Compiled by: Luan Peng, ChainCatcher
Important Information:
Insider: Trump team considering setting up first crypto-related position in White House
Bitwise applies to Delaware for registration of Solana ETF
Bloomberg Analyst: Grayscale Submits Application for Bitcoin Miner ETF
FTX co-founder Gary Wang was sentenced to serve his sentence and will not serve any additional sentence
Justin Sun buys Maurizio Cattelan's Comedian Banana for $6.2 million
Fox reporter: Crypto bank Custodia Bank will further lay off employees to save money
“What important events have occurred in the past 24 hours?”
Insider: Trump team considering setting up first crypto-related position in White House
According to Bloomberg, people familiar with the transition work revealed that President-elect Trump's team is discussing with the digital asset industry whether to establish a new position in the White House specifically responsible for cryptocurrency policy.
Trump’s team is reviewing candidates for the position, which, if created, would be the first-ever White House position dedicated to the cryptocurrency sector and would highlight the emerging industry’s influence on the new administration, people familiar with the matter said.
It was not immediately clear whether a senior White House staff position or “crypto czar” — Washington parlance for someone who oversees federal government policy and regulation — would be created. Crypto industry advocates are pushing for the position to be directly connected to Trump, they said.
Bitwise applies to Delaware for registration of Solana ETF
According to Cointelegraph, Bitwise has submitted documents to the Delaware Department of State to apply for registration of its first Solana ETF.
Bloomberg Analyst: Grayscale Submits Application for Bitcoin Miner ETF
Henry Jim, an ETF analyst at Bloomberg, said in a post on X that Grayscale has submitted an application for the Bitcoin Miners ETF, with the trading code/rate to be determined and the effective date being January 27, 2025.
FTX co-founder Gary Wang was sentenced to serve his sentence and will not serve any additional sentence
Gary Wang, co-founder and former chief technology officer of cryptocurrency exchange FTX, has been sentenced to prison for time already served and will not serve additional prison time after providing extensive cooperation to U.S. prosecutors.
Wang faces up to 50 years in prison but began cooperating with authorities shortly after FTX collapsed in November 2022.
Prosecutor Andrew Roos highlighted the uniqueness of Wang’s cooperation, emphasizing his technical expertise and willingness to help from the outset. “He cracked half of the case for us on the first day of working together,” Roos said. Wang’s insights were critical to understanding how FTX’s code allowed for the misappropriation of customer funds, which played a central role in the fraudulent activities associated with the exchange.
Justin Sun buys Maurizio Cattelan's Comedian Banana for $6.2 million
Justin Sun acquires Maurizio Cattelan’s iconic Comedian banana for $6.2 million.
He said: "This is not only a work of art, but also a cultural phenomenon that connects the art, meme culture and cryptocurrency communities. I believe this work will inspire more thinking and discussion in the future and become a part of history. I am honored to be the proud owner of this banana and look forward to it bringing more inspiration and influence to art lovers around the world."
Fox reporter: Crypto bank Custodia Bank will further lay off employees to save money
According to Fox Business reporter Eleanor Terrett, Wyoming-based crypto bank Custodia Bank will further cut staff to save money.
Custodia’s lawsuit against the Fed is set to be heard for oral arguments on January 21, the day after Trump’s inauguration.
“I’m incredibly proud of the Custodia team, the services we’ve built for our clients, and our resilience through multiple incidents of innocent ‘unbanking,’” said Caitlin Long, CEO of Custodia. “I’m especially grateful to Custodia’s clients and shareholders for helping us continue to fight for lasting bank access for the law-abiding U.S. crypto industry.”
Blockstream announces asset management arm aimed at bridging the gap between Bitcoin and mainstream finance
Blockstream has announced the creation of an asset management division aimed at bridging the gap between Bitcoin and mainstream finance. Hedge fund pro Sean Bill has been named chief investment officer to lead the initiative.
South Korean police confirm that the hacker who stole 342,000 ETH from Upbit five years ago was from North Korea
South Korean police confirmed for the first time that the theft of 342,000 Ethereum from the cryptocurrency exchange Upbit in 2019 was the work of hacker groups Lazarus and Andariel under the Reconnaissance General Bureau of North Korea. The police came to this conclusion based on evidence obtained from North Korean IP addresses, the flow of encrypted assets, and cooperation with the FBI.
57% of the Ethereum was exchanged for Bitcoin at a low price, and the rest of the assets were laundered through 51 overseas exchanges. After four years of tracking, the police successfully recovered 4.8 Bitcoins (about 600 million won) from a Swiss exchange and returned them to Upbit.
