market, the expected massive gains attracted a large number of investors, driving up the stock price, which soared by over 500% in 2024. However, during a deep correction in the Bitcoin price, the stock price also experienced significant fluctuations. For instance, in 2022 when the cryptocurrency price retreated, the company's market value evaporated by billions, showcasing the high-risk, high-return nature and deeply affecting the sentiment and fund flows of investors in the crypto and traditional financial markets. 2.2 Tesla: The Boundary-Crossing Disruptor At the beginning of 2021, Tesla entered the scene with a $1.5 billion investment in Bitcoin, instantly igniting market enthusiasm. The Bitcoin price surged significantly in the short term due to this massive influx of funds, with Musk's tweets serving as a "catalyst" for price fluctuations. On one hand, investing in Bitcoin allowed the company to seek value enhancement for its idle funds, mitigating the low-interest-rate environment's funding income dilemma. On the other hand, in March of the same year, Tesla announced that it would accept Bitcoin for car purchases, attempting to bridge the gap between crypto payments and car sales. Although this initiative was later canceled due to Bitcoin's energy consumption controversy and price volatility, it successfully shaped Tesla's image as a tech pioneer and an innovator, extending the crypto frenzy to its automotive business. This move attracted the attention of the younger generation and tech enthusiasts, stimulating vehicle orders. During the peak period of Bitcoin transactions, Tesla's financial report was brightened by substantial gains. Despite a shift in strategy towards caution later on, Tesla maintained its influence in the crypto space through its remaining holdings. 2.3 Meitu: The Emerging Force Representative From March to April 2021, Meitu made three separate bold moves, investing $100 million to acquire over 940 Bitcoins and 31,000 Ethereums, making a strong entry into the crypto arena. From a business perspective, as an imaging tech company facing fierce competition in its traditional business, Meitu aimed to embrace new technological trends through crypto investments, exploring the intersection of digital content and blockchain. For example, it launched a blockchain-based creative work copyright protection application. Financially, the appreciation of crypto assets in the initial stages helped optimize its balance sheet, resulting in significant unrealized gains and a short-term increase in stock price. However, when the bear market hit in 2022, asset devaluation put pressure on its performance, leading to a sharp increase in net losses. Enduring the tough times, Meitu seized the opportunity to sell when the market rebounded in 2023-2024, realizing profits of around $79.63 million. It successfully retrieved the funds to re-focus on its core imaging business, using crypto investments as a stepping stone for transformation, accumulating experience in emerging fields, and exploring new paths for business diversification and financial stability. 3 Investment Motivation Insights 3.1 Asset Diversification Demand Within the traditional portfolio theory framework, asset diversification is key to reducing unsystematic risk. The asset allocation of public companies is heavily concentrated in areas such as stocks, bonds, and cash. For example, during the 2008 financial crisis, stock markets plummeted, and bond markets were turbulent, causing significant asset shrinkage for many companies. Due to its unique properties, Bitcoin has become the "new favorite" for risk diversification. According to Bloomberg data, the average correlation between Bitcoin and the S&P 500 index from 2010 to 2020 was only 0.08, with nearly zero correlation to bonds. Before MicroStrategy entered the scene, its asset allocation heavily relied on assets related to its commercial software business, facing risks of industry cyclicality and intense market competition. After introducing Bitcoin, the asset portfolio became diversified, with multiple income streams. During the 2021 crypto bull market, Bitcoin investment returns exceeded those from the core software business, smoothing out fluctuations in a single business. Without sacrificing too much expected return, this diversification reduced overall risk exposure, laying a solid foundation for corporate financial stability. Figure 3 Asset Allocation Chart Source: OPEN AI Official Website, BB Research 3.2 Inflation Hedge Considerations Within the global economic cycle fluctuations, inflation is the "Sword of Damocles." Especially after 2020, under the impact of the COVID-19 pandemic, countries around the world implemented quantitative easing, leading to monetary expansion and high inflation, with the U.S. CPI exceeding 9% at one point in 2022. Traditional inflation-hedging assets such as gold and real estate are constrained, with gold being influenced by geopolitical factors and central bank sell-offs, and real estate facing regulation and liquidity bottlenecks. Bitcoin, with its fixed total supply of 21 million coins and decentralized nature, theoretically has strong inflation-hedging properties. Based on empirical data from a long-term perspective spanning from 2009 to 2023, compared to U.S. inflation data, the price of Bitcoin has far outpaced the inflation rate, with some periods such as 2013 to 2017 seeing Bitcoin's annualized growth rate exceed 200% during periods of moderate inflation. Corporations purchasing Bitcoin can hedge against the erosion of purchasing power due to price hikes at the asset balance sheet level, maintain shareholder equity, and safeguard against the impact of inflation. Many resource-based and consumer-facing companies are significantly affected by inflation driven by upstream costs and are exploring Bitcoin as a hedge to control costs and stabilize profits, seeking new avenues. 3.3 Strategic Deployment Intent Amidst the emerging technological wave, blockchain and the crypto economy are seen as the frontier of future transformation, prompting some publicly listed companies to strategically acquire Bitcoin to seize opportunities. Technology company Reddit's purchase of Bitcoin strengthens community support for the crypto ecosystem, explores new models, and uses "community tokens + Bitcoin" to attract user participation, injecting vitality into the platform's development. Financial institution Grayscale's entry into compliant Bitcoin trusts absorbs funds, accumulates experience, shapes standards, and transitions from traditional asset management to digital asset management. Traditional company Tesla's investment in Bitcoin, along with involvement in crypto payments, integrates into a multi-domain collaborative ecosystem, expands its business boundaries, engages in heat marketing, attracts customers, and enhances its brand image. Pioneers in various industries use Bitcoin as a strategic "pathfinder stone" to explore new "territories." 4 Crypto Asset Holding Industry Development Trends Outlook 4.1 Market Size Forecast Based on the rapid growth trend of global publicly traded companies holding Bitcoin in recent years, the future scale expansion is robust. In terms of the holdings' market value, although currently only a small number of companies hold large positions, with the central price of Bitcoin moving up and more companies entering the space, the market is expected to exponentially rise. According to OKG Research's estimate, if approximately $2.28 trillion flows into the Bitcoin market within the next year, driving the price to $200,000, the market value of Bitcoin holdings by publicly traded companies will surge simultaneously, with flagship companies like MicroStrategy potentially surpassing a billion-dollar asset scale. In terms of the number of companies holding Bitcoin, both emerging markets and traditional industries are accelerating their penetration, with a growth rate of about 15% over the past five years, expected to increase at a rate of 20% in the next five years, especially in the financial and technology sectors where new startups are attracted by the crypto culture and investment returns, running to join the trend. From the current 80+ companies, they are expected to reach 200 companies, completely reshaping the industry landscape, as Bitcoin moves from a "niche embellishment" on corporate balance sheets to a "mainstream weight." Figure 4 Prediction Chart of Coin Stock Company Listing Source: OPEN AI Official Website, BB Research 4.2 Industry Landscape Evolution The competition between new and old players is intensifying. Old giants such as MicroStrategy and Tesla are consolidating their positions through their first-mover advantage, capital, and brand strength. MicroStrategy is continuously expanding its position, either by leveraging its professional crypto investment team to develop Bitcoin-related financial services or by building a "Bitcoin Asset Management Empire." Tesla, using cash flow from its core car business, is opportunistically increasing its holdings to strengthen the synergy between cryptocurrency and the automotive ecosystem. Emerging forces are not to be underestimated. FinTech startups are competing for market share with innovative products and flexible strategies, such as launching Bitcoin yield optimization financial products to attract retail investors indirectly. Traditional industry giants are disrupting the industry by entering the field, with energy and retail companies utilizing upstream and downstream resources to explore Bitcoin payments and supply chain finance innovation. In the short term, industry concentration will be diluted due to new players entering the market. However, in the long run, those with strong resources, technology, and brand advantage will stand out, reshaping the industry's leading echelon and forming a new multipolar competitive landscape. 4.3 Prospects for Integration with the Blockchain Ecosystem The deep involvement of publicly listed companies in blockchain infrastructure construction is an overarching trend. Technology companies are investing in research and development to optimize blockchain performance centered around Bitcoin, reducing transaction costs and shortening confirmation times. They are exploring the commercial application of the Lightning Network to normalize small, high-frequency payments and expand Bitcoin's use in everyday consumption scenarios. Financial institutions are building compliant Bitcoin custody and settlement platforms based on blockchain to facilitate institutional entry into the space, promoting Bitcoin's transition from "wild" to "tamed." At the application development level, companies are exploring value beyond Bitcoin as a "currency," such as in supply chain traceability and the copyright field, integrating with NFTs. By anchoring value with Bitcoin, they empower digital asset rights and circulation, achieving the bidirectional flow between the virtualization of the virtual economy and the realization of the virtual entity in the real economy. Riding on the blockchain trend, Bitcoin is breaking free from being merely an investment asset and integrating into the core of the global business value creation network, empowering the digital transformation of various industries. 