FameEX Morning Crypto News Recap | December 13, 2024

Donald Trump Announces Plans to Act on Cryptocurrency and Artificial Intelligence

President-elect Trump announced plans for major initiatives in cryptocurrency and artificial intelligence, emphasizing the need for increased support. He also revealed an upcoming meeting with Amazon founder Jeff Bezos scheduled for next week to discuss related matters.

Trump Proposes Cutting Corporate Tax Rate to 15% to Stimulate Economic Growth

President-elect Trump, at the NYSE opening bell, announced plans to veto budgets failing the "Department of Government Efficiency" goals. He also proposed reducing the corporate tax rate to 15% to stimulate economic growth and attract increased corporate investment.

BlackRock Considers Allocating Up to 2% of Its Portfolio to Bitcoin

BlackRock's December 2024 investment report highlights Bitcoin's high return potential in diversified portfolios ahead of mainstream adoption. However, it advises investors to allocate only 1%-2% of their portfolio to Bitcoin, balancing its high volatility with overall portfolio stability.

Bitcoin's New Funds in 2024 Account for Nearly Half of Its Total Over the Past 15 Years

CryptoQuant CEO Ki Young Ju revealed on X that Bitcoin attracts $80 billion monthly, with nearly half of its 15-year market inflow added in 2024. He emphasized the significance of this growth, suggesting those who don't grasp its implications still lack a full understanding of Bitcoin's potential.

ETH Poised to Surpass $5,000 Amid Rising Demand and Increased On-Chain Activity

CryptoQuant analysts predict Ethereum could surpass $5,000 if rising supply-demand trends and investor interest persist. Increased on-chain activity, daily transactions, and dApp usage have elevated network fees and ETH burns, slowing supply growth and driving Ethereum's potential price surge.

BlackRock's Bitcoin Spot ETF Overtakes Gold ETF in Size

CryptoQuant founder Ki Young Ju revealed that BlackRock's Bitcoin Spot ETF (IBIT) now surpasses its gold ETF in size. With billions flowing into Bitcoin weekly, he highlighted Bitcoin’s $2 trillion market value compared to gold’s $17 trillion, suggesting SmartMoney favors Bitcoin’s growth potential.

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