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According to CoinDesk, the CoinDesk 20 Index experienced a decline, closing at 3319.53, which marks a 2.9% decrease, or a drop of 98.37 points, since 4 p.m. ET last Friday. This index, which is a comprehensive measure of the cryptocurrency market, is traded across various platforms and regions worldwide. Among the 20 assets within the index, only three showed positive movement. Leading the gains were Litecoin (LTC) with an increase of 2.5% and Uniswap (UNI) which rose by 2.2%. These assets managed to perform well despite the overall downward trend in the index. Conversely, some assets faced significant declines. Aptos (APT) was the most notable laggard, experiencing a sharp drop of 14.8%. Avalanche (AVAX) also saw a decrease, falling by 6.0%. These declines contributed to the overall negative performance of the CoinDesk 20 Index during this period.

According to Odaily, trader CrypNuevo has indicated that the market experienced a decline before a broader market rebound, with a focus on the lows near $90,000 in early December. CrypNuevo expressed the belief that these lows might be retested, finding it difficult to envision a V-shaped recovery from the current position. Instead, the trader anticipates a W-shaped pattern or a complete filling of the lower shadow. Ideally, CrypNuevo suggests that fully filling the lower shadow would be beneficial, as $90,000 represents a significant psychological threshold.

According to ShibDaily, Chamath Palihapitiya recently revealed on the All In podcast that SpaceX is leveraging stablecoins to manage payments and mitigate foreign exchange risks for its Starlink satellite internet service. SpaceX collects payments from Starlink customers in countries with underdeveloped financial systems, often referred to as 'long-tail countries,' and converts these payments into stablecoins. These stablecoins are then transferred to the U.S. and converted back into U.S. dollars. This approach helps SpaceX reduce foreign exchange risks and bypass the complexities of traditional wire transfers. The use of stablecoins aligns with Starlink's mission to provide high-speed internet access globally. Cryptocurrencies, especially Bitcoin and stablecoins, are becoming increasingly popular as they enable users to store and use U.S. dollars digitally without a traditional bank account. This is particularly beneficial in regions where local currencies are unstable, making stablecoins a practical solution for daily transactions and cross-border trade. Palihapitiya advocates for the adoption of stablecoins as the primary method for cross-border transactions in the U.S., suggesting that it could eliminate outdated banking infrastructure that slows down and taxes processes unnecessarily. Stablecoins are rapidly evolving and gaining prominence in both the cryptocurrency and financial sectors. Besides SpaceX, institutional investors and traditional financial entities are also adopting stablecoins, with major companies like PayPal and Visa exploring ways to integrate them into their operations. These companies recognize the potential of stablecoins to revolutionize payments and global commerce. Despite the rapid growth of the stablecoin market, it faces regulatory scrutiny and market challenges. However, its role in facilitating cross-border transactions and reducing volatility in the cryptocurrency ecosystem is significant. The future of stablecoins will likely be influenced by regulatory developments, technological advancements, and broader adoption across various industries.

According to Odaily, the Federal Reserve adopted a more hawkish tone last week, projecting higher inflation rates for 2025 than previously estimated and reducing the anticipated number of interest rate cuts for next year. Neil Dutta, an analyst at Renaissance Macro, expressed concerns that the Fed might find itself in a challenging position amid a seemingly slowing economic environment, potentially reverting to a more dovish stance. Dutta speculated that expectations regarding policies from the Trump administration, which Federal Reserve Chair Jerome Powell acknowledged some officials are now considering, could lead to changes in next year's forecasts. He suggested that the Fed appears to be taking precautionary measures against potential tariff impacts by slowing the pace of rate cuts. Dutta warned that this approach could be risky, given the apparent weakening of the economy's underlying momentum.

According to PANews, Coinglass data reveals that the cryptocurrency market experienced liquidations totaling $270 million in the past 24 hours. Long positions accounted for $180 million of the liquidations, while short positions amounted to $89.86 million. Bitcoin (BTC) saw liquidations totaling $61.91 million, and Ethereum (ETH) experienced liquidations of $60.49 million.