5 Coin Stock Industry Development Trends 5.1 We Address Two Key Questions of This Round of Coin Stock Industry Revolution: Landscape and Space 5.1.1 Coin Holding Publicly Listed Companies Competition Landscape: Future will present a high fixed cost, low marginal cost structure leading to high concentration Coin holding publicly listed companies refer to enterprises that include Bitcoin on their balance sheets and publicly trade on the capital market. They may view Bitcoin as a reserve asset, part of their investment portfolio, or as a strategic technological asset. The cryptocurrency industry revolution brought about by U.S. predictable policies such as the Bitcoin National Reserve Strategy Act series is becoming the starting point of the next technological revolution, changing the financial landscape and breaking through the arms race paradigm. For publicly traded companies holding assets in the asset management industry, the fixed cost investment requirement is relatively high, but the marginal cost of use is relatively low and showing a rapid downward trend. This implies a high level of industry concentration, which is expected to gradually develop into a scenario of top-tier competition. We believe that the global competitive landscape will tend towards diversified competition. On the one hand, this is due to Bitcoin transactions leading to a high market concentration and certain industry barriers. On the other hand, early Bitcoin asset management methods are fundamentally tending towards homogenization, but there are differences in accumulated industry experience. Bitcoin asset management capability will become a core competitive advantage for enterprises, and those at the forefront of mastering Bitcoin-enhanced return strategies will gain this advantage. (1) Competitive Elements of Publicly Traded Companies Holding Assets: The value of holding assets and storing value is homogenized, with the amount of Bitcoin held becoming the company's core competitive advantage. We divide the competition of publicly traded companies holding Bitcoin assets into three dimensions: quantity, scenario, and function. Then we can see that for giants, scenarios and functions exhibit a high degree of homogeneity, with only the quantity dimension showing significant differentiation in competition. We believe that in the ultimate competition, quantity is key, and furthermore, first-mover advantage and unique scenarios will prevail. Figure 5 Asset Allocation Diagram Source: OPEN AI Official Website, BB Research (2) Homogenized Competition in Asset Storage Value a. Scenario Level: The core reason is that the Bitcoin blockchain cannot support the deployment of new financial applications as Ethereum does, making it difficult to become an ideal financial infrastructure. b. Function Level: Early Bitcoin whales tend to be risk-averse in their investment philosophy, lacking vetted complex structures and risk hedging strategies, making it difficult to meet investors' demands for diversified returns and risks. (3) Competition in Quantity: First-Mover Advantage and Scenario Advantage Quantity presents significant differentiation and will be the core competitive element determining the outcome among competitors. We believe the essence of quantity competition lies in the competition of speed and scenarios. First, whether one can quickly hold a significant quantity of Bitcoin to benefit from the model optimization brought about by quantity flywheels; second, whether there are suitable scenarios to support the accumulation of a sufficient quantity of Bitcoin for strategic enhancement. a. Flywheel Effect of Bitcoin Quantity: Interaction between Bitcoin Quantity and Asset Management Model The more Bitcoin is held, the more interactions between investors and asset management models, leading to better optimization of the model. In theory, 1) the larger the data volume, the richer and more comprehensive the investment levels and dimensions, and the more timely the updates, the better the investment model's performance; 2) for large models following the Bitcoin-enhanced investment strategy route (using feedback from the market for reinforcement learning), model tuning is a core part of model optimization. It can be said that the quantity of Bitcoin held affects the actual usage scenarios of asset management models, and the scale of holdings is crucial in promoting the optimization of asset management models. b. Uniqueness of Data and Scenarios Drives Differentiation Opportunities Bitcoin Enhanced Strategy Application: 1) Enhance strategy robustness in extreme market conditions through AI-optimized model adaptability; 2) Design and implement innovative strategies using tools provided by decentralized finance (DeFi) platforms (such as AMM, decentralized lending); 3) Large-scale development of security use cases and exploration of new ecosystem revenue streams. For a long time, Bitcoin applications and revenue generation have seemed insufficient, leading top-listed companies to only consider Bitcoin as a value storage tool. (4) Number of Holding Companies and Geographic Distribution According to data from institutions such as CoinGecko and OKG Research, as of 2024, there are approximately 80 public listed companies globally holding Bitcoin. The North American region dominates, with over 60% of relevant companies, where the United States leads with over 50 companies, including industry giants like MicroStrategy and Tesla. Europe closely follows, representing about 20%, with countries like the UK and Germany participating due to their relaxed financial regulatory environment. The Asian region holds around 15%, with Japan and South Korea as representatives. Japan, driven by the legalization of cryptocurrency trading, has about 10 companies investing in Bitcoin, while Korean companies purchase Bitcoin to expand payment and asset appreciation channels due to the developed internet and gaming industries. Companies from other continents have lower participation rates, mainly due to financial infrastructure and regulatory uncertainty. Figure 6 Asset Allocation Chart Data Source: OPEN AI Official Website, BB Research (5) Differences in Industry Categories Many public listed companies invest in Bitcoin, with tech companies leading at over 40%. Software giant MicroStrategy has been optimizing its asset structure through Bitcoin, making continuous purchases since 2020 and holding over 400,000 coins by 2024, viewing Bitcoin as a tool to combat inflation and digitize wealth reserves. Payment companies like Square and PayPal are exploring new settlement methods through Bitcoin payment ecosystem development. Internet and e-commerce companies like Rakuten and Meitu seek new business opportunities and traffic monetization through cryptocurrency purchases. The financial industry accounts for 30%, with asset management institutions holding Bitcoin on a large scale through GBTC trust. Cryptocurrency hedge funds and quantitative investment firms leverage algorithms for arbitrage in price fluctuations, while some banks are researching cryptocurrency-related businesses to explore compliant participation in the Bitcoin financial ecosystem. Mining companies account for 20%, with players like Marathon and Riot Platforms leveraging their hash power advantage to accumulate a large reserve of Bitcoin. Their strategy, influenced by various factors, including equipment manufacturers and mining pools, impacts the Bitcoin supply beyond their operational and debt repayment activities. Traditional industries such as manufacturing and consumer goods represent less than 10%. For example, although Tesla is primarily engaged in car manufacturing, Musk's visionary outlook led the company to invest $1.5 billion in Bitcoin for asset diversification and brand promotion. Despite adjustments in the strategy, Tesla still holds over 10,000 bitcoins, setting an example for new-age manufacturing enterprises integrating into the crypto economy. The Bitcoin investments across different industries reflect varying perspectives on industry transformation, asset appreciation, and user demand. Table 2 Main Categories of Bitcoin-Holding Public Companies (6) Scale of Holdings and Asset Allocation Public companies exhibit a wide disparity in their holdings. MicroStrategy holds 446,400 bitcoins, valued at over $50 billion, far exceeding other companies. Companies like Tesla, Galaxy Digital, and Hut 8 hold thousands to tens of thousands of bitcoins, valued at hundreds of millions to tens of billions. Over half of the companies hold less than a thousand bitcoins. In terms of asset allocation, over 70% of MicroStrategy's portfolio is in Bitcoin, showing a deep strategic inclination towards the crypto ecosystem. Medium-sized companies like Meitu allocate approximately 10% - 20% of their assets to Bitcoin as a supplementary investment in emerging technologies. Smaller or more conservative companies allocate less than 5% to Bitcoin, primarily for experimental purposes. The scale of holdings and asset allocation demonstrates companies' varying attitudes towards crypto assets and foreshadows the diversity of Bitcoin's role in the corporate future. 5.1.2 Industry Space Perspective (1) Bitcoin ETFs, actively managed Bitcoin funds cover staking, CeDeFi fee arbitrage, and maximizing Bitcoin's intrinsic value through DeFi or being replaced by other recommended means. Here, we include all entries based on passive Bitcoin ETFs and active asset management for defining Bitcoin, including Coinbase (ETF), MARA (mining company), MSTR (Bitcoin treasury-listed company), which may be replaced by newcomers in the industry; (2) Some veteran Bitcoin whales generally hold conservative investment philosophies with a high degree of risk aversion; (3) While Bitcoin serves as a robust store of value, at the financial management level, it falls short of meeting investors' diversified needs for returns and risks. Table 3 Competitive Landscape of Publicly Listed Companies Holding Crypto Assets (as of 2025.1.1) Data Source: Google Finance, Bloomberg, BB Research 5.2 Financial Performance of Bitcoin-Holding Public Companies 5.2.1 Balance Sheet Impact: Bitcoin is usually recognized as an "intangible asset" on financial statements, with its value constrained by accounting standards. During a bear market, companies may face asset impairment, while in a bull market, the increase in asset value may not be fully reflected in financial reports. 