Headline
▌BTC breaks through $102,000
Market shows that BTC has broken through $102,000, currently at $102,001, with a 24-hour increase of 2%. The market is highly volatile, please control your risks.
▌Japanese lawmakers propose establishing a national Bitcoin reserve
Japanese Senator Satoshi Hamada formally submitted a proposal to the National Assembly on December 11 to discuss the establishment of a national Bitcoin reserve. This proposal echoes the global trend of promoting the establishment of Bitcoin reserves, including similar proposals in Russia, Brazil, Poland, and the United States. As Bitcoin prices broke through a historical high of $103,000 this month, discussions on establishing national Bitcoin reserves have gained support in multiple countries. Senator Hamada believes that Bitcoin reserves can help address global economic challenges and protect national assets.
Market
As of the time of publication, according to Coingecko data:
BTC recent trading price is $102,612, with an intraday change of +3.0%;
ETH recent trading price is $3,942, with an intraday change of +1.9%;
BNB recent trading price is $729.64, with an intraday change of +4.2%;
SOL recent trading price is $226.2, with an intraday change of +1.1%;
DOGE recent trading price is $0.4112, with an intraday change of +2.4%;
XPR recent trading price is $2.44, with an intraday change of +5.0%.
Policy
▌French Hill: A comprehensive crypto market structure bill will be introduced within the first 100 days of the legislative session
French Hill, the new chairman of the U.S. House Financial Services Committee, stated that the U.S. urgently needs a crypto market structure bill, which is a ‘top priority’ for the Republican Party, and plans to introduce a comprehensive crypto market structure bill within the first 100 days of the upcoming legislative session. The approval of the market structure bill will eliminate the regulatory uncertainty that has long overshadowed the U.S. crypto industry, and supportive legislation for crypto may pave the way for the U.S. to promote digital asset innovation and prevent crypto companies from offshoring. French Hill also criticized the current regulatory approach under SEC Chairman Gary Gensler. He stated, “Under Chairman Gensler’s leadership, we have not established traffic rules. We only have enforcement regulation. This does not help the U.S. succeed, nor does it help technological advancement, Web3 innovation, or the application of blockchain in listed companies and financial services.”
▌U.S. Congressman Cynthia Lummis: Met with the incoming Treasury Secretary to discuss Bitcoin's strategic reserves
U.S. crypto-friendly Senator Cynthia Lummis has met with the incoming Treasury Secretary Scott Bessent of the Trump administration to discuss Bitcoin's strategic reserves.
▌Yellen urges the incoming Trump administration: Do not take radical measures to interfere with necessary bank regulation
Reuters exclusive reveals that U.S. Treasury Secretary Yellen urged the incoming Trump administration on the 13th local time not to interfere with the appropriate regulation of U.S. bank capital levels, liquidity, and risk-taking, which are critical to ensuring the health of the banking system. Reuters mentions that Yellen has served as Treasury Secretary in the Biden administration since January 2021. She stated that the current regulatory framework in the U.S. is not perfect, and seeking ways to reduce burdens is reasonable. However, she warned that given the historical context of bank failures leading to financial crises, radical measures should not be taken to disrupt necessary regulation. “I don’t want to say that what we have is absolutely sacred and inviolable or untouchable. But I don’t think it has collapsed. We have a good system,” Yellen told Reuters. (Global Times)
Blockchain Applications
▌MagicBlock open-sources a16z-supported 'ephemeral rollup' technology
Solana game infrastructure startup MagicBlock is open-sourcing the a16z-supported 'ephemeral rollup' technology, enabling MagicBlock to run non-voting Solana validators in parallel with Solana, and can temporarily ‘flex’ computing resources before verifying status with the security committee and settling it to Layer 1. Solana's data will temporarily move to rollup (like Optimism on Ethereum) to execute some time or resource-sensitive functions that are typically performed off-chain on centralized servers.
