BlockBeats news, on December 12, according to the Bloomberg Billionaires Index, Musk's net worth increased by approximately $50 billion to $439.2 billion. At the end of 2022, Musk's wealth had declined by over $200 billion, but after Trump won the election last month, Musk, as the largest donor, saw his fortune surge instantly. On Wednesday, SpaceX and its investors agreed to buy $1.25 billion worth of stock from employees and other insiders. This deal values the private space exploration company at about $350 billion, making SpaceX the most valuable private startup in the world. (Jin Shi)

BlockBeats news, December 12, the NASDAQ continued to rise, breaking through 20,000 points for the first time, setting a new historical high, with a cumulative increase of over 33% this year. (Jin Shi)

According to BlockBeats news on December 12, Gamebeat reported that the Arbitrum Foundation and Ubisoft announced that a Web3 shooting game (Captain Laserhawk: The GAME) will debut on December 18. To prepare for the game's release, the two teams collaborated with Magic Eden to launch the Niji Warrior series NFT for the game, which is now available for free minting. This dynamic NFT grants exclusive game privileges, including early access rights, and gives players the ability to influence game development.

(Captain Laserhawk: The GAME) is a competitive multiplayer shooting game set in the dystopian world of Eden, inspired by the Netflix series (Captain Laserhawk: A Blood Dragon Remix).

BlockBeats news, on December 12, according to HTX market data, BB briefly broke 0.42 USD, currently quoted at 0.415 USD, with a 24-hour increase of 25%.

BlockBeats news, December 12, Tesla (TSLA.O) stock price surpassed the peak of $414.49 in November 2021, reaching a new all-time high, with an intraday increase of about 3.4%.

BlockBeats News, December 12, CryptoQuant founder Ki Young Ju stated on social media that Microstrategy (MSTR) is not in a bubble. As the company continues to accumulate BTC, their Bitcoin holding premium has decreased from 240% to 99% in 4 weeks. If they balance NAV and BTC premium when purchasing, both MSTR and BTC prices can steadily rise without issues.

BlockBeats news, on December 12, according to HTX market data, SCR has risen and broken through 1.2 dollars, currently quoted at 1.218 dollars, with a 24-hour increase of 29.4%.

BlockBeats news, on December 12, according to HTX market data, Bitcoin briefly broke through $101,000, currently quoted at $100,980, with a 24-hour increase of 5.4%.

According to BlockBeats news, on December 12, Citibank's latest report argues that stablecoins not only have the potential to reinforce the dollar's dominance but also challenge the claim that Bitcoin will one day end the dollar's hegemony.

The analyst stated in the report: "Initially, cryptocurrencies like Bitcoin were seen as competitors to central bank-issued currencies. In fact, some believe — and still believe — that Bitcoin could end the dominance of the dollar. However, USDT is challenging this claim."

Citibank pointed out that the vast majority of stablecoins are pegged to the dollar, with issuers simultaneously holding dollars and U.S. Treasury bonds. The analyst also stated that if the U.S. government further legitimizes stablecoins, this could enhance the dollar's dominance. "Increased regulatory transparency could also further increase the appeal of stablecoins. If so, the demand of stablecoin issuers for U.S. Treasury bonds may grow from the current level of about 1%. Therefore, this cryptocurrency will not replace the dollar, but can make the dollar more easily accepted worldwide and reinforce the dollar's long-standing global dominance."

BlockBeats news, on December 12, according to market data, BNB has rebounded to 700 USD, currently quoted at 698.3 USD, with a 24-hour increase of 6.91%.

BlockBeats news, December 11, Bloomberg analyst James Seyffart posted on social media that whether Microstrategy (MSTR) can be classified as part of the Nasdaq 100 may depend on its ICB classification. If the company's operating business is software as a service, it would classify it as a tech stock. However, its stock performance is now largely tied to financial engineering, stemming from its Bitcoin purchases. Chairman Michael Saylor has stated that he hopes to transform MicroStrategy into a 'Bitcoin bank.' If ICB reclassifies MicroStrategy as a financial stock, it will not qualify for the Nasdaq 100.

BlockBeats news, on December 11, according to HTX market data, Ethereum has surpassed $3800, currently priced at $3803, with a 24-hour increase of 4.4%.

BlockBeats news, on December 11, according to HTX market data, SOL has rebounded and surpassed 230 dollars, currently priced at 230.16 dollars, with a 24-hour increase of 8.24%.

BlockBeats news, on December 11, according to Coinglass data, the total liquidation across the network in the past hour was 43.1696 million dollars, with long positions liquidated at 1.33 million dollars and short positions liquidated at 41.95 million dollars.

According to BlockBeats, on December 11, according to HTX market data, Bitcoin rebounded to $100,000 and is currently priced at $100,000.

According to BlockBeats, on December 11, BounceBit announced that it had joined Cyberport, Hong Kong's elite technology incubator, as part of its global expansion strategy. With Cyberport's extensive resources and network, BounceBit will not only build its business, but also create a strategic RWA + CeDeFi infrastructure center to promote global innovation.

BlockBeats News, on December 11, according to official news, Gravity announced the establishment of a $50 million ecosystem venture capital alliance aimed at redefining blockchain performance and creating a truly interconnected full-chain ecosystem to promote the large-scale adoption of blockchain through next-generation projects.

Dedicated to supporting projects and developers on Gravity. The alliance is built on the collective strength of some of the most prominent VCs and investors in the blockchain industry, including: Blockchain Coinvestors, DAO5, Draper Dragon, Faction, HashKey Capital, IOSG Ventures, Lattice, Spartan Group.

BlockBeats news, on December 11, Microsoft's board disclosed in regulatory filings its reasons for rejecting investment in Bitcoin, stating that the proposal was unnecessary as the company is already considering multiple investment options.

Microsoft stated: "As mentioned in the proposal itself, Bitcoin's volatility is a factor to consider when evaluating it as an investment for corporate financial applications, as companies need stable and predictable investments to ensure liquidity and operating capital. Microsoft already has strong and appropriate processes in place to manage and diversify corporate finances to achieve long-term shareholder value, thus the request for a public evaluation of the proposal is unnecessary."

BlockBeats news, on December 11, according to The Block, the decentralized trading platform Balancer has launched its V3 platform upgrade, aimed at optimizing liquidity, providing new development tools, and driving trading volume growth.

Balancer V3 introduces 100% Boosted Pools, combining its permissionless automated market maker technology with the yield market infrastructure of the DeFi lending protocol Aave. Aave is the primary launch partner for this upgrade, and other partners are expected to follow suit. This integration allows these pools to merge the yields from the swap and lending markets into a single efficient location.

BlockBeats news, on December 11, European cryptocurrency investment firm CoinShares released its outlook for the cryptocurrency industry in 2025, highlighting the profound impact of political changes in the United States, developments in Solana and XRP, among others.

The report states that a major trend for 2025 is Bitcoin yield solutions, allowing users to gain additional value through holding BTC. This trend reflects a broader recognition that Bitcoin is not only a store of value but also a means of generating income. An important indicator of more Bitcoin reserves in 2025 will be the increasing global acceptance of cryptocurrency payments.