Headlines
▌USDC Treasury has issued an additional 50 million USDC.
According to Whale Alert monitoring, USDC Treasury issued an additional 50 million USDC on the Ethereum network 2 minutes ago.
▌BlackRock has doubled its investment in IBIT through its global allocation fund.
Documents submitted by BlackRock to the U.S. Securities and Exchange Commission (SEC) show that as of October 31, its global allocation fund holds 430,770 shares of the spot Bitcoin ETF IBIT, valued at over $17 million. This number represents a 117% increase from the 198,874 shares reported on July 31, as pointed out by a user named MacroScope. Additionally, the current reported number of IBIT shares exceeds the 43,000 shares registered in the first quarter by more than ten times.
The global allocation fund is a diversified investment product from BlackRock that covers stocks, bonds, and short-term securities in both U.S. and foreign markets, with its portfolio regularly adjusted. Although BlackRock has doubled its investment in its Bitcoin products, IBIT shares account for only 0.1% of the global allocation fund's total size of $16.5 billion.
Market Trends
As of the time of writing, according to Coingecko data:
BTC's latest transaction price is $95,670.29, with a daily change of -3.7%;
ETH's latest transaction price is $3,329.83, with a daily change of -4.7%;
BNB's latest transaction price is $687.62, with a daily change of -2.1%;
SOL's latest transaction price is $188.29, with a daily change of -4.6%;
DOGE's latest transaction price is 0.3121 yuan, with a daily change of -6.6%;
XPR's latest transaction price is $2.15, with a daily change of -6.2%.
Policy
▌Strive Asset Management applied to the SEC for a Bitcoin Bond ETF.
Vivek Ramaswamy's Strive Asset Management has applied to the U.S. SEC for a Bitcoin Bond ETF.
▌Bitwise has submitted an application for a Bitcoin Standard Company ETF to the U.S. SEC.
Bitwise has submitted an application for a Bitcoin Standard Company ETF to the U.S. Securities and Exchange Commission (SEC). The fund aims to provide exposure to the stocks of companies adopting the Bitcoin Standard with at least $1,000 in BTC on their balance sheets.
▌Two former executives of cryptocurrency exchange FTX received sentence reductions.
According to The Washington Post, the prison sentences of two former FTX executives seem to have been shortened. Information from the U.S. Federal Bureau of Prisons indicates that Ryan Salame began serving his 7.5-year sentence in October and is now expected to be released in March 2031. Caroline Ellison's current expected release date is July 2026, a few months less than her initial two-year sentence. FTX filed for bankruptcy in 2022 due to concerns about its financial condition and its relationship with sister trading firm Alameda Research, which led to clients rapidly withdrawing funds, similar to a bank run. Authorities later accused FTX of misappropriating client funds for personal use and to repay loans owed to Alameda Research and other projects. This scandal caused a stunning downfall for FTX, which was once the world's third-largest cryptocurrency exchange, and its founder, Sam Bankman-Fried (SBF). Salame was the former co-CEO of FTX's Bahamas subsidiary and admitted to running an unlicensed remittance business, violating campaign finance laws. Ellison was the former CEO of Alameda and pleaded guilty to wire fraud, securities fraud, and money laundering in December 2022.
▌Cryptocurrency fraud causes annual financial fraud losses in France to reach 500 million euros.
The French Financial Markets Authority (AMF) reports that cryptocurrency-related fraud is the primary cause of victims losing about 500 million euros annually. French authorities are collaborating with the Paris Prosecutor's Office, the Prudential Supervision and Resolution Authority (ACPR), and the Directorate General for Competition, Consumer Affairs and Fraud Prevention (DGCCRF) to intensify efforts to combat these fraudulent activities. Data shows that men under 35 are particularly vulnerable. They are driven by quick profits and lack confidence in their investment knowledge. Scammers exploit social media platforms, promising unrealistic returns to take advantage of this demographic.
Blockchain Applications
▌Kyber Network: KyberSwap is expanding to Sonic, having deployed an aggregator and limit orders.
