Trump nominates Lutnick's company to discuss launching a $2 billion Bitcoin loan project with Tether
According to Bloomberg, Donald Trump, the President-elect of the United States, has nominated Howard Lutnick, the Commerce Secretary, to discuss strengthening financial ties with Tether, the operator of the world's largest stablecoin, with plans to launch a $2 billion project to provide US dollar loans to clients using BTC as collateral. The report, citing informed sources, said that Lutnick's financial services firm Cantor Fitzgerald is discussing obtaining Tether's support to help fund the project, which could reach tens of billions of dollars. According to the report, Tether uses billions of dollars in US Treasuries held by Cantor to back the value of its stablecoin, a relationship that helps Lutnick's company earn tens of millions of dollars a year.
South Korea's top regulator rejects discussion on establishing a national Bitcoin reserve
According to Cryptonews, the head of South Korea's top financial regulatory agency has "temporarily" rejected the idea of establishing a national Bitcoin reserve. In a television interview on November 24, Financial Services Commission (FSC) Chairman Kim Sang-hoon said Seoul has no "need" to "hoard cryptocurrencies" like US President-elect Donald Trump has promised, and that South Korea will wait for other countries to respond to Trump's cryptocurrency adoption plans before taking action; our top priority is to study how to better protect (domestic cryptocurrency) investors; the FSC does not believe that BTC and other currencies can benefit the national economy; the regulator will "investigate" this "cryptocurrency fever" and "focus on" and "closely monitor" suspected "unfair trading" activities.
ZA Bank in Hong Kong launches virtual currency trading service in its App today
According to the Ming Pao report, digital bank ZA Bank has announced that it has become the first bank in Asia to provide cryptocurrency trading services for retail users, starting today in its App to offer two virtual currencies, Bitcoin and Ethereum, for trading in Hong Kong dollars and US dollars. After Hong Kong residents open an investment account with ZA Bank, they need to complete a risk assessment process, and then they can buy and sell the two currencies in the application, with an entry fee of $70 or HK$600, a transaction commission of $1.99 or HK$15, and a platform fee of 1.5% of the transaction amount (minimum charge of $1.99 or HK$15 per transaction). The bank will waive the commission and reduce the platform fee to 0.8% of the transaction amount until the end of June next year.
Starknet: The integration phase of STRK staking phase 1 has begun
According to a post by Starknet on the X platform, the integration phase of STRK staking phase 1 has begun, and Starknet is deploying the system on the Starknet mainnet, which is expected to be completed in a few hours. Starting tomorrow, validators can begin integrating with the staking contract. For users (delegators), a little more patience is needed; the delegation UI and dApp will be ready on Tuesday, November 26.
Michael Saylor: MicroStrategy's Bitcoin gains have reached $5.4 billion in the past two weeks
According to Cointelegraph's repost on the X platform, MicroStrategy founder Michael Saylor said in an interview that the company's Bitcoin gains have reached $5.4 billion in the past two weeks, with daily gains of about $500 million.
Later, Michael Saylor hinted again that he may continue to increase his BTC holdings.
Mechanism Capital partner Andrew Kang posted on the X platform early this morning, saying: "The current decentralized science (DeSci) field feels like the DeFi era in early 2019. Although everything is still in the early stages and highly experimental, the people involved can feel its huge potential. The current projects may not continue with the same models or products in the future, as they are being developed through iteration. Maker, Synthetix and Aave were also some small-cap projects in 2019, and have now developed into large-scale protocols. Here are some projects I find most interesting: BIO Protocol, Pump Science, GLP1." In addition, Andrew Kang said he has participated in the latest round of investment in BIO Protocol.
MEME ecosystem KOL Murad posted on the X platform that the essence of investing in MEME is actually investing in "people", and the key is to find MEME communities with the following characteristics: - People who work hard every day - Over 6 months - Withstood multiple downturns - Increasing number of holders monthly - Target amount exceeding $20 billion - Large distribution + diamond hands.
ai16z: DAO partners have decided that ai16z and AI Combinator will be completely separated
ai16z posted on the X platform to announce that DAO partners have decided to suspend all distracting AI trader shipping matters in order to focus 100% on $ai16z and $degenai. ai16z and AI Combinator will be completely separated, and Ryze Labs is wished the best progress in accelerating the AI agent field. ai16z also stated that its technology is open source and can be used by anyone for free, and will always be so.
