▌OpenAI releases the long-awaited AI video generation model Sora

OpenAI releases the long-awaited AI video generation model Sora. The new product is similar to OpenArt’s AI tool DALL-E. The user inputs the desired scene, Sara will give back the high-definition video editing results.

▌El Salvador plans to relax requirements for Bitcoin acceptance to unlock $3 billion in loans

According to a report by the Financial Times, citing anonymous sources, El Salvador plans to relax requirements for local businesses to accept Bitcoin. The move was to secure more than $3 billion in loans. Sources say that by switching to a system that allows businesses to voluntarily accept Bitcoin, El Salvador could reach a loan agreement with the International Monetary Fund worth $1.3 billion. The deal will reportedly also unlock two loans, a $1 billion loan from the World Bank and another $1 billion from the Inter-American Development Bank. The Financial Times said that in order to obtain the loan from the International Monetary Fund, the country also agreed to reduce the budget deficit, pass an anti-corruption law and increase reserves.

As of press time, according to Coingecko data:

BTC’s recent transaction price was US$97,130.90, with an intraday increase or decrease of -3.8%;

ETH The latest transaction price was US$3,695.45, with an intraday increase or decrease of -7.5%;

BNB’s latest transaction price 684.67 US dollars, with an intraday increase or decrease of -7.6%;

SOL's recent transaction price was 215.28 US dollars, with an intraday increase or decrease of -9.0%;

DOGE's recent transaction price was 0.4087 yuan, with an intraday increase or decrease The price range was -11.8%;

XPR’s recent transaction price was US$2.18, with an intraday price increase or decrease of -15.8%.

▌Russian Duma representative proposed to establish a Bitcoin strategic reserve to deal with financial risks

Russian Duma representative Anton Tekaev proposed to Finance Minister Anton Sy Luanov proposed the establishment of a strategic Bitcoin reserve to deal with financial risks caused by geopolitical instability.

▌Multiple encryption advocacy groups oppose the nomination of Democratic SEC Commissioner Caroline Crenshaw

Several encryption organizations, including the Cedar Innovation Foundation, have issued advertisements and letters to oppose the nomination of Democratic Party committee member Caroline Crenshaw. SEC Commissioner Caroline Crenshaw. Its digital advertising campaign calls Caroline Crenshaw "more extreme than chairman Gary Gensler". In a statement, the Cedar Innovation Foundation emphasized that Crenshaw opposed the approval of a spot Bitcoin ETF and criticized the cryptocurrency market as a "'Petri dish' of fraud." Blockchain Association and other lobbying groups have sent letter to Senate legislation, urged the rejection of this commissioner. It is reported that the U.S. Senate Banking Committee is preparing to consider the re-nomination of Caroline Crenshaw. Her current five-year term has expired and her term will be in a buffer period, which may last until the end of 2025.

▌xAI: It is updating the functionality of the Grok chatbot through a new autoregressive image generation model code-named Aurora

XAI, owned by Musk : We are updating the capabilities of the Grok chatbot with a new autoregressive image generation model codenamed Aurora, which is now available on the X platform. (Golden Ten)

▌Musk criticized the U.S. for tax problems caused by backward IT, and analyzed that blockchain may be the solution

Musk has recently criticized the U.S. The use of old computers and software makes it difficult for the tax agency (IRS) to pass basic audits and even "difficult to track the whereabouts of tax dollars." Some analysts pointed out that blockchain technology may be one of the solutions to this problem.

▌FLOKI launches debit card, which can use crypto assets at merchants that accept VISA or MasterCard

Floki announced that its debit card has been officially launched, and users can accept VISA or MasterCard globally Mastercard's merchants use crypto assets, and the Floki Debit Card is not available in OFAC sanctions and regions restricted by the issuing bank or Mastercard.

▌The entire network has exploded to US$1.712 billion in the past 24 hours, which may be the highest figure in this bull market

According to Coinglass data, the entire network has exploded in the past 24 hours The total liquidation position is US$1.712 billion, which may be the highest 24-hour liquidation data in this bull market, including long liquidation of US$1.55 billion, short liquidation of US$162 million, BTC liquidation of US$183 million, and ETH liquidation of US$240 million. In the past 24 hours, a total of 569,620 people around the world have been liquidated, with a total liquidation amount of US$1.712 billion. The largest single liquidation order occurred on Binance-ETHUSDT worth US$19.6911 million.

▌GeniusGroup purchased an additional $2.2 million worth of Bitcoin, increasing its holdings to 191 BTC

According to Globenewswire reports, artificial intelligence company GeniusGroup (NYSEAmerican: GNS) announced that it has increased the number of Bitcoin purchases in its Bitcoin vault by an additional $2.2 million to 191 coins, with a total value of $18 million, at an average price of $92,728 per Bitcoin. The company announced its "Bitcoin First" strategy on November 12, committing that 90% or more of its current and future reserves will be held in Bitcoin, with an initial target of $120 million in Bitcoin.

▌JPMorgan Chase: November is a “landmark” month for the cryptocurrency market

MorganChase (JPM) said in a research note on Monday that November was a landmark month for the cryptocurrency market in terms of performance, activity, and sentiment. Analysts led by Kenneth Worthington wrote: “President-elect Trump’s reelection triggered a historic rally and jump in market capitalization across the entire crypto ecosystem.” This includes tokens, decentralized finance (DeFi), stablecoins and ownership Listed company for crypto assets. The bank noted that the crypto ecosystem recorded its best monthly returns, with its market capitalization rising by 45%. The total market value of cryptocurrencies has swelled to $3.3 trillion. The report states that trading volume in the cryptocurrency market has more than doubled, with some digital assets experiencing even higher growth in trading activity. The bank noted that trading volumes for non-fungible tokens (NFTs) were weaker.

▌Analysis: The investment performance of BlackRock IBIT is not outstanding among Bitcoin ETFs

Since Trump won the election, nearly 100 A net amount of $100 million has flowed into U.S. listed spot funds, with about 83% of the funds going to BlackRock's IBIT, but some ETFs have still performed better than others. It turns out that Invesco-Galaxy’s BTCO investment performance is far ahead of other Bitcoin ETFs. To date, BTCO has acquired a net of approximately 8,740 BTC at a price of $418.9 million, with a position value of $860.6 million, which means that the E TF's shareholder return was over 100%; in comparison, while BlackRock IBIT acquired approximately 523,935 Bitcoins, its average purchase price was higher ($65,600), meaning IBIT's timing of the market was better than that of similar ETF funds Any other fund in the fund is worse.

▌The probability that the Federal Reserve will cut interest rates by 25 basis points in December is 85.8%

According to CME's "Fed Watch", the Federal Reserve will maintain current interest rates unchanged until December. The probability of a cumulative interest rate cut of 25 basis points is 14.2%, and the probability of a cumulative interest rate cut of 25 basis points is 85.8%. The probability of keeping current interest rates unchanged by January next year is 10.5%, the probability of a cumulative 25 basis point interest rate cut is 67.5%, and the probability of a cumulative 50 basis point interest rate cut is 22%.

▌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 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 mentionHigh risk awareness.