Trump appoints Bo Hines as the executive director of the Presidential Digital Asset Advisory Council.
According to The Block, U.S. President-elect Donald Trump announced the appointment of Bo Hines as the executive director of his 'Presidential Digital Asset Advisory Council', leading his 'Crypto Council'. Bo Hines was a college football player and failed to get elected as a congressman in 2022. Trump wrote: 'In this new role, Bo Hines will work with David Sacks to drive innovation and growth in the digital asset space while ensuring industry leaders have the resources they need to succeed.'
Trump nominates soon-to-depart a16z partner Krishnan as Senior Policy Advisor for AI at the White House Office of Science and Technology Policy.
According to CCTV news reports, U.S. President-elect Donald Trump has announced the nomination of Sriram Krishnan as the next Senior Policy Advisor for Artificial Intelligence at the White House Office of Science and Technology Policy. Trump stated in a statement that Sriram Krishnan will work closely with David Sacks to focus on ensuring America's continued leadership in the field of artificial intelligence. Previously, in November, a16z general partner Sriram Krishnan announced he would leave at the end of the year.
Michael Saylor releases Bitcoin Tracker information for the seventh consecutive week, possibly indicating another increase in BTC holdings.
MicroStrategy founder Michael Saylor has released Bitcoin Tracker information for the seventh consecutive week, but this time, unlike before, he stated: 'The orange dots on the website have an incentive effect.' (Note: Previously, each time MicroStrategy bought BTC, a green dot would be marked on the corresponding date on the site, while the BTC price trend line was marked in blue; this time, the previous green dots on the site changed to orange.) According to prior patterns, MicroStrategy usually increases its Bitcoin holdings the day after relevant news is released.
Previously, Michael Saylor stated that upcoming accounting rules could enable MicroStrategy to meet the S&P 500 profit requirements.
Securitize proposed adding BlackRock's BUIDL token as backing for the stablecoin Frax USD.
The decentralized stablecoin protocol Frax Finance is considering integrating BlackRock's BUIDL token as a reserve asset in its soon-to-be-relaunched Frax USD stablecoin, but this decision requires approval through the governance process. Securitize Markets has written a governance proposal for this purpose, indicating that this move would not only enhance the utility, security, and convenience of Frax USD but also reduce counterparty risks of reserves. The BUIDL token currently manages assets exceeding 530 million USD, primarily in short-term U.S. Treasury bonds. Although this proposal has not yet been voted on, preliminary feedback from members of the Frax Finance decentralized autonomous organization (DAO) has been generally positive.
Meanwhile, Frax's core team is planning to rename its core stablecoin to Frax USD (frxUSD) according to the specifications of another governance proposal, and simultaneously launch Staked Frax USD (sfrxUSD) as a yield-generating corresponding product. If the collaboration with Paxos is successful, frxUSD will be directly exchangeable for fiat currency and may benefit from efforts by Frax Finance to secure access to a U.S. Federal Reserve master account. A new mint-redeem system will also accompany the launch of the stablecoin; under the new system of 'designated custodians', if the governance layer allows its assets to back frxUSD, relevant entities can obtain the mint-redeem rights for frxUSD.
The competitive tokenization fund platform Superstate has also proposed two governance proposals, suggesting that Frax adopt its USTB treasury bond and USCC crypto arbitrage funds as backing for stablecoins. Superstate is calling for Frax to allocate up to 20 million USD to its USCC fund and up to 100 million USD to its USTB fund.
Bezos clarifies 600 million wedding rumors; MicroStrategy founder seizes the opportunity to recommend Bitcoin investment.
