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2024 Crypto Survey Reveals Memecoins and AI Tokens as Top Picks for 2025

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  • Memecoins top the list of held tokens among Binance users, surpassing Bitcoin.
  • AI tokens are seen as the most promising for 2025 growth.
  • New crypto adopters are showing cautious optimism, with 45% joining in 2024.

As 2024 draws to a close, Binance surveyed over 27,000 users worldwide to assess their crypto expectations for 2025. The survey revealed a surprising trend: memecoins have surpassed Bitcoin as the most held tokens in users’ wallets. Approximately 16.1% of participants reported holding memecoins, while Bitcoin trailed behind at 14.44%.

Even while Bitcoin leads the broader market, users increasingly get drawn to the volatility and excitement that memecoins bring. This may be indicative of investor sentiment, whereby users look for high-risk, high-reward opportunities.

Beyond Memecoins, AI Tokens Lead the Charge for 2025

In return, the coming year is expected to bring significant changes in the crypto world. As many as 23.89% of those who participated strongly believe that AI tokens will represent the biggest growth market next year. What is even more exciting, this class of assets now is considered the most preferred in 2025, followed by memecoins at 19.09%.

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This reflects strong confidence in AI tokens and shows the growing interest of users in technology-driven investment. According to many users, more institutional involvement will take place in mainstream blockchain applications next year.

New Adopters and Their Growing Involvement

It also highlighted a wave of new crypto adopters in the market, as 45% of the surveyed joined this year. Meanwhile, as much as a portion of the new users is still catching up, an equal distribution of the other users fall into a time frame between one to five years, thereby meaning that a proper mix exists within the Binance community.

Most of the new entrant inflow has been for financial independence and rapid appreciation, but for 22.4%, it’s the hope for quick gains that makes them enter into this market.

Against this background of optimism, however, 43.97% of those surveyed have kept their crypto investments below 10% of their wealth, showing that there is caution tempered with optimism. All in all, the results from Binance are indicative of an active, confident, and ever-growing community looking to 2025 with hope and expectation.

Related | ITAT Rules: Crypto Profits From Pre-2022 Sales Classified as Capital Gains

Binance Faces Legal Action for Failing to Protect Australian Consumers

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The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against Binance’s Australian arm for allegedly failing to protect consumers. The case centers on claims that Binance misclassified 505 retail investors as wholesale clients, which exposed them to high-risk and speculative crypto derivative products. ASIC argues that this misclassification led to significant consumer harm by denying investors their legal rights under Australian financial services laws.

ASIC Claims Binance Exposed Clients to Risky Products

From July 2022 to April 2023, Binance Australia Derivatives offered crypto derivative products to 505 investors. According to ASIC, around 83% of these investors were incorrectly classified as wholesale clients, depriving them of vital protections. Under Australian law, retail clients are entitled to product disclosure statements and access to a dispute resolution scheme, both of which Binance failed to provide.

ASIC asserts that the misclassification of retail clients as wholesale clients meant they were exposed to riskier products without the necessary consumer protections. These protections safeguard consumers from high-risk investments, ensuring they have adequate information and recourse in disputes. Many affected investors reportedly suffered substantial losses due to this oversight.

Binance’s Compliance Failures

In addition to the misclassification, ASIC has accused Binance of failing to meet various regulatory requirements. The exchange did not make a Target Market Determination required for financial products. This lack of determination means Binance could have assessed whether its products suited its target customers, leaving investors vulnerable to unsuitable investments.

Furthermore, ASIC claims that Binance failed to implement an adequate internal dispute resolution process. As a result, clients needed a structured way to resolve grievances or seek redress. The regulator also argues that Binance’s internal systems were insufficient to ensure financial services were provided fairly and in line with legal obligations.

In April 2023, ASIC revoked Binance’s Australian financial services license. This followed a broader review of the company’s operations, focusing on compliance with Australian financial regulations. ASIC has stated that its investigation is ongoing and examines the extent of the consumer harm caused by Binance’s actions.

