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@fqo

2052 Following
277 Followers


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The inflow of BTC into the exchange (the total amount of BTC transferred to the exchange) and the outflow of BTC by miners (the amount of BTC sent by miners to the exchange) have significantly decreased since November 2024, indicating a reduction in selling pressure. According to CryptoQuant data, after experiencing a peak of approximately two months of exchange inflow activity, BTC inflow on the November 2024 exchange reached a peak of 98748BTC on November 25th. In December 2024, the inflow to the exchange decreased, with a total of 11000 to 79000 bitcoins sent to the exchange per day. The decrease in exchange inflows is accompanied by a decrease in miner outflows, indicating a reduction in selling pressure for Bitcoin miners, who often sell their Bitcoin holdings to pay for operating expenses. @ygotthard
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According to Decrypt, the latest declassified documents obtained by Coinbase through the Freedom of Information Act (FOIA) show that the Federal Deposit Insurance Corporation (FDIC) has explicitly opposed its member banks using public blockchain networks to provide services. According to the document disclosure, the FDIC New York office sent a letter to a member bank in March 2022 expressing concerns about the bank's plan to launch a "bank digital deposit" project on the public chain, requiring a new detailed review before launching any products based on the public chain. In addition, the document also shows that the FDIC had requested member banks to suspend all Bitcoin buying and selling related services and cryptocurrency asset activities. Coinbase Chief Legal Officer Paul Grewal believes that these documents further confirm the existence of the Biden administration's "Operation Chokepoint 2.0" to suppress the cryptocurrency industry through banking regulation. @drinkbeerkillwar.eth
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According to Caixin News Agency, on December 27th local time, it was learned that US President elect Trump has submitted a request to the US Supreme Court to suspend the enforcement of the TikTok forced sale order. Trump said he hopes the court will give him time to resolve this dispute through political means after he officially takes office on January 20th next year. On December 18th local time, the US Supreme Court announced another discussion on the bill to ban TikTok from operating in the United States. According to reports, the US Supreme Court will debate this case on January 10th, allowing the court to make a ruling on the issue before the law takes effect on January 19th. The bill requires TikTok's parent company to divest TikTok by ByteDance, otherwise TikTok will be prohibited from operating in the United States. ByteDance clearly indicates that TikTok business will not be sold @uyp
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