World’s Digital Identity Network Reaches 10 Million Users
Formerly known as Worldcoin, World has announced that it has verified 10 million users on its digital identity network that provides identity verification using biometric data. The project aims to address the challenges that arise with rapid AI development, as well as enable ethical and scalable AI interactions. However, Worldcoin has faced regulatory challenges in several countries due to privacy and data protection concerns. Countries such as Kenya, Spain, Portugal, and Hong Kong have banned or suspended operations, citing the risks of biometric data collection. In September 2024, South Korea fined the company for allegedly violating personal data protection laws.
Ammon Simon Named General Counsel to Senate Banking Committee
Ammon Simon has been appointed as the new General Counsel to the U.S. Senate Banking, Housing, and Urban Affairs Committee. Simon, who previously served as an advisor to SEC Commissioner Hester Peirce, is known for her expertise in cryptocurrency and financial technology regulatory policy. Simon’s new role is to guide crypto regulation, encouraging innovation while ensuring investor protection. Simon’s appointment is a notable step in the industry as the Senate Banking Committee works to integrate digital assets into traditional financial systems.
Spot Bitcoin ETFs Hit Record Highs on Anniversary
Spot Bitcoin ETFs have enjoyed great success in their first year in the U.S., with four funds ranking in the top 20 ETFs by assets under management (AUM). BlackRock’s IBIT led the way with $52 billion in AUM, while Fidelity’s FBTC came in fourth with $20 billion. 21shares and ARK Invest’s ARKB completed the list with $4.4 billion, while Bitwise’s BITB completed the list with $4 billion. Spot Bitcoin ETFs surpassed gold ETFs in their first year, reaching a total inflow of $37 billion and surpassing gold ETFs in terms of AUM. IBIT and FBTC represented more than 4% of global fund inflows. Bitcoin ETFs have grown rapidly and have gained an important place in the investment world.
CleanSpark Crosses 10,000 BTC Threshold
US-based Bitcoin mining firm CleanSpark has achieved great success by crossing the 10,000 BTC threshold. The company’s Bitcoin reserves have grown by 236% annually, with revenue from its US operations alone. CleanSpark CEO Zach Bradford attributed this success to effective and responsible growth strategies. The company continues its strategy of preserving its reserves while keeping Bitcoin sales to a minimum to cover operating expenses. CleanSpark; According to BitcoinTreasuries data, it ranks fourth after MARA Holdings with 44,893 BTC and Riot Platforms with 17,722 BTC. In the Bitcoin mining sector, the approach of preserving reserves stands out as a priority strategy.
New Hampshire and North Dakota Take Steps for Bitcoin Reserves
New Hampshire and North Dakota have proposed technology-neutral laws aimed at creating Bitcoin reserves in state treasuries. The bills aim to prepare the infrastructure for integrating crypto assets like Bitcoin into economic strategies. North Dakota recommends adding digital assets and precious metals to investment portfolios, while New Hampshire is emphasizing Bitcoin by introducing eligibility criteria for assets with a market value of over $500 billion.
CFPB Takes Steps to Protect Crypto Users
The U.S. Consumer Financial Protection Bureau (CFPB) has proposed a new rule to protect crypto users. With this rule, crypto service providers would be obligated to compensate users for funds lost as a result of fraud or theft. The CFPB stated that this regulation will be shaped in line with public feedback and will continue to collect comments until March 2024. It is stated that the new rule could provide additional protection against the $3 billion loss lost to cyberattacks in 2024. However, some experts warn that regulation could mean excessive intervention in the crypto sector.
Record Interest in Crypto from Advisors in 2024
According to a report by Bitwise and VettaFi, 96% of financial advisors received crypto-related questions from their clients in 2024, compared to 88% in 2023. The share of advisors allocating crypto has doubled in a year, rising to 22%. 99% of advisors plan to increase or maintain their crypto holdings in 2025. Developments such as the US elections and the Trump administration’s crypto-friendly policies, as well as Bitcoin reserve plans, have given the sector positive momentum. Still, regulatory uncertainty (50%) and volatility (47%) remain obstacles. The report emphasizes that consultants’ confidence in Bitcoin’s long-term potential has increased, with 10% predicting that the price could exceed $1 million by 2030.
