The U.S. cryptocurrency industry expects that incoming President Trump will issue an executive order supporting cryptocurrency on his first day in office, as a roadmap. Polygon Labs Chief Legal and Policy Officer Rebecca Rettig stated, "Given the atmosphere of the campaign, the executive order must really clarify the actual priorities for Day One and provide some kind of roadmap." Trump has recently nominated Stephen Miran and Bo Hines, both supporters of cryptocurrency, to the Economic and Digital Assets Committee. Additionally, Trump has selected another cryptocurrency supporter, Paul Atkins, to be the new chairman of the U.S. SEC. The cryptocurrency industry has outlined key priorities it hopes Trump will address through the executive order, the first being the establishment of a national strategic reserve for Bitcoin worth up to $21 billion. However, some analysts believe that the Bitcoin reserve plan is the least likely executive order to materialize on Day One. Even if it were to happen, it would only signal to institutional officials and would not have legal force, as federal banking regulators are independent. Klaros Group partner Jonah Krane assessed, "(They) are not going to change policy on Day One. But they will tell you which direction this administration wants to go in." Another item on the cryptocurrency industry's list is making it easier for crypto companies to access banking services in the U.S., which is different from the Bitcoin reserve. Krane stated that he would not be surprised if a broader executive order is issued on Day One requiring agencies to re-evaluate their rules in this area. The final item is to establish a coordinating committee to promote the growth and regulation of the U.S. cryptocurrency industry. The first step is to nominate David Sacks to lead cryptocurrency and artificial intelligence regulation. Industry insiders believe these measures will send a strong signal to the market, reinforcing Trump's commitment to becoming the "Crypto President." Trump transition team spokesperson Brian Hughes stated in a statement, "The swamp of bureaucracy in Washington has been trying to stifle innovation... but President Trump will deliver on his promise to encourage America to take a leadership role in the cryptocurrency space."

Price drop
At 17:55 (09:55 GMT) on December 20, 2024 (Friday), XRP was trading around 2.1385, a significant drop of 10.31%, and this was the largest daily drop since December 9, 2024, indicating that its price trend has undergone a relatively drastic downward change in the short term, and investors may face a greater risk of book losses. Market value changes
Decline in total market value: This decline caused the total market value of XRP to drop to 125.4863B US dollars. Compared with the previous high of 155.2807B US dollars, the market value has shrunk significantly, which means that the value of this currency in the entire cryptocurrency market has been greatly reduced. Changes in market capitalization share: Its share in the total market capitalization of cryptocurrencies has dropped to 3.85%. However, in the past 7 trading days, as of press time, its total market capitalization within 24 hours was US$21.8848B, accounting for 7.56% of the total market capitalization of all cryptocurrencies. The share data has changed significantly in different time dimensions, reflecting that its position and influence in the entire cryptocurrency market landscape are in dynamic changes with price fluctuations. Price range
In the past 24 hours: The price has been trading between US$2.1385 and US$2.3536, indicating that there is a certain range of price fluctuations within a day, and there are short-term price fluctuations. In the past 7 trading days: XRP has been trading between $2.1371 and $2.7239. The overall price range also reflects the upper and lower limits of its price fluctuations in the past week. Compared with the historical high of $3.29 on January 4, 2018, the current price is 35.00%, indicating that there is still a large gap from the historical high. In the long run, its price is still at a relatively low level and has not yet recovered to its previous glory. It also implies that there is uncertainty in the subsequent price trend. It may continue to repair to the historical high or further decline.
Overall, XRP's recent performance in terms of price and market value is not optimistic and is in a downward trend. In the future, it is necessary to pay close attention to its related dynamics and many factors affecting the cryptocurrency market (such as policies, industry development, market sentiment, etc.) to judge its trend.

