🚀 Bitcoin(BTC) Drops Below 97,000 USDT with a Narrowed 0.65% Increase in 24 Hours
#Bitcoin #BTC #USDT #cryptocurrency #trading #Binance #marketdata #24hours
On Dec 21, 2024, 21:39 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 97,000 USDT and is now trading at 96,908.039063 USDT, with a narrowed narrowed 0.65% increase in 24 hours.#Bitcoin #BTC #USDT #cryptocurrency #trading #Binance #marketdata #24hours
🚀 Ethereum(ETH) Drops Below 3,300 USDT with a 4.64% Decrease in 24 Hours
#Ethereum #ETH #cryptocurrency #Binance #USDT #marketdrop #trading
On Dec 21, 2024, 22:11 PM(UTC). According to Binance Market Data, Ethereum has dropped below 3,300 USDT and is now trading at 3,298.97998 USDT, with a narrowed 4.64% decrease in 24 hours.#Ethereum #ETH #cryptocurrency #Binance #USDT #marketdrop #trading
🚀 Biden Administration Plans Trade Restrictions On AI Firm Linked To Bitmain
#BidenAdministration #TradeRestrictions #AI #Bitmain #Sophgo #Huawei #TSMC #NationalSecurity #ForeignPolicy #Semiconductor #ExportControls
According to Odaily, the Biden administration is reportedly planning to add Sophgo, an AI company linked to Bitmain, to the U.S. Department of Commerce's restricted trade list. This decision comes after allegations that chips manufactured by TSMC for Sophgo were illegally incorporated into Huawei's AI processors. Companies that violate U.S. national security and foreign policy interests are placed on this list, prohibiting exporters from shipping goods and technology to the U.S. without a license, which is likely to be denied. A spokesperson for the U.S. Department of Commerce declined to comment, and Sophgo did not immediately respond to requests for comment. In a statement from October, Sophgo asserted that it has never had any direct or indirect business relationship with Huawei. However, the company did not deny reports of TSMC cutting off chip supplies. Sophgo also stated that it provided TSMC with a detailed investigation report to demonstrate that its dealings were unrelated to Huawei. Earlier this month, the U.S. Department of Commerce initiated an investigation into TSMC to verify whether it supplied chips to Huawei, leading TSMC to halt chip supplies to Sophgo. Two informed sources confirmed that TSMC has ceased supplying chips to the company. Since 2020, Huawei has been prohibited from purchasing chips made with U.S. technology, including those produced by TSMC. TSMC has acknowledged using U.S. technology in its chip manufacturing process and has committed to complying with U.S. laws. Previous reports indicated that semiconductor research firm TechInsights claimed that upon dismantling Huawei's high-end AI accelerator chip, Ascend 910B, it was found to potentially be manufactured by TSMC, suggesting a possible violation of U.S. export controls.#BidenAdministration #TradeRestrictions #AI #Bitmain #Sophgo #Huawei #TSMC #NationalSecurity #ForeignPolicy #Semiconductor #ExportControls
🚀 UAE Strengthens Coordination Against Virtual Asset Crimes
#UAE #VirtualAssets #FinancialCrimes #Coordination #InformationSharing #RiskMitigation #DigitalAssets #FinancialSecurity #ADGM
According to Odaily, the United Arab Emirates (UAE) Ministry of Interior and the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) have signed a memorandum of understanding to enhance coordination in combating crimes related to virtual assets. The agreement mandates information sharing and the strengthening of risk mitigation frameworks. It also aims to support the UAE's strategy to protect its financial system from evolving threats in the digital asset sector. The initiative seeks to improve the security and effectiveness of the UAE's financial system through knowledge sharing, joint training programs, and enhanced investigative capabilities.#UAE #VirtualAssets #FinancialCrimes #Coordination #InformationSharing #RiskMitigation #DigitalAssets #FinancialSecurity #ADGM
🚀 Ethereum's EIP-1559 Leads To Significant ETH Burn
