Source says: Trump hopes Bitcoin will reach $150,000 during his presidency
According to a report by The Block citing Axios, an anonymous "transition team" source revealed that Trump now "very much hopes" for Bitcoin to continue rising and ultimately break through $150,000. Axios reported that Trump will "closely watch the price of Bitcoin" and added that the source said cryptocurrency is "another stock market" for the politician. During his previous presidential term, Trump often used the performance of the U.S. stock market to measure the effectiveness of his administration's management of the national economy. Axios also reported that Trump plans to "push for crypto-friendly regulation," including nominating Paul Atkins to chair the U.S. Securities and Exchange Commission (SEC). According to the company's website, Atkins founded the consulting firm Patomak Global Partners, which provides services to crypto exchanges and DeFi platforms.
According to Jinshi, U.S. President-elect Trump said that any individual or company investing $1 billion or more in the United States will receive fully accelerated approvals and permits.
According to CoinDesk, Juan Carlos Reyes, the chairman of El Salvador's National Digital Assets Commission (CNAD), and Roberto Silva, the chairman of Argentina's National Securities Commission (CNV), signed an agreement on Tuesday to promote cooperation in crypto regulation between the two countries. Reyes said in an interview: "On the international cooperation front, CNAD has two core objectives. First is to share our expertise with international partners to help them leverage the benefits of good industry regulation. Second is to expand the global reach of our regulatory companies through strategic partnerships with countries around the world. This historic agreement with Argentina is significant because of the country's pioneering reputation in innovative technologies and its remarkable adoption rates." While the specific details of the agreement have not been disclosed, Reyes stated on LinkedIn that the agreement aims to facilitate the sharing of knowledge and experience between the two regulators to foster a favorable environment for crypto innovation. He wrote: "The joint efforts of El Salvador and Argentina will lay the foundation for greater regional cooperation and promote a conducive environment for the development of the digital asset industry."
Italy to reduce the increase in crypto capital gains tax
According to Reuters, Italy's ruling parties said on Tuesday that they will scale back plans to increase the capital gains tax on cryptocurrencies following criticism from the affected industry and a debate within the economy ministry. Lawmakers Giulio Centemero of the League party and Federico Freni, a deputy finance minister, said in a statement: "During the parliamentary work, the increase will be significantly reduced." Previously, under Italy's 2025 budget set to be approved by parliament by the end of December, the finance ministry planned to raise the capital gains tax rate on assets like Bitcoin from 26% to 42%. But the League party said this could encourage the development of a shadow economy. On Tuesday, Centemero and Freni said: "No more prejudice against cryptocurrencies." Political sources said the government may even decide to keep the 26% rate unchanged.
Microsoft shareholders vote against Bitcoin investment proposal
According to Jinshi, the voting results showed that Microsoft's major shareholders on Tuesday rejected the company's Bitcoin investment proposal. Microsoft's board had earlier urged shareholders to reject a proposal from the National Center for Public Policy Research to invest 1% of the company's total assets in Bitcoin to hedge against inflation. At the annual meeting, MicroStrategy chairman Michael Saylor gave a three-minute speech trying to convince Microsoft shareholders to support the proposal. His company has invested billions of dollars in Bitcoin. Data shows that Microsoft's largest shareholders are institutional investors, including Vanguard and BlackRock.
Goldman Sachs CEO: Will consider crypto trading if regulations change
According to Reuters, Goldman Sachs Group CEO David Solomon said in an interview that the bank would need to see changes in regulations to be able to start trading cryptocurrencies. Solomon said: "That's a question you have to ask the regulators. As a regulated bank institution currently, we're not allowed to hold Bitcoin and other cryptocurrencies; we can provide advice around those technologies and those issues, and we'll continue to do that, but our ability to take action in those markets is very limited from a regulatory perspective."
Ripple receives final approval from New York Department of Financial Services for stablecoin RLUSD
Ripple CEO Brad Garlinghouse announced on the X platform: "We've received final approval from the New York Department of Financial Services (NYDFS) for the stablecoin RLUSD. Listing details for exchanges and partners will be announced soon - just a reminder: Ripple will be the first to share such news when RLUSD goes live."
Coinbase has listed Magic Eden (ME) and will list Gigachad (GIGA) and Turbo (TURBO)
According to the official announcement, Coinbase will add support for Gigachad (GIGA) on the Solana network (SPL tokens) and Turbo (TURBO) on the Ethereum network (ERC-20 tokens), with trading for these tokens expected to begin at 1:00 am Beijing time on December 12, 2024, subject to liquidity conditions. The GIGA-USD and TURBO-USD trading pairs will be launched in phases. In addition, Coinbase has listed Magic Eden (ME) on Coinbase.com and the Coinbase iOS and Android apps with an experimental label, just over an hour after announcing the listing. Coinbase customers can now log in to buy, sell, convert, send, receive, or store these assets.