5.2.2 Correlation of Stock Price and Bitcoin Price: The stock price of Bitcoin-holding companies typically fluctuates in close relation to the price of Bitcoin. For example, MicroStrategy's stock price surged during the Bitcoin bull market and declined during the bear market. 5.2.3 Investor Sentiment and Market Value: Bitcoin-holding companies attract specific investors due to their exposure to digital assets, but they also bear additional market volatility risks as a result. Table 4 Crypto-Holding Public Companies Index (First Release by BB Research) Data Source: Google Finance, Bloomberg, BB Research 5.3 Valuation Model for Crypto-Holding Public Companies Based on global data on crypto-holding companies as of December 31, 2024, a valuation model for four public companies holding crypto assets was constructed. 5.3.1 Market Value Premium Rate This model relies on the Market Value Premium Rate, leveraging equity dilution financing to increase the amount of Bitcoin held, raise the per-share BTC holding, and consequently boost the company's market value. Market Value Premium Rate Model = (Market Price - Intrinsic Value) / Intrinsic Value × 100% Using Formula (1), calculate the market premium rates for MSTR, NANO, MARA, and Bohai Interactive. Table 5 Market Premium Rates Data Source: BB Research Figure 7 Market Premium Rate of MSTR, NANO, MARA, and Boya Interaction Source: BB Research As shown in Table 4, in 2024, MSTR's Bitcoin holding is 402,100 coins, with a price of $82,100 per Bitcoin. Its Bitcoin intrinsic value is $33 billion, and its market value is $89 billion. Calculated by Formula 1, the market premium rate is 1.70; In 2024, NANO's Bitcoin holding is 30 coins, with a price of $99,700 per Bitcoin. Its Bitcoin intrinsic value is $36 million, and its market value is $94 million. Calculated by Formula 1, the market premium rate is 1.61; In 2024, MARA's Bitcoin holding is 404,000 coins, with a price of $87,205 per Bitcoin. Its Bitcoin intrinsic value is $35.26 billion, and its market value is $58.66 billion. Calculated by Formula 1, the market premium rate is 0.66; In 2024, Boya Interaction's Bitcoin holding is 31.83 coins, with a price of $57,724 per Bitcoin. Its Bitcoin intrinsic value is $2.98 billion and its market value is $4.44 billion. Calculated by Formula 1, the market premium rate is 0.49. Envisioning the Competitive Landscape of the Holding Sector: A Battle of Speed and Premium Rate: Leading MSTR with a market premium rate of 1.70; Emerging NANO with a market premium rate of 1.61. Table 6 Median Industry Market Value Premium Rate Source: Google Finance, Bloomberg Official Website, BB Research The median of the market premium rate is 1.82, serving as the central estimation value of the Token-Stock Index. Reviewing the volatility of holding sector companies, it can be seen that when marginal net buying increases, the premium rate can remain high; when marginal net buying weakens, the premium rate begins to decline; and when there is marginal net selling, the premium rate will quickly turn negative. The ability of token-stock companies represented by MSTR to maintain a high premium rate depends on: 1) The height and duration of the BTC bull market; 2) The sustainability of marginal BTC net buying; 3) The continuous marketing ability of the company's founder. 5.3.2 Net Asset Value (NAV) Premium Model The company's value is estimated based on the net value of Bitcoin assets held by the company, combined with the market's assigned premium multiple. Table 7 Company Value Source: Google Finance, Bloomberg Website, BB Research Company Value = Premium Multiple * Bitcoin Net Asset Figure 8 Company Value of MSTR, NANO, MARA, and BHY Interactive Source: BB Research As shown in Table 5, in 2024, MSTR's Bitcoin value is $375.9635 billion, liabilities are $45.7 billion, Bitcoin net assets are $330.26 billion, the premium multiple is 1.70, and the company value is 560.45; In 2024, NANO's Bitcoin value is $0.3366 billion, liabilities are $0.08 billion, Bitcoin net assets are $0.26 billion, the premium multiple is 1.61, and the company value is 0.41; In 2024, MARA's Bitcoin value is $37.815 billion, liabilities are $0.13 billion, Bitcoin net assets are $37.68 billion, the premium multiple is 0.66, and the company value is 25.00; In 2024, BHY Interactive's Bitcoin value is $2.98 billion, liabilities are $0.46 billion, Bitcoin net assets are $2.52 billion, the premium multiple is 0.49, and the company value is 1.24. The median company value is 0.27, serving as the centroid of industry valuation. Table 8 Company Value Source: BB Research 5.3.3 Bitcoin Price Sensitivity Model Valuation based on the impact of each change in Bitcoin price on the company's market capitalization. Table 9 Market Cap Increase Source: BB Research Market Cap Change = Sensitivity Coefficient * Bitcoin Price As shown in Table 6, in 2024, MSTR has a price sensitivity coefficient of 1.51%, with every 1% increase in Bitcoin price, the company's market cap increases by $861 million; In 2024, NANO has a price sensitivity coefficient of 2.96%, with every 1% increase in Bitcoin price, the company's market cap increases by $0.01 billion; In 2024, MARA has a price sensitivity coefficient of -0.53%, with every 1% increase in Bitcoin price, the company's market cap decreases by $0.13 billion; In 2024, BOYA Interactive has a price sensitivity coefficient of 1.04%, with every 1% increase in Bitcoin price, the company's market cap increases by $0.01 billion. Table 10 Market Cap Increase Source: BB Research The median market cap increase is 0.01, serving as the central point of industry valuation. Buying holding company shares is equivalent to capturing the expected growth of Bitcoin plus the listed company's performance multiplier. First, since coin-stock companies can borrow to leverage, secondly, they can multiply by the PE Ratio. During a Bitcoin bull market, MSTR can maintain leverage of around 2x. Currently, there is no perpetual motion machine for holding companies. After a certain limit of MSTR's BTC holdings (such as Grayscale's 200,000 BTC), the premium rate will inevitably decline. It is more advantageous to reasonably allocate coin-stock ETFs to obtain long-term stable returns. Finally, the research finds that when the historical MSTR turnover rate exceeds 30%, a phase-wise peak signal appears. 6 Conclusion and Recommendation 6.1 Research Summary Although the global group of publicly traded companies holding Bitcoin is still in its development stage, it has demonstrated vitality and enormous potential. From the perspective of development features, the geography is concentrated in North America, and the industries span across technology, finance, mining, and other diverse fields. The scale of holdings and asset allocation strategies are diverse, with some companies embracing aggressively and others cautiously dipping their toes in the water. From an opportunity perspective, Bitcoin brings asset diversification and a new tool for hedging inflation to listed companies, aligning with strategic transformation needs and poised to take the lead in the emerging technology wave. However, the challenges are not to be underestimated, as price volatility, unclear regulatory policies, and limited market acceptance all pose uncertainties for companies in terms of finance, operations, and strategic implementation. By 2025, there will be the launch of a holding stock ETF index, with mainstream institutions covering holding stock investments. All holding stock companies will issue coins, and all coins will issue stocks. The integration of holding stock-listed companies with Bitcoin enhancement strategies will bring about disruptive investment opportunities. Overall, Bitcoin investment has become a key path for listed companies to explore new growth and respond to a complex economic environment. However, a careful balance of pros and cons and precise risk management are required. 6.2 Investment Recommendations For risk-seeking aggressive investors, it is advisable to focus on industry pioneers such as MicroStrategy and emerging players like Nano, especially during Bitcoin market corrections, spreading panic, or when prices touch key support levels. Consider gradually establishing positions on dips to share in their high growth potential. At the same time, closely monitor the dynamics of emerging technology and financial companies' Bitcoin derivative products, as well as holding stock index ETF layouts, to seize early entry opportunities and capitalize on industry growth dividends. Nevertheless, it is crucial to set strict stop-loss orders to guard against black swan events. Conservative investors should prioritize monitoring the dynamic holdings of large, mature listed companies in Bitcoin, such as Tesla. Wait for the market trend to become clear, the policy environment to stabilize, and then combine technical analysis with fundamental research. When Bitcoin prices pull back to a reasonable valuation range, participate moderately with a small proportion of funds, emphasize long-term holding, leverage professional corporate management, and diversified business to cushion price volatility, and achieve steady asset appreciation. Additionally, complement with traditional safe-haven assets like gold and quality bonds to optimize portfolio risk-return ratios. For conservative investors, indirect participation can be considered by focusing on Bitcoin-related financial products, such as compliant Bitcoin ETFs (in regions where approved). Monitor the trends of professional asset management institutions and, when market sentiment is optimistic, funds continue to flow in, and technical indicators are favorable, make small exploratory investments while adhering to asset allocation discipline. Maintain Bitcoin investment exposure at a very low level to ensure capital safety and, under the premise of protecting principal, mildly participate in sharing industry growth dividends. 