Cryptocurrency
▌VanEck releases top 10 crypto predictions for 2025: The U.S. embraces Bitcoin through strategic reserves
Bitcoin Magazine disclosed on platform X that asset management giant VanEck released its top 10 cryptocurrency predictions for 2025: 1. The cryptocurrency bull market will reach a mid-term peak in the first quarter and set a new high in the fourth quarter; 2. The U.S. embraces Bitcoin through strategic reserves and increased cryptocurrency adoption; 3. The value of tokenized securities will exceed $50 billion; 4. Stablecoin daily settlement volume will reach $300 billion; 5. AI agents' on-chain activities will exceed 1 million agents; 6. Bitcoin Layer 2 TVL will reach 100,000 BTC; 7. Ethereum blob space will generate $1 billion in fee revenue; 8. DeFi TVL will reach $200 billion, and DEX trading volume will reach $4 trillion; 9. The NFT market will recover with trading volume reaching $30 billion; 10. DApp tokens will narrow the performance gap with L1 tokens.
▌CZ retweets Magic Eden's announcement of new support for BNB Chain, ME short-term breaks $4.4
CZ retweets Magic Eden's announcement of new support for BNB Chain, the relevant content shows that BNB Chain has now launched on Magic Eden's Launchpad, Mint Terminal, and Marketplace. The market shows that ME short-term breaks $4.4, with a 1-hour increase of about 10%. The market is highly volatile, please control your risks.
▌In December, global daily active users of cryptocurrencies reached 18.7 million, setting a historical high
According to Token Terminal data, global daily active users of cryptocurrencies reached 18.7 million in December, setting a historical high. This figure was 7.7 million at the beginning of this year.
▌Analysis: About 2.25 million wallets bought 2.18 million BTC in the price range of $94,300 to $100,250
According to on-chain analyst Ali's post on platform X, about 2.25 million wallets bought 2.18 million BTC in the price range of $94,300 to $100,250, indicating that a significant support wall has formed in this price range.
▌Bitcoin futures rose more than 1.4% on Friday, while spot Bitcoin recorded the longest consecutive weeks of gains in over three years
On Friday (December 13), at the close in New York, CME Bitcoin futures BTC main contract reported $102,000, up 1.43% compared to Thursday's close in New York, down 0.58% for the week, having dropped to $94,640 on December 10. Spot Bitcoin has cumulatively risen 0.68% over the past seven natural days, marking the seventh consecutive week of gains—investors closely monitor the potential regulatory stance of the newly elected U.S. President Trump, creating the longest consecutive weeks of gains since September 2021, currently reported at $101,000, having previously dropped to $94,277.11 on December 10. CME Ethereum futures DCR main contract reported $3,928.00, up 0.55% compared to Thursday, down 3.56% for the week, also having dropped to $3,498.50 on December 10.
▌MicroStrategy (MSTR) has been included in the Nasdaq 100 index
MicroStrategy (MSTR) has been included in the Nasdaq 100 index.
Important Economic Dynamics
▌U.S. stocks closed mixed, Nasdaq up 0.12%
U.S. stocks closed mixed, with the Dow down 0.20%, Nasdaq up 0.12%, and S&P 500 flat.
Golden Encyclopedia
▌What is Rollup?
Rollup is a method of processing transactions on Layer 2 protocols that can free up valuable space on the base layer. Rollup folds transactions on the second layer one by one, sometimes folding them dozens of times, then rolls them together and sends the data back to Layer 1. There are mainly two types of Rollup: optimistic and zero-knowledge (ZK) proofs. Optimistic Rollup is a fairly straightforward term. It means that Rollup operates under an “optimistic” approach, assuming transactions are valid unless the validators prove otherwise. They will only check the validity of transactions in the event of a dispute. ZK Rollup proves the validity of transactions without revealing any transaction data. Thus, it is called “zero-knowledge.” ZK Rollup offers instant finality as cryptographic proofs guarantee data validity. In many ways, Rollup to your standard blockchain transaction is like Calzone to a regular pizza slice. By rolling up, you can fit in more.
Disclaimer: As a blockchain information platform, Golden Finance's published articles are for informational reference only and do not constitute actual investment advice. Please establish correct investment concepts and be sure to enhance risk awareness.
