▌Trading platform eToro plans to IPO in the United States

Informed sources revealed that the trading platform that provides cryptocurrency and stock trading Online brokerage eToro is teaming up with Goldman Sachs Group Inc. to prepare for a U.S. initial public offering. eToro is considering listing as early as the second quarter, although this timeline may change. The company said its listing valuation could be higher than the $3.5 billion it achieved in private financing last year. People familiar with the matter said details such as the issuance time may change, and more banks may be added to the list. Previously, eToro had attempted to go public at a $10.4 billion valuation through a merger with a special purpose acquisition company led by serial trader Betsy Cohen. Both parties agreed to terminate the transaction in 2022.

▌Federal Reserve Hammark: It may be time for the Federal Reserve to slow down the pace of interest rate cuts

Federal Reserve Hammark Mark said on Friday it might be time for the Federal Reserve to slow its pace of interest rate cuts. She believes the Fed's interest rate may not be much higher than neutral. Hammack noted that financial markets expect the Fed to cut interest rates only once over its next two meetings, saying that expectation is consistent with her view. Inflation, economic growth and the labor market remain stronger than the Fed expected in September, she said. Hammack's speech was one of the clearest hints from recent Fed officials that the Fed may no longer be very committed to cooling inflation and economic growth.

As of press time, according to Coingecko data:

BTC’s recent transactions The price is US$100,274, with an intraday increase or decrease of +2.7%;

ETH’s recent transaction price was US$4,002.63, with an intraday increase or decrease of +3.1%;

BNB’s recent transaction price was US$735.77, with an intraday increase or decrease of +0.9% ;

SOL’s recent transaction price was US$236.44, with an intraday increase or decrease of -3.0%;

DOGE's latest transaction price is 0.4382 yuan, with an intraday increase or decrease of +0.3%;

XPR's latest transaction price is 2.48 US dollars, with an intraday increase or decrease of +0.7%.

▌The Czech Republic agrees to eliminate capital gains tax on Bitcoin held for more than 3 years

The Czech Republic’s parliament unanimously approved the elimination of capital gains tax on Bitcoin held for more than 3 years.

▌The consequences of martial law in South Korea may trigger calls for crypto market reform

Xinrong Securities Digital Asset Analyst Minho Leem said that the South Korean crypto market experienced volatility after South Korean President Yoon Seok-yue issued a brief martial law, which may prompt calls for regulatory reforms. In the long term, this incident exposed the vulnerability of the crypto market in dealing with the unique situation in South Korea. South Korea accounts for nearly 11% of global cryptocurrency trading volume, and its closed structure remains a concern. South Korea may explore ways to ensure exchange liquidity and increase transparency through a real-time abnormal trading monitoring system.

▌OpenAI presentation day two: launch of enhanced fine-tuning research project, able to use multiple high-quality task customization models

OpenAI has entered its second day of 12 consecutive working days of presentations. Today we are introducing the Reinforcement Fine-Tuning Research Program. It is reported that the project aims to enable developers and machine learning engineers to create fine-tuned expert models. New model customization technology enables developers to customize models with tens to thousands of high-quality tasks and grade the model's response based on provided reference answers. This technique enhances the model's derivation of solutions to similar problems, as well as its accuracy on specific tasks. OpenAI said it encourages research institutions, universities and businesses to apply for use, and expects positive results in fields such as law, insurance, healthcare, finance and engineering, because the model has an objectively "correct" answer (which most experts would agree on). Excellent performance in tasks.

▌Slow Mist Cosine: A certain bot platform was found to have a vulnerability that could lead to the leakage of private keys

Slow Mist Cosine issued an article saying that a well-known bot platform was discovered by a white hat, which may lead to the leakage of private keys. The white hat reported it, but it seems that there was some controversy due to the bug bounty issue. White hats are worried about this bot platformIf there is a risk of being hacked like DEXX in the future, we will investigate the traces he left at that time and find him to prove his innocence. Cosine said that in order to avoid being non-neutral, it is specially noted that the two words white hat mentioned here do not necessarily mean white hat. There is no way to verify who is right and who is wrong, who is more right and who is less right. If this bot platform is hacked in the future, there is some information shared by this white hat for verification.

