▌Ethereum may become a reserve asset

Bankless co-founder Ryan Sean Adams on social media The article stated that it is possible for Ethereum to be used as a reserve asset.

▌Zhao Changpeng: I am very happy to contribute to the acquisition of Twitter

Zhao Changpeng posted on the X platform Said that he was happy to contribute to the acquisition of Twitter, and at the same time forwarded the news that Binance invested US$500 million in Musk’s acquisition of Twitter.

As of press time, according to Coingecko data:

BTC’s recent transactions The price is US$101,528, with an intraday increase or decrease of -0.8%;

ETH’s recent transaction price was US$3,874.98, with an intraday increase or decrease of -1.5%;

BNB’s recent transaction price was US$714.49, with an intraday increase or decrease of -2.4% ;

SOL’s recent transaction price was US$220.33, with an intraday increase or decrease of -2.8%;

DOGE's recent transaction price was 0.3973 yuan, with an intraday increase or decrease of -3.7%;

XPR's recent transaction price was $2.40, The intraday increase or decrease was -0.9%.

▌The South Korean Congress passed the impeachment case of Yin Xiyue

According to market news, South Korea The National Assembly held a second vote on the impeachment case of President Yun Xiyue and received enough votes to pass the impeachment case. According to procedures, after the impeachment case is passed by Congress, it will be handed over to the Constitutional Court for trial, which can last up to 180 days.

▌South African regulators have granted 248 cryptocurrency licenses and rejected 9 applications

Golden Finance reported, according to News.bitcoin , South Africa’s financial regulator, the Financial Sector Conduct Authority (FSCA), hasA total of 248 cryptoasset service provider (CASP) licenses were issued out of 420 applications received. According to local reports, 56 applications are still under review, while nine have been rejected and 106 entities have withdrawn their applications after the FSCA raised concerns about their business models.

▌ Wang Xin, Director of the Research Bureau of the Central Bank: Will cut reserve requirements and interest rates in a timely manner to increase monetary and credit investment

At the 2024-2025 Annual Economic Conference held today at the International Economic Exchange Center, Wang Xin, director of the Research Bureau of the People's Bank of China, said that it is necessary to appropriately increase monetary support, cut reserve requirements and interest rates in a timely manner, and increase monetary and credit investment. Generally speaking, the moderately loose monetary policy next year will be moderately effective based on the supportive stance this year. Appropriately increase aggregate and structural monetary support, cut reserve requirements and interest rates when appropriate, increase monetary and credit supply, and increase support for key strategies, key areas, and weak links. Financing conditions for the real economy will be more relaxed. More effectively meet the needs of development and help achieve an optimized combination of stable growth, stable employment and reasonable price recovery. Wang Xin revealed that in the next stage, efforts will be made to increase the monetary aggregate to fully meet effective financing needs and promote the full flow of funds into the real economy.

▌Uniswap v3 is being deployed on Sonic and will be launched soon

According to news on December 14, Oku, a professional front-end trading platform based on Uniswap V3, issued a document saying that Uniswap V3 will be deployed on Sonic (formerly Fantom Opera). The proposal states that all Uni V3 contracts have been deployed on Sonic and no further action is required by the DAO.

▌Bitwise CEO: AI agents need cryptographic systems and trade with stablecoins and Bitcoin

Hunter Horsley, CEO of Bitwise, posted on the X platform that a new system is needed for AI agents. This system is cryptocurrency. They will trade using stablecoins and Bitcoin, they will lend via DeFi, they will use smart contracts and won’t require courts, and they will have tokenized ownership and management. It may be too early to talk about this topic, but cryptocurrencies are not just digital versions of gold and stock-like investments. It will create a new, independent financial system and property for people and entities in the digital worldTie.

