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- šļø Building Web3: 2024 Crypto recap š
šļø Building Web3: 2024 Crypto recap š
Bonus: Mainstream, Deal Flow and Meme City š«”
GM Builders. š§
Welcome back to the BW3 newsletter - the place where crypto chaos meets clarity (and a dash of humor) šØ
Hereās the line up today:
Crypto 2024 Recap: The Year of Blockchain āļø
Top Crypto in the Mainstream Spotlight š°
Deal Flow Friday š¼
BUT FIRST, letās take a moment to appreciate how far this industry has come!
CRYPTO 2024 RECAP: THE YEAR THE BLOCKCHAIN CROWNED ITSELF KING š
Crypto Got Everything It Wanted in 2024 ā And Then Some
Move over, Wall Streetācrypto just signed the lease on your penthouse. This year marked a seismic shift for the blockchain industry, which strutted out of the shadows of skepticism into the dazzling spotlight of mainstream acceptance.
š Bitcoin Hits Triple Digits
Bitcoin kissed the $100,000 mark after the election of Donald Trump, who has donned the "crypto savior" cape with promises of firing Gary Gensler and creating a national bitcoin stockpile. Holders are basking in a 126% YTD gain, with total crypto market cap swelling by $1.7 trillion. For those still holding gold, Larry Fink says, "Good luck!"
š¼ BlackRockās Big Moment
BlackRock's spot bitcoin ETF, IBIT, didn't just launchāit broke records, amassing $100 billion in AUM. "Bitcoin is gold 2.0," BlackRock CEO Larry Fink declared, proving that even Wall Streetās toughest nuts can crack under cryptoās allure.
šļø DC Gets a Crypto Makeover
Crypto PACs dropped $135 million in the election, and itās paying off. A pro-crypto Congress and promises of streamlined regulation have the industry humming. SEC Chair Gary Gensler is out, and crypto-friendly Paul Atkins is ready to roll.
š¤ FOMO Nation
Even crypto skeptics like Ken Griffin are caught in the tide. "We all have FOMO," he confessed, as Citadel peers over the blockchain fence. Meanwhile, Michael Saylor remains undeterred, buying bitcoin "at the top, forever."
Cryptoās Cinderella story of 2024 proves itās no pumpkināitās the chariot, and everyone wants a ride. But letās not pop the champagne just yetāWashington works slowly, and patience will be key in 2025.
TOP IN MAINSTREAM: TRUMP'S PRO-CRYPTO PLAYBOOK AND GLOBAL RIPPLE EFFECTS š
Crypto is officially center stage, and Trump is holding the spotlight. As the incoming administration lines up to deliver what many are calling a "wish list" for the blockchain industry, the narrative around crypto is shifting faster than ever.
š¹ The Wishlist Unfolds
From day-one executive orders to clear regulatory frameworks, the U.S. crypto industry is eagerly watching Trump's next moves. Industry insiders are betting on pro-crypto initiatives like stablecoin regulations and a national bitcoin strategy, potentially turbocharging adoption.
š¹ Putinās Bitcoin Bromance
Meanwhile, across the globe, Putin isnāt sitting this one out. Reports suggest Russiaās growing crypto embrace could complicate international sanctions enforcement. With Trump and Putin both leaning into digital assets, the geopolitical implications of crypto adoption are heating up.
š¹ "Enormous Vindication" for Crypto
Yahoo Finance reports that experts see Trumpās policies as a massive win for the industry, potentially validating years of effort to integrate crypto into mainstream finance. As Trump preps to take office, crypto firms are positioning themselves for what could be the most industry-friendly administration yet.
The worldās watchingāwill this be the year that crypto isnāt just mainstream but mandatory? One thingās for sure: the 2024 spotlight has never been brighter.
DEAL FLOW FRIDAY š¼
Hereās whatās been making waves in the latest funding rounds:
1ļøā£ Rumble
Type: Strategic
Raised: $775M
Category: Media, Social Network, Video
Backers: Tether
Rumbleās massive raise has us wonderingāNetflix, who?
2ļøā£ Beam
Type: Public Sale
Raised: $72M
Category: Avalanche Ecosystem, Gaming, Infrastructure
Backers: Avalanche fans, take noteāthis oneās aiming for the big leagues.*
3ļøā£ ChainOpera AI
Type: Seed
Raised: $17M
Category: AI, DApp, Layer 1
Backers: Finality, Road Capital, IDG Capital (+13 others)
Bringing the āAI meets blockchainā dream closer to reality.
4ļøā£ Trrue Chain
Type: Private
Raised: $10M
Category: Layer 1, Real-World Assets
Backers: Gem Digital
Real-world meets blockchain? This could get interesting.
5ļøā£ Avalon Labs
Type: Series A
Raised: $10M
Category: Bitcoin Ecosystem, DeFi, Stablecoins, Derivatives
Backers: Framework, Kenetic, SNZ (+10 others)
Layering in the Bitcoin ecosystem with a DeFi twist.
MEME CITY šļø
this is who weāre trading against š
ā lynk (@lynk0x)
1:59 AM ā¢ Dec 25, 2024
the problem is indians are making too much money
ā Frank (@frankdegods)
7:54 PM ā¢ Dec 25, 2024
Until Next Time Builders! šļø
May your bags be heavy, your airdrops plentiful, and your rug pulls non-existent.
And remember, every pump is just one tweet away from a dumpāso stay ready for the toliet š§
ONE LAST THING š¤ Please share this with your friends! Even just one share + new sub helps us grow and deliver better content to you š«”