Japanese crypto exchange Coincheck to list on Nasdaq in the U.S. today
According to CoinDesk, Monex Group announced on December 11 that its subsidiary Coincheck Group NV has completed the listing process on the Nasdaq in the United States. Trading began on December 11 Eastern Time, with the stock code "CNCK". Coincheck Group (CCG) will become the holding company for the Japanese crypto exchange Coincheck. After the listing, Monex Group will hold about 80% of CCG's shares, with CCG's market value estimated at around $1.6 billion (about 240 billion yen).
Analysis: Magic Eden's airdrop process is overly complex, with security and privacy risks
According to CoinDesk, the fully diluted valuation of Magic Eden's new token ME reached $15 billion in the first few minutes of trading on Tuesday. However, as more and more claimants successfully processed their airdrops (in some lucky cases, even selling), the valuation began to drop significantly. Eventually, the fully diluted valuation stabilized at around $5 billion. Some observers believe the drop in ME token price is a punishment for the crypto project, as its airdrop handling process was highly unusual, and according to three industry sources, may even violate best security practices. Some users appear to have lost funds from their wallets in Magic Eden's complex process.
An industry insider who wished to remain anonymous said that the wallet issues that caused problems when ME was launched could also threaten user privacy. Traders need to import their wallet private keys into the Magic Eden app or create a new wallet and link the old wallet to claim the airdrop, but the latter may compromise privacy. The Magic Eden wallet app stores backups of users' recovery phrases and private keys, and lacks a clear deletion path, violating security standards. This process also makes airdrop claimants vulnerable to bad actors who may pretend to be Magic Eden. Additionally, wallets created within the Magic Eden app cannot be easily transferred to other wallet apps, which is related to Magic Eden's reliance on different technical settings than other mainstream wallets. This can be overcome by importing the private key, which is hidden deeper in the Magic Eden app settings. Less tech-savvy users may attempt to transfer their Magic Eden wallet to another app using only a 12-word recovery phrase.
Chainlink has integrated with Coinbase's tokenization asset platform Project Diamond
According to Cointelegraph, the blockchain oracle network Chainlink has integrated with Project Diamond, Coinbase's digital asset platform for global institutions. This integration will provide data support and enable full lifecycle management of new tokenized assets on the platform. Project Diamond is regulated by the Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA) and is an incubated project in the ADGM RegLab sandbox, with the commercial name Onchain Marketplace. This integration will upgrade the implementation. Peregrine, a business under ADGM-regulated PSG Digital, will become the flagship user of this integration platform. Chainlink will use its Cross-Chain Interoperability Protocol (CCIP) to provide data and connectivity between public and private chains, as well as existing financial systems, ensuring users receive compliant solutions. Chainlink Labs, the main developer of Chainlink, also announced that it will set up an entity under the Abu Dhabi Global Market Registry as a base for expansion in the Middle East and North Africa (MENA) region.
Binance will list 1-75x USDT-margined perpetual contracts for Magic Eden (ME)
Binance announced that it will list various trading and investment products for Magic Eden (ME) at the following times: 1. Binance Wealth Management: • The ME capital-protected earn-token on-demand product went live on December 10, 2024 at 23:00 (UTC+8), and is now open for subscription; • Starting from December 11 at 18:00, users can purchase ME through Binance Dollar-Cost Averaging. 2. One-Click Buy & Sell: • Within one hour of ME's spot trading launch, users will be able to buy and sell ME using credit cards, Google Pay, Apple Pay, etc. 3. Binance Swap: • Within one hour of ME's spot trading launch, users can exchange ME for BTC, USDT or other supported tokens on the Binance Swap platform with no fees. 4. Binance Margin: • Starting from December 11 at 01:00, ME will be supported as a borrowable asset, and new ME/USDT cross margin and isolated margin trading pairs will be added. 5. Binance Futures: • 1-75x USDT-margined perpetual contracts for ME will be launched on December 11 at 01:00.
Fuel Labs announces the launch of native token FUEL and the Fuel Genesis program
Fuel Labs announced the launch of the ERC-20 token $FUEL on the Ethereum mainnet, which will be listed within two weeks. $FUEL will be used to secure the decentralized sequencer and enable fee-less transactions through a specific sequencing mechanism. The total supply of $FUEL is 10 billion, with over 51% allocated to the community, ecosystem, and R&D, and 20% as initial supply rewards for the Fuel Points program and testnet participants. The community portion will be 100% unlocked at token launch, while the team and purchaser portions will have a linear unlock over 24 to 48 months, during which the tokens cannot be staked or locked. As the fastest (>600 TPS) and lowest-cost (<$0.0002/tx) Optimistic Rollup on Ethereum, Fuel aims to drive blockchain adoption. Fuel will further decentralize the network, allowing users to stake $FUEL to participate in network security and earn rewards. Community expansion plans are underway in partnership with Legion, Impossible Finance, and Bitget.