6.3 Risk Factor Identification Bitcoin has experienced significant price fluctuations since its inception, which has had a severe impact on listed companies holding Bitcoin. Taking MicroStrategy as an example, during the Bitcoin price decline in 2022, the company's asset impairment losses significantly increased, leading to a substantial expansion of net losses in financial reports and a sharp drop in market capitalization and stock price. The abrupt price changes have filled listed companies with uncertainties in financial and market value management, also affecting investor confidence. The global regulatory stance on Bitcoin varies widely and has been constantly evolving. Some states in the United States recognize Bitcoin as legal, but federal agencies impose strict regulations. Approval for a Bitcoin ETF is difficult to obtain, and publicly listed companies holding Bitcoin face rigorous compliance reviews and disclosure requirements. Since 2017, China has banned virtual currency-related activities, limiting domestic corporate Bitcoin investments. The European Union, on the other hand, continues to refine its cryptocurrency regulatory framework. The direction of regulatory policies affects the legitimacy and operation models of publicly listed companies holding Bitcoin. Once regulations tighten, the Bitcoin assets of publicly listed companies may depreciate, facing selling pressure, and their business and strategic plans may be hindered. In daily business scenarios, Bitcoin faces many challenges as a payment method. Its transaction confirmation time can be as long as 10 to 60 minutes, making it difficult to meet the instant transaction needs of retail fast-moving consumer goods. Price volatility also exposes merchants to high exchange rate risks. While theoretically Bitcoin can bypass foreign exchange controls and reduce remittance costs in cross-border transactions, practical operations are restricted by various countries' exchange rate policies and anti-money laundering regulations. The flow of funds in and out is hindered, exchange rate conversions are complex, liquidity is insufficient, limiting its role in expanding cross-border business and fund circulation for publicly listed companies, hindering Bitcoin's market adoption. 6.4 Industry Outlook Looking ahead, publicly listed companies globally holding Bitcoin are expected to continue expanding the boundaries of financial innovation. On one hand, promoting the diversification of Bitcoin financial products, moving from simple holding towards innovating complex derivatives such as Bitcoin futures, options, structured notes, etc., to meet different risk appetite demands; on the other hand, deepening integration with blockchain to assist in Bitcoin's underlying technology upgrades, accelerating the implementation of applications like the Lightning Network, enhancing transaction efficiency, expanding commercial use cases. In terms of market leadership, leading companies with resources, technology, and brand accumulation become industry standard setters, guiding regulatory policy improvements. Emerging companies stimulate a shark effect with innovative vitality, prompting industry diversification, healthy development, collectively propelling Bitcoin from the periphery to the mainstream, integrating into the core of the global financial ecosystem, reshaping the asset allocation, payment clearing, and value storage landscape, injecting lasting momentum into economic digital transformation. In the future, "All coin stocks will issue coins, and all coins will issue stocks," coin stocks will form a new industry—the Capital Market WEB3.0 Carnival, riding the wind and breaking through the thousands of miles, a promising future awaits. Coin Stock Investment Rating Explanation Within the 6 months following the reporting date, based on the relative price change compared to the Coin Stock ETF Index, the definitions are as follows: 1. Buy: Performance is +20% or more compared to the Coin Stock ETF Index; 2. Hold: Performance is +10% to +20% compared to the Coin Stock ETF Index; 3. Neutral: Fluctuation between -10% and +10% relative to the Coin Stock ETF Index performance; 4. Underweight: Performance relative to the Coin Stock ETF Index is below -10%. Industry Investment Ratings: Based on the industry index's performance relative to the Coin Stock Index in the six months following the reporting date, the definitions are as follows: 1. Overweight: Industry index performance is +10% or higher relative to the Coin Stock Index; 2. Neutral: Industry index performance is between -10% and +10% relative to the Coin Stock Index; 3. Underweight: Industry index performance is below -10% relative to the Coin Stock Index. We would like to remind you that different securities research institutions use different rating terms and criteria. We employ a relative rating system, indicating the relative weight of the investment. Advice: Investors' decisions to buy or sell coin stocks depend on individual circumstances, such as current holdings and other factors to consider. Investors should not rely solely on investment ratings to draw conclusions. Legal Disclaimer and Risk Warning This report is produced by CoinFire Research Institute. The information in this report is derived from publicly available sources that we believe to be reliable, but CoinFire Research Institute and its affiliated entities (hereinafter collectively referred to as "we") make no guarantee as to the truth, accuracy, or completeness of this information, nor do we guarantee that the information and recommendations contained herein will remain unchanged. We are under no obligation to update recipients of the report with changed information and recommendations. This report is for reference purposes for clients of our institute only. We do not consider recipients of this report as our institute's clients by default. This report reflects the views and judgments of the report author as of the issuance date. Under no circumstances does the information in this report or the opinions expressed constitute investment advice to anyone. Investors should independently evaluate the information and opinions in this report and also consider their own investment objectives, financial situation, and specific needs. We and/or our affiliated personnel do not bear any legal liability for any consequences resulting from relying on or using this report. Our traders and other professionals may provide market comments and/or trading views orally or in writing that are inconsistent with the opinions and recommendations in this report based on different assumptions, standards, and analytical methods. We are not obligated to update these opinions and recommendations to all recipients of the report. Our asset management company, proprietary trading desks, and other investment business units may independently make investment decisions that are inconsistent with the opinions or recommendations in this report. This report is the copyright of our institution. Without prior written authorization from us, no organization or individual may copy, publish, or disseminate all or part of the content of this report in any form. If authorized to publish, forward, or excerpt this report, the publisher should indicate the issuer of this report and the publication date, and highlight the risks of using this report. Unauthorized reproduction or publication of this report, or publication that does not meet the requirements, may incur legal liability. Our institution reserves the right to hold such infringers legally responsible. This article is contributed content and does not represent the views of BlockBeats.
Analyst Predicts SUI Rebound Amid 12% Price Surge
SUI surged over 12% in 24 hours, reaching $4.19, backed by strong trading volume and bullish momentum. Technical indicators suggest continued upside, with MACD and Bollinger Bands signaling strong momentum. The crypto market has seen renewed optimism following the FED’s decision to keep the interest rates unchanged at 4.25% to 4.5%. The broad market displays robust bullish momentum as the overall market cap and 24-hour trading volume surge to $3.56 trillion and $130 billion, respectively. Sui, a layer-1 blockchain, has shown a remarkable rally today as the bulls hold the upper hand. As of this writing, SUI is trading at $4.13 , with a surge of 10% in the past 24 hours. Despite kicking off the trading session on a low note at $3.61, SUI stole the show, climbing to an intraday high of $4.20, where it faced rejection. Furthermore, its market cap and trading volume have climbed to $12.50 billion and $1.69 billion, respectively. Source: CoinMarket Cap Amidst the bullish recovery, SUI has been trading in a descending channel on the weekly and monthly charts. SUI lost its upward momentum after setting its all-time high of $5.35 on January 6th. The bearish setback dropped the altcoin below the $5 and $4 key levels to seek support at the $3.5 region. Crypto analyst Ali recently highlighted a buy signal for SUI on the 12-hour chart using the TD Sequential indicator. This tool identifies trend exhaustion and potential reversals by tracking price movements. The signal suggests a possible rebound as selling pressure weakens. The TD Sequential indicator presented a buy signal on the $SUI 12-hour chart, anticipating a price rebound! pic.twitter.com/BRLq0U9BsY — Ali (@ali_charts) January 29, 2025 SUI Price Technical Analysis: SUI Rebounds Strongly After a Bullish Reversal Technical indicators on the 4-hour chart display significant upward momentum fueled by positive momentum. SUI price has been rising steadily, with a series of green candlesticks forming on the chart. The Bollinger Band (BB) and Moving Average Convergence Divergence (MACD) indicators back the positive sentiment. The Bollinger Band suggests an increase in volatility as the bands start to enlarge. The upper and lower bands are at $4.17 and $3.50, with the middle line at $3.84. SUI aligns with the upper band, where the price has faced rejection following the development of a red candlestick. Source: TradingView However, should the bulls lose momentum, SUI could seek support at the middle band at $3.84. Furthermore, a break below this point could lead to a retrace at the $3.50 mark, which acts as the key support. The MACD line has been rising steadily from the negative territory, suggesting a shift in market dynamics. The histogram is printing red bar which suggests strong bullish momentum, and the price rally could continue further. Highlighted Crypto News Today: BKEX Staff Sentenced as Chinese Court Rules Crypto Futures Trading as Gambling
BounceBit expands USDC support, launches on-chain bridging and CeDeFi yield features
ChainCatcher reports that BounceBit has announced the expansion of USDC support through two new initiatives: introducing the Bridged USDC standard on the BounceBit chain, and launching a USDC yield generation feature on its CeDeFi platform. Users can connect their wallets and deposit USDC via the official BounceBit website to monitor earnings in real time. In addition, BounceBit plans to explore cooperation with Circle in the RWA field, continuously developing more services to meet user needs.