The U.S. Securities and Exchange Commission (SEC) has officially released documents approving the listing applications for the Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF. Notably, these two ETFs will directly hold spot Bitcoin and Ethereum, with their asset allocation ratios flexibly determined based on market capitalization and free float, and they will commence trading on the Nasdaq and Cboe BZX exchanges.
In the approval documents, the SEC specifically pointed out that the CME (Chicago Mercantile Exchange) Bitcoin and Ethereum futures markets exhibit a strong and tight correlation with the spot market. Thanks to the comprehensive regulatory sharing agreements established between Nasdaq, Cboe BZX, and CME, regulators can effectively monitor the market from multiple angles, promptly detect and defend against potential market risks, ensuring the safety of investors.
Moreover, to ensure market transparency, both ETFs are required to strictly adhere to a series of information disclosure guidelines. This includes real-time updates of the fund's reference net asset value every 15 seconds, as well as the precise and detailed publication of key information such as net asset value on the relevant exchange websites, ensuring that investors can grasp the fund dynamics in real-time and make informed investment decisions.

Donald Trump and his family's layout in the cryptocurrency industry has evolved from the early release of NFTs to the current World Liberty Financial (WLFI) project, which focuses on the decentralized finance (DeFi) platform, providing innovative financial solutions. The WLFI project not only reflects its layout of cryptocurrency assets in the purchase of tokens such as ETH, AAVE, and LINK, but also represents Trump's core direction in promoting the development of cryptocurrency. To some extent, its project can lead to new ideas for the U.S. government's regulation of cryptocurrency, especially with the passage of the '21st Century Financial Innovation and Technology Act,' which can provide legitimacy and transparency for decentralized and functional tokens in the cryptocurrency industry.

Several cabinet members nominated by Trump, including David Sacks and Robert F. Kennedy Jr., are staunch supporters of cryptocurrency. In particular, David Sacks not only holds a large amount of Bitcoin and Solana but has also invested in several cryptocurrency projects through the venture capital firm he founded. Robert F. Kennedy Jr. also purchased Bitcoin during his campaign, clearly expressing support for cryptocurrency and even proposing a policy to back the dollar with hard assets like Bitcoin.
The inclusion of these cryptocurrency-friendly figures can not only promote the implementation of U.S. government policies on cryptocurrency but also further accelerate the rapid development of the cryptocurrency industry.

Against the backdrop of recent volatility in the cryptocurrency market, the continued influx of capital into Bitcoin and Ethereum spot ETFs highlights investors' strong interest and confidence in digital assets. This trend not only solidifies the core position of Bitcoin BTC and Ethereum in the global financial system but also paves the way for digital assets to gradually enter mainstream financial markets. With the ongoing participation of institutional investors, cryptocurrencies are gradually becoming key tools for hedging against inflation and wealth management.

Particularly on December 18, 2023, Bitcoin and Ethereum spot ETFs attracted inflows of $275 million and $2.45 million, respectively, demonstrating the market's strong recognition of these digital assets. The sustained growth of Bitcoin ETFs is primarily driven by institutional investors, while Ethereum ETFs steadily attract funds thanks to their widespread application in decentralized finance (DeFi). Although the cryptocurrency market still faces short-term volatility, especially influenced by macroeconomic changes, the growth trend of these inflows indicates that the appeal of digital assets as long-term investments is becoming increasingly significant.

Friends! In the cryptocurrency world, without the help of wealthy benefactors and without talent, one must endure through three cycles.
Entering the cryptocurrency space is like stepping into a treasure legend world; stories of getting rich and online messages attract everyone like a magnet, whether they are conservative or love to take risks. Initially, the market surges crazily, and everyone is focused on making money, unaware of the dangers. When the bear market arrives, cryptocurrency prices plummet, many lose all their capital, dreams are shattered, leaving only disappointment.
After experiencing the first round of bull and bear markets, some people do not give up and crave wealth even more. During market fluctuations, they act like detectives, gathering information and learning about market timing. When the bull market comes again, although they make money, greed leads them to miss the best selling points. As the bear market approaches again, they hold onto their positions, hoping against hope.
After enduring the bear market, survivors understand the market's cruelty. Their assets may be dwindling, but their beliefs shine like stars. After hard learning, they become adept at selecting targets and judging market trends, able to calmly sell during market chaos. Ultimately, their assets grow, and they become millionaires. This journey from a clueless novice to standing firm represents a difficult transformation.