▌BTC fell below US$96,000

The market showed that BTC fell below US$96,000 and is now trading at US$95,963.33, with a 24-hour drop of 0.94%. The market fluctuates greatly, so please control risks.

▌Fed Goolsby: The inflation rate is still expected to reach 2%

The Federal Reserve Goolsby said the inflation rate is still expected to reach 2%. Today’s data shows that the recent Stronger inflation is just a "bump." He also said that his prediction is that the interest rate path in 2025 will be slightly lower. Interest rates are likely to fall significantly over the next 12 to 18 months.

As of press time, according to Coingecko data:

BTC’s recent transaction price was US$97,368.45, with an intraday increase or decrease of +0.3%;

ETH’s recent price The transaction price was US$3,468.03, with an intraday increase or decrease of +1.4%;

BNB’s latest transaction price 682.60 US dollars, with an intraday increase or decrease of +2.2%;

SOL’s recent transaction price was $195.01, with an intraday increase or decrease of -0.2%;

DOGE’s recent transaction price was 0.3276 yuan, with an intraday increase or decrease of The increase or decrease was +3.4%;

XPR’s recent transaction price was $2.27, with an intraday increase or decrease of -1.3%.

▌U.S. Republicans launch Plan C to try to avoid shutdown

U.S. House Republicans are looking for ways to avoid a shutdown, and their second funding proposal was blocked Thursday night veto. There are still a few hours left before the Friday deadline. House Speaker Johnson said earlier on Friday that Republicans had reached a Plan C to avoid a shutdown and planned to hold a vote soon. Senate Republicans reacted to what they called a "chaotic farce" and a "miserable failure" over the failure of two proposals to fund the U.S. government through Christmas that they witnessed in the House. Incoming Senate Majority Leader John Thune (Republican) said as he left the Capitol: "I think everything is back to square one."

▌ Japan's Liberal Democratic Party promotes cryptocurrency tax reform, proposing a 20 % Separate tax

According to Coinpost reports on December 20, the Web3 Working Group of Japan’s Liberal Democratic Party’s Digital Society Promotion Headquarters reported that Representative Akihisa Shiozaki reported that the Liberal Democratic Party’s Government Affairs Investigation Committee officially approved the “Concerning the Regulation of Taxation” on the 19th. Urgent Proposal for the Transformation of Crypto-Assets into Economically Beneficial Assets”. The report points out that under the current tax system, income generated from crypto-asset transactions is in principle classified as miscellaneous income and subject to comprehensive tax at a maximum rate of 55% (income tax and resident tax combined), which is more harsh than others. . In view of the above points, and whether crypto-assets should be considered financial assets that should be invested by the public, the following points should be considered: Change profits and losses arising from crypto-asset transactions to a 20% tax rate and implement a "declaration and separate taxation" systemAllow losses in the amount of crypto-asset income to be carried forward and deducted (can be used within the next 3 years). Crypto-asset derivatives transactions are also subject to the "declaration and separate taxation" system

▌Saga will launch Vaults 2.0 in 2025

According to news on December 20, the modular blockchain Saga tweeted that it will launch Vaults 2.0 in 2025. Vaults 2.0 will provide unstaking and re-staking functions; introduce new LP rewards, stake and provide liquidity on Saga Uniswap to maximize returns; wallet staking and LPing bonuses. LPing rewards will be earned based on fees generated, liquidity provided, and tokens held.

▌Mantle Network will launch ZK validity Rollup through Succinct SP1

According to news on December 20, modular L2 network Mantle announced a cooperation with ZK certification startup Succinct, which will be launched in 2025 In the first quarter of this year, the ZK Validity Rollup (ZK Validity Rollup) test network was launched through Succinct SP1, which represents Mantle’s transformation from the current Optimistic The Rollup model is transformed into a ZK effectiveness Rollup model. Mantle said, “Through ZK Validity Rollup, the finality time can be shortened from 7 days to 1 hour, making Mantle Network economically closer to Ethereum L1, thereby achieving better exchange market spreads and lower Slippage, better currency market, etc. ”

▌Trump encryption project WLFI increased its holdings of 759 ETH

According to ARKM monitoring, Trump Popular encryption project WLFI in 2.5 million USDC was spent 6 minutes ago and converted into 759 ETH.

▌French regulator authorizes BPCE subsidiary to conduct cryptocurrency business

The French financial market regulator Autorité des Marchés Financiers (AMF) has approved French bank BPCE to conduct cryptocurrency business. According to an official notification issued by the AMF on December 20, BPCE’s cryptocurrency subsidiary Hexarq has obtained Crypto Asset Service Provider (CASP) authorization. Following the approval, Hexarq is officially authorized to offer a range of crypto services, including crypto custody, as well as buying, selling and trading cryptocurrencies against the euro.

▌Digital bank and blockchain platform Metallicus acquires Bonifii, connecting more than 70 credit unions to Metal blockchain

Digital bank and blockchain platformBlockchain platform Metallicus has announced the acquisition of fintech services company Bonifii, a Credit Union Service Operator (CUSO) connected to 70 credit unions. The acquisition brings Metallicus’ total number of credit union partners to more than 80, more than 16 of which already leverage Metal blockchain technology. Prior to the acquisition, Bonifii had raised approximately $20 million in several early-stage investment and seed rounds. Details of Metallicus’ financial health appear to have not been made public, with CoinMarketCap reporting that Metal Blockchain has a market capitalization of $13.65 million.

▌The three major U.S. stock indexes collectively opened lower, and cryptocurrency concept stocks collectively fell

The three major U.S. stock indexes collectively opened lower, with the Dow Jones Industrial Average falling 0.36% and the Nasdaq Composite Index falling 0.36%. fell 0.94%, and the S&P 500 index fell 0.57%. Cryptocurrencies plummeted, and related concept stocks fell collectively. Coinbase, Bit Digital, Canaan Technology fell more than 3%, and MicroStrategy fell more than 2%.

▌Today’s panic and greed index dropped to 73, and the level is still greedy

Today’s panic and greed index dropped to 73, and the level is still greedy. Note: The panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market research (15%) + Bitcoin’s popularity in the entire market Proportion (10%) + Google hot word analysis (10%).

▌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 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 improve your riskRisk awareness.