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Golden Morning News丨Trump will take office as a felon Tether is hiring an AI filmmaker
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2025-01-11 10:01 3,782
Headlines

▌Trump will take office as president as a felon, and he said he will continue to appeal

Trump After the verdict in the "hush money" case, Pu said he would continue to appeal. He posted, "The Radical Democrats have lost yet another tragic persecution. The real jury, the American people, has spoken out and re-elected me with an overwhelming vote. Today's events were a despicable hoax, and now things It’s over, we will appeal this baseless hoax and restore Americans’ trust in our once great justice system to make America great again!” NOTE: While Judge Juan Merchant sentenced Donald Trump. He was generally not punished and released unconditionally, but he still ruled that 34 of the cases were Convicted on each count, Trump will remain a felon but will not face jail time, penalties or probation. Trump will enter the presidency as a felon, and the court will subsequently release the audio of today's sentencing.

▌Tether is hiring AI filmmakers to boost brand awareness

As a way to boost the brand As part of a broader strategy to make an impact, USDT stablecoin issuer Tether is expanding its reach into artificial intelligence (AI) filmmaking. According to a Bloomberg interview with Tether CEO Paolo Ardoino, the company’s focus on artificial intelligence is part of a commitment to innovation and improving operational efficiency. Tether’s job page outlines the responsibilities of its new AI Filmmaker position, which will use advanced AI tools to create short films and videos. According to the job description, the pieces will showcase Tether’s products, explore the broader cryptocurrency space and communicate the company’s vision.


Quotes

As of press time, according to Coingecko data:

BTC’s recent transactions The price is US$94,521.23, with an intraday increase or decrease of +1.6%;

ETH's recent transaction price was US$3,246.78, with an intraday increase or decrease of +0.6%;

BNB's recent transaction price was US$690.99, with an intraday increase or decrease of +0.8% ;

SOL's recent transaction price was US$186.71, with an intraday increase or decrease of -0.4%;

DOGE's recent transaction price was 0.333 yuan, with an intraday increase or decrease of +2.8%;

XPR's recent transaction price was 2.35 US dollars, with an intraday increase or decrease +3.3%


▌New Hampshire proposes bill to establish "strategic Bitcoin reserve"

Satoshi Action Fund (SAF) co-founder and CEO Dennis Porter posted on the such as gold, silver, platinum) and digital assets (including Bitcoin). The bill will introduce new regulations to clarify the definition of "qualified custodians" and "secure custody solutions" to ensure the safe custody of digital assets and operate through regulatory-approved trading products.

▌Deputy Chairman of the U.S. FDIC calls for a more open attitude towards cryptocurrencies

Deputy Chairman of the U.S. Federal Deposit Insurance Corporation (FDIC) ChairmanTravis Hill said in a speech on Friday that the FDIC would take a more "open attitude" to technology and called for more guidance on digital assets. It is reported that Travis Hill is preparing to serve as acting chairman of the Federal Deposit Insurance Corporation and is currently its vice chairman. Travis Hill, a Republican nominee to the FDIC in 2022, made the comments after some in the crypto industry expressed concern that the FDIC had asked financial institutions to suspend crypto-related activities. 6 He sued the FDIC in March and accused the agency of trying to sever the connection between the crypto industry and the banking industry. The lawsuit also asked the FDIC to issue a "cease and desist letter." It stifles innovation and leads to the public perception that the Federal Deposit Insurance Corporation (FDIC) will go out of business if institutions are interested in anything related to blockchain or distributed ledger technology. ”

▌U.S. CFTC Enforcement Director Ian McGinley will resign

U.S. Commodity Futures Trading Commission ( CFTC Enforcement Director Ian McGinleyAnnounced that he will leave his post on January 17. He joined the agency in February 2023 and has led enforcement actions against companies such as Binance, KuCoin, Falcon Labs, and others. In a statement announcing his departure on January 17, Ian McGinley said “establishing the CFTC as the premier enforcement agency for digital asset enforcement” was listed as a top priority during his tenure.


Blockchain application

▌Privasea completed Series A financing at a valuation of US$180 million, with participation from Binance Labs and others

Confidential AI project Privasea completed Series A financing at a valuation of US$180 million, with a total of US$15 million raised in three rounds. Investors include GSR, Amber and Echo, and early investment institutions include Binance Labs, OKX Ventures, Nomura’s Laser Digital and Gate Labs, among others. Privasea has released the DeepSea test network Beta on January 6. This financing will be used to accelerate the deployment of the main network DeepSea and the research and development of related intelligent agents, and promote the development of human-computer interaction and intelligent agent interaction and other fields.


