eneryba7

@eneryba7

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Even little dogs know how to watch TV

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The Terra Luna ecosystem collapsed in May 2022, wiping out $60 billion in market value after its TerraClassicUSD (USTC) stablecoin lost its peg, falling below $0.01. Destabilization of USTC and panic selling also contributed to the collapse of the Terra Luna Classive (LUNC) token.

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Still, a decline below $75,000 would add significant downside volatility by triggering nearly $900 million worth of leveraged long liquidations across all exchanges, CoinGlass data shows.

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Robinhood posted a record $1 billion in revenue in the fourth quarter of last year, with cryptocurrency revenue accounting for $358 million of the total.

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“Bitcoin has built its own paper-based Layer 2 ecosystem through ETFs, MSTR, funds, and more. In this paper-based L2 Bitcoin, bridging to other altcoins is impossible,” he said in a December X post.

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So far, the region’s Securities and Futures Commission has only issued nine crypto licenses since starting a licensing drive in mid-last year.

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“The key to success lies in maintaining an open, fair, balanced and forward-looking regulatory approach that is conducive to the sustainable and responsible development of financial innovation, including Web3,” Mo-po said.

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Hong Kong, a Special Administrative Region of China, has also proposed initiatives such as exempting crypto gains from taxes for hedge funds, private equity and family investment vehicles, among other regulations.

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The FCA study clearly shows a demand for crypto-fiat bridges among UK users. In 2024, 43% of digital asset owners reported converting crypto to fiat, up from 33% in 2022. 13% of users said they purchased other financial products with crypto. Every fifth British crypto owner has used it to buy goods and services.

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The FCA research highlights that the appetite for crypto assets in the UK has soared, moving beyond early adopters, tech-savvy enthusiasts and “gamblers.” Broader audiences are now exploring the potential of crypto for investment, payments and remittances. They seek lasting value rather than immediate profits — and pursue sustainable crypto use cases that often involve tight integration with the fiat system.

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Last, but not least, the share of those buying crypto for a political choice or ideological reason reduced from 16% in 2021 to 9% in 2022, remaining at the same level in 2024. This data point suggests that people are increasingly buying crypto for pragmatic reasons rather than out of belief in the philosophy and values of decentralization.

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The mean value of crypto holdings increased from 1,595 British pounds to 1,842 pounds ($2,334). The proportion of investors keeping a more significant stake also surged: 19% of the study participants reported holdings between 5,001 and 10,000 pounds in crypto, compared to just 6% two years ago.

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Recent Financial Conduct Authority (FCA) research demonstrates how quickly the British have embraced digital currencies. 12% of adults in the UK own crypto, which translates to roughly 7 million users — compared to 10% (5 million) in 2022.

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As cryptocurrency goes mainstream in the UK, British businesses must introduce crypto solutions for their customers; otherwise, they risk falling behind in the competition.

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About 7 million people in the United Kingdom own cryptocurrencies — up from 5 million— amid a notable shift toward sustainable and pragmatic use cases. If the adoption rate grows, the British digital assets industry will onboard millions of new users in the coming years, sparking demand for simplified money flow between the crypto and fiat economies.

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Bitget Research analyst Ryan Lee told Cointelegraph that the memecoin drew new investors into the crypto space, many of whom don’t know how to properly evaluate cryptocurrencies as investments.

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According to James Thurber, founder of the Center for Congressional and Presidential Studies, the Trump family’s memecoins represent “shameful and major conflicts of interest.”

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The memecoin has sparked controversy about President Trump profiting from its alleged pro-crypto platform.

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The world’s first spot Bitcoin ETF saw an explosive debut with $564 million in AUM in just five days after the trading launch. Following the launch, Canadian crypto ETPs netted $4.2 billion in inflows in their first year of trading.

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The Canadian investment firm Purpose Investments launched its Purpose Bitcoin ETF in February 2021, making Canada the first country in the world to debut spot Bitcoin ETFs.

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