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Karim

@skkarim2244

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Karim
@skkarim2244
Aleš Michl, the governor of the Czech National Bank, said that they are considering buying a small amount of Bitcoin as a diversification strategy for foreign exchange reserves. The decision needs to be approved by the seven members of the CNB Board of Directors. In addition, it is planned to increase the proportion of gold reserves to total assets to 5% by 2028.
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Karim
@skkarim2244
Hong Kong Approves Spot ETFs for Bitcoin and Ethereum; Over 30% of South Korea’s Population Invests in Cryptocurrency, with Trading Volume Surpassing the Stock Market; Singapore’s Central Bank Grants Digital Token Service Licenses to Around 30 Payment Companies; Russian President Putin Signs Digital Currency Taxation Law; Thailand Launches a Crypto Regulatory Sandbox to Support Cryptocurrency Development.
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Karim
@skkarim2244
Nate Geraci, president of The ETF Store, said that Volatility Shares has submitted an application to the U.S. SEC for an exchange-traded open-end index fund (ETF) based on Solana futures, covering 1x, 2x and -1x leverage exposure. Solana futures contracts that trade only on an exchange registered with the Commodity Futures Trading Commission.
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Karim
@skkarim2244
Venture capital USV transferred another 578,000 UNI (about $8.45 million) to Coinbase Prime today. Since December 6, USV has transferred a total of 3.511 million UNI (about $54.56 million) to Coinbase Prime, all of which came from its investment in 2020. The USV address still holds 10.364 million UNI (about $150 million).
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Karim
@skkarim2244
MicroStrategy CEO Michael Saylor released a proposal for the framework, principles and opportunities of digital assets in the United States, and specifically suggested the establishment of Bitcoin reserves, believing that this could create $16-81 trillion in wealth for the U.S. Treasury and provide a new way to offset national debt.
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Karim
@skkarim2244
JUST IN: "Hawk Tuah" girl Haliey Welch issues statement after being sued over her meme coin that crashed 95% hours after launch. "I am fully cooperating with and am committed to assisting the legal team representing the individuals impacted, as well as to help uncover the truth, hold the responsible parties accountable, and resolve this matter."
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Karim
@skkarim2244
According to Bloomberg, Germany's largest bank, Deutsche Bank, is developing an Ethereum L2 blockchain based on ZKsync, introducing a trusted verifier mechanism and granting regulators special supervisory authority to prevent risks of interaction with sanctioned entities.
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Karim
@skkarim2244
Thaksin Shinawatra, the former prime minister of Thailand and the father of the current prime minister, said on the 13th that his friends believe that Bitcoin will reach $850,000, and the Thai people should learn and stay informed, which will undoubtedly be reflected in government policies; the prime minister has instructed to initiate research and efforts to enable Bitcoin to be used for payment, starting with tourist cities; and also consider issuing stablecoins backed by government bonds.
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Karim
@skkarim2244
According to The Block, Goldman Sachs CEO David Solomon stated at the Reuters Next conference that the company may consider entering the Bitcoin and Ethereum markets if U.S. regulations change. He described Bitcoin as speculative but acknowledged its technology addresses certain issues and has drawn significant attention.
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Karim
@skkarim2244
As Pudgy Penguis is about to launch its token, the floor price of Pudgy Penguis has risen by 45% in the past 7 days to over 22 ETH, setting a new record high. Its market value has reached about $760m, surpassing BAYC and becoming the second largest NFT in terms of market value, second only to CryptoPunks ($1.5 billion). Lil Pudghys has also risen by more than 45% in the past 7 days, becoming the eighth largest NFT in terms of market value.
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Karim
@skkarim2244
Tether said that as of the beginning of the fourth quarter of 2024, there were 109 million on-chain wallets holding USDT, more than twice the number of wallets holding Bitcoin and close to the 128 million wallets holding Ethereum. There are 86 million accounts on centralized platforms that have received on-chain USDT deposits.
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Karim
@skkarim2244
El Salvador’s President Nayib Bukele announced the country’s bitcoin portfolio data on December 5, when bitcoin first broke through $100,000. The country’s bitcoin portfolio has accumulated investments of about $270 million, with unrealized gains exceeding $333 million. El Salvador currently holds 6,180 bitcoins, with an average purchase price of $44,739.88, and a return on investment of 122%.
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Karim
@skkarim2244
FOX Business reporter Eleanor Terrett said that the current U.S. Securities and Exchange Commission (SEC) has notified at least two SOL spot ETF applicants that their submitted 19b4 documents will be rejected, and the SEC may not approve any new cryptocurrency ETF applications during the current administration.
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Karim
@skkarim2244
WikiLeaks founder Julian Assange and his supporters launched "Project Spartacus" to mint 76,911 Afghan war log files into Bitcoin inscriptions on the Ordinals to ensure that these records are preserved forever. These files record confidential content in US military operations, including civilian casualties and interrogation methods.
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Karim
@skkarim2244
Binance Futures will launch the following perpetual contracts with up to 75x leverage as below: KAIAUSDT Perpetual Contract and AEROUSDT Perpetual Contract. AERO is the token of Aerodrome, the DeFi project with the largest TVL on the Base chain, and has not yet been listed on Binance spot trading.
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Karim
@skkarim2244
XRP's market value has surpassed USDT, becoming the third largest cryptocurrency by market value, second only to BTC and ETH. XRP's daily trading volume on Upbit, South Korea's largest exchange, reached $3.69 billion, accounting for 27.35%. During the same period, BTC's trading volume was only $339 million, and ETH's trading volume was $225 million.
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Karim
@skkarim2244
Coinbase Chief Policy Officer Faryar Shirzad told CNBC that crypto legislation will be passed fairly quickly in Congress after Trump takes office, and the United States will have the most pro-crypto Congress in history. Shirzad expects "significant movement and hopefully passage of both market structure legislation and stablecoin legislation" in 2025.
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Karim
@skkarim2244
QCP: US employment and labor data will take center stage again this week. ISM manufacturing and PMI data are scheduled for release on Monday and Wednesday, respectively. This week's highlight, however, is NFP data on Friday. The market will be closely monitoring this week's reports to get a better sense of inflation, especially ahead of rate cut decisions on 17-18 December.
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Karim
@skkarim2244
JUST IN: 🇪🇺 European Federation of Journalists representing 320,000 members quits X (Twitter) citing disinformation concerns and collusion by Elon Musk and Donald Trump.
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Karim
@skkarim2244
Pumpfun has come under fire for users allegedly broadcasting harmful and violent behavior through its livestream feature. Some users threatened to commit self-harm, violence, and even shootings if their tokens did not reach market cap targets. Pumpfun said it has arranged for a team to review the situation around the clock.
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