According to Bitcoin.com, according to Abdolnaser Hemmati, Iran's Minister of Economic Affairs and Finance, Iran is changing its stance on digital currencies, shifting from imposing restrictions to emphasizing regulation. At an event in Tehran, Hemmati stressed the government's plans to mitigate the economic risks posed by digital currencies, while also leveraging their potential benefits. He emphasized the authority of the Central Bank of Iran in managing digital assets, and highlighted the potential of digital currencies in promoting youth employment, increasing economic assets, and offsetting sanctions.
According to Bitcoin.com, the Argentine securities regulator CNV has announced an initiative for the entire market, allowing the entry of foreign investment products related to various crypto ETF opportunities (including Ethereum, Bitcoin, gold, etc.) into the market. Roberto Silva, the chairman of the Argentine securities regulator, emphasized: "Through these initiatives, we are elevating Argentina to the standards of the most developed international markets."
According to News.bitcoin posted on the X platform, the Australian regulator, the Australian Transaction Reports and Analysis Centre (AUSTRAC), has set up a task force to crack down on non-compliant crypto ATM providers, in order to curb money laundering and fraud through crypto ATMs. Australia has about 1,200 crypto ATMs, ranking third globally. It is reported that AUSTRAC has also urged the public to report suspected fraud or scam activities.
Binance posted that "it has noticed the recent community discussions about the token supply data of USUAL and ACX, and has conducted an internal investigation on this matter in a timely manner. The specific reasons for the incident are as follows: Binance's 'Trading Page' and 'Price Page' display the token circulation information of the projects directly based on the data from CoinMarketCap (CMC). Therefore, according to the past process, when the project party's data is not updated, the data on CMC and Binance's pages will also be affected. Regarding ACX: On December 6, the Binance team found that the circulation data of ACX was incorrect, and immediately contacted the project party to correct the data on CMC; Regarding USUAL: The change in token supply information was mainly due to the different standards between CMC and the project party on the definition of liquidity and how to reference the data. After discussion, the project party has also completed the correction on CMC. As mentioned above, we have clearly identified the root cause of the problem and conducted post-event analysis. In the future, we will strive to organize the coordination and process between the project parties, CMC and Binance regarding the display of token circulation and other related information, so as to be able to verify the key information of the tokens before they are listed, and ensure the accuracy of the information, to avoid similar problems from occurring."
Previously, an X platform user stated that "the reason for USUAL's pump is that the original total supply there was displayed as 4 billion, and now it has been directly changed to 3.38 billion, which is equivalent to the entire circulation; the reason for ACX's dump is that the circulation volume of this token was displayed as 138 million when it was launched, and later it was directly changed to 332 million, and the circulating market value directly increased by 2.5 times."
Cardano Foundation's X account has been hacked and misused
According to Aggr News, the Cardano Foundation's X account has been hacked and misused. It is reported that the account posted content claiming that "it received a lawsuit from the US Securities and Exchange Commission (SEC) on December 8, 2024, and made the difficult decision to cease all support for the ADA token to ensure compliance with regulations", but the information is false.
MicroStrategy founder Michael Saylor has released Bitcoin Tracker related information for the fifth consecutive week, and he said: "There is too much blue on the SaylorTracker website." (Note: MicroStrategy marks a green dot on the website on the corresponding date each time it buys BTC, while the BTC price trend line is in blue.) According to previous patterns, MicroStrategy usually increases its Bitcoin holdings the day after the related news is released.
The public chain Zilliqa reported around 1 am this morning that the network encountered technical issues that led to a block production interruption, but the funds are safe, and it is strongly recommended that all partners temporarily suspend any deposits or withdrawals on the network until the issue is resolved. Later, at 05:53, Zilliqa reported: "The team tried to start a quick restart to minimize the time required to restore the network. Unfortunately, this method was not successful, and now a full re-initialization of the network is underway. We will keep you updated on the progress. Preliminary investigation indicates that this issue is similar to the previous interruption. This specific problem will not occur in the brand new network that we plan to release in the near future." As of now, Zilliqa has not released any other new updates.