According to Bitcoin.com, Amazon founder Jeff Bezos has drawn widespread attention for firmly denying rumors that he and his fiancée Lauren Sanchez plan to host a 600 million USD wedding in Aspen, Colorado. He stated that these rumors are purely fictional. In response, several billionaires, including Tesla founder Elon Musk, expressed their support for Bezos. Musk even jokingly wished Bezos a grand wedding in the future, while Pershing Square CEO Bill Ackman directly rebutted the 600 million USD wedding rumor, calling it 'unbelievable'. However, amidst the buzz, MicroStrategy founder Michael Saylor cleverly diverted the topic, joking: '600 million USD can buy a lot of Bitcoin.' This development follows a proposal from Amazon shareholders encouraging the company to invest at least 5% of its assets in Bitcoin (BTC), coinciding with a similar proposal made to Microsoft recently. Saylor's comments again highlight the ongoing efforts to incorporate Bitcoin into mainstream financial discussions and leverage trending events to emphasize its investment potential. While Bezos laughed off the wedding gossip, Saylor seized the opportunity to shine a light on the vast prospects of Bitcoin as an alternative asset.
Pump.fun co-founder denies Christmas airdrop rumors
In response to community rumors about Pump.fun conducting an airdrop on Christmas, Pump.fun co-founder Alon clearly stated 'False', denying the news.
Greeks.live: Expect tight funding during the Christmas holiday, with strong risk aversion in the crypto market.
Greeks.live macro analyst Adam stated on the X platform that this Wednesday is Christmas, and major trading exchanges in Europe and the U.S. will enter a holiday break, with crypto funds typically seeing outflows this week. Currently, ETFs are the main source of external funds for the crypto market, and outflows are putting significant pressure on the crypto market compared to previous years, with strong risk aversion in the market. Regarding the outlook for the crypto market, there has not yet been a significant pullback in this bull market, and with tight funding during the Christmas holiday, a deleveraging trend before Trump's inauguration cannot be ruled out, with strong risk aversion in the market. Regarding the crypto interest rate market, nearly 12 billion USD in options are set to expire, accounting for over 40% of the current open interest, and large traders and market makers are actively adjusting positions, paying attention to the market can occasionally yield good opportunities to pick up bargains. The volatility expectation for this Christmas week is not high, and the market is more focused on betting on trends around the time of Trump's inauguration at the end of January, with recent periods being a good opportunity to buy options.
CZ: It's a bad idea for two people to access the same key; cryptocurrency should be transferred to an address they own.
Binance co-founder CZ stated on the X platform that he recently saw some people receiving cryptocurrencies by accepting private keys or hardware wallets, which is a bad idea because the giver still has access to those cryptocurrencies. Cryptocurrency should be transferred to an address that one owns, or better yet, simply have the giver send it to an address they own. Allowing two people access to the same key (or mnemonic phrase) is a bad idea. When these cryptocurrencies are moved (or stolen by hackers), it is nearly impossible to prove who moved them (or was hacked).
Hut 8 CEO: Choosing to build a strategic Bitcoin reserve based on operational strategy and capital management.
Hut 8 CEO Asher Genoot explained on the X platform why the Nasdaq-listed Bitcoin mining company chose to build a strategic Bitcoin reserve. He stated: "Fundamentals-first operational strategy + active capital management = exceptional value creation potential." According to screenshots shared by Asher Genoot, Hut 8's strategic Bitcoin reserve supports the flywheel effect, accelerating value creation across the business by combining capital and operational strategies. Their capital strategy includes: allocating capital to high ROI projects, capturing BTC price increases and strengthening the balance sheet, increasing strategic BTC reserves through low-cost production and strategic market purchases, and focusing on delivering exceptional long-term returns to shareholders. Their operational strategy includes: scaling up and expanding geographic reach, developing a digital infrastructure platform, expanding BTC mining scale, and reducing BTC mining costs.
CZ: I don't know how they calculated that the UAE holds Bitcoin worth 40 billion USD; the number is higher than expected.
Binance co-founder CZ previously retweeted a media report stating that the UAE holds Bitcoin worth 40 billion USD, subsequently, some in the community questioned this data, suggesting that the related report looked like an AI-generated article. CZ responded by saying: 'I also want to know how they came up with that exact number; data collection is difficult and higher than I expected, but then again, there are many wealthy people there (UAE).'
Barclays: Expect the Federal Reserve to pause interest rate cuts after June next year, until mid-2026.