Binance Drives Bitcoin’s (BTC) Rally as Coinbase Influence Weakens

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  • Binance hаs bеcomе thе dominаnt liquidity sourcе, surpаssing Coinbase in Bitcoin’s rеcеnt rаlly.
  • Anаlyst Mignolеt highlights Binance’s growing influеncе, supporting both institutionаl аnd rеtаil mаrkеt pаrticipаtion.
  • Anаlyst Ali Mаrtinеz prеdicts Bitcoin (BTC) could rеаch $275,000 bаsеd on а cup-аnd-hаndlе formаtion in its chаrt.

Bitcoin’s rеcеnt mаrkеt rаlly hаs cаught widеsprеаd аttеntion, but thе driving forcе bеhind its аscеnt rеvеаls а significаnt shift in liquidity sourcеs. Whilе thе cryptocurrеncy bеgаn this yеаr’s upwаrd trеnd with Coinbase аt thе hеlm, Binance is now lеаding thе chаrgе, signаling а rеdistribution of influеncе within thе mаrkеt.

A rеcеnt post titlеd “Coinbase Dominаncе Rеmаins Low” on CryptoQuаnt’s QuickTаkе plаtform undеrscorеs this trаnsition. Anаlyst Mignolеt notеd thаt Coinbase plаyеd а pivotаl rolе in thе rаlly’s еаrly stаgеs, pаrticulаrly whеn Bitcoin ETFs wеrе аpprovеd еаrliеr this yеаr. This influx of liquidity fuеlеd а surgе in trаding аctivity, momеntаrily disrupting trаditionаl hаlving cyclе еxpеctаtions. Howеvеr, аs thе rаlly continuеd, Coinbase’s dominаncе stаrtеd to dеclinе.

CryptoQuant post 1
Source: CryptoQuant

Binance Liquidity Gains Momentum

Thе аnаlyst rеvеаlеd thаt during Bitcoin’s sеcond rаlly phаsе, Binance еmеrgеd аs thе dominаnt plаyеr. Mignolеt strеssеd this chаngе by sаying, “Lеt mе rеitеrаtе: I’m not sаying thаt Coinbase liquidity is unimportаnt or insignificаnt. It’s incrеdibly importаnt. Whаt I аm highlighting is thаt thеrе’s аn еvеn morе criticаl sourcе of liquidity аt plаy: Binance.”

Binance’s growing influеncе rеflеcts liquidity flows from а broаdеr rаngе of mаrkеt pаrticipаnts. This trеnd highlights а strongеr аnd morе dеcеntrаlizеd mаrkеt structurе, drivеn by both institutionаl аnd rеtаil invеstors divеrsifying thеir plаtforms. Mignolеt’s аnаlysis suggеsts thаt Binance’s prominеncе in this phаsе of BTC’s rаlly hаs bееn instrumеntаl in sustаining bullish momеntum.

Bitcoin hаs rеcеntly shown signs of rеsiliеncе аftеr а briеf corrеction thаt sаw its pricе dip bеlow $95,000. As of now, thе cryptocurrеncy hаs rеboundеd to $100,698, mаrking а 2.75% pricе incrеаsе. This rеcovеry hаs brought Bitcoin to within 2.29% of its аll-timе high аbovе $103,000, аchiеvеd еаrliеr this month.

Bitcoin’s Chart Signals Strong Growth

Adding to thе optimistic outlook, аnаlyst Ali Mаrtinez notеd аggrеssivе buying аctivity by lаrgе holdеrs in а Dеc 11 post on X. According to Mаrtinez, 342 nеw wаllеts contаining morе thаn 100 BTC wеrе crеаtеd during Bitcoin’s pricе dеclinе from $104,000 to $90,000.. This аccumulаtion undеrscorеs thе confidеncе аmong mаjor invеstors, furthеr fuеling bullish sеntimеnt.

Xpost BTC 1
Source: Ali_Charts

Mаrtinez’s аnаlysis еxtеnds bеyond thе immеdiаtе rаlly. Hе prеdicts Bitcoin’s pricе could soаr to $275,000, citing а cup-аnd-handle formаtion on thе cryptocurrеncy’s onе-wееk chаrt аs а bаsis for this projеction. This prеdiction аligns with а broаdеr forеcаst from Tom Dunlеаvy, Chiеf Invеstmеnt Officеr аt MV Globаl, who аnticipаtеs Bitcoin rеаching $250,000 by thе еnd of 2025.

Related Readings | VET’s Massive Rise: Can VeChain Hit $1 in 2024?