Bitcoin and Security Reforms Revitalize Tourism in El Salvador
El Salvador increased its number of tourists by 22% in 2024, reaching 3.9 million, with the adoption of Bitcoin as legal currency and security reforms. Improved infrastructure and increasing US visitors supported this growth. Although the agreement with the IMF limits the use of Bitcoin, the government continues to increase its strategic reserves with daily BTC purchases.
Home Heating and Bitcoin Mining Devices from Canaan
Canaan introduced its latest Bitcoin mining devices, the Avalon Mini 3 and Nano 3S, at CES 2025 and emphasized user-friendly, sustainable technology. The Avalon Mini 3 has a hash rate of 37.5Th/s, combining high-performance mining with home heating, and features an energy-efficient design that recycles computational energy. The Nano 3S, on the other hand, is designed for Bitcoin mining beginners with a hash rate of 6Th/s. These devices highlight Canaan’s vision of creating practical, multi-purpose technology while minimizing environmental waste. This trend follows similar innovations in the past that include repurposing mining devices for home heating and industrial applications.
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BITCOIN (BTC)
BTC is priced at $94,454 as of this morning hours, down 0.17%. The price has retreated back to the Fibonacci retracement levels since the last upward move. The Fibonacci 50% level of 96,027.15; While the resistance level is 92,500.90, the support level below stands out. It is currently observed that the price is in a horizontal consolidation zone. If the price breaks the resistance level of 96,027.15, there may be room for upward movements and the level of 99,657.40 may be the next target. However, if the current support level at 92,500.90 breaks to the downside, the price is likely to pull back to the lower support level at 90,886.33.
ETHEREUM (ETH)
ETH is priced at $ 3,265 as of the morning hours with a 1.46% gain in value. The price tested a previously broken support level around 3,370 and was rejected from here. The price is currently in a support area near 3,220.55. On the upper side, the 3,550 – 3,600 region appears as a strong resistance area. In order for the price to reach this region, it must first break the current horizontal resistance zone at 3,370. If this happens, the next target could be 3,829.69. On the downside, if the current support level of 3,220 is broken, the price can be expected to move towards the next support level of 3,130 – 3,150. This level could act as significant support, overlapping with previous lows.
RIPPLE (XRP)
XRP is priced at $ 2.51 as of the morning hours with a 0.27% gain in value. XRP, which broke the $ 2.4733 resistance with the increase over the weekend, started the new week with an increase. In order for XRP to continue its upward streak, it will be critical for it to break the resistance zone of $ 2.6020 – $ 2.6747. Then, the $ 2.7864 level can be expected to work as a resistance. In case of possible negative movement, the $2.4733 level, which it tested over the weekend and encountered buyers, can be expected to work as support. If this level is broken and maintained below, the 2.3645 and then the 2.2709 levels appear as the next support positions. Therefore, it is important for investors to carefully monitor the identified critical support and resistance levels.
AVALANCHE (AVAX)
AVAX is trading at $ 35.37 as of the morning hours with a 3.31% loss in value. AVAX, which showed movement in a horizontal band over the weekend, started the new day with a negative movement and is moving just below the support level. If it remains below the $ 35.50 support level, our first support level will be 34.31 with a downward movement, and if this level is broken, a decline to $ 33 may be seen. For a possible positive movement, it will be important to maintain stability above $ 35.50. Then 37.29 appears as a resistance area where sellers are intense. Above this level, 38.84 appears as the next resistance level. Therefore, it is important for investors to carefully monitor the identified critical support and resistance levels.
SOLANA (SOL)
SOL is priced at $ 184 as of the morning hours with a 2.34% loss in value. SOL, which showed negative movement over the weekend, started the new week negatively as well. In the continuation of the negative trend, the $ 183 level appears as the first support level. If this level is broken and remains below, the $ 177 – $ 173 band appears as the area where buyers are concentrated. In case of a possible positive trend, it will be important to break the $ 187.24 – $ 191.26 band first. Then, $ 194.20 and $ 199.48 can be met as the next resistance levels. It will be important to closely monitor the support and resistance levels for the direction.
