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▌U.S. Representative Tom Emmer was appointed vice chairman of the Subcommittee on Digital Assets, Financial Technology and Artificial Intelligence
Forbes reporter Eleanor Terrett posted on X that French Hill, chairman of the U.S. House Financial Services Committee, has Appointed Tom Emmer as Vice Chairman of the Digital Assets, Financial Technology and Artificial Intelligence Subcommittee. He also nominated other Republican members of the committee.
▌The U.S. Securities and Exchange Commission sued Musk: He failed to disclose as required that he spent $150 million less on buying Twitter stock
The U.S. Securities and Exchange Commission filed a lawsuit in the federal court in Washington, D.C. on Tuesday, suing Musk is suspected of violating securities regulations. The SEC said Musk purchased more than 9% of Twitter's common shares in March 2022, but failed to disclose relevant information in a timely manner, violating federal securities laws. After an 11-day delay, Musk publicly disclosed his beneficial ownership in a report submitted to the SEC on April 4, 2022. The delay allowed Musk to continue buying Twitter stock at artificially low prices, spending at least $150 million less. On April 4, 2022, Twitter's stock price rose by more than 27% from the previous day's closing price. Musk's lawyer responded that Musk had done nothing wrong and that the lawsuit was "a farce." (Golden Ten)
Market
As of press time, according to Coingecko data:
The recent transaction price of BTC was US$96,548.53, with an intraday increase or decrease of +2.3%;
< p>ETH’s recent transaction price was US$3,223.56, with an intraday increase or decrease of +2.9%;BNB’s recent price The transaction price was US$699.67, with an intraday increase or decrease of +1.7%;
SOL’s recent transaction price was US$187.52, with an intraday increase or decrease of +2.8%;
DOGE’s recent transaction price was 0.3556 yuan, with an intraday increase or decrease of +2.8%. The increase or decrease was +5.6%;
XPR’s recent transaction price was $2.66, and the intraday increase or decrease was +5.7%.
▌The U.S. SEC postpones the decision on the application to convert Bitwise BITW into an ETF until July
According to a public regulatory document, the U.S. SEC will decide on the Bitwise 10 Crypto Index Fund (BITW)'s application decision to convert to ETF has been postponed to late July. This means that whether Bitwise ETF can be approved will still have to wait longer. In addition, Bloomberg ETF analyst James Seyffart pointed out that Grayscale’s next GDLC deadline is February 2. Delays are also expected.
▌U.S. SEC Chairman: The outcome of the 2024 presidential election does not depend on the funding of crypto interest groups
In an interview with CNBC Squawk Box host Andrew Ross SorkIn an interview, U.S. SEC Chairman Gary Gensler stated that he believes that funds from cryptocurrency voters and digital asset interest groups are unlikely to affect the results of the 2024 U.S. election, allowing President-elect Donald Trump to win.
I think that although, as you pointed out, this election raised money from the cryptocurrency space, I think that is not what this election is about, this space, crypto The currency sector, a highly speculative area, has always been inconsistent with various laws , whether it’s money laundering laws, sanctions laws, or in our case securities laws.”
▌U.S. SEC Chairman: The SEC has never said that Bitcoin and Ethereum are securities
Outgoing Securities and Exchange Commission (SEC) Chairman Gary Gensler (Gary Gensler) told Yahoo Finance on Tuesday that the commission "never said" that Bitcoin and Ethereum were securities, and that neither he nor former SEC Chairman Jay Clayton said Bitcoin was a security.
Blockchain Application
▌Hashed CEO: Artificial Intelligence has a “black box” problem
Simon Kim, CEO of crypto venture capital fund Hashed, said in an interview that he believes that artificial intelligence The future of intelligence depends on a fundamental shift: breaking the black box of centralized models such as OpenAI and building a decentralized, transparent ecosystem driven by blockchain.
He said: "AI is being centralized. OpenAI is not open and is controlled by a very small number of people, so this is very dangerous. Making this [closed source] basic model is like making a 'god' , but we don’t know how it works.” Kim believes that open source AI models like Meta’s Llama are an example of AI being built with decentralization and transparency in mind.
Cryptocurrency
▌U.S. SEC Chairman: Bitcoin is like gold, 7 billion people around the world want to trade it
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said in an interview, "Bitcoin is a highly speculative asset, but 7 billion people around the world want to trade it. Just like we have had gold for 10,000 years, we now have Bitcoin."
In terms of regulatory stance, Gensler pointed out that the SEC has never classified Bitcoin as a security. As with thousands of other crypto projects, he emphasized the need to prove their actual use cases and fundamental value. When the host quipped, "You must hold Bitcoin," Gensler said he had never held any cryptocurrency in the past 7-8 years. The host then joked, "You can hold it now because you are about to step down as SEC chairman."
▌Standard Chartered Bank: If Bitcoin falls below the $90,000 support level, it will face a 10% retracement risk
Geoff Kendrick, global head of digital asset research at Standard Chartered Bank, warned that a downward trend could occur if Bitcoin “falls below $90,000.”
