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Golden Morning News丨Gemini Trust settles US CFTC charges, Nvidia surpasses Apple
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2025-01-07 09:02 5,177
Headlines

▌Gemini Trust agrees to pay US$5 million to settle US CFTC charges

Gemini Trust, led by Cameron and Tyler Winklevoss, agrees to pay US$5 million to settle US Commodity Futures Trading Commission (CFTC) charges proceedings over misleading statements it made to regulators. In a "proposed consent order" signed by the parties on Monday, the company agreed to settle but neither admitted nor denied the allegations in the agency's complaint.

The CFTC sued Gemini in June 2022 for making "false or misleading statements of material fact." The agency said Gemini made these representations to the CFTC between July 2017 and approximately December 2017, when the company was being evaluated for Bitcoin futures contracts. The agency said in 2022 that Gemini allegedly made those statements about whether the company's proposed Bitcoin futures contracts were "vulnerable to manipulation."

▌NVIDIA surpassed Apple and became the world’s largest company by market capitalization

Golden Finance reported that according to CompaniesMarketCap data, NVIDIA surpassed Apple and became the world’s largest company by market capitalization.

Data shows that Nvidia’s market value is approximately US$3.72 trillion, while Apple’s market value is approximately US$3.719 trillion.


Quotes

As of press time, according to Coingecko data:

BTC’s recent transaction price was US$102,047, with an intraday increase or decrease of +3.5%;

ETH’s recent price The transaction price was US$3,678.16, with an intraday increase or decrease of +1.1%;

BNB’s latest transaction price was 7 29.31 US dollars, with an intraday increase or decrease of +2.8%;

SOL’s recent transaction price was 217.88 US dollars, with an intraday increase or decrease of +2.1%;

DOGE’s recent transaction price was 0.3869 yuan, with an intraday increase or decrease The increase or decrease was +1.4%;

XPR’s recent transaction price was $2.41, with an intraday increase or decrease of +0.4%.


▌U.S. court documents show that the number of victims in the Do Kwon case may exceed one million

According to Cointelegraph, the United States is responsible for overseeing the criminal prosecution of Terraform Labs co-founder Do Kwon. Prosecutors in the case estimate that Do Kwon may have claimed more than a million victims worldwide following the collapse of the Terra ecosystem. On January 6, Acting U.S. Attorney Daniel Gitner of the U.S. Federal Court for the Southern District of New York notified the court of the process for informing Kwon’s victims of their rights in the criminal case. According to U.S. prosecutors, a case will be established regarding the Kwon casewebsite for disclosure proceedings because other methods of providing victims with rights protection were “impractical”.

Gitner stated: “Given the sheer volume of transactions for the Terraform cryptocurrency and the manner in which these transactions were conducted (many of which were conducted on foreign exchanges through digital asset wallets or cryptocurrency trading accounts without personally identifiable information) , while it’s difficult to precisely quantify Kwon’s number of victims, The number of victims in this case is estimated to exceed hundreds of thousands of individuals and entities, and may total more than one million.”

▌The U.S. judge rejected Trump’s request to postpone the sentencing process in his “hush money” case<. /p>

On January 6, local time, Judge Juan Mercan of the New York State Supreme Court rejected President-elect Trump’s request to postpone the sentencing process in his “hush money” criminal case. It is understood that Trump's lawyers may continue to appeal to the New York Court of Appeals.

Earlier on the 6th, Trump’s lawyers appealed the ruling in his “hush money” criminal case and applied to the judge to postpone the sentencing process scheduled for this week. A 12-person jury ruled on May 30, 2024 that Trump violated the law by falsifying business records in order to conceal a $130,000 "hush payment" he made to an adult film actress during the 2016 U.S. presidential election. According to relevant New York State laws, the 34 criminal charges involved were established.

