Bitcoin extended its weekend rally, hitting a new all-time high above $107,700, driven by rising spot volumes and the return of the Coinbase Premium during the US session, signaling robust buying activity.
On the FTX front, Kraken and BitGo will distribute the first recovery payments to claimants in January 2025, over two years after the exchange’s collapse.
In DeFi, Ethena Labs launched its BlackRock-backed stablecoin, USDtb, on December 16, quickly amassing $65.4 million in TVL. Backed 1:1 by cash equivalents, USDtb offers stability for Ethena’s USDe holders amid market volatility.
