Foreign media: Trump campaign adviser says four countries have approved strategic Bitcoin reserve plans
According to Bitcoin.com, David Bailey, CEO of BTC Inc. and Trump campaign adviser, revealed that four countries have approved strategic Bitcoin reserve plans, but did not disclose the specific content of these measures or the names of the countries involved.
Bailey hinted that a group of Bitcoin holders might be organized in the future, similar to today’s traditional international organizations, such as the Group of Seven (G7). Bailey stressed that Bitcoin’s scarcity and global demand will drive competition among countries to acquire Bitcoin.
Although no country has officially announced related measures, the United States and Brazil have begun to promote relevant regulations to lay the legal foundation for strategic Bitcoin reserves.
Trump's second son: Bitcoin is a better investment than real estate, and those who embrace cryptocurrency early will succeed
According to Mars Finance, Eric Trump, the second son of Trump, answered the question "Why Bitcoin is a better investment than real estate" in a backstage interview at the "Bitcoin Middle East and North Africa Conference" in Abu Dhabi. "The Trump family made their fortune in real estate. This is a business we love, and we understand real estate better than anyone. But if you want to talk about the advantages of Bitcoin over real estate, I think the biggest advantage is that it can be converted into cash immediately, and yes, this is the advantage of cryptocurrency. If I want to build a hotel, it may take five years, and if I want to sell the hotel, it may take two years. Real estate lacks liquidity. If London happens to be a better market, it would be difficult to move Trump Tower to London. Investing in Bitcoin has no bankers, no lawyers, no title companies, no middlemen, no fire risks, no risks of floods, tornadoes or hurricanes, which is a beautiful thing. I think investing in cryptocurrency is investing in the future, and I once again firmly believe that those who embrace it early will succeed. Those who don't will fall behind."
South Korea postpones crypto tax until 2027
According to market sources, the South Korean government will postpone its crypto tax until 2027 to give the industry more time to adapt.
Incoming committee chairman French Hill plans to prioritize digital asset legislation in the new year
According to Mars Finance, French Hill, the newly elected chairman of the House Financial Services Committee, will make the formulation of digital asset rules a top priority in 2025. Republicans hope to develop a regulatory framework within the first 100 days of President-elect Donald Trump's term.
French Hill, who currently chairs the committee's digital assets task force, was elected chairman of the House Financial Services Committee on Thursday. French Hill has been working to push for the passage of cryptocurrency bills, including a stablecoin regulation bill and another bill targeting market structure. He has also criticized SEC Chairman Gary Gensler's approach to the cryptocurrency space.
“We need a market structure for digital assets,” Hill said in an interview Friday morning. “We don’t have clear rules. Under Chairman Gensler, we’ve just been regulating through enforcement. That’s not helping America succeed, and it’s not promoting technological advancement and innovation in Web3, and it’s not driving the use of blockchain in public companies and financial services.”
Vancouver Passes Bitcoin Friendly City Bill, Will Explore Bitcoin Application in Municipal Finance
Mars Finance reported that on December 12, the Vancouver City Council of Canada passed the "Bitcoin Friendly City" motion to explore the application of Bitcoin in municipal finance. In an interview before the council vote, Vancouver Mayor Ken Sim said that although the idea had been brewing for a long time, the public was not ready before. Now, affected by the changes in the political situation in the United States, many countries and regions have begun to pay attention to cryptocurrency policies, and Vancouver hopes to seize the opportunity in this trend.
Microsoft Shareholders Vote Against Bitcoin Investment Proposal
According to Mars Finance, Microsoft's major shareholders voted against the company's Bitcoin investment proposal on Tuesday. Previously, Microsoft's board of directors urged shareholders to reject a proposal from the National Center for Public Policy Research that Microsoft invest 1% of its total assets in Bitcoin to hedge against inflation.
