FameEX Morning Crypto News Recap | December 4, 2024

Bitcoin Long-Term Holders' Holdings Drop to 12.45 Million, Hitting New Low for 2022

IntoTheBlock data reveals that long-term Bitcoin holders now hold 12.45 million BTC, the lowest since July 2022. The reduction in holdings during this cycle is 9.8%, a smaller drop compared to 15% in 2021 and 26% in the 2017 bull market cycles.

US Spot Bitcoin ETF Holds Just 13,000 Fewer Bitcoins Than Satoshi Nakamoto’s Wallet

The US spot Bitcoin ETF holds 1,083,000 Bitcoins, just 13,000 Bitcoins shy of surpassing Satoshi Nakamoto's estimated holdings of 1,096,000. This highlights the growing significance of institutional Bitcoin investments, narrowing the gap with the legendary creator's wallet.

Altcoin Seasonal Index Hits Annual Peak of 83

On December 3, CoinMarketCap data revealed the Altcoin Seasonal Index reached an annual high of 83. This index tracks whether altcoins dominate the market. Over the past 90 days, 83 of the top 100 cryptocurrencies by market cap outperformed Bitcoin, signaling an altcoin-driven market season.

South Korea to Enable Universities and Local Governments to Liquidate Crypto Donations

Starting next year, South Korea plans to enable universities and local governments to accept cryptocurrency donations. The government also intends to gradually permit companies to open virtual asset won accounts, expanding cryptocurrency integration.

France Proposes Taxing Bitcoin as Unproductive Property

French Senator Sylvie Vermeillet proposed classifying Bitcoin and digital assets as non-productive property in the 2025 budget, suggesting a tax on unrealized gains. Finance Minister Laurent Saint-Martin supported the proposal, citing fairness in taxing Bitcoin alongside real economy assets like real estate and luxury goods.

Trump Likely to Nominate Paul Atkins as SEC Chairman, Kalshi Predicts 93% Probability

Kalshi predicts a 93% chance that Trump will nominate Paul Atkins as SEC Chairman, although the probability later fell below 90%. Sources confirm Trump has contacted Atkins and is awaiting his acceptance, making Atkins the frontrunner over other candidates.

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