Source: Trump wants Bitcoin to reach $150,000 during his presidency
According to The Block, citing Axios, an anonymous "transition team" source revealed that Trump now apparently "hopes" that Bitcoin will continue to rise and eventually break through $150,000. Axios reported that Trump "will pay close attention to the price of Bitcoin," adding that the source said that cryptocurrency is "another stock market" for the politician. During his last presidency, Trump often measured the effectiveness of his government's management of the national economy by the performance of the U.S. stock market. Axios also reported that Trump plans to "promote cryptocurrency-friendly regulation," including nominating Paul Atkins as chairman of the U.S. Securities and Exchange Commission (SEC). According to the company's website, Atkins founded the consulting firm Patomak Global Partners, which provides services to cryptocurrency exchanges and DeFi platforms.
According to Jinshi, US President-elect Trump said that any individual or company investing $1 billion or more in the United States will receive fully accelerated approval and licensing.
El Salvador and Argentina Regulators Sign Agreement to Develop Crypto Industry in Both Countries
According to CoinDesk, Juan Carlos Reyes, president of the National Digital Asset Commission (CNAD) of El Salvador, and Roberto Silva, president of the Securities Commission of Argentina (CNV), signed an agreement on Tuesday to promote cooperation between the two countries in cryptocurrency regulation. Reyes said in an interview: "In terms of international cooperation, CNAD has two core goals. The first is to share our expertise with international partners and help them take advantage of the benefits of a well-regulated industry. The second is to expand the international influence of our regulated companies by establishing strategic partnerships with countries around the world. This historic agreement with Argentina is significant because of the country's pioneering reputation in the field of innovative technologies and its impressive adoption rate." Although the specific details of the agreement have not been disclosed, Reyes said on LinkedIn that the agreement aims to enable the two countries' regulators to share knowledge and experience and promote crypto innovation. He wrote: "The joint efforts of El Salvador and Argentina will lay the foundation for greater regional cooperation and promote a favorable environment for the development of the digital asset industry."
Italy to scale back cryptocurrency capital gains tax increase
Italy will scale back plans to increase capital gains taxes on cryptocurrencies, the ruling party said on Tuesday, following criticism from the affected industries and internal debate among the economy minister, Reuters reported. "The tax increase will be significantly reduced during the parliamentary work," Giulio Centemero, a member of the ruling coalition, and Federico Freni, deputy finance minister, said in a statement. Previously, according to the country's 2025 budget, which will be approved by parliament at the end of December, the Ministry of Finance intends to increase the capital gains tax rate on cryptocurrencies such as Bitcoin from 26% to 42%. But the League said the move could promote the development of the shadow economy. On Tuesday, Centemero and Freni said: "Stop being prejudiced against cryptocurrencies." Political sources said the government may even decide to keep the 26% tax rate unchanged.
Microsoft Shareholders Vote Against Bitcoin Investment Proposal
According to Jinshi, voting results showed that Microsoft's major shareholders opposed the company's Bitcoin investment proposal on Tuesday. Microsoft's board of directors had earlier urged shareholders to reject a proposal from the National Center for Public Policy Research that the company invest 1% of its total assets in Bitcoin to hedge against inflation. At the annual meeting, MicroStrategy Chairman Michael Saylor gave a three-minute speech trying to convince Microsoft shareholders to support the proposal. His company has invested billions of dollars in Bitcoin. Data shows that Microsoft's largest shareholders are institutional investors, including Vanguard and BlackRock.
Goldman Sachs CEO: If regulations change, we will consider participating in cryptocurrency trading
According to Reuters, in an interview, Goldman Sachs Group CEO David Solomon said that regulations need to be changed to allow the bank to do so when asked whether Goldman Sachs can start trading cryptocurrencies. Solomon said: "You have to ask the regulators this question. At present, as a regulated banking institution, we are not allowed to hold cryptocurrencies such as Bitcoin; we provide advice to customers around these technologies and these issues, and will continue to do so, but from a regulatory perspective, our ability to take action in these markets is currently extremely limited."
