FameEX Morning Crypto News Recap | December 25, 2024

Trump Considers Pro-Crypto Executive Order or $21 Billion Bitcoin Reserve Initiative

The U.S. crypto industry expects President-elect Trump to sign an executive order supporting cryptocurrency on his inauguration day. The industry also advocates for the establishment of a $21 billion national Bitcoin reserve. Analysts believe that while immediate policy changes are unlikely, it will shape future government actions on crypto.

Significant USDT Outflows from Exchanges as 15,000+ Bitcoins Enter

CryptoQuant analyst onatt noted significant USDT outflows from exchanges and an influx of over 15,000 Bitcoins. Despite recent price drops, the spot market is still under persistent selling pressure. 

U.S. Treasury Yields Increase as Markets Forecast Fed Rate Cuts in June

The yield on 10-year U.S. Treasury bonds hit its highest level since early May, while the 2-year yield remained relatively stable. Market expectations are for the Fed to cut interest rates in June, with some analysts forecasting more aggressive easing as inflation slows. The current 10-year yield stands at 4.612%, and the 2-year at 4.353%.

The Top 3 Crypto Trends Captivating Investors in 2024: Meme, AI, and RWA

In 2024, CoinGecko data reveals the top three crypto narratives: Memecoins, AI, and RWA. Memecoins dominate investor interest at 14.36%, followed by AI with 12.58%, and RWA at 8.64%. These trends highlight the increasing focus on these emerging sectors in the crypto market.

ECB May Enforce Sharp Rate Cuts Due to Economic Slump and Political Instability

Ipek Ozkardeskaya, an analyst at a Swiss online bank, highlighted that weak economic growth and political instability in Europe are prompting market expectations for substantial interest rate cuts by the European Central Bank, which could lead to a decline in the euro.

Tether CEO Announces Collaboration with Partners to Broaden BTC and USDT Use Cases

Tether CEO Paolo Ardoino shared that Tether is working with partners to create diverse practical use cases for BTC, USDT, and other core technologies, including P2P and privateAI, to broaden their utility.

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