▌The stablecoin market is fragmented, and "regional stablecoins" will be used for market connection

At a recent industry roundtable, industry insiders expressed corresponding views on the development status and future direction of stablecoins, including: Vishal Gupta, founder of True Exchange and former USDC head of Circle Said: “Given that stablecoins are helping mass adoption happen, we will see the market become more fragmented and the types of stablecoins proliferate.” Kevin Tharayil, head of special projects at the Celo Foundation, pointed out that the infrastructure is now in place to allow the issuance of stablecoins. It becomes as simple as issuing memecoin on Pump.fun, and a large number of "regional stablecoins" will emerge to support currencies in different regions, such as Mento, the Celo ecological decentralized stablecoin platform. Former Binance executive and Schuman Financial founder Eduardo Morrison noted that his company is particularly interested in tokenizing the euro given the EU’s clear regulations on stablecoins. He sees untapped potential in connecting various cross-border corporate payment corridors between regions such as Latin America, Africa and the Middle East and European markets in particular.

▌The value of Bitcoin held by Musk’s companies has reached US$2 billion

According to Arkham monitoring data, the value of Bitcoin positions held by Musk's companies has reached US$2 billion, of which Tesla holds 11,509 Bitcoins (US$1.17 billion) and SpaceX holds 8,285 Bitcoins (US$842 million) ), the average purchase cost of these Bitcoins was $34,980 per coin, meaning they have now made $1.3 billion (186%) in profit.

Grayscale: DeFi funds have not added or removed any new tokens as of December 4

Grayscale issued a document on the X platform stating that as of December 4, 2024, the Grayscale DeFi Fund has not added or deleted any new tokens, and the assets and weights are:UNI (57.8%), AAVE (18.86%), MKR (9.47%), LDO (9.04%), SNX (4.83%).

▌The British FCA issued a warning to Pump.fun, saying it provides financial services or products without a license

According to the official website, the British Financial Conduct Authority (FCA) issued a warning to Pump.fun, saying, "This company may provide or promote financial services or products without our permission. You should avoid dealing with this company." Deal with and be wary of scams.” Previously, Pump.fun banned British users from using the platform due to local laws and regulations.

▌Fed Daley: Support gradualism and respond to economic uncertainty

Fed Daley said that the Federal Reserve has adopted interest rate cuts and the current interest rate level is "approximately appropriate" and that she supports gradual measures. Daly emphasized the uncertainty of the current economic environment, and it is unclear how quickly inflation will return to the 2% target and the continued strength of the labor market. She mentioned that the Fed should carefully monitor economic data and be ready to raise interest rates again if necessary. At the same time, the synchronicity of global central banks is no longer as good as before, and they need to pay more attention to changes in the actual economic situation in the future.

▌U.S. stocks closed mixed, with cryptocurrency concept stocks generally rising

U.S. stocks closed There were mixed gains and losses, with the Dow falling 0.28%, the Nasdaq rising 0.81%, and the S&P 500 rising 0.25%. The Nasdaq and S&P 500 hit new closing highs. Tesla rose more than 5%. Bank of America raised Tesla's 12-month target price to $400 and maintained a buy rating because it is optimistic about the development of its FSD and artificial intelligence fields. Bitcoin returned to above $100,000, cryptocurrency concept stocks strengthened, Canaan Technology rose by more than 35%, Bit Digital rose by more than 9%, and Coinbase rose by more than 7%.

▌What is chain abstraction?

Chain abstraction is a concept that simplifies the user experience of blockchain technology and unifies transactions across multiple networks. Blockchain chain abstraction aims to solve this problem by hiding or "abstracting" the technology from the user. This means people don’t know they are using a blockchain or which blockchain they are using. The chain abstraction works by providing a single interface that enables users and developersMembers are able to interact with multiple blockchains without having to manage the complexity of each individual chain.

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.