People all over the world are ready to ring in 2025 with fireworks and big parties. It's time for U.Today to remember the major cryptocurrency news stories that defined 2024.
12. Kapuso, face of Doge meme, dies (May)
Kapusothe dog behind the legendary Doggie meme, died in May at the age of 18.
The world's most famous Shiba Inu dog, which was single-handedly responsible for popularizing the Japanese breed of dog, was adopted from a dog farm before turning into an internet celebrity.
the Doge The meme inspired the cryptocurrency Dogecoin, which is currently valued at $47 billion.
The DOGE meme token saw a huge rally in 2024, rising more than 250%.
11. Ripple launches RLUSD stablecoin (December)
Although it is still embroiled in a legal battle with the US Securities and Exchange Commission (SEC), San Francisco-based Ripple has entered the stablecoin sector through its own company. RLUSD Token.
The stablecoin, which prides itself on its regulatory compliance, will compete against existing market leaders such as Tether (USDT) and Circle's USDC.
10. Celebrity Coin Mania (May)
Iggy Azalea She was the last girl in the summer of 2014 with her hit song "Fancy", becoming the first artist since the Beatles to simultaneously hold the top two spots on the Billboard Hot 100 chart.
The Australian rapper's mainstream career fizzled out in a short period of time. However, in 2024, it launched a meme coin based on Solana, which peaked its market capitalization at $250 million.
Aside from Azalea, many other D-list celebrities have jumped on the short and controversial celebrity coin trend.
9. Bitcoin selling spree in Germany (July)
Saxonya German state, angered Bitcoin users by going on a massive sell-off this summer.
In early 2024, Germany ended up among the largest holders of Bitcoin after local police seized a whopping 50,000 Bitcoin from a now-defunct movie piracy website. However, she continued to filter it all out.
Then Bitcoiners started to take victory after the price of Bitcoin surged later in 2024.
8. Documentary about Satoshi on HBO
The cryptocurrency industry has seen more mainstream attention with the recent release of HBO's much-talked about Satoshi documentary.
What was promoted as a big reveal ended up being a huge flop. The documentary claimed that Canadian developer Peter Todd was the man who started it all.
Documentary film to fail To bring anything new to the table, especially retrieving old information.
7. Bitcoin Halving (April)
Bitcoin had something else going for it Half quadrilateral on April 19, with the block reward eventually being reduced to 3,125 BTC.
The halving event was accompanied by concerns about the sustainability of the Bitcoin mining industry. Due to the small size of the rewards, small miners found it more difficult to make a profit.
Those who were betting that Bitcoin prices would rise after the halving were right again. Although correlation does not necessarily mean causation, this is the fourth time that the cryptocurrency has ended up rising in the same year that it underwent a block reward reduction.
6. Mt.Gox installment payments finally start (July)
the Jebel Gox drama It has been hanging over the Bitcoin space like the Sword of Damocles for a decade.
The undisputed market leader's demise came after a massive hack that led to the loss of nearly 750,000 Bitcoin in early 2014.
While creditors were desperate to get their coins back, the market was also haunted by fear of strong selling pressure.
In July, Mt.Gox finally started making payments, causing a short-lived market collapse. However, contrary to some expectations, Mt.Gox creditors did not rush to sell tokens en masse.
5. Former CEOs of FTX and Binance go to prison
The stunning fall of someone who was supposed to be the next Warren Buffett has been widely covered for years.
The FTX saga continues into 2024, with former CEO Sam Bankman-Fried sentenced to 25 years in prison in March.
Former Binance CEO, CZ, also received a four-month prison sentence that he had to serve at Lompoc II, a low-security correctional facility located in California.
4. MicroStrategy's market capitalization reaches $100 billion (November)
Accurate strategy It became one of the biggest success stories of 2024. The company's shares rose by a staggering 500%, significantly outperforming Bitcoin.
MSTR continued to reach a new record high, surpassing the peak set by the business intelligence company during the height of the dot-com bubble in March 2000.
After its stunning comeback, MicroStrategy is close to overtaking chip giant Intel in terms of market capitalization despite being an obscure and little-known company just a few years ago.
MicroStrategy co-founder Michael Saylor ended up becoming one of the biggest celebrities in the investing world, approaching four million followers on X.
Meanwhile, Saylor's debt-for-Bitcoin strategy has also become the target of growing skepticism.
3. Gary Gensler's resignation announcement (November)
The SEC chief has emerged as the chief enemy of the beleaguered cryptocurrency industry due to his legal battles with major cryptocurrency players such as Coinbase, Binance, and Ripple.
for him Resignation announcement It was met with widespread cheer in the cryptocurrency space in December.
The cryptocurrency industry hopes that Gensler's replacement will mark a more friendly stance after intense lobbying.
2. Bitcoin reaches $100,000 (December)
The leading cryptocurrency has finally managed to rise to six-figure territory On December 5th.
Although this achievement was somewhat anticlimactic, it was still a testament to the resilience of emerging assets.
This new rate came a few months after the Federal Reserve cut interest rates for the first time in years.
The cryptocurrency also rose on expectations of friendlier regulatory policies in the United States
1. Bitcoin ETFs Launched (January)
Debut for Bitcoin ETFs Help define the bullish narrative for cryptocurrencies for 2024.
The cryptocurrency community was watching in amazement as these products were breaking new milestones, waking up to the incredible inflows being recorded by BlackRock's highly successful iShares Bitcoin Trust ETF.
Recently, they collectively surpassed Satoshi Nakamoto in terms of total Bitcoin holdings.
Bitwise has done that anticipation These products will attract greater flows in 2025.
a happy new year! U.Today wishes you a prosperous and joyful 2025!
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