FameEX Morning Crypto News Recap | February 19, 2025

US-Listed Bitcoin Miners Make Up 29% of Global Hash Rate

JPMorgan Chase data reveals that in February, US-listed Bitcoin mining companies represented 29% of the global hash rate, nearly twice last year’s share. The Bitcoin network’s hash rate increased by 6% this month, but daily crypto mining profitability has declined by 13% since January’s end.

Meme Coin Market Value Returns to November 2024 Levels

Meme coin valuations have steadily declined, nearing November 2024 levels and wiping out gains from the winter memecoin surge, according to IntoTheBlock.

Nearly 90% of Investors Say U.S. Stocks Are Overvalued, Marking a 22-Year High

A February Bank of America survey revealed that 89% of global fund managers believe U.S. stock valuations are overinflated, marking the highest level since April 2001. Over the past decade, the average percentage of such sentiment was 81%.

Cryptocurrency Adoption in Asia Hits 22%, Tripling the Global Average

Consensus research indicates that cryptocurrency adoption in Asia has reached 22%, tripling the global average rate.

Bitcoin’s Bull Market Set to Persist, $200,000 Target by Late 2025

Bernstein’s report suggests investors brace for growth in Bitcoin-related assets and stocks, as institutional inflows sustain the bull market. Analysts highlight Bitcoin’s increasing adoption by banks, enterprises, and sovereign states, positioning it as a strong alternative to gold.

Musk-Led DOGE Plan to Review the SEC

The Department of Government Efficiency (DOGE), led by Musk, is set to review the U.S. Securities and Exchange Commission (SEC) to address waste, fraud, and abuse. DOGE has expanded its presence across federal agencies, including the DOGE SEC. On February 17, the DOGE SEC invited public input on SEC misconduct. 

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