#Ethereum #EIP1559 #ETHBurn #Opensea #Uniswap #USDT #Blockchain #Cryptocurrency #UNI
According to PANews, since the activation of Ethereum Improvement Proposal (EIP) 1559, a total of 4,523,479.74 ETH, valued at over $15.3 billion, has been permanently burned. On-chain transfers account for approximately 8.17% of the total ETH burned, while transactions on the Opensea NFT platform contribute to about 5.08% of the burn. The decentralized exchange platform Uniswap has burned 225,723.78 ETH, representing 4.99% of the total ETH burned. Additionally, Tether (USDT) transactions on the Ethereum network have resulted in the burning of 205,458.95 ETH, making up 4.54% of the total. Currently, the network's inflation rate is at a moderate 0.820%, with the circulating supply of ETH increasing by 3,245,017.99 since the hard fork.#Ethereum #EIP1559 #ETHBurn #Opensea #Uniswap #USDT #Blockchain #Cryptocurrency #UNI
🚀 Web3 Security Threats Surge In 2024 With Significant Financial Losses
#Web3 #Security #Threats #FinancialLosses #Cybersecurity #Blockchain #SmartContracts #AccessControl #IncidentReport #LossRecovery
According to Odaily, a report by Cyvers highlights a sharp increase in Web3 network threats in 2024, resulting in losses exceeding $2.3 billion across 165 security incidents. This marks a 40% rise compared to the $1.69 billion lost in 2023, though it remains $1.42 billion lower than the $3.78 billion lost in 2022. Notably, $1.3 billion of stolen funds were recovered this year.
Cyvers reports that incidents related to access control accounted for 81% of the $2.3 billion losses, with 67 such events recorded. Additionally, approximately 98 incidents involving smart contract vulnerabilities resulted in losses totaling $456.3 million. A single address poisoning incident led to losses exceeding $68 million.
Analyzing the past three years, losses related to access control breaches have steadily increased from $769 million in 2022 to $1.9 billion by the end of 2024. In contrast, losses due to code exploitation in 2023 and 2024 were significantly lower than the approximately $3 billion lost in 2022.#Web3 #Security #Threats #FinancialLosses #Cybersecurity #Blockchain #SmartContracts #AccessControl #IncidentReport #LossRecovery
🚀 Top Countries Leading In Blockchain And Cryptocurrency Technology
#Blockchain #Cryptocurrency #Singapore #HongKong #Estonia #Switzerland #UnitedStates #Canada #Australia #SouthKorea #UnitedKingdom #UnitedArabEmirates
According to PANews, a recent study by ApeX has identified the top ten countries leading in blockchain and cryptocurrency technology, with Singapore taking the top spot. The study evaluated countries using a composite index based on three core indicators: blockchain patents, blockchain-related job positions, and the number of cryptocurrency exchanges.
Singapore leads the list with over 2,400 blockchain-related job positions and 81 cryptocurrency exchanges, making it one of the most concentrated hubs for crypto platforms globally.
Hong Kong ranks second, with its financial infrastructure seamlessly integrating blockchain technology. The region supports over 1,100 blockchain-related jobs and numerous cryptocurrency exchanges.
Estonia is third, boasting 95 blockchain patents, 149 blockchain-related job positions, and 52 cryptocurrency exchanges.
Switzerland is fourth, recognized for its leadership in decentralized finance, with 440 blockchain-related jobs and 32 cryptocurrency exchanges.
The United States ranks fifth, with 32,000 blockchain patents, over 17,000 blockchain-related job positions, and 166 cryptocurrency exchanges.
Canada is sixth, offering more than 1,200 blockchain-related jobs, 1,200 blockchain patents, and 32 cryptocurrency exchanges.
Australia is seventh, having developed 1,400 blockchain patents, 573 blockchain-related jobs, and 31 cryptocurrency exchanges.
South Korea ranks eighth, with 18,000 blockchain patents, 121 blockchain-related jobs, and 29 cryptocurrency exchanges.