Brad Garlinghouse, CEO of Ripple, announced on the X platform: “We have received final approval from the New York State Department of Financial Services (NYDFS) for the stablecoin RLUSD. Exchange and partner listing information will be announced soon - as a reminder: Ripple will be the first to announce such news when RLUSD is officially launched.”
Coinbase has launched Magic Eden(ME) and will launch Gigachad(GIGA) and Turbo(TURBO)
According to the official announcement, Coinbase will add support for Gigachad (GIGA) on the Solana network (SPL token) and will add support for Turbo (TURBO) on the Ethereum network (ERC-20 token). If liquidity conditions are met, trading of the above tokens will start at or after 1:00 am Beijing time on December 12, 2024. GIGA-USD and TURBO-USD trading pairs will be launched in stages. In addition, more than an hour after Coinbase announced that it would launch Magic Eden (ME), Magic Eden (ME) is now online on Coinbase.com and Coinbase iOS and Android applications with an experimental label. Coinbase customers can log in to buy, sell, exchange, send, receive or store these assets.
Japanese crypto exchange Coincheck to be listed on Nasdaq today
According to CoinDesk, Monex Group announced on December 11 that its subsidiary Coincheck Group NV has completed the listing procedures on the Nasdaq in the United States. Trading began on December 11, Eastern Time, with the stock code "CNCK". Coincheck Group (CCG) will become the holding company of Japanese crypto exchange Coincheck. After the listing, Monex Group will hold approximately 80% of CCG's shares, with a market value of approximately US$1.6 billion (approximately 240 billion yen).
Analysis: The Magic Eden airdrop process is too complicated and poses security and privacy risks
According to CoinDesk, the fully diluted valuation of the new token ME of NFT trading platform Magic Eden reached $15 billion in the first few minutes of trading on Tuesday. But as more and more claimants successfully processed their airdrops (and even sold them in some lucky cases), the valuation began to fall sharply. In the end, its fully diluted valuation stabilized at around $5 billion. Some observers believe that the fact that the price of ME tokens has only fallen but not risen is a punishment for the crypto project because its airdrop processing procedures are very atypical, and according to three industry insiders, it may even violate best security practices. Some users seem to have lost funds in their wallets during Magic Eden's complicated process.
An industry insider who wished to remain anonymous said that the wallet issues that caused problems when ME launched could also threaten user privacy. Traders need to import wallet private keys into the Magic Eden app or create a new wallet and link the old wallet to claim the airdrop, but the latter may undermine privacy. The Magic Eden wallet app saves backups of user recovery phrases and private keys, and lacks a clear way to delete them, violating security regulations. The process also makes airdrop claimants vulnerable to attacks by bad actors who may pretend to be Magic Eden. In addition, wallets created within the Magic Eden app cannot be easily transferred to other wallet apps, which is related to the fact that Magic Eden relies on a different technical setup than other mainstream wallets. This can be overcome by importing private keys, which are hidden deeper in the Magic Eden app settings. Less savvy users may try to transfer their Magic Eden wallets to another app using only the 12-word recovery phrase.
Chainlink Integrates with Coinbase’s Tokenized Asset Platform Project Diamond
According to Cointelegraph, blockchain oracle network Chainlink has completed integration with Project Diamond, a digital asset platform built by Coinbase for global institutions. The integration will provide data support and enable full lifecycle management of new tokenized assets on the platform. Project Diamond is regulated by the Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA) and is a resident project in the Abu Dhabi Global Market Regulatory Laboratory (ADGM RegLab) sandbox, with the commercial name Onchain Marketplace. The integration will upgrade the implementation. Peregrine, a business of PSG Digital regulated by ADGM, will become the flagship user of the integrated platform. Chainlink will provide data and connections between public and private chains and existing financial systems through its Cross-Chain Interoperability Protocol (CCIP), ensuring that users obtain compliant solutions. Chainlink Labs, the main developer of Chainlink, also announced that it will set up an entity under the Abu Dhabi Global Market Registry as a base for expansion in the Middle East and North Africa (MENA) region.
