Headlines
▌The U.S. SEC approved the Hashdex Nasdaq Bitcoin and Ethereum Crypto Index ETF
According to market news, the U.S. Securities and Exchange Commission has approved the Hashdex Nasdaq Bitcoin and Ethereum Crypto Index ETF.
▌Craig Wright, who claims to be Satoshi Nakamoto, was sentenced to 12 months in prison, with two years probation.
Australian scientist Craig Wright, who claims to be Satoshi Nakamoto, was found in contempt of court and sentenced to 12 months in prison, with two years probation. He reportedly appeared in court via video link, refused to disclose his exact location, but stated that he would appeal.
Previously, Wright initiated a £900 billion 'legal action' involving intellectual property. In March this year, a British judge ruled that Wright is not Satoshi Nakamoto. The Crypto Open Patent Alliance (COPA) first sued Wright in April, attempting to prevent him from claiming copyright over the Bitcoin white paper and database. During the trial, two key figures testified, including Adam Back, a pioneer of the Bitcoin proof-of-work consensus system.
Market
As of the time of publication, according to Coingecko data:
BTC recently traded at $97,467.82, with a daily change of -3.4%;
ETH recently traded at $3,405.34, with a daily change of -6.7%;
BNB recently traded at $664.30, with a daily change of -4.0%;
SOL recently traded at $193.06, with a daily change of -7.1%;
DOGE recently traded at 0.3116 yuan, with a daily change of -2.3%;
XPR recently traded at $2.24, with a daily change of -4.3%.
Policy
▌The team behind meme coin HAWK is being sued by investors for allegedly violating securities laws
A court document shows that the team behind the meme coin HAWK, related to influencer Haliey Welch or 'Hawk Tuah Girl', is being sued by investors for allegedly violating securities laws.
The lawsuit claims that HAWK's actions are similar to unregistered securities, attracting first-time cryptocurrency investors who subsequently suffered 'huge losses' after the token dropped. The 12 plaintiffs who invested in HAWK collectively suffered $151,000 in financial losses and filed a lawsuit seeking a jury trial. The complaint also alleges that a wallet controlled by the Tuah Foundation received $3 million from token trading fees.
▌German regulators ordered Worldcoin to delete biometric data from human eye scans
The Bavarian State Data Protection Authority ordered Worldcoin to delete biometric data collected from human eye scans. Worldcoin stated that it has changed its processes, and the findings of the German regulators largely pertain to outdated operations and technologies that have been replaced in 2024.
The Bavarian State Data Protection Authority concluded an investigation that began in April 2023, stating in a press release on Wednesday: Worldcoin is obligated to provide a deletion procedure compliant with GDPR (General Data Protection Regulation) within one month after the decision takes effect, and to delete certain previously collected data records without sufficient legal basis.
OpenAI CEO Sam Altman stated that measures have been taken in recent months to alleviate regulatory concerns, including moving to a Worldcoin system that no longer stores biometric data. To comply with GDPR requirements, the iris codes used to verify personal World IDs will no longer be stored, and previously collected iris codes will be voluntarily deleted, ensuring that no personal data used to operate World IDs is retained.
Blockchain applications
▌Dubai tokenization platform Allo receives $100 million Bitcoin-backed credit support
Dubai's tokenization platform Allo announced a $100 million credit line backed by Bitcoin, financed by Greengage and a 'long-standing U.S. institution'. This funding will be used to expand on-chain lending and physical asset tokenization services.
Cryptocurrency
▌Chainalysis: North Korean hackers stole $1.3 billion in cryptocurrency in 2024
Chainalysis reported on December 19 that North Korean hackers stole over $1.3 billion in cryptocurrency in 47 incidents that occurred in 2024, accounting for about 61% of all reported theft amounts that year.
Chainalysis stated: 'North Korea's crypto attacks seem to be becoming increasingly frequent', adding: 'Notably, the frequency of attacks in 2024 ranging from $50 million to $100 million and those exceeding $100 million is much higher than in 2023, indicating that North Korea is becoming better and faster at large-scale attacks. This stands in stark contrast to the previous two years when North Korean attacks were more frequent, each generating profits of less than $50 million.'