How Trump’s Crypto Policies Are Shaping Asian Markets
Asian lawmakers embrace crypto, influenced by Donald Trump’s pro-crypto stance, creating ripple effects across the region. Pro-crypto policies spark significant shifts in Malaysia, Thailand, and Hong Kong, boosting digital asset adoption and innovation. While the market’s attention is focused on the United States following Donald Trump’s inauguration as president, Asia is gradually but steadily sending good signals to the cryptocurrency industry. The pro-crypto policy implemented by the Trump administration in the United States seems to be influencing this action. In the Asian region, which is now progressively embracing blockchain technology and digital assets, this strategy has brought about notable transformations. Along with affecting the local market, this effect has spurred some fresh crypto industry advancements in the area. Lawmakers in some of Asia’s digital-assets markets are warming to the industry as Donald Trump’s pro-crypto agenda in the US ripples through the region https://t.co/IXUwFjArs5 — Bloomberg Crypto (@crypto) January 22, 2025 Malaysia, Thailand, and Singapore: Pioneering Crypto Policies in Asia According to Bloomberg , Malaysia and Thailand are displaying significant shifts in their stance toward the crypto space. For instance, Malaysia has sent a signal through friendlier policies to boost support of digital assets. Particularly in the fast-expanding blockchain technology industry, this support is likely to provide the path for investment and creativity. Conversely, Thailand is considering listing a crypto exchange-traded fund (ETF), therefore making a significant step. This is an attempt to meet the needs of national investors increasingly engaged in the crypto space. This action will not only draw institutional investors but also, in view of the globe, enhance Thailand’s crypto ecosystem. Nonetheless, both nations continue to exercise caution in their adoption process, considering the possible risks influencing economic stability. Singapore has meanwhile established its leadership as the top crypto asset center in Asia by 2024, surpassing Hong Kong’s hegemony. The nation has acted specifically by granting 13 crypto asset licenses to top operators, including exchanges like OKEx and Upbit, as well as international businesses such as Anchorage, BitGo, and GSR. This figure indicates fast and significant national development since it exceeds the permits issued in the year before. Hong Kong and India: Balancing Challenges and Leadership in Crypto Adoption One of the top financial hubs, Hong Kong has also shown its seriousness in raising competitiveness in the crypto market. Tax incentives for hedge funds and affluent families investing in digital assets are scheduled by the local government. With this strategy, Hong Kong intends to keep its top ranking as a financial center—especially in view of growing rivalry from surrounding nations. India continues to be a worldwide leader in crypto adoption despite challenges, including tight laws and high trade taxes. The nation of Bollywood has shown considerable interest in digital assets—both personally and commercially—for the second year in succession. This shows that, even under a rigorous legal environment, innovation in the crypto space still has great promise. Asian Nations: Balancing Caution and Innovation in Crypto Development Although American pro-crypto rules have been favorable, implementation of them is slow in Asia. Some nations are currently exercising cautious measures, weighing how the new rules would impact their national financial stability and economy. These obstacles have not, however, diminished the excitement of nations in the region to keep developing the blockchain and crypto ecosystem. For instance, fresh projects keeping appearing to improve the crypto infrastructure in Asia abound. CNF previously noted that BounceBit has teamed up with Google Cloud to bring real-world assets (RWAs) from Southeast Asia into the CeDeFi network. The cooperation seeks to increase support for institutional-grade infrastructure allowing the blockchain technology to integrate actual assets.
Machine learning algorithm predicts XRP price for January 31, 2025
After spending most of 2024 trading relatively flatly, XRP saw a decisive move to the upside in early November of 2024, in tandem with the rest of the cryptocurrency market. XRP’s gains were quite impressive, outpacing several other big-name coins and tokens. By December 2, the digital asset had reached a price of $2.71. Since then, however, momentum has slowed significantly — the price of XRP had receded to $2.37 by press time, with a 5% loss on the daily chart. Over the last 30 days, the price of the token has decreased by 2.60% — although price action has been quite volatile, with a noted crash below $2 on December 20. The dip was brief — but XRP has struggled to sustain upward momentum ever since. In just a couple of days, the SEC will file its appeal-related opening brief in its case against Ripple Labs. By the end of the month, Donald Trump, largely seen as a pro-crypto figure will be inaugurated — and current SEC chairman Gary Gensler will resign. All of these events have the potential to significantly impact XRP’s price action. For additional clarity, Finbold has decided to consult the advanced AI algorithm utilized by the cryptocurrency analytics and forecasting platform PricePredictions to figure out which prices XRP could be trading at by the end of the month. Machine learning algorithm sees upside in the cards for XRP With all of that taken into account, the algorithm predicts an upward trajectory for XRP — with prices forecast to reach $2.70 by the end of January. If these predictions come true, this would equate to a 13.92% surge from XRP’s current price. The algorithm’s predictions are based on technical analysis — and take into account indicators that provide a look into the strength of trends and whether or not an asset is overbought or oversold, such as moving average convergence divergence (MACD), the relative strength index (RSI), and Bollinger bands (BB). Going forward, the forecast is even more optimistic — per the algorithm, XRP could surpass the $3 mark in mid-February, although a correction is predicted to follow in short order. Experts predict XRP price On January 12, noted cryptocurrency researcher Alan Santana shared a consolidation chart pattern he identified, which led the analyst to conclude that a rally to $2.70 is possible if short-term bullish momentum occurs. However, Santana is a tad more bullish than the algorithm — as he noted that even the $2.9 level could be challenged in the coming weeks. In addition, pseudonymous trading expert The Great Mattsby also opined that XRP could reach new all-time highs (ATHs) above $2.70 in just weeks or days, based on Fibonacci retracement, a popular method used to spot pullbacks and points where new trends could begin. Lastly, readers would do well to remember that, as useful as technical analysis is, it often doesn’t provide a complete picture. While the findings shared by these researchers are promising, Ripple’s $690 million XRP dump will likely serve as a strong counterweight to any bullish moves, at least in the short term. Featured image via Shutterstock
El Salvador's tourism thrives amid Bitcoin adoption
Key Takeaways El Salvador's tourism industry saw a 22% increase in 2024, with 3.9 million visitors. The country's Bitcoin adoption has coincided with improvements in security and new inflows from the US. El Salvador sees a boom in tourism amid its Bitcoin adoption as a legal tender. According to a recent report from Santander, Spain’s biggest bank, which was shared by El Salvador President Nayib Bukele, the country welcomed 3.9 million tourists in 2024—a 22% increase from the previous year. Visitor numbers nearly doubled compared to the period between 2013 and 2016. The growth has been supported by dramatically improved security conditions, with December 2024 recording just a single homicide incident. Annual homicides dropped to 114 in 2024 from 6,656 in 2015, the report says. Moreover, improvements in infrastructure and increased mobility have facilitated the growth of ecotourism. The report also shows an important surge in tourists from the US, which may include some “BTC novelty tourists.” Since many Salvadorans live and work in other countries, particularly the US, the improved security situation encourages them to visit their families back home, which contributes to the tourism sector. El Salvador’s tourism growth has outpaced regional peers, including Costa Rica, Guatemala, and Panama, which average 3 million annual visitors each. If tourism continues to grow in El Salvador, it will attract more investment, which will strengthen the economy. “The tourism sector is the logical potential for higher trend growth and investment flows that would allow for a gradual trajectory from the B to BB rating category,” according to the Santander report. Scaling back Bitcoin policies Under Bukele’s leadership, the country has actively promoted Bitcoin usage throughout the country and expanded its Bitcoin efforts through several initiatives, including the launch of the Chivo cryptocurrency wallet. The adoption of Bitcoin has positioned El Salvador as a unique travel destination for crypto enthusiasts. However, the government’s recent deal with the International Monetary Fund (IMF) may in part limit the extent to which Bitcoin can be integrated into everyday transactions and economic activities. Under the terms of the $1.4 billion loan agreement , the acceptance of Bitcoin by the private sector will become voluntary, and public sector engagement in Bitcoin-related activities will be confined. The Chivo wallet designed to facilitate Bitcoin transactions and promote financial inclusion is set to be phased out. El Salvador continues its Bitcoin buying spree El Salvador still buys one Bitcoin each day regardless of market conditions. According to data from Arkham Intelligence, the country has amassed 6,024 BTC worth around $569 million as of today. Apart from its daily acquisitions, it just added 11 BTC worth around $1 million to its strategic reserves on Wednesday.
