Headlines
▌Biden ordered government executive departments to close on January 9, 2025
On December 30 local time, President Biden ordered all federal government executive departments and agencies to close on January 9, 2025, in honor of the late 39th President Jimmy Carter, who passed away on the 29th. Biden stated in a statement that for reasons of national security, defense, or other public needs, heads of federal government executive departments and agencies may decide to keep certain offices and facilities open. Previously, the White House announced January 9, 2025, as a national day of mourning in memory of Carter.
▌El Salvador has increased its holdings by 53 BTC in the past 30 days, currently holding over 6,002 BTC.
On-chain data shows that El Salvador has increased its holdings by 53 BTC in the past 30 days, currently holding over 6,002.77 BTC (approximately 556 million USD).
Market
As of the time of publication, according to Coingecko data:
The recent trading price of BTC is 92,639.82 USD, with an intraday change of -0.9%;
The recent trading price of ETH is 3,354.47 USD, with an intraday change of -0.0%;
The recent trading price of BNB is 704.63 USD, with an intraday change of +1.6%;
The recent trading price of SOL is 191.11 USD, with an intraday change of +0.7%;
The recent trading price of DOGE is 0.3132 CNY, with an intraday change of -0.4%;
The recent trading price of XPR is 2.06 USD, with an intraday change of -1.7%.
Policy
▌Analysis: The implementation of the MiCA Act brings compliance uncertainties for USDT, which may affect the EU crypto market landscape.
The EU's MiCA Act has officially come into effect, but Tether's USDT has not yet received compliance certification, raising concerns about its future in the EU market. MiCA imposes strict requirements on stablecoin issuers, and major stablecoins like Tether face capital reserves and liquidity requirements, which could lead to their exit from the EU market. Nevertheless, Tether's large market capitalization and global adoption make it unlikely to suffer immediate financial shocks. Meanwhile, some EU exchanges have begun taking measures to comply with new regulations, with Coinbase Europe delisting USDT and other stablecoins. Analysts say that MiCA will prompt some small and large companies to exit the EU, promote market consolidation, and may lead to higher investment and operating costs.
▌The judge postponed the trial between the CFTC and Gemini to January 21.
A New York court judge, Alvin Hellerstein, decided to postpone the civil trial between the CFTC and Gemini Trust Company until January 21, 2024, from the originally scheduled date of January 13. This case stems from the CFTC's allegations against Gemini in 2022, accusing it of providing false or misleading statements to the CFTC when applying for Bitcoin futures contracts in 2017. The postponed trial date will coincide with the new president's inauguration, which may impact the CFTC's position on Gemini and other crypto companies. The court stated that further postponements would not be approved unless there were special circumstances.
▌The Blockchain Association sues the IRS over digital asset reporting rules.
The IRS recently issued new regulations requiring crypto platforms (including decentralized exchanges) to report digital asset transaction information, and starting in 2027, platforms must disclose taxpayer information and their sales revenue related to digital asset transactions. In response, the Blockchain Association and the Texas Blockchain Association jointly sued the IRS, claiming that the rules violate the US Administrative Procedure Act and could negatively impact the US crypto and decentralized finance (DeFi) industry. Kristin Smith, CEO of the Blockchain Association, stated that the lawsuit aims to protect the future of the US crypto industry and support the interests of innovators.
▌MoonPay received a license from the Dutch Financial Markets Authority under the EU MiCA Act
MoonPay announced in a notification on December 30 that the Dutch Financial Markets Authority has issued a license to the cryptocurrency company under the EU Regulation on Crypto Assets (MiCA), allowing it to operate as a licensed crypto business in the Netherlands.
Blockchain Applications
▌Musk: Community Notes is completely decentralized and open-source.
Musk stated on X that the best way to ensure the accuracy of the Community Notes system is to become a contributor. He emphasized that the system is completely decentralized and open-source, including code and data, and any manipulation will be easily detected. Musk further pointed out that X and its team, including himself, cannot edit or control the system. The system operates in such a way that those who once held differing opinions must reach a consensus for a comment to be displayed.
Cryptocurrency
▌ZachXBT: Blockchain Bandit transfers 51,000 ETH worth approximately 172 million USD after being dormant for two years.
