Headlines
▌US SEC Approves Hashdex Nasdaq Bitcoin and Ethereum Crypto Index ETF
According to market news, the US Securities and Exchange Commission has approved the Hashdex Nasdaq Bitcoin and Ethereum Crypto Index ETF.
▌Craig Wright, Who Claims to Be Satoshi Nakamoto, Sentenced to 12 Months in Prison, Suspended for 2 Years
Australian scientist Craig Wright, who claims to be Satoshi Nakamoto, was found guilty of contempt of court and sentenced to 12 months in prison, suspended for 2 years. It is reported that he appeared in court via video link, refusing to disclose his exact location, but said he would appeal.
Previously, Wright had initiated a £900 billion "legal battle" over intellectual property rights. In March this year, a UK judge ruled that Wright is not Satoshi Nakamoto. The Crypto Open Patent Alliance (COPA) first sued Wright in April in an attempt to prevent Wright from claiming copyright over the Bitcoin whitepaper and database. During the trial, two key figures testified, including Adam Back, a pioneer of the Bitcoin proof-of-work consensus system.
Market
As of the time of writing, according to Coingecko data:
BTC's latest trading price is $97,467.82, with a daily change of -3.4%;
ETH's latest trading price is $3,405.34, with a daily change of -6.7%;
BNB's latest trading price is $664.30, with a daily change of -4.0%;
SOL's latest trading price is $193.06, with a daily change of -7.1%;
DOGE's latest trading price is $0.3116, with a daily change of -2.3%;
XPR's latest trading price is $2.24, with a daily change of -4.3%.
Policy
▌Meme Coin HAWK Team Sued by Investors for Alleged Securities Law Violations
A court filing shows that the team behind the meme coin HAWK, associated with internet celebrity Haliey Welch or "Hawk Tuah Girl", has been sued by investors for alleged securities law violations.
The lawsuit alleges that HAWK's behavior is similar to an unregistered security, attracting investors new to cryptocurrency, who subsequently suffered "massive losses" when the token declined. 12 plaintiffs who invested in HAWK suffered $151,000 in financial losses and are seeking a jury trial. The complaint also claims that a wallet controlled by the Tuah Foundation collected $3 million in token transaction fees.
▌German Regulator Orders Worldcoin to Delete Biometric Eye Scan Data
The Bavarian State Office for Data Protection Supervision has ordered Worldcoin's human verification project to delete biometric data collected through eye scans. Worldcoin stated that it has changed its processes, and the German regulator's findings largely relate to outdated operations and technology that have been replaced since 2024.
The Bavarian Data Protection Regulatory Office concluded its investigation that began in April 2023, stating in a statement on Wednesday that Worldcoin is obligated to provide a deletion procedure in accordance with GDPR within one month of the decision taking effect, and to delete certain previously collected data records without a sufficient legal basis.
OpenAI CEO Sam Altman stated that measures have been taken in the past few months to alleviate the regulator's concerns, including transitioning Worldcoin to a system that no longer stores biometric data. To comply with GDPR, the iris codes used to verify individual World IDs will no longer be stored, and previously collected iris codes will be voluntarily deleted to ensure no personal data is retained for World ID operations.
Blockchain Applications
▌Dubai Tokenization Platform Allo Secures $100 Million Bitcoin-Backed Credit Facility
Dubai tokenization platform Allo has announced a $100 million Bitcoin-backed credit facility, financed by Greengage and a "long-standing US institution". The funds will be used to expand on-chain lending and physical asset tokenization services.
Cryptocurrencies
▌Chainalysis: North Korean Hackers Stole $1.3 Billion in Cryptocurrencies in 2024
In a report released on December 19, Chainalysis stated that North Korean hackers stole over $1.3 billion worth of cryptocurrencies in 47 incidents in 2024, accounting for 61% of the total reported theft that year.
