FameEX Morning Crypto News Recap | January 9, 2025

Fidelity: Bitcoin Integration into Reserves by 2025 Will Fuel Crypto Market Growth

Fidelity Digital Assets forecasts that by 2025, more nations will add Bitcoin to their strategic reserves, significantly boosting the crypto market. Analyst Matt Hogan noted that countries like Bhutan and El Salvador could inspire others, including central banks and sovereign wealth funds, to secure Bitcoin positions for potential substantial returns, driving global adoption and growth in the cryptocurrency sector.

Altcoin Seasonality Index Falls to 44, Down 38 Points from Last Month

The Altcoin Seasonality Index has dropped to 44, reflecting a 3-point decrease from yesterday and a 38-point decline from last month, according to Coinmarketcap data. Over the past 90 days, 44 of the top 100 cryptocurrencies by market cap have outperformed Bitcoin.

University of Pennsylvania Study Finds 41% of Republicans Own Cryptocurrency

A University of Pennsylvania study reveals that 41% of Republicans own cryptocurrencies, compared to 32% of Democrats. The two-year survey, which included over 22,000 participants, found Republicans generally more confident in cryptocurrencies, with states like Texas in the Southeast leading adoption trends.

EU Investigates X Platform for Potential Violations of Digital Services Law, Could Face 6% Annual Revenue Fine

EU digital officials are investigating Platform X for potential violations of the Digital Services Act, which targets illegal and harmful content. If found guilty, the platform could face a fine of up to 6% of its global annual revenue.

Thailand Launches Phuket Crypto Payment Initiative, Enabling Tourists to Use Digital Assets for Shopping

Thailand's Deputy Prime Minister, Pichai Chunhavajira, announced a new cryptocurrency payment project starting in Phuket, enabling foreign tourists to shop with digital assets. The pilot program will adhere to the country's legal framework, ensuring compliance and avoiding any legal violations.

Czech Central Bank Governor Considers Purchasing Bitcoin

Czech Central Bank Governor Aleš Michl expressed interest in acquiring "some Bitcoin" to diversify the country's foreign exchange reserves. He views Bitcoin as a potential diversification strategy, signaling growing government interest in cryptocurrency as a tool for managing national savings.

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