▌The U.S. Congress officially certified Trump as president and Vance as the next vice president

U.S. Vice President Harris presided over a joint meeting of Congress on January 6, local time It was announced that members of the House and Senate officially certified the results of the Electoral College of the 2024 U.S. election, confirming that Trump received 312 electoral votes and was elected as the next President of the United States, and Vance was elected as the next Vice President. (CCTV News)

▌Canadian Prime Minister Trudeau announced his resignation as leader of the Liberal Party

Canadian Prime Minister Trudeau delivered a speech on January 6, local time , announced his resignation as leader of the Liberal Party. Trudeau will remain Prime Minister of Canada until the Liberal Party elects a new leader who can replace him as Prime Minister. In addition, on the morning of the 6th, Trudeau met with Canadian Governor General Mary Simon and requested that the parliamentary recess be extended to March 24.


Blockchain Application

▌Animoca Brands Lianchuang: Memecoin is expected to launch its own L1 or L2

Animoca Brands co-founder Yat Siu said in an interview, The crypto industry is at an inflection point similar to what he observed in the 1990s when the internet first transformed commerce. The first part of crypto mass adoption in 2025 is stablecoin adoption, with the next step being the broader expansion of memecoins into the entire blockchain ecosystem.

Yat Siu said: “I expect memecoinWill launch its own L1 or L2. They are no longer just tokens, they are building communities and ecosystems, Memecoins are essentially cultural symbols. They are capturing people’s attention and building narratives that resonate with people beyond financial speculation. ”


Cryptocurrency

▌Nasdaq applied to increase the holding limit of BlackRock Bitcoin Spot ETF from 25,000 to 250,000 shares

According to a public disclosure According to regulatory filings, Nasdaq has submitted an application to the U.S. Securities and Exchange Commission (SEC) to increase the position limit of the BlackRock Spot Bitcoin ETF (IBIT) from 25,000 to 250,000. It should be noted that this application also needs approval from the SEC to take effect. The position limit refers to the maximum share of the ETF that a single investor or institution can hold.

The director of Bitwise Alpha Strategies said this. Said: “Considering the increasing trading volume of this ETF, it is reasonable to at least increase the position limit to 400,000 shares. The claims of Nasdaq and BlackRock are reasonable and supported by facts. ”

▌MicroStrategy has been buying Bitcoin for nine consecutive weeks, with total holdings reaching approximately US$44.3 billion

MicroStrategy Inc. bought US$101 million in Bitcoin after announcing that it would use permanent Continued Preferred Stock, Common Stock and Debt Purchases of More Cryptocurrencies The Tysons Corner, Virginia-based enterprise software company has been buying Bitcoin for nine consecutive weeks, said its co-founder and chairman Michael. Saylor hopes to advance its Bitcoin holdings strategy. The company holds approximately $44.3 billion in Bitcoin, which MicroStrategy purchased at an average price of approximately $94,000 on December 30 and December 31, according to SEC filings. 1,070 Bitcoins The company said on Friday it plans to raise up to $2 billion in the first quarter through one or more perpetual preferred stock offerings, part of a plan to raise $42 billion in capital through 2027 through public offerings of stock and convertible debt. Part.

▌JP Morgan: Inflation and Geography Risks may support demand for gold and Bitcoin in the long term

JPMorgan Chase pointed out in a research report that as investors prepare for continued geopolitical uncertainty, the so-called influx into gold and Bitcoin "Depreciation trades" will "persist", the bank said, as investors increasingly look to hedge against geopolitical tensions. Instruments of risk and inflation, gold and Bitcoin "appear to have become structurally more important components of investors' portfolios," citing "record capital inflows in the cryptocurrency market in 2024." p>JP Morgan Chase said, a “depreciation trade” refers to a combination of factors including “structurally higher geopolitical uncertainty since 2022, continued high uncertainty about the longer-term inflation outlook, and persistently high deficits in major economies.” 'Debt devaluation' fears," etc.), leading to growing demand for gold and Bitcoin.

▌CryptoQuant analyst: This bull market is likely to reach a cyclical peak in Q1 of 2025 or Q2 at the latest

CryptoQuant analyst Crypto Dan said in an article on January 6 , the bull market that started in January 2023 is likely to reach its cyclical peak in the first quarter of 2025 or the second quarter at the latest. The article said: "With a large influx of new investment and additional funds from existing investors, it is reasonable to expect that the market is now in the later stages of this cycle."

The post stated: "Therefore, expectations for a sharp rise in Bitcoin and altcoins are still worth looking forward to. Nonetheless, from a conservative perspective and taking into account risk management, caution is recommended."

