1️⃣ Vancouver City Council Passes Pro-Bitcoin Motion Citing Fiat Challenges 💸
$BTC
The Vancouver City Council has reportedly passed a motion to explore integrating Bitcoin into its financial operations, including a possible Bitcoin reserve and payments option. The motion, prepared by Mayor Ken Sim, calls for Vancouver to become a “Bitcoin-friendly city” to safeguard against inflation and currency devaluation. The motion calls for City staff to report back to the Council on the feasibility of a "bitcoin-friendly city" strategy by the end of the first quarter 2025.
2️⃣ Circle and Binance Partner to Boost Global USDC Adoption 🤝 #binancelearntoearn
Stablecoin issuer Circle has reportedly formed a strategic partnership with crypto exchange Binance to strengthen the global presence of its USDC stablecoin. Under the partnership, Binance plans to expand USDC's availability across its platform for trading, saving and payments. Binance is also expected to adopt USDC as part of its corporate treasury. In exchange, Circle will reportedly support Binance with various tools to help the exchange's users better utilise the stablecoin.
3️⃣ Notcoin Studio Reveals Telegram Launchpool Rewards Platform
Open Builders, the team behind the popular Telegram game Notcoin, announced the launch of its “Earn” launchpool platform on Wednesday. The launchpool platform is reportedly designed to reward Telegram users for simply holding TON-based tokens in their TON Space wallet. It utilises on-chain snapshots that allocate rewards based on token holdings, with larger holdings generating more rewards. The platform will initially feature pools for tokens like BUILD and NOT PX (Not Pixel).
4️⃣ FTX Debtors Recover $14M In Political Donations 💰
According to a Dec. 10 filing in the United States Bankruptcy Court for the District of Delaware, FTX Debtors have reported recovering more than $14 million in donations sent to political organisations. The filing showed the debtors settled with the House Majority Political Action Committee (PAC) for $6 million, the Senate Majority PAC for $3 million, and donations worth thousands of dollars from Democratic parties in different US states
5️⃣ Treasure Launches New Ethereum Gaming Chain With ZKsync, Leaving Arbitrum ☄️
$ETH
Crypto gaming ecosystem Treasure has reportedly launched its new Ethereum layer-2 scaling network. The new chain is part of ZKsync’s Elastic Chain and comes after the project’s DAO voted to migrate from Arbitrum.
The project stated,
This launch marks one of the largest ecosystem migrations in crypto. Treasure is transferring over 15 games, significant assets including MAGIC, ERC-20 tokens, and hundreds of thousands of NFTs from its existing ecosystem on Arbitrum to its new home on ZKsync. This migration coincides with several upcoming major token generation events and game launches planned for the network.
6️⃣ Senate Panel Delays Crenshaw Vote, Upping Chance of All-GOP SEC 🔍
According to a Bloomberg report, a Senate committee vote to re-nominate Commissioner Caroline Crenshaw (D) to the Securities and Exchange Commission (SEC) has been postponed. The meeting was reportedly postponed by Senate Banking Committee Chair Sherrod Brown just minutes before it was due to begin. Sen. Brown claimed that Republicans blocked the panel from holding the vote to nominate Crenshaw and Gordon Ito to the Financial Stability Oversight Council.
Brown stated,
This is why people hate Washington. Corporate special interests have run a disgusting smear campaign against Caroline Crenshaw, an Army reservist and public servant who has been nominated and confirmed by a Republican President and Republican Senate. She has been thoroughly vetted and has gone through every step in the nomination process. Republican Senators are doing the bidding of corporate special interests and standing in the way of her confirmation#CryptoAMA .
