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▌Gary Gensler appears to have posted a farewell message: Serving as Chairman of the U.S. Securities and Exchange Commission is a lifetime honor
Gary Gensler posted a farewell message on the Capital markets, competition, and common-sense rules benefit both investors and issuers, which is why the SEC and its staff play a critical role in monitoring the markets and ensuring compliance with the common-sense rules of U.S. securities laws: 1. We reduce reduces cost and risk and enhances our two largest markets - near The integrity of the $60 trillion stock market and the $28 trillion Treasury market; 2. We help improve the transparency and integrity of corporate governance of public companies, including when company insiders may have material non-public information trading in their corporate securities Before implementing new cooling-off periods and other conditions; 3. We have established rules requiring regulated broker-dealers and investment advisers to notify clients of data breaches that may put personal information at risk; 4. We provide guidance regarding the increasing use of artificial intelligence in the financial sector The foundation is laid for important debates across a wide range of applications; 5. We updated the rules of the stock market and Treasury market and shortened the settlement cycle; 6. We returned more than $2.7 billion to damaged investors.
▌Thailand will launch crypto payments in Phuket in 2025
Thailand will launch crypto payments in Phuket in 2025 Crypto payments will be launched in Phuket in 2025, allowing tourists to pay with Bitcoin and transactions automatically converted to Thai Baht.
Quotes
As of press time, according to Coingecko data:
BTC’s recent transactions The price was US$104,499, with an intraday increase or decrease of +4.0%;
ETH's recent transaction price was US$3,470.18, with an intraday increase or decrease of +2.6%;
BNB's recent transaction price was US$719.71, with an intraday increase or decrease of +0.2%;
SOL's recent transaction price was US$218.72, The intraday increase or decrease is +1.9%;
DOGE's recent transaction price was 0.4282 yuan, with an intraday increase or decrease of +12.4%;
XPR's recent transaction price was 3.24 US dollars, with an intraday increase or decrease of -3.6% .
▌DCG fined $38 million for Genesis lending fraud
According to market news, Digital Currency Group (DCG) was accused and fined US$38 million by the U.S. Securities and Exchange Commission (SEC) for lending fraud by its subsidiary Genesis. Note: Genesis is DCG Its cryptocurrency lending platform was once one of the largest institutional lending service providers in the crypto industry. In November 2022, the collapse of the cryptocurrency trading platform FTX exacerbated market turmoil. Customer withdrawals were suspended during this period and it filed for bankruptcy protection in January 2023 with assets and liabilities valued at between $1 billion and $10 billion. According to the SEC investigation, Genesis and DCG were accused of concealing financial losses through false statements. More than 230,000 investors, total amount exceeds $1 billion
▌Cryptocurrency supporter Vivek Ramaswamy will run for Ohio governor
According to The Block, US Republican Vivek Ramaswamy plans to officially announce his candidacy for Ohio governor soon. It is reported that Vivek Ramaswamy leads the US Efficiency Department together with Musk and served as Donald Trump. Trump’s campaign agent and has been an active supporter of cryptocurrency
▌Crypto.com received in-principle approval for the MiCA license
According to The block According to reports, Singapore-based digital asset exchange Crypto.com has received in-principle approval for the Market for Crypto-Assets (MiCA) license. Although the exchange does not appear to have received full license, receiving final approval will allow Crypto.com to do so in 2024. MiCA will provide services within the EU after the MiCA rules come into effect in late December. MiCA was first adopted in April 2023, establishing a regulatory framework for digital assets in the EU.Companies with a MiCA license in one EU member state are allowed to operate throughout the EU.
▌An international cryptocurrency provider was sentenced to 121 months in prison by the U.S. Department of Justice for conspiracy to commit money laundering
According to an announcement from the U.S. Department of Justice, U.S. District Judge Gregory Van Tatenhove sentenced Indian Anurag Pramod Murarka to 121 months in prison for conspiracy to commit money laundering. Murarka, 30, is an international virtual currency provider operating under two monikers: "elonmuskwhm" and "la2nyc." According to recently unsealed court documents, from April 2021 until September 29, 2023, Murarka ran an international money laundering operation. Murarka often advertises his services online on dark web markets as money laundering services. Customers would then contact him via encrypted messages to respond to these ads and negotiate exchange rates. After the exchange rate was determined, India-based Murarka instructed its customers to send cryptocurrencies to certain cryptocurrency addresses. Murarka then arranged for the cash to be delivered to his employees in the United States through a complex, prearranged Indian hawala operation. Murarka's network of employees across the U.S. and abroad would collect cash from Murarka's hawala connections, which would then be packaged in a variety of ways, including sandwiched between pages and sealed in multiple envelopes, before being mailed to customers. Murarka charged fees for services and used a portion of them to bribe employees and co-conspirators. Murarka knew that many of his clients were involved in criminal activity, particularly computer hacking and drug trafficking, and therefore he knew that his business facilitated criminal activity by assisting in concealing the origins of illegal activity. Murarka and his co-conspirators laundered a total of more than $20 million.