According to The Block, last weekend, Coinbase users reported that their accounts were suddenly restricted by the platform. The official Coinbase Support X account responded to users in a series of posts, asking them to "please be patient and not to believe all the content on the X platform." In recent weeks, reports of attacks on Coinbase users have increased. According to a message posted on the X platform by a pseudonymous security researcher and SEAL 911 team member @pcaversaccio, on Saturday night, multiple accounts were attacked and had their funds stolen. The Coinbase Support official account stated: "The increase in new users and reactivation of old users after the US election has led to a 2-3 fold increase in fraud attempts, but the anti-fraud system has successfully saved millions of dollars in losses." Researchers have recently criticized Coinbase's apparent stance on user use of VPNs. Coinbase Product Manager Scott Shapiro said in a post on December 2 that while using a VPN alone does not trigger a flag, it may be considered a risk signal when combined with other factors (such as logging in from an unknown device and sending large amounts of cryptocurrency). @pcaversaccio responded to Shapiro's original post, writing that VPNs are a digital umbrella for users, helping to protect privacy. Kraken's Chief Security Officer Nick Percoco criticized Coinbase for forcing users to choose between financial freedom and privacy protection. Additionally, others criticized Coinbase for the lack of timely support on weekends. Coinbase Support said that the increase in fraud attempts has led to an increase in the number of restricted accounts, resulting in longer wait times for customers, but promised to address the issues of restricted users as quickly as possible.
According to Cointelegraph, the National Center for Public Policy Research (a think tank that advocates for free markets), located in Washington, D.C., has submitted a shareholder proposal to Amazon, urging the company to consider adopting BTC as a corporate treasury strategy at its April 2025 shareholder meeting. The think tank's letter states that the current U.S. Consumer Price Index (CPI), which measures inflation, is 4.95%, but this metric is "extremely poor" in measuring the true devaluation of the currency. The author believes the real inflation rate may be twice the reported CPI figure, significantly eroding Amazon's $88 billion in cash and short-term cash equivalents. To protect shareholder value, the use of BTC should be considered to hedge this risk. The think tank wrote: "As of December 6, 2024, the BTC price has increased by 131% year-over-year, outperforming corporate bonds by an average of 126%. Over the past five years, the BTC price has increased by 1,246%, outperforming corporate bonds by an average of 1,242%."
Trump: I won't divest from Truth Social social media platform
According to Jinshi, former U.S. President Trump said he would consider raising the federal minimum wage, but is willing to negotiate with state governors. The federal minimum wage has been $7.25 per hour since 2009. "I agree, that's a very low number," he said. Trump said he would release his full medical records. By the end of his term in 2029, Trump will be 82 years old, the same age as President Biden is now. Trump also said he has no plans to divest from his $1 billion Truth Social social media platform. "I don't know what assets to divest," he said. "All I'm doing is posting information."
Trump: No plans to replace Fed Chair Powell
According to Jinshi, former U.S. President Donald Trump said in an interview with NBC's "Meet the Press" on Sunday that he will not try to replace Federal Reserve Chair Jerome Powell after taking office in January. When asked if he would seek to replace Powell, Trump told Welker: "No, I don't think so." "I think if I told him, he would resign. But if I asked him to resign, he probably wouldn't."
Grayscale announces hiring, involving ETF product manager, digital asset trader and other positions
Digital asset management firm Grayscale has posted on the X platform announcing the launch of a recruitment drive, with positions including: Tax Director, Senior ETF Product Manager, Digital Asset Trader, Portfolio Manager, Product Manager, and Engineering Manager.