< p>▌Sui TVL exceeded US$2 billion, a record high

On January 7, public chain Sui stated on the X platform that its total locked value (TVL) has exceeded US$2 billion, a record high. It took just three months to reach the $1 billion mark. Sui said its growth has been triggered by the recent announcement and launch of stablecoins, wallets and lending protocols. Industry giants such as Grayscale, VanEck and Franklin Templeton have also given Sui a boost.

▌CryptoQuant CEO: This Bitcoin bull market may be the longest ever cycle

According to the latest tweet from CryptoQuant CEO Ki Young Ju, this Bitcoin bull market cycle may be the longest ever. The longest time ever. Increasing capital inflows are steadily driving market development, and there is still a lot of potential to be explored in the future.

▌Coinbase: DYP V2 tokens are not supported for the time being, and the migration bridge will be closed at 19:00 on January 8th

Coinbase Assets stated that all DYP holders on Coinbase need to take Action: Dypius (DYP) is migrating to DYP V2. The migration bridge will close at 6:00 am ET on January 8, 2025 (19:00 Beijing time). Coinbase will not support DVP V2 and will suspend trading of Dypius (DYP) at approximately 2:00 pm ET on January 17, 2025 (3:00 January 18). All customers wishing to switch to DYP V2 must do so by January 8th ETConversion completed before 6pm deadline.

Currently, the platform has no plans to support DYP V2 tokens. If users still hold DYP and wish to convert to DYP V2, they will need to do so using the official DYP migration portal and a compatible self-hosted wallet such as Coinbase Wallet.

Coinbase.com (simple and advanced trading), Coinbase Exchange, and Coinbase Prime will suspend DYP trading and have currently moved the DYP order book to limit mode. Limit orders can be placed and canceled, and matches may occur.


Important Economic Updates

▌The 30-year U.S. Treasury yield hit a 14-month high, affected by Trump’s tariff reports and expansion pressure

30-year U.S. Treasury Treasury yields once climbed 5 basis points to around 4.86% on Monday, hitting their highest level since November 2023, as investors began to get a first taste of the turmoil that Trump's coming to power may cause to financial markets in the coming months. The pressure to expand the bond market has had a certain impact on the market, with weak subscription demand for the first batch of treasury bonds issued by the Ministry of Finance this week. U.S. Treasuries have come under pressure in recent weeks amid concerns that Trump's rise to power will push up inflation. The dollar fell on Monday and Treasuries recovered some ground after the Washington Post said Trump's aides were considering narrowing the scope of his tariff plan, as markets believed the move would weaken inflation concerns. But with Trump's denial, market trends quickly reversed. Gregory Peters, co-chief investment officer of fixed income at PGIM, said in a TV interview, "There are a lot of bonds in the market, and there is a continuous supply. Coupled with the fact that inflation may be more sticky or fall and rise again, these are putting pressure on the bond market."

▌The U.S. dollar index fell 0.63% on the 6th

The U.S. dollar index, which measures the U.S. dollar against six major currencies, fell 0.63% that day and closed at 108.263 in late foreign exchange trading. As of late trading in New York, 1 euro was worth $1.0388, up from $1.0301 on the previous trading day; 1 pound was worth $1.2513, up from $1.2428 on the previous day. 1 U.S. dollar was exchanged for 157.54 Japanese yen, higher than 157.21 yen on the previous trading day; 1 U.S. dollar was exchanged for 0.9045 Swiss francs, lower than 0.9091 Swiss francs on the previous trading day; 1 U.S. dollar was exchanged for 1.4337 Canadian dollars, lower than the previous trading day 1.4449 Canadian dollars; 1 U.S. dollar exchanged for 11.0528 Swedish kronor, down from 11.1083 Swedish kronor on the previous trading day.


Golden Encyclopedia

▌What is compressed NFT?

CNFT is a newer non-fungible token that utilizes state compression technology to store data more efficiently on Solana. Unlike traditional NFTs where all token metadata is stored directly on-chain or via an external link such as IPFS, cNFTs enableUse Merkle trees to optimize data storage.

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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