Headlines
▌BTC breaks through $102,000
Market data shows BTC breaking through $102,000, currently reported at $102,001, with a 24-hour increase of 2%, and the market is highly volatile, please manage risk appropriately.
▌Japanese Senator proposes establishing a national Bitcoin reserve
Japanese Senator Satoshi Hamada officially submitted a proposal to the National Assembly on December 11 to discuss the establishment of a national Bitcoin reserve. This proposal echoes the global trend towards establishing Bitcoin reserves, including similar proposals from Russia, Brazil, Poland, and the U.S. With Bitcoin prices breaking historic highs this month, reaching $103,000, discussions on establishing national Bitcoin reserves have gained support in multiple countries. Senator Hamada believes that Bitcoin reserves can help address global economic challenges and protect national assets.
Market
As of the time of writing, according to Coingecko data:
BTC's recent transaction price is $102,612, with a daily fluctuation of +3.0%;
ETH's recent transaction price is $3,942, with a daily fluctuation of +1.9%;
BNB's recent transaction price is $729.64, with a daily fluctuation of +4.2%;
SOL's recent transaction price is $226.2, with a daily fluctuation of +1.1%;
DOGE's recent transaction price is 0.4112 yuan, with a daily fluctuation of +2.4%;
XPR's recent transaction price is $2.44, with a daily fluctuation of +5.0%.
Policy
▌French Hill: A comprehensive cryptocurrency market structure bill will be introduced within the first 100 days of the legislative session
French Hill, the new chairman of the U.S. House Financial Services Committee, stated that the U.S. urgently needs a cryptocurrency market structure bill, which is the Republican Party's 'top priority,' and plans to introduce a comprehensive cryptocurrency market structure bill within the first 100 days of the upcoming legislative session. The approval of the market structure bill would eliminate the regulatory uncertainty that has plagued the U.S. cryptocurrency industry for years, and supportive legislation for cryptocurrencies may pave the way for the U.S. to promote digital asset innovation and prevent cryptocurrency companies from outsourcing offshore. French Hill also criticized the current regulatory approach under SEC Chairman Gary Gensler. He said, 'Under Chairman Gensler's leadership, we have not established traffic rules. We only have enforcement regulation. This does not help the U.S. succeed or foster technological advancement, Web3 innovation, or the application of blockchain in public companies and financial services.'
▌U.S. Senator Cynthia Lummis: Has met with the incoming Treasury Secretary to discuss Bitcoin strategic reserves
U.S. crypto-friendly Senator Cynthia Lummis has met with the incoming Treasury Secretary Scott Bessent of the Trump administration to discuss Bitcoin strategic reserves.
▌Yellen urges the incoming Trump administration not to take radical measures to interfere with necessary bank regulation
According to exclusive information from Reuters, U.S. Treasury Secretary Janet Yellen urged the incoming Trump administration on the 13th not to interfere with appropriate regulation of U.S. bank capital levels, liquidity, and risk-taking, which are crucial for ensuring the health of the banking system. Reuters noted that Yellen has served as Treasury Secretary in the Biden administration since January 2021. She stated that the current regulatory system in the U.S. is not perfect, and seeking ways to lighten the burden is reasonable. However, she also warned that, given the historical context of bank failures leading to financial crises, radical measures should not be taken to interfere with necessary regulations. 'I don't want to say that what we have is absolutely sacred and inviolable or cannot be touched. But I don't think it is collapsing. We have a good system,' Yellen told Reuters. (Global Network)
Blockchain Applications
▌MagicBlock open-sources a16z-supported 'ephemeral rollup' technology
Solana gaming infrastructure startup MagicBlock is open-sourcing the 'ephemeral rollup' technology supported by a16z. MagicBlock achieves this by running non-voting Solana validators in parallel with Solana, temporarily 'elasticizing' computing resources before the security committee verifies the state and settles it to Layer 1. Solana's data will temporarily move to the rollup (like Optimism on Ethereum) to perform some time or resource-sensitive functions that are typically executed off-chain on centralized servers.
