- It was the yr that was. What it was. Which is to say, it was 2024. That was the yr.
However that yr is gone. We’ve got turned the web page. We’re unburdened by what has been. And optimism within the crypto world is raging because the yr is now 2025. I suppose you possibly can say, it’s the yr that it’s.
We’re going to take at what was by revisiting the highest 24 crypto tales of 2024, what’s, and what very properly could possibly be, offering you extremely useful insights and a steaming pile of dangerous puns and pop jokes. As a result of that’s what we do.
Welcome to episode #758 of The Dangerous Crypto Podcast.
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ARTICLES MENTIONED IN THE SHOW:
Crypto Part
Market Replace:
The cryptocurrency panorama in 2024 was marked by important developments that formed the business’s trajectory. Listed here are the highest 24 cryptocurrency tales of the yr:
- Bitcoin Surpasses $100,000: In December 2024, Bitcoin reached an all-time excessive, exceeding $100,000, pushed by the approval of spot exchange-traded funds (ETFs) and optimism surrounding pro-crypto insurance policies from President-elect Donald Trump.
- Approval of Bitcoin Spot ETFs: U.S. regulators authorised Bitcoin spot ETFs, offering traders with direct publicity to Bitcoin and contributing to the cryptocurrency’s worth surge.
- Trump’s Professional-Crypto Stance: President-elect Donald Trump’s dedication to creating the U.S. a “crypto capital” and guarantees of diminished regulation fueled market optimism and funding within the crypto sector.
- Ethereum’s Continued Development: Ethereum maintained its place as a number one cryptocurrency, with important worth will increase and ongoing growth in decentralized finance (DeFi) purposes.
- XRP’s Authorized Victory and Worth Surge: XRP skilled a major worth improve following optimistic authorized developments, reflecting rising investor confidence.
- Launch of New Cryptocurrencies: The yr noticed the introduction of latest cryptocurrencies like Hyperliquid’s HYPE coin, which rapidly achieved a market cap of $6.4 billion.
- WazirX Hack: In July 2024, the Indian cryptocurrency alternate WazirX was hacked, ensuing within the lack of roughly $234.9 million, marking one of many largest crypto heists of the yr.
- Do Kwon’s Extradition and Authorized Proceedings: Do Kwon, founding father of Terraform Labs, was extradited to the U.S. and confronted authorized fees associated to the collapse of TerraUSD and Luna, highlighting regulatory scrutiny within the crypto area.
- Tether’s Monetary Development and Investments: Tether reported important earnings and diversified its investments, together with a $200 million stake in brain-chip maker Blackrock Neurotech.
- Quantum Computing Considerations: Developments in quantum computing, similar to Google’s new quantum chip, raised considerations concerning the potential to interrupt present cryptographic safety measures utilized in cryptocurrencies.
- Elevated Institutional Adoption: Main monetary establishments, together with BlackRock, really useful portfolio allocations to Bitcoin, signaling rising mainstream acceptance.
- Regulatory Developments in Australia: Australia launched new cryptocurrency laws aimed toward offering readability and fostering business development with out driving away digital asset companies.
- Bitcoin Mining Challenges: Crypto miners confronted elevated operational prices as a result of rising power costs and {hardware} bills, impacting profitability regardless of the general market rally.
- Surge in Meme Cash: Meme-based cryptocurrencies, similar to Dogecoin, skilled important market exercise, influenced by endorsements from public figures and speculative buying and selling.
- Developments in DeFi and AI Integration: The combination of synthetic intelligence into decentralized finance platforms led to modern monetary services and products, attracting elevated person engagement.
- Environmental Considerations and Sustainable Practices: The crypto business confronted ongoing scrutiny over environmental impacts, prompting initiatives towards extra sustainable mining practices and energy-efficient applied sciences.
- International Regulatory Scrutiny: Governments worldwide continued to guage and implement regulatory frameworks for cryptocurrencies, aiming to steadiness innovation with client safety.
- Rise of Central Financial institution Digital Currencies (CBDCs): A number of nations superior their exploration and pilot applications for central financial institution digital currencies, reflecting a rising curiosity in digital types of nationwide currencies.
- Elevated Deal with Safety and Fraud Prevention: The business emphasised enhancing safety measures and combating fraud, with collaborations between crypto companies and regulatory our bodies to guard traders.
- Development in Crypto Derivatives Markets: The growth of crypto derivatives markets offered traders with new instruments for hedging and hypothesis, contributing to market maturity.
- Instructional Initiatives and Public Consciousness: Efforts to coach the general public about cryptocurrencies and blockchain expertise elevated, aiming to demystify the area and promote knowledgeable participation.
- Technological Improvements in Blockchain Scalability: Developments in blockchain expertise centered on enhancing scalability and transaction speeds, addressing longstanding challenges within the business.
- NFT Market Evolution: The non-fungible token (NFT) market continued to evolve, with new use instances rising past digital artwork, together with actual property and mental property purposes.
- Neighborhood and Cultural Impression: The crypto group’s affect on tradition and society grew, with elevated participation in philanthropic efforts and social initiatives funded by means of cryptocurrency.
These tales spotlight the dynamic and quickly evolving nature of the cryptocurrency business in 2024, setting the stage for additional developments within the coming years.
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