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FameEX Morning Crypto News Recap | December 4, 2023

2023-12-04 12:33:55

Skybridge Capital Founder Scaramucci Anticipates Significant Wall Street Investment Flow into Spot Bitcoin ETFs

Skybridge Capital founder Anthony Scaramucci has forecasted a significant influx of capital from Wall Street into spot Bitcoin exchange-traded funds (ETFs) upon approval by the U.S. Securities and Exchange Commission (SEC). He anticipates that the salesforces of major institutions will be unleashed, potentially resulting in over $100 billion pouring into Bitcoin after spot Bitcoin ETF approvals.

The Total Value Locked (TVL) in DeFi Approaches $50 Billion with a 34.40% Surge in Just 46 Days, Driven by Leading Protocols

The total value locked (TVL) in decentralized finance (DeFi) is approaching $50 billion, currently at $48.91 billion, showing a strong recovery from the low of $36.39 billion recorded 46 days ago on October 18. In this span, DeFi's TVL has surged by 34.40%, indicating its resilience and growth in the crypto space.

Gold Price Approaches Historical Peak in Response to Worldwide Instability, Climbs to $2,071 per Ounce

Over the weekend, the price of an ounce of pure gold approached a historic high, reaching $2,071. This surge nearly equals the record set on August 7, 2020, amid the Covid-19 pandemic, when gold prices reached an all-time peak of $2,072.50 per ounce, marking a significant milestone in the commodity's value during times of global crisis.

Robert Kiyosaki Predicts Major Market Downturn, Conflict, and 'Extremely Challenging Times' for Many

Robert Kiyosaki, author of "Rich Dad Poor Dad," warns of a major impending U.S. economic crisis, including a market collapse, a potential new Great Depression, and war. He stresses that this will lead to difficult times for many, recommending preparation and investment in gold, silver, and bitcoin.

JPMorgan Chief Jamie Dimon Signals Rising Interest Rates and Recession Risk — Clarifies Intent 'Not to Alarm Anyone'

JPMorgan Chase CEO Jamie Dimon cautions of possible adverse events in the U.S. economy, emphasizing his aim isn't to alarm but to prepare for potential risks. He highlights several dangerous, inflationary factors and notes that increasing interest rates could lead to a recession, urging preparedness in response.

Bitcoin Mining Revenue Hits $1.16 Billion in November, Marking Highest Earnings of 2023

In November 2023, bitcoin miners achieved a major milestone, generating $1.16 billion in revenue, the highest for the year. This significant month was notable not just for the total earnings but also for setting a record in monthly fees collected by miners, marking a remarkable achievement in the cryptocurrency mining industry.

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

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