According to Yahoo Finance, Fundstrat's digital asset strategist Sean Farrell said in the latest client report that "friends and family" have started asking about cryptocurrencies again, and based on quantifiable market indicators, the current situation does not show the bubble of the March rebound or the cyclical peak at the end of 2021, such as the current Korean market's kimchi premium data being around 0%, indicating a lack of excessive enthusiasm among Korean traders, which usually reaches over 10% when the market reaches its peak, and the rise in the past week should not be seen as a purely speculative boom, Bitcoin may still have upside potential.
CryptoQuant CEO: The MSTR Bitcoin holdings premium has returned to the level of the 2021 bull market
CryptoQuant founder and CEO Ki Young Ju posted on the X platform that "the premium on MicroStrategy (MSTR)'s Bitcoin holdings has returned to the level of the 2021 bull market. Data shows that the MSTR premium peaked in mid-2021, but never fell below zero during the previous bear market. In contrast, GBTC fell to a 48% discount during the bear market, ultimately triggering a crisis due to the unwinding of leverage. Michael Saylor knows how to handle leverage, and during the 2022 bear market, he has maintained the stability of MicroStrategy and effectively managed the market risk of BTC." In addition, Ki Young Ju said, "The 2021 bull market was the domain of crypto newbies, while 2024 will be the domain of traditional finance and crypto veterans. This is a different game, with much less likelihood of absurd events happening."
Data: Tether has minted over 15 billion USDT so far in November 2022
According to data disclosed by Cointelegraph on the X platform, the stablecoin issuer Tether has minted over 15 billion USDT so far in November 2022.
An ETH whale has donated 70 ETH to the Ethereum MEME issuance platform jump.fun
On-chain data shows that a whale holding over 2,500 ETH has donated 70 ETH to the Ethereum meme issuance platform jump.fun; as of now, the total donation amount to jump.fun has exceeded 738 ETH. jump.fun is an Ethereum-based meme issuance platform that aims to inject new solutions into the ETH meme ecosystem through one-click token issuance and an initial 6 ETH liquidity loan.
- Immutable (IMX) will unlock about 24.52 million tokens at 8 AM Beijing time on November 29, accounting for 1.47% of the current circulating supply, worth about $40.5 million;
- Cardano (ADA) will unlock about 18.53 million tokens at 8 AM Beijing time on November 26, accounting for 0.05% of the current circulating supply, worth about $18.9 million;
- ApeX (APEX) will unlock about 9.24 million tokens at 8 AM Beijing time on November 27, accounting for 19.09% of the current circulating supply, worth about $17.8 million;
- Yield Guild Games (YGG) will unlock about 14.08 million tokens at 10 PM Beijing time on November 27, accounting for 3.65% of the current circulating supply, worth about $8.6 million;
- Ethena (ENA) will unlock about 12.86 million tokens at 3 PM Beijing time on November 27, accounting for 0.45% of the current circulating supply, worth about $7.8 million;
- SingularityNET (AGIX) will unlock about 7.95 million tokens at 8 AM Beijing time on November 28, accounting for 2.25% of the current circulating supply, worth about $5.1 million;
- Artificial Superintelligence Alliance (FET) will unlock about 3.45 million tokens at 8 AM Beijing time on November 28, accounting for 0.13% of the current circulating supply, worth about $5 million;
- Eigenlayer (EIGEN) will unlock about 1.29 million tokens at 3 AM Beijing time on November 27, accounting for 0.69% of the current circulating supply, worth about $3.5 million;
- Velo (VELO) will unlock about 182.8 million tokens at 8 AM Beijing time on November 28, accounting for 2.47% of the current circulating supply, worth about $3.3 million;
- Hooked Protocol (HOOK) will unlock about 4.17 million tokens at 8 AM Beijing time on November 25, accounting for 2.05% of the current circulating supply, worth about $2.3 million;
- Venom (VENOM) will unlock about 33.76 million tokens at 4 PM Beijing time on November 25, accounting for 1.79% of the current circulating supply, worth about $2.2 million;
- Crown by Third Time Games (CROWN) will unlock about 4.63 million tokens at 8 AM Beijing time on November 29, accounting for 2.11% of the current circulating supply, worth about $1.7 million.
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