▌U.S. Senator Cynthia Loomis proposes allowing the Federal Reserve to hold Bitcoin

U.S. Senator Cynthia Loomis of Wyoming recently mentioned the possibility of turning Bitcoin into a reserve asset nature and proposed how to implement the plan, including involving the Federal Reserve.

Loomis said she wants to give the Federal Reserve the ability to buy and hold BTC as part of a larger strategic Bitcoin reserve plan to deal with debt issues. I want to give it to them. I would like our federation to have a strategic Bitcoin reserve to help support the U.S. dollar as the world's reserve currency.

▌MicroStrategy Bitcoin purchases exceed 2021 bull run levels

According to the Saylortracker page, MicroStrategy purchased 27,200 BTC on November 10, 2024, for about $74,000 each. MicroStrategy purchased an additional 51,780 BTC on November 17, followed by 55,500 BTC on November 24 for approximately $97,000 each, marking its largest ever BTC purchase.

MicroStrategy’s largest acquisition during the 2020-2021 bull market was 29,646 Bitcoin on December 21, 2020, when Bitcoin was trading around $21,000.

As of press time, according to Coingecko data:

BTC’s recent transaction price was US$94,858.45, with an intraday increase or decrease of -2.4%;

ETH’s recent price The transaction price was US$3,268.93, with an intraday increase or decrease of -1.9%;

BNB’s latest transaction price 648.19 US dollars, with an intraday increase or decrease of -2.2%;

SOL's recent transaction price was 179.51 US dollars, with an intraday increase or decrease of -0.5%;

DOGE's recent transaction price was 0.3112 yuan, with an intraday increase or decrease of The price range was -2.2%;

XPR’s recent transaction price was US$2.19, with an intraday increase or decrease of -2.1%.

▌Trump: Bo Hines will become executive director of the President’s Digital Asset Advisory Council

According to Tree News, Trump appoints former college football player, Republican House nominee Bo Hines will become executive director of the President’s Digital Asset Advisory Council (Crypto Council).

▌El Salvador strengthens support for Bitcoin: buying Bitcoin in violation of International Monetary Fund agreement

El Salvador has made it clear that it will continue to promote Bitcoin as its economypart of the strategy, although the country has signed an agreement with the International Monetary Fund to gradually wind down its Bitcoin operations.

Stacey Herbert, director of El Salvador’s Bitcoin Office, clarified that the country will continue to purchase Bitcoin at an “accelerated” pace even after the agreement is reached, which is its strategic Bitcoin reserve part of the strategy. Herbert also explained on social media that Bitcoin will remain legal tender and will continue to sponsor several cryptocurrency-focused educational programs.

▌Pulsechain founder, was included on Europol Finland’s wanted list for fraud

Richard Shueler, founder of Hex, Pulsechain and Pulsex, was included on Europol’s wanted list for fraud Organize Finland's most wanted list. He allegedly failed to file business tax returns and provide income information. He also faces charges of battery on a minor.

▌Sui realizes Bitcoin re-hypothecation through SatLayer integration

Bitcoin re-hypothecation platform SatLayer announced on Wednesday that it will put Bitcoin in decentralized finance Usage in Sui extends to the fast layer 1 blockchain launched last year.

SatLayer said in a statement that due to Sui’s focus on fast transaction speeds, SatLayer’s integration will enable developers to build DeFi applications that leverage Bitcoin’s $2.1 trillion market size. Designed to exclude third parties from transactions in areas such as trading and lending.

▌Hamster Kombat: Season 2 will start with three games to build the foundation of HamsterVerse and is starting closed beta testing

Hamster Kombat announced that Season 2 will start with three games instead of one. They will form the basis of the Hamster Verse. Hamster Verse is an entertainment ecosystem built around the characters and storyline of Hamster Kombat. All Hamster Verse games will use HMSTR tokens on a regular basis. The team is launching closed beta testing.

▌Vancouver Mayor Ken Sim: Bitcoin is the best-performing asset in the past 16 years

Vancouver Mayor Ken Sim: Bitcoin It has been the best performing asset over the past 16 years. It's better than gold. It will not be captured by military force. It could make Vancouver a world leader in Bitcoin innovation.

▌Securitize Proposes to Use BlackRock BUIDL Fund as Collateral for Frax USD

Securitize, the brokerage firm behind the Digital Liquidity Fund (BUIDL), has submitted a Frax improvement proposal,Add BUIDL as supported collateral for the Frax USD stablecoin.

Under the proposed improvements, using BUIDL as a collateralized reserve asset could provide yield opportunities, deeper liquidity and transfer options, and reduce counterparty risk thanks to the backing of BlackRock, the world’s largest asset manager.

▌Analyst: Mainstream trading platforms in Europe and the United States will be closed on Christmas, and they do not rule out a deleveraging before Trump takes office

Greeks.live analyst Adam said on social media The article stated that this Wednesday is Christmas, and major trading platforms in Europe and the United States are closed, and crypto funds usually show outflows this week. Currently, ETFs are the main source of external funds for the crypto market. The pressure of capital outflows on the crypto market has increased significantly compared with previous years, and the market has a strong risk aversion sentiment.

There has been no major correction in this bull market. Funds are now tight during the Christmas holidays. It is not ruled out that there will be a deleveraging before Trump takes office. The market has strong risk aversion. Nearly 12 billion U.S. dollars of options have expired in the options market, accounting for more than 40% of the current total positions. Large investors and market makers are actively adjusting positions. Paying more attention to the market can occasionally get good opportunities to pick up opportunities. There is not much expected volatility on Christmas this week. The market is more betting on the market situation before and after Trump takes office at the end of January. It is still a good opportunity to buy options in the near future.

▌Arthur Hayes deposited 2 million ENA to Bybit, worth US$2.06 million

According to OnchainLens monitoring, Arthur Hayes had deposited 2 million ENA to Bybit 2 hours ago. Valued at $2.06 million, the average price is $0.97. Previously, he had redeemed 9.01 million ENA and deposited $7 million in ENA to Binance.

▌Father of Keras: The economics of artificial intelligence are about to change completely

François Chollet, a well-known AI expert and the father of Keras, posted on X that regarding There’s something very important to know about the future: the economics of artificial intelligence are about to change forever. We will soon enter a world where test time calculations can be converted into capabilities - and for the first time in the history of software, marginal cost will become critical.

▌What is Ripple Labs’ RLUSD stablecoin?

RLUSD is a stablecoin developed by Ripple Labs, the organization behind the XRP cryptocurrency. RLUSD, or Ripple Labs USD, aims to provide a stable digital currency for trading and trading. As a stablecoin pegged to the U.S. dollar, 1 RLUSD is equal to 1 U.S. dollar. Each RLUSD maintains a 1:1 peg. These collateral assets are either U.S. dollar deposits orCash Equivalents.

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.