▌Do Kwon extradited to the United States

According to Bloomberg, Montenegro’s Prime Minister Milojko Spajic said on Tuesday that Montenegro has completed the extradition of Terraform Labs co-founder Do Kwon and handed him over to the United States. He posted on the X platform: This extradition demonstrates our firm commitment to international justice and the rule of law. Do Kwon is facing dual prosecution in New York and Seoul over the 2022 TerraUSD stablecoin crash that resulted in $40 billion in losses. He was previously arrested in Montenegro for using a forged passport. In April, Terraform Labs and Do Kwon were found guilty of fraud in a civil lawsuit filed by the U.S. Securities and Exchange Commission (SEC), and Terraform agreed to pay a $4.5 billion settlement.

▌Ethereum may outperform Bitcoin in 2025

Steno Research said in a report on Sunday that it expects the price of Bitcoin to drop from about $94,000 next year to a minimum of $150,000, while the price of ETH will more than double, rising from $3,400 to at least $8,000. Namely, the ETH/BTC exchange rate will rise to 0.06 over the next 12 months from the current level of 0.0357, similar to the price action in previous cycles, with altcoins taking center stage. Analyst Mads Eberhardt wrote: “This expectation is partly based on the argument that Donald Trump winning the U.S. presidential election would be more beneficial for altcoins than Bitcoin.” The report said that Bitcoin’s market share is expected to increase from approximately 56.6% dropped to 45%. The TVL of decentralized applications is expected to reach a new high of $300 billion next year, which, if correct, further supports the argument for altcoin price growth.

As of press time, according to Coingecko data:

BTC’s recent transaction price was US$93,805.13, with an intraday increase or decrease of +1.9%;

ETH’s recent price The transaction price was US$3,347.65, with an intraday increase or decrease of +0.7%;

BNB’s latest transaction price 706.55 US dollars, with an intraday increase or decrease of +0.7%;

SOL’s recent transaction price was 190.99 US dollars, with an intraday increase or decrease of +1.7%;

DOGE’s recent transaction price was 0.3189 yuan, with an intraday increase or decrease The increase or decrease was +2.4%;

XPR’s recent transaction price was $2.10, with an intraday increase or decrease of +3.3%.

▌Hong Kong Legislative Council Member Wu Kit-chuang: The SAR can refer to the securities industry to establish a DAO licensing system

Wu Kit, Chairman of the Hong Kong Legislative Council, Web3 and Virtual Asset Development Forum Committee Zhuang said that Hong Kong’s highThe court will hear the world's first lawsuit involving a decentralized autonomous organization (DAO) in August this year. Currently, the United States and Abu Dhabi have relevant legal frameworks to regulate DAO. Since DAO has no legal entity, it is recommended that the SAR may refer to the securities industry's license. The establishment of a DAO licensing system requires licensed DAOs to clarify internal individual relationships and must establish a responsible officer (RO) to ensure that the licensed company complies with the regulations of the regulatory agency and maintains the company's daily operations.

▌Phala Network founder: eve will introduce the fourth-generation token issuance model with reference to aiPool

PhalaNetwork founder Marvin Tong posted on his social platform It said that eve will introduce the fourth-generation token issuance model with reference to aiPool. The token distribution arrangement for the new model is as follows: 65% of the new tokens will be distributed to whitelisted contributors in proportion to their confirmed contributions. 20% of new tokens are created with SPORE to create a liquidity pool on Metaora/Raydium and burn LP to lock in value. 10% is held by the new AI agent for its initial operations and autonomy. 5% will be sent to the parent company AI’s wallet as profit sharing. 10% is held by the new AI agent for its initial operations and autonomy. 5% will be sent to parent company AI’s wallet as profit share.

