● The four major banks are expected to start offering crypto asset custody services in 2025
According to Deep Tide TechFlow, analysts expect BNY Mellon, State Street, JPMorgan Chase, and Citi to begin offering crypto asset custody services in 2025. These four major banks collectively manage over $12 trillion in assets, and this development is expected to drive the mainstreaming of the crypto industry and promote institutional and national participation in crypto assets. Analysts believe that an improved regulatory environment will provide these banks with a path to offer custody services, further promoting the legitimization of digital assets.
● Statistics: In 2024, the net inflow of Bitcoin ETF funds is 81 times that of gold ETF
According to Odaily Planet Daily, the statistics for fund inflows into Bitcoin and gold ETFs in 2024 are as follows: Bitcoin: net inflow of $36.8 billion; gold: net inflow of $454 million. The former is approximately 81 times the latter.
● Former CFTC Chairman: Bitcoin's design has determined its scarcity
According to Deep Tide TechFlow, former U.S. Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo stated that Bitcoin's design has established its scarcity, and it can never exceed a certain amount of Bitcoin. Bitcoin is rapidly appreciating.
According to Odaily Planet Daily, Simon Gerovich, CEO of the Japanese listed company Metaplanet, stated that among the 55,000 listed companies worldwide, Metaplanet ranks first in stock price return rate in 2024 among companies with a market value exceeding $250 million and an average daily trading volume of over $50 million, with a return rate of approximately 2600% this year. Metaplanet's stock price ranks first in returns in Japan this year, with a market value soaring by about 6000%. Metaplanet has become one of the largest Bitcoin corporate holders globally, ranking 15th among all listed companies, increasing its Bitcoin reserves from zero to 1,761.
According to Reuters, Michael Rosen, Chief Investment Officer of Angeles Investments, stated: "People hope that taxes and regulations next year can be reduced or diminished, which will help support corporate profits, and corporate profits are the main factor driving the market." Additionally, Trump's inauguration on January 20 next year may bring some surprises to the market, as he is expected to issue at least 25 executive orders on his first day in office, covering a range of issues from immigration to energy and cryptocurrency policy.
● The U.S. Blockchain Association and others sue the IRS over broker rules
According to Odaily Planet Daily, the U.S. Blockchain Association announced that it has filed a lawsuit together with the DeFi Education Fund and the Texas Blockchain Council, questioning the IRS's broker rules. Previously, the U.S. Treasury and the IRS finalized tax reporting requirements for certain cryptocurrency brokers.