At the annual shareholders meeting, MicroStrategy founder Michael Saylor gave a three-minute speech trying to convince Microsoft shareholders to support the proposal. But the final vote showed that shareholders failed to accept the proposal. Currently, Microsoft's largest shareholders are major institutional investors such as Vanguard and BlackRock.
Binance has removed the Inscription Market, and users can no longer buy and sell Inscription assets
According to Mars Finance, Binance customer support responded to user inquiries on the X platform and said that the inscription market on the Binance platform has been removed and users can no longer buy and sell inscription assets. However, users can still view related assets through Binance's inscription center and transfer them to other wallets. Users can click "View More"-"Inscription" on the Web3 page to manage assets.
DEXX: The payment entry has been opened in the latest version of the APP
According to Mars Finance, DEXX announced on the X platform that the latest version of the app has opened the compensation entrance. After upgrading to the latest version, users can find the "Compensation Center" in their personal page to confirm the damaged tokens. If you have any questions about the data, you can contact the online customer service in the App, and DEXX will record it and manually check and update it. In addition, DEXX has added a red risk wallet logo as a reminder. Mobile users need to wait for the App Store to review and download the latest version.
Huabao Fund suspends subscription and fixed investment of its indirect investment in overseas cryptocurrency asset funds
According to Mars Finance, Huabao Fund Management Co., Ltd. issued an announcement announcing that the subscription and regular fixed-amount investment business of Huabao Overseas Technology Equity Securities Investment Fund (QDII-LOF) will be suspended. Other businesses will continue to be handled normally. The date for resuming the subscription and regular fixed-amount investment business of this fund will be announced separately. Investors' subscription and regular fixed-amount investment business applications submitted after 15:00 on December 12, 2024 will be deemed as applications submitted on the next working day and will not be confirmed. The funds that cannot be confirmed will be returned to the fund settlement account designated by the investor.
Earlier news, funds issued by Huabao Fund and indirectly invested in overseas cryptocurrency assets were sold on multiple platforms such as Ant Fortune and China Merchants Bank. According to Huabao Overseas Technology C's third quarter report this year, five of the top ten funds with the highest fair value at the end of the reporting period were index funds managed by Ark Investment Management under "Wood Sister" Cathie Wood, accounting for a total of 73.12%. It is reported that the product is sold on multiple distribution platforms such as Ant Fortune, Wealth Management, Tiantian Fund, China Merchants Bank, and Snowball Fund, but from December 11, both Class A and Class C shares have suspended large-scale subscriptions, with a daily limit of RMB 1,000 per person.
Three men born after 1995 used virtual currency to exchange foreign currency in disguise and were sentenced by the court for illegal business operations
According to Mars Finance, the Jianhu County Procuratorate of Jiangsu Province recently reported a case of using virtual currency to exchange foreign exchange in disguise. Three men born after 1995 used virtual currency transactions as a medium to engage in foreign exchange trading activities, completing more than 650 transactions in a few months and exchanging nearly 30 million yuan in foreign exchange. After the Jianhu County Procuratorate filed a public prosecution, Lin and three others were sentenced to fixed-term imprisonment ranging from five years to one year and six months for the crime of illegal business operations, and fined.
It is reported that Lin cooperated with a Nigerian national, used Naira to purchase Tether (USDT) through Binance Exchange, and then sold it to domestic currency dealers in exchange for RMB, and transferred the money to a bank account in China provided by the Nigerian national. Lin determined the purchase price by 5% below the listing price, and then sold it to domestic currency dealers at the listing price to earn the difference.
The prosecutor said that Lin and others used virtual currency as a medium to provide cross-border exchange and payment services to earn exchange rate differences, circumventing national foreign exchange supervision, disrupting the order of the financial market, and seriously affecting the effectiveness of foreign exchange management and the stability of legal exchange rates. Therefore, they will be held criminally responsible for illegal business operations in accordance with the law.
