Market Overview (Dec 23 – Dec 29): BTC Faces Red Weeks While Uniswap Builds 2025 DeFi Vision

MicroStrategy adds 5,262 BTC, Uniswap’s Unichain to launch in 2025, BTC drops to $93.7K, AI Agents surge, and U.S. jobless claims hit 1.91M.

1. Last week’s Highlights (December 23 – December 29)

MicroStrategy has acquired an additional 5,262 BTC for approximately $561 million (~$106,662 per Bitcoin). As of December 22, 2024, MicroStrategy holds 444,262 BTC, with an average purchase price of around $62,257 per Bitcoin.

Uniswap is set to launch its Layer-2 solution, Unichain, in early 2025, aiming to enhance DeFi performance. Built on the OP Stack, Unichain successfully tested on Ethereum’s Sepolia network with over 50 million transactions and an uptime rate exceeding 99%.

VanEck predicts that the U.S. could reduce the national debt by 35% by 2049 if it builds a reserve of 1 million Bitcoin, as proposed by Senator Cynthia Lummis. The plan assumes an average annual Bitcoin price increase of 25%, reaching $42.3 million per coin by 2049, while national debt grows 5% annually to $119.3 trillion.

Russian Finance Minister Anton Siluanov stated that Russia has begun using Bitcoin and other cryptocurrencies for international payments to circumvent Western sanctions.

Thailand has hinted at accepting Bitcoin through a pilot payment program, allowing tourists to use crypto for payments in Phutex.

KULR has purchased 217.18 Bitcoin for $21 million, initiating its Bitcoin reserve fund. KULR is a leader in advanced energy management platforms.

Bitwise has filed for an ETF to invest in publicly traded companies with a market cap of at least 1,000 Bitcoin holdings.

ProShares has applied to establish ETFs tied to the S&P 500, Nasdaq-100, and gold, all priced in Bitcoin.

2. Macroeconomic News

The number of continuing jobless claims in the U.S. has risen to 1.91 million, the highest level since November 2021.

3. Market Overview

BTC closed the weekly candle in red, with a wick pulling back from $100K to $93.7K. This marks the second consecutive week of BTC closing in red, with the monthly candle currently down by -3%.

The market lacks liquidity, with the number of stablecoins on CEXs dropping by $5 billion from the peak of $60 billion on December 13 (according to Nansen).

Altcoins showed little volatility, except for the AI Agent sector, which continues to experience growth waves. Numerous AI Agent projects have pumped and are seeing increased attention.

Over $125 million in stablecoin net inflow has been deposited into exchanges in the past 24 hours.