▌The President of The ETF Store: There have been 7 crypto-related ETF applications in the past 48 hours
The ETF Store President Nate Geraci tweeted that in the past 48 hours, many institutions have submitted applications for crypto-related ETFs, and the regulatory direction is changing. The specific applications are as follows: VanEck On-chain Economy ETF Canary Litecoin ETF (19b-4) Oasis Capital Digital Asset Debt Strategy ETF CoinShares Digital Asset ETF ProShares LeveragePole and Inverse XRP ETF ProShares XRP Futures ETF ProShares Solana Futures ETF
▌Trump may issue an executive order that will benefit the cryptocurrency industry within a few days after taking office
p>According to Jinshi report, multiple people familiar with the matter revealed that U.S. President-elect Trump plans to use his executive powers to reduce the regulations faced by cryptocurrency companies in the first few days after taking office. Affordable, and promote the adoption of digital assets. After taking office, Trump is expected to sign an executive order to establish a cryptocurrency advisory committee, an idea he first proposed in July last year.
Blockchain Application
▌MARA CEO: The portrait of President Trump in the Bitcoin block is generated by AI
Fred Thiel, CEO of Bitcoin mining company MARA, posted on the Portrait of President Trump powered by AI Generated to celebrate his upcoming inauguration as the first U.S. president to support Bitcoin.
Cryptocurrency
▌A certain whale/institution address sold 7,983.8 ETH 6 hours ago, making a profit of US$1.05 million
According to on-chain data analyst Ember’s monitoring, a whale/institution address sold 7,983.8 ETH 6 hours ago in exchange for 27.29 million DAI, with an average selling price of 3,419 Dollar. It is reported that this address bought 7,983.8 ETH at a price of $3,286 5 days ago and sold all of it at a price of $3,419 today, making a profit of $1.05 million (+4%).
▌Coinbase supports the establishment of a Bitcoin strategic reserve and recommends the establishment of a special economic zone for the digital asset economy
Coinbase endorsed the idea of a U.S. strategic Bitcoin reserve on Friday as part of a blog post by CEO Brian Armstrong on "economic freedom." He wrote: "Economic growth results from free market capitalism, deregulation, small business and technological innovation. If the rest of the G20 also wants to participate in economic prosperity, it would be wise to join the trend of embracing economic freedom and free markets. .Brian Armstrong called on world leaders to do four things in the spirit of technological optimism next year: first, pass laws to allow cryptocurrency companies to stay in their countries; second, establish strategic Bitcoin reserves, the article reads: "Next "A global arms race will start in the digital economy, not the space field"; third, establish special economic zones for the digital asset economy; finally, improve efficiency, the article specifically mentioned the efforts of the Department of Efficiency (DOGE).
< p style="text-align: left;">▌CryptoQuant: Coinbase Prime’s Bitcoin OTC trading increased significantlyCryptoQuant analysts found that Coinbase Prime’s over-the-counter (OTC) trading activity increased significantly This indicates an increase in the number of institutional investors using OTC channels to accumulate Bitcoin. Ki Young Ju, CEO of CryptoQuant, explained: “When Coinbase Prime Brokerage Service is the preferred Bitcoin buying channel for U.S. institutions. When the capital inflow increases significantly, it indicates that a variety of over-the-counter transactions (OTC) are currently taking place, and institutions are more willing to conduct OTC transactions. ”
Important Economic Updates
▌The U.S. Congressional Budget Office: The U.S. real GDP growth rate is expected to be 1.9% in 2025
The U.S. Congressional Budget Office (CBO) said it expects U.S. real GDP growth to be 1.9% in 2025, down from the 2.0% forecast in June, and that the average annual growth rate from 2024 to 2034 is 1.9% .
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 do not target the blockchain's encryption algorithms, damaging the underlying peer-to-peer network infrastructure that cryptocurrencies rely on may Leading to service disruptions, loss of funds, and loss of user trust. Attackers can interfere with the consensus process, transaction verification, or node-to-node communication by focusing on specific nodes or servers. This can cause network fragmentation, processing delays, or even complete shutdown. p>
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.knowledge.