▌OpenAI opens full-blood o1 model API, cost reduced by 60%

In the early morning of the 18th, OpenAI started the ninth day of technology sharing live broadcast, officially released the o1 model API, and implemented real-time API A major upgrade to support WebRTC. Among them, the API of the o1 model has reduced the thinking cost by 60% compared with the previous preview version, and comes with advanced visual functions; the audio cost of GPT-4o has been reduced by 60%, and the price of the mini version has dropped by 10 times. At the same time, OpenAI also released a new preference fine-tuning method, which allows large models to better grasp the user's preference style through the direct preference optimization algorithm.

▌Ripple has officially launched the stablecoin RLUSD

Ripple has now officially launched the stablecoin RLUSD.

As of press time, according to Coingecko data:

BTC’s recent transaction price was US$106,109, with an intraday increase or decrease of +0.2%;

ETH The latest transaction price was US$3,888.84, with an intraday increase or decrease of -2.2%;

BNB’s latest transaction price 718.84 US dollars, with an intraday increase or decrease of +0.1%;

SOL’s recent transaction price was 224.18 US dollars, with an intraday increase or decrease of +4.0%;

DOGE’s recent transaction price was 0.3947 yuan, with an intraday increase or decrease of The increase or decrease was -1.3%;

XPR’s recent transaction price was $2.57, with an intraday increase or decrease of +4.0%.

▌In the past week, encryption advocates sent tens of thousands of emails to the U.S. Senate to oppose the re-election of U.S. SEC Commissioner Crenshaw

In the past week, several emails from encryption advocates Thousands of emails flooded into the U.S. Senate urging them to oppose the re-election vote of U.S. Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw.

52,000 supporters of the nonprofit Standwith Crypto sent approximately 107,000 emails to U.S. senators, according to a statement released on Tuesday. This happened about a week after the U.S. Senate Banking Committee canceled a vote on the re-election of Democratic SEC Commissioner Caroline Crenshaw for the second time.

▌The U.S. Ohio House of Representatives has submitted a bill to establish a strategic Bitcoin reserve

The U.S. Ohio House of Representatives has submitted a bill to establish a strategic Bitcoin reserve for the state.

▌Fox reporter: The incoming encryption czar David Sacks will meet with members of Congress on Capitol Hill this week

According to Fox Business reporter Eleanor Terrett’s article on the X platform, the incoming encryption czar David Sacks will meet with members of Congress on Capitol Hill this week. Crypto and AI czar David Sacks will be on Capitol Hill this week with members of Congressmeeting, Speaker Mike Johnson said he looked forward to meeting with Sacks and Kash Patel, Trump's nominee for FBI director.

▌Fox reporter: The Democratic Party can again propose the nomination of SEC Commissioner Crenshaw, but it will be decided by Trump

According to Fox Business reporter Eleanor Terrett’s article on the X platform, during the Senate Banking Committee After giving up her push to nominate anti-encryption SEC Commissioner Caroline Crenshaw for re-election, Crenshaw remains on the committee and can serve until her successor is confirmed or until Congress adjourns next year.

Under congressional procedure, the minority party (in this case, the Democrats) typically recommends candidates to fill minority seats on committees. The president has the discretion to listen to their advice, but he is under no obligation to do so. Therefore, Democrats may renominate Crenshaw at the request of Elizabeth Warren, but it will be up to Donald Trump himself whether to renominate her.

▌The U.S. Department of the Treasury: It has cracked down on a North Korean cryptocurrency money laundering network

The U.S. Treasury Department said on Tuesday that it has cracked down on and shut down a North Korean cryptocurrency money laundering network. Major players in crypto crime laundered millions of dollars.

According to a press release from the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), a UAE-based front company called Green Alpine Trading, LLC was found to be converting cryptocurrencies into cash to fund North Korea. . U.S. sanctions authorities have blacklisted the company.

▌U.S. compliant HR technology service provider Remote cooperates with Stripe to launch USDC payment service

U.S. compliant HR technology service provider Remote announces cooperation with Stripe , allowing the U.S. companies it serves to use USDC to pay wages to 69 contract employees. The feature first supports Coinbase's L2 blockchain Base and is available to U.S. customers. Contract employees can simply choose a new withdrawal method and add their Base network wallet address to receive payments in USDC, while their employer settles in USD. .

▌Bloomberg analyst: A wave of crypto ETFs is expected to appear next year, with XRP and SOL likely to follow LTC and HBAR ETFs

Bloomberg Advanced ETF Analysis Analyst Eric Balchunas said on thefork, that is, a commodity), then HBAR (because it is not marked as a security), followed by XRP, Solana (marked as a security in pending litigation).