Binance will launch ME 1-75 times U-based perpetual contracts
Binance announced that it will launch a variety of trading and investment products for Magic Eden (ME) at the following time: 1. Binance Finance: • ME's principal-guaranteed and coin-earning current product has been launched at 23:00 (Eastern Time) on December 10, 2024, and is open for subscription; • Starting from 18:00 on December 11, users can purchase ME through Binance's fixed investment. 2. One-click buying and selling of coins: • Within one hour after ME is launched on spot trading, one-click buying and selling through credit cards, Google Pay, Apple Pay, etc. are supported. 3. Flash exchange trading platform: • Within one hour after ME spot is launched, users can exchange ME for BTC, USDT or other supported tokens without handling fees. 4. Binance leverage: • Starting from 01:00 on December 11, ME is supported as a borrowable asset, and ME/USDT full-position and isolated leverage trading pairs are added. 5. Binance Futures: • ME 1-75x U-based perpetual contract will be launched at 01:00 on December 11.
Fuel Labs announces launch of native FUEL token and launches Fuel Genesis program
Fuel Labs announced the launch of $FUEL, an ERC-20 token, on the Ethereum mainnet. It will be launched within two weeks to ensure the security of decentralized sorters and enable user fee-free transactions by applying a specific sorting mechanism. The total supply of $FUEL is 10 billion, with more than 51% allocated to the community, ecosystem and R&D, and 20% of the initial supply rewarded to Fuel Points Program and testnet participants. The community portion will be 100% unlocked when the token is launched, while the team and purchaser portions will adopt a linear unlocking mechanism of 24 to 48 months, during which time the token cannot be staked and locked. As the fastest (>600 TPS) and lowest cost (<$0.0002/transaction) Optimistic Rollup on Ethereum, Fuel plans to promote blockchain adoption. Fuel will further decentralize the network, and users can stake $FUEL to participate in network security and receive rewards. The community expansion plan is being carried out in collaboration with Legion, Impossible Finance and Bitget.
CME CF New York Reference Rate now covers six crypto assets including Polkadot (DOT)
According to X user @stakenode_dev, CME CF has launched the New York Reference Rate (DOTUSD_NY Reference Rate) for Polkadot, which calculates standardized prices that conform to the US Eastern Market Hours (3pm to 4pm) every day. This move provides institutions, traders and analysts with a transparent and reliable DOT pricing reference, which is an important step in promoting the integration of Polkadot into traditional financial markets. CME Group's official Twitter account also announced earlier that the New York version of the CME CF Polkadot (DOT) reference rate is now online. This reference rate lays the foundation for the future launch of financial products linked to DOT (such as ETFs, derivatives and risk management tools). Previously, CME CF has successfully promoted BTC and ETH to the mainstream. X user @Biz_R_ responded that the CME CF New York Reference Rate currently covers six crypto assets: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Chainlink (LINK), Polygon (POL) and Polkadot (DOT).
ME tokens must be redeemed in the ME mobile app until February 1, 2025
According to the official Twitter of ME, its Token Generation Event (TGE) will start at 2pm GMT today (22:00 Beijing time). The official reminds users of the following matters: 1. If you have not yet bound your wallet, you can bind and claim $ME tokens between the TGE and February 1, 2025. 2. All $ME tokens must be claimed in the ME mobile app. Users who have bound all wallets can directly load the app to claim tokens. 3. If you find that other wallets are not bound after claiming the tokens, you can bind them through the desktop after the TGE and claim the remaining tokens in the mobile app. 4. Please make sure that there is a certain amount of SOL in the claiming wallet to complete the claiming process. 5. Remind users to be wary of fraudulent links and only trust the official website mefoundation.com. The official will not ask to claim $ME tokens via email.
