Trump posts to celebrate Bitcoin breaking $100,000
Trump nominates David O. Sacks as White House Crypto and AI Czar
President-elect Donald Trump announced the appointment of David O. Sacks as the "White House Commissioner for Artificial Intelligence and Cryptocurrency Affairs". Sacks will be responsible for leading the government's policy-making in the fields of artificial intelligence and cryptocurrencies, and for making the United States a global leader in these two key areas. His duties include protecting online free speech, addressing bias and censorship issues in large tech companies, and providing a clear legal framework to support the thriving development of the cryptocurrency industry in the United States. In addition, Sacks will also lead the President's Council of Advisors on Science and Technology.
David Oliver Sacks is a South African-American entrepreneur, author and internet technology investor, born in 1972 in Cape Town, South Africa. He is a general partner at Craft Ventures venture capital fund, focusing on investing in early-stage tech companies. In 1999, he joined PayPal, serving as product manager and later as Chief Operating Officer (COO). He is a member of the "PayPal Mafia".
Vancouver plans to incorporate Bitcoin into city finances
According to Bloomberg, against the backdrop of Bitcoin breaking the $100,000 milestone, the city of Vancouver is considering incorporating Bitcoin into its municipal financial system. The Vancouver City Council will review a motion proposed by Mayor Ken Sim on December 11, titled "Protecting the City's Purchasing Power through Financial Reserve Diversification - Building a Bitcoin-Friendly City".
OpenAI releases "full-powered" reasoning model o1 and $200/month ChatGPT Pro
OpenAI announced this morning the launch of the fully upgraded o1 model, which has been fully deployed in ChatGPT, replacing the previous o1-preview. The new o1 model has significantly improved performance, not only performing better in reasoning, programming, math and writing, but also supporting image upload and visual reasoning capabilities, with a 34% reduction in error rate on complex problems. In addition, OpenAI has launched a new subscription plan, where ChatGPT Plus users ($20/month) can use o1 immediately, and Pro users ($200/month) can also access stronger reasoning modes and unlimited access. In the future, o1 will support API integration as well as web browsing and file upload capabilities.
OpenAI CEO: Not worried that Musk will use political power to attack competitors
Musk's xAI completes new $6 billion funding round, valued at over $40 billion
According to documents filed with the U.S. Securities and Exchange Commission (SEC), Elon Musk's artificial intelligence company xAI has announced the completion of a new funding round, raising $6 billion. This round of financing attracted 97 investors, with the minimum investment amount being $77,593. After this round of financing, xAI's valuation exceeds $40 billion. In May of this year, xAI had completed a financing round of the same scale, with a valuation of $240 billion at the time. Existing investors including Sequoia Capital and Andreessen Horowitz also participated in this round of financing. The majority of these funds will be used to support the construction of xAI's new supercomputing center in Memphis, which is described as the largest multi-billion dollar investment project in the local history, attracting companies like Nvidia, Dell and AMD to set up operations there.
Florida plans to build a Bitcoin strategic reserve by 2025, potentially investing over $3 billion
Samuel Armes, chairman of the Florida Blockchain Business Association (FBBA), stated that Florida "is very likely to establish a Bitcoin strategic reserve during the legislative session starting in the first quarter of 2025". The specific plan includes allocating 1% (about $1.857 billion) from the state's $185.7 billion pension fund (the 4th largest pension fund in the US), as well as investing 1% (about $1.16 billion) from the $116.5 billion budget surplus in the 2024-25 fiscal year for the purchase of Bitcoin.
It is reported that Florida currently holds $800 million in crypto-related investments. Governor Ron DeSantis has been supportive of crypto innovation and emphasized the importance of financial freedom in a May 2023 Twitter Spaces dialogue with Elon Musk. Previous reports indicated that President-elect Trump had promised to support domestic Bitcoin mining and stated that the government would not sell its approximately 212,000 Bitcoins.
aelf's first halving will take place on December 12, with block rewards reduced to 0.0625 ELF
AI-enhanced Layer 1 public chain aelf has announced that its first halving will take place at 3:30 pm Beijing time on December 12, expected to occur at mainnet block height 246,500,000. Since the mainnet launch in 2020, aelf has been operating stably for four years.
aelf COO Brian Liang stated that this halving not only represents a reduction in block rewards, but also signifies the continuous evolution of aelf as a sustainable and innovative blockchain ecosystem. According to the aelf whitepaper, the network allocates 12% of ELF tokens for block rewards, with halving occurring every four years. After the halving, the block reward will decrease from 0.125 ELF to 0.0625 ELF.
