24-hour Major News Summary:
Cryptocurrency Market Dynamics and Global Political Economic Events
1. **Japan's Bitcoin Reserve Discussion**: The Japanese government has formally responded to the introduction of Bitcoin as a reserve asset, and the topic is still under discussion. This may signal an enhanced status of Bitcoin in the global financial system.
2. **South Korea's Sanctions on North Korean Individuals**: South Korea has imposed sanctions on 15 North Korean individuals suspected of involvement in illegal activities such as cryptocurrency theft, demonstrating South Korea's strict stance on cryptocurrency regulation.
3. **Russia's BTC International Trade**: The Russian Finance Minister revealed that Russian enterprises are using Bitcoin for international trade, which may increase the use of cryptocurrencies in global trade.
4. **U.S. Regulatory Policy Shift**: A Republican member of the U.S. SEC hinted that regulations may shift in 2025, reducing enforcement against the cryptocurrency industry, which could lead to a more lenient regulatory environment for the cryptocurrency market.
5. **Bitcoin Whale Accumulation Normalized**: The founder of CryptoQuant pointed out that Bitcoin whale accumulation has become the norm, with the bull market still ongoing, indicating strong market confidence in Bitcoin.
6. **Malaysia's Telegram Compliance**: Malaysian regulators revealed that Telegram has begun applying for the necessary licenses to operate next year, showing a trend of cryptocurrency-related businesses seeking legalization and compliance globally.
7. **Google's Trending Searches: Trump at the Top**: Google released its annual trending searches, with Trump topping the list of people searched, reflecting the public's heightened attention to political figures and policy changes.
8. **Vitalik's Donation to Thai Zoo**: Ethereum co-founder Vitalik Buterin donated 10 million Thai Baht to the Khao Kheow Zoo in Thailand for the development of a dedicated exhibit for MOODENG, showcasing the social responsibility of the cryptocurrency community.
Domestic News:
1. **Hong Kong's Stablecoin Regulation Draft Submitted to Legislative Council**: Hong Kong's Stablecoin Regulation Draft has been submitted for its first reading in the Legislative Council, marking an important step in cryptocurrency regulation in Hong Kong, which may attract more cryptocurrency businesses and investors.
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