Headlines
▌USDC Treasury has again issued 50 million USDC
According to Whale Alert monitoring, USDC Treasury has again issued 50 million USDC on the Ethereum network 2 minutes ago.
▌BlackRock doubles down on investment in IBIT through its global allocation fund
Documents submitted by BlackRock to the U.S. Securities and Exchange Commission (SEC) show that as of October 31, its global allocation fund holds 430,770 shares of the Bitcoin spot ETF IBIT, with a total value exceeding $17 million. This number is a 117% increase from the 198,874 shares reported on July 31, as noted by a user named MacroScope on platform X. Additionally, the current reported number of IBIT shares is more than ten times higher than the 43,000 shares registered in the first quarter.
The global allocation fund is a diversified investment product from BlackRock, covering stocks, bonds, and short-term securities such as money market securities in both U.S. and foreign markets, with its portfolio adjusted regularly. Although BlackRock has doubled its investment in its Bitcoin products, IBIT shares account for only 0.1% of the global allocation fund's total size of $16.5 billion.
Market
As of the time of publication, according to Coingecko data:
BTC's recent transaction price is $95,670.29, with a daily fluctuation of -3.7%;
ETH's recent transaction price is $3,329.83, with a daily fluctuation of -4.7%;
BNB's recent transaction price is $687.62, with a daily fluctuation of -2.1%;
SOL's recent transaction price is $188.29, with a daily fluctuation of -4.6%;
DOGE's recent transaction price is 0.3121 yuan, with a daily fluctuation of -6.6%;
XPR's recent transaction price is $2.15, with a daily fluctuation of -6.2%.
Policy
▌Strive Asset Management applies to the SEC for a Bitcoin bond ETF
Vivek Ramaswamy's Strive Asset Management has applied to the U.S. Securities and Exchange Commission (SEC) for a Bitcoin bond ETF.
▌Bitwise has submitted an application for a Bitcoin Standard Company ETF to the U.S. SEC
Bitwise has submitted an application for a Bitcoin Standard Company ETF to the U.S. Securities and Exchange Commission (SEC). The fund aims to provide risk exposure to companies that adopt the #Bitcoin Standard and have at least $1,000 BTC in their financials.
▌Two former FTX cryptocurrency exchange executives have received reduced sentences
According to The Washington Post, the prison sentences of two former FTX cryptocurrency exchange executives appear to have been reduced. According to information from the Federal Bureau of Prisons website, Ryan Salame began serving his sentence in October, which is 7.5 years, and is now expected to be released in March 2031. Caroline Ellison's current expected release date is July 2026, which is a few months less than her original two-year sentence. FTX filed for bankruptcy in 2022 due to questions about its financial condition and its relationship with sister trading firm Alameda Research, which led to customers rapidly withdrawing funds, similar to a bank run. Authorities later accused FTX of misappropriating customer funds for personal use, including repaying loans owed to Alameda Research and other projects. This scandal resulted in a stunning debacle for FTX, which was once the third-largest cryptocurrency exchange in the world, and its founder Sam Bankman-Fried (SBF). Salame, the former co-CEO of FTX's Bahamas subsidiary, admitted to operating an unlicensed remittance business in violation of campaign finance laws. Ellison, the former CEO of Alameda, pleaded guilty in December 2022 to charges of telecommunications, securities, and commodities fraud, as well as money laundering.
▌Cryptocurrency fraud causes annual financial fraud losses of 500 million euros in France
The French Financial Markets Authority (AMF) reports that cryptocurrency-related fraud is a major cause of annual losses of approximately 500 million euros for victims. French authorities are working with the Paris Prosecutor's Office, the Audit and Resolution Regulatory Authority (ACPR), and the Directorate General for Consumer Affairs and Fraud Control (DGCCRF) to intensify efforts to combat these frauds. Data shows that men under 35 are particularly vulnerable. They are overly eager for quick returns and lack confidence in their investment knowledge. Scammers exploit social media platforms, promising unrealistic returns and taking advantage of this demographic.