BB Token Enhances Cross-Chain Accessibility with Ethereum Expansion
BB Token Enhances Cross-Chain Accessibility with Ethereum Expansion Jessie A Ellis Jan 09, 2025 02:46 BB Token has expanded to Ethereum, enhancing cross-chain access and liquidity using LayerZero's Omnichain Fungible Token Standard, according to BounceBit. In a significant development for cross-chain accessibility, the BB Token has officially expanded its operations to the Ethereum blockchain. This expansion leverages LayerZero's innovative Omnichain Fungible Token (OFT) Standard, marking a strategic milestone in enhancing institutional capital bridges, as reported by BounceBit. Seamless Cross-Chain Bridge Now Live Users can now effortlessly bridge their BB tokens between the BounceBit Chain and Ethereum, utilizing a dedicated portal designed for this purpose. This development is expected to streamline the process for users, enhancing the overall user experience. Important Contract Details For security and verification, BounceBit has provided the official contract addresses for the BB Token on Ethereum: 0xd459ECeddafcc1d876a3be7290A2E16e801073a3, and the Uniswap V3 Trading Pair: 0x33b8213dE159884531957097F1722a12436014CC. Users are encouraged to verify these addresses to ensure secure transactions. Why This Matters This move to Ethereum is more than just an extension of cross-chain capabilities; it signifies a commitment to creating a more inclusive and accessible blockchain ecosystem, particularly for institutional investors. By utilizing LayerZero’s OFT Standard, the expansion aims to enhance liquidity across chains, reduce friction for institutional participants, improve capital efficiency, and seamlessly integrate with Ethereum’s robust DeFi ecosystem. Next Steps The community is invited to explore the new bridging capabilities through BounceBit's official portal. Users are reminded to always verify contract addresses and to use the official bridge interface available at BounceBit's portal. As the $BB ecosystem continues to grow, more updates are anticipated to further enhance institutional capital bridges. For more information, the official announcement can be viewed on BounceBit . Image source: Shutterstock
Helm Capital Group Unveils Kowalski Coin: Redefining Arts Funding Through Blockchain
Helm Capital Group launches Kowalski Coin, a token to democratize arts funding. The Benefit Block (BB) model provides transparent, equitable, and accessible investment opportunities for the arts. Kowalski blends cultural significance with financial accessibility through crypto-driven support. Helm Capital Group has introduced Kowalski Coin, a blockchain-powered token that transforms arts funding by offering transparency and democratized investment opportunities. A New Era in Arts Funding For centuries, the arts have relied on a select group of wealthy patrons to fund creative endeavors. As this traditional model faces challenges with generational shifts, Helm Capital Group is stepping in with a revolutionary approach to ensure creativity continues to thrive. Introducing Kowalski Coin —a cryptocurrency designed to make arts funding transparent, inclusive, and accessible to a broader audience. The Benefit Block Model: Where Art Meets Investment Helm Capital Group’s groundbreaking Benefit Block (BB) model bridges the gap between artistic expression and investment. Leveraging blockchain technology, the BB model offers an equitable funding system for normal everyday people to support the arts. At the heart of this initiative lies Kowalski Coin, the project’s anchor token that represents both financial involvement and collectible value. Investors can connect with the cultural and creative ecosystem while gaining access to new opportunities. “We’re empowering a new generation to support creativity in a transparent, inclusive, and rewarding way,” said Jeffery Sherman, CEO of Helm Capital Group. “The arts are a cornerstone of cultural progress, but traditional funding models have increasingly sidelined them. With Kowalski and the Benefit Block model, we’re changing the game.” Kowalski: A Revolutionary Theater Experience Set to premiere in January 2025 at the Duke Theater on 42nd Street, Kowalski reimagines the iconic 1947 meeting between Marlon Brando and Tennessee Williams. The production delves into the dynamics of Brando, Williams, and his girlfriend Jo, paralleling characters from A Streetcar Named Desire . With a stellar cast, including Brandon Flynn and Robin Lord Taylor, the production serves as a theatrical milestone and a testament to the potential of Helm Capital Group’s crypto-based fundraising model. “Kowalski is more than just a stage production—it’s a vision for the future of arts funding,” added Sherman. “This project proves that the theater can be both culturally relevant and financially accessible.” Join the Future of Arts Funding Helm Capital Group invites investors and theater enthusiasts to participate in this innovative initiative by purchasing Kowalski Coin and reserving tickets via the official website . Championing the fusion of tradition and innovation in a creative space, Helm Capital Group is inviting everyone to explore their blockchain-driven arts funding model. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
BounceBit launches RWA trading feature supporting tokenized securities
BounceBit announces the launch of RWA trading features that support tokenized securities on its BounceClub Quanto platform. The first batch of assets to go live includes MSTR, COIN, and BB. Users can use BB tokens as collateral for up to 200x leverage trading. Trading hours are synchronized with the US stock market, from 9:30 AM to 4:00 PM Eastern Time, closed on weekends and US holidays. This feature is not available for users in the United States.
Overview of Important Developments on January 3rd Noon
7:00-12:00 Keywords: BounceBit, Aave, Fold, Endaoment 1. 16th anniversary of the Bitcoin genesis block; 2. BounceBit launches RWA trading feature supporting tokenized securities; 3. Aave founder: Team to release innovative contracts on Lens Network; 4. Bitcoin financial services company Fold announces $30 million convertible bond financing; 5. X platform payment system "X Money" may be launching soon, possibly integrating cryptocurrency; 6. After MiCA stablecoin regulations take effect, Tether General Counsel Stuart Hoegner has retired; 7. Ethereum charity fund Endaoment sells 3,690 ETH, funds sourced from an Ethereum ICO whale; 8. Plume Network launches $25 million RWAfi ecosystem fund, supported by Galaxy Digital and others.
BounceBit Launches RWA Trading Support for Tokenized Securities
BounceBit has announced the launch of RWA trading on its BounceClub Quanto platform, which supports tokenized securities. The first batch of assets to be listed include MSTR (MicroStrategy), COIN (Coinbase), and BB (BlackBerry). Users can use BB tokens as collateral for up to 200x leverage trading. Trading hours are synchronized with the US stock market, from 9:30 am to 4:00 pm Eastern Time, and closed on weekends and US holidays. This feature is not available for US users.