▌Analysis: If Bitcoin Rising to $138,000, MicroStrategy’s market value will exceed that of Starbucks and Nike

If Bitcoin rises to $138,000, MicroStrategy’s market value will exceed that of Starbucks and Nike.

With 439,000 BTC, MicroStrategy is the largest corporate holder of Bitcoin, larger than Marathon. Digital’s 40,435 BTC holdings are 985% higher Analysts say monitoring BTC’s price can directly predict MSTR’s market cap potential, which is $114 billion according to MicroStrategy’s Net Asset Value (NAV) worksheet. , and the resulting MSTR The NAV is approximately $40 billion. In the case of MicroStrategy’s BTC holdings, MSTR’s market cap increases by approximately $440 million every time BTC rises by $1,000. Therefore, Bitcoin only rose 11% to $118,810. It will exceed Starbucks’ valuation ranking by 3 per BTC. 2% to $140,000, MSTR’s market value will surpass Nike’s market value provided that MicroStrategy does not increase its current BTC holdings

▌Babylon Lianchuang: Staking will determine the global market value of Bitcoin. Position in the digital economy

Fisher, co-founder of the Babylon project Yu wrote that staking will determine Bitcoin’s status in the global digital economy next year. In addition to benefiting retail investors and allowing them to obtain passive rewards from their BTC holdings, Bitcoin staking also provides an extremely attractive platform for enterprises and investors. opportunities, as of August 2024, countries around the world Holding about 2.2% of the Bitcoin supply, the article stated that the huge opportunities brought by Bitcoin staking are expected to transform Bitcoin from a store of value and medium of exchange into an active asset, thereby further Incentivizing wider participation in decentralized systems and digital assets, Bitcoin staking may be just the beginning of Bitcoin as the foundation for innovation in 2025, and we may see the rise of other native use cases that will continue to grow. Reinforcing Bitcoin’s position as a fundamental asset in the global financial ecosystem

▌Coinbase: Delisting wBTC due to unacceptable risks posed by Justin Sun

According to CoinDesk, Coinbase (COIN). .O) stated that Coinbase delisted wBTC due to the "unacceptable risk" that Justin Sun would bring. Last week, BiT, the issuer of wBTC. Global files a wide-ranging lawsuit accusing Coinbase inappropriately favors its competitor cbBTC. But in a 25-page response, Coinbase said the decision was related to crypto billionaire Justin Sun, founder of the Tron blockchain, who has also been accused of fraud and market manipulation in the United States. According to Coinbase documents, Sun and wBTC were connected through a partnership announced in August. Coinbase said: "Given Justin Sun's involvement, Coinbase, like many other companies in the industry, has raised serious questions about BiT's ability to be a reliable administrator."

▌BlackRock Release 3 Minutes of Bitcoin science education video

BlackRock released a 3-minute educational video explaining what Bitcoin is. The video stated: “Bitcoin is an emerging currency alternative that will change over time. Tell us how widely adopted it is.”

▌For the first time since the beginning of 2023, the market share of BTC-EUR has exceeded that of BTC-JPY

For the first time since the beginning of 2023, the market share of BTC-EUR has exceeded that of BTC-JPY, in terms of trading volume. It is now the third largest BTC-fiat pair. The increase in BTC-EUR trading volume indicates the rising interest in Bitcoin among European investors. This may be due to a combination of factors such as the Eurozone economic situation, regulatory changes, and European investors’ increased awareness of digital assets.

▌The probability that the Federal Reserve will cut interest rates by 25 basis points in December is 95.4%

According to CME's "Fed Watch", the Federal Reserve will maintain current interest rates unchanged until December. The probability of a cumulative interest rate cut of 25 basis points is 4.6%, and the probability of a cumulative 25 basis points cut is 95.4%. The probability of keeping current interest rates unchanged by January next year is 3.8%, the probability of a cumulative 25 basis point interest rate cut is 79.9%, and the probability of a cumulative 50 basis point interest rate cut is 16.3%.

▌The three major U.S. stock indexes collectively closed down, with the Dow recording its longest losing streak in nearly half a century

The three major U.S. stock indexes collectively closed down, with the Nasdaq falling 0.32% and the S&P The 500 Index fell 0.39% and the Dow Jones Industrial Average fell 0.61%. Among them, the Dow recorded nine consecutive daily losses, the longest losing streak since February 1978. Most large technology stocks fell, with Intel and Nvidia falling by more than 1%, Netflix, Google, Amazon, and Meta falling slightly; Tesla rose by more than 3%, and Apple and Microsoft rose slightly. Among them, Nvidia entered the correction range; Tesla and Apple continued to hit new highs.

▌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 RollupType, 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 transaction what Calzone is to your average pizza slice. 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.