1. The U.S. Treasury Department stated that China breached its workstation in a cyber attack.
2. A Hong Kong legislator proposed adding Bitcoin to the national reserves to enhance financial security.
3. On December 30, the U.S. Bitcoin ETF saw a net outflow of 3,000 BTC, while the Ethereum ETF had a net inflow of 16,359 ETH.
On December 30, the U.S. Bitcoin ETF saw a net outflow of 3,000 BTC, while the Ethereum ETF had a net inflow of 16,359 ETH. - Original text
4. Tether destroyed 2 billion USDT on the TRX chain.
On December 31 at 02:11 (UTC+8), Tether destroyed 2 billion USDT on the TRX chain. Transaction hash: c2091c2492c0766bf9770d7939d46475141d7c8d3124a6be9a1cc3414f346816 Note: The above data is sourced from OKLink - Original text
5. The current probability of the Federal Reserve lowering interest rates by 25 basis points in January next year is 11.8%, while the probability of maintaining rates is 88.2%.
According to CME's 'FedWatch' data, the probability of the Federal Reserve lowering interest rates by 25 basis points in January next year is 11.8%, while the probability of maintaining rates is 88.2%. - Original text
6. U.S. stocks closed with the Nasdaq down 1.19%, the Dow down 0.97%, and the S&P 500 down 1.07%.
7. MicroStrategy announced it purchased 257,100 BTC this year, setting a new record for a listed company in annual Bitcoin acquisitions.
According to @pete_rizzo_ on the X platform, MicroStrategy bought 257,100 BTC this year, setting a new record for a listed company in annual Bitcoin acquisitions. - Original text
8. The Coinbase CEO sold approximately 437 million USD in stock after the U.S. election.
Coinbase CEO Brian Armstrong invested about 74 million USD in the pro-crypto political action committee Fairshake, and within a week of Trump's election, began a series of pre-set trades where Armstrong sold 100 million USD worth of Coinbase stock, ultimately selling about 437 million USD in stock, which appreciated by 129 million USD compared to before the election. He explained the plan on X a few days before the election, stating he was diversifying 'investments in the moon landing program' but would retain 'the vast majority' of his shares. - Original text
9. The Blockchain Bandit attacker aggregated 51,000 ETH into a multi-signature address, worth about 172.2 million USD.
The Blockchain Bandit attacker has become active again after years of dormancy, aggregating 51,000 ETH (172.2 million USD) into a multi-signature address (0xC45C36017b0B7708f493534Ca4f0930964C1D542). - Original text
10. Placeholder partners state that market risk appetite has not weakened, and the decline may be driven by year-end liquidity factors.
Placeholder partner Chris Burniske posted on X: 'Despite BTC playing with fire, ETHBTC, SOLETH, and SOLBTC are still performing excellently. This makes me think it is not a sign of weakening market risk appetite, but more likely driven by year-end liquidity factors, as people are organizing their books for 2024.' - Original text
11. U.S. stocks fell at the opening, with the Dow down 448 points, the Nasdaq down 270 points, and the S&P 500 down 1.1%.
12. The U.S. debt ceiling is looming, signaling that the Bitcoin cycle is about to bottom.
U.S. Treasury Secretary Janet Yellen stated in a letter to House Speaker Mike Johnson on Friday that the U.S. is likely to reach its legally allowed borrowing limit at some point between January 14 and January 23. After that, the Treasury will take 'extraordinary measures' to cut borrowing. 'I respectfully urge Congress to take action to protect the full faith and credit of the United States,' she wrote. In June 2023, Congress suspended the debt ceiling until January 1, 2025. Just before this letter was released, risk assets weakened at the close. The U.S. stock market fell, with the S&P 500, Nasdaq 100, and Dow Jones Industrial Average all down about 1%. Bitcoin fell 4% from its intraday high. Historically, raising the debt ceiling has been a negative signal for the largest cryptocurrency; in the past five instances, Bitcoin fell or performed poorly in the following days. December this year has not been a strong month for Bitcoin, which has fallen 3% and is likely to see its first decline since August. To increase political and economic uncertainty, President-elect Donald Trump's inauguration will take place on January 20, just between the dates emphasized by Yellen. According to Zerohedge, Congress first set a debt ceiling of 45 billion USD back in 1939, and the limit has been raised 103 times as government spending continues to exceed tax revenue. U.S. national debt now exceeds 36.2 trillion USD. Another factor affecting Bitcoin's price is its parallelism with previous cycles. Since the cycle low during the FTX crash in November 2022, BTC has remained consistent with the previous two cycles. Its current return rate is slightly below 500%, similar to the previous two cycles at the same time point. This is not a good sign for bulls. Both the 2018-2022 and 2015-2018 cycles saw significant declines at this stage of the cycle, as shown in the red box below. Trump's inauguration on January 20 may signal Bitcoin's bottom. - Original text
13. PancakeSwap destroyed approximately 9.1553 million CAKE, worth about 23 million USD.
The multi-chain decentralized exchange PancakeSwap has just announced the destruction of 9,155,328 CAKE tokens, worth approximately 23 million USD. - Original text
14. BlackRock's BTC short film 'cannot guarantee that the supply of 21 million will not change' is just a general disclaimer.
On December 18, BlackRock released a short film introducing Bitcoin, in which a subtitle appeared stating that the bank 'cannot guarantee that the supply of 21 million Bitcoins will not change', which triggered market volatility and caused Bitcoin supporters to feel uneasy, suspecting that market tycoons intended to influence the Bitcoin protocol or implement a 'hard fork' to increase the supply of Bitcoin. However, Li Zhiwei, chairman of the Hong Kong Science Park Cyberport Network, stated that market participants speculate that BlackRock intends to increase Bitcoin supply, but BlackRock's statement in the film is actually just a general disclaimer. As a major Bitcoin holder, increasing supply would not benefit BlackRock because if Bitcoin's supply increases, its Bitcoin spot ETF would also depreciate. - Original text
15. OKX Web3 Wallet has reached a strategic cooperation with Arbitrum to promote Web3 innovation.
According to official news, OKX Web3 Wallet has reached a strategic cooperation agreement with Arbitrum. Both parties will work together to promote Web3 innovation, empower developers to use cutting-edge tools, and build a secure and accessible ecosystem to serve global users. By optimizing access to the Arbitrum ecosystem and its dApps, users can easily explore Arbitrum's ecosystem through the OKX wallet, including products like DEX, NFT markets, and Eco Hubs, promoting the growth and activity of the Arbitrum community. For developers, OKX OS provides a range of powerful tools that enable them to easily build and innovate dApps with seamless integration. As a second-layer scaling solution for Ethereum, Arbitrum has become one of the important innovations in blockchain technology by improving scalability, reducing network congestion and transaction costs, while ensuring compatibility and security with the Ethereum virtual machine. The OKX Web3 Wallet, as an industry-leading one-stop Web3 entry point, now supports over 100 popular public chains, providing a unified experience across app, plugin, web, and Telegram, further promoting the application of Web3. - Original text
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