▌Trump considers letting CFTC take the lead in digital asset regulation

According to FOX Business, the incoming Trump hopes to expand the power of the Commodity Futures Trading Commission (CFTC) and grant it authority over the digital asset market. a large portion of regulatory power.

With Trump taking office and the crypto industry’s growing influence among Republicans, the CFTC’s responsibilities may soon expand to regulate deemed Crypto spot markets for commodities such as Bitcoin and Ethereum and exchanges that facilitate their trading. Central figures in Trump's team believe that loosening regulations is needed to spur innovation in crypto businesses, including potentially transformative blockchain technology that can eliminate expensive middlemen from business transactions.

Former CFTC Chairman Chris Giancarlo told FOX Business: "With adequate funding and the right leadership, I think the CFTC can start regulating digital commodities on day one of Trump's presidency."< /p>

▌The U.S. Court ruled that the sanctions against the Tornado Cash smart contract were illegal

The U.S. Fifth Circuit Court held that the Treasury Department’s sanctions against the Tornado Cash smart contract were illegal. The immutable smart contract deployed by Cash issued sanctions for exceeding its authority. The immutable smart contracts deployed by Tornado Cash developers are ultra vires because they are not the property of foreign individuals or entities.

As of press time, according to Coingecko data:

BTC’s recent transaction price was US$92,077.18, with an intraday increase or decrease of -1.3%;

ETH The latest transaction price was US$3,323.72, with an intraday increase or decrease of -2.7%;

BNB’s recent transaction price The price was US$613.16, with an intraday increase or decrease of -3.7%;

SOL’s recent transaction price was US$230.84, with an intraday increase or decrease of -1.7%;

DOGE’s recent transaction price was 0.387 yuan, with an intraday increase of Decline -2.0%;

XPR’s recent transaction price was $1.40, with an intraday increase or decrease of -1.4%.

▌Senator Joni Ernst sent a letter to the U.S. Department of Efficiency, proposing a $2 trillion spending cut

Iowa Senator Joni Ernst recently sent a letter to U.S. Efficiency Department leaders Elon Musk and Vivek Ramaswamy floated the idea of ​​budget cuts in the letter. Ernst's recommendations include addressing idle office space and uncommitted COVID-19 relief spending, with proposed cuts totaling more than $2 trillion.

Previous news was that Iowa Senator Joni Ernst, a Republican, will lead the U.S. Senate to take effect.Lead the DOGE caucus.

▌Brazilian congressman formally proposed the establishment of a strategic Bitcoin reserve

A Brazilian congressman formally proposed the establishment of a strategic Bitcoin reserve - a Bitcoin sovereign strategic reserve. The plan, the Reserva Estratégica Soberana de Bitcoins (RESBit), aims to diversify the Treasury. According to Brazilian media platform Portal do Bitcoin, Congressman Eros Biondini submitted the proposal on Monday.

▌The New York Stock Exchange submitted 19b-4 and S-1 documents to the SEC for the Bitwise BTC&ETH ETF

According to Nate Geraci, president of The ETF Store, disclosed on the X platform, the New York Stock Exchange The U.S. SEC submitted 19b-4 and S-1 documents to list Bitwise Bitcoin & Ether ETF. The product will hold both spot BTC and ETH, weighted by market cap.

Bitwise co-founder Matt Hougan said: "Bitcoin and Ethereum are like gold and technology stocks, not competitors." He believes that this ETF will be widely welcomed by investors.

▌Kraken will close its NFT market on February 27, 2025

Crypto exchange Kraken announced that it will close on February 27, 2025 After November 27, 2024, users will no longer be able to list, bid, or sell items on Kraken’s NFT marketplace; they can only withdraw assets.

Kraken said: “We have decided to close our NFT marketplace in order to shift more resources to new products and services, including unannounced programs under development. Customers have been informed of these changes and our The team will support them in bringing their NFTs are transferred to their Kraken wallet or the self-hosted wallet of their choice. ”

Previously, Kraken first revealed in December 2021 that it would launch its own NFT market and launch a beta version in November 2022. .

▌Galaxy: The number of Bitcoin L2 projects has increased approximately 7 times compared with 2021, from 10 to 75

Galaxy disclosed data on the X platform. Since 2021, Bitcoin The number of Coin L2 projects has increased approximately 7 times, from 10 to 75. Bitcoin L2 has seen $447 million invested since 2018, a trend that is changing BTC’s utility.

In addition, the Bitcoin L2 project has achieved unprecedented growth, with only 2024It received 36% of venture capital funding in 2016. It is expected that by 2030, more than $47 billion worth of BTC can be connected to L2 to provide support for DeFi, fungible tokens, payments, etc.

▌Standard Chartered Bank analyst: BTC’s short-term bottom is in the range of US$85,000 to US$88,700

Geoff Kendrick, global head of digital asset research at Standard Chartered Bank, described the recent market The turmoil, including a drop in Bitcoin and a rise in long-dated U.S. Treasuries, has been attributed to a decline in the U.S. Treasury term premium. The term premium is the additional return required by investors to hold a long-term bond rather than roll over a short-term bond. Since Bitcoin is often seen as a hedge against instability in traditional financial markets, increased confidence in U.S. Treasuries could undermine Bitcoin's appeal in the short term, causing its price to fall.

