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Golden Morning News
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2024-12-09 09:03 3,375
Headlines

▌BTC breaks through 101,000 US dollars

The market shows that BTC has exceeded 101,000 US dollars and is now trading at 101,051.99 US dollars, with a 24-hour increase of 1.23%. The market fluctuates greatly, so please control risks.

▌The Cardano Foundation Twitter account has been compromised

According to Aggr News, the Cardano Foundation Twitter account has been compromised.


Quotes

As of press time, according to Coingecko data:

BTC’s recent transaction price was US$100,827, with an intraday increase or decrease of +0.9%;

ETH The latest transaction price was US$3,993.86, with an intraday increase or decrease of -0.2%;

BNB’s latest transaction price 741.03 US dollars, with an intraday increase or decrease of -1.3%;

SOL’s recent transaction price was 236.67 US dollars, with an intraday increase or decrease of -0.7%;

DOGE’s recent transaction price was 0.4642 yuan, with an intraday increase or decrease of The increase or decrease was +2.6%;

XPR’s recent transaction price was $2.59, with an intraday increase or decrease of -0.4%.


▌Ripple chief technology officer criticizes the U.S. Federal Deposit Insurance Corporation’s actions against cryptocurrencies

New documents show that in 2022, the U.S. Federal Deposit Insurance Corporation (FDIC) Banks are advised to suspend crypto-related activities due to unresolved regulatory risks. Coinbase’s investigation into these actions found that the FDIC blocked financial institutions from providing services to the crypto industry more than 20 times.

In response to the FDIC’s stance, Ripple Chief Technology Officer David Schwartz criticized the FDIC’s actions against cryptocurrencies on social media, questioning the logic of taking enforcement actions in an environment of regulatory uncertainty, especially in Coinbase publicly revealed that the FDIC was trying to prevent banks from supporting the industry.

▌Argentina’s securities watchdog allows foreign investment products linked to several crypto ETF opportunities to enter the domestic market

Argentina’s securities watchdog CNV announced a market-wide movement to allow foreign investment products linked to several crypto ETF opportunities to enter the domestic market. Crypto ETF opportunities (including foreign investment products linked to Ethereum and Bitcoin, gold, and even stock market indices) are entering the Argentinian market. Roberto Silva, Chairman of Argentina’s Securities Supervisory Authority Silva emphasized: "Through these initiatives, we are raising Argentina to the standards of the most developed international markets."


Blockchain Application

▌NFT lending platform Blend has a total transaction volume of 70.68 billion US dollars

According to Dune data, the total transaction volume of Blur's NFT lending platform Blend has reached US$7.068 billion, with a total of 806,943 loans. The current number of independent borrowing addresses on the platform is 12,288.The number of established loan addresses is 4,680.


Cryptocurrency

▌Greeks.live: Cryptocurrencies have been trending independently recently, with limited impact from the macro market. Now is a good opportunity to buy options

Greeks.live Macro researcher Adam posted on the There are important data on CPI and European Central Bank interest rates this week, but the recent trend of cryptocurrency has been independent, and the impact on the macro market is limited. The flow of funds in ETFs and crypto-related US stocks deserves more attention.

Bitcoin has successfully exceeded 100,000 US dollars, altcoins have been rising in an all-round way, multiple mainstream coins have appeared several times over, market capital inflows are strong, and bulls are very strong in the spot bull market.

The options market is relatively stable, and block transactions and market interest rates deserve attention. At present, the main term IV is at a low level, and the short-term IV has fallen significantly. The bull market is now strong, which is a good opportunity to buy options.

In terms of the crypto interest rate market, the Bitfinex interest rate market has been relatively stable recently. You can actively close orders when encountering suitable interest rate orders, which deserves special attention especially when there is a market trend.

▌Immunefi: Hacking attacks on DeFi protocols has become a “full-time job” for professional attackers

Mitchell Amodo, founder of blockchain security company Immunefi Amador said that despite the threat of "professional DeFi attackers", the cryptocurrency space is becoming increasingly secure.

Amador also said that hacking DeFi protocols has become a "full-time job" for professional attackers and that DeFi hacking has become "an infinitely sustainable and viable industry" despite "nothing in the cryptocurrency space." Doubt” is becoming safer.

▌Trump: Will not divest from social media platform Truth Social

According to NBC News, U.S. President-elect Trump stated that he does not intend to divest from the $1 billion social media platform he founded. USD divests from social media platform Truth Social. "I don't know what assets to divest," he said. "All I do is release information."


Important Economic Updates

▌The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 85.1%

According to CME "Fed Watch" : The probability that the Federal Reserve will keep current interest rates unchanged until December is 14.9%, and the probability of cutting interest rates by 25 basis points cumulatively is 85.1%. The probability of maintaining the current interest rate unchanged by January next year is 10.1%, the probability of a cumulative 25 basis point interest rate cut is 62.6%, and the probability of a cumulative 50 basis point interest rate cut is 27.3% (Golden Ten)


Golden Encyclopedia

▌What is chain abstraction?

ChainAbstraction 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 developers 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.

Keywords: Bitcoin
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