Compiled by Luan Peng, ChainCatcher
Important information:
Insiders: Trump's team is considering establishing the first cryptocurrency-related position in the White House
Bitwise applies to register a Solana ETF in Delaware, USA
Bloomberg analyst: Grayscale submitted a Bitcoin miners ETF application
FTX co-founder Gary Wang has been sentenced to time served, and will not serve additional time
Justin Sun acquires Maurizio Cattelan's artwork Comedian banana for $6.2 million
Fox reporter: Crypto bank Custodia Bank will further cut jobs to save funds
"What important events have occurred in the past 24 hours?"
Insiders: Trump's team is considering establishing the first cryptocurrency-related position in the White House
According to Bloomberg, sources familiar with the transition work revealed that President-elect Trump's team is discussing whether to establish a new position in the White House specifically responsible for cryptocurrency policy.
Insiders say Trump's team is reviewing candidates for this position. If established, this will be the first position in the White House specifically responsible for the cryptocurrency sector, highlighting the emerging industry's influence on the new government.
It is currently unclear whether a senior White House position or 'crypto czar' (a Washington term referring to the head responsible for overseeing federal policies and regulations) will be established. They stated that advocates for the crypto industry are pushing for this position to have direct ties to Trump.
Bitwise applies to register a Solana ETF in Delaware, USA.
According to Cointelegraph, Bitwise has submitted documents to the Delaware Department of State to register its first Solana ETF.
Bloomberg analyst: Grayscale submitted a Bitcoin miners ETF application
Bloomberg ETF analyst Henry Jim posted on X that Grayscale submitted a Bitcoin miners ETF application, with trading code/fee rates pending, effective date January 27, 2025.
FTX co-founder Gary Wang has been sentenced to time served and will not serve additional time.
Gary Wang, co-founder and former CTO of cryptocurrency exchange FTX, provided extensive cooperation to U.S. prosecutors and was thus sentenced to time served without additional time.
Wang faced a maximum of 50 years in prison but began cooperating with authorities shortly after FTX's collapse in November 2022.
Prosecutor Andrew Roos emphasized the uniqueness of Wang's cooperation, highlighting his technical expertise and willingness to help from the very beginning. Roos stated: 'He cracked half the case for us on the first day of cooperation.' Wang's insights were crucial for understanding how FTX's code allowed for the misappropriation of customer funds, which played a central role in the fraud associated with the exchange.
Justin Sun acquires Maurizio Cattelan's artwork Comedian banana for $6.2 million.
Justin Sun acquires Maurizio Cattelan's iconic work Comedian banana for $6.2 million.
He stated: 'This is not just an artwork, but a cultural phenomenon connecting art, meme culture, and the cryptocurrency community. I believe this work will inspire more thoughts and discussions in the future and become a part of history. I am honored to be the proud owner of this banana and look forward to it bringing more inspiration and impact to art lovers worldwide.'
Fox reporter: Crypto bank Custodia Bank will further cut jobs to save funds
According to Fox Business reporter Eleanor Terrett, the Wyoming-based crypto bank Custodia Bank will further cut jobs to save funds.
Custodia's lawsuit against the Federal Reserve will have oral arguments on January 21, coinciding with the second day of Trump's inauguration.
Custodia CEO Caitlin Long stated: 'I am incredibly proud of the Custodia team, the services we build for our clients, and our resilience in multiple innocent 'de-banking' incidents. I especially thank Custodia's clients and shareholders who help us continue to fight for lasting banking access for the compliant U.S. crypto industry.'
Blockstream announces the establishment of an asset management division aimed at bridging the gap between Bitcoin and mainstream finance
Blockstream announces the establishment of an asset management division aimed at bridging the gap between Bitcoin and mainstream finance. Hedge fund professional Sean Bill has been appointed as Chief Investment Officer to lead this initiative.
South Korean police confirm that the hackers who stole 342,000 ETH from Upbit five years ago were from North Korea.
South Korean police confirmed for the first time that the theft of 342,000 Ethereum from the cryptocurrency exchange Upbit in 2019 was carried out by the North Korean reconnaissance bureau's hacker organizations 'Lazarus' and 'Andariel'. The police reached this conclusion through North Korean IP addresses, the flow of encrypted assets, and evidence obtained in cooperation with the FBI.