Binance Shatters Records with $21.6 Billion in User Deposits in 2024

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Key Takeaways

  • Binance recorded $21.6 billion in user deposits in 2024, a remarkable growth milestone.
  • Average Bitcoin deposits rose from 0.36 BTC to 1.65 BTC, reflecting increased investor confidence.
  • USDT deposits skyrocketed from $19.6K to $230K, driven by institutional and corporate interest.

2024 is a big year for Binance and the broader crypto market. Binance announced $21.6 billion in user deposits, which is more than the total $15.9 billion that the next ten exchanges got together, as per DefiLlama.

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The firm points to rising global interest in crypto, successful regulatory actions, and increased interest in Bitcoin ETFs as key reasons for its success. Binance’s CEO, Richard Teng, thanked its worldwide users, said:

2024 has been a landmark year for the crypto industry, and we are incredibly grateful to our almost 250 million users, and counting, who continue to trust Binance as their chosen platform for trading.

Bitcoin ETFs have been important for the exchange’s success, helping bring digital assets to institutional investors. These ETFs led to large inflows, showing that crypto is becoming more recognized as a regular financial tool.

Institutional Investors Drive Deposit Surge

CryptoQuant data shows an increase in average Bitcoin deposits, rising from 0.36 BTC in 2023 to 1.65 BTC in 2024. Tether (USDT) deposits also increased greatly, going from $19.6K to $230K. The exchange’s success in attracting institutional clients has reinforced its top position in the industry. The report points out its advantage, highlighting its strength in institutional growth and its part in advancing cryptocurrency acceptance.

Binance’s Milestones Redefine the Industry

Binance reached a huge milestone by going over $100 trillion in total trading volume, showing its large size and available liquidity. CCData acknowledges it as the first centralized exchange to hit this milestone.

At the same time, the exchange Launchpool keeps drawing in users by providing new chances for earning token rewards, helping to keep more funds on the platform. Through these achievements, Binance has changed its role from just an exchange. It is now positioned as a leader in crypto innovation, guiding the industry closer to mainstream financial acceptance.

Related Reading | TRON (TRX) vs. Lightchain AI—Will Decentralization or Innovation Win?

Binance and Circle Forge Powerful Partnership to Boost USDC Adoption for 240M Users

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Key Takeaways:

  • Binance integrates USDC into its platform, enhancing access for over 240 million users.
  • Circle expands into the Middle East, partnering with LuLu Financial Holdings to make cross-border payments.
  • The partnership aims to boost the use of USDC globally, advancing stablecoin adoption.

Binancy and Circle have announced a milestone partnership that will see USDC integrated across the entire Binance platform. The integration will increase access to USDC for trading, savings, and payments on Binance for its over 240 million users in more than 200 countries and regions.

Additionally, Binance will adopt USDC for its corporate treasury, marking a pivotal move towards on-chain financial operations. USDC, already one of the most trusted stablecoins in the market, will be more accessible than ever through Binance’s diverse services.

This places USDC in the hands of millions who can then use it-easily for everything from trading pairs to savings solutions. The stablecoin will find its place within the Binance ecosystem. According to a statement by Binance, this has been in line with the company’s goal to provide USDC as an option for its users, with further aims of creating a seamless and integrated financial experience.

This deal further cements Circle’s position in the global financial market, with the deal ultimately giving Binance the technology and liquidity needed to power the growing adoption of USDC. And with the stellar reputation Circle has gained in the space for stablecoins, the potential of what this collaboration is capable of is further nailed down-particularly as more mainstream companies begin to explore what crypto infrastructure is capable of.

Circle’s Middle East Expansion and LuLuFin Partnership

Just a day ahead of this partnership announcement, Circle expanded its presence in the Middle East by setting up an entity under the Abu Dhabi Global Market (ADGM). This also aligns with Circle’s larger game plan to change the financial world with blockchain.

Further complementing the company’s expansion is a strategic partnership with major player LuLu Financial Holdings in remittance and cross-border payments, LuLuFin. The collaboration will make use of Circle’s USDC stablecoin in order to enhance remittance operations and further illustrate the rising importance of blockchain-based solutions within traditional finance.

