▌Texas House of Representatives calls for establishing Bitcoin reserve

Texas House of Representatives Congressman Giovanni Capriglione introduced a bill in December calling for the Lone Star State to establish a Bitcoin reserve. The draft bill stipulates that Texas must hold Bitcoin for at least five years. Under the bill, cryptocurrencies must be stored in cold storage, meaning on some type of device that is not connected to the internet, and the assets cannot be used for transactions outside of Texas.

▌Interpol wants Hex founder Richard Heart on charges of tax evasion of hundreds of millions of euros and violence

Interpol has issued a "red notice" to its member states on behalf of Finland for Hex and PulseChain founder Richard James Schueler, commonly known to cryptocurrency investors as Richard Heart. A Red Notice is a formal warning to an INTERPOL member country that a valid arrest warrant has been issued for a person. If the wanted person is detained in another country, the warrant usually triggers extradition proceedings. In the case, Finland issued an arrest warrant for Schueler on charges of tax evasion of "hundreds of millions of euros" and an alleged assault on a 16-year-old, according to the website of EU law enforcement agency Europol. "Schueler failed for years to file corporate tax returns and failed to include income information on pre-populated personal tax returns...tax evasion totaling hundreds of millions of euros," the website said, which also described Schueler's assault charges. , he allegedly assaulted a 16-year-old girl.

As of press time, according to Coingecko data:

BTC’s recent transactions The price is US$97,188.00, with an intraday increase or decrease of -0.1%;

ETH’s recent transaction price was US$3,358.39, with an intraday increase or decrease of -3.0%;

BNB’s recent transaction price was US$665.26, with an intraday increase or decrease of -2.6% ;

SOL’s recent transaction price was US$182.55, rising or falling during the dayRange -6.5%;

DOGE’s recent transaction price was 0.319 yuan, with an intraday rise or fall of -1.6%;

XPR’s recent transaction price was $2.24, with an intraday increase or decrease of -1.4%.

▌The French Financial Market Authority has approved HEXARQ SAS to provide trading services and cryptocurrency custody

The French financial markets regulator Autorité des Marchés Financiers (AMF) has approved HEXARQ SAS to provide trading services and cryptocurrency custody.

▌El Salvador plans to increase its purchase of BTC, with a medium-term goal of increasing its holdings of 20,000 BTC

Max Keiser, a senior Bitcoin consultant in El Salvador, said, “President Booker has increased his daily Bitcoin purchases, with a mid-term goal of purchasing another 20,000 Bitcoins.

▌UAE Ministry of Interior and FSRA cooperate to combat virtual asset-related crimes

The Ministry of Interior of the United Arab Emirates (UAE) and the Abu Dhabi International Financial Center (ADGM) )’s Financial Services Regulatory Authority (FSRA) has signed a memorandum of understanding to enhance coordination in combating virtual asset-related crime. The agreement requires both parties to share information and strengthen risk mitigation frameworks. The agreement is also reportedly intended to support the UAE’s strategy to protect its financial system from evolving threats in the digital asset space

▌Informed sources: U.S. Plans to blacklist Sophgo, an AI company associated with Bitmain

A person familiar with the matter revealed that Biden plans to blacklist Sophgo, an artificial intelligence company associated with Bitmain. Listed on the U.S. Department of Commerce’s restricted trade list because the company’s TSMC-manufactured chips were illegally incorporated into Huawei’s artificial intelligence processors.

▌ai16z founder: Aethir will provide free GPU computing power to Eliza agent developers

ai16zFounder Shawn posted on the Cryptocurrency

▌Bitcoin mining company Hut 8 has purchased 990 Bitcoins for approximately $100 million

Bitcoin Mining Company Hut 8 have purchased 990 Bitcoin (BTC) for approximately $100 million.

▌An American YouTube blogger discovered that the Taliban often trade Meme coins and were rug pulled

An American YouTube blogger discovered that the Taliban often trade Meme coins and are subject to rug pulls.

▌The transaction volume of NFT in the past week reached 304 million US dollars, and Ethereum NFT accounted for 66%

CryptoSlam data shows that NFT sales reached US$304 million in the past week, a month-on-month increase of over 35%. Among them, Ethereum NFT sales increased 76% month-on-month to $201 million, accounting for 66% of all NFT sales in the past seven days. This compares to $40 million in Bitcoin NFT sales and $29 million in Solana NFT sales. Weekly sales for Mythos Chain, Immutable, Polygon, and BNB Chain totaled $25.9 million.

▌Report: A total of 165 security incidents have occurred in the Web3 field so far in 2024, with losses exceeding US$2.3 billion

According to Cyvers' report summarizing key security trends in 2024, Web3 network threats will increase dramatically in 2024, with losses exceeding US$2.3 billion and a total of 165 security incidents. The amount of losses, while 40% higher than in 2023 ($1.69 billion), is still $1.42 billion lower than in 2022 ($3.78 billion). Notably, $1.3 billion in stolen funds was recovered this year. Access control-related incidents (67 incidents) accounted for $2.3 billion in losses, Cyvers said81%, approximately 98 smart contract vulnerabilities resulted in losses totaling $456.3 million, and one address poisoning incident resulted in losses of over $68 million. When breaking down losses by attack vector over the past three years, the data shows that losses related to access control breaches have gradually increased from $769 million in 2022 to $1.9 billion by the end of 2024. In comparison, losses related to code exploits in 2023 and 2024 are much lower than the approximately $3 billion in losses in 2022.

▌UBS: The outlook for U.S. stocks remains optimistic, and the S&P 500 index may reach 6,600 points by the end of next year

UBS said in a research report that the outlook for the U.S. stock market remains optimistic against the backdrop of a strong U.S. economy, optimism about artificial intelligence, and the United States' future growth. We expect the S&P 500 to reach 6,600 by the end of 2025. Investors can consider using structural strategies to deal with volatility. We believe gold remains an effective portfolio hedge amid geopolitical tensions. (Golden Ten)

▌Biden signs emergency funding bill to prevent US "shutdown"

According to the Associated Press, US President Biden signed an emergency funding bill to prevent a "shutdown". This latest bill will continue to provide operating funds for the United States until March next year, thereby preventing some federal agencies from falling into a "shutdown" after 0:00 on the 21st Eastern Time.

▌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 of cryptographic proofsEnsure the data is 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.