Kyber Network announced on the X platform that KyberSwap is expanding to Sonic and has now deployed the KyberSwap aggregator and limit orders.
Cryptocurrency
▌Wintermute: Corporates imitating MicroStrategy by adding Bitcoin to their balance sheets may become a trend in 2025.
An analyst from market-making company Wintermute stated that corporates utilizing their equity to imitate MicroStrategy's approach of adding Bitcoin to their balance sheets may become a major trend in 2025.
Jake Ostrovskis from Wintermute OTC trading said, "I believe that next year corporates and those publicly traded companies seeking exposure will become quite a driving force. You will likely see small and medium enterprises joining in too."
Ostrovskis also predicted that some companies would follow MicroStrategy's strategy for ETH. He said, "It's probably just a matter of time until someone does the same thing and turns themselves into an Ethereum investment tool, at which point you'll be like MicroStrategy in that field."
▌CryptoQuant analyst: Bitcoin investors holding for 6-12 months have been the most active sellers recently.
CryptoQuant analyst Yonsei stated that the Spent Output Age Bands (SOAB) indicator shows that long-term holders (LTHs) locked in significant profits during the bull market from November to December 2024. Investors holding for 6 to 12 months have been the most active sellers recently; these investors mostly bought Bitcoin when the spot ETF was launched at the beginning of the year, and their selling activity has put some downward pressure on Bitcoin prices. However, strong demand has kept Bitcoin prices in the $90,000 to $100,000 range. Meanwhile, investors holding for over a year have sold less during this period, and the Binary CDD indicator shows that the sale of old coins in December was lower than in November, indicating that most long-term holders may still expect further price increases.
▌The TVL of the Base network has grown to over $3.5 billion.
According to data from The Block, the TVL of the Base network has grown to over $3.5 billion. Additionally, Base's transaction volume has maintained strong momentum throughout the fourth quarter, processing over 8 million transactions per day. Since March, the network has maintained steady growth, with transaction volumes increasing from about 500,000 per day to over 7.5 million in December.
▌Yesterday, GBTC had a net outflow of $24.2 million, ETH had a net inflow of $6 million.
According to monitoring data from Farside Investors, the fund data for the U.S. spot Bitcoin ETF and the spot Ethereum ETF yesterday (December 26) is as follows:
Spot Bitcoin ETF: GBTC had a net outflow of $24.2 million, BITB had a net outflow of $8.3 million, BTC had a net inflow of $7.2 million;
Spot Ethereum ETF: ETH had a net inflow of $6 million, ETHW and ETHE had no capital inflows or outflows.
Important Economic Dynamics
▌Analyst: The S&P 500 index may set a new high above 6,100 points.
Investment firm BTIG analyst Jonathan Krinsky: U.S. stocks may continue to rise before the end of the year, pushing the S&P 500 index to a new high above 6,100 points. However, looking ahead to January, market volatility will reappear. If the S&P 500 index indeed sets a new high, there will be a significant divergence in breadth and momentum, which serves as another dangerous signal as January approaches.
▌The probability of the Federal Reserve maintaining interest rates unchanged in January next year is 87.2%.
According to CME's 'FedWatch', the probability of the Federal Reserve maintaining interest rates unchanged in January next year is 87.2%, while the probability of a 25 basis points rate cut is 12.8%. The probability of maintaining the current rate unchanged until March next year is 50.6%, with a cumulative probability of a 25 basis points rate cut at 44.1%, and a cumulative probability of a 50 basis points cut at 5.4%.
Golden Encyclopedia
▌What is the RLUSD stablecoin from Ripple Labs?
RLUSD is a stablecoin developed by Ripple Labs, the organization behind the XRP cryptocurrency. RLUSD, or Ripple Labs USD, aims to provide a stable digital currency for transactions and trading. As a stablecoin pegged to the U.S. dollar, 1 RLUSD equals 1 dollar. Each RLUSD maintains a 1:1 peg. The collateral for these assets is either U.S. dollar deposits or cash equivalents.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for informational reference only and does not constitute actual investment advice. Please establish a correct investment concept and be sure to raise risk awareness.
