Do as the Romans do… okay, okay, I’ll stop with the obscure references to bygone empires. The clichés carry meaning though. All signs are pointing toward a bullish end to the year for risk-on assets like crypto. Money supply continues to steadily grow and a US rate cut appears imminent. We’re seeing signals like the famous gold rotation (when gold runs, Bitcoin often follows) and exchange balances hitting their lowest point in almost a decade.
These roads typically lead to one place — however, there are bearish signs to be aware of.
The infamous 4-year cycle is due to close any day now, signalling the beginning of the next bear market. But if everybody knows a cycle is due to end… is it still a cycle?
Now for the Romans themselves: Institutional money continues to flood into crypto, with Ethereum and stablecoins leading the way. New alt-coin ETFs are launching, and real-world asset tokenisation (stocks, commodities, etc.) remains a very strong narrative, with several new projects commanding significant inflows, around $500m per day for the leaders.
The market still largely hinges on major economies’ fiscal policy. With consumer confidence continuing to fall globally, Bitcoin faces an interesting identity-defining moment: A flight to safety, or a risk-on asset?
Letter from the trenches
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Crypto News
Solana, Litecoin, Hedera ETFs to launch This Week
Crypto markets may see another wave of exchange-traded fund debuts this week, with Solana, Litecoin and HBAR funds appearing in US exchange listings ahead of a potential launch on Tuesday. According to Bloomberg analyst Eric Balchunas, US exchange listing notices have appeared for Bitwise’s Solana (SOL) ETF and Canary’s Litecoin (LTC) and Hedera (HBAR) ETFs, with the funds slated to go live on Tuesday.
JPMorgan Plans to Accept Bitcoin as Loan Collateral
After years of tense relations between cryptocurrency and traditional finance, a symbolic shift is emerging within the world’s largest bank. According to reports, JPMorgan is preparing to allow institutional clients to use bitcoin and ethereum as collateral for cash loans. A third-party custodian will safeguard the pledged tokens to ensure risk compliance. The plan is expected to launch by the end of 2025.
Trump pardons founder of Binance: “The war on crypto is over.”
Donald Trump issued a pardon for the founder of the world’s largest cryptocurrency exchange on Thursday. President Trump exercised his constitutional authority by issuing a pardon for Mr Zhao, who was prosecuted by the Biden administration. Changpeng Zhao pleaded guilty in late 2023 to one count of failing to maintain an anti-money laundering program and stepped down as CEO of Binance, which paid $4.3bn to settle related allegations. He was sentenced to four months in prison.
Disclaimer: The information contained in this blog is general in nature and is provided for informational purposes only. It does not constitute financial, legal, or tax advice, and should not be relied upon as such. Block Earner does not guarantee the accuracy or completeness of any information presented. You should consider your own personal circumstances and seek professional advice before making any financial or investment decisions. Past performance is not indicative of future results. All investments carry risk.