▌Trump family crypto project WLFI purchased 722.2 ETH at an average price of $3461 one hour ago
According to Arkham monitoring, an hour ago, the Trump family's crypto project WLFI spent 2.5 million USDC to purchase 722.2 ETH, with an average price of $3,461 per transaction.
▌Report: Coinbase Advanced trading volume increased by 191%, user numbers grew by 77%
According to a report from Investing.com, the cryptocurrency exchange Coinbase's platform for professional traders, Coinbase Advanced, experienced a surge in users and trading volume in 2024.
A report on December 19 stated that the platform's trading volume increased by 191%, mainly due to strong growth in derivatives trading, and the number of users grew by 77%. Coinbase Advanced targets experienced traders and charges users a fixed monthly fee in exchange for discounted trading costs, a wider range of order types, and analytical tools.
Coinbase revealed to Investing.com that derivatives experienced particularly rapid growth, with trading volume soaring approximately 10,950% in 2024.
▌The Eigen Foundation issued a grant of 1 million EIGEN tokens to AltLayer
According to the official announcement, the Eigen Foundation issued a grant of 1 million EIGEN tokens to AltLayer, which stated that it would directly use the tokens to give back to the community, with the first batch of 500,000 EIGEN tokens starting to be distributed to reALT holders and stakers this week. The remaining 500,000 EIGEN tokens will be distributed when the V2 reward mechanism of Eigen Layer goes live on its mainnet in 2025.
Key economic dynamics
▌The probability of the Federal Reserve maintaining interest rates in January next year is 91.4%
According to CME's 'FedWatch', the probability of the Federal Reserve maintaining interest rates in January next year is 91.4%, while the probability of a 25 basis point rate cut is 8.6%. By March next year, the probability of maintaining the current interest rates is 53%, the cumulative probability of a 25 basis point rate cut is 43.4%, and the cumulative probability of a 50 basis point rate cut is 3.6%.
▌The US Dollar Index rose 0.36% on the 19th
On the 19th, the U.S. Dollar Index, which measures the dollar against six major currencies, rose 0.36%, closing at 108.409 in the foreign exchange market. As of the closing of the New York foreign exchange market, 1 euro exchanged for 1.0362 dollars, down from 1.0376 dollars the previous trading day; 1 pound exchanged for 1.2505 dollars, down from 1.2593 dollars the previous trading day. 1 dollar exchanged for 157.43 yen, up from 154.66 yen the previous trading day; 1 dollar exchanged for 0.8983 Swiss francs, down from 0.9003 Swiss francs the previous trading day; 1 dollar exchanged for 1.4388 Canadian dollars, down from 1.4417 Canadian dollars the previous trading day; 1 dollar exchanged for 11.0322 Swedish krona, down from 11.1102 Swedish krona the previous trading day.
Jinse Encyclopedia
▌What is Rollup?
Rollup is a way to process transactions on Layer 2 protocols, freeing up valuable space on the base layer. Rollups fold transactions on the second layer one by one, sometimes folding dozens of times, then rolling them together and sending the data back to Layer 1. There are primarily two types of Rollups: optimistic and zero-knowledge (ZK) proofs. Optimistic Rollup is a fairly straightforward term. This means that Rollup operates on an 'optimistic' approach, assuming transactions are valid unless a validator proves otherwise. They only check the validity of transactions when there is a dispute. ZK Rollup proves transactions without revealing any transaction data. Therefore, it is called 'zero-knowledge'. ZK Rollup provides instant finality, as cryptographic proofs ensure the data's validity. In many ways, Rollup is to your standard blockchain transaction what a Calzone is to a regular slice of pizza. By rolling up, you can fit more in.
Disclaimer: Jinse Finance, as a blockchain information platform, publishes articles for informational reference only and does not constitute actual investment advice. Everyone should establish a correct investment concept and be sure to enhance risk awareness.
