The MultiversX Foundation announces the launch of a $1.5 million annual grant program 'Growth Games', aimed at supporting innovation in key verticals such as DeFi, AI infrastructure, and education within the crypto industry, which includes an annual allocation of $500,000 to support more than 5 innovative projects through xLaunchpad and joint incubation programs.

The draft regulations for the supervision of stablecoin issuers have been submitted to the Hong Kong Legislative Council for review this week. Legislative Council member and chairman of the Web3 and Virtual Assets Development Subcommittee, Wu Jiezhuang, pointed out that stablecoins are part of the infrastructure for virtual assets. In addition to being used for investment, they can also facilitate cross-border payments and are an important tool for citizens to engage with virtual assets. However, the current regulatory direction suggests that issuers should entrust their reserve assets to Hong Kong banks for custody, which may not comply with the local regulations of some coin merchants. Efforts will be intensified to communicate with the government and the industry to seek a compromise solution, such as formulating contracts or bills for mutual recognition between the two regions, while also not requiring that the assets exist in Hong Kong.

December 21 news, blind computing network Nillion announced on X that it will launch its mainnet in February next year.

According to on-chain analyst @ai_9684xtpa, a whale that previously made a profit of 6.24 million dollars from PEPE has once again purchased 4.24 million dollars worth of PEPE, and is currently up 307,000 dollars.

The ETF Store President Nate Geraci posted on platform X that Nexo 7RCC has submitted S-1 documents for a Bitcoin spot and carbon credit futures ETF, which is composed of 80% BTC and 20% carbon credit futures. The SEC has already approved the 19b-4 documents, and it is expected to launch soon.

The ETF Store President Nate Geraci posted on social media that the S-1 amendment for the Nexo 7RCC spot Bitcoin and carbon credit futures ETF has been submitted. As the name suggests, the ETF contains 80% Bitcoin and 20% carbon credit futures. The SEC has already approved the 19b-4 filing, and it is expected to launch soon.

Yesterday, Luxembourg passed Blockchain Law 4, aimed at simplifying the application of distributed ledger technology (DLT) in the securities sector. This is the country's fourth blockchain law. The new legislation introduces the optional role of control agent for the issuance of digital securities, expands the scope of DLT law to cover funds, has advantages over related laws in Germany, and extends DLT applications from non-listed debt securities to include non-listed stocks, including funds.

According to on-chain analyst @ai_9684xtpa, a giant whale that made a profit of 6.24 million dollars by buying low and selling high PEPE just liquidated yesterday, and 7 hours ago rebuilt a position of 25 billion PEPE from Kraken at 0.00001697 dollars, worth 4.24 million dollars, currently with an unrealized gain of 307,000 dollars.

On December 21, news reported that Luxembourg passed the "Blockchain Law 4", aimed at making it easier for securities to adopt DLT. This is the country's fourth blockchain law. According to the current DLT securities law, Luxembourg adopts a two-tier concept, including a central account manager, similar to a central securities depository (CSD), but less cumbersome. The second tier involves the account manager, that is, the custodian. EU credit institutions or investment firms or central securities depositories (CSD) can act as control agents. No license is required in Luxembourg, but regulatory authorities (CSSF) must be notified several months in advance.

According to Lookonchain monitoring, after the market rebounded, 10 new wallet addresses withdrew 17,698 ETH (61.66 million USD) from Binance.

Google announced on December 20th an update to its financial product policies, which will implement new cryptocurrency advertising regulations starting January 15, 2025. Advertisers for cryptocurrency exchanges and wallet services targeting the UK market must obtain registration certification from the Financial Conduct Authority (FCA) and be certified by Google before they can run ads. The new regulations clearly differentiate the advertising requirements for software and hardware wallets. Specifically, hardware wallet ads are limited to offering the storage functions for private keys of cryptocurrencies, NFTs, and other assets, and must not include trading services. Google stated that it will issue a warning at least 7 days in advance of account suspension to ensure compliance from advertisers.

December 21 news, American cryptocurrency mining company MaraHoldings (formerly Marathon Digital) announced that it has used the excess heat generated from Bitcoin mining to provide heating for 80,000 households in the Satakunta region of Finland.

Companies like Coinbase, Kraken, and Ripple donated to Trump's presidential inauguration, with Coinbase and Kraken each donating 1 million dollars, and Ripple donating 5 million dollars in cryptocurrency XRP. This is the first time the crypto industry has donated to a presidential inauguration fund, reflecting the industry's enthusiasm for Trump. Additionally, MoonPay will also make a donation, although the specific amount has not been disclosed. (Fox Business)

According to Gate.io market data, the Gate.io platform token GT has increased by 5.71% in 24 hours, currently priced at 13.240 USD.

Upbit data shows that the trading volume of the MOCA Korean Won trading pair exceeds MOVE, ETH, USDT, ranking fourth.

According to on-chain data analyst Yu Jin's monitoring, a whale address that withdrew 1,805.9 ETH from Bitget a month ago and bought 22.165 billion MOG on-chain transferred 800 billion MOG (approximately 1.78 million USD) into Bitget 7 hours ago. This address has cumulatively transferred 1.269 trillion MOG (approximately 3.13 million USD) into Bitget over the past 6 days at an average price of 0.00000247 USD, and currently holds 950.5 billion MOG (approximately 2.14 million USD).

Tether Holdings Ltd. CEO Paolo Ardoino stated in an interview that the company expects to achieve a net profit of over $10 billion by the end of this year. As Bitcoin and many other cryptocurrencies rise to historic highs, the demand for the Tether USDT stablecoin, which is pegged to the US dollar, has also surged. According to data tracking agency CoinMarketCap, the market capitalization of this token has increased by nearly $50 billion this year, currently exceeding $140 billion. Most of Tether's profits come from investing the reserves that support the stablecoin (including USDT) in U.S. Treasury bonds, gold, and other securities.

Multiple cryptocurrency companies have donated to the Trump-Vance inauguration committee. Among them, Ripple will donate $5 million in XRP, while Coinbase and Kraken each donate $1 million. MoonPay has also confirmed its participation but has not disclosed the specific amount. The inauguration committee has currently raised $200 million, exceeding the record of $107 million from Trump's first inauguration in 2017 and Biden's $62 million in 2021. Sources suggest that the total fundraising amount could reach $225 million by the inauguration day.

The Chief Information Security Officer of Slow Fog 23pds tweeted that, according to accusations from the U.S. Department of Justice, Israeli national Rostislav Panev has allegedly been working as a developer and coder for the LockBit ransomware group since around January 2022, and as part of his work, he received approximately $230,000 in cryptocurrency transfers.

Tether CEO Paolo Ardoino stated that the company is expected to achieve a net profit of over $10 billion by the end of the year. Due to the rise in prices of cryptocurrencies such as Bitcoin, the demand for its dollar-pegged stablecoin USDT has increased significantly, with a market capitalization exceeding $140 billion. Tether has used more than half of its profits this year for investments, including funding the video platform Rumble. Next year, it plans to allocate at least half of its profits for investments, launching an AI platform in the first quarter, and will also focus on investment opportunities in the U.S. crypto space. (Bloomberg)