Helm Capital Group unveils theater-backed token for Broadway production
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › In a bold move to bridge traditional theater with Web3 innovation, Helm Capital Group has announced the launch of Kowalski Coin, a new token designed to democratize Broadway investment through their proprietary Benefit Block (BB) model. The token will be tied to “Kowalski,” an upcoming Broadway-bound production starring Brandon Flynn and Robin Lord Taylor, scheduled to premiere at the Duke Theater on 42nd Street in January 2025. A New Funding Paradigm The project aims to address a critical gap in arts funding as traditional patronage models face sustainability challenges. Through the BB model, Helm Capital Group is introducing a blockchain-based solution that promises enhanced transparency and accessibility for retail investors interested in theater production. Each Kowalski Coin is anchored to a unique hash, effectively combining investment potential with digital collectible attributes. This approach appears designed to appeal to crypto natives familiar with fungible tokens while offering tangible backing through the theatrical production. “The arts are a cornerstone of cultural progress, but they’ve been increasingly sidelined by traditional funding models,” explained Jeffery Sherman, CEO of Helm Capital Group. “With Kowalski and the Benefit Block model, we’re empowering a new generation to support creativity in a way that’s transparent, inclusive, and rewarding.” The Production Behind the Token The underlying production, “Kowalski,” explores the historic 1947 meeting between Marlon Brando and Tennessee Williams, which led to the creation of “A Streetcar Named Desire.” The play introduces a dramatic reimagining of this pivotal moment, incorporating the character of Jo, Brando’s girlfriend, to mirror the dynamic between Stanley, Blanche, and Stella from Williams’ masterpiece. Technical Implementation The Benefit Block model attempts to solve several persistent issues in entertainment industry funding: Limited investment access for retail participants Lack of transparency in production financing High barriers to entry for potential investors While specific technical details about the token’s smart contract implementation remain undisclosed, the project positions itself as a bridge between DeFi functionality and real-world theatrical assets. Market Implications This development marks a significant step in the tokenization of traditional entertainment assets. If successful, the model could establish a new standard for funding creative projects through blockchain technology, potentially opening up previously restricted investment opportunities to a broader base of participants. Investors interested in participating can purchase Kowalski Coins through the project’s website, which also provides access to theater tickets for the upcoming production. Bottom Line While the concept of tokenizing entertainment properties isn’t new, Helm Capital Group’s approach of combining a legitimate Broadway production with Web3 technology represents an interesting evolution in the space. The success of this project could have significant implications for both the future of arts funding and the practical application of blockchain technology in traditional entertainment sectors. For more details about the token launch and investment opportunities, interested parties can visit Helm Capital Group’s official website . Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
BounceBit and Google Cloud Partner for Southeast Asia CeDeFi Growth
BounceBit partners with Google Cloud to onboard Southeast Asian real-world assets into the CeDeFi ecosystem. BounceBit enhances CeDeFi with Google Cloud support, expanding institutional-grade infrastructure for RWA integration. BounceBit and Google Cloud have made an agreement to accelerate the integration of real-world assets (RWAs) into Southeast Asia’s centralized decentralized finance (CeDeFi) ecosystem. The joint effort centers on building institutional-grade infrastructure using Google Cloud’s technologies to simplify RWA onboarding. This project fits BounceBit’s goal of bridging traditional assets with blockchain to meet the increasing need for creative financial solutions in the area. We're partnering with @GoogleCloud_SG to build what RWA truly needs: institutional-grade infrastructure for the next evolution of CeDeFi. Real assets, real infrastructure, real impact. pic.twitter.com/8ajQzdbkO4 — BounceBit (@bounce_bit) December 23, 2024 Strategic Partnerships Propel BounceBit CeDeFi Leadership in Southeast Asia An area ready for digital transformation, Southeast Asia has grown to be a hotspot for cloud infrastructure and AI-driven technology investments. Prominent companies such as Google, Microsoft, and Amazon have been making notable moves to show their presence, so stressing the need of creating technological ecosystems. This cooperation with Google Cloud offers BounceBit not only a means of expansion but also a step ahead in building a strong platform for CeDeFi adoption, therefore enabling more general access to decentralized financial instruments. Building on this trend, BounceBit recently attracted strategic investment from Boyaa Interactive , also known as Asia’s MicroStrategy because of its significant Bitcoin holdings. This financial support is expected to improve BounceBit’s operational capacity and market penetration in Asia, therefore confirming its leadership in the CeDeFi sector. Fostering Collaboration for Cross-Border Innovation and Asset Integration BounceBit is ready to establish new benchmarks for the integration of RWAs in blockchain systems with Google Cloud providing technical knowledge and Boyaa Interactive delivering strategic capital. Supported by projects including artificial intelligence skilling programs, the building of regulatory frameworks, and investments in advanced cloud technologies, Southeast Asia’s push for digital innovation keeps expanding. These advances complement BounceBit’s vision and support its approach to effectively and securely include traditional assets into decentralized systems. Partnerships like these point toward more cooperative solutions to handle the complexity of cross-border banking and asset tokenization as the financial ecosystem develops. Previously, CNF reported that BounceBit has debuted its CeDeFi V2 platform, which offers innovative capabilities including multi-chain compatibility without fund bridging. This development greatly improves cross-chain flexibility so that users may effortlessly control assets. Furthermore, available on the platform are Auto, Fixed, and Manual investment strategies, therefore giving consumers a range of choices to maximize their portfolios and get increased APY returns.
Bollinger Bands point to explosive Bitcoin price upside, but how high?
Bitcoin ( BTC ) could see further upside volatility as BTC’s price revisits key levels, according to a classic technical analysis metric. In a Dec. 18 post on X, John Bollinger, the creator of the Bollinger Bands volatility indicator, said that Bitcoin was positioned for an upward breakout. Bitcoin Bollinger Bands could lead to a “walk up” After hitting a new all-time high above $108,000 on Dec. 17, Bitcoin breached the upper boundary of the Bollinger Bands (BB) indicator, a barrier that has been out of reach since mid-November, data from Cointelegraph Markets Pro and TradingView shows. This is an encouraging sign from Bitcoin, according to Bollinger. The Bollinger Bands indicator uses standard deviation around a simple moving average to determine both likely price ranges and volatility. Over the past few days, the BTC/USD pair recorded daily candlesticks that touched the upper band of the BB. When this happens, it can signal an imminent reversal back to the center band or sudden upside volatility. The recent push-up of the upper band by Bitcoin adds weight to hopes that the latter scenario may now play out. “Bitcoin BTCUSD giving a Bollinger Band tutorial,” Bollinger commented alongside a chart. “A classic Bollinger Band Squeeze leads to a walk up the upper band.” BTC/USD 1-day chart with Bollinger Bands. Source: John Bollinger/TradingView The possibility of Bitcoin moving higher from the current price has resulted in some ambitious new BTC price targets for 2025 and beyond. Bitcoin price may hit $350,000 in 2025 According to Mauricio Di Bartolomeo, co-founder of Ledn, Bitcoin will continue to increase in value as measured in gold, eventually reaching the price equivalent of 50 ounces of gold per BTC. “I believe Bitcoin will continue to appreciate in gold terms and will reach a price equivalent to 50 oz of gold,” Bartolomeo wrote in a Dec. 19 article on Forbes. This would equate to a BTC price of $132,500 at current rates. He said, “I expect to see a slew of portfolio recommendations coming out of ETF issuers’ research desks and registered investment advisors,” recommending to their clients to add Bitcoin to their portfolios. Related: What will the Bitcoin price be in 2025 and 2045? A recent report by BlackRock stated that “investors may prefer to use Bitcoin tactically to hedge against specific risks, similar to gold.” Bartolomeo said: “If you are a fully allocated investor looking to rotate into a bitcoin position, you may be inclined to downsize your gold position to make room, as you’re investing the ‘digital’ version of it.” Robert Kiyosaki, a vocal advocate for the leading cryptocurrency since 2017, gave a more ambitious prediction. In a Dec. 18 post on X, Kiyosaki set a new target for Bitcoin, predicting the price could surge to $350,000 in 2025. Source: Robert Kiyosaki Kiyosaki’s figure is a more conservative estimate than Perianne Boring’s, founder of The Digital Chamber, forecast of $800,000 based on the stock-to-flow model . Such a surge would push Bitcoin’s market capitalization to around $15 trillion, up from its current valuation of over $2 trillion. PlanB, the creator of the stock-to-flow model, predicts Bitcoin to average around a $500,000 valuation across 2025. However, he said that the price may go as high as $1 million.
Bitcoin (BTC) Futures Volume Surges to $82 Billion Amid Rising Short Positions
Last week Monday, Bitcoin (BTC) futures volume was over $90 billion but steadily dropped between December 10 and 14, reaching $26.39 billion this past Sunday. However, as BTC’s price hit a new all-time high, the futures volume also jumped and reached a seven-day high of $82.84 billion. For some market observers, this resurgence implies a bullish outlook for the cryptocurrency. But Bitcoin traders seem to be choosing the other path. Bitcoin Rising Liquidity in the Derivatives Market Is Not a Bullish Sign Bitcoin futures volume refers to the value of all futures contracts bought and sold over a specific period. When the value increases, traders gain more exposure to a cryptocurrency by either opening long positions or shorts. For context, longs are traders with contracts predicting a price increase. Shorts, on the other hand, are traders betting on the price to decrease. However, a decrease in the futures volume indicates a drop in contracts opened by traders. According to data from Glassnode, the recent BTC all-time high woke Bitcoin traders up. For the last seven days, the volume has consistently decreased before its recent hike to $82.84 billion. Bitcoin Futures Volume. Source: Glassnode Despite a spike in the volume, Bitcoin traders appear skeptical about the cryptocurrency surpassing $107,000 anytime soon, as reflected in the long/short ratio. The long/short ratio serves as a barometer of investor sentiment. A ratio above 1 indicates more long positions than shorts, while a ratio below 1 signals dominance of short positions. Data from Coinglass reveals that Bitcoin’s long/short ratio has fallen to 0.58, with short positions accounting for 63.48% of total open interest, while long positions make up just 36.52%. This disparity reinforces the notion that most traders are bracing for a short-term correction in Bitcoin’s price. Bitcoin Long/Short Ratio. Source: Coinglass BTC Price Prediction: Drop Below $100,000 Likely On the daily chart, the Bollinger Bands (BB), which measures volatility, have tapped Bitcoin’s price at $107,352. The BB reveals the level of volatility and also shows whether an asset is overbought or oversold. Typically, when the upper band of the indicator touches the price, it is oversold. Conversely, when the lower band touches the price, it is oversold. Therefore, since it is the former, it appears that Bitcoin’s price is overbought and might retrace. Bitcoin Daily Analysis. Source: TradingView The Relative Strength Index (RSI) also supports this outlook as its reading is above 70.00, which also indicates that the BTC price is overbought. If validated, Bitcoin’s price might drop to $91,240. However, if buying pressure increases, the coin’s value might climb to $116,000.
