A virtual asset exchange shop in Tsim Sha Tsui, Hong Kong, is doing a booming business, and most of its customers are from the mainland. Cash can be exchanged for USDT, or vice versa, digital currency can be exchanged for Hong Kong dollars and US dollars. However, for transactions exceeding 10,000 Hong Kong dollars, you have to show your ID card. Hong Kong is relatively relaxed about virtual currency, which has attracted many mainland customers. But USDT cannot be played on regular exchanges. You have to exchange it for Bitcoin, Ethereum, etc. before you can play with it. It's a bit like buying vegetables in a detour. It takes a little effort, but you can always buy it. The cash limit for cashing back to the mainland from Hong Kong is 20,000 RMB. If it is a bank transfer, the source and purpose of the funds must be clearly stated and must comply with regulations. This is like if you buy a big item abroad and send it home, you have to declare it and pay taxes, and you can't be sneaky. So, this virtual currency transaction in Hong Kong seems free, but it actually has hidden tricks. The rules are there. If you want to play, you have to follow the rules. This is not a joke. $COW $USUAL $ENA
Musk said: "In the darkest moment of life, the great truth is useless, chicken soup is useless, cake, cola, milk tea hot pot is useless, and even the love of family and friends can only slow down anxiety, but can not beat back the darkness. What really pulled me out of the abyss is myself, no one knows what I went through during that time, after enduring one minute after another, I was no longer the person I used to be. In this world, during the most difficult times, often only you can pull yourself out of the darkness."
The US Mega Millions lottery did not have a winner yesterday, causing the next jackpot to soar to 1.15 billion dollars. I wonder if you're tempted to buy a ticket? According to data from the North American State and Provincial Lottery Association, about 65% of lottery sales revenue is given as prizes to winners, including the jackpot and other prizes, while the remaining portion, about 6% goes to retailers, 5% is used for lottery administration, and 24% is allocated to public welfare. $BTC $ETH $BNB
I heard that recently a company in the United States made a big move in the financial market, selling more than 30,000 Ether and over 900 Bitcoin, converting it into 570 million dollars in cash, and then using that money to buy back dollars. This operation surprised the US financial market. The United States has indeed been active in the global financial market lately, trying to alleviate pressure on national debt through such means. However, this sudden large transaction has driven market prices up, disrupting the United States' strategic layout. In my opinion, although such operations in the financial market may have some short-term impact, in the long run, every country should adhere to a prudent monetary policy to ensure the healthy development of the economy. The United States may not be in a good mood this time, after all, the carefully laid plans have been disrupted, and they have to readjust their strategy. This also shows that in today's globalization, the economic games between major powers are complex and changeable, and every country needs to have the ability to respond flexibly. We should adhere to the principle of win-win cooperation, promote the building of a community with a shared future for mankind, and achieve common development and prosperity. $BTC $ETH
Unexpected! New news just came from the United States! On December 24, SpaceX founder Elon Musk is planning to establish his own "company town." He announced that the SpaceX headquarters has officially moved to the "Starbase" launch site in Cameron County, Texas, and plans to upgrade it into a real city. Musk's vision includes not only rocket launch facilities but also residential areas, commercial zones, and other functional support, aiming to create a futuristic technology community. As early as 2021, Musk revealed the idea of building "Starbase", and this headquarters relocation marks the further implementation of that plan. He has submitted an application to the local government, hoping to officially register the area as a city through an election. Meanwhile, some local residents have also submitted a supportive petition, claiming that this would not only help the local economy but also attract more high-tech industries. However, there are also voices questioning whether this will further strengthen corporate control over local public resources, and even lead to potential social conflicts. Musk's "company town" plan has not only attracted attention in the tech community but also brought deeper reflections: when tech giants attempt to redefine cities, will the boundaries between traditional government functions and corporate interests be broken? Will such experiments become models for future development or lead to greater controversies? Everything remains to be tested by time. $BTC $ETH $DOGE
Russian Finance Minister: Russia is using Bitcoin in foreign trade
【Russian Finance Minister: Russia is using Bitcoin in foreign trade】 Financial News Agency, December 25 - The Russian Finance Minister stated on Wednesday that as legislative changes allow the use of cryptocurrencies to respond to Western sanctions, Russian companies have begun using Bitcoin and other digital currencies for international payments in foreign trade. This year, Russia has permitted the use of cryptocurrencies in foreign trade and has taken steps to legalize cryptocurrency mining, including Bitcoin. (Reuters)
Biden Signs Bill Officially Designating the Bald Eagle as the National Bird of the United States
According to a report by the Associated Press on December 25, local time on the 24th, U.S. President Biden signed a bill officially designating the bald eagle as the national bird of the United States.
Image source: Screenshot from Associated Press report The Associated Press states that for over 240 years since the founding of the United States, the bald eagle has been a symbol of America, but it had never been officially designated as the national bird. The Great Seal of the United States features the bald eagle, olive branches, arrows, a shield resembling a flag, the motto 'E Pluribus Unum', and a cluster of stars. Publicly available information shows that the bald eagle is a bird species unique to the American continent, known for its fierce nature and large size. Indigenous people living on the continent regard it as a 'sacred bird', and some Native Americans use bald eagle feathers as rewards.