Analysis: The momentum of the U.S. strategic BTC reserve is penetrating to the state level
According to DL News, the possibility of Trump creating a national BTC reserve is a major factor driving the crypto market to new highs, and now the momentum of the U.S. strategic BTC reserve is penetrating to the state level, such as: Florida is taking steps to establish a strategic BTC reserve as early as the first quarter of 2025; Pennsylvania is also drafting its own BTC strategic reserve bill, which was introduced in November and is expected to allocate 10% of the state's general fund to BTC; Florida and Pennsylvania's goals are to directly purchase BTC, but other states like Michigan and Wisconsin have taken a more conservative approach, investing in BTC-related ETFs and trust funds: SEC filings show that as of September, Michigan held $11 million worth of the ARK 21Shares BTC ETF; the Wisconsin Investment Board held over $220 million worth of Grayscale and BlackRock BTC ETF shares.
According to the latest data from the Starknet blockchain explorer Voyager, the total STRK staking has exceeded 88 million, accounting for 3.93% of the 2,259,283,720 circulating supply. Validator data shows that the Argent smart contract wallet is currently ranked first in staking, with a staking amount of about 31,789,734.747 STRK, accounting for 35.78%; Karnot's staking is ranked second, with a staking amount of about 16,734,057.944 STRK, accounting for 18.83%. Since the total staking of the two top validators has exceeded the "centralization risk threshold", Voyager reminds staking users to diversify their staking to protect decentralization, and recommends considering other validators for staking to ensure network stability and fairness.
According to on-chain analyst Yuyan, the whale who withdrew 96,638.9 ETH from Coinbase at a price of $1,567 in 2022 completed the last transfer/sale of ETH 7 hours ago: transferring 11,638.9 ETH ($46.4 million) to Kraken. In this way, he withdrew/sold all 96,638.9 ETH from Coinbase at an average price of $3,078 over 9 months from March to December this year. In total, his 2-year ETH investment has generated a return of about $146 million (+96%), exactly doubling.
According to Scam Sniffer, the funds stolen from DEXX are currently being transferred to Tornado Cash, with about 1,000 ETH currently deposited.
The supply of the stablecoin USDe has exceeded $5 billion, more than doubling since mid-October
Token Terminal data shows that the supply of Ethena Labs' stablecoin USDe has exceeded $5 billion (Defillama data shows it is currently $5.27 billion). Since mid-October, the USDe supply has more than doubled.
Token Unlocks data shows that tokens such as APT, ADA, and ENA will see large unlocks this week:
- Aptos (APT) will unlock about 11.31 million tokens at 12:00 am Beijing time on December 12, accounting for 2.11% of the current circulating supply, worth about $160 million;
- Cardano (ADA) will unlock about 18.53 million tokens at 8:00 am Beijing time on December 11, accounting for 0.05% of the current circulating supply, worth about $22 million;
- Ethena (ENA) will unlock about 12.86 million tokens at 3:00 pm Beijing time on December 11, accounting for 0.44% of the current circulating supply, worth about $12.9 million;
- Bitget Token (BGB) will unlock about 5.38 million tokens at 8:00 am Beijing time on December 10, accounting for 0.38% of the current circulating supply, worth about $14.4 million;
- io.net (IO) will unlock about 2.11 million tokens at 8:00 pm Beijing time on December 11, accounting for 1.68% of the current circulating supply, worth about $7.5 million;
- Eigenlayer (EIGEN) will unlock about 1.29 million tokens at 3:00 am Beijing time on December 11, accounting for 0.61% of the current circulating supply, worth about $5.9 million;
- Fusionist (ACE) will unlock about 850,000 tokens at 8:00 am Beijing time on December 12, accounting for 2.01% of the current circulating supply, worth about $2.9 million;
- World Mobile Token (WMTX) will unlock about 5 million tokens at 8:00 am Beijing time on December 9, worth about $2.7 million;
- Staika (STIK) will unlock about 1.5 million tokens at 8:00 am Beijing time on December 10, worth about $2.2 million;
- Aurora (AURORA) will unlock about 5.33 million tokens at 8:00 am Beijing time on December 12, accounting for 0.96% of the current circulating supply, worth about $1.5 million;
- Moonbeam (GLMR) will unlock about 3.04 million tokens at 8:00 am Beijing time on December 11, accounting for 0.33% of the current circulating supply, worth about $1.1 million.
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