CME CF has launched New York reference rates for six crypto assets including Polkadot (DOT)
According to X user @stakenode_dev, CME CF has launched the New York reference rate (DOTUSD_NY Reference Rate) for Polkadot, calculating a standardized price during the US Eastern market hours (3pm to 4pm). This provides a transparent and reliable DOT pricing reference for institutions, traders, and analysts, an important step in integrating Polkadot into traditional financial markets. The CME Group Official Twitter also announced that the CME CF Polkadot (DOT) Reference Rate New York version is now live. This reference rate lays the foundation for future financial products linked to DOT, such as ETFs, derivatives, and risk management tools. Previously, CME CF has successfully driven BTC and ETH into the mainstream.
ME tokens must be claimed in the ME mobile app, with the deadline being February 1, 2025
According to the ME official Twitter, their token generation event (TGE) will start at 2pm GMT (10pm Beijing time) today. The official reminds users of the following: 1. If you have not yet connected a wallet, you can do so and claim the $ME tokens between the TGE and February 1, 2025. 2. All $ME tokens must be claimed in the ME mobile app. Users who have connected all their wallets can directly load the app to claim the tokens. 3. If you find there are other wallets not connected after claiming, you can connect them through the desktop and claim the remaining tokens in the mobile app. 4. Please ensure you have a certain amount of SOL in the claiming wallet to complete the claiming process. 5. Beware of phishing links, and only trust the official website mefoundation.com. The official will not request $ME token claims via email.
DWF Labs launches a $20 million AI Agent fund
DWF Labs has announced the launch of a $20 million fund focused on supporting the development of autonomous AI agents. The program aims to drive Web3 projects by developing next-generation AI agent solutions with the potential to disrupt industries and redefine the digital economy. Eligible projects can receive comprehensive support, including up to $100,000 in cloud server credits to accelerate their growth and adoption.
Bithumb will list KRW trading pairs for Magic Eden (ME) and SynFutures (F)
According to the Bithumb official announcement, Magic Eden (ME) and SynFutures (F) will be listed on the Korean won (KRW) trading market today. • Magic Eden (ME): Based on the Solana network, deposits and withdrawals are expected to open at 23:00 (local time) today, supporting only Solana network deposits. Trading will start after sufficient liquidity is established, with an initial price of 2,286 KRW and 20 confirmations required for deposits. • SynFutures (F): Based on the Ethereum network, deposits and withdrawals will open 2 hours after the announcement, supporting only Ethereum network deposits. Trading is expected to start at 22:00 (local time) today, with an initial price of 88.09 KRW and 33 confirmations required for deposits.
Binance will list ACX/USDC, ORCA/USDC and other spot trading pairs on December 11
According to the Binance official announcement, Binance will list the following spot trading pairs on December 11, 2024 at 16:00 (UTC+8): ACX/USDC, ORCA/USDC, ACX/FDUSD, ORCA/FDUSD, ACX/TRY, ORCA/TRY, KSM/TRY and CELO/TRY. Meanwhile, the following trading pairs will be enabled for trading bot services: • Spot Grid and Spot DCA: ADA/EUR, DOGE/EUR, G/USDT and LINK/FDUSD • Smart Portfolio: G/USDT • Spot Algorithm Orders: ACX/USDC, ORCA/USDC, ACX/FDUSD, ORCA/FDUSD, ACX/TRY, ORCA/TRY, KSM/TRY and CELO/TRY.
AI voice company WaveForms raises $40 million in seed funding, led by a16z
According to Bloomberg, AI speech startup WaveForms founded by former OpenAI researcher Alexis Conneau has raised $40 million in seed funding, valuing the company at $200 million. The round was led by Andreessen Horowitz. WaveForms is focused on developing AI audio software that can capture emotional cues and enable more natural voice interactions, aiming to enhance the voice dialogue experience between humans and machines. Conneau previously worked on developing advanced voice assistant capabilities at OpenAI and founded WaveForms in San Francisco after leaving the company in August.
