Iran is changing its stance on digital currencies, focusing on regulation rather than restrictions
According to Bitcoin.com, Iran is changing its stance on digital currencies from imposing restrictions to focusing on regulation, according to Abdolnaser Hemmati, Iran's Minister of Economic Affairs and Finance. At an event in Tehran, Hemmati emphasized the government's plan to mitigate the economic risks posed by digital currencies while taking advantage of their potential benefits. He emphasized the authority of the Central Bank of Iran in managing digital assets and highlighted the potential of digital currencies in promoting youth employment, increasing economic assets and offsetting sanctions.
According to Bitcoin.com, Argentina’s securities regulator CNV announced a market-wide initiative that allows foreign investment products related to a variety of cryptocurrency ETF opportunities (including Ethereum and Bitcoin, gold, etc.) to enter the market. Roberto Silva, chairman of the Argentine Securities Regulatory Agency, emphasized: “Through these measures, we are raising Argentina to the standards of the most developed international markets.”
Australian regulator AUSTRAC sets up task force to crack down on non-compliant crypto ATM providers
According to a post by News.bitcoin on the X platform, the Australian Transaction Reports and Analysis Centre (AUSTRAC), an Australian regulator, has set up a working group to crack down on non-compliant crypto ATM providers to curb money laundering and fraud through crypto ATMs. Australia has about 1,200 cryptocurrency ATMs, ranking third in the world. It is reported that AUSTRAC also urged the public to report suspected fraud or fraud activities.
Binance said in a statement: "We have noticed the recent community discussion about the supply data of USUAL and ACX tokens, and have conducted an internal investigation as soon as possible. The specific reasons for the accident are as follows: Binance directly uses CoinMarketCap (CMC) data to display the token circulation information of the project on the 'Trading Page' and 'Price Page'. Therefore, according to the past process, when the data of the project party is not updated, the data on the CMC and Binance pages will also be affected. Regarding ACX: On December 6, the Binance team discovered that the circulation data of ACX was incorrect, and immediately contacted the project party to correct the data on CMC; Regarding USUAL: The change in the token supply information is mainly because CMC and the project party have different standards for the definition of liquidity and how to quote data. After discussion, the project party has also completed the correction on CMC. As mentioned above, we have identified the root cause of the problem and conducted a post-analysis. In the future, we will strive to organize and improve the coordination and process between the project party, CMC and Binance on the display of token circulation and other related information, so that the key information of the token can be verified as soon as possible before the token goes online, and ensure that the information is accurate to avoid similar problems."
Previously, a user of the X platform said: "The reason for USUAL's pull-up is that the original total amount of the token was 4 billion, but now it has been directly changed to 338 million, which is equivalent to full circulation; the reason for ACX's dumping is that the circulation of the token was 138 million when it was launched, and then it was directly changed to 332 million, and the circulating market value directly increased by 2.5 times."
Cardano Foundation X account has been hacked and stolen
According to Aggr News, the Cardano Foundation's X account was hacked and stolen. It is reported that the account posted content claiming that "it has received a lawsuit from the U.S. Securities and Exchange Commission (SEC) on December 8, 2024, and made a difficult decision to stop all support for ADA tokens to ensure compliance with regulatory requirements", but the relevant information is false.
Michael Saylor, founder of MicroStrategy, has released information about Bitcoin Tracker for the fifth consecutive week. He said: "There is too much blue on the SaylorTacker website." (Note: Every time MicroStrategy buys BTC, the website will mark a green dot on the corresponding date, and the BTC price trend line is blue.) According to previous rules, MicroStrategy always increases its holdings of Bitcoin the day after the relevant news is released.
The public chain Zilliqa reported at around 1 a.m. today that the network encountered technical problems that led to the interruption of block production, but the funds are safe. All partners are strongly advised to temporarily stop any deposits or withdrawals on the network while this problem is being resolved. Later, at 05:53, Zilliqa reported: "The team tried to initiate a quick restart to minimize the time required to restore the network. Unfortunately, this approach was not successful, and a full reinitialization of the network is now underway. We will keep you informed of progress. Preliminary investigations indicate that the problem is similar to previous outages. This particular problem will not appear in the brand new network we are preparing to release in the near future." As of now, Zilliqa officials have not released any other new progress.
