Headlines
▌The US SEC approves Hashdex's Nasdaq Bitcoin and Ethereum cryptocurrency index ETF.
According to market news, the U.S. Securities and Exchange Commission has approved Hashdex's Nasdaq Bitcoin and Ethereum cryptocurrency index ETF.
▌Craig Wright sentenced to 12 months in prison, with a two-year probation.
Self-proclaimed Satoshi Nakamoto, Australian scientist Craig Wright, was found in contempt of court and sentenced to 12 months in prison, with a two-year probation. It is reported that he appeared in court via video link, refusing to disclose his exact location, but stated that he would appeal.
Previously, Wright initiated a £900 billion legal action involving intellectual property. In March, a UK judge ruled that Wright is not Satoshi Nakamoto. The Crypto Open Patent Alliance (COPA) first sued Wright in April, attempting to prevent him from claiming copyright over the Bitcoin white paper and database. During the trial, two key figures testified, including Adam Back, a pioneer of the Bitcoin proof-of-work consensus system.
Market News
As of the time of publication, according to Coingecko data:
The recent transaction price of BTC is $97,467.82, with a daily fluctuation of -3.4%;
The recent transaction price of ETH is $3,405.34, with a daily fluctuation of -6.7%;
The recent transaction price of BNB is $664.30, with a daily fluctuation of -4.0%;
The recent transaction price of SOL is $193.06, with a daily fluctuation of -7.1%;
The recent transaction price of DOGE is 0.3116 yuan, with a daily fluctuation of -2.3%;
The recent transaction price of XPR is $2.24, with a daily fluctuation of -4.3%.
Policies
▌The team behind the meme coin HAWK has been sued by investors for allegedly violating securities laws.
A court document shows that the team behind the meme coin HAWK, associated with influencer Haliey Welch or 'Hawk Tuah Girl,' has been sued by investors for allegedly violating securities laws.
The lawsuit claims that HAWK's actions resemble unregistered securities, attracting first-time cryptocurrency investors, who subsequently suffered 'huge losses' after the token's decline. The 12 plaintiffs who invested in HAWK collectively suffered financial losses of $151,000 and are seeking a jury trial. The complaint also alleges that a wallet controlled by the Tuah Foundation collected $3 million from token transaction fees.
▌German regulators order Worldcoin to delete biometric data collected from human eye scans.
German regulators, specifically the Bavarian State Data Protection Authority, ordered Worldcoin to delete biometric data collected from eye scans. Worldcoin stated it has changed its processes, and the findings of the German regulator's investigation largely involved outdated operations and technologies that have been replaced in 2024.
The Bavarian State Data Protection Authority has concluded its investigation that began in April 2023, stating in a statement on Wednesday that Worldcoin is obligated to provide a deletion procedure compliant with GDPR (General Data Protection Regulation) within one month after the decision takes effect, and to delete certain data records previously collected without sufficient legal basis.
OpenAI CEO Sam Altman stated that measures have been taken in recent months to alleviate regulators' concerns, including transitioning to a system where Worldcoin no longer stores biometric data. To comply with GDPR requirements, the iris codes used to verify individual World IDs will no longer be stored, and previously collected iris codes will be voluntarily deleted, ensuring that personal data used to operate World IDs is not retained.
Blockchain Applications
▌Dubai's tokenization platform Allo secures $100 million in Bitcoin-backed credit support.
Dubai's tokenization platform Allo announced it has obtained a $100 million credit line backed by Bitcoin, financed by Greengage and a 'long-standing US institution.' This funding will be used to expand on-chain lending and physical asset tokenization services.
Cryptocurrency
▌Chainalysis: North Korean hackers stole $1.3 billion worth of cryptocurrency in 2024
Chainalysis reported on December 19 that North Korean hackers stole over $1.3 billion worth of cryptocurrency in 47 incidents that occurred in 2024, accounting for about 61% of the total reported theft amount for that year.
