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Golden Morning News丨USDC Treasury once again issued 50 million USDC. BlackRock doubled its investment in IBIT through its global allocation fund.
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2024-12-27 09:03 194
Headlines

▌USDC Treasury issued another 50 million USDCs

According to Whale Alert monitoring, USDC Treasury issued another 50 million USDCs on the Ethereum network 2 minutes ago.

▌BlackRock doubled down on its investment in IBIT through its global allocation fund

BlackRock’s filing with the U.S. Securities and Exchange Commission (SEC) showed that as of October 31, its global The number of shares held by the allocation fund in the Bitcoin spot ETF IBIT has reached 430,770 shares, with a total value of more than $17 million. That’s a 117% increase from the 198,874 shares reported on July 31, a significant increase noted by an X user named MacroScope. Furthermore, the number of IBIT shares currently reported is more than 10 times higher compared to the 43,000 shares registered in the first quarter.

The Global Allocation Fund is a diversified investment product of BlackRock that covers short-term securities such as stocks, bonds, and money market securities in the U.S. and foreign markets. Its investment portfolio is adjusted regularly. Despite BlackRock doubling down on its investments in Bitcoin products, IBIT shares account for just 0.1% of the global allocation fund's total size of $16.5 billion.


Quotes

As of press time, according to Coingecko data:

BTC’s recent transaction price was US$95,670.29, with an intraday increase or decrease of -3.7%;

ETH’s recent price The transaction price was US$3,329.83, with an intraday increase or decrease of -4.7%;

BNB’s latest transaction price 687.62 US dollars, with an intraday increase or decrease of -2.1%;

SOL's recent transaction price was 188.29 US dollars, with an intraday increase or decrease of -4.6%;

DOGE's recent transaction price was 0.3121 yuan, with an intraday increase or decrease The price range was -6.6%;

XPR’s recent transaction price was US$2.15, with an intraday increase or decrease of -6.2%.


▌Strive Asset Management applied for a Bitcoin Bond ETF to the U.S. SEC

Vivek Ramaswamy’s Strive Asset Management applied for a Bitcoin Bond ETF to the U.S. Securities and Exchange Commission (SEC).

▌Bitwise has submitted an application for the Bitcoin Standard Company ETF to the US SEC

Bitwise has submitted an application for the Bitcoin Standard Company ETF to the US Securities and Exchange Commission (SEC). The fund is designed to provide exposure to stocks of companies that adopt #Bitcoin standards and have at least $1,000 in BTC in their corporate finances.

▌Two former executives of cryptocurrency exchange FTX received reduced sentences

According to the Washington Post, the sentences of two former executives of cryptocurrency exchange FTX were reducedThe seven-and-a-half-year sentence that Ryan Salame began serving in October appears to have been shortened, and he is now expected to be released in March 2031, according to the Federal Bureau of Prisons website. Caroline Ellison now has an expected release date of July 2026, a few months shy of her original two-year sentence. FTX filed for bankruptcy in 2022 amid questions about its financial health and its relationship with sister trading firm Alameda Research, leading to rapid withdrawals of funds by customers similar to a bank run. Authorities later accused FTX of misappropriating customer funds for personal use to repay loans owed by Alameda Research and other projects. This scandal caused FTX, once the third largest cryptocurrency exchange in the world, and its founder Bankman (SBF) to encounter a shocking Waterloo. Salaam, the former co-CEO of FTX's Bahamas subsidiary, pleaded guilty to running an unlicensed money transfer business and violating campaign finance laws. Ellison, the former CEO of Alameda, pleaded guilty in December 2022 to telecommunications, securities and commodities fraud and money laundering.

▌Cryptocurrency scams cause financial fraud losses in France to reach 500 million euros every year

The French Financial Market Authority (AMF) reported that cryptocurrency-related scams cost victims about 500 million euros every year. The main reason for the loss of 100 million euros. French authorities are working with the Paris Public Prosecutor's Office, the Audit and Resolution Supervisory Authority (ACPR) and the Directorate General for Combating Fraud, Consumerism and Suppression of Fraud (DGCCRF) to intensify efforts to combat these frauds. Data shows that men under the age of 35 are particularly vulnerable. They are eager for quick success and have little confidence in their investment knowledge. Scammers use social media platforms to take advantage of this population by promising unrealistic returns.


