FameEX Morning Crypto News Recap | December 16, 2024

Bitcoin Rises for Seven Straight Weeks as Fed Decision Draws Market Focus

Bitcoin has achieved its longest consecutive rise since 2021, climbing for seven straight weeks. As 2024's final major monetary policy week approaches, market attention shifts to central bank decisions, particularly the Federal Reserve’s interest rate policies and economic outlook, which could significantly impact global financial markets.

Crypto Developer Growth Slows in 2024 as Asia Emerges as a Key Focus

Crypto developer growth slowed in 2024, though the long-term trend remains positive. While total numbers slightly declined, Asia surpassed North America as the leading region for crypto developers, with India playing a major role. Increased senior developer numbers highlight the ecosystem's ongoing maturity and sustained development potential.

Bitcoin Miners Offload Over 140,000 BTC in December

Crypto analyst Ali, referencing Santiment data, revealed Bitcoin miners sold over 140,000 BTC worth $13.72 billion in December.

Fidelity Buys $250 Million in ETH This Week, Making Up 16% of Its Total Historical Inflows

Arkham reports Fidelity's $250 million ETH purchase this week, representing 16% of its total historical inflows.

BlackRock CEO Expresses Confidence in Bitcoin's Underlying Technology

On December 15, BlackRock CEO Larry Fink expressed confidence in Bitcoin's underlying technology.

Hong Kong's Licensed Asset Management Firms Grow 24% YoY as Start-Ups Hit Record High

Hong Kong Financial Secretary Paul Chan revealed in "The Secretary's Essays" that licensed asset management companies grew 24% year-on-year last quarter, while open-end fund companies saw a remarkable 132% year-on-year increase, showcasing the city's expanding financial sector and investment opportunities.

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