Ethereum (ETH) May Outperform Bitcoin (BTC) in Early 2025, Stating a Larger Altcoin Surge Within the Ecosystem

An analyst predicts that Ethereum (ETH) may outperform Bitcoin (BTC) in early 2025, potentially sparking a larger altcoin surge within the Ethereum ecosystem.

key takeaways:

An analyst predicts that ETH may outperform BTC in early 2025, potentially leading to a larger altcoin surge within the Ethereum ecosystem.

Bitcoin and Ether exchange-traded funds in the United States recorded $38.3 billion in net inflows for 2024.

The Internal Revenue Service introduces new regulations to enhance digital asset transaction reporting.

Animoca Brands’ co-founder Yat Siu's X account was hacked to promote a fake token amid rising reports of such incidents.

Cryptocurrency hacks surged by 40% in 2024, leading to over $2.3 billion in losses.

科技新闻摘要 (第二周)An analyst predicts that Ethereum (ETH) may outperform Bitcoin (BTC) in early 2025, potentially sparking a larger altcoin surge within the Ethereum ecosystem. In other cryptocurrency developments, Bitcoin and Ether exchange-traded funds in the United States have recorded $38.3 billion in net inflows for 2024. The Internal Revenue Service has introduced new regulations, requiring brokers to report digital asset transactions, specifically targeting front-end platforms such as decentralized exchanges. These rules are set to take effect in 2027.

In other news, Animoca Brands’ co-founder Yat Siu's X account was hacked and used to promote a fake token, indicating a rise in similar hacking incidents. Meanwhile, MicroStrategy is seeking shareholder approval to issue more shares to fund additional Bitcoin purchases. On a less positive note, cryptocurrency hacks have surged by 40% in 2024, amounting to over $2.3 billion in losses.

Bitcoin's price stands at $94,337, with Ethereum at $3,317, and the total market capitalization reaching $3.28 trillion. Among the top 100 cryptocurrencies, Bitget Token, Virtuals Protocol, and GateToken emerged as the week's biggest gainers, while Ethena, Ondo, and Aptos were the top losers.

Notable quotes this week include insights from Blockstream’s Adam Back and MicroStrategy's Michael Saylor on the future role of digital assets in the financial system. Additionally, Montenegro's Justice Minister has approved the extradition of Terraform Labs co-founder Do Kwon to the United States, a decision that follows a complex legal process. Meanwhile, uncertainties remain regarding Tether's compliance with upcoming European Union regulations.

James Howells, an IT engineer, continues his legal battle to recover a hard drive containing 8,000 Bitcoin, worth approximately $773 million, that he accidentally disposed of. His case highlights the enduring challenges associated with lost cryptocurrency assets.

Overall, these developments underscore both the growing integration of cryptocurrencies into the financial system and the ongoing challenges posed by regulatory changes and cybersecurity threats. A more detailed breakdown of the key events is provided below:

An analyst from Delphi Digital predicts that ETH may outperform BTC in early 2025, potentially leading to a larger altcoin surge within the Ethereum ecosystem. This prediction is based on the diminishing Bitcoin halving hype and the increasing attention shifting toward ETH and other altcoins.

According to the Securities and Exchange Commission, Bitcoin and Ether exchange-traded funds in the United States recorded a net inflow of $38.3 billion in 2024, a significant increase from the previous year's net inflows. Notably, ProShares Bitcoin Strategy ETF (NYSE: BITO) recorded inflows of $36.8 billion.

The Internal Revenue Service has introduced new regulations that will require brokers to report digital asset transactions to the agency. These regulations are primarily aimed at decentralized exchanges, which currently lack a clear legal definition. The new rules, set to take effect in 2027, stipulate that brokers must report transactions on platforms like Uniswap V3 and OpenSea.

Animoca Brands co-founder Yat Siu's X account was hacked and used to promote a fake token, sparking concerns over the rise in such incidents. The hackers reportedly gained access to Siu's X account, which showcases his digital asset collection and includes a Bored Ape Yacht Club NFT.

Animoca Brands co-founder Yat Siu's X account was hacked and used to promote a fake token amid rising reports of such incidents. Siu's X account, which showcases his digital asset collection and includes a Bored Ape Yacht Club NFT, was compromised by the hackers.

Amidst a broader cryptocurrency market downturn, cryptocurrency hacks surged by 40% in 2024, leading to over $2.3 billion in losses. This surge in hacks highlights the increasing vulnerability of digital asset platforms and the urgent need for enhanced cybersecurity measures.

Bitcoin's price stood at $94,337 during the second week of March, while Ethereum's price was at $3,317. The total