Jeremy Allaire, Circle’s CEO, said:

With Binance rapidly becoming the world’s leading financial super app, and stablecoin adoption and utility at the core of this future financial system, this is a tremendous opportunity for USDC as it becomes ubiquitous on the Binance platform.

Related Reading | Investors Are Buying Up This New Altcoin As Algorand and Arbitrum See Declines

Coinbase Withdraws from Turkey, Joins Growing Liquidation Trend

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Key Takeaways

  • The U.S. exchange has withdrawn its pre-application and filed for liquidation, exiting one of the largest global crypto markets.
  • Alongside Coinbase, other firms like QNB Digital Assets and Finceptor also requested liquidation.
  • While some crypto firms exit Turkey, others, like Yapi Kredi and BtcTurk, ramp up their custody service applications.

Coinbase, one of the leading U.S.-based cryptocurrency exchanges, has officially withdrawn from the Turkish market, according to the reports. This decision, confirmed by its withdrawal of a pre-application filed in August, marks a significant shift in the country’s crypto landscape.

In an update by the Turkish Capital Markets Board, Coinbase also filed for the liquidation of the company, a prelude to the end of its short-lived expansion attempts in Turkey.

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Source: Ahmet Karaca

The announcement also falls in line with greater challenges Coinbase faces, such as when it chose not to continue USDC yield offerings in Europe due to the European Union’s MiCA stablecoin regulations. The move elicited an uproar from large sections of social media, which lashed out at regulatory barriers placed on innovation.

Market Shifts Amid Liquidations

Turkey has remained a hotbed for cryptocurrency trading, ranking fourth in the world by trading volume and 11th in global adoption, according to Chainalysis. Despite this dynamic ecosystem, a wave of liquidations swept through the market. In addition to Coinbase, QNB Digital Assets and Koinim, among others, have filed for liquidation, bringing the number of liquidations to 14.

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Source: Chainalysis

On the opposite note, though, the applications from crypto custodial services go the other way around since, reportedly, their number grew by a third: along with Takasbank, with Eliptik Digital Custody Management, joined another major local player-Yapi Kredi Bank-in an ambition for some actual real-time implementations with due consideration towards regulations, within the widely gaining space of digital assets in Turkey.

Binance and KuCoin’s Cautious Approach

Other heavyweights also reboot their Turkish strategies. Global major exchanges like Binance and KuCoin pulled Turkish language support on the platforms and dialed back local marketing in September, citing this move as compliance with local rules targeting non-local crypto service providers.

It also portrays the dual narrative being witnessed in the Turkish crypto market: while some firms retreat to the rising regulations, others double down and scale up localized, fully compliant operations. This move by Coinbase underlines an increasingly complex balance between global expansion and the adaptation to regulation.

Related Reading | $DOGE Whale Scores $9.12M Profit After Acquiring 1.58M Tokens

Coinbase Cuts USDC Rewards for EEA Users: MiCA’s New Impact on Crypto

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  • Starting December 1, Coinbase will stop offering USDC rewards for EEA users due to the new MiCA regulations.
  • EEA users will receive rewards for USDC until November 30, with payments made by December 10, Coinbase confirms.
  • MiCA regulation forces Coinbase, Bitstamp, and Tether to overhaul stablecoin services within the European market.

Coinbase announced that it will no longer offer rewards for USDC holders in the EEA effective December 1st due to the impending MiCA regulation. The exchange sent an email to its users on November 28 highlighting the effects of new regulations on stablecoins.

In its statement, Coinbase explained that the move is a result of MiCA categorizing stablecoins as “e-money tokens” which lead to the emergence of new requirements for issuers. Coinbase will discontinue the rewards program for USDC holders in the EEA, however, users will continue to receive yield on their balances until November 30. Any rewards earned will be sent out no later than the first 10 business days of December.

Coinbase’s APY and Compliance

Coinbase’s USDC rewards program has been used in more than 100 jurisdictions of the world. It enables the user to stake USDC to earn daily yields on their deposited amount. The exchange’s APY ranged from the beginning of each year and was based on the user’s geographical location to encourage users holding USDC on the platform.

The move follows several crypto firms that are operating within the EEA to alter their services to conform with the MiCA regulations that are expected to reinforce rule changes on stablecoins. In early October, Coinbase shared its intention to do away with non-compliant stablecoins in its platform in MiCA-compliant regions.

