🚨Breaking news! Breaking news! Is China's cryptocurrency market about to change?
WeChat and Weibo suddenly support cryptocurrency market queries. Is China's cryptocurrency market about to change?
Recently, a major news story has caused a stir in the financial and tech circles: WeChat actually supports querying cryptocurrency market data! This change has not only thrilled cryptocurrency enthusiasts but also sparked widespread speculation about whether China's cryptocurrency policies are about to loosen.
The bottom display shows Jinse Finance, which is actually provided by Jinse Finance's mini program. Not only can users query through WeChat, but they can also search for Bitcoin prices on Weibo and find real-time Bitcoin prices.
As for the rumors that China's cryptocurrency ban might be lifted, it seems premature at this point. However, while strict regulations still exist in mainland China, Hong Kong has been continuously promoting the development of cryptocurrency over the past two years, which is evident. After all, Hong Kong is part of Chinese territory, and many industry insiders from abroad have stated that it is only a matter of time before China opens up to cryptocurrencies.
The 'small moves' behind WeChat's new feature
As China's largest social platform, every move of WeChat captures the attention of billions of users. The newly added cryptocurrency market query feature is undoubtedly an important 'gesture' towards the cryptocurrency market. Through this feature, users can easily check the real-time prices of mainstream cryptocurrencies such as Bitcoin and Ethereum, fulfilling the immediate needs of many investors for market updates.
WeChat did not suddenly have a 'conscience awakening'; rather, it is the result of collaboration with professional financial media like Jinse Finance. This collaborative model not only provides convenient services for WeChat users but also brings more traffic and exposure opportunities for media outlets like Jinse Finance. It can be said that this is a win-win cooperation.
Does WeChat's support for querying cryptocurrency market data mean that China's cryptocurrency policies are about to loosen? $BTC

Brazilian Congressman Eros Biondini proposes a Bitcoin Strategic Reserve Bill

Brazilian Congressman Eros Biondini proposed a bill to establish a "Bitcoin Strategic Sovereign Reserve" (RESBit) to allocate up to 5% of international reserves to Bitcoin to diversify national assets and cope with exchange rate fluctuations and geopolitical risks. The bill stipulates that reserve management must follow the principle of transparency, adopt high-security storage methods such as cold wallets, and be jointly responsible by the central bank and the Ministry of Finance, and disclose reports regularly. This proposal also plans to support the development of blockchain technology and provide reserve support for the future digital Brazilian real (Real Digital). $BTC $ETH

Trump administration plans to expand CFTC power and restructure cryptocurrency regulation

The incoming Trump administration plans to expand the CFTC's power to regulate the $3 trillion digital asset market. The move aims to weaken some of the SEC's jurisdiction over the crypto industry and regulate digital assets such as BTC and ETH, which are considered commodities, and their spot markets through the CFTC. The Trump administration believes that this move will provide a clear regulatory framework for the industry and promote innovation. Previously, former CFTC Chairman Chris Giancarlo was considered a popular candidate for the position of "crypto czar" in the Trump administration. $BTC

Recently, the recovery of the cryptocurrency market has once again focused people's attention on Filecoin, the king of altcoins, a unique Web3 infrastructure project.
As a leader in decentralized physical infrastructure connected to reality, Filecoin introduced the brand new concept and direction of Depin to the blockchain world after its emergence. In the past few years, Filecoin has experienced multidimensional expansion from a storage network to a data service platform, and now deeply integrates with AI. This article will outline the important developments of Filecoin since 2021 and explore its potential benefits and future prospects.
●🚀 Core Technology Upgrade: Proof of Data Ownership (PDP) is expected to be implemented in Q1 2025, supporting hot storage functionality and expanding practical application scenarios. Fast Finality (F3) is planned to go live in January 2025, reducing transaction confirmation time to within minutes, significantly enhancing network efficiency.
● 🚀 Cross-chain and Diversified Application Scenarios: The deep integration with blockchains such as Solana and exploration of new fields like AI and DePIN in 2025 will further solidify Filecoin's position as a core Web3 infrastructure.
● 🚀 Stablecoin Economic Effects: $USDFC (expected to launch within a month) is expected to improve the payment and incentive mechanisms within the Filecoin ecosystem, enhancing overall liquidity.
● 🚀 Real Data Value Enhancement: Important partnerships with commercial entities will be announced in Q1, and with the continuous introduction of real data, the practical application value and commercialization potential of the Filecoin network will be further enhanced.
●🚀 L2 and Subnet Effects: A mature plan to stimulate the Layer 2 ecosystem will be launched in 2025, expected to bring more transaction volume, storage demand, and economic activity, driving sustainable growth of the main network economy.

