1. The U.S. Q3 GDP annualized growth rate remains at 2.8%, with the core PCE revision dropping to 2.1%
The U.S. Q3 actual GDP annualized growth rate was revised to 2.8%, with expectations at 2.80% and a previous value of 2.80%. The U.S. Q3 core PCE price index annualized growth rate was revised to 2.1%, with expectations at 2.2% and a previous value of 2.20%.
2. Large transactions emerge in the Bitcoin options market, suggesting a major trend is approaching as whales position themselves
Greeks Live stated that the Bitcoin options market has been active recently, with over 6000 BTC worth of large transactions accumulated since 9 PM, and the total large bullish options transaction volume exceeding $120 million for the day. Nearly 5000 BTC of transactions concentrated in the $92,000 to $100,000 range, with premiums about twice the usual levels. This large buying behavior continues, suggesting that market whales are positioning themselves, potentially signaling a major trend is approaching in the Bitcoin market.
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3. Grayscale opens private placements for various cryptocurrencies to eligible accredited investors
Grayscale announced on X that it has opened private placements for various cryptocurrency trust products to eligible accredited investors, covering tokens including: AAVE, AVAX, BAT, BCH, TAO, LINK, FIL, LTC, LPT, MKR, NEAR, SOL, STX, XLM, SUI, XRP, ZEC.
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4. Brazilian Congressman Eros Biondini proposed a Bitcoin strategic reserve bill
Brazilian Congressman Eros Biondini proposed a bill to establish a 'Bitcoin Strategic Sovereign Reserve' (RESBit), allocating up to 5% of international reserves to Bitcoin to diversify national assets, address exchange rate fluctuations, and mitigate geopolitical risks. The bill stipulates that reserve management must follow transparency principles, utilize high-security storage methods such as cold wallets, and be jointly overseen by the central bank and the treasury, with regular disclosure reports. This proposal also aims to support blockchain technology development and provide reserve backing for a future digital Brazilian Real.
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5. CZ: The field of blockchain and AI integration is emerging and needs more tools for support
CZ tweeted that AI labeling and data processing are very suitable for on-chain execution, enabling instant (micro) payments via cryptocurrency while leveraging low-cost global labor without geographical limitations. BNB Chain Greenfield provides storage capacity, but more tools are needed for support. Zignaly co-founder Abdul Rafay Gadit inquired about the best literature on the combination of blockchain and AI, to which CZ responded that the field is relatively new, and he is currently learning through discussions with industry founders and developers. AI expert Elja endorsed BNB Greenfield, commenting that the product is excellent but needs to strengthen user education, suggesting the creation of a new Twitter account. In response, CZ acknowledged this with a '100 points' symbol. Additionally, angel investor George Kikvadze asked what kind of incentive mechanisms could be designed to reward continuous and high-quality labelers while preventing spam content or low-quality submissions. CZ replied that high-quality labelers could be rewarded through a normal distribution curve while avoiding rewards for low-quality submissions, and considerations are needed to prevent robot attacks.
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6. The Trump administration plans to expand CFTC powers and restructure cryptocurrency regulation
The incoming Trump administration plans to expand the CFTC's authority to regulate the $30 trillion digital asset market. This move aims to weaken the SEC's jurisdiction over parts of the crypto industry and to regulate digital assets considered commodities, such as BTC and ETH, along with their spot markets through the CFTC. The Trump administration believes this will provide a clear regulatory framework for the industry and foster innovation. Previously, former CFTC Chairman Chris Giancarlo was seen as a strong candidate for the Trump administration's 'crypto czar' position.
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