Crypto Chaos: Bitcoin ETF Outflows, Gen Z’s Trust Surge, and Sonic Labs’ New Blockchain! episode artwork

EPISODE · Dec 21, 2024 · 20 MIN

Crypto Chaos: Bitcoin ETF Outflows, Gen Z’s Trust Surge, and Sonic Labs’ New Blockchain!

from RARE BITS · host beatbroker

Bitcoin ETFs faced record outflows of $671.9 million, led by Fidelity's $208.5 million withdrawal, breaking a 15-day inflow streak. Ethereum ETFs also saw declines after 18 days of growth, signaling shifting investor sentiment amid market volatility. Bitget reported a 683% surge in Gen Z users in November, driven by optimism following the U.S. presidential election, which proposed a national Bitcoin reserve and eased crypto regulations. The Federal Reserve delivered its third consecutive 25 basis point rate cut, aiming for maximum employment and a 2% inflation target. Sonic Labs launched Sonic mainnet, an EVM-compatible blockchain with 10,000 TPS, instant finality, and developer-focused incentives. $TURBO, an AI-driven meme coin, is gaining traction, with forecasts for 2025 seeing it reaching $0.15

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Crypto Chaos: Bitcoin ETF Outflows, Gen Z’s Trust Surge, and Sonic Labs’ New Blockchain!

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