FINRA found the number of people invested in crypto was steady from 2021 to 2024, but fewer were considering either buying more or investing for the first time. US investors are not considering buying crypto as much as they used to, as risk-taking behavior has dropped, according to a study from the Financial Industry Regulatory Authority. The percentage of crypto investors was unchanged between 2021 and 2024 at 27%, but the number of investors considering either purchasing more or buying for the first time dropped to 26% in 2024 from 33% in 2021, FINRA reported on Thursday. The industry regulator found that those with “high levels of investment risk” dropped four percentage points to 8% between 2021 and 2024. The biggest drop was among investors under 35, which shaved nine percentage points to 15%. Read more
Bitcoin’s downturn has barely anything to do with “anything crypto specific,” but it’s unlikely to surge early next year, says 21Shares co-founder Ophelia Snyder. Current market conditions will make it difficult for Bitcoin to replicate its early 2025 price gains going into 2026, says 21Shares co-founder Ophelia Snyder. “It’s unlikely that the factors driving the current volatility will fully resolve in the short term,” Snyder told Cointelegraph. “A repeat performance next January will depend heavily on broader market sentiment.” Read more
Santiment says social sentiment toward XRP has hit its lowest levels since October, entering the fear zone, but suggested that has preceded a rally in the past. Social sentiment toward XRP has tanked into the “fear zone,” but the intelligence platform Santiment says a similar drop has led the token rallying. Santiment said on Thursday that its social data is showing that XRP (XRP) is seeing “the most fear, uncertainty, and doubt (FUD) since October.” “The last time we saw near this level of fear from the crowd was November 21, and XRP’s price immediately rallied 22% over the next three days,” it added. Read more
Indian crypto holders now hold 5 tokens on average, Ripple secures regulatory approval in Singapore, and Japan’s crypto tax: Asia Express The average crypto holder on the popular Indian crypto exchange CoinDCX is starting to diversify their portfolio, according to recent survey results. The Indian crypto investor today holds an average of 5 tokens per portfolio, CoinDCX said in an annual report released on Thursday. Its survey indicates the average investor in India has almost doubled the range of crypto tokens they hold, up from around two to three tokens in 2022. CoinDCX said that investors are increasingly exploring the potential of other blockchain networks rather than focusing solely on Bitcoin. Read more
Meta is reportedly cooling on the metaverse with planned 30% cuts in its virtual reality research department, Reality Labs, which shareholders seemingly support. Social media giant Meta is reportedly planning to scale back its metaverse spending by up to 30% and redirect the funds into virtual reality glasses and artificial intelligence. No final decision has been made yet, but budget cuts and possible layoffs are on the table for Meta’s Reality Labs division, mainly aimed at its virtual reality unit, which eats up the bulk of metaverse-related spending, Bloomberg and The New York Times reported on Thursday. The budget cuts could come as early as January, but Meta plans to redirect resources to a Reality Labs unit developing augmented reality glasses. Read more