According to Odaily, CF Benchmarks announced on Monday that investment advisors are likely to surpass hedge funds as the largest holders of U.S.-listed spot Bitcoin (BTC) exchange-traded funds (ETFs) next year. Data from CF Benchmarks indicates that investment advisory firms may hold over 50% of the market share in BTC and ETH ETFs in the coming year.

On Dec 23, 2024, 14:49 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 94,000 USDT and is now trading at 93,951.210938 USDT, with a narrowed 2.23% decrease in 24 hours.

According to Odaily, monitoring by Trader T reveals that BlackRock's IBIT recorded a pre-market trading volume of $52 million today. Of this, 44% consisted of active buy orders, while 38% were active sell orders.

On Dec 23, 2024, 14:38 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 95,000 USDT and is now trading at 94,900 USDT, with a narrowed 0.90% decrease in 24 hours.

According to Odaily, MicroStrategy has announced the sale of 1,317,841 shares between December 16 and December 22, 2024, under a sales agreement. The company reported net proceeds of approximately $561 million after deducting sales commissions. MicroStrategy still has around $7.08 billion worth of shares available for issuance and sale under the same agreement.

According to Foresight News, Cyvers Alerts, a blockchain security monitoring service, has reported that the total losses from hacks and frauds in the cryptocurrency sector have exceeded $6 billion. This marks a 40% increase in overall exploitations compared to the previous year. Access control vulnerabilities were the most significant issue, accounting for 81% of the total losses.

The 2024 Annual Report on BNB Chain highlights a transformative year of growth, security enhancements, and innovation. The ecosystem achieved major milestones, including the successful consolidation of its network under the One BNB Multichain Strategy, advancements in scalability through opBNB and Greenfield, and initiatives fostering stablecoin adoption and DeFi growth.Key Achievements in 2024:1. Network Upgrades and ScalabilityNetwork Consolidation:The BNB Beacon Chain functionalities were merged into the BNB Smart Chain (BSC), streamlining operations, reducing security risks, and enhancing scalability.opBNB Scalability:Achieved 4,600 transactions per second (TPS) with plans to scale to 10,000 TPS in 2025.Introduced TxDAG for parallel transaction execution, boosting performance by 30%.Maintained a competitive transaction fee of $0.001.Greenfield Enhancements:Launched the alpha version of Greendrive and introduced BNB Archive Layer for decentralized historical data storage.Improved functionality through major forks like Hulunbeier, Ural, and Pawnee.2. Ecosystem Activity and MetricsDaily Active Users (DAU):opBNB: 4.7 million average DAU.BSC: 1.12 million average DAU by year-end.Total Value Locked (TVL):BSC TVL grew 58.2% from $3.5 billion to $5.5 billion.opBNB TVL increased 27.6% to $19.2 million.Transactions:BSC processed an average of 4 million daily transactions (+2.5% YoY).opBNB averaged 7.1 million daily transactions.Unique Addresses:BSC unique addresses grew 17.7%, reaching 486 million.3. Security ImprovementsTotal financial losses dropped 67%, from $162 million in 2023 to $53 million in 2024.Number of security incidents decreased by 66%, reflecting effective security measures.4. Key InitiativesStablecoin Integration:Gas-Free Carnival eliminated fees for stablecoin transfers, boosting usage by 2.1% within a week.Stablecoins accounted for 8.8% of all BNB Chain transactions.AI-First Blockchain:Positioned as a hub for AI-driven applications, integrating high throughput, low costs, and secure data storage.Successful AI projects include MyShell, Holoworld AI, and ChainGPT.Meme Innovation Battle:Distributed $1 million to support creative memecoin projects, enhancing trading stability and liquidity.Most Valuable Builder (MVB) Program:Seasons 7 and 8 supported over 1,200 applicants, with investments in standout projects through Launch-as-a-Service (LaaS).BNB Chain Incubation Alliance (BIA):Hosted 5 global events, awarding 12 winners and driving Web3 project development.5. Vision for the FutureThe BNB Chain ecosystem is poised to lead the next wave of Web3 adoption by focusing on:Scalability and Performance: Ongoing improvements to opBNB and Greenfield.Developer and Community Support: Enhanced programs like MVB and BIA.Innovation and Engagement: Continued emphasis on stablecoins, DeFi, and AI applications.With significant advancements in 2024, BNB Chain solidifies its position as a premier platform for blockchain innovation and adoption. The ecosystem's commitment to growth, security, and developer support paves the way for an impactful future in the Web3 space.

