Time magazine has just announced the best CEO of 2024. Originally, everyone thought it would be Jen-Hsun Huang, but this honor was awarded to Lisa Su, CEO of Advanced Micro Devices (AMD). Su Zifeng and Huang Renxun were both born in Tainan, Taiwan, and both have solid science and engineering backgrounds and work experience. Su Zifeng, like Huang Renxun, does not deliberately dye her hair. Her silver hair gives people the impression of wisdom, stability and maturity. Su Zifeng broke the ceiling as an Asian woman in the United States and became the CEO of an outstanding technology company. She also appeared on the cover of Time and appeared with Huang Renxun. Not inferior to AMD, and her strong ambition to challenge Huida's position also made the American media begin to actively report AMD's layout and industry trends.

Ray Dalio, founder of the world's largest hedge fund Bridgewater and author of bestsellers (Principles), (The Big Debt Crisis), (The Changing World Order), recently stated at Abu Dhabi Finance Week (ADFW) that we are about to face a debt and currency problem. He warned investors to stay away from debt assets and hold hard currencies such as gold and Bitcoin.

The debt levels of major countries have reached unprecedented heights

According to reports, Ray Dalio stated during his speech at Abu Dhabi Finance Week that:

'I believe we may soon face a debt and currency problem. I want to stay away from debt assets, such as bonds and other liabilities, and hold some hard currencies like gold and Bitcoin.'

Coincheck, Japan's second-largest cryptocurrency exchange, will list on the U.S. NASDAQ this Wednesday, becoming the second cryptocurrency exchange to go public in the U.S. after Coinbase. According to Coincheck's official statement, this listing is completed through a merger with Thunder Bridge Capital via a de-SPAC transaction.

Coincheck's year-long preparation for listing has finally been completed

Coincheck and Thunder Bridge Capital submitted the final F-4 document to the U.S. SEC in May of this year, which is a key document required for foreign companies to list in the U.S. After months of revisions, the document was finally approved. In fact, Coincheck had initiated the listing process as early as 2022, but due to increased disclosure requirements for SPAC listings in the U.S., the plan was postponed to this year.

Everyone wants to invest in cryptocurrency to make a fortune, and even pastors are no exception. The U.S. Commodity Futures Trading Commission (CFTC) charged a pastor from a church in Washington State on December 10 for allegedly promoting a cryptocurrency Ponzi scheme, luring nearly 1,500 followers with a high monthly return of nearly 35%, and defrauding them of up to $6 million.

The pastor led the 'Solanofi' platform, claiming stable profits.

According to the CFTC indictment, the pastor named Francier Obando Pinillo claimed to be the CEO of 'Solanofi' and its associated companies Solano Partners Ltd. and Solano Capital Investments. He claimed that these companies built the 'Solano ecosystem,' conducting efficient trading through cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and USDT, allowing clients to make a fortune.

David Solomon, CEO of Wall Street investment bank Goldman Sachs, stated at the Reuters Next conference hosted by the well-known foreign media Reuters on December 10 that if U.S. regulations loosen in the future, the company may consider participating in Bitcoin and Ethereum trading.

Currently limited by regulatory restrictions, future assessment of spot trading is possible.

"These technologies are attracting a lot of attention." Solomon pointed out that global interest in the cryptocurrency market continues to rise, mainly because the market expects U.S. regulations to possibly loosen in the future. He emphasized that Goldman Sachs is currently still restricted by regulations and cannot engage in spot trading of Bitcoin and Ethereum, but if the regulatory framework changes, Goldman Sachs will reassess the possibility of entering the market.

According to Bloomberg ETF analyst Eric Balchunas' tweet, MicroStrategy (stock code MSTR) may be added to QQQ on 12/23, with an official announcement to be made on 12/13. Its weight is estimated to be 0.46% (the 40th largest holding). Currently, there are $550 billion in ETFs tracking this index, and next year MicroStrategy may have a better chance of joining the S&P 500 index.

QQQ is an ETF that tracks the Nasdaq 100 index (NASDAQ-100 Index), issued by Invesco, and was established on March 10, 1999. It is the most commonly purchased ETF by investors who favor technology stocks, currently with an asset management scale of $325.8 billion.

