TL;DR

• Only 7 out of 25 mining companies post positive returns by 2024.

• ai16z founder announces issuance of aiPool tokens.

• Bitcoin market correction intensity is easing.

• Bank of Korea plans more interest rate cuts.

• Kraken, SEC propose extended objection deadline until 2025.

• VitaDAO to distribute 6.9M BIO tokens to VITA and IPT holders.

• US spot Bitcoin ETF sees $340M outflow.

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Alpha of the Day

Data reveals that by the end of 2024, only 7 out of 25 listed mining companies have posted positive returns

Looks like the mining sector is giving "tough year" a whole new meaning. Out of 25 companies listed, only 7 have managed to turn a profit. It's a digital gold rush, but for most, it’s more like a digital tumbleweed. With costs of energy and hardware on the rise, it's a wonder anyone's still in the game. But hey, if you're holding onto some of those stocks, here's hoping the remaining 7 aren't just lucky — they’ve got to be doing something right, right?

The founder of ai16z reported that aiPool tokens have now been issued

It’s official—aiPool tokens are now a thing. If you’ve been living under a rock (or just not paying attention to the AI space), ai16z’s founder just dropped the news that tokens are up for grabs. Think of it like the VIP pass to the next-gen AI party. The token is pegged to a pool of AI assets, so this could be a chance to ride the hype wave without actually being an AI genius. Just don’t ask us how to mine them; that’s a level of nerdiness we haven’t unlocked yet.

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Glassnode reports that the intensity of the market correction during Bitcoin's bull run is gradually easing

Bitcoin's rollercoaster ride just hit a smoother stretch. Glassnode’s recent data suggests that the market correction is finally calming down after the usual Bitcoin chaos. If you’ve been clutching your portfolio like a lifeline, now might be the time to breathe—just a little. The volatility is still there, but it’s not the gut-wrenching dive it once was. Here's hoping that the wild ride has a few less loop-de-loops in the near future.

According to Yonhap News Agency, the Bank of Korea is planning additional interest rate cuts in the coming year

The Bank of Korea is throwing in a curveball—more interest rate cuts are coming next year. It’s like they’re playing the “who can keep rates low for the longest?” game, and the goal is to keep that economic momentum flowing. So if you're into cheap loans or just appreciate some financial stimulus in your life, this could be the news you've been waiting for. It's like getting an extra shot of espresso for your wallet.

Kraken has collaborated with the SEC on a proposal to extend the deadline for submitting objections regarding document disclosure disputes until March 31, 2025

Kraken and the SEC are in the trenches together, proposing an extension for document disclosure objections until March 2025. It’s not exactly a "romantic partnership," but it's definitely a long-term commitment. This proposal gives the crypto exchange and regulators more time to sort through the complex web of paperwork. If you're in the crypto space, don't expect any fireworks yet—just some regulatory slow dance until 2025. At least we know they'll have more time to figure out who's sharing what.

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The VitaDAO community has introduced a new proposal to distribute 6.9 million BIO tokens to holders of VITA and VitaDAO IPT

VitaDAO is keeping things spicy with a new proposal to drop 6.9 million BIO tokens to its VITA and VitaDAO IPT holders. It’s like they’re rewarding their community with a sweet token shower—but with purpose. These tokens aren’t just for fun; they’re tied to biotech research funding, so this could be the first step toward making the future of healthcare a little more... DAO-mazing. 6.9 million reasons to pay attention to the science-driven side of crypto!

The US spot Bitcoin ETF experienced a net outflow of $340 million yesterday

Ouch. The US spot Bitcoin ETF saw a net outflow of $340 million yesterday, and it’s not exactly the kind of number you'd want to see in your portfolio. Looks like some investors are getting cold feet or just decided they’d rather take their chances elsewhere. It’s a reminder that crypto’s not always a smooth ride; sometimes, it’s more like a rollercoaster with no seatbelt. But if you're in for the long haul, here's hoping you’re not the one who bailed at the wrong time.

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