On Dec 23, 2024, 13:24 PM(UTC). According to Binance Market Data, BNB has crossed the 680 USDT benchmark and is now trading at 680.380005 USDT, with a narrowed 1.92% increase in 24 hours.

According to Odaily, Arkham disclosed on the X platform that Mt. Gox transferred Bitcoin worth $49.3 million this morning. Of this amount, $19 million in Bitcoin was moved to two new wallets, while the remainder was transferred to a wallet starting with 1MVm. Currently, Mt. Gox still holds Bitcoin valued at approximately $3.45 billion.

According to PANews, MicroStrategy has announced the acquisition of 5,262 more bitcoins. The company reported that the average purchase price for these bitcoins was $106,662.

According to Odaily, the National Bank of Ethiopia is considering the release of guidelines for cryptocurrencies. Although the legal status of cryptocurrencies in Ethiopia remains unconfirmed, the bank is closely monitoring global developments. This could indicate a potential shift in Ethiopia's stance on digital currencies.

According to Odaily, Elon Musk recently commented on social media platform X, criticizing the Federal Reserve for being 'extremely overstaffed.' His remarks came in response to discussions triggered by a post about the Federal Reserve's latest policy decisions. Previously, U.S. President-elect Donald Trump also targeted the Federal Reserve, expressing his belief that he should have a say in monetary policy and interest rate settings. Musk, a billionaire, is set to focus on improving the efficiency of the U.S. government starting January next year, with the Federal Reserve now reportedly in his sights.

Asset management firm VanEck has proposed that the United States could significantly reduce its national debt by creating a Bitcoin reserve. The analysis estimates that if Bitcoin grows at a 25% compounded annual growth rate (CAGR) to reach $42.3 million per coin by 2049, the reserve could offset 35% of the national debt, approximately $42 trillion.Key Details of the Proposal:Bitcoin Reserve Projection:The U.S. would need to accumulate 1 million BTC as part of a national Bitcoin reserve.Bitcoin, currently trading at $95,928, would need to more than double to $200,000 by 2025 for VanEck’s optimistic scenario to take effect.Debt Reduction Impact:U.S. national debt is projected to grow at a 5% CAGR, rising from $37 trillion in 2025 to $119.3 trillion by 2049.A Bitcoin reserve could offset approximately 35% of this debt.Bitcoin’s Market Role:By 2049, Bitcoin at $42.3 million would represent 18% of the world’s financial assets, up from its current 0.22% share of the $900 trillion global market.Funding the Bitcoin Reserve:Under Senator Cynthia Lummis' proposed bill, the U.S. could repurpose the 198,100 BTC already held from asset seizures.Additional BTC could be acquired through:Selling a portion of the U.S.’s $455 billion gold reserves.Emergency Support Functions without money printing or taxpayer funding.Supporting Factors:State and Institutional Adoption:Growing Bitcoin adoption at U.S. state, institutional, and corporate levels would strengthen VanEck’s CAGR estimates.Global Trade and BRICS Influence:VanEck predicts Bitcoin could become widely used as a settlement currency for global trade, especially among nations aiming to bypass increasing USD sanctions.Political Developments:President-elect Donald Trump’s administration has floated the idea of a Bitcoin reserve, fueling a rally that pushed Bitcoin prices into six figures.Strike CEO Jack Mallers speculated that Trump might issue an executive order on his first day in office to designate Bitcoin as a reserve asset.VanEck’s proposal underscores Bitcoin's potential as a transformative asset for national debt management and global financial markets. However, its success hinges on significant price appreciation and widespread adoption at state and international levels. As the Lummis bill awaits review, Bitcoin’s role in reshaping U.S. fiscal policy remains speculative but increasingly discussed, according to Cointelegraph.

