NFL Star Odell Beckham Jr. Achieves Over 55% Appreciation by Receiving Salary in BTC
According to Yahoo Finance, NFL star Odell Beckham Jr. reached an agreement with Block Inc.'s Cash App to receive a salary of $750,000 in Bitcoin when he signed with the Los Angeles Rams back in 2021. Data from The Action Network, cited by Morningstar, shows that the price of Bitcoin on the day of redemption was $64,158. If these Bitcoins were calculated at a price of $100,000, their value would have reached $1,168,900, an increase of over 55%. Although it is unclear whether Odell Beckham Jr. has held onto the Bitcoin over the three-year period, it is reasonable to assume that his venture has paid off, as he confirmed last month that he is still collaborating with Cash App to receive his salary in Bitcoin. #bitcoin
Next Week's Macro Outlook: Federal Reserve Rate Cut in December Likely Uncontroversial
After a mixed bag of data released this week, swap traders have reduced their bets on the Federal Reserve's easing policy path. The Dow Jones Industrial Average fell 1.82% this week, the S&P 500 Index dropped 0.64%, ending a three-week streak of gains, while the Nasdaq rose 0.34%. Bitcoin has increased for seven consecutive weeks, marking the longest streak since 2021. The last significant monetary policy week of 2024 will attract investor attention. According to statistics, at least 22 central banks, accounting for two-fifths of the global economy, will set borrowing costs by the close next Friday, and the outcomes are likely to highlight that, as policymakers weigh different risks for the year ahead, the momentum for easing policies now appears increasingly unbalanced. Here are the key points the market will focus on in the new week: Monday 15:30, ECB President Lagarde will speak; Tuesday 04:45, Bank of Canada Governor Macklem will speak; Thursday 03:00, the Federal Reserve will announce the interest rate decision and economic projections summary; Thursday 03:30, Federal Reserve Chair Powell will hold a monetary policy press conference; Thursday (exact time TBD), Bank of Japan will announce the interest rate decision; Thursday 14:30, Bank of Japan Governor Ueda will hold a monetary policy press conference; Thursday 21:30, the U.S. third-quarter annualized GDP growth rate revision, U.S. third-quarter real personal consumption expenditures preliminary rate, U.S. December Philadelphia Fed manufacturing index. It is worth mentioning that the Fed's preferred core inflation measure—the Personal Consumption Expenditures Price Index (PCE)—will be released next Friday, and economists predict that the PCE for November (excluding food and energy) may rise by 0.2%, which would be the smallest increase in three months. This report will also show robust growth in consumer spending and income, indicating economic resilience.
X may launch a new monetization plan to provide creators with additional income for publishing exclusive content
According to App developer Nima Owji, X may announce a new monetization plan that will provide creators with additional income for publishing exclusive content. #pepe
In the past week, 40,000 BTC flowed out of exchanges, worth over $3.92 billion
Cryptanalysis analyst Ali cited CryptoQuant data at X, stating: "In the past week, 40,000 BTC were withdrawn from exchanges, worth over $3.92 billion." #ETH
Total open interest for ETH contracts across the network is close to 2.7 billion USD
Coinglass data shows that the total open interest for ETH futures contracts across the network is 6.9208 million ETH, approximately 2.6958 billion USD. Among them, Binance's ETH contracts have an open interest of 2.1156 million ETH (approximately 822.2 million USD), ranking first. #Binance
Billionaire Chamath Palihapitiya: Quantum computing will pose risks to v1 encryption methods
Billionaire and Social Capital founder Chamath Palihapitiya posted on X: 'Quantum computing will pose a risk to v1 encryption methods. The timeframe is very unclear and not in the near term. But if I owned a lot of BTC, my risk posture would be to assume it could happen and plan accordingly.' Now, any potential risks to Bitcoin can be addressed through forks, which deploy quantum-resistant cryptography for new transactions. That is to say, this cannot retroactively protect already exposed, un-migrated public keys. Funds in old p2pk addresses (dead accounts?) with exposed public keys will still be vulnerable to quantum computing attacks targeting ECDSA and will become a target.
Jupiter's TVL exceeds 2.6 billion USD, setting a new historical high
DeFiLlama data shows that Jupiter's TVL exceeds 2.6 billion USD, currently at 2.609 billion USD, setting a new historical high. Previously, news reported that Jupiter's founder meow stated on X that a new round of Jupuary (the JUP airdrop event) is expected to take place before Catstanbul (Jupiter community event, planned for January 25-26); more standards and data will be announced in the coming weeks; the airdrop inquiry interface will still take time and may go live 1 to 2 weeks before the airdrop starts. #opbnb
Trump address currently holds over 13.5 million dollars in crypto assets, TROG holdings value rises to 7.42 million dollars
According to Arkham monitoring, the current Trump address holds over 13.5 million dollars worth of crypto assets, mainly including: 2.10345 billion TROG (7.42 million dollars), 495.674 ETH (1.93 million dollars), 478.843 WETH (1.86 million dollars), 579.29 thousand TRUMP (950 thousand dollars), etc. #BTC
Tokenized Data Platform Inveniam Receives Investment from UAE AI Company G42
According to official news, UAE artificial intelligence company G42 has made an investment in the tokenized data platform Inveniam, with the specific amount undisclosed, and has raised over $120 million to date. G42 has 25,000 employees spread across seven AI subsidiaries, with business interests in the energy sector, health, and data centers. Inveniam officially announced in 2021 that it had secured $25 million in Series A funding led by fund management company Apex, with Cushman Wakefield as a co-lead. Inveniam's system uses DLT to provide data sources for pricing calculations, much of which may come from artificial intelligence, and data access is permissioned. It also employs privacy technology, allowing institutions to share data without exposing sensitive information. Inveniam utilizes technology from the tokenization startup Tokeny.
