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Silliest memecoins of 2024: Farts, felines and a famous dead squirrel Memecoins have become a ubiquitous part of crypto culture and saw a massive year in 2024, with the tokens now amassing a total market cap above $60 billion, rising from around $23 billion at the start of the year. Platforms like Pump.fun on Solana have made memecoin creation easier than ever, and ā ļø
2024 is coming to an end, and amidst the excitement generated by the apparent economic recovery in the last months of the year, concerns arise once again that the dreaded recession may occur in 2025. This is a topic that has been touched upon by all analysis firms in their forecasts. Amid an economy showing strong signs of resilience, analysts are divided on the likelihood of an economic recession in the near future. Hence, the forecasts for 2025 vary among experts. JP Morgan's analysis stands out, which estimates a 45% probability of a recession by the end of 2025. "While we recognize uncertainties related to the political context, we have not modified our assessment of the likelihood of a recession at the end of next year," said Bruce Kasman, global chief economist at JP Morgan. The bank makes these observations, even though it believes that the global macroeconomic outlook could become more fluid in 2025. This, as markets face increasing complexity.
#TopContentChallenge# Hong Kong sets its sights on strategic Bitcoin reserves Wu Jiezhuang, Chairman of the Hong Kong Web3 Crypto Asset Development Subcommittee, suggested that Hong Kong should pilot the inclusion of Bitcoin in the Exchange Fund by taking advantage of the "One Country, Two Systems" advantage. The Treasury Bureau's response stated that as of now, crypto assets are not targeted investments for the Exchange Fund. However, it was added that external investment managers may have minor exposure to crypto assets through diversified portfolios. Hong Kong may be well on its way to a strategic Bitcoin reserve, considering its crypto-friendly efforts over the past few years. As of now, the Hong Kong Stock Exchange lists 12 cryptocurrency-linked ETFs with a total market capitalization of approximately HK$7.4 billion. In addition, Hong Kong may make a similar move in the future, with other smaller countries such as El Salvador setting a precedent. Does Ch reserve plan for the US and accumulate over 1 million Bitcoins, exceeding the previous proposal. Will there be a BTC move from Germany? Former German Finance Minister Christian Lindner suggested that the European Central Bank (ECB) and the German Bundesbank consider adding Bitcoin to their reserves. This proposal comes shortly after a similar request from a European parliamentarian last week. #ChristmasWonderland: Celebrate the New Year With $50,000 Rewards##Crypto Market Year-End Predictions#