FameEX Morning Crypto News Recap | January 15, 2025

SEC Chairman States Bitcoin and Ethereum Are Not Classified as Securities

Outgoing SEC Chairman Gary Gensler clarified that the SEC has never classified Bitcoin or Ethereum as securities. He emphasized that neither he nor former Chairman Jay Clayton ever made such statements.

Fed Likely to Maintain Steady Interest Rates for an Extended Period

Bank of America economist Stephen Juneau stated that a robust jobs report and strong economic activity have led the Federal Reserve to pause rate cuts, with inflation still above target. He predicts rates will remain steady for an extended period, with the next move likely leaning toward a rate hike.

Slightly Higher-Than-Expected US CPI Could Trigger Market Sell-Off

Russell Investments analyst BeiChen Lin warned that even a slightly higher-than-expected U.S. inflation report on Wednesday could spark sell-offs in bond and stock markets. He noted that last Friday’s unexpectedly strong employment data has reignited inflation fears among investors, heightening market sensitivity to economic indicators.

Bitcoin Adoption Outpaces Internet and Mobile Phones, Reaching 300 Million Users in 12 Years

A BlackRock report highlights that Bitcoin's adoption has outpaced the Internet and mobile phones. While mobile phones took 21 years and the Internet 15 years to reach 300 million users, Bitcoin achieved this milestone in just 12 years, growing 20% faster than the Internet.

Spot Crypto ETFs Set to Grow by Over $35 Billion by 2024

On January 14, Bitwise strategist Juan Leon announced that investors added over $35 billion to spot crypto ETFs in 2024. Despite 57% of financial advisors planning to increase allocations by 2025, this significant growth trend remains underappreciated by the market.

Luo Zhuojian Advocates Stablecoin Development to Strengthen Hong Kong's Financial Hub Status

Luo Zhuojian, Consultant to the Ministry of Finance, proposed advancing stablecoin development to reinforce Hong Kong's status as a financial hub. He highlighted collaborating with international financial institutions to unlock stablecoins' potential in cross-border transactions and global settlement, enhancing Hong Kong's competitive edge.

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