▌Trader Eugene: PENGU is basically a replica of APE

Trader Eugene posted on the X platform that PENGU is basically a replica of APE, except that it has a normal operation The team, they know how to execute projects under Luca Netz, and have a big catalyst coming up, the launch of Abstract Chain in January. “I like the fact that we’ve run a full airdrop fractal and the early players have essentially exited this phase completely so that we can now have proper price discovery in 2025,” said Eugene. p>

▌QCP: Bitcoin’s rising momentum weakens at the end of the year, and institutional allocation may become key in 2025

QCP Capital pointed out that as the end of the year approaches, BTC The momentum has weakened significantly, and the upward trend has been limited by selling pressure. Spot ETFs have experienced net outflows of $1.8 billion since December 19, and MicroStrategy’s BTC purchases have slowed significantly. Looking ahead to 2025, the key catalyst is likely to occur in January as institutions readjust their asset allocations, with the proportion of institutional allocations to Bitcoin expected to increase, consolidating market dominance, stabilizing spot volatility, and driving growth in market demand for downside protection.

▌CryptoQuant: Binance stablecoin reserves hit a new high of $31 billion, indicatingBuying pressure is rising

Darkfost, a contributor to CryptoQuant, posted that Binance’s stablecoin reserves reached $31 billion on December 11, a record high. Notably, Binance’s stablecoin reserves stood at just $7 billion in June 2023, growing nearly fivefold since then. An increase in stablecoin reserves usually means buying pressure is rising. The current reserve level remains at around US$30 billion, which shows that investors are still actively active in the market and may continue to maintain strong buying pressure.

▌Montenegro Prime Minister: We welcome entrepreneurs in legal cryptocurrency, AI and other fields, and have zero tolerance for fraud

Montenegro Prime Minister Milojko Spajic posted on the X platform: "We welcome innovation and Legitimate cryptocurrency, artificial intelligence and other technology entrepreneurs, but we have zero tolerance for fraud.” Earlier news, Bloomberg revealed that Montenegro Prime Minister Milojko Spajic said that Do Kwon’s US extradition process has been completed, Milojko. Spajic said the extradition demonstrated a strong commitment to international justice and the rule of law.

▌The U.S. dollar recorded its best annual performance since 2015

The U.S. dollar rose further on the last trading day of 2024, rising to its highest level since November 2022. The New Zealand and Australian dollars lagged other currencies. The Bloomberg Dollar Index rose 0.4%, bringing its full-year gain to nearly 8%, its best annual performance since 2015, as the U.S. economy solidifies and President-elect Donald Trump's tax cuts and tariffs are expected to keep interest rates high.

▌Federal Reserve Daley: Cryptocurrencies should not be confused with gold and are still far from becoming a “currency”

San Francisco Fed President Daley said that cryptocurrencies Currencies should be viewed as separate asset classes and not lumped together with gold as they are often, and cryptocurrencies are complex and not yet ready to be considered “money.” “I think cryptocurrency is a complex thing and what we need to provide for everyone is to really decipher what it means and once we do that, we can define it,” Daly said on the podcast. "It could be a currency, it could be a medium of exchange, it could be a stock, an asset that holds its value or sometimes loses value. We just have to define those terms." "So I don't think it's like gold," Daly added. "It sometimes has gold-like properties, but I don't think it is a gold-like asset."

▌The probability that the Federal Reserve will keep interest rates unchanged in January is 88.8%

According to CME "Fed Watch" shows that the probability of the Fed keeping interest rates unchanged in January is 88.8%, and the probability of cutting interest rates by 25 basis points is 11.2%. The probability of keeping current interest rates unchanged by March is 47.1%, the probability of a cumulative 25 basis point interest rate cut is 47.7%, and the probability of a cumulative 50 basis point interest rate cut is 5.3%.

▌Offshore RMB against USDIt fell 151 points from the late New York trading last Friday

The offshore RMB (CNH) exchange rate against the U.S. dollar was 7.3152 yuan at 05:59 Beijing time, down 151 points from the late New York trading last Friday. The overall trading volume during the day was The range is 7.2978-7.3195 yuan.

▌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.