Musk again questions Bezos' ex-wife's "charitable donations"
1. Background Skeptic: Elon Musk, CEO of Tesla and SpaceX. The person being questioned: MacKenzie Scott, ex-wife of Amazon founder Jeff Bezos. Question: Musk questioned Scott's donations to nonprofits focused on issues such as racial equality, social justice, immigrant protection and LGBTQ+ rights. 2. Cause of doubt Scott's donations: Since 2019, Scott has donated more than $19 billion to more than 2,450 nonprofits through the Yield Giving Fund. In addition, she has announced a donation of $640 million to 361 nonprofits, equivalent to about 4.6 billion yuan. These donations come from her Amazon shares.
Relevant economic data from the United States is here In 2024, the per capita GDP of Americans: $83,000; the states with the highest GDP: New York, Massachusetts, Washington, California, Connecticut, all with per capita GDP exceeding $100,000. Hawaii is ranked 50th, and Mississippi is ranked last at 51st. Stop listening to the nonsense about the decline of America. $BTC $FIRO $PHA
The Federal Reserve has been sued! The confrontation between Wall Street and the Federal Reserve escalates. Who will back down?
Media reports: American banks and Wall Street business groups collectively sued the Federal Reserve, because on the 23rd, the Federal Reserve announced in a statement that it is seeking to make changes to bank stress tests and will solicit public opinion on so-called 'significant changes' to improve the transparency of bank stress tests. The Wall Street business group refers to the U.S. banking policies, which include major banks such as JPMorgan Chase, Bank of America, Goldman Sachs, Morgan Stanley, Citibank, Wells Fargo, and others. They stated that the Federal Reserve's determination that large banks should perform under hypothetical economic turmoil and allocate capital accordingly does not conform to appropriate administrative procedures.
Breaking: New York State May Force Trump to Jail Before Inauguration The New York judge overseeing Donald Trump's hush money trial in Manhattan has not agreed to overturn Trump's hush money conviction. Judge Juan Merchan rejected Trump's request to overturn the conviction made by a Manhattan court jury last May, and issued a 41-page ruling on Monday. According to the Polymarket betting site, the probability of Trump going to jail before the inauguration is only 1%, however, there remains a possibility of Trump being jailed. $BTC $ETH $SOL
Democratic Congressman Jeffries stated that no Democrat will vote to support Johnson as Speaker. Republican House Speaker Johnson previously disregarded opposition within his party and passed a government spending bill favorable to Democrats. Ironically, 38 Republican lawmakers opposed it, while all Democrats supported it [facepalm] Johnson is set to follow in the footsteps of his predecessor McCarthy. He will be overturned by his party colleagues, and not a single Democratic lawmaker will help him... $BTC $COW $LQTY
Dogecoin (DOGE): A glimmer of hope after the decline, is the third epic leap coming?
Dogecoin may experience a long and difficult period, but it is expected to see a significant rebound in April 2025. Dogecoin price forecast: Dogecoin may experience a significant rebound around mid-April 2025, and then achieve another breakthrough around mid-next year. Establishment of the Department of Government Efficiency: The agency named the Department of Government Efficiency will officially be established in Washington in January 2025, headed by Elon Musk, a long-time supporter of Dogecoin. Dogecoin investment advice: Dogecoin may show a downward trend in the short term, but if the price really falls to a low of $0.20, this could be a good buying opportunity.
Singapore Leads Hong Kong in the Competition for Cryptocurrency Hub In the race for the status of Asia's cryptocurrency hub, Singapore has attracted more cryptocurrency companies with its regulatory system. Data shows that Singapore has approved over 100 cryptocurrency license applications this year, while only two exchanges in Hong Kong have been licensed. A mature regulatory environment has made Singapore the main cryptocurrency hub in Asia. Well-known companies like Binance and Coinbase have established operations in Singapore. In contrast, although Hong Kong has introduced new policies to attract cryptocurrency businesses, the market response has been relatively lukewarm. $USUAL $LQTY
Web3 Ecosystem Panorama: The Path to Innovation and Development
$BTC As blockchain technology matures, Web3, as the next generation of the Internet, has gradually entered the public eye. It not only represents technological innovation, but also a challenge to the existing Internet system, heralding a huge change in the future digital world. The core concept of Web3 is decentralization, striving to break the centralized barriers in the traditional Internet model and return power and control to users. This article will briefly explore the basic concepts, development trends and challenges faced by Web3. The core concept of decentralization
The core feature of Web3 is decentralization. Compared with the existing Web2 model, Web3 hopes to build a trustless Internet environment through blockchain technology. In the Web2 era, Internet companies controlled the flow of data and information through centralized platforms, while the goal of Web3 is to ensure that users have more control over their data, identity and behavior through decentralized protocols and networks. Blockchain, as the basic technology of Web3, provides a decentralized distributed ledger. Through blockchain, data storage and transactions can remove intermediaries and be directly maintained and verified by each node in the network, thereby increasing transparency and security.