Similarly, Bitstamp and Binance have also followed the same line of action in response to MiCA. Bitstamp announced that it was delisting EURT after the stablecoin did not meet the new guidelines for the regulatory compliance of the token. In the meantime, Binance has actually offered limited services for unregulated stablecoins since June.

Tether’s MiCA Compliance Efforts

Stablecoin issuer Tether has also followed the rules of MiCA. On November 18, the company invested in the Dutch fintech company Quantoz to design stablecoins that are compatible with the MiCA, EURQ and USDQ. Only days after this, on November 27, Tether stated that it would discontinue support for its EURt stablecoin, which is linked to the euro, with the token’s holders able to redeem the token until November 27, 2025.

With the MiCA regulation on the horizon, Coinbase and other companies in the crypto-industry are confronted with the problem of adjusting their offers to the changing requirements of the regulation. These changes will have consequences for the functioning of stablecoins in the European market.

Giggle Academy’s X Account Hacked, Binance Founder Zhao Confirms

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Key Insights:

  • Binance founder CZ addresses security breach of Giggle Academy’s X account, cautions followers against phishing attempts and misinformation.
  • Efforts are underway to secure the hacked X account and restore integrity to their educational platform.
  • The hack at Giggle Academy underscores ongoing cybersecurity challenges in digital education, emphasizing the need for robust security measures.

Giggle Academy, a start-up by Binance founder Changpeng ‘CZ’ Zhao, has experienced a security breach on its X account. The hack has led to the spread of misleading information and phishing attempts among its followers.

Giggle Academy’s X Account Compromised

On November 16, Changpeng ‘CZ’ Zhao, the Binance and Giggle Academy founder revealed that the X account of his educational platform had been hacked. After the breach the hacker gained control of the account and announced the appointment of a new CEO and began sending phishing links to unsuspecting followers. Zhao, through an X post, instructed users to ignore any information posted by the account until further notice.

Giggle Academy, an educational project by Changpeng Zhao, offers online education on various subjects such as gaming, emotional intelligence, finance and blockchain. Giggle Academy seeks to transform education globally with a focus on low-literacy countries for grades 1-12 . The hack is another example of the constant threats faced by online platforms.

Efforts to Restore Security and User Confidence

Since the security breach, Zhao and the Giggle Academy team led by CEO, Gigi Broverman have been working to take back possession of the account. The team aims to stop further misinformation when they take back the account. Zhao also posted an update to X, where he explained to his followers to be cautious when interacting with any content on the internet. He also warned about the false claims on the appointment of a new CEO of the academy.

This particular breach has increased the focus on the security and protection for the educational platform. Giggle Academy is an online institution that focuses on children and teenager education especially from the underprivileged and low literacy areas of the world. Thus, it is important to prioritize the security of its platform.

Impact on Giggle Academy and Online Educational Tools

The Giggle Academy hack indicates the increasing threats to educational platforms as they utilize digital tools and platforms. The breach further raises concerns over the reliability of online educational material which is consumed by users especially in counties with low literacy levels.

The Academy, which was started with the idea of changing the global educational system through game-based learning, AI and blockchain technologies, is now at the forefront to address these security threats. The Academy seeks to establish a benchmark for how educational services can protect people’s access to their free educational material and safeguard them against cyberattacks.

FTX Accuses Binance and Zhao in $1.8 Billion Lawsuit

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Key Insights:

  • FTX files a lawsuit against Binance and its former CEO, claiming fraudulent actions that prompted a $1.8 billion loss.
  • Binance refutes FTX’s allegations, emphasizing its commitment to market integrity and preparing a strong defense.
  • The outcome of this lawsuit could set a significant precedent for legal standards in the cryptocurrency industry.

FTX has filed a suit against Binance and its former CEO, Changpeng Zhao. The authors of the lawsuit accuse them of fraudulent actions that caused the bankruptcy of FTX, demanding about $1.8 billion. In a statement, FTX said that Zhao made the financial crisis worse by his public statements and backing out from a planned buyout deal.

