Headlines
▌Economists warn of three major risks: technology bubble, tariff policies, and geopolitical issues.
According to reports, 2024 is about to pass. Looking back over the past year, amid the ongoing AI boom, the Federal Reserve's shift to easing, and the impending arrival of 'Trump 2.0', the three major US stock indices have continuously refreshed historical records in 2024, with the S&P 500 nearly hitting a historical high 60 times this year, the Nasdaq breaking 20,000 for the first time in history, and the Dow Jones reaching 45,000 for the first time. However, warnings are not lacking in the market. Bank of America believes that the biggest risk in 2025 will be a technology bubble. Dr. David Seif, chief economist for developed markets at Nomura, warned in an interview that tariffs and geopolitical shocks are the two biggest potential risks, with tariffs most likely to interrupt the US bull market.
▌BlackRock currently holds 552,500 Bitcoins, with a market value exceeding $52 billion.
BlackRock officially updated its spot Bitcoin ETF holdings as of December 30, holding 552,554 Bitcoins, exceeding 2% of the total Bitcoin supply. Its holdings have a market value of over $52,156,788,405.
Market Trends
As of press time, according to Coingecko data:
BTC's recent transaction price is $93,522.37, with a daily change of -1.5%;
ETH's recent transaction price is $3,354.24, with a daily change of -1.1%;
BNB's recent transaction price is $693.37, with a daily change of -3.9%;
SOL's recent transaction price is $189.86, with a daily change of -2.4%;
DOGE's recent transaction price is 0.3145 yuan, with a daily change of -2.6%;
XPR's recent transaction price is $2.09, with a daily change of -3.9%.
Policy
▌Foreign media: Former German finance minister states that the European Central Bank and the German Central Bank should encourage the inclusion of cryptocurrencies like Bitcoin in their reserves.
According to the German business newspaper Handelsblatt, "Former Federal Finance Minister Christian Lindner stated that the European Central Bank and the German Central Bank should encourage the inclusion of cryptocurrencies like Bitcoin in their reserves."
Blockchain Applications
▌Senator Cynthia Lummis proposed revaluing gold certificates and exchanging them for Bitcoin to provide funding.
Bitcoin Magazine stated on platform X that Senator Cynthia Lummis proposed establishing a strategic Bitcoin reserve for the US, without the need for new funding, by revaluing gold certificates at market value and exchanging them for Bitcoin.
Cryptocurrency
▌Bitcoin mining difficulty increased by 1.16% to 109.78 T this morning, setting a new high.
CloverPool data shows that the Bitcoin mining difficulty adjusted at block height 876,960 (December 30, 2024, 5:55:37) increased by 1.16% to 109.78 T, setting a new historical high. The current network average hash rate is 781.07 EH/s.
▌1confirmation founder: ETH supply has decreased by 0.02% annually over the past two years to 120.4 million.
Nick Tomaino, founder of 1confirmation, posted on platform X, stating, "As internet usage increases, ETH supply has decreased by 0.02% annually over the past two years, down to 120.4 million. During the same period, BTC supply has increased by 1.83% to 19.8 million. By 2140, it will reach 21 million, which is better than trusting central bank governors, but a deflationary economy based on usage and a vibrant application ecosystem is even better for bringing economic freedom to the world. In terms of fundamentals and sound monetary policy, there is no second best."
▌The total on-chain value of the US spot Bitcoin ETF has surpassed $100 billion.
According to Dune data, the total on-chain holding of the US spot Bitcoin ETF has surpassed 1.12 million BTC, currently around 1.129 million BTC, accounting for 5.70% of current BTC supply, with an on-chain holding value reaching approximately $10.68 billion.
Important Economic Dynamics
▌The probability of the Federal Reserve maintaining interest rates in January next year is 89.3%.
According to CME's "FedWatch": The probability of the Federal Reserve maintaining interest rates in January next year is 89.3%, while the probability of a 25 basis point rate cut is 10.7%. By March next year, the probability of maintaining current rates is 51.8%, while the cumulative probability of cutting by 25 basis points is 43.7%, and the cumulative probability of cutting by 50 basis points is 4.5%.
Golden Encyclopedia
▌What is the RLUSD stablecoin from Ripple Labs?
RLUSD is a stablecoin developed by Ripple Labs, the organization behind the XRP cryptocurrency. RLUSD, or Ripple Labs USD, aims to provide a stable digital currency for transactions and trading. As a stablecoin pegged to the US dollar, 1 RLUSD equals 1 dollar. Each RLUSD maintains a 1:1 peg. These collateral assets are either dollar deposits or cash equivalents.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for informational reference only and does not constitute actual investment advice. Everyone should establish the right investment concepts and enhance risk awareness.
