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Crypto Investments Surge as Global Markets Gear Up for Trump's Inauguration
KULRKULR Technology (KULR) Prnewswire·2025-01-17 17:33

Market Sentiment and Crypto Boom - Markets are anticipating a Trump-fueled crypto boom, with cryptocurrency-related stocks becoming a must-watch in today's market [1] - Crypto was one of the two drivers that drove gains in the year's top 5 tech stocks in 2024, especially after Donald Trump's election victory in November [1] - The Republican Party's election win has led to a friendlier sentiment towards crypto, with companies like Spearmint Resources planning to allocate cash into high-quality crypto assets [5] Cryptocurrency Market Growth - The Global Market for Cryptocurrency was estimated at US1.3billionin2023andisprojectedtoreachUS1.3 billion in 2023 and is projected to reach US1.8 billion by 2030, growing at a CAGR of 4.8% [2] - The Global Digital Asset Trading Platform Market size is expected to grow from US2.49billionin2023toUS2.49 billion in 2023 to US10.99 billion by 2033, at a CAGR of 16.01% [2] Spearmint Resources' Crypto Strategy - Spearmint Resources more than doubled its crypto holdings via additional purchases of Solana, a crypto-computing platform known for high transaction speeds and scalability [3] - The company's management believes diversifying into Solana holds the highest potential for growth within the crypto space and plans to continue this strategy in the foreseeable future [4] - Spearmint Resources is also developing its George Lake South Antimony Project in Canada and holds lithium assets in Nevada, showing potential for both lithium clay and brine [5][6] Industry Developments - KULR Technology Group increased its Bitcoin Treasury by an additional 21million,reachingatotalof21 million, reaching a total of 42 million in bitcoin acquisitions, with a weighted average price of 98,393.58perbitcoin[8]−KULRintroduced"BTCYield"asaKPItomeasurethepercentagechangeinbitcoinholdingspershare,achievingaBTCYieldof93.798,393.58 per bitcoin [8] - KULR introduced "BTC Yield" as a KPI to measure the percentage change in bitcoin holdings per share, achieving a BTC Yield of 93.7% from December 2024 to January 2025 [9] - MARA Holdings surpassed its year-end hash rate target of 50 EH/s, mined 249 blocks in December, and increased its energized hash rate to 53.2 EH/s, a 15% improvement over November [10] - MARA Holdings acquired 22,065 BTC at an average price of 87,205 and mined an additional 9,457 BTC in 2024, bringing its total holdings to 44,893 BTC, valued at 4.2billion[10]LegalandRegulatoryDevelopments−CoinbaseGlobalwonalegalbattleagainsttheSEC,withajudgerulingthatthecompanycanescalateadisputeovercryptosecuritiesdefinitionsdirectlytotheU.S.CourtofAppeals[11]−Therulingspeedsupthetimelineforadefinitivedecisiononthecoresecuritiesissueinthecryptosector,thoughtheappealscourtmustfirstagreetohearthecase[12]−RobinhoodMarketssettledSECchargesfor4.2 billion [10] Legal and Regulatory Developments - Coinbase Global won a legal battle against the SEC, with a judge ruling that the company can escalate a dispute over crypto securities definitions directly to the U.S. Court of Appeals [11] - The ruling speeds up the timeline for a definitive decision on the core securities issue in the crypto sector, though the appeals court must first agree to hear the case [12] - Robinhood Markets settled SEC charges for 45 million, with its CEO expressing optimism about the crypto industry under the incoming Trump administration [13] Financial Performance and Outlook - Robinhood Markets is set to release its Q4 and FY 2024 financial results on February 12, 2025, with cryptocurrencies accounting for a significant portion of its transaction-based revenue [14]