According to Bloomberg, SpaceX and its investors have reached a $1.25 billion internal stock sale, which has raised Musk's rocket and satellite manufacturer’s valuation to $350 billion.

SpaceX's valuation has soared to $350 billion.

According to internal trade memos obtained by Bloomberg, the trading price of SpaceX has reached $185 per share, significantly up from the $112 valuation set three months ago, and the memo was confirmed by insiders. Reportedly, SpaceX alone proposed a purchase of common stock valued at up to $500 million. This solidifies SpaceX's position as the world's most valuable private startup, with a market value comparable to some of the largest publicly traded companies, and reflects the post-election gains of this billionaire CEO's business empire.

(USDC will be more widely utilized on Binance's global platform)

Two giants in the crypto industry, Circle Internet Group Inc. and Binance, today announced a new strategic partnership at the Abu Dhabi Finance Week to drive the adoption of USDC and support the development of global digital assets as well as a broader financial services ecosystem. With the growth and widespread adoption of USDC, making it one of the most powerful monetary tools on the internet, this collaboration combines a trusted and compliant digital dollar with the world's largest digital asset platform.

The well-known NFT trading platform Magic Eden launched its own token $ME airdrop on December 10. However, the way to claim this airdrop is not only complicated but also poses security and privacy risks. Security experts stated that the wallet design launched by Magic Eden violates crypto industry security guidelines, causing many users to have doubts about the airdrop plan.

$ME token makes its debut, and the market value quickly declines during the airdrop process.

The platform token $ME of Magic Eden skyrocketed to a market value (FDV) of $1 billion within just a few minutes after opening. However, as more users successfully claimed the airdrop, they quickly sold off, causing the market value to plummet and eventually stabilize at $700 million.

The much-anticipated Bitcoin MENA Conference will be grandly held on December 11, inviting many industry leaders to participate. The founder of the well-known exchange Binance, Zhao Changpeng (CZ), will also engage in a fireside chat at the MENA conference and share his views on the future of Bitcoin, from national strategic reserves to global adoption, making it content-rich.

Bitcoin will have more diverse use cases in the next decade, and its value will surpass gold

CZ stated that the value of Bitcoin is not only in its price but in its practicality. "In the future, Bitcoin should not just be for investment purposes but should be the currency itself." He believes that in the next 10 to 15 years, the use cases for Bitcoin will become more diverse, and we may even see more countries adopting Bitcoin as a strategic reserve, which will further drive up the price of Bitcoin.

Standard Chartered analysts say Bitcoin's price will reach $200,000 in 2025, and the market may be worth looking forward to next year.

Recently, analysts at Standard Chartered predicted that the price of Bitcoin (BTC) will reach $200,000 by 2025. This prediction has attracted widespread attention, especially as Bitcoin's market performance has continuously broken historical records, approaching the six-figure mark. Is such an aggressive expectation credible? This question involves not only the fundamentals and market structure of Bitcoin but also the global macroeconomic environment, the positioning of institutional investors, and market demand for Bitcoin in the future.

Has X become a cursed platform? D.O.G.E leader Musk, through internet rhetoric, openly criticized Bill Gates on X. Musk stated that if Tesla becomes the world's most valuable company, Microsoft co-founder Bill Gates would go bankrupt. Tesla's current market value is $1.25 trillion, still significantly behind Apple's $3.729 trillion. To reach the top position, Tesla needs to grow nearly 200%.

Musk shared a post from Tesla Economics translating the following:

This is why from day one, Bill Gates should get a big 'Fxxx you'.

Former FTX founder Sam Bankman-Fried (SBF) is currently serving time at the Metropolitan Detention Center (MDC) in Brooklyn, New York. During his imprisonment, he began writing a prison diary, which records complaints about his living conditions and even how he trades for simple comforts. These diary entries were recently made public by SBF's father, with plans to possibly publish a book.

Without a pillow and teddy bear for company, he finds a way to trade pancakes for a pillow.

Reportedly, SBF is quite dissatisfied with the lack of pillows in prison, describing sleep as a 'torment' that leaves his back in pain. According to diary entries, he lamented, 'We can't even have a pillow? Can we sleep then? What the hell is this?'

