1. CCTV reported that the price of Bitcoin hit a new high and said that Trump had promised to establish a strategic Bitcoin reserve
CCTV-2 (CCTV Finance Channel) Economic Information Network reported that "Bitcoin prices soared to a record high, reaching $75,000 at one point, an increase of more than 8%." The report also stated: Trump had previously promised to make the United States the world's Bitcoin and cryptocurrency capital and establish a strategic Bitcoin reserve.
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2. Bank of England cuts interest rates by 25 basis points
The Bank of England cut interest rates by 25 basis points, lowering the base rate from 5% to 4.75%, in line with market expectations. Bank of England Governor Bailey said interest rates may fall "gradually from here." The Bank of England expects GDP to grow by 1% in 2024, 1.5% in 2025, and 1.25% in 2026.
3. MakerDAO founder: Trump’s victory will drive the real and sustained revival of DeFi
Rune Christensen, founder of Sky (formerly MakerDAO), posted on social media that Trump's victory will drive a truly lasting revival of DeFi, and the possibility of a 10-fold increase in the number of users will greatly increase because DeFi benefits the most from reduced uncertainty in U.S. regulation compared to other aspects of the crypto space.
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4. An Ethereum whale address that has been dormant for more than 8 years has started selling more than 11,000 ETH
As ETH surged 12% today, an address that hoarded 11,004.9 ETH at $3.45 more than 8 years ago ended its dormancy and began selling these ETH on the chain. So far, he has sold 5,485 ETH in an hour and a half for 15 million USDC, with a selling price of $2,736.
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5. Leshan police cracked a major underground bank case: the amount involved in the cross-border transfer of virtual currency reached 38 billion yuan
The police in Leshan, Sichuan Province, successfully cracked a large-scale cross-regional underground money bank criminal network involving 13 provinces across the country, with a total amount of 38 billion yuan involved. The police found out that the gang controlled 24 shell companies, provided "public-to-private" services without real operations, and used virtual currency transactions to implement cross-border fund transfers. The operation information was complex, with about 20 million fund data intertwined. After careful investigation, a total of 176 suspects were arrested, and the main culprit Wan was sentenced to 13 years and six months in prison. At present, cases in various places are still under further investigation.
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6. Beijing police smashed a money laundering gang using virtual currency, involving more than 800 million yuan
In July this year, Beijing police found that the suspect Zhang had transferred more than 20 million yuan of criminal proceeds through overseas underground banks, causing serious losses to private enterprises. Through analysis of suspicious transactions, the police gradually locked in Lv and more than a dozen accounts associated with him, and found out through work that they had transferred a large amount of unknown funds overseas for more than three years, with the amount involved reaching more than 800 million yuan. The police found that the criminal gang headed by Lv provided funding channels for crimes such as telecommunications fraud and online gambling. The upstream criminal gangs often used Lv and others to "exchange" virtual currencies, using domestic RMB funds to purchase virtual currencies from currency speculators and currency dealers, and then sold virtual currencies to overseas buyers through overseas virtual currency platforms to obtain foreign exchange, thereby achieving the purpose of transferring illegal income from the country to overseas.
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