1. The Canadian Business Economic Association predicts that the Federal Reserve will need to cut interest rates by more than 50 basis points next year due to inflation potentially being lower than expected, while the unemployment rate may be higher than anticipated.
2. The United States, the United Kingdom, and the European Union are strengthening tax regulations on cryptocurrencies, and investors need to pay attention to tax rates and compliance requirements.
The United States, the United Kingdom, and the European Union are enhancing tax regulations on cryptocurrencies, which significantly impacts investors. In the United States, cryptocurrencies are considered digital assets, and capital gains tax must be paid on sales or trades, with rates depending on holding time and income level; miners and staking earnings are subject to income tax, and exchanges will need to report user data starting in 2025. In the United Kingdom, the sale or exchange of crypto assets is subject to capital gains tax, with rates reaching up to 24% and an annual tax-free allowance of £3,000; mining earnings and crypto salary income are subject to income tax and national insurance contributions. In the European Union, tax rates vary by country; for example, Germany exempts holdings over one year from tax, while Spain's rate can be as high as 28%; the MiCA regulation, effective in 2025, will unify some rules and enhance tax transparency. -Original
3. Russia announces a six-year ban on cryptocurrency mining in ten regions to address energy shortages.
Starting January 1, 2025, Russia will impose a complete ban on cryptocurrency mining in ten regions (Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, Donetsk and Luhansk People's Republics, as well as Zaporizhia and Kherson regions) for six years. This ban will last until March 15, 2031. Russian lawmakers have also approved seasonal restrictions on major cryptocurrency mining areas to prevent power outages. These restrictions align with the Russian cryptocurrency mining law signed by the president in August and October 2024. -Original
4. The U.S. spot Bitcoin ETF has seen three consecutive days of outflows, totaling $1.2 billion, marking the longest record since the election.
In the past three trading days, the total outflow from the U.S. spot Bitcoin ETF has approached $1.2 billion, marking the longest outflow period since Trump's re-election in November. During the same period, Ethereum ETF trading has mostly remained flat, with a net outflow of only $5 million over the past three trading days. -Original
5. The number of cryptocurrency investors in South Korea surpasses 15.59 million, accounting for over 30% of the total population.
Data from the Bank of Korea shows that as of the end of November, the number of cryptocurrency investors in South Korea reached 15.59 million, an increase of 610,000 from October. This figure accounts for over 30% of the country's total population, reflecting increased market activity following Trump's election promise to support the cryptocurrency industry. The rise in Bitcoin prices has also fueled this trend. As of the end of November, the total cryptocurrency holdings of South Korean investors amounted to 102.6 trillion won (approximately $70.8 billion), up from 58 trillion won (approximately $40 billion) in October. The average daily trading volume in November reached 14.9 trillion won (approximately $10.288 billion), equivalent to the combined average daily trading volumes of the KOSPI and KOSDAQ markets in South Korea for the same month. -Original
6. Cumberland deposits 16,201 ETH into Coinbase, indicating changes in large institutional holdings.
Cumberland deposited 16,201 ETH into Coinbase 20 minutes ago. -Original
7. Solana's on-chain DEX trading volume has exceeded $100 billion for two consecutive months, showing continuous growth.
Solana's on-chain DEX trading volume has surpassed $100 billion for two consecutive months. -Original
8. Tether CEO states they are working with partners to build real use cases for BTC and USDT.
Tether CEO Paolo Ardoino posted on the X platform that Tether is actively collaborating with partners to build the broadest real use cases for BTC, USDT, and other core free technologies (P2P, privateAI, etc.). -Original
9. Hyperliquid experiences record outflows due to North Korean hacker attacks, but user funds are safe.
After a researcher from Metamask reported that North Korean-backed hackers had breached the platform, Hyperliquid saw approximately $250 million in net outflows on Monday. The platform stated that user funds are safe, and no vulnerabilities or weaknesses have been found. -Original
10. Analysis indicates that SOL shows a bullish reversal pattern, potentially laying the foundation for a major bull market.
