🌙 Bitcoin Turns 16 🥳

It’s Bitcoin’s birthday 🎂: The very first Bitcoin block was mined 16 years ago today. And the network is stronger than ever, with mining difficulty reaching a new all-time high

Author

Mike Gavela
January 03, 2025

Crypto Roundup - January 3

Bitcoin's mining difficulty hit an all-time high, reaching 63.73 trillion, a notable milestone coinciding with the 16th anniversary of Bitcoin's creation by Satoshi Nakamoto. This highlights the growing computational power of the network and reflects increased interest and activity among miners. Meanwhile, BlackRock's Bitcoin ETF faced record-high outflows of over $200 million as investors moved to secure profits amidst Bitcoin's recent price surges. This suggests both confidence in Bitcoin's liquidity and strategic profit-taking by institutional players. On a lighter note, the Solana-based meme coin Fartcoin has skyrocketed over 600% in the past month, achieving a $1.5 billion market cap just two months post-launch. Its rapid rise underscores the ongoing speculative appetite in crypto markets, particularly for niche, meme-driven projects.

Top Stories

  • Bitcoin's mining difficulty hits a record 63.73 trillion on its 16th anniversary, reflecting heightened network activity and security.

  • BlackRock's Bitcoin ETF sees over $200 million in outflows as investors cash in on recent Bitcoin gains.

  • Solana meme coin Fartcoin rises 600% in value, hitting a $1.5 billion market cap within two months of launch.

TOP STORIES

Bitcoin Mining Is Now Harder Than Ever—16 Years After Satoshi Started It All - Decrypt

Satoshi Nakamoto mined Bitcoin's genesis block 16 years ago today. Now, mining the cryptocurrency has never been more difficult.

decrypt.co/299475/bitcoin-mining-difficulty-peak-16th-birthday-satoshi

BlackRock Bitcoin ETF Sees Record-High Outflow Thanks to Profit Taking - Decrypt

BlackRock's iShares Bitcoin ETF saw its biggest 1-day outflow yesterday as shareholders took profits to the tune of $333 million.

decrypt.co/299417/blackrock-bitcoin-etf-sees-record-high-outflow-thanks-to-profit-taking

Solana meme coin Fartcoin hits new all-time high, market cap tops $1.5B

Solana meme coin Fartcoin hits a new high with a $1.5B market cap within two months, reflecting AI meme coin market momentum.

cryptobriefing.com/solana-meme-coin-fartcoin

FUNDRAISING

OTHER HEADLINES

Memecoin Rally Driven by Dogecoin, Fartcoin, and Bonk Sparks 15% Market Surge - "The Defiant"

Gains in Dogecoin, Fartcoin, and Bonk helped drive the memecoin market to a 15% surge in market capitalization on Jan. 3, outperforming the broader cryptocurrency market.

thedefiant.io/news/markets/memecoin-rally-driven-by-dogecoin-fartcoin-and-bonk-sparks-15-market-surge

Solana Is Now 'Quantum Resistant'—What Does That Mean? - Decrypt

Developers have implemented a cryptographic technique to protect Solana's network from future quantum threats. Here's what you need to know.

decrypt.co/299511/solana-quantum-resistant-what-mean

Aave proposal to peg Ethena's USDe to USDT raises concerns

While keen to avoid being labeled as a stablecoin, Ethena's USDe is being used as such across some of DeFi's biggest players.

protos.com/aave-proposal-to-peg-ethenas-usde-to-usdt-raises-concerns

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