According to The Block, last weekend, Coinbase users reported that their accounts were suddenly restricted by the platform. The official Coinbase Support account X responded to users in a series of posts, asking them to "please be patient and don't believe everything on the X platform." Reports of attacks against Coinbase users have increased in recent weeks. According to a message posted on the X platform by @pcaversaccio, a pseudonymous security researcher and member of the SEAL 911 team, multiple accounts were attacked on Saturday night and funds from multiple accounts were stolen. The official Coinbase Support account said: "The increase in new users and reactivation of accounts by old users after the US election caused a 2-3 times surge in fraud attempts, but the anti-fraud system successfully saved tens of millions of dollars in losses." Researchers recently criticized Coinbase for its apparent stance on users using VPNs. Scott Shapiro, Coinbase's product director, said in a post on December 2 that because VPNs are commonly used by attackers, even legitimate use may be considered a risk signal. In a follow-up post, Shapiro clarified that the use of VPNs alone would not trigger a flag, but when combined with other factors (such as logging in from unknown devices and sending large amounts of cryptocurrency), it may trigger a security review. @pcaversaccio wrote in response to Shapiro's original post: PN is a digital umbrella for users and helps protect privacy. Nick Percoco, chief security officer of competitor Kraken, criticized Coinbase for asking users to choose between financial freedom and privacy protection. In addition, others criticized Coinbase for its lack of timely support over the weekend. Coinbase Support said that the increase in fraud attempts has led to an increase in the number of restricted accounts and longer customer waiting times, but promised to deal with the problems of restricted users as soon as possible.
According to Cointelegraph, the National Center for Public Policy Research in Washington, DC, a think tank that advocates for the free market, has submitted a shareholder proposal to Amazon, advocating the consideration of Bitcoin as a corporate treasury strategy at the April 2025 shareholders' meeting. The think tank pointed out in the letter that the current US Consumer Price Index (CPI), which measures inflation, is 4.95%, but this indicator is "extremely bad" in measuring the real depreciation of currency. The author believes that the real inflation rate may be twice the CPI reported figure; this greatly erodes Amazon's $88 billion in cash and short-term cash equivalents. To protect shareholder value, Bitcoin should be used to hedge this risk. The think tank wrote: "As of December 6, 2024, the price of Bitcoin has risen by 131% year-on-year, outperforming corporate bonds by an average of 126%. Over the past five years, the price of Bitcoin has risen by 1,246%, outperforming corporate bonds by an average of 1,242%."
Trump: Will not withdraw funding from social media platform Truth Social
According to Jinshi, US President-elect Trump said he would consider raising the federal minimum wage, but was willing to negotiate with state governors. The federal minimum wage has been $7.25 per hour since 2009. "I agree, it's a very low number," he said. Trump said he would release all his medical records. By the end of his term in 2029, Trump will be 82 years old, the same age as Biden is now. Trump also said he does not plan to divest from Truth Social, the $1 billion social media platform he founded. "I don't know which assets to divest," he said. "All I do is release information."
Trump: No plans to replace Fed Chairman Powell
According to Jinshi, US President-elect Donald Trump said on NBC's "Meeting with Kirsten Welker" program broadcast on Sunday that he would not try to replace Federal Reserve Chairman Powell after taking office in January next year. When asked if he would seek to replace Powell, Trump told Welker: "No, I don't think so." "I think if I told him, he would (resign). But if I asked him (to resign), he might not."
Digital asset management company Grayscale announced the launch of recruitment on the X platform, involving positions including: tax director, ETF product senior manager, digital asset trader, portfolio manager, product manager, and engineering director.
Analysis: US Strategic Bitcoin Reserve Momentum Is Filtering Down to the State Level
According to DL News, the possibility of Trump creating a national Bitcoin reserve is a major factor in driving the cryptocurrency market to new heights. Now the momentum of the U.S. strategic Bitcoin reserve is penetrating to the state level, such as: Florida is taking steps to establish a strategic Bitcoin reserve as early as the first quarter of 2025; Pennsylvania is also formulating its own Bitcoin Strategic Reserve Act, which was introduced in November and expects to invest 10% of the state's general fund in Bitcoin; Florida and Pennsylvania aim to buy Bitcoin directly, but other states such as Michigan and Wisconsin have chosen a more conservative route, investing in Bitcoin-related ETFs and trusts: U.S. SEC documents show that as of September, Michigan held $11 million worth of ARK 21Shares Bitcoin ETF; The Wisconsin Investment Committee holds more than $220 million worth of Grayscale and BlackRock Bitcoin ETF shares.