Blockchain Applications

▌Kyber Network: KyberSwap is expanding to Sonic, aggregators and limit orders have been deployed

Kyber Network announced on the X platform that KyberSwap is expanding To Sonic, the KyberSwap aggregator and limit orders are currently deployed.


Cryptocurrency

▌Wintermute: Companies following MicroStrategy’s lead in adding Bitcoin to their balance sheets may become a trend in 2025

An analyst at market-making company Wintermute said, Companies using their equity to follow MicroStrategy's lead and add Bitcoin to their balance sheets could become a major trend in 2025.

Wintermute over-the-counter trader Jake Ostrovskis said: "I think there will be quite a big push next year from corporates and those listed companies trying to gain exposure. You will probably see small and medium-sized enterprises alsoCome on in."

Ostrovskis also predicted that some companies will follow MicroStrategy's strategy for ETH. He said: "It may just be a matter of time until someone does the same thing and turns themselves into something like Ethereum The same investment tools, at that point, you become the MicroStrategy of that field. ”

▌CryptoQuant analyst: Bitcoin investors with a holding period of 6-12 months have been the most active in selling recently

CryptoQuant analyst Yonsei said that Spent Output Age The Bands (SOAB) indicator shows that long-term holders (LTHs) locked in significant profits during Bitcoin’s November-December 2024 bull run, with investors with a holding period of 6 to 12 months being the most active selling recently. , these investors mostly spot E at the beginning of the year TF bought Bitcoin when it was launched, and its selling activity put some downward pressure on the price of Bitcoin. However, strong demand kept the price of Bitcoin in the range of $90,000 to $100,000, and the holding period exceeded one year. of investors sold less during this period, and Binary The CDD indicator shows that Bitcoin’s old currency sales declined in December compared with November, indicating that most long-term holders may still expect further price increases.

The Base network TVL has grown to more than 35. billion U.S. dollars

According to The Block data shows that Base network TVL has grown to more than $3.5 billion. Additionally, Base’s transaction volume has maintained strong momentum throughout the fourth quarter, processing more than 8 million transactions in a single day, which the network has been since March. Maintaining steady growth, the transaction volume increased from about 500,000 transactions per day to more than 7.5 million transactions in December

▌The net outflow of GBTC yesterday was US$24.2 million, and the net inflow of ETH was US$6 million.

According to Farside According to Investors monitoring data, the capital data of the US spot Bitcoin ETF and spot Ethereum ETF yesterday (December 26) are as follows:

Spot Bitcoin ETF: GBTC had a net outflow of US$24.2 million, and BITB had a net outflow of US$8.3 million. , BTC net inflow was US$7.2 million;

Spot Ethereum ETF: ETH has a net inflow of US$6 million, and there is no inflow or outflow of ETHW and ETHE.


Important economic dynamics

▌Analyst: The S&P 500 index may be at 6100 points. The top hit a new high

Jonathan, analyst at BTIG, an investment institution Krinsky: U.S. stocks may continue to rise toward the end of the year, pushing the S&P 500 to new highs above 6,100. However, looking ahead to January, market volatility will return again, in terms of breadth and momentum. There is a huge divergence, this is when entering JanuaryAnother red flag.

▌The probability that the Federal Reserve will keep interest rates unchanged in January next year is 87.2%

According to CME "Fed Watch", the probability that the Federal Reserve will keep interest rates unchanged in January next year is 87.2% and cut interest rates. The probability of 25 basis points is 12.8%. The probability of keeping current interest rates unchanged by March next year is 50.6%, the probability of a cumulative 25 basis point interest rate cut is 44.1%, and the probability of a cumulative 50 basis point interest rate cut is 5.4%.


Golden Encyclopedia

▌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.

Keywords: Bitcoin
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