In a report on Tuesday, Kendrick highlighted the presence of "convexity risk" due to the increased likelihood of spot ETF liquidations, which could push Bitcoin prices as low as Under $80,000.
Kendrick said: “We believe that Bitcoin falling below $90,000 will lead to a further 10% decline to 80,000 in the short term. The U.S. dollar is out. The prices of all other digital assets are likely to follow suit, and once the correction is over, we recommend accumulating long positions again. ”
▌The Trump Family Project WLFI is trading at an average price of $3,226 at 103.15. One WBTC was exchanged for 3,075.19 ETH
According to Onchain According to Lens monitoring, the Trump family project WLFI sold 103.15 WBTC worth US$9.92 million in exchange for 3,075.19 ETH at an average price of US$3,226. The project also sent 18,535.82 ETH worth $59.72 million to multiple wallets and Coinbase Prime. It also purchased 17,619 WBTC for $96,495, worth $1.7 million.
▌ARK Invest: Bitcoin has low relative volatility and is expected to rise further in 2025
ARK Invest said in its "Bitcoin Monthly" report that although Bitcoin fell in the Volatility spiked at the end of the fourth quarter but was "not significant in a historical context." Bitcoin’s monthly volatility in December was relatively mild compared to annual volatility. The lower relative volatility means that Bitcoin has not yet entered the feverish stage of its cycle, which means that further gains are likely, especially in a bull market.
ARK’s report said: “In fact, these data points indicate that there is room for further market growth in 2025.”
▌ETF Store President: There may be more than 50 this year Crypto ETFs approved
ETF Store President Nate Geraci said 2025 could become “the year of the cryptocurrency ETF.” He predicted that more than 50 cryptocurrency ETFs will be approved under the new chairman’s leadership, including spot Solana and XRP funds, as well as options-based and stock-based products.
▌Analysis: Trump’s inauguration may no longer be a Bitcoin “sell after good news is realized” event
According to K33 analysis, after Trump was elected, Bitcoin Coin prices had surged in anticipation of support for the cryptocurrency, but since DecemberSince the middle of the year, the market has faced macroeconomic pressure, causing the market to cool down. Although Trump's inauguration was previously expected to be a "sell on good news" event, analysts pointed out that as the inauguration date approaches, the gap between market expectations for Trump and the actual progress makes this strategy unsafe. More attractive. Trump's trade rhetoric could bring inflationary pressures, but tax breaks and favorable crypto prospects are expected to drive risk assets higher. Despite the short-term Bitcoin price volatility, K33 is optimistic about Trump’s long-term impact.
Important Economic Updates
▌The probability that the Federal Reserve will keep interest rates unchanged in January is 97.3%
According to CME's "Fed Watch", the probability that the Federal Reserve will keep interest rates unchanged in January is 97.3%, and the probability of a 25 basis point interest rate cut is 2.7%. The probability of keeping current interest rates unchanged by March is 79.8%, the probability of a cumulative 25 basis point interest rate cut is 19.7%, and the probability of a cumulative 50 basis point interest rate cut is 0.5%.
▌The U.S. dollar index fell 0.61% on the 14th
The U.S. dollar index, which measures the U.S. dollar against six major currencies, fell 0.61% that day and closed at 109.280 in late foreign exchange trading. As of late trading in New York, 1 euro was worth $1.0298, up from $1.0208 on the previous trading day; 1 pound was worth $1.2200, up from $1.2167 on the previous day. 1 U.S. dollar was exchanged for 157.94 yen, higher than 157.81 yen on the previous trading day; 1 U.S. dollar was exchanged for 0.9127 Swiss francs, lower than 0.9191 Swiss francs on the previous trading day; 1 U.S. dollar was exchanged for 1.4365 Canadian dollars, lower than the previous trading day 1.4412 Canadian dollars; 1 U.S. dollar exchanged for 11.1796 Swedish krona, down from 11.2895 Swedish kronor in the previous trading day.
▌The three major U.S. stock indexes ended mixed, with most large technology stocks falling
The three major U.S. stock indexes closed mixed, with the Nasdaq falling 0.23% and the S&P 500 rising 0.11 %, and the Dow rose 0.52%. Most large technology stocks fell, with Tesla, Nvidia and Netflix falling more than 1%. Meta fell more than 2%, and the company planned to lay off 5% of low-performing employees.
Golden Encyclopedia
▌What is a teardrop attack in encryption?
In the cryptocurrency environment, teardrop attacks often target the decentralized nature of blockchain platforms. Even if they don’t target the blockchain’s cryptographic algorithms, disrupting the underlying peer-to-peer network infrastructure that cryptocurrencies rely on could lead to service disruptions, loss of funds, and loss of user trust. Attackers can interfere with the consensus process, transaction validation, or node-to-node communications by focusing on specific nodes or servers. This can lead to network fragmentation, processing delays or even complete outages.
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.