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3 major developments that spurred crypto adoption in 2024

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The crypto industry witnessed historic milestones in 2024, from MiCA regulations in Europe to Bitcoin adoption in Latin America and the US eyeing a strategic Bitcoin reserve.

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Coin Market

US Bitcoin ETFs draw $527M in biggest showing since September

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BlackRock’s IBIT led the gains with $665.2 million in inflows, offsetting withdrawals from Fidelity and Grayscale, while other funds recorded no net flows.

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Sophon sets Nov. 25 withdrawal deadline ahead of mainnet shutdown

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In June, Sophon’s developers said the costs of maintaining a standalone blockchain no longer justified its benefits and announced plans to focus on consumer finance and AI applications on Base.

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US bans DeepSeek from civilian agency IT systems

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The restrictions extend earlier bans within US defense and security agencies, amid concerns that DeepSeek could expose federal information to China.

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