1. Large amount of tokens unlocked this week
In the next 7 days, large single unlocks (unlocked amount greater than 5 million US dollars) include IMX BDX ADA APEX ENA YGG TRIBL AITECH, etc., and large linear unlocks (single-day unlocked amount greater than 1 million US dollars) in the next 7 days include SOL WLD TIA TAO AVAX DOGE SEI NEAR DOT SUI FIL ENS JTO MOCA, etc. The total unlocked value exceeds 513 million US dollars.
2. Musk responded to the speculation that "Biden may pardon SBF": I would be shocked if this did not happen
In response to speculation on X that FTX founder SBF might receive an early pardon from President Biden, Musk responded on the X platform: "I'd be shocked if that doesn't happen." The tweet suggests that this speculation may be related to the fact that FTX founder SBF was once the second largest donor to the Democratic Party. However, on a certain prediction market, the probability of Biden pardoning SBF is only 5%.
3. VanEck: Strategic Bitcoin reserves could reduce US debt by 36% by 2050
VanEck's latest report predicts that by adopting a strategic Bitcoin reserve, the United States could significantly reduce its national debt by as much as 36% by 2050. VanEck pointed out that if Bitcoin's average annual appreciation rate reaches 25%, its price could soar to $42 million by 2049. Mathew Sigel, head of research at VanEck, pointed out that Bitcoin may become a global trade settlement currency in the future, providing an alternative for countries seeking to circumvent US dollar sanctions. In addition, VanEck recommends stopping the sale of Bitcoin in asset forfeiture reserves and launching initial purchases through the Exchange Stabilization Fund (ESF) to accelerate reserve construction.
4. MicroStrategy increased its holdings of 5,262 Bitcoins for $561 million
MicroStrategy increased its holdings of 5,262 bitcoins for approximately $561 million, with an average purchase price of $106,662. BTC returns are 47.4% quarter-to-date and 73.7% year-to-date. As of December 22, 2024, MicroStrategy holds 444,262 BTC at an average cost of $62,257, with a total cost of approximately $27.7 billion.
5. Trump appoints Bo Heins as executive director of the Digital Asset Advisory Committee
Trump posted on social media, confirming that Bo Hines will serve as the executive director of the Presidential Digital Asset Advisory Committee, working with Chairman David Sacks to promote digital asset innovation and development. Hines was funded by a political action committee supporting cryptocurrencies to run for Congress in 2022, but was unsuccessful in being elected. Trump also appointed former Treasury official Stephen Miran as chairman of the Council of Economic Advisers. Miran previously stated that excessive regulation could inhibit bank lending and innovation in the crypto economy.
6. Binance New Coin Pool Launches Bio Protocol (BIO)
Binance launched Bio Protocol (BIO) on its new coin pool. BIO can be mined by locking BNB and FDUSD. BIO/USDT, BIO/BNB, BIO/FDUSD and BIO/TRY trading will open at 2025-01-03 10:00 (UTC). Binance Labs previously invested an undisclosed amount in the decentralized science project BIO Protocol. This is a pioneering protocol that uses blockchain technology to transform the way early scientific research is financed and commercialized. The announcement shows that the maximum supply of BIO Genesis is 3,320,000,000, which can be increased through network governance. Initial circulating supply at the time of Binance spot listing: 1,296,529,168 BIO (accounting for 39.05% of the total supply of Genesis tokens).
7. Multiple North Korean hacker addresses traded on Hyperliquid, with a total loss of more than $700,000
Several marked North Korean hacker addresses have recently been trading on Hyperliquid, with a total loss of more than $700,000. Many community members are concerned that these trading activities may mean that North Korean hackers have identified Hyperliquid as a potential target and are testing the stability of the system by executing transactions.
8. Wu Blockchain this week's macro indicators and analysis: Speech by the Governor of the Bank of Japan, Summary of the Bank of Japan meeting
summary
Last week, the Federal Reserve cut interest rates by 25 BPS as expected, but Powell's hawkish attitude is expected to slow down the pace of interest rate cuts next year, and the US core PCE in November was lower than expected. This week coincides with Christmas Day when European and American markets are closed. You can pay attention to the speech of the Governor of the Bank of Japan and the summary of the Bank of Japan's December monetary policy meeting.
Last week review
The Federal Reserve announced a 25 basis point interest rate cut and is expected to slow down the pace of rate cuts next year.
The Bank of England announced that it would maintain its base interest rate at 4.75%.
The number of initial jobless claims in the United States for the week ending December 14 was 220,000, compared with 242,000 in the previous week.
The final annualized quarterly growth rate of real GDP in the third quarter of the United States was 3.1%, in line with expectations and the previous value of 2.8%.
The final annualized quarterly rate of the U.S. core PCE price index in the third quarter was 2.2%, and the revised value was 2.1%.
The Bank of Japan announced that it would maintain its benchmark interest rate at 0.25%.
The U.S. core PCE price index was 2.8% year-on-year in November, lower than the expected 2.90% and the same as the previous value.
This week's key events & indicators
December 24
Bank of Canada releases minutes of December monetary policy meeting (02:30)
The Reserve Bank of Australia releases the minutes of its December monetary policy meeting (08:30)
December 25
Bank of Japan Governor Kazuo Ueda delivers a speech
December 26
Number of initial jobless claims in the United States as of December 21 (10,000 people) (21:30)
December 27
The Bank of Japan released a summary of the opinions of the board members at the December monetary policy meeting (07:50)
