Headline
▌OpenAI has discussed manufacturing a humanoid robot.
In the past year, OpenAI has rekindled interest in robotics: investing in startup companies developing robotic hardware and software, such as Figure and Physical Intelligence, and restarting an internal robotics software team that was disbanded four years ago. Now, OpenAI may elevate this interest to a new level. According to two individuals directly familiar with the discussions, the company has recently considered developing a humanoid robot. However, do not get overly excited; one informed individual indicated that any potential humanoid robot seems to be a lower priority for OpenAI compared to many of its other technologies and products, such as its acclaimed reasoning models and agents capable of automating various software engineering and analytical tasks. However, the fact that OpenAI is even considering developing humanoid robots highlights its growing ambition, aiming to venture into various fields ranging from search engines and web browsers to server chips and data center planning.
▌Data: Among the 25 listed mining companies, only 7 achieved positive returns by the end of 2024.
As of December 24, Bitcoin has risen 113% in 2024. However, according to the Hashrate Index and Google Finance data, most listed mining companies are experiencing a downward trend in stock prices by the end of 2024, with declines of up to 84%. Among the 25 listed mining companies in this index, only 7 have achieved positive returns.
As of the time of writing, Bitdeer (BTDR) is up 167%, Cipher (CIFR) is up 33%, Hut 8 (HUT) is up 91%, Iris Energy (IREN) is up 72%, Northern Data (NB2) is up 58%, Core Scientific (CORZQ) is up 327%, and TeraWulf (WULF) is up 169%.
On the other hand, Argo Blockchain (ARB) fell by 84%, followed by Sphere 3D (ANY) which fell by 69%, MARA Holdings (MARA) fell by 12%, Hive (HIVE) fell by 29%, Greenidge (GREE) fell by 74%, Bitfarms (BITF) fell by 44%, and BitFufu (FUFU) fell by 18% (to name a few).
Overall, 2024 is a year for Bitcoin mining companies to adapt to changes as they deal with issues of reward reduction and rising costs, seeking new sources of income to sustain operations.
Bitcoin miners have accumulated revenues exceeding $71 billion. According to Blockchain.com data, miners' revenue on December 22 was $42 million, while the peak in April exceeded $100 million.
Market
As of the time of writing, according to Coingecko data:
The recent transaction price of BTC is $98,534.17, with a daily fluctuation of +4.3%;
The recent transaction price of ETH is $3,487.23, with a daily fluctuation of +2.3%;
The recent transaction price of BNB is $696.82, with a daily fluctuation of +0.9%;
The recent transaction price of SOL is $196.78, with a daily fluctuation of +3.9%;
The recent transaction price of DOGE is 0.3359 yuan, with a daily fluctuation of +4.2%;
XPR's recent transaction price is $2.31, with a daily fluctuation of +2.8%.
Policy
▌The tax regulatory framework for cryptocurrencies has been upgraded in the US, UK, and EU, and investors need to be vigilant about key tax rates and compliance requirements.
The US, UK, and EU are strengthening tax regulations on cryptocurrencies, which have significant impacts on investors. In the US, cryptocurrencies are classified as digital assets subject to capital gains tax upon sale or trade, with rates depending on holding time and income level; mining and staking income are subject to income tax, and exchanges must report user data starting in 2025. In the UK, the sale or exchange of crypto assets is subject to capital gains tax, with rates up to 24% and an annual tax-free allowance of £3,000; mining income and crypto salary income are subject to income tax and national insurance. In the EU, tax rates vary by country; for instance, Germany exempts holdings longer than a year from tax, while Spain has a rate as high as 28%; the MiCA regulations, effective in 2025, will unify some rules and enhance tax transparency.
Blockchain Applications
▌Humanity Protocol: Has noticed the private key storage issue on the test network and will resolve it as soon as possible.
The blockchain identity authentication platform Humanity Protocol responded to Slow Fog founder Yuxian on X, thanking for the feedback regarding the issue of storing private keys directly in the browser on the test network, and has acknowledged this issue, promising to resolve it promptly and inform users.
In previous news, Slow Fog founder Yuxian posted on X, stating, "The Humanity Protocol project party directly stores the private key in the browser's sessionStorage, which is a low-level high-risk error. Fortunately, it is only a test network and has not caused any actual harm."
Cryptocurrency
▌Since November 5, the value of COIN shares held by Coinbase CEO has increased by nearly $2 billion.
