FameEX Morning Crypto News Recap | December 10, 2024

MicroStrategy Holds Over 2% of Total Bitcoin Supply

As of December 8, 2024, MicroStrategy revealed it holds 423,650 bitcoins, representing 2.017% of the total 21 million bitcoin supply.

Market Turns More Cautious as Christmas Holiday Nears

As the Christmas holiday nears, the market environment has grown more cautious, leading to a significant decline in retail trading volume. In South Korea, cryptocurrency trading volume has dropped dramatically, falling from a peak of $25 billion to $6.6 billion, reflecting reduced activity and investor caution.

Former SEC Official John Reed Stark Urges Pause on Crypto Lawsuits

John Reed Stark argues that Trump’s election reflects public desire for a friendlier U.S. cryptocurrency regulation. He emphasizes respecting democratic election results over digital asset risks and calls for a moratorium on all lawsuits against the cryptocurrency industry.

Altcoin Market Value Surpasses $425 Billion for the First Time

The market value of altcoins, excluding the top 10 cryptocurrencies, exceeded $425 billion last week, reaching this milestone for the first time since November 2021.

Eric Trump Claims Balanced Regulation Could Position the U.S. as a Cryptocurrency Leader

On December 9, Eric Trump stated that reasonable regulations could make the U.S. a cryptocurrency superpower. Speaking in Abu Dhabi, he expressed his long-standing support for cryptocurrencies and plans to establish the U.S. as a global crypto hub if his father returns to the presidency.

Blockstream Co-Founder Adam Back Predicts Bitcoin’s Diminishing Returns Could End Within 2-5 Years

Adam Back, Blockstream co-founder, suggests Bitcoin’s S-curve might steepen, aligning with Hal Finney’s 2009 $200 trillion market estimate. He predicts diminishing returns could break upwards within the next 2-5 years, signaling potential accelerated growth for the cryptocurrency.

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