FameEX Morning Crypto News Recap | January 15, 2025

SEC Chairman Confirms Bitcoin and Ethereum Are Not Securities

Outgoing SEC Chairman Gary Gensler affirmed that Bitcoin and Ethereum have never been classified as securities by the SEC, highlighting that neither he nor former Chairman Jay Clayton ever made such claims.

Fed Expected to Hold Interest Rates Steady for Longer Period

Bank of America economist Stephen Juneau noted that a stronger-than-expected jobs report and robust economic activity have prompted the Federal Reserve to halt rate cuts, as inflation remains above target. He anticipates rates will stay unchanged for a prolonged period, with the next adjustment likely favoring an increase.

US CPI Above Expectations May Prompt Market Sell-Off

Russell Investments analyst BeiChen Lin cautioned that a slightly higher-than-expected U.S. inflation report on Wednesday could trigger sell-offs in bond and stock markets. He emphasized that last Friday’s surprisingly strong employment data has renewed inflation concerns, increasing investor sensitivity to economic developments.

Bitcoin Adoption Surpasses Internet and Mobile Phones, Hitting 300 Million Users in 12 Years

A BlackRock report reveals that Bitcoin adoption has surpassed the Internet and mobile phones in speed. Bitcoin reached 300 million users in just 12 years, compared to 15 years for the Internet and 21 years for mobile phones, growing 20% faster than the Internet.

Spot Crypto ETFs Projected to Exceed $35 Billion Growth by 2024

On January 14, Bitwise strategist Juan Leon revealed that investors poured over $35 billion into spot crypto ETFs in 2024. While 57% of financial advisors plan to boost allocations by 2025, this notable growth trend continues to be overlooked by the market.

Luo Zhuojian Urges Stablecoin Development to Bolster Hong Kong's Financial Center Leadership

Luo Zhuojian, Consultant to the Ministry of Finance, advocated for stablecoin development to bolster Hong Kong's position as a financial hub. He emphasized partnering with global financial institutions to explore stablecoins' potential in international settlements and cross-border transactions, strengthening Hong Kong's competitiveness in the global market.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​