Filecoin 2025 Goals:
 
During the FIL Bangkok event in 2024, the Filecoin team proposed three core goals for 2025:
1. Enhance user stickiness, becoming an 'indispensable' tool for users in the AI and Web3 era.
2. Promote the growth of paid storage transaction revenue to achieve sustainable development of the ecosystem economy.
3. Promote the comprehensive prosperity of network economic activities through stablecoins, SP staking plans, and network fees.
$FIL 🚀🚀🚀

The violent mode is about to arrive, are you OK
$FIL

Wealth is not a reward for hard work,
but a compensation for understanding!💰
$BTC $ETH $FIL

Breaking news from the United States! Pennsylvania passes the Bitcoin Rights Bill with a vote of 176-26, proposing a strategic Bitcoin reserve

Pennsylvania has made a new milestone in cryptocurrency by passing the Bitcoin Rights Bill (House Bill 2481) with a vote of 176-26. This legislation establishes the rights of individuals and businesses to self-custody digital assets, operate blockchain nodes, and engage in transactions without interference from restrictive municipal regulations. The state continues to advance new legislation, proposing a strategic Bitcoin reserve. The Bitcoin Rights Bill was initiated by Republican Representative Mike Cabell and received bipartisan support, reflecting growing recognition among parties of the transformative potential of blockchain technology. This legislation positions Pennsylvania as one of the leading states in the U.S. for digital asset regulation and emphasizes its commitment to fostering innovation in the field while addressing key issues such as economic empowerment and financial inclusion.

$ETH $SOL $BTC

#Filecoin F3 launched on December 4, major upgrade for Fil, processing time reduced from several hours to just a few minutes, 450 times transaction speed greatly improved! I believe its value is extraordinary. #Filecoin即将上线稳定币USDFC

With the arrival of the stablecoin USDFC issued by Filecoin, the selling pressure on FIL will decrease, and its value will increase. 🚀🚀🚀
Are you ready?

Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), announced on Thursday that he plans to step down on January 20, 2025 (the day President Trump is sworn in). This news has excited cryptocurrency bulls.

One day, when you walk through the weeds and smoke, I will call out to you softly, with the sound of wind and water.

Filecoin Ecosystem Team Launches L2 Solutions

At the main stage event of the FIL Bangkok Summit hosted by the Filecoin Foundation, teams in the Filecoin ecosystem released new data storage solutions that will usher in a new era for Filecoin by expanding network functionality. The launch of two new Filecoin Layer-2 (L2) solutions, Akave and Storacha, marks a major leap in the maturity of the network and enhances its ability to meet the storage needs of more data users.  L2 networks, such as Textile’s Basin, and the newly launched Akave and Storacha, are part of the Filecoin network and can provide more modular, customized, and scalable solutions. L2 improves Filecoin’s chain functionality and performance, and can customize functionality for different markets and users such as artificial intelligence (AI), DePIN, enterprise, computing, and gaming.  As the network scales day by day, these developments mark a turning point in Filecoin’s position as the world’s largest decentralized storage network, whose mission is to preserve humanity’s most important information.
51988973045
#DePIN赛道 🚀🚀#Applicationlanding 7369504327#Importantmilestone

It is an inevitable trend that Bitcoin will break 100,000$ by the end of the year. Are you ready?
$ETH $FIL

The 47th President of the United States 🇺🇸——Crypto President Trump

Filecoin network V24 upgrade on October 23! Filecoin is the backbone of DePIN and AI - providing decentralized, secure and scalable storage for future innovations

Filecoin will activate the F3 function on December 4, 2024 (Filecoin nv24 version will be launched on the mainnet on November 20, and the F3 function will be officially activated on December 4). This update will greatly improve transaction speed. In the past, when we transferred money on the exchange, we usually had to wait for up to 7.5 hours for block confirmation, which made people feel that the wait was long. With the activation of F3, the block confirmation time will be shortened to a few minutes. It can be simply understood that the transaction speed of Filecoin will change from "slow ordinary train" 🚞 to "fast high-speed rail" 🚄, and the user experience will have a qualitative leap. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀

When you believe in miracles, miracles will happen#Lastbull marke#Whatwill happen in the next bull market?

Grayscale holds a total of 1.6772 million FIL

What does Grayscale's continued increase in FIL holdings mean? On September 27, 2024, the "big leek" Grayscale added another 21,200 FIL #FIL #filecoin #Depin赛道