FameEX Morning Crypto News Recap | December 17, 2024

Satoshi Nakamoto Rises to 16th Richest Person in the World Amid Bitcoin Price Surge

Bitcoin founder Satoshi Nakamoto is now the 16th richest person globally, with a $106 billion net worth, as Bitcoin’s price surged to $106,000, surpassing Michael Bloomberg in the global wealth rankings.

Fed Officials Anticipate 25 Basis Point Interest Rate Cut

Pansen macroeconomists Samuel Thomas and Oliver Allen noted a communication breakdown among Federal Reserve officials ahead of the upcoming policy decision. However, they expect a unanimous 25 basis point rate cut, with Fed Governor Waller expressing support for the quarter-point reduction prior to the meeting.

MicroStrategy Purchases Bitcoin for Sixth Consecutive Week, Total Holdings Hit $45 Billion

MicroStrategy has bought $1.5 billion in Bitcoin, marking its sixth consecutive week of purchases. The company now holds approximately $45 billion in Bitcoin and plans to raise $42 billion over the next three years through share sales and convertible bonds to continue acquiring Bitcoin.

Trader Eugene Survey Reveals 64% of Participants Feel This Bull Market Has Fallen Short of Expectations

On December 16, trader Eugene's survey on X revealed that 64% of participants felt the current bull market fell short of expectations. KOL Murad commented that the market’s return distribution is more dispersed, emphasizing the need for focused asset selection rather than a broad investment strategy.

Miners' Bitcoin Holdings Decrease by 4.74% Over the Past Year

On-chain analyst Maartunn shared IntoTheBlock data showing miners' Bitcoin balance dropped by 4.74% over the past year, from 1.99 million BTC to 1.9 million BTC. Miners are selling Bitcoin steadily, likely to cover operational costs, but in small quantities.

UK FCA Initiates Public Consultation to Enhance Cryptocurrency Regulation

The UK Financial Conduct Authority (FCA) has launched a public consultation to enhance cryptocurrency regulation. The initiative aims to develop a balanced framework covering trading activities and stablecoin regulation, with draft regulations expected in 2025 and full implementation in 2026. The consultation ends on March 14, 2025.

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