▌MicroStrategy’s stock price rose 477% during the year, second only to AppLovin among U.S. technology companies with a market value of over $5 billion

According to FactSet data, from the beginning of 2024 to last Friday, December 20 At the close, MicroStrategy's stock price had risen 477%, second only to AppLovin among all U.S. technology companies with a market value of more than $5 billion. Previously, the company's shares were up 346% in 2023.

On Monday, MicroStrategy said in a filing that it acquired an additional 5,262 Bitcoins over the past week for approximately $561 million, at a price of $106,662 per Bitcoin. This brings the company’s total holdings to 444,262 Bitcoins.

▌Aave considers integrating Chainlink SVR service

According to a proposal in the Aave Governance Forum, Aave is considering integrating a new Chainlink Oracle – Intelligence Value Recovery (SVR), which aims to redistribute profits from front-running transactions to DeFi users.

Chainlink’s Smart Value Recovery (SVR) is an oracle service designed to capture profits from the Maximum Extractable Value (MEV) to benefit DeFi protocols, and Aave estimates that SVR can capture MEV profits. About 40% of these profits can be redistributed to Aave DAO to benefit users.

As of press time, according to Coingecko data:

BTC’s recent transaction price was US$94,380.70, with an intraday increase or decrease of -0.6%;

ETH’s recent price The transaction price was US$3,399.99, with an intraday increase or decrease of +3.9%;

BNB’s latest transaction price 689.08 US dollars, with an intraday increase or decrease of +6.3%;

SOL's recent transaction price was 188.93 US dollars, with an intraday increase or decrease of +5.3%;

DOGE's recent transaction price was 0.3224 yuan, with an intraday increase or decrease The increase or decrease was +3.6%;

XPR’s recent transaction price was $2.25, with an intraday increase or decrease of +2.5%.

▌Crypto-friendly Senator Bernie Moreno has been appointed to the Senate Banking Committee

Cryptocurrency-friendly Senator-elect Bernie Moreno (R-Ohio) has Appointed to the Senate Banking Committee. The Senate Banking Committee, which could be key to getting crypto-related bills off the ground in 2025, has jurisdiction over two key agencies: the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission. Other pro-cryptocurrency lawmakers, including Sen. Cynthia Loomis (R-Wyo), was assigned to remain on the committee.

The full Senate is expected to confirm the appointments early in the next Congress. According to the statement, Moreno was also appointed to the Senate Commerce Committee, Senate Budget Committee and Senate Homeland Security and Affairs Committee.

▌The IRS said in a lawsuit that crypto pledges should be taxed

The U.S. Internal Revenue Service (IRS) said in a lawsuit that staking cryptocurrencies should be taxed immediately upon completion Incur tax liability.

The IRS dismissed a lawsuit filed by cryptocurrency investor Joshua Jarrett in the U.S. District Court for the Middle District of Tennessee. The lawsuit concerns the tax treatment of staking, a process in which new tokens are generated by using existing tokens and computing power to verify currency transactions. In its response on December 20, the IRS denied that staking created new property and argued that the taxpayer (Jarrett) should pay taxes on the value of the tokens as rewards for staking when they receive them.

▌Grayscale submitted Grayscale Horizen Trust (ZEN) Form 8-K to the U.S. SEC

According to market news, Grayscale has submitted a Grayscale form to the U.S. Securities and Exchange Commission (SEC) Horizen Trust (ZEN) Form 8-K.

▌MoonPay is negotiating to acquire crypto payment platform Helio for $150 million

According to Fox Business News reporter Eleanor Terrett, crypto payment service provider moonpay It is negotiating to acquire Helio for approximately US$150 million, which would be MoonPay's largest acquisition to date.

Helio is a Coinbase Commerce alternative that provides a self-service crypto payments platform that enables content creators and e-commerce merchants to get paid in cryptocurrency. It currently offers “white label solutions” that include trading infrastructure for Solana Pay and DEX Screener.

