FameEX Morning Crypto News Recap | December 25, 2024

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

The U.S. crypto industry anticipates President-elect Trump will issue an executive order supporting cryptocurrency on his inauguration day. The industry also seeks the creation of a $21 billion national Bitcoin reserve. Analysts suggest that while the policy won't change immediately, it will set the direction for future government action on crypto.

Large USDT Outflows from Exchanges as Over 15,000 Bitcoins Flow In

CryptoQuant analyst onatt observed large USDT outflows from exchanges, with over 15,000 Bitcoins flowing in. Despite a recent price decline, the spot market continues to experience consistent selling pressure.

U.S. Treasury Yields Climb as Markets Anticipate Fed Rate Cuts in June

The yield on 10-year U.S. Treasury bonds reached its highest level since early May, while the 2-year yield fluctuated within a narrow range. Markets expect the Fed to cut interest rates in June, with some analysts predicting greater easing efforts due to cooling inflation. The current 10-year yield is 4.612%, and the 2-year yield is 4.353%.

The Top 3 Crypto Narratives Driving Investor Interest in 2024: Meme, AI, and RWA

According to CoinGecko, the top three crypto narratives in 2024 are Memecoins, AI, and RWA. Memecoins lead with 14.36% of investor interest, followed by AI with 12.58%, and RWA with 8.64%. These trends reflect the growing investor focus on these emerging sectors in the cryptocurrency space.

ECB Could Implement Significant Rate Cuts Amid Economic Weakness and Political Turmoil

Swiss online bank analyst Ipek Ozkardeskaya noted that weak economic growth and political turmoil in Europe have led the market to expect significant interest rate cuts by the European Central Bank, which is likely to cause the euro to decline.

Tether CEO Reveals Efforts with Partners to Expand BTC and USDT Use Cases

Tether CEO Paolo Ardoino stated that Tether is collaborating with partners to develop a wide range of practical use cases for BTC, USDT, and other core technologies, including P2P and privateAI.

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