Chainalysis stated: 'North Korea's crypto attacks seem to be becoming more frequent,' adding: 'Notably, the frequency of attacks ranging from $50 million to $100 million and those exceeding $100 million in 2024 is far higher than in 2023, indicating that North Korea is getting better and faster at large-scale attacks. This stands in stark contrast to the previous two years when North Korean attacks were more frequent, with profits from each attack being less than $50 million.'
▌The Trump family's crypto project WLFI purchased 722.2 ETH one hour ago at an average price of $3,461.
According to Arkham monitoring, one hour ago, the Trump family's crypto project WLFI spent 2.5 million USDC to purchase 722.2 ETH, with an average transaction price of $3,461.
▌Report: Coinbase Advanced trading volume grew by 191%, and the number of users increased by 77%
According to a report by Investing.com, the Coinbase Advanced platform for professional traders saw a surge in users and trading volume in 2024.
The report on December 19 stated that the platform's trading volume grew by 191%, primarily due to strong growth in derivatives trading, with the number of users increasing by 77%. Coinbase Advanced caters to experienced traders and charges users a fixed monthly fee in exchange for discounted trading costs, a wider variety of order types, and analytical tools.
Coinbase revealed to Investing.com that derivatives have experienced particularly rapid growth, with trading volume surging approximately 10,950% in 2024.
▌The Eigen Foundation grants AltLayer 1 million EIGEN tokens.
According to the official announcement, the Eigen Foundation has granted AltLayer 1 million EIGEN tokens, and AltLayer stated that it will directly use the tokens to benefit the community, with the first 500,000 EIGEN tokens being distributed to reALT holders and stakers starting this week. The remaining 500,000 EIGEN tokens will be distributed when the V2 reward mechanism of Eigen Layer launches on its mainnet in 2025.
Important Economic Developments
▌The probability that the Federal Reserve will keep interest rates unchanged in January next year is 91.4%.
According to CME's FedWatch, the probability that the Federal Reserve will keep interest rates unchanged in January next year is 91.4%, with an 8.6% probability of a 25 basis point rate cut. The probability of maintaining the current rate unchanged by March next year is 53%, with a cumulative 25 basis point rate cut probability of 43.4% and a cumulative 50 basis point rate cut probability of 3.6%.
▌The dollar index rose by 0.36% on the 19th.
The US dollar index, which measures the dollar against six major currencies, rose by 0.36% on the 19th, closing at 108.409 in the foreign exchange markets. As of the close of the New York foreign exchange market, 1 euro was exchanged for 1.0362 dollars, down from 1.0376 dollars the previous trading day; 1 pound was exchanged for 1.2505 dollars, down from 1.2593 dollars the previous trading day. 1 dollar was exchanged for 157.43 yen, up from 154.66 yen the previous trading day; 1 dollar was exchanged for 0.8983 Swiss francs, down from 0.9003 Swiss francs the previous trading day; 1 dollar was exchanged for 1.4388 Canadian dollars, down from 1.4417 Canadian dollars the previous trading day; 1 dollar was exchanged for 11.0322 Swedish krona, down from 11.1102 Swedish krona the previous trading day.
Golden Encyclopedia
▌What is Rollup?
Rollup is a method of processing transactions on Layer 2 protocols that can free up valuable space on the underlying layer. Rollup folds transactions on the second layer individually, 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 clear term. It means that Rollup operates with an 'optimistic' approach, assuming transactions are valid unless validators prove otherwise. They only check the validity of transactions in the event of a dispute. ZK Rollup proves transactions without revealing any transaction data, hence the name 'zero-knowledge.' ZK Rollup offers instant finality as cryptographic proofs guarantee data validity. In many ways, Rollup is to your standard blockchain transaction what a Calzone is to a regular slice of pizza. By rolling up, you can fit in more.
Disclaimer: Golden Finance, as a blockchain information platform, provides the content of its articles for informational reference only and does not constitute actual investment advice. Everyone is encouraged to establish a correct investment philosophy and to raise risk awareness.