Renowned crypto analyst Omkar Godbolev published an analysis stating that SOL's price chart displays a bullish reversal pattern. According to technical analysis theory, this pattern is seen as a low-risk opportunity for trend breakout traders. SOL's price surged over 7% this week to $193, rebounding from a previous resistance level identified by a trendline connecting the highs of March and July, which has now turned into support. This line, along with another connecting the lows of April and August, defines a large descending channel that includes long-term fluctuations from March to October. SOL's price broke out of this channel in early November, confirming a bullish tendency. SOL quickly climbed above $260 before retreating to the breakout point last week, with technical analysts referring to this back-and-forth as a bullish reversal pattern. Similar reversal patterns have perfectly manifested in Bitcoin in the second half of 2023, laying the groundwork for a major bull market. -Original
11. eToro survey shows that 37% of retail investors in the UAE plan to increase cryptocurrency investments in 2025.
An eToro survey reveals that 37% of retail investors in the UAE plan to increase their cryptocurrency investments in 2025. The survey covered 1,000 retail investors in the UAE, with 54% listing financial goals as their primary New Year's resolution for 2025, including investments in stocks, cryptocurrencies, and real estate. The survey also showed that 51% of respondents plan to increase their savings or investment amounts, while 41% plan to develop more comprehensive budgeting and spending tracking strategies. Additionally, 32% hope to increase their income through side jobs, and 28% are considering career changes for higher salaries. -Original
12. Bitcoin in the U.S. faces three major influencing factors in 2025: Trump's government cryptocurrency policy, Federal Reserve monetary policy, and U.S. government debt.
According to Barron's, as Bitcoin retraced to $94,000 on Christmas Eve, bitbank analyst Yuya Hasegawa detailed three key influencing factors for the cryptocurrency market in 2025. First, the direction of the Trump administration's cryptocurrency policy will dominate market sentiment. The proposed strategic Bitcoin reserve plan and the appointment of pro-cryptocurrency nominees are expected to directly impact the price trends of mainstream cryptocurrencies, including Bitcoin, XRP, and Dogecoin. Second, the Federal Reserve's monetary policy will continue to affect the cryptocurrency market. Hasegawa noted that loose monetary policy has historically favored Bitcoin prices, while the opposite would have a negative impact. Although the Federal Reserve has cut rates by 100 basis points this year, Trump's plan to impose tariffs of 10%-20% on all imported goods, with tariffs on Chinese goods potentially reaching 60%, could exacerbate inflationary pressures, forcing the Federal Reserve to maintain higher interest rates. Third, the U.S. government debt issue may become a new focus for the market. Hasegawa emphasized that a high-interest rate environment will increase the burden of government debt, and if concerns about debt sustainability arise, along with the successful implementation of the strategic Bitcoin reserve plan, Bitcoin's safe-haven properties as digital gold will gain more attention, potentially driving its valuation higher. -Original
13. The North American Electric Reliability Corporation reports that cryptocurrency mining and AI data centers are driving electricity demand to new highs.
The latest report from the North American Electric Reliability Corporation (NERC) indicates that the rapid development of cryptocurrency mining and AI data centers is driving electricity demand in North America to new highs. For example, in Texas, the annual growth rate for peak electricity demand is expected to reach 4.6% by the summer of 2029, four times the previous forecast. NERC pointed out that electricity consumption for crypto mining fluctuates with market prices, while AI data centers require continuous cooling and storage energy, presenting challenges for grid management. To address this trend, Texas has implemented energy response programs and strengthened distributed energy management through HB 3390, with some mining companies like MARA beginning to shift towards renewable energy. -Original
14. Sun Yuchen denies rumors of liquidating ETH, stating it was just a transfer between wallets, and reiterates confidence in the Ethereum ecosystem.
Sun Yuchen clarified on social media the rumors about liquidating ETH, stating that these rumors are untrue. He explained that it was merely a transfer of ETH between different wallets by the team and reiterated his long-term confidence in the Ethereum ecosystem. -Original
The above is a selection of hot topics from the past 24 hours. For faster news, please download AICoin (aicoin.com).
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