🚀 South Korean Police Investigate Officials Over Emergency Martial Law
#SouthKorea #MartialLaw #PoliceInvestigation #Government #NationalSecurity #SouthKoreanOfficials #EmergencyPowers #PoliticalInquiry #YoonSukYeol #HanDuckSoo
According to PANews, the South Korean National Police Agency's Special Investigation Team has conducted inquiries into nine officials who participated in a state council meeting before and after the declaration of emergency martial law. The investigation excludes President Yoon Suk-yeol, former Defense Minister Kim Yong-hyun, and Unification Minister Kim Young-ho. The officials under investigation include Acting President and Prime Minister Han Duck-soo, Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho, Minister of Justice Park Beom-kye, former Minister of the Interior and Safety Lee Sang-min, Minister of Foreign Affairs Cho Tae-yong, Minister of Agriculture, Food and Rural Affairs Song Mi-rim, Minister of Health and Welfare Cho Kyu-hong, Minister of SMEs and Startups Oh Young-sook, and Director of the National Intelligence Service Cho Tae-yong.#SouthKorea #MartialLaw #PoliceInvestigation #Government #NationalSecurity #SouthKoreanOfficials #EmergencyPowers #PoliticalInquiry #YoonSukYeol #HanDuckSoo
🚀 David Sacks Appointed As AI And Crypto Advisor Amid Controversy
#DavidSacks #AI #Crypto #DonaldTrump #advisorycommittee #venturecapitalist #CraftVentures #technologypolicy #SiliconValley #startups
According to Odaily, former President Donald Trump recently appointed David Sacks as the "AI and Crypto Czar" to lead a new advisory committee, drawing significant attention. Sacks, a venture capitalist, podcast host, and former PayPal executive, was initially set to take on a leadership role. However, insiders from the transition team revealed that last week, the position was downgraded to a general advisory role. This change was partly due to Sacks' reluctance to leave his investment firm, Craft Ventures, and his unwillingness to undergo the formal appointment process.
In the future, Michael Kratsios is expected to lead technology policy efforts, with Sacks contributing policy ideas. Despite the change in his role, Sacks remains influential, frequently operating in Florida and San Francisco and meeting with lawmakers. His appointment has sparked controversy over potential conflicts of interest, though some in Silicon Valley are optimistic, believing he could benefit startups. However, there are concerns about his expertise and the direction of policy under his influence.#DavidSacks #AI #Crypto #DonaldTrump #advisorycommittee #venturecapitalist #CraftVentures #technologypolicy #SiliconValley #startups
🚀 Tai Mo Shan Ltd. Settles With SEC Over TerraUSD Misleading Claims
#TaiMoShan #SEC #TerraUSD #cryptocurrency #settlement #Luna #investors #securitieslaws #LUNA
According to Foresight News, Tai Mo Shan Ltd., the cryptocurrency division of Jump Trading, has agreed to pay $123 million to settle allegations by U.S. regulators that it misled investors about the stability of the TerraUSD algorithmic stablecoin. The U.S. Securities and Exchange Commission (SEC) announced on Friday that the company also resolved accusations of violating securities laws while underwriting TerraUSD's sister token, Luna. Tai Mo Shan neither admitted nor denied the SEC's allegations as part of the settlement.
TerraUSD was designed to maintain a constant value of $1 through a complex algorithm involving Luna and trader incentives. However, the SEC stated that Tai Mo Shan's substantial purchasing activities artificially stabilized the coin, misleading the market into believing the algorithmic mechanism was effective.#TaiMoShan #SEC #TerraUSD #cryptocurrency #settlement #Luna #investors #securitieslaws #LUNA
🚀 Google Updates Cryptocurrency Advertising Policy for 2025
#Google #Cryptocurrency #AdvertisingPolicy #FinancialServices #CryptocurrencyExchanges #UK #GoogleCertification #FCA #HardwareWallets #NFTs #CryptoAssets
According to PANews, Google has announced an update to its financial products and services policy, which will take effect in January 2025. The update clarifies the scope and requirements for advertising cryptocurrency-related businesses and services. Starting January 15, 2025, advertisers offering cryptocurrency exchanges in the United Kingdom can promote these products and services, provided they meet specific criteria and obtain Google certification.
For cryptocurrency exchanges and software wallets in the UK, Google will permit advertisements if the advertisers are registered with the Financial Conduct Authority (FCA). Additionally, they must comply with any other local legal requirements.
Regarding hardware wallets in the UK, Google will allow advertisements for devices used to store private keys for cryptocurrencies, NFTs, or other crypto assets. However, these advertisements must not offer additional services such as buying, selling, exchanging, or trading assets. Advertisers must also adhere to any other local legal requirements.
