FameEX Morning Crypto News Recap | December 26, 2024

U.S. Senator Proposes Using Gold Profits to Acquire Bitcoin Reserves

U.S. Senator Cynthia Lummis suggested using unrealized gains from the U.S. gold reserves—valued at $42 per ounce but priced at $2,650 in the market—to fund Bitcoin purchases. Her proposal utilizes the Treasury and Federal Reserve’s 8,100-ton gold stockpile without raising taxes or issuing new national debt.

Analysts Predict Ethereum’s Strength Against Bitcoin Could Ignite Altcoin Rally

Analysts foresee Ethereum’s relative strength against Bitcoin rising in January, potentially igniting an “altcoin boom.” TradingView data reveals the ETH/BTC exchange rate has climbed 3.5% over the past 30 days and is now trading around 0.03553.

U.S. Stocks Reach All-Time Highs Amid Uncertainty in Trump’s New Term

Market indicators suggest that Trump will face the highest U.S. stock market valuation in history during his new term. U.S. household stock allocations have increased from 48.3% in early 2024 to 51.8%. Historical data since 1952 highlights this indicator’s predictive accuracy, forecasting a -1.5% annualized return for U.S. stocks between 2025 and 2029.

Bitcoin Bull Market Sees Gradually Weakening Retracements

According to Glassnode data, Bitcoin bull markets often see sharp price surges and intense selling pressure. However, as the market size grows, the severity of pullbacks has progressively decreased, indicating greater stability and resilience during each bull cycle.

Women Express Higher Optimism for the Future of Blockchain Gaming

The BGA 2024 annual report indicates that 38.9% of female Web3 gamers expect blockchain adoption in the gaming industry to exceed 40% within the next year, compared to only 25.1% of male respondents. Nearly half of male respondents believe blockchain adoption in the gaming industry will stay below 20% in the next 12 months, while only 25% of female respondents share this perspective.

SEC Plans Commissioner Team Reduction; Peirce Foresees Evolving Crypto Industry Stance

Beginning next year, the U.S. SEC will temporarily reduce its commissioner team size until the Senate confirms a new presidential nominee. Republican commissioners Hester Peirce and Mark Uyeda will continue their roles. Peirce indicated that SEC Chairman Gary Gensler's departure could lead to a significant shift in the agency’s approach to cryptocurrency regulation.

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