FameEX Morning Crypto News Recap | November 13, 2024

Bitcoin Rises 39% in Current Halving Cycle, Signaling Potential Start of Bull Market

iChainfo data as of November 12 reveals that Bitcoin has risen by 39% in this halving cycle, versus a 119% increase at the same stage in the previous cycle. iChainfo analysis indicates that the market may currently be in the early stages of a bull market.

Bitcoin Search Interest Jumps to 64, Indicating Resurgent Retail Investor Interest in Crypto Market

Google Trends data shows Bitcoin's search interest peaked at 100, then dropped to 64. After an initial decline following the U.S. presidential election, interest has steadily risen, indicating a renewed focus on Bitcoin and growing retail investor engagement in the cryptocurrency market.

U.S. Senator Predicts Strategic BTC Reserve Bill May Pass Early in Trump’s Term

U.S. Senator Cynthia Lummis anticipates the strategic BTC reserve bill could pass within the first 100 days of Trump’s presidency.

Ethereum ETF Inflows Demonstrate Strong Performance, Indicating a Promising Future Outlook

Bloomberg's Eric Balchunas highlighted strong capital inflows into the Ethereum ETF this week, with positive year-to-date performance. The ETHE unlocking period seems to be over, as there have been no outflows for six consecutive days. Although it still lags behind Bitcoin ETF, Ethereum's future in the space looks promising.

Federal Reserve Governor Waller Urges Stablecoin Regulation to Address Run Risks

On November 12, Federal Reserve Governor Waller referred to stablecoins as a synthetic dollar, recognizing their potential benefits for the financial system. However, he stressed the importance of regulation to address the risk of runs and ensure stablecoins are effectively managed to maintain financial stability.

Trump Mulls Recess Appointment to Replace SEC Chairman Gary Gensler

President-elect Trump proposed using recess appointments to bypass Senate confirmation for key government roles, including the SEC chairman. On November 10, he expressed hope that the Senate majority leader would back this approach, allowing immediate appointments without the usual confirmation process. This move would streamline appointments for key positions in his administration.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​