Daily market data (December 24, 2024, 20:35)
ChainDD's market data on December 24 shows the comprehensive DD index and CoinMarketCap quotes:
BTC is priced at $95,827.16, down approximately 2.05% in 24 hours.
ETH is priced at $3,332.51, down approximately 1.93% in 24 hours.
BNB is priced at $648.78, down approximately 0.68% in 24 hours.
DOGE is priced at $0.3126, down approximately 0.97% in 24 hours.
DOT is priced at $6.98, down approximately 1.90% in 24 hours.
Cryptocurrency news
Bloomberg strategists: The current pullback involves not only Bitcoin but also gold and other risk assets; Bitcoin is merely 'normal regression'.
Mike McGlone, senior commodity strategist at Bloomberg Intelligence, explained on platform X why Bitcoin's price has seen recent pullbacks. He noted that the current market pullback actually involves not only Bitcoin but also gold and other risk assets, with Bitcoin's decline being larger due to higher volatility. However, for Bitcoin, it's merely 'a little normal regression'. Mike McGlone also mentioned that while the S&P 500 index did not experience a significant decline in Q4 this year, it does not mean this momentum can be maintained, especially since 2025 is unlikely to sustain growth momentum.
Tether CEO: Actively collaborating with partners to build practical use cases for BTC and USDT.
Tether CEO Paolo Ardoino posted on platform X that Tether is actively collaborating with partners to build the broadest practical use cases for BTC, USDT, and other core free technologies (P2P, privateAI, etc.).
Bloomberg: Singapore issued a total of 13 cryptocurrency licenses in 2024.
In 2024, Singapore issued 13 cryptocurrency licenses to various cryptocurrency operators, including OKX and Upbit, as well as Anchorage, BitGo, and GSR. This number is more than double the licenses issued last year, while Hong Kong's similar approval system is progressing much more slowly. Analysts point out that both Hong Kong and Singapore are competing to attract virtual asset companies to their markets through specialized systems, tokenization projects, and regulatory sandboxes, but progress is uneven. Hong Kong's exchange regulatory system is stricter in many important aspects, such as the custody of customer assets and token listing and delisting policies, which may benefit Singapore's attractiveness.
Russia bans cryptocurrency mining in 10 regions for 6 years.
Starting from January 1, 2025, cryptocurrency mining will be completely banned in 10 regions of Russia (Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, Donetsk and Luhansk People's Republics, as well as Zaporizhia and Kherson regions) for a period of six years. This ban will last until March 15, 2031. Russian lawmakers also approved seasonal restrictions on major cryptocurrency mining regions to prevent blackouts. These restrictions align with the Russian cryptocurrency mining law signed by the president in August and October 2024.
Hong Kong police: Over 2,100 cryptocurrency-related cases received in the first ten months of this year, with losses exceeding 3.1 billion HKD.
During an interview, Legislative Council member Wu Jiezhong stated that the government submitted the (stablecoin regulatory draft) for the first and second readings in the Legislative Council last week, establishing a regulatory system for fiat stablecoin issuers. The first spot ETFs for Bitcoin and Ethereum in Hong Kong were also listed this year. He is optimistic about the integration of the virtual economy of cryptocurrencies with the real economy and hopes the government continues to improve the relevant legal framework to facilitate the industry's development under controllable risks. Wu Jiezhong believes that if the industry develops ideally, it will be crucial for consolidating Hong Kong's position as an international financial center and developing into an international innovation and technology center.
Hong Kong police reported over 3,400 cryptocurrency-related cases last year, with losses exceeding 4.3 billion HKD. In the first ten months of this year, there were over 2,100 cases, with losses exceeding 3.1 billion HKD. Among the related cases, the single highest loss amount was approximately 1.6 billion HKD.
Wu Jiezhong stated that in addition to strengthening regulation and public education, the Hong Kong government also needs citizens to better understand cryptocurrencies, recognize investment risks, avoid being greedy for small gains, choose licensed trading platforms when investing, and act within their means.
Singapore issued a total of 13 cryptocurrency licenses this year, more than double the previous year's number.
Singapore issued 13 cryptocurrency licenses to a range of cryptocurrency operators in 2024, including major exchanges OKX and Upbit, as well as crypto companies Anchorage, BitGo, and GSR. This is more than double the number of licenses issued in the previous year.
However, Hong Kong's similar licensing system is progressing slowly. Both cities are competing to attract digital asset companies through specialized systems, tokenization projects, and regulatory sandboxes. Local authorities believe cryptocurrencies have the potential to enhance their respective jurisdictions' attractiveness as global business centers, but progress is uneven.
Angela Ang, senior policy advisor at consulting firm TRM Labs, stated: 'Hong Kong's exchange regulatory system is significantly stricter in many important aspects, such as customer asset custody and token listing and delisting policies. This may tilt the balance in favor of Singapore.'
The Philippines has released comprehensive regulations for crypto asset management, covering disclosures, public offerings, trading, and marketing activities.
The Philippines Securities and Exchange Commission (SEC) has introduced extensive regulations for crypto asset management, covering disclosures, public offerings, trading, and marketing activities. These regulations aim to enhance investor protection and promote transparency in the thriving digital asset market.
According to new guidelines, issuers of crypto assets must submit disclosure documents to the SEC at least 30 days before any marketing activities or public sales. This document must detail the provider, issuer, key characteristics, risks, and underlying technology of the crypto asset, and clearly state potential risks, including value loss and limited transferability.
Cryptographic assets classified as securities must obtain a registration statement approved by the SEC before being publicly issued. Entities issuing or trading crypto assets must comply with anti-money laundering (AML) laws and SEC reporting requirements. It emphasizes that non-compliance may lead to fines, suspension, or revocation of licenses.
