GM! Today we have seen Bitcoin return to $100,000, although according to Coindesk, this new rise is overshadowed by the failed coin launched by the girl Hawk Tuah…
But today is also the Bicol Blockchain Conference, the annual conference south of Manila that celebrates the region’s contributions to the national blockchain scene. One of the highlights for me will be crypto thought leader Luis Buenaventura’s keynote titled “Are we going to be rich this 2025?”
Follow the BitPinas facebook page and Twitter to see the news from today’s conference.
Onward with today’s news!
Market analysis and updates 📈
Here are the most notable cryptocurrencies of the day:
Cryptocurrency price update
- Bitcoin (BTC): $100,357.23, an increase of 3.1% in the last 24 hours.
- Ethereum (ETH): $4,017.35, an increase of 4.1% in the last 24 hours.
- Solana (SUN): $236.33, 0.8% less than the previous day.
Trending Coins Update
- Through the protocol: $1.11, an increase of 9% 1.5 from the previous day.
- but you: $0.0739, a decrease of 5.8% in the last 24 hours.
- evan: 0.0567 dollars, 27.7% more than the previous day.
For daily price updates, check out our post on Facebook.
Bitcoin ETFs Overshadow Satoshi Nakamoto’s Holdings
US Spot Bitcoin Exchange Traded Funds (ETFs) have collectively surpassed the estimated holdings of Bitcoin creator Satoshi Nakamoto.
- As of December 2024, these ETFs hold over 1.1 million BTC, surpassing Nakamoto’s alleged stash of around 1.1 million BTC.
What is the meaning? Today, Bitcoin has solidified its role as a mainstream financial asset that, fortunately or unfortunately, was not really the original as to why it was created.
The numbers:
- bitcoin ETFs recorded record inflows of $766 million on December 5, bringing total holdings to approximately 1,104,000 BTC.
- BlackRock’s iShares Bitcoin Trust leads the pack, holding more than 500,000 BTC, or about 2.38% of the cryptocurrency’s circulating supply, according to Decrypt. reported.
- Analysts They predict that Bitcoin ETFs could overtake gold ETFs in assets under management by the end of the year if current trends persist.
What’s next? At least for regular traders and investors, the key is whether Bitcoin can stay above $100.
For companies In the crypto industry, it’s all about whether the regulatory clarity promised by the new US administration will actually be delivered.
Philippines Crypto News 🇵🇭
- YGG shared A beginner’s guide to YGG Onchain Guild.
- Bicol Blockchain Community highlighted the speakers of your next BBC 2024.
- Nelson Lumbres, The co-founder of ICP Hub PH, talk at the DEVCON Summit 2024 at the University of Batangas, Lipa Campus.
Worthy of mention 🌟
Key updates and announcements from around the world of cryptocurrencies and blockchain:
- Vladimir Putin fixed that Bitcoin cannot be banned, recognizing its role as an unrestricted digital asset amid ongoing sanctions against Russia.
- Binance BNB token reached a new all-time high of $788, driven by a broader crypto market rally.
- YouTube Views of Crypto Influencer Content reached a 12-month high of 4.72 million in the week of November 25.
Educational Corner 🎓
- Following the recent completion of the Philippines’ pilot tests for its central bank digital currencies (CBDC), discover the report on the current number of countries exploring CBDC.
- According to a 2023 BitPinas article, 131 countries were exploring or had developed CBDCs, and 11 had fully implemented their systems.
Regulatory surveillance 📜
Stay informed on the latest regulatory updates and what they mean for you:
- President-elect Donald Trump has nominated former SEC commissioner Paul Atkins to chair the agency.
- The Australian Securities and Investments Commission (ASIC) proposes Updated crypto rules, offering clarity and temporary relief for compliant businesses.
- Circle subsidiary commits to Canadian VRCA rules, ensuring compliance and market presence of USDC.
Meet Ramón Tayag: He has been a cryptocurrency advocate since 2012.
- He is the chief technology officer and co-founder of BloomX.
- He has also been actively involved in attending web3 events and speaking about the industry; previously spoke at the PH Web3 Summit discussing the impact of the FTX collapse.
- Tayag was also a guest on episode 18 of the BitPinas Webcast.
More news about Web3 and AI 💡
Discover the latest in web3 and AI innovation.
- pancake swap launched SpringBoard, a no-code token launch platform on the BNB chain, offering easy token creation with customizable settings and no launch fees.
- Solana-based stablecoin project ISC Money is closing most of their operations because they failed to find product-market fit.
- Torram insured Strategic support from Blockchain Founders Fund (BFF) to develop institutional-grade decentralized finance (DeFi) infrastructure on Bitcoin
The future of web3 is games and here you have the latest news.
- infinite axie launched the Axie Adoption Center, which allows new players to adopt Axies for free by completing quests and earning points.
- Ubisoft Captain Laserhawk: The GAME. offers a free minting of 10,000 Niji Warrior ID NFTs on December 11, 2024.
- xai is launch $55 “Tiny Sentry Keys” to provide accessible rewards within its Ethereum-based gaming ecosystem, available for purchase starting December 9.
Event announcements 📅
Don’t miss it: Upcoming events, webinars and meetups in the crypto space in the Philippines!
Stay connected:
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This article is posted on BitPinas: Bitcoin ETFs Overshadow Satoshi Nakamoto’s Holdings | Key points | December 7, 2024
