FameEX Morning Crypto News Recap | December 10, 2024
2024-12-10 06:54:50MicroStrategy 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.
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