Headlines
▌Economists warn of three major risks: tech bubble, tariff policy and geopolitics
According to Caijing, 2024 is about to pass. Looking back on the past year, against the backdrop of the continued AI boom, the Fed's shift to easing, and the imminent arrival of "Trump 2.0", the three major US stock indexes have continued to hit new highs in 2024, with the S&P index reaching a new high nearly 60 times this year, the Nasdaq breaking 20,000 points for the first time, and the Dow reaching 45,000 points for the first time. However, there are also warnings in the market. Bank of America believes that the biggest risk in 2025 will be the tech bubble. Dr. David Seif, chief economist of Nomura's developed markets, reminded in an interview with reporters that tariffs and geopolitical shocks are the two biggest potential risks, with tariffs being the most likely to interrupt the US bull market.
▌BlackRock currently holds 552,554 Bit, worth over $52.16 billion
BlackRock has updated the holdings information of its spot Bit ETF. As of December 30, BlackRock's IBIT holds 552,554 Bit, exceeding 2% of the total Bit supply. Its holdings are worth over $52,156,788,405.
Market
As of the time of writing, according to Coingecko data:
BTC's latest trading price is $93,522.37, with a daily change of -1.5%;
ETH's latest trading price is $3,354.24, with a daily change of -1.1%;
BNB's latest trading price is $693.37, with a daily change of -3.9%;
SOL's latest trading price is $189.86, with a daily change of -2.4%;
DOGE's latest trading price is $0.3145, with a daily change of -2.6%;
XRP's latest trading price is $2.09, with a daily change of -3.9%.
Policy
▌Foreign media: Former German Finance Minister says ECB and Bundesbank should encourage the inclusion of cryptocurrencies like Bit in their reserves
According to the German business newspaper Handelsblatt, "Former Federal Finance Minister Christian Lindner said that the European Central Bank and the Bundesbank should encourage the inclusion of cryptocurrencies like Bit in their reserves."
Blockchain Applications
▌Senator Cynthia Lummis proposes to revalue gold certificates and exchange them for Bit to provide funding
Bitcoin Magazine posted on the X platform that Senator Cynthia Lummis proposed to establish a US strategic Bit reserve, without the need for new funding, by revaluing gold certificates at market value and exchanging them for Bit.
Cryptocurrencies
▌Bit mining difficulty increased by 1.16% to 109.78 T this morning, setting a new high
CloverPool data shows that the Bit mining difficulty saw an adjustment at block height 876,960 (December 30, 2024 5:55:37 AM), with the mining difficulty increasing by 1.16% to 109.78 T, setting a new all-time high. The current network average hashrate is 781.07 EH/s.
▌1confirmation founder: ETH supply has decreased by 0.02% per year over the past two years to 120.4 million
1confirmation founder Nick Tomaino posted on the X platform that "with the increase in network usage, the supply of ETH has decreased by 0.02% per year over the past two years to 120.4 million. During the same period, the supply of BTC has increased by 1.83% per year to 198 million. It will reach 210 million by 2140, which is better than believing central bank governors, but economic freedom brought by deflationary use and a vibrant application ecosystem is even better. In terms of fundamentals and sound monetary policy, there is no second best."
▌The total holdings value of US spot Bit ETFs has exceeded $106.8 billion
According to Dune data, the total holdings of US spot Bit ETFs have exceeded 1.129 million Bit, accounting for 5.70% of the current Bit supply, with a total holdings value reaching about $106.8 billion.
Important Economic Dynamics
▌The probability of the Fed keeping rates unchanged in January 2024 is 89.3%
According to the CME "Fed Watch": The probability of the Fed keeping rates unchanged in January 2024 is 89.3%, and the probability of a 25 basis point rate cut is 10.7%. By March 2024, the probability of keeping the current rate unchanged is 51.8%, the probability of a cumulative 25 basis point rate cut is 43.7%, and the probability of a cumulative 50 basis point rate cut is 4.5%.
Jinse Encyclopedia
▌What is Ripple Labs' RLUSD stablecoin?
RLUSD is a stablecoin developed by Ripple Labs, the organization behind the XRP cryptocurrency. RLUSD, or Ripple Labs USD, is intended to provide a stable digital currency for trading and transactions. As a stablecoin pegged to the US dollar, 1 RLUSD is equivalent to 1 US dollar. Each RLUSD is maintained at a 1:1 peg. These collateral assets are either US dollar deposits or cash equivalents.
Disclaimer: Jinse Finance, as a blockchain information platform, the articles published are for information reference only and do not constitute actual investment advice. Please everyone establish the correct investment concept, and must improve risk awareness.