DWF Labs announces $20 million AI Agent Fund
DWF Labs announced the launch of a $20 million fund focused on supporting the development of autonomous AI agents. The program aims to promote Web3 projects and develop next-generation AI agent solutions with the potential to transform industries and redefine the digital economy. Eligible projects can receive comprehensive support, including up to $100,000 in cloud server credits, to accelerate their growth and adoption. The $20 million AI Agent Fund is now open for applications.
Bithumb will launch Magic Eden (ME) and SynFutures (F) Korean Won trading pairs
According to Bithumb's official announcement, Magic Eden (ME) and SynFutures (F) will be launched on the Korean Won (KRW) trading market today. • Magic Eden (ME): Based on the Solana network, deposits and withdrawals are expected to be opened at 23:00 (local time) today, and only Solana network recharges are supported. The trading start time will be notified separately after sufficient liquidity. The initial price is 2,286 won, and 20 confirmations are required for deposits. • SynFutures (F): Based on the Ethereum network, deposits and withdrawals will be opened within 2 hours after the announcement is released, and only Ethereum network recharges are supported. Trading is expected to start at 22:00 (local time) today, with an initial price of 88.09 won and 33 confirmations are required for deposits.
Binance will launch spot trading pairs such as ACX/USDC and ORCA/USDC on December 11
According to Binance's official announcement, Binance will launch the following spot trading pairs at 16:00 (ET on December 11, 2024): ACX/USDC, ORCA/USDC, ACX/FDUSD, ORCA/FDUSD, ACX/TRY, ORCA/TRY, KSM/TRY and CELO/TRY. At the same time, trading robot services will be opened for the following trading pairs: • Spot grid and spot DCA: ADA/EUR, DOGE/EUR, G/USDT and LINK/FDUSD • Smart position robot: G/USDT • Spot algorithmic orders: ACX/USDC, ORCA/USDC, ACX/FDUSD, ORCA/FDUSD, ACX/TRY, ORCA/TRY, KSM/TRY and CELO/TRY.
AI voice company WaveForms completes $40 million seed round of financing, led by a16z
According to Bloomberg, WaveForms, an AI voice startup founded by former OpenAI researcher Alexis Conneau, has received $40 million in seed round financing, with a valuation of $200 million. This round of financing was led by Andreessen Horowitz. WaveForms is committed to developing AI audio software that can capture emotional cues and achieve more natural voice interaction, aiming to improve the voice conversation experience between people and machines. Conneau previously developed advanced voice assistant functions at OpenAI. After leaving in August this year, he founded WaveForms in San Francisco in September.
Bitcoin trading and self-custody application Relai completes $12 million Series A financing
According to CoinDesk, Bitcoin trading and self-custody application Relai has completed a $12 million Series A financing, plans to expand into the European market and apply for MICA (Crypto Asset Market) regulatory license. This round of financing was led by Ego Death Capital, a venture capital firm focused on Bitcoin, which contributed $4 million, and Plan B Bitcoin Fund, Timechain and Solit Group participated in the investment. Relai is headquartered in Switzerland, and its "non-custodial" model is popular, and the cumulative number of downloads of the application has exceeded 400,000 times. Co-founder and CEO Julian Liniger said that the new funds will significantly promote the company's growth and help more European users understand and access Bitcoin.
Crypto AI startup Exabits completes $15 million seed round of financing, led by Hack VC
According to The Block, crypto AI startup Exabits has completed a $15 million seed round of financing with a valuation of $150 million, led by Hack VC, and several other investors also participated, but the specific names were not disclosed. Exabits co-founder Hoansoo Lee said that Exabits began financing in July this year and completed this round of financing in October. He declined to comment on the structure of this round of financing, but said that tokens will be launched in the future. This seed round of financing brings Exabits' total financing to $20 million. According to reports, Exabits is a crypto AI startup focusing on GPU tokenization. The company previously conducted an undisclosed round of Pre-Seed financing, followed by an undisclosed round of strategic financing led by Portal Ventures. The total amount of these two rounds of financing is approximately US$5 million.
