Wu Blockchain

Wu Blockchain

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Important Crypto News mainly Asia Lead by Colin Wu 吴说 More Channels: https://t.co/EWW3fUtX5v Contact: Tele colinwu1989 non-financial advice

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Star Xu: Post-2000 Generation May Find Web3 Wallets Safer Than Banks In his speech given on December 4th, the one-year anniversary of OKX receiving its Dubai license, Founder Star Xu stated that the younger generation is becoming the driving force in society. He believes they might consider the wallets of current mainstream crypto exchanges a safer platform for storing their assets than investing in gold.He judged that the latest U.S. government has grasped this trend and is formulating policies to cater to the younger generation, which signals a massive opportunity. Therefore, he believes that a major competition between technology and finance is erupting. Over the next 5 to 10 years, an increasing number of mainstream crypto companies will be able to grow into multi-billion or even multi-trillion dollar FinTech companies. Source：One Year of OKX in the UAE

From December 22 to 26 (ET), Bitcoin spot ETFs saw a weekly net outflow of $782 M, with all 12 ETFs recording net outflows. Ethereum spot ETFs had a weekly net outflow of $102 M. SOL spot ETFs recorded a weekly net inflow of $13.14 M, with all 8 ETFs posting inflows. XRP spot ETFs saw a weekly net inflow of $64 M. sosovalue.com/assets/etf/us-bt...…

California proposes a 5% wealth tax on billionaires with net assets over $1 billion to fund healthcare and state assistance programs, drawing opposition from crypto industry executives. Bitwise CEO Hunter Horsley, Castle Island Ventures founding partner Nic Carter, and Kraken co-founder Jesse Powell argue the tax could trigger entrepreneur and capital flight, and that funds may be inefficiently used. The tax partially targets unrealized gains, so billionaires may need to sell stock or business holdings to pay, either as a lump sum or over five years.

According to Tokenomist, large cliff unlocks (single unlocks exceeding $5 million) scheduled over the next 7 days include HYPE, SUI, EIGEN, KMNO, OP, ENA, ZORA, and SVL. Large linear unlocks (daily unlocks exceeding $1 million) over the same period include RAIN, SOL, TRUMP, WLD, DOGE, AVAX, and ASTER. The total value of tokens set to be unlocked exceeds $585 million over the next 7 days. tokenomist.ai

Hyperliquid cofounder iliensinc announced on Discord that 1.2M tokens from Hyperliquid Labs will be unstaked today to be distributed to team members on Jan 6. Moving forward, distributions, if any, will take place on the 6th of the month. discord.com/channels/102978124...…

Hyperliquid announced on Discord that 1.2M tokens from Hyperliquid Labs will be unstaked today to be distributed to team members on Jan 6. Moving forward, distributions, if any, will take place on the 6th of the month. discord.com/channels/102978124...…

Sberbank has issued the country’s first loan backed by crypto collateral to major Bitcoin miner Intelion Data. The pilot deal’s size, tenor, and collateral details were not disclosed, and the crypto assets are held in custody via Sberbank’s in-house Rutoken solution until repayment. dlnews.com/articles/markets/ru...…

Russia’s largest bank, Sberbank, is considering launching crypto-backed loans that would provide ruble lending secured by digital assets. Deputy Chairman Anatoly Popov said the bank is ready to work with regulators to build the necessary infrastructure and hopes to formally

According to The Chosun Daily, Mirae Asset Group is in talks to acquire Korbit, South Korea’s fourth-largest crypto exchange. Mirae Asset Consulting has signed an MOU with major shareholders. Korbit is currently ~60.5% owned by NXC and subsidiaries, with SK Square holding ~31.5%.

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