FameEX Morning Crypto News Recap | December 16, 2024

Bitcoin Climbs for Seven Consecutive Weeks Amid Market Focus on Fed Decision

Bitcoin has risen for seven consecutive weeks, marking its longest streak since 2021. As the final major monetary policy week of 2024 nears, market focus turns to central banks, especially the Federal Reserve’s interest rate decisions and economic outlook, which are expected to influence global financial markets significantly.

Crypto Developer Growth Slows in 2024 While Asia Becomes a Central Hub

Crypto developer growth in 2024 slowed slightly, though long-term trends remain strong. Asia surpassed North America as the top region for developers, with India taking a prominent role. The significant rise in senior developers underscores the ecosystem's maturity and its sustained potential for growth and innovation.

Bitcoin Miners Sell More Than 140,000 BTC in December

Crypto analyst Ali, using Santiment data, reported Bitcoin miners sold 140,000+ BTC valued at $13.72 billion in December.

Fidelity Invests $250 Million in ETH This Week, Representing 16% of Its Historical Inflows

Arkham reveals Fidelity's $250 million ETH acquisition this week, accounting for 16% of its cumulative historical inflows into Ethereum.

BlackRock CEO Highlights Confidence in Bitcoin's Core Technology

BlackRock CEO Larry Fink affirmed his confidence in Bitcoin's underlying technology on December 15.

Licensed Asset Management Firms in Hong Kong Rise 24% YoY, Setting a New Record for Start-Ups

Hong Kong Financial Secretary Paul Chan highlighted in "The Secretary's Essays" that licensed asset management companies grew 24% year-on-year last quarter, while open-end fund companies surged by 132%, reflecting the city's growing financial sector and its expanding investment opportunities.

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