BounceBit Secures Strategic Investment from Asia's Bitcoin Leader
BounceBit Secures Strategic Investment from Asia's Bitcoin Leader Zach Anderson Dec 13, 2024 07:06 BounceBit partners with Boyaa Interactive, known as Asia’s MicroStrategy, to enhance its CeDeFi ecosystem and expand market presence in Asia. BounceBit has announced a significant strategic partnership with Boyaa Interactive, a company often dubbed 'Asia’s MicroStrategy' due to its status as the region’s largest Bitcoin holder. This collaboration marks a crucial step in BounceBit’s mission to establish a comprehensive CeDeFi ecosystem, according to BounceBit . Institutional-Grade Digital Asset Infrastructure Boyaa Interactive's profound expertise in managing extensive digital asset portfolios and its robust presence in the Asian market align seamlessly with BounceBit’s objectives. This strategic investment is set to empower BounceBit to accelerate the development of institutional-grade CeDeFi solutions. Additionally, it aims to bridge the gap between traditional finance and digital assets, expand BounceBit's market influence in Asia, and fortify its institutional network. A Shared Vision for the Future This partnership is not merely a financial investment but also a testament to the increasing institutional confidence in the future of CeDeFi. The collaboration leverages Boyaa Interactive’s proven digital asset management capabilities alongside BounceBit’s innovative infrastructure. Together, they aim to drive the institutional adoption of digital assets. As BounceBit and Boyaa Interactive advance this partnership, their commitment remains steadfast in developing robust, compliant solutions that bridge traditional and digital finance. This collaboration is poised to foster a shared vision for the future of Real-World Assets (RWA) and CeDeFi infrastructure. This strategic move is expected to enhance BounceBit’s ability to deliver cutting-edge solutions in the burgeoning field of decentralized finance, supporting its long-term goal of integrating traditional financial systems with digital asset innovations. Image source: Shutterstock
BounceBit and Boya Interactive have reached a strategic cooperation to jointly build the CeDeFi ecosystem
On December 13, BounceBit announced a strategic investment partnership with Boya Interactive (HK.0434), known as the "Asian MicroStrategy". As Asia's largest Bitcoin holder, Boya Interactive's extensive experience in digital asset management and the Asian market will help BounceBit accelerate the development of institutional-level CeDeFi solutions, connect traditional finance with digital assets, expand its influence in the Asian market and strengthen its institutional network.
Boyaa Interactive Invests in Web3 Asset Management Platform BounceBit
Boyaa Interactive (00434) announced that the group has entered into an investment agreement with BounceBit Limited (BounceBit) for the Web3 asset management platform BounceBit (BounceBit platform) and has completed the investment this year. The company recently received notification from BounceBit confirming that the company's investment has been converted into 4.2 million BB tokens. The board of directors believes that this investment will further promote the development and layout of the group's business in the Web3 field, and also indicates that the group will deepen its cultivation in the Web3 field and use its rich experience accumulated in the Internet gaming field and the opportunity of Hong Kong's Web3 new policy to build the group into a pure and leading Web3 listed company.
Cardano (ADA) Large Transactions Decline By $19 Billion Amid Weak Network Activity
On November 23, the total Cardano (ADA) large transaction volume was $45.41 billion. Today, the same volume has dropped to $26.34 billion, suggesting that large investors in the market have reduced their exposure to the cryptocurrency. Sometimes, situations like this suggest that the altcoin’s price could be affected negatively. But could it be the case for ADA? Cardano Sees Drop in Key Areas In crypto, large transactions track the activity of institutional players and whales making trades worth over $100,000. An increase in large transaction volume suggests heightened engagement from these key stakeholders. Conversely, a decline often indicates that institutions or whales may be liquidating their holdings. In Cardano’s case, the large transactions have dropped by $19 billion over the past six days. Historically, ADA’s price has often risen alongside a surge in large transactions. For instance, the image below shows an increase in the metric between November 16 and 23. During that period, the altcoin’s value climbed from $0.57 to $1.09, suggesting that whales played a big part in the hike. Therefore, if the current decline persists, the token could face further downside pressure. Cardano Large Transaction Volume. Source: IntoTheBlock Large transactions aren’t the only aspect of the Cardano ecosystem facing a decline. According to data from Santiment, overall network activity has also dropped significantly. On-chain metrics such as active addresses are key indicators of network health. Active addresses refer to users who have previously interacted with the cryptocurrency and remain engaged in transactions. Over the past seven days, active addresses on the Cardano network have declined, indicating waning user participation. This trend reflects a bearish sentiment surrounding ADA. Cardano Active Addresses. Source: Santiment ADA Price Prediction: Retracement to $0.82? On the daily chart, ADA’s price trades around $1.04. However, the Relative Strength Index (RSI) has a reading of 76.91. The RSI measures momentum using the speed and size of price changes. It also tells when a cryptocurrency is overbought or oversold. When the reading is above 70.00, it is overbought. Conversely, when it is below 30.00, it is oversold. Considering the current outlook, it appears that ADA’s price is overbought, and a decline could be next. The Bollinger Bands (BB) — an indicator that measures volatility, also validates this bias. The BB, like the RSI, also gauges if an asset is overbought or oversold. When the upper band of the indicator toches the price, it is overbought. But when the lower band hits the value, it’s oversold. With the upper band of the BB close to hitting ADA, the price could decrease to $0.82. Cardano Daily Analysis. Source: TradingView However, if the Cardano large transactions increase, this might not happen. Instead, the cryptocurrency’s value could climb above $1.15.
Solana’s Adoption Surge and Market Sentiment Suggest Potential for Price Breakout
Solana’s recent breakthroughs in adoption and trading volume reflect its growing dominance in the crypto space, potentially signaling a bullish trend ahead. With a remarkable $100 billion in monthly decentralized exchange (DEX) volume and $11 billion in total year-to-date transactions, Solana’s growth trajectory is becoming increasingly apparent. A notable quote from COINOTAG highlights, “Solana continues to lead in technological advancements, reinforcing trader confidence as the network evolves.” Solana is witnessing unprecedented growth in adoption and transaction volume, indicating strong bullish momentum for the cryptocurrency in coming weeks. Price analysis: Can SOL maintain its support levels? Despite the recent pullback, SOL’s price action shows strength following its significant rally earlier this month. The Bollinger Bands (BB) indicate that the price is retracing from overbought conditions. The upper BB sits at $267.68, while the middle band provides critical support at $225.11. Additionally, the RSI is at 71.67, signaling a cooling-off phase as Solana consolidates near overbought territory. However, if SOL fails to hold above $225, it risks a deeper retracement toward $182.53. On the other hand, successfully maintaining support at $225 could allow the asset to build momentum for another rally toward its $267 resistance level. Therefore, this zone is critical for future price movement. Source: TradingView Steady development activity supports long-term growth In addition to its impressive market performance, Solana continues to demonstrate consistent development activity. As of November 24, the activity level is at 20.81, slightly lower than previous months. However, this steady progress underscores SOL’s ongoing commitment to enhancing its ecosystem. Consequently, this consistent development provides a strong foundation for long-term adoption and price stability. Source: Santiment Liquidations reveal bullish sentiment Solana’s liquidation data further reflects market optimism. On November 25, $10.47 million in long positions were liquidated compared to only $1.17 million in shorts, showcasing strong bullish sentiment among traders. This suggests that despite recent price dips, the majority of market participants expect Solana to continue its upward trajectory, potentially testing its previous highs soon. Source: Coinglass Is your portfolio green? Check out the SOL Profit Calculator Is SOL poised for another rally? Solana’s impressive milestones in adoption and transaction volume, combined with strong technical and market fundamentals, suggest it is well-positioned for further growth. If SOL holds its $225 support level, a retest of $267 and beyond becomes highly likely. However, failure to sustain this level could lead to a temporary correction. For now, the bullish sentiment and solid fundamentals favor an upward price breakout in the coming weeks. In Case You Missed It: Dogecoin Founder Billy Markus Hopes for Success Amid Elon Musk's Regulatory Challenges and Government Initiatives
Filled orders
Delivery scenarios