Coinbase CEO Brian Armstrong sold company shares for several weeks following Donald Trump's election as president and the victory of pro-crypto legislators, totaling approximately $437 million. Due to the optimistic sentiment generated after the election results, the shares he sold increased in value by $129 million compared to pre-election estimates.
According to the latest SEC filings, Brian Armstrong still holds more than 10% of Coinbase, with approximately 24 million shares in his trust fund valued at about $6.4 billion, an increase of nearly $2 billion since November 5.
▌Murad: The number of users holding over $1,000 in PEPE ranks first among all Meme communities.
KOL Murad released a chart indicating that the number of holders with over $1,000 in holdings can serve as a useful indicator of the Memecoin community's belief; the more holders, the more active the community. Among them: the number of users holding over $1,000 in PEPE ranks first among all meme communities, with 77,145 users, accounting for 21.5% of the total PEPE community. The number of users holding over $1,000 in WIF ranks second with 24,147, followed by SPX6900, POPCAT, and MOG.
▌Greeks.live: Liquidity in the crypto market weakens during the Christmas holiday, and the pain point for Bitcoin options at $84,000 may become ineffective.
Analyst Adam from Greeks.live stated that although the markets in Europe and the US are entering the Christmas holiday break, the crypto market has seen a significant rise driven by Bitcoin. Due to poor market liquidity during the Christmas holiday until year-end settlement, the price volatility requires less momentum.
Regarding options, short-term implied volatility (IV) has decreased from the previous day, and market makers are nearing the end of their rollovers, expecting IV to remain stable until the end of the year. Currently, the largest pain point for Bitcoin options is at $84,000, and for Ethereum at $3,000; these annual maximum pain points may become ineffective as in previous years.
▌Data: The number of wallet addresses holding 10-1,000 BTC has reached 150.13 million.
Santiment posted on X, stating, "As we enter Christmas, Bitcoin and altcoins are recovering well. Bitcoin has rebounded to a high of $99,000, and traders are hoping for a $100,000 Christmas gift. Here are the number of BTC wallets categorized by size:
0-0.1 BTC wallets: 50.17 million
0.1-10 BTC wallets: 4.31 million
10-1,000 BTC wallets: 150.13 million
1,000+ BTC wallets: 2,050
Especially in the latter two groups, as long as their numbers rise and continue to accumulate, a bull market is very likely to continue, just as they have throughout 2024.
▌Glassnode: Solana has maintained positive net capital inflow since early September 2023.
Glassnode posted on X, stating: "We have observed that since early September 2023, Solana has maintained a positive net capital inflow with only a small outflow during this period. This sustained liquidity inflow has helped stimulate Solana's growth and price increase, reaching a significant peak of $776 million in new capital inflow daily."
Important 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%. The probability of maintaining the current rate until March next year is 52.1%, while the cumulative probability of cutting rates by 25 basis points is 44.2%, and by 50 basis points is 3.7%.
▌Onshore RMB against the US dollar rose by 24 points from Monday's night session.
Onshore RMB against the US dollar (CNY) closed at 7.2946 yuan at 03:00 Beijing time, an increase of 24 points from Monday's night session.
▌The dollar index rose by 0.15% on December 24.
The dollar index, which measures the dollar against six major currencies, rose by 0.15% that day, closing at 108.200 in the foreign exchange market. As of the close of the New York foreign exchange market, 1 euro was exchanged for 1.0394 dollars, down from the previous trading day's 1.0412 dollars; 1 pound was exchanged for 1.2532 dollars, down from the previous trading day's 1.2535 dollars; 1 dollar was exchanged for 157.32 yen, up from the previous trading day's 157.10 yen; 1 dollar was exchanged for 0.9006 Swiss francs, up from the previous trading day's 0.8985 Swiss francs; 1 dollar was exchanged for 1.4367 Canadian dollars, down from the previous trading day's 1.4372 Canadian dollars; 1 dollar was exchanged for 11.0923 Swedish krona, up from the previous trading day's 11.0322 Swedish krona.
Golden Encyclopedia
▌What is Ripple Labs' RLUSD stablecoin?
RLUSD is a stablecoin developed by Ripple Labs, the organization behind the XRP cryptocurrency. RLUSD, or Ripple Labs USD, aims to provide a stable digital currency for transactions and trading. As a stablecoin pegged to the US dollar, 1 RLUSD equals 1 dollar. Each RLUSD maintains a 1:1 peg. These collateral assets are either dollar deposits or cash equivalents.
Disclaimer: Golden Finance, as a blockchain information platform, provides articles for informational reference only and does not serve as actual investment advice. Please establish the correct investment philosophy and enhance risk awareness.