An engineer took advantage of his position to obtain virtual currency for profit, constituting the crime of illegally obtaining computer information system data and was sentenced to 3 and a half years in prison
According to the Workers' Daily, the People's Court of Changping District, Beijing, recently published a case in which an employee used his position to obtain virtual currency for profit, constituting the crime of illegally obtaining computer information system data. Zhang is a blockchain engineer at an Internet company. When he participated in the project development, he learned that there was a large amount of Ethereum in his account, so he planned to attack the company's account to obtain it.
Taking advantage of his work, he asked his colleagues for program codes and private keys that exceeded their permissions, and shared them in a "technical exchange group", inviting group members to crack and attack the company's account, successfully obtaining 106.15 Ethereums and making an illegal profit of 38,329.76 yuan.
The court held that Zhang violated regulations, illegally obtained Ethereum information from the company's computer system and traded for profit, constituting the crime of illegally obtaining computer information system data. Although there were loopholes in the company's management, this was not a reason for Zhang to be exempted from the crime. In the end, Zhang was sentenced to three years and six months in prison, a fine of 60,000 yuan, and the illegal income of 38,329.76 yuan was recovered. The second instance ruled to dismiss the appeal and uphold the original verdict.
OKX will officially delist LON/USDT and LON/USDC trading pairs on November 28
OKX announced that it will officially delist LON/USDT and LON/USDC trading pairs from 16:00 to 16:30 on November 28, 2024. Users who have pending orders for the above currency pairs should cancel the orders before 16:00 on November 28, 2024. If you fail to cancel the order in time, the pending order system will automatically execute it. It may take 1 to 3 working days to cancel the order.
Binance will launch SLERFUSDT and SCRTUSDT perpetual contracts
Binance will launch SLERFUSDT and SCRTUSDT perpetual contracts at 11:30 (UTC) on November 21, 2024, supporting up to 75x leverage.
"What are the interesting articles worth reading in the past 24 hours?"
Stablecoin Handbook: How a Trillion-Dollar Market Came into Being
The crypto market is not the key in the stablecoin competition, distribution and real adoption are crucial. Stablecoin adoption is mainly reflected in three areas: crypto-native, fully banked, and unbanked worlds.
TikTok's popular emojis are worth $600 million in the cryptocurrency world. Let's review Chillguy's meteoric rise to fame
In today's meme general callback, who is the most popular retrograde? No doubt, it must be ChillGuy with a blank expression and hands in his pockets.
The emoticon guy in the picture above, who became famous from the overseas version of Douyin "TikTok", made waves in just 24 hours: the market value once exceeded 600 million US dollars, increased dozens of times in 24 hours, and the trading volume exceeded 700 million US dollars. The trading volume in the last hour also exceeded 100 million US dollars.
Just a few days ago, it was just spreading on TikTok.
What’s interesting is that while we are still lamenting the catchphrase “Just Chill”, cryptocurrency players have already demonstrated what “Real Chill” means with practical actions: from posts by the President of El Salvador to retweets by Musk, from TikTok to Twitter, everything can become the focus of attention and hype.
ChillGuy performed a perfect "lying down and winning" by lying flat on his back.
If you still don’t know why an emoji can make waves, here’s a quick storyline review.
Meerun stole $1.2 billion from FTX by taking advantage of the same loophole three times
Last week, a lawsuit filed by FTX showed that a Mauritian citizen named Nawaaz Mohammad Meerun (hereinafter referred to as Meerun) squeezed $1.2 billion from the FTX exchange and Alameda Research in a year without leaving any conclusive evidence.
Bitcoin is about to break through $100,000, but altcoins are not as satisfactory as expected
As Bitcoin hit a new high of $97,000, its market share in the cryptocurrency market also hit a three-year high. Trump's pro-crypto group has always regarded Bitcoin as the core of its crypto strategy, and as the crypto compliance environment becomes clearer, various compliant investment methods are sought after by investors.
Bananas pasted on the wall, a combination of art and fruit concept. Can the Meme coin Ban get on board?
This morning, Justin Sun announced that he had purchased Maurizio Cattelan’s iconic work “Comedian” for $6.2 million, and commented that “This is not just a work of art, it represents a cultural phenomenon that connects the worlds of art, meme, and cryptocurrency communities. I believe this work will inspire more thinking and discussion in the future and become part of history.”
