💵 Solana Breaks Records: 5 Billion TVL in Stablecoins!
Welcome to the Daily Tribune of Thursday, January 2, 2025 ☕️
Happy New Year to Cointribu! 🚀
Today, it is Thursday, January 2, 2025, and like every day from Tuesday to Saturday, we summarize the news from the last 24 hours that you shouldn't miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Sunny ☀️
24h crypto recap! ⏱
🇨🇭 Bitcoin, Future Strategic Asset of the Swiss National Bank?
Switzerland could soon integrate Bitcoin into the reserves of its National Bank (SNB), thanks to a proposal aiming to amend Article 99 of the Federal Constitution. This initiative, supported by figures like Giw Zanganeh (Tether) and Yves Bennaïm (2B4CH), reflects a desire to enhance national financial sovereignty. To reach the referendum, 100,000 signatures must be collected by June 2026.
However, concerns remain: Martin Schlegel, president of the SNB, raises concerns about the volatility and energy footprint of Bitcoin. While other nations are also exploring this path (United States, Poland, Brazil), this project could consolidate Switzerland's position as a leader in financial innovation, but still sparks debates over potential risks to economic stability.
🛑 Beijing Imposes Strict Surveillance on Crypto Transactions
China is tightening its control over crypto transactions by requiring banks to strictly identify the involved parties, especially to counter money laundering, cross-border gambling, and underground banks. These new rules, aimed at preventing the use of the yuan in crypto exchanges, add to an already strict legal framework.
Paradoxically, China holds 194,000 BTC (estimated at 18 billion dollars), which gives the country a key role in the global ecosystem despite its official opposition to cryptocurrencies. This hardening marks a turning point for the crypto industry in China, while also hinting at the potential for a future strategic shift, as suggested by influential figures in the sector.
💵 Solana Surpasses 5 Billion TVL in Stablecoins
In December 2024, Solana recorded impressive growth and reached a total of 5 billion dollars in TVL stablecoins. Mainly composed of USDC (4 billion $) and USDT (1 billion $), these assets reflect the growing confidence of users in the Solana ecosystem. Since 2023, Solana has established itself as a serious competitor to Ethereum, with an exponential increase in its TVL, rising from 1.4 billion to over 8.6 billion dollars in 2024.
The increasing adoption of stablecoins, combined with interest in memecoins and AI-related tokens, plays a key role in this expansion. This performance strengthens Solana's position as a central player in DeFi and the world of cryptocurrencies.
🌐 2025: Solana ETF, AI, and Hacking, Major Challenges for the Crypto Market
The year 2025 promises to be a turning point for the world of cryptos, marked by major advancements and complex challenges. The expected approval of a Solana-based ETF in the United States could transform the market, attracting more institutional investors and potentially propelling Solana to historic levels (goal: $750). At the same time, artificial intelligence is redefining trading with bots capable of analyzing and executing transactions in real-time, but it is also fueling sophisticated cyberattacks.
In 2024, losses associated with these attacks reached 2.3 billion dollars and demand technological and regulatory responses to secure the ecosystem. These dynamics illustrate the fragile balance between innovation, institutional adoption, and risk management.
Today's Crypto: Fartcoin (FARTCOIN)
Fartcoin is built on the Solana blockchain, known for its high transaction speeds and low costs, making it ideal for applications requiring high scalability.
The native crypto, FARTCOIN, is primarily used as a means of exchange in an ecosystem of humorous memes and AI-generated content. Distributed through an initial model including community airdrops and liquidity pools, it aims to retain its holders with rewards and exclusive benefits. Users can use it to access entertainment platforms, participate in games, or exchange NFTs related to humor.
This gamified approach adds a touch of lightness while generating engagement in the crypto ecosystem.
Recent Performances
Current Price: €1.29
Daily Variation: +28.87% (increase over 1 day)
Market Capitalization: €1.29 billion
Rank on CoinMarketCap: 83
Why Ethereum Risks Disappointing Again in 2025?
Ethereum shows mixed performance and struggles to compete with Bitcoin, which dominates the market.
In 2024, Bitcoin recorded a spectacular increase of 121.4%, mainly due to the approval of Bitcoin ETFs in the United States, which attracted 35.3 billion dollars in investments. In comparison, Ethereum only progressed by 46.3% with ETFs capturing 2.66 billion dollars. This disparity reflects a lower institutional attractiveness of Ethereum, exacerbated by the stagnation of its network, marked by a 1% decrease in the number of active validators over 30 days.
Some experts, like Markus Thielen from 10x Research, believe that this situation, combined with Ethereum's volatility, limits its potential in the short and medium term, despite an optimistic market for Bitcoin.
The technical updates of Ethereum, such as the Duncan upgrade in 2024 and the Pectra upgrade expected in 2025, have not had the expected impact. According to analysts, these adjustments come too late and fail to capture market opportunities, like the frenzy over memecoins. Among the 19 past updates, only two had a notable effect on the price of Ethereum. Although some traders foresee a rebound in the ETH/BTC ratio to 0.04, others are more pessimistic and anticipate a price range between 3,000 and 4,000 dollars for Ethereum in 2025. This lack of dynamism could open the door for competitors like Solana, which are gaining ground through faster and more tailored strategies.
Despite this complex context, Ethereum retains a solid foundation for evolution. Experts emphasize that its ability to regain competitiveness will depend on a bolder strategic positioning and a prompt response to market needs. However, if these efforts do not bear fruit, the prospects for 2025 will remain limited, preventing Ethereum from crossing the threshold of 5,000 dollars. In an ecosystem where Bitcoin continues to shine, Ethereum risks disappointing again if it fails to overcome its structural challenges and attract new institutional investors.
