The U.S. Blockchain Association sues the IRS over new digital asset reporting regulations
According to Cointelegraph, the IRS has released new regulations requiring digital asset platforms, including decentralized exchanges (DEX), to disclose user transaction information and crypto asset sales revenue starting in 2027. The Blockchain Association and the Texas Blockchain Council have filed a lawsuit against this rule, claiming it is unconstitutional and violates the Administrative Procedure Act, potentially having severe implications for the U.S. digital asset sector.
A South Korean court issued an arrest warrant for Yoon Suk-yeol on charges of treason
The judge postponed the trial date between the CFTC and Gemini to January 21
Biden ordered the government executive branch to close on January 9, 2025
ZachXBT: Blockchain Bandit attacker aggregates 51,000 ETH into multi-signature address, approximately $172.2 million
According to on-chain data monitored by ZachXBT, the Blockchain Bandit attacker has become active again after years of dormancy, aggregating a total of 51,000 ETH (approximately $172.2 million) into a multi-signature address (0xC45C…D542).
Bloomberg: BlackRock's Bitcoin fund becomes 'the greatest issuance in ETF history'
According to Bloomberg, BlackRock's iShares division offers over 1,400 ETFs globally, but none of them have performed as well as its Bitcoin ETF. The iShares Bitcoin Trust (IBIT) broke industry records when launched in 2024. Within just 11 months, its assets ballooned to over $50 billion. IBIT's size has grown to equal the total assets managed by more than 50 ETFs focused on the European market, many of which have existed for over 20 years. Nate Geraci, president of consulting firm The ETF Store, called it 'the greatest issuance in ETF history.' As Bloomberg intelligence analyst James Seyffart noted, 'The growth of IBIT is unprecedented. It is the fastest ETF to reach most milestones, quicker than any other ETF in any asset class.' He added that with the current asset scale and a 0.25% expense ratio, IBIT is expected to earn approximately $112 million annually.
Polkadot releases 2025 roadmap: Shortening DOT unlocking wait time, promoting DOT as a universal fee token
Binance Alpha added COCO, vvaifu, MIRA, SKI, ALCH
FTX creditor Sunil accused aixbt of spreading false information related to FTX
Wormhole Foundation: The FEG token issue is unrelated to Wormhole, and all contracts are completely unaffected
Wormhole Foundation tweeted this morning that today's FEG token issue is unrelated to Wormhole, and all Wormhole contracts are completely unaffected. Blockchain security agency CertiK's analysis shows that the FEG bridge was attacked on December 29, 2024, due to a logic error in the cross-chain message handling of the relay contract. This contract was deployed by an address funded by the FEG team and is unrelated to the Wormhole team.
Unichain will launch a new validation network in 2025
The autonomous agent framework Eliza developed by the ai16z team ranks first on the GitHub December trend list
GitHub Trending data shows that the autonomous agent framework Eliza developed by the ai16z team ranks first on the December trend list, gaining 4,531 stars this month for a total of 7,028 stars.
Stablecoin sales infrastructure platform AlloyX completes $10 million Pre-A financing
According to official news, AlloyX, a sales infrastructure platform headquartered in Asia, announced the completion of $10 million Pre-A financing to expand global stablecoin infrastructure and plans to scale its operations in the UAE, ASEAN, and Africa. Notably, this round of financing attracted numerous institutional investors, including Solomon Fund, Arbitrum Foundation, Offchain Labs, PMT Capital, Ming Capital, Fern Win Capital, Whitecove Capital, and Kiln SAS. This financing follows significant developments in the stablecoin payment space, including Stripe's $1.1 billion acquisition of Bridge and BVNK's $50 million Series B financing at a $750 million valuation.
An entity allegedly sent nearly 540,000 LINK to Binance via three wallets, worth $11.4 million
Genius Group purchased an additional $10 million worth of Bitcoin, increasing its holdings to 319.4 BTC
DefiLlama: DEX trading volume hit a historic high of $462 billion in December
Tether's Bitcoin holdings increased to approximately 83,759 BTC, with a market value of approximately $7.7 billion
On December 30, 2024, wallets associated with Tether added 8,404.48 BTC, worth approximately $772 million. As of now, Tether's total holdings reached 83,758.57 BTC, with a market value of approximately $7.7 billion. This transaction includes 7,628.92 BTC received from the Bitfinex tagged wallet and 775.568 BTC transferred later.
Notably, Tether has repeatedly used the auspicious number '8' in previous acquisitions, such as purchasing 8,888.88 BTC in March 2024 and December 2023. This numerical pattern has sparked speculation about its strategy or symbolic significance. Additionally, Tether manages a diversified asset portfolio, including 4.8 million CRO, 2.293 million TRX, 148.46 ETH, 753,036 USDC, and 176 BNB.
USDC Treasury minted 400 million USDC this morning
MicroStrategy: There are still approximately $6.88 billion worth of shares available for issuance and sale
MicroStrategy announced that between December 23, 2024, and December 29, 2024, under the underwriting agreement, the company sold a total of 592,987 shares, with a net proceeds of approximately $209 million (after deducting underwriting commissions). As of December 29, 2024, there are still approximately $6.88 billion worth of shares available for issuance and sale under the underwriting agreement.
MicroStrategy spent approximately $209 million to increase its holdings by 2,138 bitcoins
According to MicroStrategy's latest 8-K filing, MicroStrategy announced that between December 23, 2024, and December 29, 2024, it used the proceeds from the issuance and sale of shares under a underwriting agreement to purchase approximately 2,138 bitcoins for about $209 million in cash, at an average price of approximately $97,837 per bitcoin (including fees and expenses). As of December 29, 2024, MicroStrategy and its subsidiaries held approximately 446,400 bitcoins, with a total purchase price of about $27.9 billion, at an average purchase price of approximately $62,428 per bitcoin (including fees and expenses).
A swing trader rebought 25,204.6 ETH for 82.34 million USDT
According to on-chain analyst Yu Jin's monitoring, a swing trader rebought 25,204.6 ETH for 82.34 million USDT after cutting losses yesterday afternoon, with an average price of $3,322. Approximately 34.5 million USDT came from funds borrowed by mortgaging ETH in Aave. This indicates that not only did he invest all his funds this time, but he also used leverage for the first time, showing strong optimism about ETH's subsequent performance.