#市场反弹迹象 The overall market is warming up, but the performance of the altcoin sector was still quite strong yesterday, especially the gaming sector showed good performance. Recently, the market has been experiencing some recovery, and AGLD's key performance has bounced back today, indeed impressive. After a drop yesterday, it has returned to a high point again. The overall rebound for Erbing yesterday was also quite good, returning to around 3500. The key focus for this round is when Erbing will break 3800 and stabilize; that will signal the real start of the next round of market activity, and altcoins will rise collectively, beginning to rotate. However, this round will still be led by the gaming sector, so let's focus on gaming for now.
Continuing to watch these altcoins: SOL NEIRO SYN WLD OP FET PEOPLE CRV ACE. Once Ethereum stabilizes, the altcoin market will follow. Those who entered SOL with me yesterday are now seeing a profit of over 10 points, and CRV and ACE have also turned profitable, while we can continue to monitor other altcoins.
Residents of mainland China can register and trade on HKbitEX
On December 18, 2024, the Hong Kong Securities and Futures Commission (SFC) issued virtual asset service licenses (VATP) to four applicants for virtual asset trading platforms under the rapid licensing procedure. Among them, Hong Kong Digital Asset Trading Group Limited: launched by Taiji Capital Group, which primarily provides tokenized asset services, including capital markets and wealth management, digital asset exchanges, and Web3 SaaS and technology research and development. Taiji Capital's founder, Gao Han, previously served as an executive at the Hong Kong Stock Exchange, responsible for promoting products such as Stock Connect and Bond Connect. Hong Kong Digital Asset Trading Group has launched the HKbitEX platform, aimed at providing compliant digital asset spot trading and over-the-counter trading services for global professional investors, and has already secured tens of millions of dollars in financing.
Impressive! OpenAI's 12-day live stream raised 43.7 billion from Musk! In December 2024, OpenAI held a 12-day live streaming event, showcasing a series of new tools and technologies, such as the o1 reasoning model and the Sora video generation tool. However, the highly anticipated GPT-5 did not make an appearance during the live stream, and Sora's performance also fell short of expectations, overshadowed by Google's similar product, Veo2. Meanwhile, shortly after OpenAI's live streaming event concluded, Musk's xAI announced the completion of a $6 billion Series C funding round. Combined with the Series B funding in May, its total funding has reached $12 billion, and the company's valuation has surged to $50 billion. A total of 97 investors participated in this round of funding, including A16Z, BlackRock, Saudi Group Holding Company Kingdom Holding, Fidelity, Sequoia Capital, NVIDIA, and AMD. Musk's funding may be aimed at reserving capital to compete with OpenAI in the field of artificial intelligence, increasing influence to achieve his mission of "understanding the true nature of the universe," and pushing xAI to launch more groundbreaking products. $BTC $XAI $DOGE
After market adjustments, a major trend is brewing! Prediction of the altcoin season explosion, seize the next round of wealth opportunities.
$BTC $ETH This year's Christmas market performance broke expectations; there was no market crash, but rather a recovery in sentiment in the crypto market driven by the rise in US stocks. Bitcoin previously fell due to fluctuations in US stocks, but if Bitcoin can rise before December 25, it is likely to pass through Christmas safely, bringing positive signals for the future market. Ethereum's trend also conveys signs of stability. Today it briefly broke through the key resistance level of 3500, thanks to the support from ETF capital inflows, the market sentiment is steadily recovering. As January approaches, the market's focus will shift to the release of the first batch of compensation funds from FTX on January 6. This $16 billion fund is expected to flow more into Ethereum and leading altcoins rather than Bitcoin, as the current cost-effectiveness of Bitcoin has low appeal to retail investors.
The financial game in the United States is about to reach its limit. The price of Bitcoin still hovers below $100,000, while the total market value of Apple's parent company has already reached $3.9 trillion. It seems that this financial game in the U.S. can only be played this way. The stock prices of the seven tech giants in the U.S. are soaring, and the risks are increasing accordingly. If the stock prices of these seven giants can't hold, then the U.S. stock market will also be doomed. However, if they don't prop up the seven giants, they have to prop up others. But aside from the seven giants, the stocks in the U.S. are mostly hopeless. So, the U.S. plans to hype Bitcoin, driving its price up high, and then using phrases like decentralization to entice certain countries to join in. By that time, even if Bitcoin crashes, the ones most affected won't be the U.S. The Americans' plan is quite clever, but unfortunately, a certain major country just won't fall for it. Now, seeing that the hype around Bitcoin isn't working, the U.S. can only go back to the old path of propping up the seven tech giants. The financial game in the U.S. is becoming increasingly difficult to play, and it is also getting harder to conclude. How will the financial game in the U.S. develop from here? What will the final outcome be? $BTC $COW $LQTY