Bitcoin ETFs hit $50b milestone, MicroStrategy expands holdings, Avalanche raises $250m | Weekly Recap

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As a seasoned researcher with a keen eye for financial trends and tech innovations, I find myself continually amazed at the pace of development in the crypto space. MicroStrategy’s inclusion in the Nasdaq-100 index is a testament to their bold and visionary approach towards Bitcoin adoption. It’s fascinating to witness such a dramatic transformation in a company’s fortunes within a single year, especially when it’s driven by a strategic decision as unique as accumulating BTC.

As a researcher delving into the dynamic world of cryptocurrencies, I’m excited to share some notable developments from this week: Institutional adoption of Bitcoin has seen a significant surge, with MicroStrategy making another substantial purchase of BTC, and Avalanche securing considerable funding. These events underscore the growing interest in digital currencies among established institutions and investors. Stay tuned for more updates!

MicroStrategy joins Nasdaq-100

  • MicroStrategy will be included in the Nasdaq-100 index starting Dec. 23, following a year that saw its stock value increase more than sixfold. The Nasdaq-100 index is up 29.4% in 2024.
  • The company’s performance and continued BTC accumulation strategy have cemented its position as the world’s largest corporate BTC holder.

Ripple’s stablecoin breakthrough

  • Ripple received final approval from the New York Department of Financial Services to launch its RLUSD stablecoin, targeting the $200 billion global liquidity market.
  • CEO Brad Garlinghouse emphasized that official RLUSD launch announcements would come directly from Ripple, warning users about potential scams.

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2024-12-15 19:29