Blockchain Applications
▌Kyber Network: KyberSwap is expanding to Sonic, with the aggregator and limit orders deployed
Kyber Network announced on platform X that KyberSwap is expanding to Sonic, and the KyberSwap aggregator and limit orders have now been deployed.
Cryptocurrency
▌Wintermute: Corporations emulating MicroStrategy by adding Bitcoin to their balance sheets may become a trend in 2025
An analyst from market-making firm Wintermute stated that corporations using their equity to emulate MicroStrategy's approach by adding Bitcoin to their balance sheets may become a major trend in 2025.
Wintermute OTC trader Jake Ostrovskis stated: 'I think next year corporations and publicly listed companies trying to gain exposure will become a significant driving force. You will likely see small and medium-sized enterprises joining in as well.'
Ostrovskis also predicts that some companies will follow MicroStrategy's strategy for ETH. He said: 'It may just be a matter of time until someone does the same thing and turns themselves into an investment tool like Ethereum, at which point you become MicroStrategy in that space.'
▌CryptoQuant analyst: Bitcoin investors holding for 6-12 months have been the most active sellers recently
CryptoQuant analyst Yonsei stated that the Spent Output Age Bands (SOAB) indicator shows that long-term holders (LTHs) locked in significant profits during the bull market from November to December 2024. Investors holding for 6 to 12 months have been the most active sellers recently; these investors bought Bitcoin around the time the spot ETF was launched at the beginning of the year, and their selling activity has put some downward pressure on Bitcoin prices. However, strong demand has kept Bitcoin prices in the range of $90,000 to $100,000. At the same time, investors holding for more than a year have sold less during this period, and the Binary CDD indicator shows that the sale of old coins in December was lower than in November, indicating that most long-term holders may still expect further price increases.
▌The TVL of the Base network has grown to over $3.5 billion
According to data from The Block, the TVL of the Base network has grown to over $3.5 billion. Furthermore, Base's transaction volume has maintained strong momentum throughout the fourth quarter, processing over 8 million transactions per day. Since March, the network has experienced steady growth, with daily transactions increasing from about 500,000 to over 7.5 million in December.
▌Yesterday, GBTC had a net outflow of $24.2 million, while ETH had a net inflow of $6 million
According to monitoring data from Farside Investors, the funding data for the U.S. spot Bitcoin ETF and spot Ethereum ETF yesterday (December 26) is as follows:
Spot Bitcoin ETF: GBTC net outflow of $24.2 million, BITB net outflow of $8.3 million, BTC net inflow of $7.2 million;
Spot Ethereum ETF: ETH net inflow of $6 million, ETHW and ETHE have no inflows or outflows.
Important Economic Dynamics
▌Analyst: The S&P 500 index may set new highs above 6100 points
Investment firm BTIG analyst Jonathan Krinsky: U.S. stocks may continue to rise before the end of the year, pushing the S&P 500 index to new highs above 6100 points. However, looking ahead to January, market volatility will reemerge. If the S&P 500 index indeed sets a new high, there will be a significant divergence in breadth and momentum, which serves as another warning sign as we enter January.
▌The probability that the Federal Reserve will maintain interest rates in January next year is 87.2%
According to CME 'Fed Watch', the probability that the Federal Reserve will maintain interest rates in January next year is 87.2%, while the probability of a 25 basis point rate cut is 12.8%. The probability of maintaining the current rate unchanged by March next year is 50.6%, the cumulative probability of a 25 basis point rate cut is 44.1%, and the cumulative probability of a 50 basis point rate cut is 5.4%.
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 U.S. dollar, 1 RLUSD is equivalent to 1 USD. Each RLUSD maintains a 1:1 peg. The collateral assets are either U.S. dollar deposits or cash equivalents.
Disclaimer: As a blockchain information platform, Golden Finance's published articles are for informational reference only and do not constitute actual investment advice. Please establish the correct investment philosophy and enhance risk awareness.