South Korean cryptocurrency film Crypto Man set for 2025, based on $34.9 billion cryptocurrency crash
According to Mars Finance, the cryptocurrency-themed movie (Crypto Man) directed by Korean director Hyun Hae-ri will be released on January 15, 2025. The film is adapted from a real cryptocurrency crash that caused a loss of more than 50 trillion won (about 34.9 billion US dollars) and starred by the late actor Song Jae-lin.
The film tells the story of the protagonist Yang Daoxian (Song Jae-lin) who successfully became rich by issuing the cryptocurrency MOMMY with his friends after several failed business ventures, but got into trouble due to regulatory review. It is reported that after strict legal consultation, the film will show the current life of young Koreans who "speculate in stocks during the day and trade cryptocurrencies at night" in a black humorous form.
Data shows that as of the end of 2023, there are 3,759 cryptocurrency multimillionaires in South Korea, with investors in their 20s holding an average of $3.65 million in digital assets.
A Panorama of AI Agent Development: Evolution from MEME to Utility
The AI agent model "Truth of Terminal" triggered a wave of integration between AI and Meme culture, giving birth to the Meme coin GOAT. Created by New Zealand developer Andy Ayrey based on the Llama-70B model, the model explored the potential of language through unsupervised conversations and accidentally proposed the concept of "GOATSE", which quickly attracted attention in the crypto community. The market value of GOAT coins soared in a short period of time, demonstrating the huge potential of the combination of Meme culture and technology. As a result, the AI MEME track has developed rapidly, with diverse and complex projects, promoting the deep integration of AI technology and culture.
Traders must read: 6 major position building strategies to win the altcoin season
This article analyzes the cyclical laws of the altcoin market, pointing out that we are currently in the stage after Bitcoin broke through its all-time high, and funds began to flow into large-cap altcoins and gradually flowed into small and medium-cap altcoins. The author recommends that investors build positions in batches when the market fluctuates or pulls back, avoid using leveraged trading, and develop a clear investment plan to control risks. The article also emphasizes the market pullback that may be experienced before the arrival of the altcoin season, and provides several altcoins worth paying attention to, such as SOL, BLUR, MEME, etc., and recommends gradually adding positions when the price structure breaks through.
With four negative factors stacking up, is it time to sell off? What do you think of the market outlook?
Recently, the price of Bitcoin has fallen below $94,000 twice, causing market concerns. The main negative factors include the progress of quantum computing, Microsoft shareholders' opposition to Bitcoin allocation, the panic caused by the new (anti-money laundering law), and the risk aversion caused by the US CPI data. However, the market has a strong ability to digest these negative news, and there may be fluctuations in the short term, but in the long run, Bitcoin is still in the middle of a bull market and the market is still optimistic. The Christmas and Spring Festival market may increase volatility, but the overall trend is positive.
Google's quantum computer Willow is released: Will Bitcoin private keys be cracked?
Google's release of the quantum supercomputer Willow has raised concerns about the security of Bitcoin and cryptocurrencies. Although quantum computing may threaten existing encryption algorithms such as SHA-256 and ECDSA, current quantum computing technology is not yet sufficient to crack these algorithms. Willow demonstrates the potential of quantum computing, but it still requires millions of qubits and extremely low error rates to truly threaten encryption security. The encryption industry has time to develop quantum-resistant algorithms to meet future challenges.
Comparison of Binance and Coinbase’s coin listing strategies: Which meme coin may be listed on Coinbase next?
Meme coins have risen rapidly in the cryptocurrency market in recent years. Despite the lack of technical support, they have attracted the attention of a large number of investors and exchanges with their strong community effect and market sentiment. As major exchanges, Binance and Coinbase have adopted different strategies: Binance occupies the market through rapid listing and liquidity guidance, while Coinbase focuses on compliance and user education. The continued development of the meme coin market shows its importance in the crypto ecosystem, and more such coins may be listed on major exchanges in the future.