Bitcoin trading and self-custody app Relai raises $12 million in Series A funding
According to CoinDesk, Bitcoin trading and self-custody app Relai has raised $12 million in Series A funding, with plans to expand in the European market and apply for MICA (Crypto Asset Markets) regulation. The round was led by bitcoin-focused venture capital firm Ego Death Capital, contributing $4 million, with participation from Plan B Bitcoin Fund, Timechain, and Solit Group. Headquartered in Switzerland, Relai's "non-custodial" model has gained traction, with the app accumulating over 400,000 downloads. Co-founder and CEO Julian Liniger said the new funding will significantly drive the company's growth and help more European users learn about and access Bitcoin.
Crypto AI startup Exabits raises $15 million in seed funding, led by Hack VC
According to The Block, crypto AI startup Exabits has raised $15 million in seed funding, valuing the company at $150 million. The round was led by Hack VC, with several other investors also participating, though their names were not disclosed. Exabits co-founder Hoansoo Lee said the company started fundraising in July and completed this round in October. He declined to comment on the structure of this seed round but said the company plans to launch a token in the future. This seed round brings Exabits' total funding to $20 million. Exabits is a crypto AI startup focused on GPU tokenization, and had previously raised an undisclosed Pre-Seed round and a strategic round led by Portal Ventures, totaling around $5 million.
According to The Block, digital asset holding company COSIMO has announced that it is raising $25 million, with the round led by Eolas Capital co-founder and former Bridgewater Associates executive Des Mac Intyre. In a statement, COSIMO said this funding aims to integrate its various crypto investment, custody, advisory, and brokerage services into "a unified and forward-looking brand" called COSIMO digital. COSIMO has expanded into multiple crypto sub-sectors over the past decade and aims to become a strong competitor to crypto management and service provider Galaxy Digital, but with a presence in both the US and Europe. In its early days, COSIMO used special purpose vehicles (SPVs) to invest in crypto startups in 2014 and expanded into crypto venture capital in 2017. Its COSIMO X fund currently manages around $21 million in assets. The company has also launched COSIMO Y, a staking rewards-based hedge fund focused on blockchains like Avalanche, Cardano, Celestia, Ethereum, Near, Polkadot, and Solana. Additionally, COSIMO has established Fortuna, a digital asset custodian licensed by the Central Bank of Ireland to operate in 27 EU countries.
MARA Holdings acquires 11,774 Bitcoins
According to MARA's official announcement, the company has raised funds through zero-interest convertible bonds to purchase 11,774 Bitcoins at an average price of around $96,000 per Bitcoin, for a total of approximately $1.1 billion. As of December 9, 2024, MARA holds a total of 40,435 Bitcoins, which at the current spot price of $96,500 per Bitcoin, are worth approximately $3.9 billion. The company's Bitcoin holdings have generated a 12.3% return so far this quarter and a 47.6% return year-to-date.
Raydium's monthly trading volume has surpassed Uniswap for the second consecutive month
According to Cointelegraph, based on a Messari report on December 10, the monthly trading volume of Solana-based decentralized exchange (DEX) Raydium has surpassed Uniswap for the second consecutive month. In November, Raydium's monthly trading volume was about 30% higher than Uniswap, at around $30 billion. Syncracy Capital co-founder Ryan Watkins had mentioned in a November 17 article on the X platform that Raydium had already narrowly beaten Uniswap in October, with a trading volume about 10% higher. The Messari report attributed Raydium's success largely to its dominant position in the Solana ecosystem, noting that the DEX consistently accounts for over 60% of the daily DEX trading volume on this Layer 1 blockchain. Specifically, meme token trading has become a significant driver of Raydium's trading volume, reaching a historical high of 65% of its monthly volume in November.
USV has transferred another 553,000 UNI, worth around $8.45 million, to Coinbase Prime
PANews, December 11 - According to on-chain analyst Yujin, 50 minutes ago, USV continued to transfer 553,000 UNI (worth around $8.45 million) to Coinbase Prime. USV has been transferring the UNI it acquired through investments since 5 days ago, and has now cumulatively transferred 1,198,000 UNI (worth around $19.07 million) at an average price of $15.9. USV's address still holds 12,677,000 UNI (worth around $192.56 million).
Riot Platforms has purchased 705 BTC, worth around $68.45 million, in the past 3 hours
According to Lookonchain monitoring, Bitcoin miner Riot Platforms has purchased 705 BTC (worth around $68.45 million) in the past 3 hours. Previously on December 9, it was reported that Riot Platforms plans to privately issue $500 million in convertible senior notes to fund the acquisition of Bitcoin and other purposes.
DEXX hacker has transferred over 4,700 ETH to Tornado Cash
Slow Mist founder Yu Xian stated on the X platform that the DEXX hacker has washed away another 3,200 ETH, bringing the total amount of ETH washed into the Tornado Cash mixer to over 4,700 ETH. The hacker still holds 1,200 ETH and $1.65 million worth of various tokens, with the current total value of their gains reaching around $23 million.
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