Headline
▌Texas Congressman calls for the establishment of Bitcoin reserves.
Texas Congressman Giovanni Capriglione proposed a bill in December calling for the 'Lone Star State' to establish Bitcoin reserves. The bill draft stipulates that Texas must hold Bitcoin for at least five years. According to the bill, cryptocurrencies must be stored in a cold wallet, meaning stored on a device not connected to the internet, and these assets cannot be used for transactions outside of Texas.
▌Interpol is seeking the arrest of Hex founder Richard Heart on charges of tax evasion in the hundreds of millions of euros and assault.
Interpol has issued a 'Red Notice' on behalf of Finland to its member countries for the arrest of Richard James Schueler, the founder of Hex and PulseChain, who is commonly referred to as Richard Heart by cryptocurrency investors. A Red Notice is a formal alert to Interpol member countries, notifying them that a valid national arrest warrant has been issued for an individual. If the wanted person is detained in another country, this notice typically triggers extradition procedures. The European law enforcement agency, Europol, indicates that Finland has issued an arrest warrant for Schueler on charges of tax evasion 'in the hundreds of millions of euros' and allegedly assaulting a 16-year-old girl. The site states: 'Schueler has failed to submit corporate tax returns for years and has not filled in income information on pre-filled personal tax returns... the total amount of tax evasion reached hundreds of millions of euros.' The site also describes Schueler's assault allegations, claiming he assaulted a 16-year-old girl.
Market Trends
As of the time of writing, according to Coingecko data:
BTC's recent transaction price is $97,188.00, with a daily fluctuation of -0.1%;
ETH's recent transaction price is $3,358.39, with a daily fluctuation of -3.0%;
BNB's recent transaction price is $665.26, with a daily fluctuation of -2.6%;
SOL's recent transaction price is $182.55, with a daily fluctuation of -6.5%;
DOGE's recent transaction price is 0.319 yuan, with a daily fluctuation of -1.6%;
XPR's recent transaction price is $2.24, with a daily fluctuation of -1.4%.
Policy
▌The French Financial Markets Authority has approved HEXARQ SAS to provide trading services and cryptocurrency custody.
The French financial market regulator Autorité des Marchés Financiers (AMF) has approved HEXARQ SAS to provide trading services and cryptocurrency custody.
▌El Salvador plans to increase BTC purchases, with a medium-term goal of acquiring 20,000 BTC.
Salvador's senior Bitcoin advisor Max Keiser stated, 'President Bukele has increased the daily Bitcoin purchase amount, with a medium-term goal of buying another 20,000 Bitcoins.'
▌UAE's Ministry of Interior and FSRA collaborate to combat crimes related to virtual assets
The Ministry of Interior of the United Arab Emirates (UAE) has signed a memorandum of understanding with the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) to enhance coordination in combating crimes related to virtual assets. The agreement requires both parties to share information and strengthen risk mitigation frameworks. Reportedly, the agreement also aims to support the UAE's strategy to protect its financial system from the evolving threats in the digital asset space.
▌Informed sources: The U.S. plans to blacklist AI company Sophgo affiliated with Bitmain.
An informed source revealed that the Biden administration plans to blacklist the AI company Sophgo, affiliated with Bitmain, due to the illegal incorporation of the company's TSMC-manufactured chips into Huawei's AI processors.
Blockchain Applications
▌ai16z Founder: Aethir is providing free GPU computing power for Eliza proxy developers
ai16z founder Shawn posted on platform X, stating, 'The decentralized computing network @AethirCloud is providing free GPU computing power for Eliza proxy developers. Developers with related needs can apply.'
Cryptocurrency
▌Bitcoin mining company Hut 8 has purchased 990 bitcoins for approximately $100 million.
Bitcoin mining company Hut 8 has purchased 990 bitcoins (BTC) for approximately $100 million.
▌An American YouTuber discovered that the Taliban frequently trades Meme coins and is subjected to rug pulls.
An American YouTuber discovered that the Taliban frequently trades Meme coins and is subjected to rug pulls.
▌In the past week, NFT trading volume reached $304 million, with Ethereum NFT accounting for 66%.
CryptoSlam data shows that NFT sales reached $304 million in the past week, with a month-on-month increase of over 35%. Among them, Ethereum NFT sales increased by 76% month-on-month, reaching $201 million, accounting for 66% of all NFT sales in the past seven days. In comparison, Bitcoin NFT sales were $40 million, and Solana NFT sales were $29 million. The weekly sales of Mythos Chain, Immutable, Polygon, and BNB Chain totaled $25.9 million.
▌Report: There have been a total of 165 security incidents in the Web3 space in 2024, with losses exceeding $2.3 billion.
According to a report by Cyvers summarizing key security trends in 2024, there has been a sharp increase in Web3 network threats this year, with losses exceeding $2.3 billion and a total of 165 security incidents. Although the loss amount is 40% higher than in 2023 ($1.69 billion), it is still $1.42 billion lower than the total loss in 2022 ($3.78 billion). Notably, $1.3 billion of stolen funds have been recovered this year. Cyvers stated that incidents related to access control (67 cases) accounted for 81% of the $2.3 billion loss, while approximately 98 incidents of smart contract vulnerabilities led to a total loss of $456.3 million, and one address poisoning incident resulted in over $68 million in losses. When analyzing losses by attack vector over the past three years, data shows that losses related to access control violations gradually increased from $769 million in 2022 to $1.9 billion by the end of 2024. In contrast, losses related to code vulnerabilities in 2023 and 2024 were far lower than the approximately $3 billion in losses in 2022.
Important Economic Dynamics
▌UBS: The outlook for U.S. stocks remains optimistic, with the S&P 500 index expected to reach 6,600 points by the end of next year.
UBS stated in a research report that the outlook for the U.S. stock market remains optimistic against the backdrop of a strong U.S. economy, optimistic about artificial intelligence, and future growth-promoting policies in the U.S. We expect the S&P 500 index to reach 6,600 points by the end of 2025. Investors may consider using structured strategies to cope with volatility. We believe that in the context of geopolitical tensions, gold remains an effective hedging tool for investment portfolios. (Jinshi)
▌Biden signs emergency funding bill to prevent U.S. government 'shutdown.'
According to Caixin News, U.S. President Biden has signed an emergency funding bill to prevent a government 'shutdown.' This latest bill will continue to provide operational funds for the U.S. government until March next year, avoiding a 'shutdown' after midnight on the 21st Eastern Time.
Golden 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 one by one on the second layer, 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 relatively clear term. It means that the Rollup operates on an 'optimistic' approach, assuming transactions are valid unless a validator proves them wrong. They only check the validity of transactions in the event of a dispute. ZK Rollup proves transactions without revealing any transaction data, hence the name 'zero-knowledge.' ZK Rollup provides instant finality as cryptographic proofs guarantee data validity. In many ways, Rollup is to your standard blockchain transaction what a Calzone is to a regular pizza slice. By rolling up, you can fit more in.
Disclaimer: As a blockchain news platform, Golden Finance's published articles are for informational reference only and should not be considered actual investment advice. Please establish correct investment concepts and improve risk awareness.