All advertisers must obtain Google certification to run these advertisements.#Google #Cryptocurrency #AdvertisingPolicy #FinancialServices #CryptocurrencyExchanges #UK #GoogleCertification #FCA #HardwareWallets #NFTs #CryptoAssets
🚀 Fidelity Sees Significant Outflows And Inflows In Cryptocurrency Funds
#Fidelity #cryptocurrency #funds #outflows #inflows #FBTC #FETH #BlockBeats
According to BlockBeats, Farside Investors reported on December 21 that Fidelity's cryptocurrency funds experienced notable financial movements. The FBTC fund saw a net outflow of $71.9 million, while the FETH fund recorded a net inflow of $13 million.#Fidelity #cryptocurrency #funds #outflows #inflows #FBTC #FETH #BlockBeats
🚀 Tether Anticipates Over $10 Billion Net Profit By Year-End
#Tether #USDT #NetProfit #Cryptocurrency #Bitcoin #Investment #Rumble #AIGrowth #CryptoMarket
According to Odaily, Tether's CEO Paolo Ardoino has announced that the company is on track to achieve a net profit exceeding $10 billion by the end of the year. This financial success is attributed to the rising demand for its US dollar-pegged stablecoin, USDT, driven by the increasing prices of cryptocurrencies like Bitcoin. The market capitalization of USDT has surpassed $140 billion. This year, Tether has allocated more than half of its profits to investments, including funding for the video platform Rumble. Looking ahead to next year, Tether plans to continue this investment strategy by dedicating at least half of its profits to further investments. In the first quarter, the company intends to launch an AI platform and explore investment opportunities within the US cryptocurrency sector.#Tether #USDT #NetProfit #Cryptocurrency #Bitcoin #Investment #Rumble #AIGrowth #CryptoMarket
🚀 Circle's USDC Circulation Increases by $900 Million
#Circle #USDC #cryptocurrency #circulation #finance #reserves #PANews
According to PANews, official data reveals that Circle issued approximately $3.8 billion in USDC and redeemed around $2.9 billion USDC over the seven days leading up to December 19. This activity resulted in an increase of about 900 million USDC in circulation. The total circulation of USDC now stands at 42.3 billion, with reserves amounting to approximately $42.5 billion. Of these reserves, about $4.9 billion is held in cash, while the Circle Reserve Fund holds approximately $37.6 billion.#Circle #USDC #cryptocurrency #circulation #finance #reserves #PANews
🚀 Luxembourg Passes Blockchain Law to Facilitate DLT Securities
#Luxembourg #BlockchainLaw #DLT #Securities #ForesightNews #Regulations #CSSF #InvestmentFirms #CentralSecuritiesDepository
According to Foresight News, Luxembourg has enacted its fourth blockchain law, known as 'Blockchain Law 4,' aimed at simplifying the adoption of distributed ledger technology (DLT) for securities. The new legislation introduces a two-tier system under the current DLT securities framework. The first tier involves a central account manager, akin to a central securities depository (CSD), but with less complexity. The second tier pertains to account managers, or custodians.
In this framework, EU credit institutions, investment firms, or central securities depositories can act as control agents. While obtaining a license in Luxembourg is not required, entities must notify the regulatory authority, the Commission de Surveillance du Secteur Financier (CSSF), several months in advance.#Luxembourg #BlockchainLaw #DLT #Securities #ForesightNews #Regulations #CSSF #InvestmentFirms #CentralSecuritiesDepository
🚀 Nexo 7RCC Bitcoin And Carbon Credit Futures ETF Amendment Submitted
#Nexo #Bitcoin #CarbonCredits #FuturesETF #SEC #Finance #Investing #S1Amendment #BTC
According to BlockBeats, on December 21, Nate Geraci, President of The ETF Store, announced on social media that the S-1 amendment for the Nexo 7RCC Spot Bitcoin and Carbon Credit Futures ETF has been submitted. As the name suggests, this ETF comprises 80% Bitcoin and 20% carbon credit futures. The SEC has approved the 19b-4 filing, and the ETF is expected to launch soon.#Nexo #Bitcoin #CarbonCredits #FuturesETF #SEC #Finance #Investing #S1Amendment #BTC
🚀 Hong Kong Considers Stablecoin Issuer Regulations
#HongKong #Stablecoin #Regulations #VirtualAssets #CrossBorderPayments #LicensingSystem #FinancialInfrastructure #ReserveAssets #LegislativeCouncil
