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1144 Following
895 Followers
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Morgan Stanley's global market strategist stated in a report that with the help of Trump's victory, 2024 is a crucial year for digital assets, with an expected record breaking $78 billion entering the cryptocurrency market. This capital inflow includes several key components: a net inflow of $27 billion from cryptocurrency funds, $14 billion invested in CME futures, $14 billion raised by cryptocurrency venture capital funds, $22 billion in Bitcoin purchased by MicroStrategy, and another $1 billion in Bitcoin purchased by Bitcoin miners. In other words, MicroStrategy's Bitcoin purchases alone accounted for 28% of last year's record breaking capital inflows into the cryptocurrency market. @gyoepmni
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You don't have time to be timid. @ewo
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According to CoinWarz data, the Bitcoin hash rate (the total computing power that protects the Bitcoin network) reached a historic high of 1000EH/s on January 3rd, which is almost twice the network hash rate 12 months ago. According to CoinWarz data, in January 2024, the hash rate of Bitcoin hovered around 510EH/s. As of the time of writing, the hash rate of Bitcoin has fallen to approximately 780EH/s. @gyoepmni
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I need you like I need the air to breathe. @toforthat
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BitcoinMagazine published an article on X platform stating that Finnish trade newspaper Kauppalehti predicts that Bitcoin will plummet by 40% in 2025. The honeymoon period between Trump and Bitcoin investors will end in the fall as the huge expectations of the cryptocurrency industry have not been met. This, along with the decline in US stock returns, will break Bitcoin's bullish cycle, and by the end of this year, a pullback will cause its peak price to fall by 40%. Many investors are fleeing Bitcoin from US ETFs
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Life does not have to be perfect to be wonderful. @ftiioma3
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According to the rules published in the Federal Register on Friday, the US Internal Revenue Service requires "DeFi brokers" to collect user transaction information. It is reported that DeFi brokers will act like traditional brokers handling securities and will be required to collect information about their users' trades and send them 1099 forms. Brokers must send these 1099 forms to clients. In addition, some participants in the decentralized financial industry are required to submit tax returns that disclose the name and address of each customer. The US Treasury Department pointed out that the final rule applies to "front-end service providers" that interact directly with customers, which means entities operating the main websites used to access decentralized protocols, rather than the protocols themselves. According to the document, the rule is expected to take effect on or after January 1, 2027. @ftiioma
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The very things that hold you down are going to lift you up. — Dumbo @ifty
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According to a report by Mobile Payment Network, the Office of the Standing Committee of the Shanghai Municipal People's Congress has issued a notice stating that the 17th meeting of the 16th Standing Committee of the Shanghai Municipal People's Congress has reviewed the "Several Provisions on Promoting the Use of Blockchain to Empower Electronic Document Applications in Pudong New Area (Draft) in Shanghai". In order to further promote legislative democracy, the draft regulations and related explanations are now released for public consultation, in order to further study and revise them, and then submitted for review at future standing committee meetings. The Regulations on the Application of Electronic Documents support the integration of digital RMB systems into blockchain infrastructure, promoting the use of digital RMB in electronic document storage, valuation, payment, settlement, investment and financing applications. @gyoju
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According to a report by Golden Ten, economists predict that the November non farm payroll report will show that the United States created 200000 jobs in November, while October only added 12000 jobs due to distortions caused by two hurricanes and the Boeing strike. Compared to the unemployment rate of 4.1% in October, the unemployment rate in November may slightly increase to 4.2%. Meanwhile, the average hourly wage is expected to increase by 3.9% in November, following a 4.0% growth in October. Powell stated at an event this week that there is no need to rush to cut interest rates as the economy is still growing, the job market is stable, and inflation remains above the 2% target. When looking ahead to the November non farm payroll report, analysts from TD Securities stated that as the impact of the two hurricanes gradually subsides, it is expected that 75000 jobs will return to the mean in November. @dristov
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Difficult circumstances serve as a textbook of life for people. @securityalliance
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Regarding the long push on how Libra was stifled, Coinbase CEO Brian Armstrong stated that the lesson of Libra is that these tools should be released as open source software and do not require licensing. Once released, they cannot be rolled back, which is the reason for Bitcoin's success and the script Meta followed later on Llama. Code is speech, protected by the First Amendment. @dristov
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Decentralized exchange Curve announced on November 29th that it has partnered with blockchain network Elixir to expand BlackRock tokenized money market fund (BUIDL)'s access to decentralized finance (DeFi). Curve stated that token holders will soon be able to use BlackRock BUIDL to mint Elixer's revenue stablecoin, deUSD. Curve stated, "Institutional Real World Assets (RWAs) worth up to $1 billion can now be minted as deUSD, a profitable synthetic dollar token @ftihvb
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According to Kalshi data, the probability of BTC reaching $100000 by the end of the year is 85%, and $150000 is 9%. According to the average forecast on the Kalshi platform, a BTC price of $125000 may become a reality in the new year of 2025. Analysis suggests that ETFs have played a key role in the rise of Bitcoin prices, absorbing over 90% of the selling pressure from long-term holders. @yogilhm
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Don't wait to be lonely to recognize the value of a friend. @fitness-guru @yogafaris-
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On November 22nd local time, a judge in New York approved President elect Trump's request to withdraw his "hush money" criminal case, setting December 2nd as the deadline for Trump to submit a motion to withdraw and requiring prosecutors to respond before December 9th. It is reported that the sentencing date for Trump's "hush money" case was originally scheduled for November 26th. Manhattan District Prosecutor Bragg requested earlier this week that New York State Supreme Court Justice Juan Mochan consider deferring all litigation proceedings in the case until the end of Trump's presidency. Trump's lawyer believes that this case will create so-called 'unconstitutional obstacles' to Trump's governing ability and must therefore be withdrawn. @ftylmz
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All progress takes place outside the comfort zone. @dri
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DEXX officially announced the latest progress of the theft incident: 1. The team has communicated with law enforcement agencies in multiple places to file a case; 2. Hope to communicate with hackers; 3. The SlowMist team has been connected to conduct a statistical investigation on all users' damaged funds and the flow of hacker funds; 4. We are currently discussing follow-up solutions for users. @gyulnamu
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Kraken, BlockchainCapital, BVNK1. Trump said Musk's efficiency team will release a work report; 2. Proof of failure and Phase 1 of the launch of Kraken's L2 network Ink; 3. EU regulatory agencies develop guidelines on restrictive measures for cryptocurrency providers; SpaceX's financing plan will value the company at over $250 billion; 5. BlockchainCapital recharged 1.43 million EIGEN tokens into Coinbase 7 hours ago; 6. Insiders: stablecoin payment company BVNK is in a new round of financing negotiations to raise $50 million.
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According to the Rule of Law Daily, a man named Deng Gang (pseudonym) was entrusted by his nephew Deng Dawei (pseudonym) to go to a designated location to collect virtual currency transaction funds. However, he was threatened with a knife by buyer Wang Qiang (pseudonym), and Deng Gang was forced to notify Deng Dawei to transfer more than 40000 virtual currencies to the other party. So, does the behavior of suspect Wang Qiang constitute the crime of extortion or robbery? On November 4th, the reporter of "Rule of Law Weekend" learned from the People's Procuratorate of Jianghan District, Wuhan City, Hubei Province that the defendant Wang Qiang was sentenced to four years and eight months in prison for committing extortion and concealing crimes during the first trial.
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