Chainalysis said "North Korea's crypto attacks seem to be growing more frequent", and added "notably, the frequency of attacks in the $50-100 million and $100 million+ ranges far exceeded 2023 levels, suggesting North Korea is getting better and faster at carrying out large-scale attacks. This contrasts with the previous two years, when North Korea's attacks were more frequent but each yielded less than $50 million."
▌Trump Family Crypto Project WLFI Bought 722.2 ETH at $3,461 Average Price 1 Hour Ago
According to Arkham monitoring, 1 hour ago, the Trump family crypto project WLFI spent $2.5 million USDC to purchase 722.2 ETH, at an average price of $3,461 per transaction.
▌Report: Coinbase Advanced Trading Volume Grew 191%, User Count Up 77%
According to a report by Investing.com, the cryptocurrency exchange Coinbase's platform for professional traders, Coinbase Advanced, saw a surge in users and trading volume in 2024.
The December 19 report stated that the platform's trading volume grew 191%, mainly driven by strong growth in derivatives trading, while user count increased 77%. Coinbase Advanced caters to experienced traders, charging a fixed monthly fee to users in exchange for discounted trading costs, broader order types, and analytical tools.
Coinbase revealed to Investing.com that derivatives products experienced particularly rapid growth, with trading volume soaring around 10,950% in 2024.
▌Eigen Foundation Grants 1 Million EIGEN Tokens to AltLayer
According to the official announcement, the Eigen Foundation has granted 1 million EIGEN tokens to AltLayer, which stated it will use the tokens directly to reward the community. The first 500,000 EIGEN tokens will be distributed to reALT holders and stakers starting this week. The remaining 500,000 EIGEN tokens will be distributed when the Eigen Layer V2 reward mechanism is launched on its mainnet in 2025.
Key Economic Dynamics
▌91.4% Probability of Fed Keeping Rates Unchanged in January 2024
According to the CME "Fed Watch", the probability of the Federal Reserve keeping rates unchanged in January 2024 is 91.4%, with an 8.6% chance of a 25 basis point rate cut. The probability of maintaining the current rate through March 2024 is 53%, with a 43.4% chance of a cumulative 25 basis point rate cut and a 3.6% chance of a 50 basis point cut.
▌US Dollar Index Rose 0.36% on the Day
The US Dollar Index, which measures the dollar against six major currencies, rose 0.36% on the day, closing at 108.409 in the New York forex market. As of the New York market close, 1 euro was exchanged for $1.0362, lower than the previous trading day's $1.0376; 1 British pound was exchanged for $1.2505, lower than the previous trading day's $1.2593. 1 US dollar was exchanged for 157.43 Japanese yen, higher than the previous trading day's 154.66 yen; 1 US dollar was exchanged for 0.8983 Swiss francs, lower than the previous trading day's 0.9003 Swiss francs; 1 US dollar was exchanged for 1.4388 Canadian dollars, lower than the previous trading day's 1.4417 Canadian dollars; 1 US dollar was exchanged for 11.0322 Swedish kronor, lower than the previous trading day's 11.1102 Swedish kronor.
Jinse Encyclopedia
Rollup is a way of processing transactions on Layer 2 protocols, which can free up valuable space on the underlying layer. Rollup will batch transactions on the second layer, sometimes batching dozens at a time, and then roll them up together before sending the data back to Layer 1. There are two main types of Rollup, Optimistic and Zero-Knowledge (ZK) proofs. Optimistic Rollup is a fairly straightforward term. This means that Rollup runs on an "optimistic" approach, assuming transactions are valid unless a validator proves them wrong. They only check the validity of transactions in the event of a dispute. ZK Rollup will prove transactions without revealing any transaction data. Hence the term "zero-knowledge". ZK Rollup provides instant finality, as the cryptographic proof guarantees the data is valid. In many ways, Rollup to your standard blockchain transaction is like a Calzone to a regular pizza slice. By rolling, you can fit more in.
Disclaimer: Jinse Finance, as a blockchain information platform, the articles published are for information reference only and not as actual investment advice. Everyone should establish the correct investment concept and must increase risk awareness.