Cosmos-based Noble blockchain launches USDN, a dollar-pegged stablecoin based on the M^0 protocol
According to The Block, the Cosmos-based Noble blockchain has launched USDN, a custom-designed dollar-pegged stablecoin based on the M^0 protocol. This is the first stablecoin issued through the M^0 "stablecoin expansion engine", backed by short-term US Treasuries and issued by approved minters. Noble is connected to multiple Cosmos chains via the IBC protocol, aiming to provide the ecosystem with a trusted digital US dollar. The M^0 protocol will distribute earnings to market makers, enhancing liquidity and network effects.
Grayscale DeFi Fund's latest holdings: UNI accounts for over 58%, AAVE ranks second at 18.65%
According to Grayscale's latest disclosure, as of December 5, 2024, the Grayscale DeFi Fund's investment portfolio consists of 5 tokens: $UNI, $AAVE, $MKR, $LDO, $SNX.
Among them, Uniswap (UNI) has the largest holding at 58.07%, with each fund share corresponding to 1.12344341 UNI; Aave (AAVE) ranks second with a 18.65% weighting, with each fund share corresponding to 0.02201319 AAVE.
Other components include: Maker (MKR) at 9.31%, Lido DAO (LDO) at 9.18%, and Synthetix (SNX) at 4.79%. This disclosure shows that the fund's component composition has not changed.
The "gray verification mark" on the X platform will be expanded to global government officials
According to the announcement from the Safety team on the X platform's Official Twitter, the scope of the gray verification mark has been expanded to include governors, local government agencies, and more government-related positions globally. The new verified entities include First Ladies/Gentlemen, Deputy Ministers, Governors/Chief Ministers, and Ambassadors, aiming to enhance identification and support for global governments and related institutions.
Previously, Musk announced that Twitter will test a new multi-color verification system. Company accounts will receive a gold verification badge, government officials will receive a gray badge, and individual accounts will receive a blue badge.
Bitcoin Briefly Dipped to Around $90,000 This Morning, Now Rebounding
Roaring Kitty Tweeted Again This Morning, Causing a Short-Term 50% Surge in Meme Coin GME
CZ: Satoshi Nakamoto's Permanent Retirement is the Best Part of Bitcoin's Design
The Annual Premium of Bitcoin's 2-Month Futures Reached 20%, the Highest Level in 8 Months
According to Cointelegraph, the price of Bitcoin broke through the $100,000 mark yesterday, setting a new all-time high. This surge has led to a surge in demand in the futures market, with the annual premium of Bitcoin's 2-month futures reaching 20%, the highest level in 8 months. This rally may be driven by multiple factors, including the nomination of Paul Atkins, who supports cryptocurrencies, as the SEC chairman by US President-elect Trump, Russian President Putin's praise of Bitcoin's censorship-resistant properties, and Federal Reserve Chairman Powell's statement that Bitcoin is a direct competitor to gold. In addition, MicroStrategy may be included in the Nasdaq-100 Index, further increasing market demand for Bitcoin. Options market data shows that professional traders have strong confidence in the continued bullish trend of Bitcoin. Since December 2, the open interest of call options on Deribit has been 48% higher than that of put options.
Coinbase International posted on the X platform that Coinbase International and Coinbase Advanced will add support for perpetual futures contracts for Moo Deng, Algorand, The Sandbox and Mog Coin. The MOODENG-PERP, ALGO-PERP, SAND-PERP and 1000MOG-PERP markets are expected to be opened at 17:30 or later Beijing time on December 12, 2024.
Tether Treasury Mints 1 Billion USDT on the Ethereum Network
Whale Alert monitoring shows that at 23:27 last night Beijing time, Tether Treasury minted 1 billion USDT on the Ethereum network.
