FameEX Morning Crypto News Recap | January 9, 2025

Fidelity: Bitcoin Adoption in Reserves by 2025 Will Drive Crypto Market Expansion

Fidelity Digital Assets predicts that by 2025, more countries will include Bitcoin in their strategic reserves, fueling crypto market growth. Analyst Matt Hogan suggests that nations like Bhutan and El Salvador may set an example, encouraging central banks and sovereign wealth funds to acquire Bitcoin for significant returns, driving wider adoption and expansion in the cryptocurrency market.

Altcoin Seasonality Index Drops to 44, a 38-Point Decline from Last Month

The Altcoin Seasonality Index has fallen to 44, down 3 points from yesterday and 38 points from last month, as per Coinmarketcap data. Over the past 90 days, 44 of the top 100 cryptocurrencies by market capitalization have outperformed Bitcoin in performance.

University of Pennsylvania Study Reveals 41% of Republicans Own Cryptocurrency

A University of Pennsylvania study shows 41% of Republicans own cryptocurrencies, while 32% of Democrats do. The two-year survey, with over 22,000 participants, indicates Republicans exhibit more confidence in crypto, with Southeastern states like Texas at the forefront of adoption trends.

EU Probes X Platform for Possible Digital Services Law Violations, Risking 6% Annual Revenue Fine

EU officials are probing Platform X for possible violations of the Digital Services Act, which aims to combat illegal content. If found guilty, the platform could face a fine of up to 6% of its global annual revenue.

Thailand Introduces Phuket Crypto Payment Project, Allowing Tourists to Shop with Digital Assets

Thailand's Deputy Prime Minister, Pichai Chunhavajira, introduced a cryptocurrency payment initiative in Phuket, allowing foreign tourists to make purchases using digital assets. The pilot program will follow Thailand's legal regulations to ensure full compliance and prevent any legal issues.

Czech Central Bank Governor Contemplates Acquiring Bitcoin

Czech Central Bank Governor Aleš Michl expressed interest in acquiring "some Bitcoin" as a diversification strategy for the nation's foreign exchange reserves. This reflects a growing interest from the government in using cryptocurrency as a tool for managing national savings and enhancing financial stability.

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