Headlines
▌OpenAI has discussed manufacturing a humanoid robot.
In the past year, OpenAI has rekindled its interest in robotics: investing in startups developing robotic hardware and software, such as Figure and Physical Intelligence, and restarting an internal robotics software team that was disbanded four years ago. Now, OpenAI may elevate this interest to a new level. According to two individuals directly familiar with the discussions, the company recently considered developing a humanoid robot. However, don't get too excited; one informed person stated that any potential humanoid robot seems to be a lower priority for OpenAI compared to many of its other technologies and products, such as its acclaimed reasoning models and agents that can help automate various software engineering and analysis tasks. Nonetheless, the very fact that OpenAI is even considering developing humanoid robots highlights its growing ambition to venture into various fields, from search and web browsers to server chips and data center planning.
▌Data: Among the 25 listed mining companies, only 7 achieved positive returns by the end of 2024.
As of December 24, Bitcoin has increased by 113% in 2024. According to the Hashrate Index and Google Finance data, most listed mining companies are experiencing a downward trend in stock prices by the end of 2024, with declines of up to 84%. Among the 25 listed mining companies in this index, only 7 achieved positive returns.
As of the time of writing, Bitdeer (BTDR) is up 167%, Cipher (CIFR) is up 33%, Hut 8 (HUT) is up 91%, Iris Energy (IREN) is up 72%, Northern Data (NB2) is up 58%, Core Scientific (CORZQ) is up 327%, TeraWulf (WULF) is up 169%.
On the other hand, Argo Blockchain (ARB) has fallen 84%, followed by Sphere 3D (ANY) down 69%, MARA Holdings (MARA) down 12%, Hive (HIVE) down 29%, Greenidge (GREE) down 74%, Bitfarms (BITF) down 44%, and BitFufu (FUFU) down 18% (just to name a few).
Overall, 2024 is a year for Bitcoin mining companies to adapt to changes as they address the issues of reduced rewards and increased costs, seeking new sources of income to maintain operations.
Bitcoin miners have accumulated over $71 billion in revenue. According to Blockchain.com data, miners earned $42 million on December 22, while the peak in April exceeded $100 million.
Market
As of the time of writing, according to Coingecko data:
The recent trading price of BTC is $98,534.17, with a daily price change of +4.3%;
The recent trading price of ETH is $3,487.23, with a daily price change of +2.3%;
The recent trading price of BNB is $696.82, with a daily price change of +0.9%;
The recent trading price of SOL is $196.78, with a daily price change of +3.9%;
The recent trading price of DOGE is 0.3359 yuan, with a daily price change of +4.2%;
The recent trading price of XPR is $2.31, with a daily price change of +2.8%.
Policy
▌The U.S., U.K., and EU are upgrading cryptocurrency tax regulation; investors need to be vigilant about key tax rates and compliance requirements.
The United States, United Kingdom, and European Union are strengthening tax regulation on cryptocurrencies, significantly impacting investors. In the U.S., cryptocurrencies are regarded as digital assets, and sales or trades are subject to capital gains tax, with rates depending on the holding period and income level; miners and staking income are subject to income tax, and user data must be reported starting in 2025. In the UK, sales or exchanges of crypto assets are subject to capital gains tax, with a maximum rate of 24% and an annual tax exemption of £3,000; mining income and crypto salary income are subject to income tax and national insurance. In the EU, tax rates vary by country; for example, Germany exempts those holding for over a year, while Spain has a tax rate of up to 28%; the MiCA regulation, effective in 2025, will unify some rules and enhance tax transparency.
Blockchain applications
▌Humanity Protocol: We have noted the issue of private key storage in the test network and will resolve it as soon as possible.
The blockchain identity verification platform Humanity Protocol responded on platform X to Slow Mist founder Yu Xian, saying they appreciate the feedback regarding the issue of plaintext private keys being stored directly in the browser, have noted the issue, and will resolve it as soon as possible and inform users.
Previously reported, Slow Mist founder Yu Xian stated on X that 'the Humanity Protocol project team stores plaintext private keys directly in the browser's sessionStorage, which is a serious high-risk error. Fortunately, it is currently only on the test network and has not caused actual harm.'
Cryptocurrency
▌Since November 5, the value of the COIN stock held by Coinbase CEO has increased by nearly $2 billion.
Coinbase CEO Brian Armstrong sold company stock for several weeks after Donald Trump's election as president and the victory of pro-cryptocurrency lawmakers, cashing out a total of approximately $437 million. Due to the optimistic sentiment that emerged in the market after the election results, the stocks he sold appreciated by $129 million compared to pre-election valuations.
According to the latest SEC filings, Brian Armstrong still holds over 10% of Coinbase shares, with approximately 24 million shares in his trust fund valued at about $6.4 billion, an increase of nearly $2 billion since November 5.