The United Kingdom is ninth, with 95 cryptocurrency exchanges, 2,673 blockchain-related jobs, and 2,800 blockchain patents.
The United Arab Emirates rounds out the top ten, with 340 blockchain patents, 414 blockchain-related jobs, and 9 cryptocurrency exchanges.#Blockchain #Cryptocurrency #Singapore #HongKong #Estonia #Switzerland #UnitedStates #Canada #Australia #SouthKorea #UnitedKingdom #UnitedArabEmirates
🚀 Robert Kiyosaki Advocates Bitcoin Investment Amid Economic Concerns
#RobertKiyosaki #Bitcoin #Investment #Gold #Silver #EconomicConcerns #FinancialSystem #WealthAccumulation #TrustIssues #PhysicalAssets #BTC
According to Odaily, Robert Kiyosaki, the author of 'Rich Dad Poor Dad,' recently expressed his views on Bitcoin through a post on X. He addressed the question of whether it is too late to start buying Bitcoin, asserting that it is never too late. Kiyosaki highlighted the design of Bitcoin, which allows individuals to invest regardless of its price, with the intention of enabling wealth accumulation even for latecomers. He advised against excessive greed in the process.
In another post, Kiyosaki extended his gratitude to holders of gold, silver, and Bitcoin, while explaining his skepticism towards the U.S. government, Treasury, and Federal Reserve. He stated, "I do not trust the U.S. government, the U.S. Treasury, or the Federal Reserve." His distrust dates back to 1965, when he observed the transition from silver coins to copper alloys, and it deepened in 1971 when President Nixon ended the gold standard for the dollar.
Reflecting on this period, Kiyosaki noted, "In 1971, I began 'saving' gold and silver, and now it is Bitcoin." He urged investors to consider physical assets, emphasizing that "the best investments today are physical gold, silver, and Bitcoin." Kiyosaki warned of an impending collapse of the global financial system.#RobertKiyosaki #Bitcoin #Investment #Gold #Silver #EconomicConcerns #FinancialSystem #WealthAccumulation #TrustIssues #PhysicalAssets #BTC
🚀 Bitcoin Falls Below $97,000 With Slight 24-Hour Decline
#Bitcoin #Cryptocurrency #PriceDrop #MarketTrends #Blockchain #BTC
According to BlockBeats, Bitcoin's price has dropped below $97,000, currently standing at $96,879. This marks a 0.41% decrease over the past 24 hours.#Bitcoin #Cryptocurrency #PriceDrop #MarketTrends #Blockchain #BTC
🚀 Interpol Issues Red Notice for Hex Founder Richard Heart
#Interpol #RedNotice #RichardHeart #Hex #PulseChain #TaxEvasion #Europol #SEC #Lawsuit #Assault
According to Foresight News, Interpol has issued a red notice for Richard Heart, the founder of Hex and PulseChain, at the request of Finland. Heart is accused of serious tax evasion and assault. The European Union law enforcement agency, Europol, has listed an arrest warrant for Heart, citing tax evasion amounting to "hundreds of millions of euros" and an alleged assault on a 16-year-old. Previously, Foresight News reported that the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Richard Heart in 2023. The SEC accused him of raising over $1 billion through unregistered securities offerings and using the funds to purchase luxury cars, designer clothing, and rare black diamonds valued at over $4 million.#Interpol #RedNotice #RichardHeart #Hex #PulseChain #TaxEvasion #Europol #SEC #Lawsuit #Assault
🚀 Martin Shkreli Comments On Michael Saylor's Bitcoin Advocacy
#MartinShkreli #MichaelSaylor #Bitcoin #Cryptocurrency #CharacterJudgment #BitcoinAdvocacy #BTC
According to Odaily, Martin Shkreli, a controversial pharmaceutical executive, remarked that questioning Michael Saylor's character without attempting to understand him reflects poorly on one's judgment. Shkreli noted that Saylor is dedicated to remembering every detail about Bitcoin.#MartinShkreli #MichaelSaylor #Bitcoin #Cryptocurrency #CharacterJudgment #BitcoinAdvocacy #BTC
🚀 Magic Eden Expands Blockchain Support To 11 Chains
