FameEX Morning Crypto News Recap | November 13, 2024

Bitcoin Surges 39% in Current Halving Cycle, Possibly Entering Early Stages of Bull Market

As of November 12, iChainfo data shows Bitcoin has increased by 39% since the start of this halving cycle, compared to a 119% rise during the same phase of the previous cycle. iChainfo’s analysis suggests the current market may be in the early stages of a bull market.

Bitcoin Search Interest Rises to 64, Signaling Renewed Retail Investor Attention in Crypto Market

Google Trends data reveals that Bitcoin search interest peaked at 100 but has now settled at 64. While interest initially declined after the U.S. presidential election, it has steadily increased, signaling a resurgence of retail investor attention in the cryptocurrency market.

U.S. Senator Suggests Strategic BTC Reserve Bill Could Pass Early in Trump’s Presidency

U.S. Senator Cynthia Lummis believes the strategic BTC reserve bill could pass within the first 100 days of Trump’s presidency.

Ethereum ETF Inflows Show Strong Performance and Hold Promising Outlook for the Future

Bloomberg's Eric Balchunas noted that Ethereum ETF saw strong capital inflows this week, with year-to-date figures trending positively. The ETHE unlocking period appears to have ended, with no outflows for six days. While the Ethereum ETF still trails behind Bitcoin's, its future prospects remain promising.

Federal Reserve Governor Waller Calls for Stablecoin Regulation to Mitigate Run Risks

On November 12, Federal Reserve Governor Waller described stablecoins as a synthetic dollar, acknowledging their potential benefits for the financial system. However, he emphasized the need for regulation to mitigate the risk of runs, ensuring stablecoins are properly managed to safeguard financial stability.

Trump Considers Recess Appointment to Replace SEC Chairman Gary Gensler

US President-elect Trump proposed using recess appointments to bypass the Senate confirmation process for key government positions, including the SEC chairman. On November 10, he expressed hope that the Senate majority leader would support this approach, enabling immediate appointments without the usual confirmation hearings.

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