0xScope Newsletter #74: Our Year-End Message
Also: We discuss recent holiday-related outflows from Bitcoin ETFs, six new Binance Futures listings, and more, as we close out 2024 with a message of thanks.
0xScope in 2024: Milestones and Year-End Message
Here's a brief message from 0xScope CEO Phillip Torres to the 0xScope community as 2024 draws to a close:
“I want to take this opportunity to thank everyone who has supported us over the past year: individuals who used our products, institutions that trust our data, investors who helped fuel our growth, and more. More importantly, we appreciate your invaluable feedback, which has helped us make our products better and more useful for everyone.
Looking ahead to next year, we are excited to unveil even more features designed to enhance your crypto experience. With our continued development of the LMK crypto copy-trading platform, plus several new features for our existing services, 0xScope will continue to deliver Web3- and AI-powered data and alpha to all. May you all have a wonderful 2025 ahead!"
For the full message and a look back at the milestones that 0xScope and the Web3 history have reached in 2024, read this new article.
On-chain Data
Holiday sell-off causes $146.4M flow out of BTC ETFs
This week, Bitcoin failed to recapture the $100,000 price level, managing instead to float around the $96,000 level after an up-and-down market. IBIT, usually the biggest source of inflows, led ETFs in net outflows this time with $157M. Meanwhile, ARKB brought in $96.2M, shrinking its total outflows for this month to $52.6M.
Binance has no new Spot listings, but 6 on Futures
Binance took a break from listing new tokens in its Spot trading service this week, but also kept on adding Futures contracts for the following tokens: AI-related projects aixbt by Virtuals ($AIXBT) and ChainGPT ($CGPT), recently popular memecoin Fartcoin ($FARTCOIN), DeFi platform Kamino ($KMNO), Layer-1 blockchain network Hive ($HIVE), and crypto governance platform DeXe ($DEXE).
$AIXBT, built on Base and created just last month, had the most favorable price action on Binance Futures among the recent listings. Earlier this week, the AI-related token hit its record high of $0.37, partly resulting from its recent Binance Futures listing, and has since stayed close to this value. Meanwhile, fellow AI-related token $CGPT is gaining positive sentiments from KOLs who are encouraging investors to accumulate and hold the token and other low-cap gems in the narrative.
Perhaps the most hyped among these newly listed tokens is $FARTCOIN, whose market cap crossed the $1B mark this month, after being created just this past October. Among KOLs, there is also talk of creating a DAO called "MicroFlatulency" aimed at accumulating Fartcoin creatively. Meanwhile, an address reportedly made $13.36M in profit from Fartcoin, following a transaction involving $691,000 worth of memecoins.
Company Announcements
Subscribe to Scopechat Pro
Scopechat Pro is our new membership system for a next-level AI-powered crypto trading experience. With Scopechat Pro, you can enjoy the following benefits for as little as $14/month for the annual plan!
Subscribe to Scopechat Pro today! Pay using your credit card, Scopepoints, or crypto (we support Ethereum, Arbitrum, Base, and Optimism networks).
Be the Next 0xScope Ambassador!
0xScope is looking for talent! Passionate about growing your community and showcasing your investigation skills? Become a 0xScope Ambassador, lead the charge, and get a chance to be featured here! If you think you are a good fit or know somebody who is, please reach out at hr@0xscope.com.
Quick Bites
MicroStrategy goes on $11B holiday shopping spree in record Bitcoin binge - LINK
Bitcoin ETFs, MicroStrategy, whales spur 3x jump in private BTC transactions - LINK
Bitcoin kimchi premium spikes as South Korea's political turmoil escalates - LINK
BTC could rebound in ‘coming days’ as metric signals growing buy pressure - LINK
Memecoin degens raise millions for rare cancer research after a father’s plea - LINK
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