▌Murad: The number of users holding more than $1,000 in PEPE ranks first among all Meme communities.
Meme coin KOL Murad released a chart showing that the number of holders with more than $1,000 can serve as a useful indicator of belief in the Memecoin community; the more people there are, the more active the community. Among them, the number of users holding more than $1,000 in PEPE is 77,145, ranking first among all meme communities, accounting for 21.5% of the total PEPE community. The number of users holding more than $1,000 in WIF is 24,147, ranking second, followed by SPX6900, POPCAT, and MOG.
▌Greeks.live: Cryptocurrency market liquidity is weakening during the Christmas holiday, and the $84,000 options pain point for Bitcoin may fail.
Greeks.live analyst Adam posted, stating that although the European and American markets have entered the Christmas holiday and are closed, the cryptocurrency market has seen a significant increase driven by Bitcoin. Due to the poor market liquidity during the Christmas holiday and year-end delivery period, the price fluctuations require less momentum.
In terms of options, short-term implied volatility (IV) has decreased from the previous day, with market makers nearing the end of their rollovers, and IV is expected to remain stable until the end of the year. Currently, the maximum options pain point for Bitcoin is at $84,000, while for Ethereum it is at $3,000; these annual maximum pain points may fail as they have in previous years.
▌Data: The number of wallet addresses holding 10-1,000 BTC has reached 150.13 million.
Santiment posted on platform X, stating, 'Entering Christmas, Bitcoin and altcoins are recovering well. Bitcoin has rebounded to a high of $99,000, and traders are hoping for a $100,000 Christmas gift. Here is the breakdown of BTC wallet numbers by size:
0-0.1 BTC wallets: 50.17 million
0.1-10 BTC wallets: 4.31 million
10-1,000 BTC wallets: 150.13 million
1,000+ BTC wallets: 2,050
Especially in the latter two groups, as long as their numbers rise and maintain continuous accumulation, a bull market is very likely to continue, just as they have done throughout 2024.
▌Glassnode: Solana has maintained positive net capital inflow since early September 2023.
Glassnode posted on platform X, stating: 'We have observed that since early September 2023, Solana has maintained positive net capital inflow, with only a small amount of outflow during this period. This sustained influx of liquidity has helped stimulate Solana's growth and price increase, reaching a significant peak of $776 million in new funds inflow daily.'
Important economic dynamics
▌The probability of the Federal Reserve maintaining interest rates in January next year is 91.4%.
According to CME's 'Fed Watch', the probability of the Federal Reserve maintaining interest rates in January next year is 91.4%, with an 8.6% probability of a 25 basis point rate cut. By March next year, the probability of maintaining the current rate is 52.1%, with a cumulative probability of a 25 basis point cut at 44.2% and a cumulative probability of a 50 basis point cut at 3.7%.
▌The onshore RMB against the U.S. dollar rose 24 points compared to Monday's night close.
The onshore RMB against the U.S. dollar (CNY) closed at 7.2946 yuan at 03:00 Beijing time, up 24 points from Monday's night close.
▌The U.S. dollar index rose 0.15% on December 24.
The U.S. dollar index, which measures the dollar against six major currencies, rose 0.15% that day, closing at 108.200 in the forex market. As of the closing of the New York forex market, 1 euro could be exchanged for 1.0394 U.S. dollars, down from 1.0412 U.S. dollars the previous trading day; 1 pound could be exchanged for 1.2532 U.S. dollars, down from 1.2535 U.S. dollars the previous trading day. 1 U.S. dollar exchanged for 157.32 Japanese yen, up from 157.10 Japanese yen the previous trading day; 1 U.S. dollar exchanged for 0.9006 Swiss francs, up from 0.8985 Swiss francs the previous trading day; 1 U.S. dollar exchanged for 1.4367 Canadian dollars, down from 1.4372 Canadian dollars the previous trading day; 1 U.S. dollar exchanged for 11.0923 Swedish kronor, up from 11.0322 Swedish kronor the previous trading day.
Jinse Encyclopedia
▌What is the RLUSD stablecoin from Ripple Labs?
RLUSD is a stablecoin developed by Ripple Labs, the organization behind the XRP cryptocurrency. RLUSD, or Ripple Labs USD, aims to provide a stable digital currency for transactions and trades. As a stablecoin pegged to the U.S. dollar, 1 RLUSD equals 1 U.S. dollar. Each RLUSD maintains a 1:1 peg. The collateral assets are either U.S. dollar deposits or cash equivalents.
Disclaimer: Jinse Finance, as a blockchain information platform, publishes articles for informational reference only and does not constitute actual investment advice. Everyone should establish a correct investment concept and enhance risk awareness.
