Crypto & Blockchain Daily Brief Wednesday, January 15, 2025

Despite the recent heavy price drawdown of Bitcoin, the number of fresh addresses holding the cryptocurrency is steadily increasing. According to data from Glassnode, the number of new addresses created on the Bitcoin network has been on the rise, indicating growing interest and adoption of the digital asset. This trend suggests that despite the volatility in Bitcoin's price, there is a consistent influx of new participants entering the market. The data shows that the accumulation of Bitcoin by new addresses has been occurring since the beginning of 2020, with a noticeable spike in the number of fresh addresses being created in early 2021. This indicates that even as the price of Bitcoin experiences fluctuations, there is a continuous flow of new investors and users joining the network. The increase in new addresses holding Bitcoin is seen as a positive sign for the long-term growth and adoption of the cryptocurrency. It suggests that there is a growing interest in Bitcoin as an investment and store of value, even during periods of price volatility. The data also indicates that the network is expanding and attracting new users, which could further strengthen Bitcoin's position in the market. Overall, the rise in fresh addresses accumulating Bitcoin despite the heavy price drawdown demonstrates resilience and growing interest in the cryptocurrency. This trend bodes well for the future of Bitcoin as it continues to attract new participants and solidify its presence in the digital asset space.

Sony has introduced a new mainnet called Soneium, which is designed to enhance decentralized applications and provide a more efficient platform for the entertainment industry on Ethereum's Layer 2. Soneium aims to improve user experiences by reducing gas fees and transaction times, making it more accessible and cost-effective for users in the entertainment sector. The mainnet launch is part of Sony's broader efforts to explore blockchain technology and its potential applications in various industries. By leveraging Layer 2 solutions like Soneium, Sony hopes to address the scalability issues of the Ethereum network and provide a more scalable and sustainable platform for decentralized applications. Soneium is built on top of the Ethereum network, enabling seamless interoperability with existing Ethereum-based applications and assets. This interoperability will allow developers and users to take advantage of Soneium's features while still benefiting from the security and network effects of the Ethereum ecosystem. The mainnet launch represents a significant milestone for Sony and the broader blockchain community, as it demonstrates the potential for Layer 2 solutions to drive innovation and adoption in the entertainment industry. By providing a more efficient and cost-effective platform for decentralized applications, Soneium could help accelerate the mainstream adoption of blockchain technology in the entertainment sector. Overall, Sony's introduction of Soneium mainnet signifies a step forward in advancing Ethereum's Layer 2 solutions and enhancing the scalability and usability of decentralized applications in the entertainment industry.

JPMorgan believes that exchange-traded products (ETPs) based on cryptocurrencies like Solana and XRP could potentially attract $15 billion in net inflows. The bank's strategists noted that Solana and XRP ETPs could have significant growth potential due to their low correlation with other assets and high liquidity. Solana, a blockchain platform known for its fast transaction speeds and low fees, has gained popularity recently, leading to increased interest from investors. XRP, the digital asset associated with Ripple, has also shown resilience despite regulatory challenges and has a large market capitalization. The strategists at JPMorgan highlighted that ETPs based on these cryptocurrencies could appeal to both retail and institutional investors looking to diversify their portfolios and gain exposure to the crypto market. They also mentioned that Solana and XRP ETPs could benefit from the growing interest in alternative investments and the increasing adoption of digital assets. JPMorgan's optimistic outlook on Solana and XRP ETPs reflects the bank's recognition of the potential for cryptocurrencies to play a significant role in the financial markets. As institutional interest in digital assets continues to grow, ETPs based on cryptocurrencies like Solana and XRP could provide investors with a new way to access this emerging asset class and potentially drive significant inflows into the market.

The article discusses a warning issued by the Hong Kong Monetary Authority (HKMA) regarding a fraudulent website that claims to be affiliated with the Bank of East Asia (BEA). The HKMA alerted the public about a fake website that mimics the design and branding of the BEA's official site in order to deceive customers. The fraudulent website attempts to trick individuals into disclosing their personal and financial information, including their login credentials and account details. The HKMA emphasized the importance of staying vigilant and exercising caution when accessing financial websites, especially when providing sensitive information online. They advised customers to verify the authenticity of websites by checking for secure connections, official logos, and contact information before entering any personal data. To further protect themselves from falling victim to such scams, the public was urged to refrain from clicking on suspicious links or responding to unsolicited emails requesting personal information. The HKMA also recommended that individuals regularly monitor their bank accounts for any unauthorized transactions and report any suspicious activities to their financial institution immediately. In conclusion, the HKMA's warning serves as a reminder for individuals to be cautious when dealing with online financial transactions and to take proactive measures to safeguard their personal information. By remaining vigilant and following best practices for online security, customers can protect themselves from falling prey to fraudulent schemes and unauthorized access to their accounts.

The article discusses the price prediction for TON Coin (TON), a cryptocurrency associated with the Telegram Open Network. The author analyzes the historical price movements of TON and provides insights into potential future price trends. The analysis suggests that TON Coin has seen significant price fluctuations since its launch, with the price ranging from $0.05 to $0.26. The author notes that the price of TON Coin has been volatile and unpredictable, making it challenging to make accurate price predictions. Despite the volatility, the author highlights some factors that could potentially influence the price of TON Coin in the future. These factors include the overall performance of the cryptocurrency market, the adoption of TON Coin by users and investors, and any developments or updates related to the Telegram Open Network. The author concludes that while it is difficult to predict the exact price of TON Coin, there is potential for growth and positive price movements in the future. However, the author advises readers to conduct their own research and consider the risks associated with investing in cryptocurrencies before making any decisions. In summary, the article provides an overview of the price predictions for TON Coin based on historical price movements and potential influencing factors. The author acknowledges the volatility of TON Coin but also suggests that there is room for growth in the future, although investors should proceed with caution and do their due diligence.