#MagicEden #Blockchain #Solana #Bitcoin #Ethereum #Base #ApeChain #Arbitrum #Sei #BNBChain #Polygon #Berachain #Monad #Crypto #Web3
According to Odaily, Magic Eden's Co-Founder and CEO, Jack Lu, announced on X that the platform now supports 11 different blockchains. These include Solana, Bitcoin, Ethereum, Base, ApeChain, Arbitrum, Sei, BNB Chain, Polygon, Berachain, and Monad. Lu emphasized the platform's commitment to accommodating all chains, assets, and communities, with plans to add more chains in the future for users to explore.#MagicEden #Blockchain #Solana #Bitcoin #Ethereum #Base #ApeChain #Arbitrum #Sei #BNBChain #Polygon #Berachain #Monad #Crypto #Web3
🚀 Cardano Partners to Launch Lithium Tokenization Project in Argentina
#Cardano #Lithium #Tokenization #Argentina #Blockchain #Investment #EV #CleanEnergy #DigitalTokens #Liquidity #ADA
According to Odaily, Cardano has partnered with Atómico 3, Zengate, and Alto Grande to introduce what is claimed to be the world's first lithium tokenization project in Argentina. The initiative is scheduled for launch in the first quarter of 2025. This project will leverage Cardano's blockchain technology to convert lithium property rights into digital tokens, enabling investors to trade fractional shares of the mineral without the need for physical handling or ownership. The process aims to democratize resource access through secure and immutable blockchain transactions, enhance liquidity, and facilitate international trade.Argentina is home to some of the largest lithium deposits globally, primarily located in Catamarca, Salta, and Jujuy. This metal is not only a cornerstone for electric vehicle (EV) batteries and renewable energy storage but also crucial for the global transition to clean energy. Some analysts estimate that driven by increasing global demand, the EV industry alone could reach a value of $1.3 trillion over the next three years.#Cardano #Lithium #Tokenization #Argentina #Blockchain #Investment #EV #CleanEnergy #DigitalTokens #Liquidity #ADA
🚀 🔥 El Salvador Wallet Adds 11 BTC to Strategic Reserves 🔥
#ElSalvador #BTC #Bitcoin #Chivo #StrategicReserves #IMF #Cryptocurrency #Blockchain
According to on-chain data, about half an hour ago, an El Salvador wallet address added approximately 11 BTC (worth $1.06 million) to its strategic Bitcoin reserves.Earlier reports indicated that El Salvador plans to accelerate its Bitcoin purchases for strategic reserves. The country's official Bitcoin wallet, Chivo, will be either sold or discontinued due to a $1.4 billion loan agreement with the IMF, and Bitcoin payments will become voluntary.#ElSalvador #BTC #Bitcoin #Chivo #StrategicReserves #IMF #Cryptocurrency #Blockchain
🚀 🔥 GraniteShares Files for New Leveraged ETFs Tracking RIOT, MARA, MSTR, and HOOD 🔥
#GraniteShares #LeveragedETFs #RiotPlatforms #MarathonDigital #MicroStrategy #Robinhood #Cryptocurrency #Bitcoin #BitcoinMining #Investing #Volatility #CryptoETFs #StockMarket
GraniteShares, a growing asset manager with over $10 billion in assets, has filed for new leveraged ETFs designed to track the stock prices of key cryptocurrency-related companies: Riot Platforms, Marathon Digital, MicroStrategy, and Robinhood. According to reports from crypto.news, these companies are major players in the crypto space, with Riot and Marathon being large Bitcoin mining firms, and MicroStrategy holding the largest Bitcoin reserve at 439,000 BTC. The ETFs will include both 2x long and 2x short options, amplifying the daily returns of the underlying stocks.Leveraged ETFs have gained popularity as the crypto and stock markets reached record highs in 2024, offering investors the potential for amplified returns. However, these funds come with risks, particularly in a bear market. Over the past 30 days, MicroStrategy’s stock dropped by 24%, while the MSTU and MSTX ETFs, which track MicroStrategy, fell by over 50%, highlighting the volatility of leveraged investments in down markets.Other crypto-focused ETFs, like the T-Rex 2x Long MSTR Daily Target fund (MSTU) and Defiance Daily Target 2X Long MSTR ETF (MSTX), have attracted substantial assets, with both surpassing $1.8 billion in assets under management. These ETFs have outperformed MicroStrategy in recent months, with MSTU and MSTX rising 308% and 253%, respectively, compared to a 150% increase in MicroStrategy’s stock.