According to Jinshi reports, Barclays Bank stated that one of the factors that may keep U.S. interest rates high is U.S. (inflation) policy. At the December meeting, some FOMC participants clearly began to reflect expectations of tariffs in their inflation forecasts. Furthermore, even among those who did not adjust their official forecasts, many now believe that the balance of inflation risks tends to be upward. Although Powell did not clearly answer how much the Federal Reserve tends to view price increases related to tariffs, we believe that, given that tariffs are expected to exacerbate inflation in the second half of 2025, especially against the backdrop of rising inflation rates in recent years, it will be a challenge for the Federal Reserve to continue cutting interest rates. We expect the Federal Reserve to pause rate cuts after June next year and to resume cuts around mid-2026 after the inflationary pressures caused by tariffs dissipate. In our baseline, we expect two 25 basis point cuts in 2026, with a terminal rate of 3.25-3.50%.
Data: Tokens such as MRS, ADA, and ENA will see significant unlocks this week, among which MRS unlocks are valued at approximately 34.7 million USD.
Token Unlocks data shows that tokens such as MRS, ADA, and ENA will see significant unlocks this week, among which:
Metars Genesis (MRS) will unlock approximately 10 million tokens at 8:00 AM Beijing time on December 23, accounting for 11.87% of the current circulation, valued at about 34.7 million USD;
Cardano (ADA) will unlock approximately 18.53 million tokens at 8:00 AM Beijing time on December 26, accounting for 0.05% of the current circulation, valued at about 16.6 million USD;
Ethena (ENA) will unlock approximately 12.86 million tokens at 3:00 PM Beijing time on December 25, accounting for 0.44% of the current circulation, valued at about 13.5 million USD;
Murasaki (MURA) will unlock approximately 20 million tokens at 8:00 AM Beijing time on December 23, accounting for 34.84% of the current circulation, valued at about 12.2 million USD;
Eigenlayer (EIGEN) will unlock approximately 1.29 million tokens at 3:00 AM Beijing time on December 25, accounting for 0.61% of the current circulation, valued at about 4.9 million USD;
MMX (MMX) will unlock approximately 1.67 million tokens at 8:00 AM Beijing time on December 24, accounting for 1.11% of the current circulation, valued at about 1.8 million USD;
Venom (VENOM) will unlock approximately 33.76 million tokens at 8:00 AM Beijing time on December 25, accounting for 1.77% of the current circulation, valued at about 2 million USD;
Coin98 (C98) will unlock approximately 16.53 million tokens at 7:00 PM Beijing time on December 23, accounting for 1.88% of the current circulation, valued at about 2.7 million USD;
Hooked Protocol (HOOK) will unlock approximately 4.17 million tokens at 8:00 AM Beijing time on December 25, accounting for 1.97% of the current circulation, valued at about 1.7 million USD;
Karrat (KARRAT) will unlock approximately 11.25 million tokens at 8:00 AM Beijing time on December 23, accounting for 6.45% of the current circulation, valued at about 4.4 million USD.
Arthur Hayes deposited 2 million ENA into Bybit, valued at 2.06 million USD.
According to OnchainLens monitoring, 2 hours ago, Arthur Hayes deposited 2 million ENA into Bybit, valued at 2.06 million USD, with an average price of 0.97 USD. Previously, he redeemed 9.01 million ENA and deposited 7 million USD ENA into Binance.
In the past 48 hours, nine new wallets withdrew 362,380 LINK from Binance, valued at 8.19 million USD.
According to Lookonchain monitoring, whales are accumulating LINK, with 9 new wallets withdrawing 362,380 LINK from Binance in the past 48 hours, valued at 8.19 million USD.
Data: Over the past 7 days, Ethereum chain NFT sales exceeded 200 million USD, with Pudgy Penguins accounting for more than a quarter
According to data from CryptoSlam, Ethereum chain NFT sales have exceeded 200 million USD in the past 7 days, currently reaching 203,393,393 USD, with NFT project Pudgy Penguins sales reaching 52,731,146 USD, accounting for about 25.9% of Ethereum chain NFT sales, ranking first; LilPudgys sales reached 18,645,354 USD, ranking second; Azuki is third, with sales reaching 17,339,164 USD.
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