1. Strive applies to list “Bitcoin bond” exchange-traded fund
Nate Geraci, president of The ETF Store, tweeted that asset management company Strive had applied to U.S. regulators on December 26 to list an exchange-traded fund (ETF) that focuses on investing in Bitcoin-related convertible bonds issued by MicroStrategy and other companies. The fund will be actively managed and aims to provide "Bitcoin bond" exposure through direct or derivative instruments. Bitwise plans to launch the Bitcoin Standard Company ETF, which will mainly invest in companies that hold Bitcoin as a corporate financial reserve, with the goal of replicating the index performance of Bitcoin Standard companies. Companies included in the index must meet the following conditions: holding at least 1,000 bitcoins, a market value of not less than $100 million, an average daily liquidity of at least $1 million, and a public free float of not less than 10%.
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2. Ethiopia uses hydropower to promote Bitcoin mining, and mining revenue accounts for 18% of the power company
Ethiopia uses the Grand Renaissance Dam (GERD) to promote Bitcoin mining, and related income accounts for 18% of the revenue of the Ethiopian Electric Power Company (EEP). Mining investment has reached $1 billion in the past year, exceeding the profit from electricity exports. The government has cooperated with 25 mining companies to attract international miners to use the low electricity price of about 3.2 cents/kWh to digest excess electricity. The combination of renewable energy and crypto mining is driving energy utilization and policy changes in Africa.
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3. The State Administration of Foreign Exchange issued management measures for illegal cross-border financial activities involving virtual currencies
The State Administration of Foreign Exchange announced that the "Measures for the Administration of Bank Foreign Exchange Risk Transaction Reports (Trial)" have been issued and will be implemented from today, aiming to strengthen the foreign exchange risk management of banks and to identify, warn and deal with high-risk transactions such as suspected false trade, underground banks, and illegal cross-border financial activities involving virtual currencies at an early stage. The main contents include: clarifying the reporting responsibilities of banks for foreign exchange risk transactions, requiring the establishment of a monitoring system and the submission of reports; stipulating the scope of information reporting, including activities suspected of illegal and irregular cross-border capital flows; clarifying the content of the report, such as basic information and measures to be taken; and strengthening internal management measures, including internal control systems and information confidentiality management.
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4. SlowMist: Users should be wary of phishing attacks disguised as Zoom meeting links
The attacker used the domain name "app[.]us4zoom[.]us" to impersonate a legitimate Zoom meeting link. The webpage is highly similar to the real Zoom meeting interface. When the user clicks the "Start Meeting" button, it triggers the download of a malicious installation package instead of launching the local Zoom client. Hackers collect user data and decrypt it to steal sensitive information such as mnemonics and private keys. These attacks usually combine social engineering and Trojan horse technology. According to the analysis of the hacker address provided by a victim, the hacker address has made a profit of more than one million US dollars, including USD0++, MORPHO, ETH, etc., of which USD0++ and MORPHO were exchanged for 296 ETH.
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5. Cambodia approves the operation of regulated crypto assets
The National Bank of Cambodia (NBC) has for the first time allowed commercial banks and payment institutions to provide services involving Category 1 crypto assets, including secured or stable cryptocurrencies, but unsecured cryptocurrencies such as Bitcoin remain prohibited. The directive aims to regulate operations and businesses involving digital currencies, and all commercial banks or payment institutions that wish to provide crypto-related services must obtain prior approval from the NBC.
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