Market data shows that BTC has fallen below $96,000, currently reported at $95,963.33, with a 24-hour decline of 0.94%. The market is volatile, please manage risk carefully.
▌Federal Reserve's Goolsbee: The inflation rate is still expected to reach 2%
Federal Reserve's Goolsbee stated that the inflation rate is still expected to reach 2%, and today's data shows that the recent rise in inflation is just a 'bump.' He also indicated that his prediction is that the interest rate path in 2025 will be slightly lower. In the next 12 to 18 months, interest rates may decline significantly. Market trends
As of the time of publication, according to Coingecko data:
The recent trading price of BTC is $97,368.45, with a daily fluctuation of +0.3%;
The recent trading price of ETH is $3,468.03, with a daily fluctuation of +1.4%;
The recent trading price of BNB is $682.60, with a daily fluctuation of +2.2%;
The recent trading price of SOL is $195.01, with a daily fluctuation of -0.2%;
The recent trading price of DOGE is 0.3276 yuan, with a daily fluctuation of +3.4%;
The recent trading price of XPR is $2.27, with a daily fluctuation of -1.3%.
Policy
▌U.S. Republicans have launched Plan C to avoid a government shutdown
U.S. House Republicans are looking for ways to avoid a government shutdown, as their second funding proposal was rejected on Thursday night. There are only a few hours left before the Friday deadline. House Speaker Johnson stated earlier on Friday that Republicans have reached a Plan C to avoid a government shutdown and plan to vote soon. Senate Republicans were disappointed by the failure of two proposals in the House to fund the government through Christmas, calling it a 'chaotic farce' and a 'disastrous defeat.' Incoming Senate Majority Leader John Thune (Republican) stated as he left the Capitol, 'I think everything is back to square one.'
▌Japan's Liberal Democratic Party promotes cryptocurrency tax reform, proposing a separate tax of 20%
On December 20, news reported by Coinpost stated that Japan's Liberal Democratic Party's Digital Society Promotion Headquarters Web3 Working Group, led by member Akihisa Shiozaki, reported that the LDP's Administrative Investigation Committee officially approved an emergency proposal on the 19th regarding the conversion of cryptocurrency assets into beneficial assets for the national economy. The report pointed out that under the current tax system, income generated from cryptocurrency transactions is classified as miscellaneous income and is subject to comprehensive taxation at a maximum rate of 55% (combined income tax and resident tax), which is harsher than in other countries. Given these points, and whether cryptocurrency assets should be considered financial assets for public investment, the following points should be considered: Change the treatment of gains and losses from cryptocurrency transactions to implement a 'separated declaration tax' system at a 20% tax rate. Allow losses from cryptocurrency income to be carried forward (usable within the next three years). The same 'separated declaration tax' system applies to cryptocurrency derivatives trading.
Blockchain Applications
▌Saga will launch Vaults 2.0 in 2025
On December 20, news broke that the modular blockchain Saga announced via Twitter that it will launch Vaults 2.0 in 2025. Vaults 2.0 will provide features for unstaking and re-staking; introduce new LP rewards for staking and providing liquidity on Saga Uniswap to maximize returns; wallet staking and LPing bonuses. LPing rewards will be based on the fees generated, the liquidity provided, and the tokens held.
▌Mantle Network will launch ZK Validity Rollup through Succinct SP1
On December 20, news broke that the modular L2 network Mantle announced a partnership with ZK proof startup Succinct to launch a ZK Validity Rollup testnet in Q1 2025 through Succinct SP1, marking Mantle's transition from the current Optimistic Rollup model to the ZK Validity Rollup model. Mantle stated, 'Through ZK Validity Rollup, we can reduce finality time from 7 days to 1 hour, making the Mantle Network economically closer to Ethereum L1, thus achieving better exchange market price differentials, lower slippage, and better money markets.'
Cryptocurrency
▌Trump's crypto project WLFI increases holdings by 759 ETH
According to ARKM monitoring, Trump's crypto project WLFI spent 2.5 million USDC to exchange for 759 ETH 6 minutes ago.
▌French regulators authorize BPCE subsidiary to engage in cryptocurrency business. The French financial market regulator Autorité des Marchés Financiers (AMF) has approved French bank BPCE to conduct cryptocurrency business. According to the official notice released by AMF on December 20, BPCE's cryptocurrency subsidiary Hexarq has been authorized as a cryptocurrency asset service provider (CASP). Upon approval, Hexarq is officially authorized to provide a range of crypto services, including cryptocurrency custody and buying, selling, and trading cryptocurrencies against euros. Digital bank and blockchain platform Metallicus acquires Bonifii, connecting over 70 credit unions to the Metal blockchain. Digital bank and blockchain platform Metallicus has announced the acquisition of financial technology service company Bonifii, a credit union service organization (CUSO) connected to 70 credit unions. This acquisition brings Metallicus's total number of credit union partners to over 80, with more than 16 already utilizing Metal blockchain technology. Before the acquisition, Bonifii raised about $20 million in several rounds of early investment and seed funding. Details on Metallicus's financial condition do not appear to be publicly available, with CoinMarketCap reporting that the market capitalization of the Metal blockchain is $13.65 million.
Important Economic Dynamics
▌The three major U.S. stock indices opened lower, and cryptocurrency concept stocks fell collectively
The three major U.S. stock indices opened lower, with the Dow down 0.36%, the Nasdaq down 0.94%, and the S&P 500 down 0.57%. Cryptocurrencies plummeted, and related concept stocks fell collectively. Coinbase, Bit Digital, and Canaan Creative dropped over 3%, and MicroStrategy fell over 2%.
▌Today's Fear and Greed Index has dropped to 73, still rated as Greed
Today's Fear and Greed Index has dropped to 73, still rated as Greed. Note: The Fear Index threshold is 0-100, including indicators: Volatility (25%) + Market Trading Volume (25%) + Social Media Heat (15%) + Market Surveys (15%) + Bitcoin's Proportion in the Market (10%) + Google Trends Analysis (10%).
Golden Encyclopedia
▌What is Rollup?
Rollup is a method of processing transactions on a Layer 2 protocol that can free up valuable space on the base layer. Rollup folds transactions one by one on the second layer, sometimes folding dozens of times, then rolls them together and sends the data back to Layer 1. There are mainly two types of Rollup: optimistic and zero-knowledge (ZK) proofs. Optimistic Rollup is a fairly straightforward term. It means that Rollup operates with an 'optimistic' approach, assuming transactions are valid unless a validator proves otherwise. They only check the validity of the 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 because cryptographic proofs guarantee data validity. In many ways, Rollup is to your standard blockchain transaction what Calzone is to regular pizza slices. By rolling, you can fit more in.
The content of the published article is for informational reference only and does not constitute actual investment advice. Everyone should establish a correct investment philosophy and must enhance risk awareness.