Headlines
▌Economists warn of three major risks: tech bubble, tariff policies, and geopolitics
According to every news, 2024 is about to pass. Looking back at the past year, with the AI frenzy continuing, the Federal Reserve shifting to easing, and the arrival of "Trump 2.0", the three major US stock indices have continuously refreshed historical records throughout 2024. The S&P 500 has nearly closed at historical highs close to 60 times this year, the Nasdaq has surpassed 20,000 points for the first time in history, and the Dow Jones has hit 45,000 points for the first time. However, there are also many warnings in the market. Bank of America believes that the biggest risk in 2025 will be the tech bubble. David Seif, Chief Economist of Nomura's Developed Markets, warned in an interview that tariff 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 current holdings of the spot Bitcoin ETF. As of December 30, BlackRock's IBIT holds 552,554 Bitcoins, exceeding 2% of the total Bitcoin supply. Its holding market value exceeds $52,156,788,405.
Market dynamics
As of the time of writing, according to Coingecko data:
BTC's recent transaction price is $93,522.37, with a daily fluctuation of -1.5%;
ETH's recent transaction price is $3,354.24, with a daily fluctuation of -1.1%;
BNB's recent transaction price is $693.37, with a daily fluctuation of -3.9%;
SOL's recent transaction price is $189.86, with a daily fluctuation of -2.4%;
DOGE's recent transaction price is 0.3145 yuan, with a daily fluctuation of -2.6%;
XPR's recent transaction price is $2.09, with a daily fluctuation of -3.9%.
Policy
▌Foreign media: Former German Finance Minister says the ECB and the Bundesbank should encourage the inclusion of cryptocurrencies like Bitcoin in their reserves
According to German business newspaper Handelsblatt: "Former Federal Finance Minister Christian Lindner said that the ECB and the Bundesbank should encourage the inclusion of cryptocurrencies like Bitcoin in their reserves."
Blockchain applications
▌Senator Cynthia Lummis proposed to revalue gold certificates and convert them to Bitcoin for funding
Bitcoin Magazine posted on the X platform that Senator Cynthia Lummis proposed to establish a US strategic Bitcoin reserve, providing funding without the need for new capital by revaluing gold certificates to market value and converting them to Bitcoin.
Cryptocurrency
▌Bitcoin mining difficulty adjusted up 1.16% to 109.78 T this morning, reaching a new high
CloverPool data shows that Bitcoin mining difficulty faced an adjustment at block height 876,960 (December 30, 2024, 5:55:37), with mining difficulty increased by 1.16% to 109.78 T, continuing to set a historical high. The current average network hash rate is 781.07 EH/s.
▌1confirmation founder: 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 the X platform stating, "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 believing in central bank governors, but a deflation based on usage and a vibrant application ecosystem bringing economic freedom to the world is even better. In terms of fundamentals and sound monetary policy, there is no second best."
▌The total on-chain holdings value of the US spot Bitcoin ETF exceeds $100 billion
According to Dune data, the total on-chain holdings of the US spot Bitcoin ETF have surpassed 1.12 million BTC, currently at about 1.129 million BTC, accounting for 5.70% of the current BTC supply, with on-chain holdings valued at approximately $106.8 billion.
Important economic dynamics
▌The probability of the Federal Reserve maintaining interest rates unchanged in January next year is 89.3%
Golden Finance reports, according to CME's "Federal Reserve Watch": the probability of the Federal Reserve maintaining interest rates unchanged in January next year is 89.3%, with a 10.7% probability of a 25 basis point rate cut. By March next year, the probability of maintaining the current interest rate unchanged is 51.8%, with a cumulative probability of a 25 basis point rate cut at 43.7%, and a cumulative probability of a 50 basis point rate cut at 4.5%.
Golden Encyclopedia
▌What is 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 trades. As a stablecoin pegged to the US dollar, 1 RLUSD equals 1 dollar. Each RLUSD maintains a 1:1 peg. These collateral assets are either dollar deposits or cash equivalents.
Disclaimer: Golden Finance, as a blockchain information platform, publishes articles for informational reference only and does not constitute actual investment advice. Please establish correct investment concepts and enhance risk awareness.