Cryptocurrency
▌VanEck releases top 10 cryptocurrency predictions for 2025: U.S. embraces Bitcoin through strategic reserves
Bitcoin Magazine disclosed on platform X that asset management giant VanEck released its top 10 cryptocurrency predictions for 2025: 1. The cryptocurrency bull market peaks in the first quarter and hits a new high in the fourth quarter; 2. The U.S. embraces Bitcoin through strategic reserves and increased cryptocurrency adoption; 3. The value of tokenized securities exceeds $50 billion; 4. Stablecoin daily settlement volume reaches $300 billion; 5. On-chain activities of AI agents exceed 1 million agents; 6. Bitcoin Layer 2 TVL will reach 100,000 BTC; 7. Ethereum blob space will generate $1 billion in fee revenue; 8. DeFi TVL reaches $200 billion, with DEX trading volume reaching $4 trillion; 9. NFT market revives, with trading volume reaching $30 billion; 10. DApp tokens narrow the performance gap with L1 tokens.
▌CZ retweets Magic Eden's new support for BNB Chain, ME briefly breaks $4.4
CZ retweeted Magic Eden announcing new support for BNB Chain, with related content showing that BNB Chain is now live on Magic Eden's Launchpad, Mint Terminal, and Marketplace. Market data shows ME briefly breaking $4.4, with an hourly increase of about 10%. The market is highly volatile, please manage risk appropriately.
▌In December, global active cryptocurrency users reached 18.7 million, hitting a historic high
According to Token Terminal data, the global active users of cryptocurrencies reached 18.7 million in December, hitting a historic high. This number was 7.7 million at the beginning of this year.
▌Analysis: About 2.25 million wallets bought 2.18 million BTC in the price range of $94,300 to $100,250
According to on-chain analyst Ali's post on platform X, about 2.25 million wallets bought 2.18 million BTC in the price range of $94,300 to $100,250, indicating that this price range has formed a significant support wall.
▌Bitcoin futures rose more than 1.4% on Friday, with spot Bitcoin marking the longest consecutive weekly increase in over three years
On Friday (December 13), at the New York close, the CME Bitcoin futures BTC main contract reported $102,000, up 1.43% from Thursday's New York close, down 0.58% for the week, having previously fallen to $94,640 on December 10. Spot Bitcoin has accumulated a 0.68% increase over the past seven calendar days, marking the longest consecutive weekly increase since September 2021, currently reported at $101,000, having previously fallen to $94,277.11 on December 10. CME Ethereum futures DCR main contract reported $3,928.00, up 0.55% from Thursday, down 3.56% for the week, having also fallen to $3,498.50 on December 10.
▌MicroStrategy (MSTR) has been included in the Nasdaq 100 index
MicroStrategy (MSTR) has been included in the Nasdaq 100 index.
Important Economic Dynamics
▌U.S. stocks closed mixed, with the Nasdaq up 0.12%
U.S. stocks closed mixed, with the Dow down 0.20%, the Nasdaq up 0.12%, and the S&P 500 index flat.
Golden Encyclopedia
▌What is a Rollup?
A Rollup is a method of processing transactions on a Layer 2 protocol, which can free up valuable space on the base layer. Rollups fold transactions on the second layer one by one, sometimes folding them dozens of times, then rolling them together and sending the data back to Layer 1. There are mainly two types of Rollups: optimistic and zero-knowledge (ZK) proofs. Optimistic Rollup is a fairly straightforward term. It means that the Rollup operates on an 'optimistic' basis, assuming transactions are valid unless the validator proves them wrong. They only check the validity of transactions in the event of a dispute. ZK Rollup proves transactions without revealing any transaction data. Therefore, it is called 'zero-knowledge.' ZK Rollup provides instant finality because cryptographic proofs guarantee data validity. In many ways, a Rollup is to your standard blockchain transaction what a Calzone is to a regular slice of pizza. By rolling up, you can fit more in.
Disclaimer: Golden Finance, as a blockchain information platform, publishes articles for informational reference only and does not constitute actual investment advice. Please establish a correct investment philosophy and be sure to enhance risk awareness.