According to The Block, digital asset holding company COSIMO announced that it is raising $25 million in funding, led by Des Mac Intyre, co-founder of Eolas Capital and former executive of Bridgewater Associates. COSIMO announced in a statement that the financing aims to integrate its many cryptocurrency investment, custody, consulting and brokerage services into "a unified and forward-looking brand."
According to reports, the company will be called COSIMO digital in the future. In the past ten years since its establishment, COSIMO has expanded into multiple cryptocurrency sub-fields and aims to become a strong competitor to Galaxy Digital, a cryptocurrency management and service provider. However, COSIMO has operations in both the United States and Europe. In the early days of the company, COSIMO used a special purpose vehicle (SPV) to invest in start-up cryptocurrency companies in 2014 and expanded into cryptocurrency venture capital in 2017. The COSIMO X fund, launched in 2019, currently manages approximately $21 million in assets. The company also launched COSIMO Y, a hedge fund built around a basket of staking rewards for blockchains such as Avalanche, Cardano, Celestia, Ethereum, Near, Polkadot and Solana. In addition, COSIMO also founded Fortuna, a digital asset custody company licensed by the Central Bank of Ireland to operate in 27 EU countries.
MARA Holdings Increases Holdings by 11,774 Bitcoins
According to MARA's official news, the company raised funds through zero-interest convertible bonds and purchased 11,774 bitcoins at a price of about $96,000 per bitcoin, with a total amount of about $1.1 billion. As of December 9, 2024, MARA holds a total of 40,435 bitcoins, with a total value of about $3.9 billion based on the current spot price of $96,500 per bitcoin. The return on Bitcoin so far this quarter has reached 12.3%, and the return on Bitcoin so far this year has reached 47.6%.
Raydium’s monthly trading volume exceeds Uniswap for the second consecutive month
According to Cointelegraph, according to a Messari report on December 10, the monthly trading volume of Raydium, a decentralized exchange (DEX) in the Solana ecosystem, exceeded Uniswap for the second consecutive month. In November, Raydium's monthly trading volume was about 30% higher than Uniswap, or about $30 billion. Ryan Watkins, co-founder of Syncracy Capital, mentioned in an article on the X platform on November 17 that as early as October, Raydium had defeated Uniswap by a small margin, with a trading volume about 10% higher. The Messari report stated that "Raydium's success is largely due to its dominant position in the Solana ecosystem," adding that the DEX continues to account for more than 60% of the daily DEX trading volume on the Layer1 blockchain network; in particular, Meme coin transactions have become an important driver of Raydium's trading volume. In November, Meme coins accounted for the highest proportion of Raydium's monthly trading volume in history, reaching 65%. "
USV transfers another 553,000 UNI to Coinbase Prime, equivalent to approximately US$8.45 million
PANews reported on December 11 that according to on-chain analyst Yu Jin’s monitoring, 50 minutes ago, USV continued to transfer 553,000 UNI (about 8.45 million US dollars) to Coinbase Prime. USV began to transfer the UNI obtained through investment in 2020 to Coinbase Prime 5 days ago, and has now transferred a total of 1.198 million UNI (about 19.07 million US dollars), with an average price of 15.9 US dollars. The number of UNIs still held by the USV address is now 12.677 million (about 192.56 million US dollars).
Riot Platforms bought 705 BTC in the past 3 hours, equivalent to about 68.45 million US dollars
According to Lookonchain monitoring, Bitcoin mining company Riot Platforms bought 705 BTC (about 68.45 million US dollars) in the past 3 hours. Earlier on December 9, it was reported that Riot Platforms planned to issue $500 million in convertible senior bonds in a private placement, and the funds would be used to acquire Bitcoin, etc.
DEXX hackers have transferred more than 4,700 ETH to Tornado Cash
Yu Xian, the founder of SlowMist, said on the X platform that the DEXX hacker has laundered another 3,200 ETH. Currently, more than 4,700 ETH have been laundered into the Tornado Cash mixing protocol, leaving 1,200 ETH and various tokens worth $1.65 million. The total value of the hacker's profit is currently about $23 million.
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