Crypto Compass by BitcoinWalletSG #104

Hello Fam,

As we step into 2025, the crypto space is buzzing with momentum and innovation. This year promises to redefine the boundaries of digital finance, with institutions and governments exploring Bitcoin as a strategic reserve, stablecoins revolutionizing global trade, and artificial intelligence reshaping blockchain ecosystems.

With regulatory clarity on the horizon and new technologies unlocking untapped potential, 2025 is set to be a pivotal year for crypto enthusiasts and investors alike. Let’s dive into the major narratives shaping this exciting chapter!

Czech National Bank Governor Considers Bitcoin for Reserves

Czech National Bank Governor Aleš Michl has floated the idea of including Bitcoin in the country's foreign exchange reserves as part of a diversification strategy, though the central bank has no immediate plans to act on it. While the bank aims to increase gold holdings to 5% of total assets by 2028, Michl's openness to Bitcoin reflects growing global interest in cryptocurrency as a potential reserve asset alongside gold, driven by Bitcoin's significant returns compared to traditional assets.

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Ripple Sees Surge in TradFi Clients Amid Pro-Crypto Trump Administration

Ripple CEO Brad Garlinghouse revealed a sharp increase in traditional finance clients engaging with crypto since Donald Trump’s election victory. Ripple signed more new clients in six weeks post-election than in the previous six months, reflecting renewed confidence from Wall Street. With pro-crypto appointments in key government roles and a lower regulatory risk environment, the Trump administration has spurred optimism in the crypto industry, marking a stark shift from years of regulatory challenges under Biden's SEC.

Arthur Hayes Predicts "Trump Pump" Bull Market Through March

Former BitMEX CEO Arthur Hayes adjusted his earlier market outlook, predicting the ongoing "Trump pump" crypto bull cycle to persist until mid-to-late March 2025. Citing a surge in dollar liquidity driven by the Federal Reserve's declining Reverse Repo Facility and U.S. Treasury spending, Hayes believes these factors will outweigh potential policy letdowns from the Trump administration. Maelstrom, Hayes' family office, has ramped up investments in decentralized science (DeSci) tokens, aligning with Hayes’ bullish sentiment despite looming risks like the debt ceiling and tax deadlines.

Happenings of the week

• Bitcoin and Ethereum ETFs attract $1B in daily inflows

• Do Kwon case involves over an estimated 1 million victims

• Hong Kong scam group caught using deepfakes to impersonate rich women

• CryptoPunk 4757 with hoodie and pipe sells for 125 ETH ($455k)

Yat Siu Predicts Stablecoins, Memecoins, and Web3 Gaming to Lead 2025 Crypto Adoption

Yat Siu, co-founder of Animoca Brands, predicts 2025 as a transformative year for crypto adoption, driven by stablecoins, memecoins, and blockchain gaming. He likens stablecoins’ efficiency in global trade to the impact of broadband internet in the 1990s, noting their growing indispensability in industries like supply chain finance. Siu also envisions memecoins evolving into ecosystems with cultural and community value, while NFTs shift from standalone assets to integral parts of broader platforms. On gaming, Siu remains optimistic about Web3’s potential to merge culture, community, and ownership, foreseeing games where blockchain benefits seamlessly enhance user experience.

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