FameEX Morning Crypto News Recap | December 26, 2024

U.S. Senator Suggests Allocating Gold Profits to Finance Bitcoin Acquisitions

U.S. Senator Cynthia Lummis proposed leveraging unrealized gains from the U.S. gold reserves, valued at $42 per ounce but worth $2,650 in the market, to finance Bitcoin purchases. This plan avoids raising taxes or issuing additional national debt while utilizing the Treasury and Federal Reserve’s 8,100-ton gold holdings.

Analysts Forecast Ethereum's Strength Over Bitcoin May Trigger Altcoin Surge

Analysts predict Ethereum’s relative strength against Bitcoin could increase in January, potentially sparking an “altcoin boom.” TradingView data shows the ETH/BTC exchange rate has risen 3.5% over the past 30 days, currently trading near 0.03553.

U.S. Stocks Hit Record Highs as Trump’s New Term Faces Potential Challenges

Market indicators reveal that Trump will face the highest U.S. stock market valuation in history during his new term. U.S. household stock allocations have climbed from 48.3% in early 2024 to 51.8%. Historical data since 1952 suggests this indicator has strong predictive power, with projections indicating a -1.5% annualized return for U.S. stocks between 2025 and 2029.

Market Retracements Ease as Bitcoin Bull Run Gains Strength

Glassnode data reveals that while Bitcoin bull markets typically experience sharp price surges accompanied by intense selling pressure, the severity of market pullbacks has gradually weakened as the market size continues to expand, signaling increased stability during each bull cycle.

Women Show Greater Optimism About the Future of Blockchain Gaming

The BGA 2024 annual report reveals that 38.9% of female Web3 gamers anticipate blockchain adoption in the gaming industry will surpass 40% within the next year, compared to just 25.1% of male respondents. Almost 50% of male respondents believe that blockchain adoption in the gaming industry will remain below 20% over the next 12 months, whereas only 25% of female respondents share this outlook.

SEC to Downsize Commissioner Team as Peirce Predicts Shift in Crypto Industry Stance

Starting next year, the U.S. SEC will temporarily downsize its commissioner team until the Senate approves the presidential nominee. Republican commissioners Hester Peirce and Mark Uyeda will remain active. Peirce stated that with SEC Chairman Gary Gensler's departure, the agency’s stance on the crypto industry is expected to shift significantly.

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