According to PANews, a new bill regulating stablecoin issuers has been submitted to Hong Kong's Legislative Council for review. This follows the introduction of a licensing system for virtual asset trading platforms. Hong Kong legislator Ng Kit Chuang emphasized that stablecoins are a fundamental part of virtual asset infrastructure, serving not only as investment tools but also facilitating cross-border payments. Ng noted that the current regulatory proposal suggests issuers should deposit reserve assets with Hong Kong banks, which may not align with local regulations of certain coin issuers. Efforts are underway to communicate with the government and industry stakeholders to find a compromise, such as establishing mutual recognition contracts or notes between jurisdictions. This approach aims to ensure that assets do not need to be physically held in Hong Kong while still providing protection for Hong Kong citizens.#HongKong #Stablecoin #Regulations #VirtualAssets #CrossBorderPayments #LicensingSystem #FinancialInfrastructure #ReserveAssets #LegislativeCouncil
🚀 BlackRock ETF Experiences Significant Net Outflow
#BlackRock #ETF #NetOutflow #Investment #Finance
According to BlockBeats, on December 21, monitoring by Trader T revealed that BlackRock's IBIT ETF experienced a net outflow of $72.84 million the previous day. This marks the fourth instance of a net outflow for the ETF in its 239 days since inception.#BlackRock #ETF #NetOutflow #Investment #Finance
🚀 Ethereum(ETH) Surpasses 3,500 USDT with a 4.17% Increase in 24 Hours
#Ethereum #ETH #USDT #cryptocurrency #Binance #marketdata #trading #increase
On Dec 21, 2024, 05:47 AM(UTC). According to Binance Market Data, Ethereum has crossed the 3,500 USDT benchmark and is now trading at 3,507.25 USDT, with a narrowed 4.17% increase in 24 hours.#Ethereum #ETH #USDT #cryptocurrency #Binance #marketdata #trading #increase
🚀 Bitcoin(BTC) Surpasses 98,000 USDT with a 1.26% Increase in 24 Hours
#Bitcoin #BTC #USDT #cryptocurrency #Binance #marketdata #priceincrease
On Dec 21, 2024, 05:47 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 98,000 USDT benchmark and is now trading at 98,164.023438 USDT, with a narrowed 1.26% increase in 24 hours.#Bitcoin #BTC #USDT #cryptocurrency #Binance #marketdata #priceincrease
🚀 BNB Surpasses 690 USDT with a 2.70% Increase in 24 Hours
#BNB #USDT #cryptocurrency #Binance #trading #marketdata #priceincrease #2024
On Dec 21, 2024, 05:51 AM(UTC). According to Binance Market Data, BNB has crossed the 690 USDT benchmark and is now trading at 690.469971 USDT, with a narrowed 2.70% increase in 24 hours.#BNB #USDT #cryptocurrency #Binance #trading #marketdata #priceincrease #2024
🚀 Senator Lummis Advocates Strategic Bitcoin Reserve for Debt Repayment
#CynthiaLummis #BitcoinReserve #DebtRepayment #GovernmentDebt #PANews #BTC
According to PANews, U.S. Senator Cynthia Lummis has emphasized the purpose of a strategic Bitcoin reserve as a means to 'clearly and strategically repay the government debt looming over every American.'#CynthiaLummis #BitcoinReserve #DebtRepayment #GovernmentDebt #PANews #BTC
🚀 Bitcoin(BTC) Surpasses 99,000 USDT with a 1.03% Increase in 24 Hours
#Bitcoin #BTC #USDT #cryptocurrency #Binance #marketdata #priceincrease
On Dec 21, 2024, 07:36 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 99,000 USDT benchmark and is now trading at 99,049.351563 USDT, with a narrowed 1.03% increase in 24 hours.#Bitcoin #BTC #USDT #cryptocurrency #Binance #marketdata #priceincrease
🚀 Cryptocurrency Market Experiences $118 Million Liquidation in 12 Hours
#Cryptocurrency #Market #Liquidation #Coinglass #BlockBeats #LongPositions #ShortPositions
According to BlockBeats, data from Coinglass reveals that the cryptocurrency market witnessed liquidations totaling $118 million over the past 12 hours. Of this amount, long positions accounted for $43.14 million, while short positions saw liquidations amounting to $73.84 million.#Cryptocurrency #Market #Liquidation #Coinglass #BlockBeats #LongPositions #ShortPositions
🚀 BNB Drops Below 680 USDT with a Narrowed 5.62% Increase in 24 Hours
#BNB #USDT #Cryptocurrency #MarketData #Binance #PriceDrop #24HourChange #Trading
On Dec 21, 2024, 09:06 AM(UTC). According to Binance Market Data, BNB has dropped below 680 USDT and is now trading at 679.799988 USDT, with a narrowed narrowed 5.62% increase in 24 hours.#BNB #USDT #Cryptocurrency #MarketData #Binance #PriceDrop #24HourChange #Trading
🚀 Hong Kong Exchange Expands Virtual Asset Market With New Initiatives
#HongKongExchange #VirtualAssets #ETP #ETF #MarketGrowth #DigitalAssets #Finance #Investment #MarketLiquidity #Innovation
According to PANews, the Hong Kong Stock Exchange has released its 2024 review, highlighting significant growth in the virtual asset sector. The market for exchange-traded products (ETPs), including ETFs and leveraged and inverse products, has expanded, with the average daily trading volume reaching 18.7 billion yuan by the end of November, marking a 34% increase compared to the same period in 2023. This year, Hong Kong saw the listing of its first covered call options ETF and Asia's first virtual asset spot ETF, enhancing the diversity of ETP products and boosting market liquidity, leading to the listing of 36 new ETFs.
