Bitcoin surged to 107,752 USDT this morning, setting a new historical high.
Mars Finance reported that according to Bitget quotes, Bitcoin surged to 107,752 USDT early this morning, setting a new historical high, and is currently reported at 106,160 USDT, with a 24-hour increase of 1.11%.
Ethereum's market value has reached 468 billion dollars, surpassing Tencent, ExxonMobil, Oracle, and Mastercard.
Mars Finance reported that the bull market has driven Ethereum's market value to surpass Tencent, ExxonMobil, Oracle, and Mastercard, exceeding 468 billion dollars since December 16 and now approaching 490 billion dollars.
President-elect Trump stated that the 'Department of Government Efficiency' (DOGE) led by Elon Musk will eliminate billions of dollars in waste and fraud.
Mars Finance reported that President-elect Trump stated that the 'Department of Government Efficiency' (DOGE) led by Elon Musk will eliminate billions of dollars in waste and fraud, potentially saving 2 trillion dollars.
U.S. media: Trump meets with TikTok CEO Shou Zi Chew.
According to CNN reporters, Trump met with TikTok CEO Shou Zi Chew at Mar-a-Lago on Monday local time. Previously, TikTok requested the U.S. Supreme Court to temporarily block the law mandating the forced sale or ban of the TikTok app.
Grayscale has opened Horizen Trust to investors, providing ZEN exposure in the form of securities.
Mars Finance reported that Grayscale announced it has opened Grayscale Horizen Trust to qualified investors, allowing them to gain exposure to ZEN in the form of securities. As of December 13, the net asset value of Grayscale Horizen Trust per share is 6.45 dollars, with total assets under management of 8,942,444 dollars.
The NFT project CyberKongz claims to have received a Wells notice from the U.S. SEC.
The NFT project CyberKongz stated on the X platform that it has received a Wells notice from the U.S. Securities and Exchange Commission (SEC), which is a form of communication issued by SEC staff to inform companies that the staff may recommend enforcement action against them.
The team stated: "The U.S. SEC enforcement department has made very concerning statements to us, indicating that if tokens (ERC-20) are not registered as securities, they cannot be combined with blockchain games. This statement will have a significant impact on the entire web3 gaming industry, and we will oppose this position in a broader context."
TD Cowen analysts: The Democratic Party may not hold senior positions in the U.S. SEC next year.
TD Cowen analysts stated that the Democratic Party may not hold senior positions in the U.S. Securities and Exchange Commission (SEC) next year, paving the way for the Republican Party to formulate cryptocurrency-related rules.
The investment bank pointed out that the full Republican committee will help Atkins advance the rules faster, as there is no Democratic delay in the process. However, analysts stated that bipartisan cooperation also carries risks that could impact future cryptocurrency regulation. Analysts said, "If these rules are seen as a partisan fight, the Democratic SEC is more likely to change them, whereas bipartisan rule-making could create a regulatory framework that withstands electoral scrutiny. We believe this will provide policy stability, which will benefit crypto trading platforms, token issuers, and the broader crypto industry."
EY's global blockchain head: The blockchain industry will welcome an accelerated revolution and a brighter outlook in 2025.
EY's global blockchain head Paul Brody wrote that 2024 will be a breakthrough year for blockchain, as the originally gradual process of moving towards regulatory approval, public blockchains, and legitimate digital assets has now turned into a sprint. In terms of regulation, the U.S. is expected to significantly accelerate and may surpass other regions of the world in embracing and expanding digital assets.
Paul Brody's article states, "2024 will be an extraordinary year for blockchain. We haven't changed direction, but we are beginning to move faster. Looking ahead to 2025, the industry will welcome an accelerated revolution and a brighter outlook."
Analysts: MicroStrategy is likely to be included in the S&P 500 in June 2025.
MicroStrategy (MSTR) will officially join the Nasdaq 100 index on December 23, 2024, becoming the first Bitcoin company included in the index. Analysts expect this will bring about 2.1 billion dollars of passive ETF buying, enhancing market liquidity. Although the company has not yet met the earnings standards for the S&P 500, MicroStrategy is expected to be included in the June 2025 quarterly adjustment of the S&P 500 after the new accounting standards take effect in January 2025. The company currently holds 439,000 Bitcoins, worth over 45 billion dollars.
Ether.Fi proposes allocating 5% of protocol revenue to buy back ETHFI and distribute it to stakers.
According to a post on the governance forum of the decentralized finance (DeFi) protocol Ether.Fi, Ether.Fi proposed allocating 5% of protocol revenue to purchase ETHFI and distribute it as rewards to ETHFI stakers, aiming to "enhance the utility of ETHFI, strengthen its market, and align user incentives with the growth of the Ether.Fi ecosystem."
The Ether.Fi team described the allocation of 5% of revenue as a "starting point" and noted that rewards are initially only offered to token holders who have staked ETHFI for at least one month. According to the post, the proposal will be decided by token holder voting before the end of this week. Ether.Fi has already repurchased tokens using protocol revenue from the main liquidity pool of ETHFI.
Bitcoin breaks through 106,000 dollars: Many U.S. states are drafting reserve bills, leading to a historic new peak in the crypto market.
On December 16, 2024, Bitcoin's price surpassed 106,000 dollars, setting a new historical high, marking its important position in the global cryptocurrency market. Since Trump won the presidential election, U.S. ETFs have attracted a large influx of funds, with favorable policies and institutional investments driving Bitcoin's rise. Continued investments from institutions like MicroStrategy, along with heightened market sentiment, further propelled Bitcoin's price. In the future, Bitcoin may continue to solidify its position as the core asset of the global digital economy.
Analysis of interest-bearing stablecoin protocols: Security highlights and regulatory challenges.
Stablecoins play an important role in the crypto industry, with a market value of about 200 billion dollars. This article analyzes two interest-bearing stablecoin protocols: Ethena and Usual Money. Ethena provides yields to holders through hedging strategies and staking yields but faces centralization and market risks. Usual Money offers yields through USD0, a stablecoin backed by U.S. Treasury bonds, facing liquidity and yield decline risks. With increasing global regulatory pressure, stablecoin issuers need to ensure compliance and security.
DeFi 3.0 is coming: The evolution of the next generation of decentralized finance.
DeFi 3.0 is taking shape, ushering in a new revolution in decentralized finance, focusing on liquidity accessibility and user experience optimization. Key projects like HyperliquidX, Pendle, and Ethena Labs are driving improvements in liquidity, efficiency, and user experience. These projects provide new investment opportunities through innovative mechanisms, such as efficient perpetual trading platforms, fixed income products, and yield-bearing stablecoins, marking the deep development of decentralized finance.