Allegations Detail Zhao’s Role in FTX’s Downfall

The legal move is unfolding amid the bankruptcy process through which FTX seeks to recover money for creditors. FTX says that this lack of commitment by Binance to the initial acquisition offer played a role in destabilizing the exchange. This action together with remarks by Zhao reportedly triggered a massive loss of liquidity for FTX.

In the lawsuit, FTX alleges that the exchange interfered with its business position as well as market stability. FTX is now suing for damages and compensation for losses incurred as a result of Binance backing out of the deal. The decision of this case would reduce or increase the chances of compensation of every individual that incurred losses as a result of the FTX financial crisis. 

Binance Prepares Defense as FTX Lawsuit Details Alleged Damaging Transactions

The lawsuit also accuses Sam Bankman-Fried of initiating specific transactions which were detrimental in terms of finance. FTX claims that these transactions made its platform financially unsustainable and led to its bankruptcy. The company expects to use this case in the reorganization as well as creditors’ reimbursement strategies.

On the other hand, Binance, in response to FTX’s accusations, has denied any wrongdoing at all. The company emphasizes its focus on market integrity and states its operational decisions are unrelated to FTX. According to Binance’s legal team, they are working to provide a robust defense against FTX’s allegations.

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FTX Accuses Binance and Zhao in $1.8 Billion Lawsuit 8

Legal Implications for Binance and Zhao

This lawsuit is one of the largest legal threats to face Binance and has become the consequence of the tense relations in the cryptocurrency industry. Analysts observe that the outcome of this case may be a benchmark of how future conflicts in the sector will be dealt with. Thus, during the hearings, the participants of the cryptocurrency industry listen carefully, aware that the stakes are higher than between these two companies.

FTX and Binance have not escaped regulatory issues and still work in the field’s legal framework for their rights and freedoms. The case is not only about money but also tries to establish the legal standards of ethical practice in the cryptocurrency sector. For now, as the court schedules the preliminary hearings, the cryptocurrency community awaits the outcome of this case.

75% of Memecoins Born This Year, But 97% Are Gone: Binance Research

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Key Takeaways:

  • Over 75% of memecoins were launched in the past year, yet 97% have already failed, per Binance Research.
  • Memecoins are driven by fairness, transparency, and accessibility, but exploitation by “pump-and-dump” groups raises concerns.
  • Sustainable success for meme coins may depend on maintaining distinct narratives and genuine community value.

Binance Research recently unveiled an in-depth analysis on memecoins, indicating that although these tokens are designed to reflect key crypto values—such as fairness, transparency, and decentralization—the vast majority haven’t withstood the test of time.

The report says that about 75% of all memecoins have been created in the last year alone, but 97% of these newly created tokens now have fewer-to-no trades at all, turning into “dead” coins. As much hype as they get, it really seems like memecoins have extremely high turnover rates and a high failure rate.

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Source: Binance

Instability in memecoins generally emanates from “Memecoin Groups” that take advantage of retail traders in a pump-and-dump scheme: they artificially jack up the value of a coin and then cash out, leaving the rest at losses.

While blockchain transparency does indeed give the ability to track token movement, finding address owners is tough; clubbing these into one single address is permissible for further exploitation.

The Economic Pull of Memecoins

Despite these pitfalls, the rise of meme coins testifies to one key trend: up 11% from 4% of the altcoin market in 2022. This means heavier interest from the investor community for assets seen to be more fair and accessible, probably driven by socio-economic factors such as inflation and disconnection from traditional finances. With meme coins, it would appear that much of humanity loves a digital-native asset that is much more connected to modern culture than to legacy financial systems.

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Source: Binance

Long-term Prospects: Narratives Over Numbers?

This would, in turn, suggest that further and continued success of such memecoin might be contingent essentially on their speculative value and on developing and maintaining special narratives to which users can relate. In fact, as space progresses in maturity, only those types of memecoin capable of creating distinct identities will, by some point, exist and finally remain part of the ecosystem.

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Source: Binance

While technology-driven coins look toward innovation, memecoin is placing all its bets on a cultural and social appeal- a strategy that could, in a controlled manner, continuously attract investors who seek meaningful interaction within a decentralized market.

While memecoin is creating some interesting opportunities, it is highly risky and subject to market manipulation, so any participation should be done very carefully and with much information.

Related Reading | Bitcoin Crosses Key $70K Mark; Meme Coins Soar Amid Election Hype