Bigbear

@khersali

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1455 Followers

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Trump and David Sacks will hold a press conference tomorrow to discuss how the Trump administration and Congress will work together to secure America's leadership in the digital asset ecosystem.

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MicroStrategy might be required to pay federal income tax on its unrealized Bitcoin gains due to the 15% "Corporate Alternative Minimum Tax" (CAMT), which is calculated based on adjusted GAAP earnings. Notably, crypto assets are not exempt under this framework. The company is currently in negotiations with the U.S. Internal Revenue Service (IRS) to seek exemptions. If implemented, the tax would take effect starting in 2026.

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The founder of Silk Road has been released after being pardoned by President Donald Trump. Ulbricht, the creator of the darknet marketplace Silk Road, was sentenced to life imprisonment in 2015.

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On January 17, 2025, the U.S. SEC initiated legal action against Nova Labs, Inc., accusing the company of offering unregistered crypto asset securities and committing investor fraud. The SEC is pursuing a permanent injunction against Nova Labs, as well as the return of illicit earnings, prejudgment interest, and civil fines.

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The Thai Securities and Exchange Commission is deliberating on the approval of a Bitcoin ETF for listing on the local stock exchange. As of now, Thai investors can only invest in overseas Bitcoin ETFs via a fund of funds product introduced by One Asset Management in mid-2024.

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A pastor from Washington, who defrauded more than 1,500 parishioners of $6 million through a fraudulent cryptocurrency scheme, has been charged with 26 counts. Francie Obando Pinillo claimed that the idea to create the Solano Fi platform came to him in a dream. The pastor now faces up to 20 years in prison.

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The Biden administration's CFTC has issued a subpoena to Coinbase concerning the Polymarket case. Coinbase is required to supply information related to specific customers unless it receives a motion to dismiss or other legal documents before the close of business on January 15, 2025.

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Circle CEO Jeremy Allaire revealed that Circle has donated 1M USDC to President Trump's inaugural committee. The donation was made using digital dollars, and Allaire remarked that the committee's acceptance of USDC is viewed as an endorsement of digital currency.

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MARA, one of the largest publicly traded Bitcoin mining firms in the U.S., has lent 7,377 BTC to third parties, amounting to about 16% of its total reserves. These loans are described as "short-term arrangements with well-established third parties." MARA's long-term goal is to generate enough yield from these loans to cover its operating expenses.

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Story Protocol launched the Story Foundation website. This usually indicates a potential upcoming airdrop.

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In 2024, the total global net inflow into Bitcoin spot ETFs surpassed $35 billion. BlackRock's IBIT led with a net inflow of $37 billion, over three times the $12 billion of the second-ranking Fidelity FBTC. In Ethereum spot ETFs, BlackRock's ETHA also led with a $3.5 billion net inflow, while Fidelity FETH followed with $1.5 billion.

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Bitcoin mining pool Foundry USA Pool returned an incorrect transaction fee of 8.18 BTC (around $777,000), which was mistakenly paid by a user on December 19. The fee was 91,127 times higher than the usual transaction fee.

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Aave and Lido’s total net deposits have surpassed the $70 billion mark for the first time, making them the top two in the DeFi ecosystem. Aave holds $34.3 billion, and Lido holds $33.4 billion, together accounting for 45.5% of the total net deposits among the top 20 decentralized applications.

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Hyperliquid's token, HYPE, has surged by 25% in the past 24 hours, reaching a total market capitalization of $10.9 billion. This rise places HYPE among the top 20 cryptocurrencies, surpassing XLM and DOT, with a FDV of $32.8 billion.

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A golden tree with a red balloon tangled in its branches stands against a clear blue sky, creating a striking contrast.

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The Ethereum community is advocating for an increase in the network's gas limit. Currently, 10% of validators back raising the gas limit beyond 30 million, a move that could lower transaction fees by 15% to 33%. However, increasing the gas limit too quickly could threaten Ethereum's stability and decentralization.

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This photo captures the vibrant beauty of autumn leaves in various shades of green, orange, and red against a bright sky. 🍁

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I love this shot

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