Kendrick said: “MicroStrategy buying shows no signs of slowing down, and they are unlikely to sell, but since the election, the average purchase price of ETF and MSTR has been $88,700, which may become a short-term bottom, and Bitcoin Coin may trade between $85,000 and $88,700 The dollar consolidated within a range before resuming its upward trajectory.”

▌Nasdaq ISE excludes Bitcoin trust product FLEX options trading

Nasdaq ISE LLC submits rule change proposal. , excluding Bitcoin-related trust products such as Fidelity Wise Origin Bitcoin Fund, ARK 21Shares Bitcoin ETF and Grayscale Bitcoin Trust from FLEX options trading. The proposal, which has been approved by the U.S. Securities and Exchange Commission (SEC) and is effective immediately, is designed to ensure that options position and exercise limits are consistent with existing rules. The SEC is also soliciting public comments on this proposal, and comments can be submitted in a variety of ways.

▌Cipher Mining announced the acquisition of a new mine in Texas and signed a 100-megawatt facility expansion agreement

Cipher Mining Inc. (NASDAQ: CIFR) announced that it has completed a The deal to acquire a new power plant called Stingray in West Texas for $4.1 million in cash and a variable fee of $1.50/MWh for the first five years after the plant is powered on. The 250-acre site has approvals in place and an agreement for facility expansion of up to 100 MW has been signed.

Cipher CEO Tyler Page said: “With the addition of this site, we now have a data center scheduled to be operational in 2026, which will complement our planned openings in 2025 and 2027. other new numbersAccording to the center, “With the addition of this new site, Cipher’s active portfolio and development pipeline will total 2.6 GW across 11 sites.

▌Pump.fun’s share of Solana ecological DEX trading volume in November Over 62%

According to Dune data, pump.fun accounted for 62.3% of the trading volume of Solana Ecological Decentralized Exchange (DEX) in November, and the trading volume accounted for 42.3%. In the past three months, the platform has contributed to an average of more than 60% of Solana’s DEX trading volume.

▌Grayscale has opened private placements of 17 token trust funds such as SOL, SUI, and XRP to qualified investors. Subscription

Haidu issued a document on the X platform saying that it is now open to qualified investors who meet the conditions17 The private placement subscription of token trust funds are: $AAVE, $AVAX, $BAT, $BCH, $TAO, $LINK, $FIL, $LTC, $LPT, $MKR, $NEAR, $SOL, $STX , $XLM, $SU I, $XRP, $ZEC.

According to official disclosures, Grayscale will reopen private placement subscriptions to qualified investors from time to time based on the net asset value (NAV).

▌The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 62.8%

According to CME's "Fed Watch", the probability that the Federal Reserve will maintain the current interest rate unchanged by December is 37.2%, and the probability of cutting interest rates by 25 basis points cumulatively is 62.8%. The probability of unchanged is 28.4%, cumulative The probability of a 25 basis point interest rate cut is 56.8%, and the probability of a cumulative 50 basis point interest rate cut is 14.8%.

▌Federal Reserve mouthpiece: The Fed meeting minutes hinted that if inflation stagnates, interest rate cuts will become cautious

Nick, the “Fed’s mouthpiece” Timiraos wrote that Fed members discussed at their meeting earlier this month the possibility of slowing or pausing interest rate cuts if progress in lowering inflation stalled. According to the Fed meeting minutes released on Tuesday, officials believed that if the economy The performance was in line with their expectations that inflation will continue to decline steadily, then "gradual movement toward a more neutral interest rate setting may be appropriate." The minutes of the meeting showed that all 19 officials participating in the discussion agreed to lower the Fed's benchmark short-term interest rate. 25 percentage points. The makers argued that the risk of a more pronounced slowdown in the job market or the economy has weakened since the September meeting. Many of them also said that for an economy that needs neither stimulus nor monetary constraints, what exactly should be done. There is greater uncertainty about where the interest rate will be set. The minutes of the meeting stated that these considerations "make it appropriate to gradually reduce constraints."

The Fed is considering lowering the reverse repurchase rate by 5 basis points. As a technical adjustment

The minutes of the Federal Reserve meeting showed that the Federal Reserve was considering lowering the reverse repurchase rate by 5 basis points as a technical adjustment. Some participants said it might be appropriate to consider resetting the overnight reverse repurchase rate to the bottom of the federal funds rate target range in the future.

▌What is an airdrop?

Airdrops are the cryptocurrency equivalent of surprise gifts. Imagine opening a box and finding coins inside! This is similar to receiving an announcement about free tokens or tokens from a new blockchain project. Crypto airdrops involve the distribution of digital assets into users’ wallets for free or in exchange for completing simple tasks, such as following a project on social media or joining their online community.

In the crypto ecosystem, airdrops play a vital role. New projects use airdrops as a marketing strategy to increase awareness and build a user base. They are like free samples in the supermarket, enticing users to try new products. From a user perspective, airdrops provide an opportunity to acquire new cryptocurrencies with minimal effort and the potential for huge gains. These tokens are more than just freebies, they are a way to participate in the growing digital economy.

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.