REX Financial Launches Cryptocurrency Covered Call Options ETF on Nasdaq
The ETP provider REX Financial announced the launch of the cryptocurrency covered call options exchange-traded fund REX Crypto Equity Premium Income ETF (ticker: CEPI) on Nasdaq. It is reported that this ETF uses a covered call options strategy to provide traders with investment opportunities in the top 25 U.S. cryptocurrency-related companies, which cover areas such as mining, trading, custody, blockchain technology development, and digital payment solutions. #bitcoin
Tim Beiko: We should define Schelling Points for different levels of trustlessness to encourage institutional adoption of Ethereum
Paradigm data researcher Storm stated on X that Ethereum is a Trojan horse. When institutions adopt Ethereum, they inadvertently hegemonize its core principles of decentralization, transparency, and open-source software. In response, Ethereum core developer Tim Beiko stated: 'If we want things to unfold this way, it would be a good thing to provide functionality equivalent to L2 'stages' or zkEVM 'types' for applications built on Ethereum. We should define Schelling Points for different levels of trustlessness to encourage benevolent institutions to converge towards them. (Note: Schelling Points are the tendencies for people to make choices in game theory without communication, and this choice may be made because it seems natural, special, or related to the chooser.)
South African regulator has issued 248 licenses for crypto asset service providers and rejected 9 applications
The Financial Sector Conduct Authority (FSCA) of South Africa has issued a total of 248 licenses for crypto asset service providers (CASPs) from 420 applications received, with 56 applications still under review and 9 applications having been rejected. 106 entities withdrew their applications after the FSCA expressed concerns about their business models. (Bitcoin.com) #BTC
Moonshot launches GRIFT, current market value $52.5 million
Moonshot is now live on aixbt (GRIFT). According to GMGN data, GRIFT briefly broke through $0.067, currently reported at $0.0525037, with a 24H increase of 96%; current market value is $52.5 million. Odaily reminds users that the prices of meme coins are highly volatile, and investors should participate cautiously. #feedfeverchallenge
Rapper Drake's X account allegedly hacked and promoting Solana meme coin, trading volume once reached $5 million
The X account of Canadian rapper Drake (with over 39 million followers) was reportedly hacked on Saturday night and promoted a Solana meme coin based on his cartoon 'stand-in character.' The coin's trading volume once reached $5 million but was later confirmed to be a scam, and the related posts have been deleted. False posts also claimed that the meme coin was launched in partnership with Drake's preferred cryptocurrency betting platform, Stake. The fraudulent token '$ANITA' shares its name with Drake's Anita Max Wynn Tour, which will mark Drake's first return to Australia and New Zealand since 2017. (The Block) #Binance
228 million USD liquidated across the network in the past 24 hours, primarily long positions.
Coinglass data shows that in the past 24 hours, the total liquidations across the network amounted to 228 million USD, with long positions liquidating at 174 million USD and short positions at 53.6 million USD. BTC liquidations totaled 24.0083 million USD, and ETH liquidations totaled 22.3187 million USD. #pepe
Key indicators for Bitcoin suggest that $100,000 is not the endpoint for Bitcoin in this cycle.
The price of Bitcoin reached $100,000 and set a new historical high, sparking speculation about cryptocurrencies hitting the peak of the cycle. However, key indicators suggest that, based on historical data and on-chain analysis, Bitcoin still has room for growth. #binancepizza
Russia tests system to block VPN users from accessing the global internet
Russia is testing a new system to cut off global internet access, including VPNs, in an effort to establish a 'sovereign internet'. Recent tests conducted in Dagestan led to widespread internet service disruptions. #feedfeverchallenge
Bankless Co-founder: Ethereum as a Reserve Asset is Achievable
Bankless co-founder Ryan Sean Adams posted on platform X: "I believe that Ethereum as a reserve asset is achievable." Additionally, Ryan Sean Adams hinted that Trump is reluctant to fall behind other countries in ETH reserves. #opbnb
Former Thai Prime Minister Thaksin suggests establishing a sandbox to trial Bitcoin payments in Phuket
Former Thai Prime Minister Thaksin Shinawatra stated at a seminar that Trump might repay U.S. debt using Bitcoin, while particularly emphasizing that this is not an encouragement for everyone to buy Bitcoin, but a reminder that this is a trend. Currently, various cryptocurrencies have emerged, and some say that the number of future currencies may exceed the number of countries. The Thai people must keep up with the times and understand these changes. Thaksin also suggested that the Prime Minister could instruct the Ministry of Finance to study whether Bitcoin could be accepted in Thailand, for example, by piloting the use of Bitcoin in Phuket, allowing Bitcoin holders to make payments locally. (Moneyandbanking) #zachxbt