▌Crypto.com launches sports prediction market in the United States

Crypto.com announced the launch of a sports prediction market in the United States, and American customers can now place bets on sports events using various cryptocurrencies. , starting with the Super Bowl. If your forecast is correct, you can get paid within one business day of settlement.

Company spokesman Matt David said the product will leverage Crypto.com's popularity among U.S. sports fans to serve the growing number of cryptocurrency traders who want to bet on the outcomes of real-world events. .

▌Robinhood CEO: The issue of establishing Bitcoin reserves has been discussed within the company

Robinhood CEO Vladimir Tenev said on the Anthony Pompliano podcast that the issue of holding Bitcoin has been discussed internally, but the company has not maintained it Plans for BTC Reserves. He said: "We would not rule it out. So far, we have not done that, we are not in the business of investment managers."

The CEO continued to say that although Robinhood While he has not followed in the footsteps of companies like MicroStrategy and Tesla in adding Bitcoin to their balance sheets, his company's share price is "already highly correlated to Bitcoin even though we haven't even included Bitcoin in our inventory yet." Robinhood stock (ticker: HOOD ) is up 202% this year, and Bitcoin has returned 110% year-to-date.

▌Analysis: There have been at least three 20% declines in the previous bull market, and this correction has not yet been touched

The Block CEO Larry Cermak pointed out on The Scoop podcast that before The crypto bull market has seen at least three 20% declines, and he said: “Even the latest decline has not reached that level. 20%. In historical bull markets, this often happens once or twice, sometimes even three times, to clear out over-leveraged positions in the market and build momentum for the next rally.”

Larry Cermak added: "It is beneficial to clear out excessive leverage. Of course, bull markets also tend to end this way."

▌Santiment: When retail investors panic sell, whales and Sharks will buy on dips and trigger a market rebound

Santiment, an encryption market research organization, posted on the X platform that the encryption market has further corrected this week, triggering panic among retail investors. Bitcoin and Ethereum, in particular, have been subject to a lot of panic selling from new traders who have just entered the market in the past 2-3 months. These new traders have not experienced medium-sized corrections before, and they are panicked by the foreign market environment with which they are unfamiliar. Historically, when retail investors start selling due to panic and emotion, whales and sharks usually seize the opportunity to buy more coins with less resistance, triggering a price rebound that may not happen immediately, but market conditions It's moving in the right direction.

▌Virtuals Protocol ecological tokens generally rose, and GAME rose 69.5% in 24 hours

Golden Finance reported that market conditions showed that Virtuals Protocol ecological tokens generally rose, including:

AIXBT is currently quoted at US$0.3324, with a 24-hour increase of 21.5%;

GAME is now quotedThe quoted price is US$0.2601, with a 24-hour increase of 69.5%;

LUNA is currently quoted at US$0.1128, with a 24-hour increase of 32.3%;

The market fluctuates greatly, please control risks.

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

Today’s panic and greed index rose 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%).

▌The yield on the 10-year U.S. Treasury bond rose to 4.597%

The yield on the 10-year U.S. Treasury bond rose to 4.597%, the highest level since May 30 the highest level since Japan.

▌The Federal Reserve will solicit opinions on adjustments related to bank stress tests

The Federal Reserve said on Monday that Wall Street banks will have the opportunity to comment on a series of adjustments to the Fed's annual bank stress tests. The Fed said it would seek public comment on the model it uses to determine banks' assumed losses and earnings under stress scenarios, and suggested reforms also include averaging results over two years to reduce year-to-year changes in capital requirements resulting from stress tests. "These proposed adjustments will not have a material impact on overall capital requirements," the Fed said in a press release. The Fed analyzed the current stress tests and decided to adjust them to increase resilience. The regulator plans to launch a public consultation process on potential adjustments to the stress tests in early 2025.

▌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 or cash 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.