The Binance cryptocurrency exchange team presented an annual report in which it indicated that the number of registered clients grew by 47% and exceeded the 250 million mark. The company representatives stated that this figure serves as an important benchmark on the way to the goal of 1 billion clients.

The report also found that Binance’s VIP client base increased by 116% and registered institutional users by 97%. The document also highlighted that with options like Binance Wealth and the revamped Triparty Banking service, the exchange has become a gateway for institutions exploring the innovative potential of cryptocurrencies.

With institutions driving the next wave of adoption, their growing presence on Binance reinforces the platform’s key role in bridging traditional finance and the digital asset sector.

Binance said it has doubled down on its commitment to compliance and security in 2024, investing hundreds of millions of dollars into these key programs. Its internal compliance team has expanded to 650 experts, allowing it to obtain regulatory approvals in 21 jurisdictions.

According to the report, as a result of anti-fraud measures, the exchange prevented potential customer losses amounting to $4.2 billion, with the amount of funds returned amounting to $88 million.

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According to Lookonchain, the Ethereum Foundation sold 100 ETH on Wednesday, January 8. In total, the organization has gotten rid of 4,566 coins for almost $12.96 million since the beginning of 2024. This has had a negative impact on the value of Ethereum , which has fallen by about 17% during this period.

Just 10 minutes after the news of another Ethereum Foundation sale, the altcoin rate fell by 0.6%. Over the past 24 hours, the second-largest cryptocurrency by capitalization has fallen by 7.9%.

According to several experts, the Ethereum Foundation is selling the altcoin to cover its operating costs and fund new projects and research in the Ethereum ecosystem.

The fund isn’t just holding its money and watching it grow. Instead, it’s actively investing in the Ethereum ecosystem, betting that the blockchain will be around for a long time, said Yumi Sumiko, an analyst at Medium.

According to TradingView analysis, ETH is currently forming a bearish pattern. The price is declining from an ascending trendline near the resistance zone, which indicates a possible transition to the support zone near $3061. This bearish outlook is also supported by increasing selling pressure.

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After falling to $97,000 on January 7, the flagship cryptocurrency could peak at $200,000, according to KURL Technology CEO Michael Mo.

The biggest catalyst will be plans for countries to create a strategic reserve of BTC. The US, Germany, Switzerland and other governments are currently studying this issue, he said.
Interestingly, Mo's bullish forecast for the leading cryptocurrency came a day after KURL Technology purchased over $21 million worth of bitcoins at an average price of $97,391 per coin.

This is the second investment in BTC by a public company listed on the New York Stock Exchange. It first bought bitcoin on December 26, 2024, when KURL Technology announced the purchase of 217.18 coins for approximately $21 million, at an average price of $96,556 per coin. According to the firm, it plans to invest up to 90% of its available cash in the leading cryptocurrency.

Michael Mo said he was inspired to take this step by MicroStrategy's strategy and Michael Saylor's belief in the future of Bitcoin .

"Michael Saylor calls BTC digital energy, which really resonates with our mission because we are a battery energy management company and energy is our core business,” Mo said.

Despite the KURL Technology CEO's optimism about Bitcoin's future, the cryptocurrency will need to raise another $2 trillion to surpass $200,000. That would allow the coin to surpass Apple's (NASDAQ: AAPL ) market cap, which currently stands at $3.7 trillion, and become the world's second-largest asset.

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We are pleased to announce that the CELESTION website is now available in Italian !!! 🇮🇹

Users from Italy can now easily explore our financial and investment services and innovations in their native language.

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