57% of the Ethereum was exchanged for Bitcoin at a low price, while the remaining assets were laundered through 51 overseas exchanges. After four years of tracking, the police successfully recovered 4.8 Bitcoin (approximately 600 million won) from a Swiss exchange and returned it to Upbit.
Engineer profited from virtual currency by taking advantage of his position, sentenced to 3.5 years for illegally obtaining data from a computer information system
According to Workers' Daily, the Changping District People's Court in Beijing recently released a case where an employee profited from virtual currency by taking advantage of his position, constituting illegal acquisition of data from a computer information system. Zhang, a blockchain engineer at a network company, discovered a large amount of Ethereum in the account during project development and planned to attack the company's account to obtain it.
He took advantage of his job to request program codes and private keys exceeding his authority from colleagues and shared them in a 'technical exchange group', inviting group members to crack and attack the company account, successfully obtaining 106.15 Ethereum, illegally profiting 38,329.76 yuan.
The court found that Zhang violated regulations, illegally obtained Ethereum information from the company's computer system, and profited from trading, constituting illegal acquisition of data from a computer information system. Although there were management loopholes in the company, this was not an excuse for Zhang's crime. Ultimately, Zhang was sentenced to 3 years and 6 months in prison, fined 60,000 yuan, and had illegal gains of 38,329.76 yuan confiscated. The second trial ruled to dismiss the appeal and upheld the original sentence.
OKX will officially delist the LON/USDT and LON/USDC trading pairs on November 28
OKX announced that it will officially delist the LON/USDT and LON/USDC trading pairs on November 28, 2024, from 16:00 to 16:30 (UTC). Users with orders for these trading pairs should withdraw them before 16:00 on November 28, 2024. If not withdrawn in time, the order system will execute automatically. Withdrawals may take 1 to 3 working days.
Binance will list SLERFUSDT and SCRTUSDT perpetual contracts
Binance will list SLERFUSDT and SCRTUSDT perpetual contracts on November 21, 2024, at 11:30 (UTC), supporting up to 75x leverage.
"What exciting articles are worth reading in the past 24 hours?"
Stablecoin Handbook: How a multi-trillion dollar market was formed?
In the stablecoin competition, the crypto market is not key; distribution and real adoption are crucial. Stablecoin adoption is mainly reflected in three areas: crypto-native, fully banked, and unbanked worlds.
The popular TikTok meme comes to the crypto space worth $600 million, reviewing Chillguy's rapid rise to fame.
On a day when memes generally pulled back, who is the hottest contrarian? No need to think, it must be that expressionless ChillGuy with hands in pockets.
The meme guy who became popular on the overseas version of TikTok caused a stir in just 24 hours: market value once exceeded $600 million, with a 24-hour increase of several times and trading volume exceeding $700 million, with the most recent hour's trading volume also exceeding $100 million.
Just a few days ago, it was only spreading on TikTok.
Interestingly, while we were still marveling at the phrase 'Just Chill', players in the crypto space had already demonstrated what 'true Chill' means through their actions: from the El Salvador president's posts to Musk's retweets, from TikTok to Twitter, everything can become a focal point for attention hype.
ChillGuy performed a perfect 'lying win' with a 'lying flat' posture.
If you still don't know why a meme can cause a stir, here's a quick recap of the storyline.
Taking advantage of a loophole three times, Meerun stole $1.2 billion from FTX in this way.
Last week, a lawsuit document from FTX revealed that a Mauritian citizen named Nawaaz Mohammad Meerun extracted $1.2 billion from FTX and Alameda Research over a year without leaving any solid evidence.
Bitcoin is nearing a breakthrough of $100,000, while altcoins are underperforming.
With Bitcoin once again reaching a new high of $97,000, its market share in the cryptocurrency market has also reached a new high in three years. The pro-crypto group under Trump has always viewed Bitcoin as the core of its crypto strategy, and with the clarification of the crypto compliance environment, various compliant investment methods are favored by investors.
Banana taped to the wall, can this art and fruit combination concept meme coin Ban get on board?
This morning, Justin Sun announced the purchase of Maurizio Cattelan's iconic work 'Comedian' for $6.2 million, commenting that 'this is not just an artwork; it represents a cultural phenomenon connecting the worlds of art, memes, and the cryptocurrency community. I believe this work will inspire more thoughts and discussions in the future and become a part of history.'