MicroStrategy founder and Bitcoin advocate Michael Saylor has pitched a Digital Assets Framework for the United States, emphasizing the potential of a strategic Bitcoin reserve to bolster the U.S. dollar, offset the national debt, and position the country as a global leader in the digital economy.Key Highlights of the Framework:Bitcoin Reserve Proposal:Saylor suggests establishing a strategic Bitcoin reserve capable of generating $16 to $81 trillion in wealth for the U.S. Treasury.He claims this reserve could "neutralize the national debt" while cementing the U.S. dollar’s position as the dominant global currency.Digital Asset Taxonomy:The framework classifies assets into six categories:Digital commodities (e.g., Bitcoin)Digital securitiesDigital currenciesDigital tokensNon-fungible tokens (NFTs)Asset-backed tokensIt establishes roles and responsibilities for issuers, exchanges, and owners while advocating a "no fraud" standard: no lying, cheating, or stealing.Cost-Effective Compliance:Proposes compliance costs capped at 1% of assets under management for issuance and 0.1% annually for maintenance.Focuses on minimizing friction by streamlining regulatory processes and encouraging industry-led compliance.Economic Goals:Expand global digital capital markets from $2 trillion to $280 trillion, with U.S. investors capturing a significant share of wealth.Enable rapid asset issuance to reduce costs from millions to thousands, increasing market accessibility from 4,000 public companies to 40 million businesses.Innovation and Growth:Aims to catalyze a capital markets renaissance, unleashing trillions of dollars in value creation while positioning the U.S. dollar as the global reserve digital currency.Industry Reaction:Saylor's proposal has garnered mixed reactions. While proponents see it as a visionary roadmap for digital asset integration, critics like Peter Schiff dismissed it as impractical, arguing it would harm the dollar, exacerbate the national debt, and tarnish the U.S.'s reputation.MicroStrategy's Bitcoin Strategy:Under Saylor’s leadership, MicroStrategy has accumulated over 439,000 BTC, worth more than $41 billion, with an aggregate portfolio profit of 54%. Despite his success, a similar pitch to Microsoft shareholders to adopt Bitcoin was rejected.Saylor’s framework envisions a transformative role for Bitcoin and digital assets in revitalizing the U.S. economy. Whether this ambitious plan gains traction remains to be seen, but it underscores the growing importance of digital assets in shaping global financial strategies.

Japanese investment firm Metaplanet has made its largest Bitcoin purchase to date, acquiring 619.7 BTC for nearly $60 million as Bitcoin trades below $100,000. This marks a significant step in the firm's aggressive Bitcoin accumulation strategy, earning it the nickname “Asia’s MicroStrategy.”Key Highlights:Largest-Ever BTC Purchase:Metaplanet’s latest purchase quadruples its previous record of 159.7 BTC on Oct. 28.Total Bitcoin holdings now stand at 1,762 BTC, valued at approximately $168 million with an average acquisition price of $75,600 per BTC.Performance Metrics:From Oct. 1 to Dec. 23, the firm reported a 310% BTC Yield, significantly outperforming the 41.7% yield from Q3.BTC Yield measures the firm’s Bitcoin acquisition performance, aimed at enhancing shareholder value.Expanded Bitcoin Strategy:Metaplanet plans to incorporate “Bitcoin accumulation and management” as a formal business line.This will include leveraging loans, equity, convertible bonds, and other financial tools to acquire and hold Bitcoin.The firm also raised $62 million (9.5 billion yen) through a stock acquisition program to fund additional Bitcoin purchases.Stock Market Impact:Metaplanet’s stock surged 5% on the Tokyo Stock Exchange following the announcement but remains down 13% over the past week.Shares have risen 2,100% year-to-date, hitting an all-time high of 4,080 yen ($26) on Dec. 17.Metaplanet’s Position Among Corporate Bitcoin Holders:With its latest acquisition, Metaplanet ranks as the 12th-largest corporate Bitcoin holder, trailing medical tech company Semler Scientific. The firm’s adoption of Bitcoin has propelled its stock price to historic highs and positions it as a major player in Asia’s crypto market, according to Cointelegrah.