Until recently, DeFi tokens have been largely labelled as "useless governance tokens", tokens which serve no value other than voting on protocol changes via governance voting rights.
Trump takes the Presidency and pushes Bitcoin to a new all-time high of A$115k. BlackRock leads Bitcoin ETFs to new milestone. RBA holds rates as inflation rises. Real Vision discusses a liquidity-driven crypto bull-cycle. Tether's Q3 profit hits US$2.5 billion. US job growth slows.
After a six-month hiatus, central banks are once again flooding the markets with liquidity as leverage and expectations reset, setting the stage for the next wave of the crypto bull market.
Prominent US investor, Paul Tudor Jones highlights gold and Bitcoin as essential hedges against inflation. Despite concerns over rising U.S. Treasury yields, Bitcoin options traders remain optimistic, betting on US$80K and a potential rise to US$200K by 2025.
The past six months have been tough for crypto markets, but a strong foundation is being laid beneath the surface of volatile prices and supply overhangs.
US spot Bitcoin ETFs recorded inflows of US$556M, the highest since June. Additionally, the Avalanche Foundation plans to repurchase nearly 2 million AVAX sold to Terra in 2022, while Canary Capital Group has filed for the first Litecoin ETF.