Here’s a summary of the latest activities in the cryptosphere from January 2, 2025:
1. Garanti BBVA to Implement Crypto Trading Using Bit2Me
- On the Cards: Spanish-owned Garanti BBVA plans to enable crypto trading through Bit2Me, Spain’s leading cryptocurrency exchange.
- Significance: This move aligns with the full implementation of EU MiCA regulations and reflects growing institutional interest in crypto offerings.
- Key Takeaway: More banks are expected to adopt crypto services in Q1 2025, driven by regulatory clarity and President-elect Trump’s pro-crypto stance.
- Trend: BBVA follows the path of Deutsche Bank and Société Générale, becoming the latest major bank to embrace crypto.
2. Switzerland Considers Bitcoin Constitutional Proposal
- Proposal: Swiss lawmaker Samuel Kullmann has proposed a constitutional amendment to include Bitcoin.
- Next Steps: The initiative requires 100,000 signatures to trigger a national referendum.
- Challenges: The Swiss National Bank remains skeptical about Bitcoin’s suitability for reserves.
- Momentum: Cities like Lugano already accept Bitcoin for tax payments, showcasing Switzerland’s gradual adoption of crypto.
3. Bio Protocol Listing on MEXC Confirmed
- Listing Details: Bio Protocol ($BIO) will list on MEXC on January 3, 2025, at 10:00 UTC. Deposits are open, and withdrawals begin on January 4, 2025.
- Tokenomics: The initial circulating supply is 1,296,529,168 BIO out of a total supply of 3,320,000,000 BIO.
- Sector: Bio Protocol aims to disrupt the Decentralized Science (DeSci) sector.
- Milestone: The listing follows the conclusion of its farming period on Binance Launchpool, which ended today.
4. China Tightens Crypto Trade with New Forex Rules
- Action: The State Administration of Foreign Exchange in China now requires banks to flag risky transactions, including those involving cryptocurrencies.
- Backdrop: Despite banning exchanges, ICOs, and mining, China holds 194,000 Bitcoins from seizures.
- CBDC Lead: China continues to lead in CBDC development, reflecting its mixed stance on crypto and blockchain innovation.
5. $KEKIUS Crash Triggered by Elon Musk’s PFP Update
- Impact: The token $KEKIUS experienced an 87% crash within 24 hours, dropping from $0.48 to $0.064, before rebounding to $0.10.
- Losses: A trader incurred a $910,000 loss after swapping $1.2 million in $PEPE for $KEKIUS.
- Lesson: The crash underscores the volatility of social media-driven markets and the risks of FOMO.
- Takeaway: Investors should avoid trading on hype, analyze market trends, and maintain clear strategies.
Stay Updated
The crypto market continues to evolve with regulatory developments, emerging market trends, and high-profile events shaping the ecosystem. Stay tuned for more updates!
Also Check:
- Bio Protocol Listing Date Confirmed for MEXC: Details Revealed
- Money Dogs Airdrop Listing Date & Bonus Launchpool Live – Join Now!
- Kekius Maximus Price Crash: How Elon Musk’s Move Crushed $KEKIUS
- Duck Chain Airdrop Criteria and Allocation Details Out
- Not Pixel Listing Date Not Expected in Q1 2025: $PX Tokenomics Overview