FameEX Morning Crypto News Recap | January 2, 2025

IRS Delays Cryptocurrency Tax Reporting Rules Until Late 2025

The U.S. IRS has postponed the implementation of cryptocurrency tax reporting rules until December 31, 2025. The delay aims to provide brokers additional time to address legal and regulatory challenges and refine accounting practices.

Over 60 Billionaires Globally Have Invested in Bitcoin

HODL15Capital reported that over 60 billionaires worldwide have invested in Bitcoin, reflecting growing confidence among wealthy individuals in the cryptocurrency’s potential and long-term value.

1confirmation Founder Forecasts Ethereum to Surpass $10,000

1confirmation founder Nick Tomaino predicts Ethereum will surpass $10,000. He highlighted continued development by top crypto developers on Ethereum and Layer 2 networks like Base. Growth in Layer 2 and Layer 3 applications is expected to accelerate ETH adoption, especially in 2025.

Ethereum NFT Sales Surpass $480 Million in December, Marking 2024's Second-Highest Record

CryptoSlam data revealed that Ethereum NFT sales hit $488.49 million in December, marking the second-highest monthly total recorded in 2024.

ECB President Lagarde: 2% Inflation Target is Achievable

European Central Bank President Christine Lagarde stated that the 2% inflation target is within reach. In a Wednesday video, she highlighted significant progress in lowering inflation throughout 2024, with expectations to achieve the target by 2025.

Singapore to Double Cryptocurrency Licenses by 2024, Aiming to Become Asia’s Crypto Hub

The Monetary Authority of Singapore issued 13 major payment institution licenses in 2024, doubling 2023’s total, strengthening its global blockchain leadership and positioning Singapore as a top destination 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.