According to the latest data from Starknet blockchain browser Voyager, the amount of STRK staked has exceeded 88 million, currently reaching 88,824,576.64 STRK, accounting for approximately 3.93% of the 2,259,283,720 STRK in circulation. Validator data shows that Argent, the smart contract wallet, currently ranks first in staking, with a stake of approximately 31,789,734.747, accounting for 35.78%; Karnot ranks second in staking, with a stake of approximately 16,734,057.944, accounting for 18.83%. Since the total amount of stakes of the two head validators has exceeded the "critical point of centralization risk", Voyager reminds staking users to disperse their stakes to protect decentralization, and recommends considering other validators for staking to ensure network stability and fairness.
According to on-chain analyst Ember, the whale who withdrew 96,638.9 ETH from Coinbase at $1,567 in 2022 completed the last ETH transfer/sale 7 hours ago: 11,638.9 ETH (46.4 million USD) was transferred to Kraken. In this way, he withdrew 96,638.9 ETH from Coinbase at $1,567 in 2022, and transferred/sold all of them through 8 transfers in the 9 months from March to December this year. The average price was $3,078. In general, his ETH investment over 2 years brought about a return of $146 million (+96%), which just doubled.
According to Scam Sniffer monitoring, the stolen funds from DEXX are currently being transferred to Tornado Cash, and about 1,000 ETH have been deposited so far.
The supply of stablecoin USDe has exceeded $5 billion, doubling from mid-October
Token Terminal data shows that the supply of Ethena Labs' stablecoin USDe has exceeded $5 billion (Defillama data shows that it is currently $5.27 billion). Since mid-October, the supply of USDe has doubled.
Token Unlocks data shows that APT, ADA, ENA and other tokens will be unlocked in large amounts this week, including:
- Aptos (APT) will unlock approximately 11.31 million tokens at 0:00 on December 12, Beijing time, accounting for 2.11% of the current circulation and worth approximately US$160 million.
- Cardano (ADA) will unlock approximately 18.53 million tokens at 8:00 a.m. Beijing time on December 11, accounting for 0.05% of the current circulation, with a value of approximately US$22 million;
- Ethena (ENA) will unlock approximately 12.86 million tokens at 3:00 pm Beijing time on December 11, accounting for 0.44% of the current circulation, with a value of approximately US$12.9 million;
- Bitget Token (BGB) will unlock approximately 5.38 million tokens at 8:00 am Beijing time on December 10, accounting for 0.38% of the current circulation, with a value of approximately US$14.4 million;
- io.net (IO) will unlock approximately 2.11 million tokens at 8:00 pm Beijing time on December 11, accounting for 1.68% of the current circulation and worth approximately US$7.5 million;
- Eigenlayer (EIGEN) will unlock approximately 1.29 million tokens at 3:00 a.m. Beijing time on December 11, accounting for 0.61% of the current circulation, with a value of approximately US$5.9 million;
- Fusionist (ACE) will unlock approximately 850,000 tokens at 8:00 a.m. Beijing time on December 12, accounting for 2.01% of the current circulation, with a value of approximately US$2.9 million;
- World Mobile Token (WMTX) will unlock approximately 5 million tokens at 8:00 a.m. Beijing time on December 9, worth approximately $2.7 million;
- Staika (STIK) will unlock about 1.5 million tokens at 8:00 am Beijing time on December 10, worth about $2.2 million;
- Aurora (AURORA) will unlock approximately 5.33 million tokens at 8:00 a.m. Beijing time on December 12, accounting for 0.96% of the current circulation and worth approximately $1.5 million.
- Moonbeam (GLMR) will unlock approximately 3.04 million tokens at 8:00 a.m. Beijing time on December 11, accounting for 0.33% of the current circulation and worth approximately US$1.1 million.
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