FameEX Morning Crypto News Recap | January 2, 2025

IRS Postpones Cryptocurrency Tax Reporting Requirements Until Late 2025

The U.S. IRS has delayed the enforcement of cryptocurrency tax reporting rules until December 31, 2025. This extension allows brokers more time to resolve legal and regulatory issues and enhance their accounting practices to ensure compliance.

More Than 60 Billionaires Worldwide Have Invested in Bitcoin

HODL15Capital revealed that more than 60 billionaires globally have invested in Bitcoin, showcasing increasing confidence in its potential and long-term value among wealthy investors.

1confirmation Founder Predicts Ethereum Will Exceed $10,000

1confirmation founder Nick Tomaino predicts Ethereum will exceed $10,000. He emphasized ongoing development by leading crypto developers on Ethereum and Layer 2 solutions like Base. Accelerated growth in Layer 2 and Layer 3 applications is expected to drive wider ETH adoption, particularly in 2025.

Ethereum NFT Sales Top $480 Million in December, Achieving 2024's Second-Highest Total

CryptoSlam data shows Ethereum NFT sales reached $488.49 million in December, achieving the second-highest monthly total in 2024.

ECB President Lagarde Confirms 2% Inflation Target is Attainable

European Central Bank President Christine Lagarde announced that the 2% inflation target is attainable. In a video released Wednesday, she emphasized substantial progress in reducing inflation during 2024 and expressed confidence in reaching the target by 2025.

Singapore Plans to Double Cryptocurrency Licenses by 2024 to Solidify Its Position as Asia’s Crypto Hub

In 2024, the Monetary Authority of Singapore issued 13 major payment institution licenses, doubling the number from 2023, reinforcing its global blockchain leadership and establishing Singapore as a leading hub for Web3 companies.

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