According to ChainCatcher, based on analysis by OKG Research, the FIT 21 bill, legislation related to stablecoins, and the repeal of the SAB 121 proposal are the three most likely and crucial cryptocurrency regulations to emerge in the future. If the FIT 21 bill passes, it is expected to promote the launch of spot ETFs for cryptocurrencies like SOL and XRP, injecting new energy into the DeFi sector, especially through exemption policies and RWA integration. At the same time, the SEC may allow staking for Ethereum spot ETFs, which will attract attention from staking projects in the DeFi ecosystem. The market share of stablecoins in cross-border payments and settlements will continue to grow, expected to surpass traditional financial institutions like Visa. The repeal of the SAB 121 proposal will simplify compliance burdens for crypto custodians, attracting more banks and institutional investors into the crypto space.
● Weekly Review: BTC breaks $100,000, XRP market cap surpasses Solana
According to DLNews, BTC broke $100,000 this week, with analysts predicting it will reach $200,000 by 2025. Meanwhile, the altcoin market has risen over 70% since November 5, with a total market cap exceeding $1.6 trillion.
Ripple-related XRP has performed outstandingly, rising nearly 42% in the past seven days, with a market cap of $130 billion, surpassing Solana to become the fourth largest cryptocurrency in the world. Analysts expect the price of XRP to double to $5 to $7 in the first half of 2025.
With SEC Chairman Gary Gensler's departure, Ripple's legal issues may ease. Several companies have submitted applications to the SEC for the launch of XRP and Solana ETFs. Investors are optimistic about the application prospects of XRP.
In addition, Trump appointed Paul Atkins as the new SEC commissioner, likely to succeed Gensler. Celsius founder Alex Mashinsky admitted to two counts of fraud. Trump also appointed David O. Sacks as the White House AI and cryptocurrency director, further promoting the development of the cryptocurrency industry.
● US November non-farm employment increased by 227,000, the largest increase since March 2024
According to BlockBeats, the US November seasonally adjusted non-farm employment increased by 227,000, the largest increase since March 2024.
● The US November unemployment rate meets expectations
According to Jinshi, the US November unemployment rate is 4.2%, as expected, with a previous value of 4.10%.
● Analysts say next week's CPI report may affect the Fed's 2025 interest rate forecast
According to Jinshi data, analyst Anstey stated that next week's CPI inflation report could have a significant impact on the Fed's 2025 interest rate forecast. Wage growth has exceeded expectations, and inflation in the service sector (excluding housing) will be particularly noteworthy.
● Analysts say the likelihood of a Fed rate cut in December remains unchanged
According to Jinshi data, analyst Joseph stated that current data is insufficient to change the likelihood of a Fed rate cut in December. The rise in US Treasury yields reflects market concerns about strong employment report data. A slightly higher unemployment rate may comfort the Fed. However, following this trend, a rate cut in December may lead to a pause in rate cuts in January.
● The top 10 listed companies hold over 527,000 BTC, accounting for 2.66% of Bitcoin's supply
According to Odaily Planet Daily, Cointelegraph posted on platform X that the top 10 listed companies currently hold over 527,000 BTC, accounting for 2.66% of Bitcoin's supply.
