Headlines
▌US SEC approves Hashdex Nasdaq Bitcoin and Ethereum Crypto Index ETF
According to market news, the U.S. Securities and Exchange Commission approved the Hashdex Nasdaq Bitcoin and Ethereum Crypto Index ETF.
▌Craig Wright was sentenced to 12 months in prison, suspended for two years
Craig Wright, an Australian scientist who claims to be Satoshi Nakamoto, was found in contempt of court and sentenced to 12 months in prison, suspended for two years. He reportedly appeared in court via video link and refused to reveal his specific location, but said he would appeal.
Previously, Wright launched a £900 billion "legal case" involving intellectual property. In March of this year, a British judge ruled that Wright was not Satoshi Nakamoto. The Crypto Open Patent Alliance (COPA) first filed a lawsuit against Wright in April, trying to prevent Wright from asserting copyright claims to the Bitcoin white paper and database. During the trial, two key figures appeared in court to testify, including Adam Back, a pioneer of the Bitcoin proof-of-work consensus system.
Market
As of the time of publication, according to Coingecko data:
The recent trading price of BTC is $97,467.82, with a daily change of -3.4%;
The recent trading price of ETH is $3,405.34, with a daily change of -6.7%;
The recent trading price of BNB is $664.30, with a daily change of -4.0%;
The recent trading price of SOL is $193.06, with a daily change of -7.1%;
The recent trading price of DOGE is ¥0.3116, with a daily change of -2.3%;
The recent trading price of XPR is $2.24, with a daily change of -4.3%.
Policy
▌The team behind 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, related to influencer Haliey Welch or 'Hawk Tuah Girl', has been sued by investors for allegedly violating securities laws.
The lawsuit claims that HAWK's behavior resembles unregistered securities, attracting investors who were new to cryptocurrency, who subsequently suffered 'substantial losses' after the token's decline. Twelve plaintiffs who invested in HAWK collectively suffered financial losses of $151,000 and have filed a lawsuit seeking a jury trial. The complaint also alleges that a wallet controlled by the Tuah Foundation received $3 million from token trading fees.
▌German regulators order Worldcoin to delete biometric data collected from human eyes.
The German regulatory authority, the Bavarian State Data Protection Authority, ordered Worldcoin to delete biometric data collected through eye scans. Worldcoin stated that it has changed its processes, and the findings of the German authorities largely relate to outdated operations and technologies that have been replaced in 2024.
The Bavarian State Data Protection Authority concluded an investigation that began in April 2023, stating in a declaration on Wednesday that Worldcoin is required to provide a deletion procedure compliant with GDPR (General Data Protection Regulation) within one month of the decision's effectiveness, and to delete certain previously collected data records without sufficient legal basis.
OpenAI CEO Sam Altman stated that measures have been taken in recent months to alleviate regulatory concerns, including transitioning Worldcoin to a system that 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 for operating World IDs is not retained.
Blockchain Applications
▌Dubai tokenization platform Allo secures $100 million credit support backed by Bitcoin.
The Dubai tokenization platform Allo announced it has secured a $100 million credit line backed by Bitcoin, funded by Greengage and a 'long-established 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 cryptocurrencies in 2024.
Chainalysis reported on December 19 that North Korean hackers stole over $1.3 billion in cryptocurrencies in 47 incidents that occurred in 2024, accounting for about 61% of the total reported thefts that year.
Chainalysis stated: 'North Korea's crypto attacks appear to be becoming more frequent,' adding: 'Notably, the frequency of attacks valued between $50 million and $100 million, and over $100 million in 2024, is much higher than in 2023, indicating that North Korea is becoming better and faster at large-scale attacks. This contrasts sharply with the previous two years, during which North Korea's attacks were more frequent, but each attack generated profits of less than $50 million.'
▌The Trump family's crypto project WLFI bought 722.2 ETH one hour ago, at an average price of $3461.
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 price of $3,461 per transaction.
▌Report: Coinbase Advanced's trading volume increased by 191%, and the number of users grew by 77%.
According to a report from Investing.com, the cryptocurrency exchange Coinbase's platform for professional traders, Coinbase Advanced, has seen a surge in users and trading volume in 2024.
A report on December 19 stated that the platform's trading volume increased by 191%, mainly due to strong growth in derivatives trading, with the number of users rising by 77%. Coinbase Advanced targets 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 skyrocketing approximately 10,950% in 2024.
▌The Eigen Foundation grants 1 million EIGEN tokens to AltLayer.
According to an official announcement, the Eigen Foundation has granted AltLayer 1 million EIGEN tokens, which AltLayer stated will be directly used to give back to the community. The first 500,000 EIGEN tokens will be 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.
Key Economic Dynamics
▌The probability of the Federal Reserve maintaining interest rates in January next year is 91.4%.
According to CME's 'FedWatch', there is a 91.4% chance the Federal Reserve will maintain interest rates in January next year, with an 8.6% chance of a 25 basis point cut. By March next year, there is a 53% chance of maintaining the current rate, a cumulative 43.4% chance of cutting rates by 25 basis points, and a cumulative 3.6% chance of cutting rates by 50 basis points.
▌The US 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. As of the close of the New York exchange, 1 euro exchanged for 1.0362 dollars, down from 1.0376 dollars the previous trading day; 1 pound exchanged for 1.2505 dollars, down from 1.2593 dollars the previous trading day. 1 dollar exchanged for 157.43 yen, up from 154.66 yen the previous trading day; 1 dollar exchanged for 0.8983 Swiss francs, down from 0.9003 Swiss francs the previous trading day; 1 dollar exchanged for 1.4388 Canadian dollars, down from 1.4417 Canadian dollars the previous trading day; 1 dollar exchanged for 11.0322 Swedish kronor, down from 11.1102 Swedish kronor the previous trading day.
Jinse Encyclopedia
▌What is Rollup?
Rollup is a way of processing transactions on Layer 2 protocols that can free up valuable space on the base layer. Rollups fold transactions on the second layer, sometimes folding dozens of times, and then roll them up together before sending the data back to Layer 1. There are mainly two types of Rollups: optimistic and zero-knowledge (ZK) proofs. Optimistic Rollup is a fairly clear term. It means that the Rollup operates on an 'optimistic' basis, assuming transactions are valid unless a validator proves otherwise. They only check the validity of transactions in case of disputes. ZK Rollup proves transactions without disclosing any transaction data. Hence the name 'zero-knowledge'. ZK Rollup provides instant finality, as cryptographic proofs guarantee data validity. In many ways, a Rollup is to your standard blockchain transaction what a Calzone is to a regular pizza slice. By rolling up, you can fit in more.
Disclaimer: As a blockchain information platform, Jinse Finance's published articles are for informational reference only and do not constitute actual investment advice. Please establish a correct investment philosophy and be sure to raise risk awareness.
