FameEX Morning Crypto News Recap | December 17, 2024

Satoshi Nakamoto Becomes the World’s 16th Richest Person as Bitcoin Prices Soar

Satoshi Nakamoto, Bitcoin's founder, has become the 16th richest person worldwide with a $106 billion net worth, as Bitcoin's price soared to $106,000, overtaking Michael Bloomberg in the global wealth rankings.

Fed Officials Forecast 25 Basis Point Rate Cut

Pansen macroeconomists Samuel Thomas and Oliver Allen observed a communication breakdown among Federal Reserve officials ahead of this week’s policy decision. Despite this, they anticipate a unanimous 25 basis point rate cut, with Fed Governor Waller already expressing support for the reduction prior to the meeting.

MicroStrategy Acquires Bitcoin for Sixth Straight Week, Bringing Total Holdings to $45 Billion

MicroStrategy has purchased $1.5 billion in Bitcoin, marking its sixth consecutive week of acquisitions. The company's total holdings now amount to $45 billion. To further expand its Bitcoin portfolio, MicroStrategy plans to raise $42 billion over the next three years through share sales and convertible bonds.

Trader Eugene Survey Finds 64% of Participants Believe This Bull Market Has Not Lived Up to Expectations

On December 16, a survey by trader Eugene on X showed 64% of participants felt the current bull market did not meet expectations. KOL Murad noted that returns are more dispersed in the market, urging investors to focus on specific assets rather than using a broad investment approach.

Bitcoin Holdings of Miners Drop by 4.74% in the Last Year

On-chain analyst Maartunn shared IntoTheBlock data indicating a 4.74% drop in miners' Bitcoin balance over the past year, from 1.99 million BTC to 1.9 million BTC. The steady selling of Bitcoin appears aimed at covering operational costs, albeit in small amounts.

UK FCA Launches Public Consultation to Strengthen Cryptocurrency Regulation

The UK Financial Conduct Authority (FCA) has initiated a public consultation to improve cryptocurrency regulation. The goal is to create a balanced framework covering trading activities and stablecoin rules, with draft regulations expected by 2025 and full implementation in 2026. The consultation period ends on March 14, 2025.

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