▌Trump encryption project WLFI purchased more than 500,000 ENA

3 hours ago , Trump crypto project WLFI spent 500,013 USDC to purchase the first 509,955 ENA at an average price of $0.981. Overall, World Liberty Financial has spent $44.41 million on 5 crypto assets since November 31, including: • 8,105 ETH (cost: $30 million, average purchase price: $3,701), current price + $1.29 million • 102.9 cbBTC (cost: $10 million, average purchase price: $97,181), current price +$410,000 • 78,387 LINK (cost: $2 million, average purchase price: $25.51), current price +$290,000 • 5,886 AAVE (cost: $1.91 million, average purchase price: $324.4), current price +25.2 US$ 500,000 • 509,955 ENA (cost: US$ 500,000, average purchase price: 0.981 US dollars), current price +81,300 US dollars

▌This week’s NFT transaction volume reached US$224.41 million, a month-on-month increase of 16.27%

According to News.bitcoin According to reports, between December 7 and December 14, NFT transaction volume increased by 16.27% month-on-month, reaching $224.41 million on 22 different blockchains. Ethereum leads the way with over $119 million in transaction volume, a 22% increase from the previous week. Bitcoin's NFT ranked second, with a total of US$51.64 million, a month-on-month increase of 14.31%, while Solana followed closely, with a transaction volume of US$21.44 million, a month-on-month increase of 32%. In addition, BNB Chain increased by as much as 368% month-on-month, while Blast soared by 262%. The most popular collection is Ethereum-based Pudgy Penguins, with transaction volume increasing by 52% month-on-month.

▌The Federal Reserve may hint that it will suspend interest rate cuts in early 2025

Golden Finance reported that analyst Megan Leonhardt said that despite failure to make progress in curbing inflation in November, federal funds futures showed that the Federal ReserveThere is almost a 100% chance that policy makers will cut the benchmark interest rate by another 25 basis points. The justification for a rate cut may depend on Fed officials' desire to keep the benchmark rate in line with current economic conditions, as inflation has fallen sharply from its 2022 peak and a previously tight labor market is normalizing. But don’t be surprised if next week’s rate cut is accompanied by forward guidance from Powell, suggesting the Fed will seek to pause rate cuts early in the year. Not only does the Fed have to keep inflation under control, but many fiscal outcomes in the coming year may change the direction of inflation. Additionally, there do exist pockets of weakness in the labor market that deserve a closer look. All of this creates a directional challenge for the Fed in the coming months, with policymakers likely to avoid taking action with alarming speed.

▌ Will cut reserve requirements and interest rates in due course to increase monetary and credit investment

At the 2024-2025 Annual Economic Conference held today at the International Economic Exchange Center On the meeting, Wang Xin, director of the Research Bureau of the People's Bank of China, said that it is necessary to appropriately increase monetary support, cut reserve requirements and interest rates when appropriate, and increase the supply of money and credit. Generally speaking, the moderately loose monetary policy next year will be moderately effective based on the supportive stance this year. Appropriately increase aggregate and structural monetary support, cut reserve requirements and interest rates when appropriate, increase monetary and credit supply, and increase support for key strategies, key areas, and weak links. Financing conditions for the real economy will be more relaxed. More effectively meet the needs of development and help achieve an optimized combination of stable growth, stable employment and reasonable price recovery. Wang Xin revealed that in the next stage, efforts will be made to increase the monetary aggregate to fully meet effective financing needs and promote the full flow of funds into the real economy.

▌What is Rollup?

Rollup is a way of processing transactions on a Layer 2 protocol that frees up valuable space in the base layer. Rollup folds transactions one by one on the second layer, sometimes dozens of times, then rolls them together before sending the data back to Layer 1. There are two main types of Rollups, optimistic and zero-knowledge (ZK) proofs. Optimistic Rollup is a fairly clear term. This means that Rollup operates with an "optimistic" approach, assuming transactions are valid unless proven wrong by the validator. They will check the validity of the transaction only if there is a dispute. ZK Rollup certifies transactions without revealing any transaction data. Therefore, it is called "zero knowledge". ZK Rollup provides instant finality because cryptographically proven data is guaranteed to be valid. In many ways, Rollup is to your standard blockChain transactions are what Calzone is to regular pizza slices. By scrolling, you can put more stuff in.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.