In 2025, innovation will drive transformation across various fields in a new way. Whether it's breakthroughs in artificial intelligence, the expanded application of blockchain technology, or the transformation of corporate payment models, global technology is entering an exciting era. Prominent U.S. venture capital firm Andreessen Horowitz (a16z) extracted ten key trends from insights provided by its 50 partners, which may signal the direction of innovation in 2025. Here are some parts related to cryptocurrency.

(a16z's outlook on 2025 tech trends includes AI crypto wallets, AI chatbots, and government bond tokenization)

Cross-border payment company Ripple CEO Brad Garlinghouse confirmed that the New York Department of Financial Services (NYDFS), the top cryptocurrency regulatory agency, has officially approved Ripple's issuance of a new stablecoin RLUSD. The token associated with Ripple Labs, XRP, rose over 4% in 24 hours, becoming one of the few cryptocurrencies to rise yesterday.

RLUSD officially approved

Ripple CEO Brad Garlinghouse announced in April that the company is entering the stablecoin market with its stablecoin named RLUSD, which is fully backed by U.S. dollar deposits, short-term U.S. Treasury bills, and other equivalent cash. It is planned to be issued this year based on the ERC-20 token standard and will be supported on Ripple's XRP distributed ledger and Ethereum.

Yesterday, the three major U.S. stock indexes fell, as the market awaited Wednesday's CPI and Thursday's CPI reports. Google announced its first quantum chip, Willow, reigniting concerns about the potential for private keys to be compromised. Microsoft rejected the Bitcoin reserve proposal at the shareholder meeting, while BTC continued to fluctuate at high levels.

Will Google's quantum chip threaten Bitcoin?

Google announced its first quantum chip, Willow, which will usher computing into a new realm, with its parent company Alphabet's stock surging over 5% yesterday, nearing its historic high. However, this has also reignited concerns about the potential for private keys to be compromised.

The CEO of UnitedHealthcare was shot in broad daylight; this is not entertainment news, but social news. However, oddly enough, many people in American society are cheering, and even the host of Saturday Night Live joked that Americans have two reactions to this news: one is women saying the suspect is really hot, and the other is people criticizing UnitedHealthcare as disgusting, with the audience laughing heartily. The suspect Luigi happens to share the same name as Mario's brother in the Nintendo game, and renowned NFT artist Beeple seems to mock this news by creating an image of a blood-stained Luigi hat.

Luca Netz, the founder of Pudgy Penguins, who previously officially surpassed Bored Ape Yacht Club (BAYC) to become the second-largest NFT collection by market capitalization, was interviewed on December 10. He not only shared the brand's comeback story, the shaping of brand culture and future vision, but also plans to launch tokens, expand physical product lines, and diversify platform layouts in the future.

Turning point for meme culture, the rebirth journey of Pudgy Penguins

Netz mentioned that Penguins was once ranked among the top three popular NFT projects in 2021 alongside CryptoPunks and Bored Apes. However, due to issues such as insufficient funding transparency, unfulfilled commitments, and poor communication with the community, they gradually lost the trust of supporters.

Former Ethereum software developer and Consensys research director Max Resnick announced on Twitter on December 10 that he will be joining the Solana team, sharply criticizing the internal culture and decision-making process of Ethereum. He believes that Solana's flexibility and high performance offer more development potential, while Ethereum's internal rigidity may hinder future development.

More potential in Solana, with Ethereum's scaling issues serving as the trigger.

After joining Solana's Anza team, Resnick stated that although Ethereum remains an important player in DeFi, the inefficiency of internal decision-making and issues with scaling strategies have left him feeling frustrated. Resnick criticizes Ethereum for relying too much on L2 scaling solutions, arguing that the focus should be on L1 scaling, similar to Solana's model, and he bluntly states that Ethereum lacks the ability to respond quickly to market competition, which is one of the reasons he decided to leave.

Key Points

Welcome to the first series update of the Binance Wallet, relaunched with simplicity at its core (formerly known as Binance Web3 Wallet).

Use the unified wallet feature for one-stop management of all assets across multiple wallets and chains, providing a seamless browsing experience with a smooth new interface.

Access exclusive airdrops, track rewards in the airdrop area and rewards center, and join the $5 million Airdrop Carnival to unlock exciting opportunities — all thanks to our largest airdrop platform ever.

(This is a general announcement. The products and services mentioned here may not be available in your region.)