Additionally, the Hong Kong Stock Exchange has announced plans to digitize and automate the physical subscription and redemption mechanism for ETPs to improve market efficiency and stimulate continued growth in secondary market activities.
The exchange has also introduced the Hong Kong Stock Exchange Virtual Asset Index Series, providing a reliable benchmark price for the rapidly emerging asset class of virtual assets, supporting Hong Kong's development as a leading digital asset hub.#HongKongExchange #VirtualAssets #ETP #ETF #MarketGrowth #DigitalAssets #Finance #Investment #MarketLiquidity #Innovation
🚀 Ethereum NFT Sales Surge 76% in Weekly Volume
#Ethereum #NFT #Sales #Crypto #Blockchain #DigitalCollectibles #MythosChain #Immutable #Polygon #BNBChain #ETH #BTC #SOL
According to Odaily, data from CryptoSlam reveals that Ethereum NFT sales experienced a 76% increase in volume last week, reaching $201 million. This figure represents 66% of all NFT sales over the past seven days. In comparison, Bitcoin-based NFTs generated $40 million in sales, while Solana-based collectibles accounted for $29 million. The combined weekly trading volume for Mythos Chain, Immutable, Polygon, and BNB Chain amounted to $25.9 million. This week's trading volume surpassed the September record of $296 million, a month when digital collectibles saw their lowest monthly trading volume since 2021.#Ethereum #NFT #Sales #Crypto #Blockchain #DigitalCollectibles #MythosChain #Immutable #Polygon #BNBChain #ETH #BTC #SOL
🚀 Federal Reserve's Shift Impacts Markets, Bitcoin Experiences Decline
#FederalReserve #Bitcoin #MarketImpact #USTreasury #Cryptocurrency #Ethereum #Dogecoin #ETFs #MarketVolatility #ConsumerConfidence #JoblessClaims #USDollar #WallStreet #BTC #ETH #DOGE
According to PANews, the Federal Reserve confirmed a long-anticipated policy shift this week, significantly impacting the markets. Market participants now expect a rate cut of approximately 40 basis points by December 2025, leading to a rise in U.S. Treasury yields. Earlier this week, Bitcoin fell from its all-time high, continuing its decline during European trading on Friday, nearing $95,000. This follows Bitcoin's recent peak of over $108,000. The downturn in the cryptocurrency market has affected altcoins like Ethereum and Dogecoin more severely. Additionally, U.S. exchange-traded funds (ETFs) directly investing in Bitcoin ended a 15-day streak of inflows, recording an outflow of $680 million, highlighting a shift in market sentiment.
With Christmas approaching, the market is expected to be relatively calm next week, though some significant data releases could still influence it. However, due to thin liquidity, market volatility might increase. Key points to watch in the upcoming week include the U.S. December Conference Board Consumer Confidence Index on Monday at 23:00 (UTC+8) and the initial jobless claims for the week ending December 21 on Thursday at 21:30 (UTC+8).
For the U.S. dollar, the Federal Reserve's overall hawkish stance suggests it will maintain its strength, despite potential volatility due to low trading volumes during the holiday period. Any market turbulence during the holidays is more likely to impact U.S. stocks and bonds negatively. The Fed's hawkish position has not been well-received on Wall Street, and with U.S. Treasury yields continuing to rise, sell-offs may intensify.#FederalReserve #Bitcoin #MarketImpact #USTreasury #Cryptocurrency #Ethereum #Dogecoin #ETFs #MarketVolatility #ConsumerConfidence #JoblessClaims #USDollar #WallStreet #BTC #ETH #DOGE