SBF trial, CZ’s jail time, Trump, and more: the events that shaped crypto in 2024 ⚡️ Hamster Academy
Harry 
title
hey hamsters in this week's Academy we are taking a special look back at all the major events that shaped the crypto World in 2024 it's been a year with more twists and turns than a hamster dodging through a maze constantly finding New Path and dead ends the whiskers are twitching in anticipation already let's dive into the five biggest events the shaped 2024 it's 2024 started off stra much like a hamster finally finding the perfectly engineered wheel after years of running in circles yes it was the year of crypto ETFs after 10 long years the US s's first approval for a spot Bitcoin ETF just 10 days into the year the US SEC approved the first ETF that would track the price of Bitcoin keep in mind that while the US launch came this year European markets had been offering exchange traded products edfs for a few years since 2019 up until then America only had beatcoin Futures ETFs which felt like a hamster constantly running after a treat just Out Of Reach so when it finally saw that approval it was considered a major victory for the digital asset industry Victory an event mocked by issues including Black Rock Arin vast Fidelity grayscale and Van a to name some of the bigger players that finally got the go ahead from Gary gansler the man leading the resistance of course his comments even after the approval resulted in a number of additional ETF related headlines throughout the rest of the year and fast forward to the end of 2024 and the 12 spot Bitcoin ETFs surpassed a total of $100 billion in assets under management this made it one of the most successful ETF launches ever which naturally spurred on a number of major price rallies throughout the course of 2024 while there was good news for some there was bad news for others 2024 was also marged by the and to the SBF Saga once upon a time there was an exchange called FTX a shining star in the crypto World until it collapsed in November 20122 and behind that exchange was a man named Sam bankman freed who we will continue to refer to s SBF dubbed the most devious of all the hamsters SBF ended up becoming the phase behind one of the largest financial frauds in history swindlin an estimated 8 billion do in customer funds through his exchange much like a hamster in a wheel asbf seemed endlessly chasing after bigger and bigger goals but in the end it was his own greed that led him into a trap of Heming even those with no ties to The Exchange felt the impact as bitcoin's value plummeted in the immediate aftermath The Saga was labeled an astonishing rise and fall which included a month La trial in 2023 ending with a 25e sentence nope nope nope stop talking go to jail oh leny not when considering that Federal prosecutors thought he should face 40 50 years but also shorter the 25e sentence is also been appealed in headlines after the fact and now the year is standing with speculation of a potential pardon as forwarded by a tweet from CEO of Tesla Elan musk it would appear that the resolution may still not be resolved the theme of Justice continued throughout 2024 and pretty soon it was another one of the big names on The Chopping Block fast forward to September and CZ goes to jail and gets out of it the founder of one of the world's largest exchanges also went to prison this a few months after he had baded guilty to criminal charges around us anti-money laundering laws but perhaps jenet Yellen the treasury secretary said it best binance's willful failures allowed money to flow to terrorists cyber criminals and child abusers through its platform mhm which led to him stepping down as the CEO of the exchange in November 2023 then his 36-month sentence was taken down to a 4mon sentence it was like watching a hamster in a wheel he kept running making moves and seemingly trapped in the cycle of consequences but just when it seemed like the cage was closing in on him he found a way to Scurry out and escape with a shorter sentence than planned and given the short duration of his sentence his 4 months behind bars also ended in 2024 although his flea deal stated he couldn't ever run binance as CEO again he did speak out about stepping back into the entrepreneurial Spotlight something to look forward to in 2025 maybe a year for alltime high imagine a hamster running on its wheel gaining momentum with each turn that would also Samu the year of 20124 among on the top contenders leading the back where Tom coin which rose to an all-time high of 8.24 on June 14th this was what was said to be the result of a positive overall Market sentiment continued investor interest and ongoing development from the OG telegram white paper and this was only the start Fon which continued to see major growth with research showing that the ton ecosystem has seen a 12 times increase in daily transaction volume from 100,000 to 1.2 million in 2024 mhm then came prize surgers for the other alss namely salana which hit an all-time high on November 22nd 2024 with a price of 2 $ 6383 at the time this surge propelled salana to become the third largest crypto by market cap wow B movement in Sal's price is often compared to a hamster running furiously in its wheel constantly gaining speed feeding off the momentum around it similarly sana's rise was largely fueled by the growing institutional interest in salana ETFs where on the street was Major firms like bitwise and Van were at the ready with application and of course the more investors jumped in the faster the price climbed propelling salana to new heights this year was also a notable comeback for former president Donald Trump who went on to make a pretty major comeback in his return to office for crypto this was pretty major news due to the president's Pro crypto stance which resulted in Bitcoin hitting an alltime high and another and then another the first spike in prize started following Donald Trump's victory in November keep in mind this was not only Pro crypto but an end to the Hostile approach the Biden administration had previously taken the $100,000 Milestone came immediately after Trump announced Paul Atkins would be Gary gor's replacement what could mean more relaxed crypto regulations nice nice nice 10 days later and bullish investors were still sharing in the excitement of the price rally pushing Bitcoin again only this time to $114,000 then it was $17,000 following the confirmed plans for a Bitcoin Reserve from Trump Bitcoin then went on to Surge to18 26845 and continues to see promise although some speculate a pull back in the short term in what is the end to a very exciting year so although he won't actually assume office until 2025 token prises and of course Bitcoin have already reached new all-time highs and remember the ETFs from earlier even these us traded funds attracted a pretty substantial inflow following the Donald Trump elect $8 billion to be exact mhm and as far as Donald Trump's plans go this might only be the beginning this is only the beginning Donald Trump's Media Group was also said to be considering the purchase enough back at crypto Exchange maybe it's too early to say but scurrying into 2025 looks rather promising because where Bitcoin leads the others will follow and that's a wrap on 2024 hey hey thanks for joining today's Academy be sure to subscribe and remember hamsters are power one for all and all for one bye
