What Happened in Crypto Today: Key Highlights from the Crypto Market
Bitwise Launches Bitcoin Standard ETF for BTC Holders
Bitwise is launching a Bitcoin Standard Company ETF targeting firms holding over 1,000 Bitcoins. The ETF, based on Bitcoin holdings rather than market capitalization, aims to capture the growing trend of Bitcoin adoption in corporate treasuries. Bitwise’s existing Bitcoin and Ethereum ETFs have shown strong performance, reflecting investor interest. The announcement comes as Bitcoin trades at $95,621.59, reinforcing Bitwise’s position as a leader in crypto asset management.
Crypto Market Down as Investors Await “Santa Rally”
What happened in the crypto market today reveals a struggle amid the holiday season, with the market cap at $3.33 trillion. Bitcoin fell to around $95,200, and Ethereum faces resistance at $3,500. The Fear & Greed Index shows waning enthusiasm, dropping from “Extreme Greed” to “Greed.” An upcoming Bitcoin options expiry worth $14.27 billion adds uncertainty. Despite bullish sentiment, investors remain cautious due to profit-taking, macroeconomic issues, and regulatory pressures. This real-time cryptocurrency news highlights the volatile nature of the market as it awaits a potential “Santa Rally.”
South Korea Sanctions 15 North Koreans for Crypto Thefts
In 27 December crypto news, South Korea sanctioned 15 North Korean IT organization members and one related group for financing Pyongyang’s nuclear weapons program via cybercrimes. The sanctioned agents allegedly secured funds for North Korea’s missile development and the DPRK’s Munitions Industry Department through overseas foreign currency-earning activities. This move follows a year where crypto hackers stole $2.3 billion in 2024, a 40% increase from 2023, with North Korean hackers blamed for over half the thefts.
BONK Drops 7% Despite $51M Token Burn Event
BONK, a dog-themed memecoin, fell 7% despite the “BURNmas” event that burned 1.69 trillion BONK tokens worth $51 million. The burn, accounting for 1.85% of the total supply, was meant to boost prices but failed amid broader market declines. Earlier burns saw success, but the recent delay in execution led to community frustration. BONK remains the fourth-largest memecoin, with a market cap of $2.3 billion, following Dogecoin, Shiba Inu, and Pepe. This reflects a broader trend of what happened in the crypto market today, indicating that even significant burn events may not always yield expected price increases.
Nodepay Secured $7M in Funding; Listing Ahead
NodePay, a blockchain platform, secured $7M in funding and is hosting an airdrop for its $NC token, expected to reach $1.5–$3 per token. Participants can join the Nodepay airdrop for free by signing up, activating their account, linking a wallet, and completing Proof of Humanity. The funding will enhance platform development, increase token value, and support global expansion. Don’t miss the Season 2 snapshot—act now to secure your rewards.
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