Cryptocurrency

▌The single-day transaction volume of the Base network surpassed the Ethereum main network on January 8

According to statistics from Aerodrome, the Ethereum Layer 2 network Base surpassed the Ethereum main network in single-day transaction volume for the first time on January 8, recording US$2.3 billion. In addition, the current WETH-USDC pool on Aerodrome exceeds the top 6 WETH pools on the mainnet combined, reaching $698 million.

▌A crypto investment company founder admitted to defrauding thousands of investors out of $9.4 million in a Ponzi scheme

An Oklahoma man has pleaded guilty to participating in a cryptocurrency investment fraud conspiracy, according to an announcement from the U.S. Department of Justice. According to court documents, Travis Ford, 35, of Glenpool, is the CEO, co-founder and chief trader of Wolf Capital Crypto Trading LLC (Wolf Capital), a purported cryptocurrency investment firm. From January 2023 to August 2023, Ford via Wolf Capital solicits investments through its website and other social media and Internet-based promotions. Ford describes himself as a sophisticated trader capable of delivering high returns of 1-2% per day (approximately 547% per year). Ford admits he doesn't believe those promised returns on investment will continue to materialize. Ford made such false promises to induce the public to invest in the company. Ford misappropriated and transferred investor funds to benefit himself and his co-conspirators to the financial detriment of investors. Wolf Capital raised $9.4 million from approximately 2,800 investors through fraudulent conduct.

▌Encryption research organization Messari laid off 15% of its employees this week

According to The Block, Eric Turner, CEO of cryptocurrency data website Messari, said that earlier this week, Messari made some changes to its organizational structure to streamline the business and double down on the growth of its core product lines, laying off about 15% of its employees. The company also decided not to renew the contracts of some contract workers, a person familiar with the matter said.

Nasdaq-listed spirits company Heritage Distilling plans to build a Bitcoin reserve and accept it as a method of payment

Heritage Distilling (stock code: CASK), a Nasdaq-listed spirits company, said it will begin holding cryptocurrencies as a "strategic asset" and accept cryptocurrency payments, Decrypt reported. The company said the plan is subject to approval and Heritage will first develop a plan for board approval before taking action. Justin Stiefel, CEO of Heritage, said in a statement: "Heritage has always been an innovator, and we are once again leading the way in craft spirits. We are ready to accept Bitcoin as a payment method for online e-commerce sales, acquisitions and holdings." There is Bitcoin as an asset.”

▌Analyst: Even after accounting for inflation, four Bitcoin ETFs are still among the top 20 US ETFs in terms of launch size. First name

Bloomberg analyst James Seyffart wrote on the X platform that the Bitcoin ETF performed strongly in its first year of listing. Data shows that even after accounting for inflation, there are still four Bitcoin ETFs (IBIT, FBTC, ARKB and BITB) ranked among the top 20 US ETF launches in history, setting a historical record. It is worth noting that even two ETFs from relatively small issuers ARK Invest/21Shares and Bitwise Invest, each with a size of about $4 billion, are also in the top 20 and have impressive performance.

▌In the past 12 hours, the entire network's liquidation amount was US$244 million, with both long and short positions being liquidated

Data shows that in the past 12 hours, the liquidation amount of the entire network was US$244 million, of which the liquidation amount of long orders was approximately US$110 million, and the liquidation amount of short orders was approximately US$134 million.


Important Economic Updates

▌Agency: Employment data does not look so hot

LPL Financial analyst Jeffrey Roach said that the U.S. private sector will create an average of 149,000 new jobs per month in 2024, down from 192,000 in 2023, and is expected to decline again in 2025. Nonfarm payrolls surged by 256,000 in December and the unemployment rate fell slightly (against the backdrop of possible mass deportations of illegal immigrants), raising concerns that the Federal Reserve may even need to raise interest rates. But there may be more optimism behind the data. “More than 16% of the non-labor force is foreign-born, including undocumented immigrants, so the economic impact of tightening immigration may not be as harmful as some suggest,” Roach said. “In the meantime, the Fed will remain Interest rates remain unchanged ”

▌Morgan Stanley: Due to a more favorable inflation outlook, an interest rate cut in March is still more likely

Morgan Stanley said the U.S. non-farm payrolls report should reduce the likelihood of a near-term Fed interest rate cut. With the inflation outlook more favorable, a rate cut in March remains more likely.

▌Goldman Sachs expects the Fed to cut interest rates by 25 basis points at its June and December meetings

After the release of non-agricultural data, Goldman Sachs now expects the Federal Reserve to cut interest rates by a total of 50 basis points this year, compared with the previous forecast of 75 basis points. Goldman Sachs expects the Fed to cut interest rates by 25 basis points at its June and December meetings.


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, which store all token metadata directly on-chain or via an external link such as IPFS, cNFTs use 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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