The hacker Blockchain Bandit primarily stole 51,000 Ethereum by successfully guessing weak private keys and, after being dormant for nearly two years, blockchain investigator ZachXBT stated in a Telegram post on December 30 that all 51,000 Ethereum were transferred from 10 wallet addresses to the multi-signature address '0xC451D542'. These funds were mainly transferred in batches of 5,000 Ethereum between 8:54 pm UTC and 9:18 pm UTC on December 30.
Prior to this, the stolen funds had been dormant in these 10 wallet addresses since 51,000 Ethereum were transferred on January 21, 2023. Around the same time, the hacker also transferred 470 Bitcoins.
▌Yesterday, GBTC had a net outflow of 134.5 million USD, ETHE had a net outflow of 17.4 million USD.
According to data monitored by Farside Investors, the fund data for the US spot Bitcoin ETF and spot Ethereum ETF yesterday (December 30) is as follows:
Spot Bitcoin ETF: GBTC had a net outflow of 134.5 million USD, BTC had a net outflow of 31.7 million USD, BITB had a net outflow of 31.4 million USD;
Spot Ethereum ETF: ETHE had a net outflow of 17.4 million USD, ETH had a net outflow of 13.8 million USD.
▌CZ: We do not predict trends; we follow trends and strive to contribute.
Binance founder CZ posted on X, stating, "People often ask me what the next hot cryptocurrency is? Honestly, I don't know. I try to help as many projects as possible to see where they will take us. We do not predict trends; we follow trends (and strive to contribute)."
▌BlackRock's Bitcoin ETF is hailed as 'the greatest ETF launch in history.'
According to Bloomberg, the spot Bitcoin ETF IBIT launched by BlackRock has been called 'the greatest ETF launch in history.' Since its launch in January 2024, it has quickly become one of BlackRock's largest funds. The success of IBIT not only pushed the Bitcoin price past 100,000 USD but also stimulated an investment boom in the cryptocurrency field. In less than a year, IBIT's growth rate has surpassed that of any of the 1,400 ETFs worldwide. Analysts say that the success trajectory of IBIT is unprecedented, and it is expected that there will be difficulty in finding similar competing products in the future.
Important Economic Dynamics
▌The probability of the Federal Reserve maintaining interest rates in January next year is 88.8%.
According to CME's 'Fed Watch', the probability of the Federal Reserve maintaining interest rates in January next year is 88.8%, and the probability of a 25 basis point rate cut is 11.2%. The probability of maintaining the current rate until March next year is 46.2%, the cumulative probability of a 25 basis point rate cut is 48.4%, and the cumulative probability of a 50 basis point rate cut is 5.4%.
▌The US dollar index rose 0.13% on December 30.
The US dollar index, which measures the dollar against six major currencies, rose 0.13% on the day, closing at 108.132 at the end of the forex market. As of the end of the New York forex market, 1 Euro exchanged for 1.0397 USD, down from 1.0428 USD the previous trading day; 1 British Pound exchanged for 1.2544 USD, down from 1.2582 USD the previous trading day. 1 USD exchanged for 157.09 Japanese Yen, down from 157.94 Yen the previous trading day; 1 USD exchanged for 0.9040 Swiss Francs, up from 0.9018 Francs the previous trading day; 1 USD exchanged for 1.4359 Canadian Dollars, down from 1.4411 Dollars the previous trading day; 1 USD exchanged for 11.0249 Swedish Krona, up from 11.0011 Krona the previous trading day.
▌The offshore RMB against the US dollar fell by 151 points compared to last Friday's New York close.
The offshore RMB (CNH) against the US dollar was reported at 7.3152 CNY at 05:59 Beijing time, down 151 points from last Friday's New York close, with overall intraday trading in the range of 7.2978-7.3195 CNY.
Golden Encyclopedia
▌What is Ripple Labs' RLUSD stablecoin?
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 US dollar, 1 RLUSD equals 1 USD. Each RLUSD maintains a 1:1 peg. These collateral assets are either USD deposits or cash equivalents.
Disclaimer: Golden Finance, as a blockchain information platform, provides articles for informational reference only and does not constitute actual investment advice. Everyone should establish a correct investment concept and raise risk awareness.
