Headlines
▌Economists warn of three major risks: technology bubble, tariff policy, and geopolitical issues
According to every day, 2024 is about to pass. Looking back over the past year, against the backdrop of the continuing 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 set historical records in 2024, with the S&P 500 index nearly 60 times closing at a historical high within the year, the Nasdaq breaking 20,000 points for the first time in history, and the Dow Jones standing above 45,000 points for the first time. However, there are also many warning voices in the market. Bank of America believes that the greatest risk in 2025 will be the technology bubble. Dr. David Seif, Chief Economist of Nomura's Developed Markets, reminded 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 official updates the spot Bitcoin ETF holdings information, as of December 30, BlackRock IBIT holds 552,554 Bitcoins, exceeding 2% of the total Bitcoin supply. Its holdings market value exceeds $52,156,788,405.
Market
As of the time of writing, according to Coingecko data:
The recent transaction price of BTC is $93,522.37, with a daily change of -1.5%;
The recent transaction price of ETH is $3,354.24, with a daily change of -1.1%;
The recent transaction price of BNB is $693.37, with a daily change of -3.9%;
The recent transaction price of SOL is $189.86, with a daily change of -2.4%;
The recent transaction price of DOGE is 0.3145 yuan, with a daily change of -2.6%;
The recent transaction price of XPR is $2.09, with a daily change of -3.9%.
Policy
▌Foreign media: Former German Finance Minister says that the European Central Bank and the German Central Bank should encourage the inclusion of cryptocurrencies like Bitcoin into their reserves
According to the German business newspaper Handelsblatt: "Former Federal Finance Minister Christian Lindner said that the European Central Bank and the German Central Bank should encourage the inclusion of cryptocurrencies like Bitcoin into their reserves."
Blockchain applications
▌Senator Cynthia Lummis proposed revaluing gold certificates and exchanging them for Bitcoin to provide funding
Bitcoin Magazine posted on X platform that Senator Cynthia Lummis proposed establishing a strategic Bitcoin reserve for the US, funded without the need for new capital, by revaluing gold certificates to market value and exchanging them for Bitcoin.
Cryptocurrency
▌Bitcoin mining difficulty was raised by 1.16% to 109.78 T this morning, setting a new record high
CloverPool data shows that Bitcoin mining difficulty was adjusted at block height 876,960 (December 30, 2024, 5:55:37), with mining difficulty raised by 1.16% to 109.78 T, setting a new historical high. The current average network hash rate is 781.07 EH/s.
▌Founder of 1confirmation: The supply of ETH has decreased by 0.02% annually over the past two years to 120.4 million
Nick Tomaino, founder of 1confirmation, posted on X platform that "as network usage increases, the supply of ETH has decreased by 0.02% annually over the past two years to 120.4 million. During the same period, the supply of BTC has increased by 1.83% to 19.8 million. It will reach 21 million by 2140, which is better than trusting central bank governors, but a deflationary economy based on usage and a vibrant application ecosystem brings economic freedom to the world, which is even better. In terms of fundamentals and sound monetary policy, there is no second best."
▌The total on-chain holding value of the US spot Bitcoin ETF has exceeded $100 billion
According to Dune data, the total on-chain holdings of the US spot Bitcoin ETF have exceeded 1.12 million BTC, currently approximately 1.129 million BTC, accounting for 5.70% of the current BTC supply, with an on-chain holding value reaching about $10.68 billion.
Important economic dynamics
▌The probability that the Federal Reserve will keep interest rates unchanged in January next year is 89.3%
According to Golden Finance, based on CME 'Fed Watch': The probability that the Federal Reserve will keep interest rates unchanged in January next year is 89.3%, with a 10.7% probability of a 25 basis point rate cut. The probability of maintaining the current interest rate unchanged by March next year is 51.8%, with a cumulative probability of a 25 basis point rate cut of 43.7% and a cumulative probability of a 50 basis point rate cut of 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 is equivalent to 1 dollar. Each RLUSD maintains a 1:1 peg. These collateral assets are either US dollar deposits or cash equivalents.
Disclaimer: Golden Finance, as a blockchain information platform, publishes articles for informational reference only and not as actual investment advice. Please establish a correct investment concept and be sure to improve risk awareness.