#GraniteShares #LeveragedETFs #RiotPlatforms #MarathonDigital #MicroStrategy #Robinhood #Cryptocurrency #Bitcoin #BitcoinMining #Investing #Volatility #CryptoETFs #StockMarket
🚀 Ripple CTO Discusses Benefits of New RLUSD Stablecoin
#Ripple #RLUSD #XRP #Stablecoin #XRPL #Blockchain #Cryptocurrency #TokenizedAssets #DecentralizedExchanges #DavidSchwartz
According to Odaily, Ripple's Chief Technology Officer, David Schwartz, has shared insights on the company's latest product, the RLUSD stablecoin, which was launched earlier this week. In a video message posted on the company's official X account, Schwartz highlighted that RLUSD offers a valuable use case that benefits both users and developers, serving as a reliable asset designed to showcase the potential of the XRP Ledger.Schwartz emphasized that the stablecoin brings both direct and indirect advantages to the XRPL ecosystem. A direct benefit is the stimulation of active trading volume, with XRP itself acting as a bridge asset. He noted that XRP's unique capability to support various assets enhances the accessibility of decentralized exchanges on the XRPL.Furthermore, Schwartz stated that due to the distinct differences between the two assets, XRP and RLUSD will complement each other. The blockchain payment company plans to continue using XRP as a bridge in its proprietary products. Additionally, he underscored the promising future of the tokenized real-world assets (RWA) market, predicting continued growth and increasing demand for stablecoins, with RLUSD poised to dominate this market segment.#Ripple #RLUSD #XRP #Stablecoin #XRPL #Blockchain #Cryptocurrency #TokenizedAssets #DecentralizedExchanges #DavidSchwartz
🚀 Increase In Problematic Banks In The U.S. As Reported By FDIC
#ProblematicBanks #FDIC #BankingCrisis #CAMELS #FinancialStability #UnrealizedLosses #BankAssets #InterestRates
According to Odaily, the latest data from the Federal Deposit Insurance Corporation (FDIC) indicates a rise in the number of problematic banks in the United States. The FDIC's quarterly banking profile report reveals that the number of banks on its 'problem bank list' increased to 68 in the third quarter. This marks the fifth consecutive quarterly rise in banks receiving a CAMELS rating of 4 or 5 since the second quarter of 2023. A CAMELS rating of 4 suggests that a bank is facing financial, operational, or managerial issues that could threaten its stability if not addressed. A rating of 5 indicates severe deficiencies in one or more areas, requiring urgent corrective action.
The report highlights that the total assets held by these problematic banks rose by $3.9 billion, reaching $87.3 billion. Problematic banks account for 1.5% of the total number of banks, which falls within the normal range of 1% to 2% during non-crisis periods.
Meanwhile, the amount of unrealized losses on bank balance sheets has decreased. The FDIC reports that as of the third quarter of this year, banks recorded losses of $364 billion, primarily due to exposure to the residential real estate and treasury markets. Unrealized losses represent the difference between the price banks paid for securities and their current market value.
The third-quarter losses were down by $148.9 billion from the second quarter's $512.9 billion. However, FDIC Chairman Martin J. Gruenberg cautioned that the reduction in bank losses last quarter is only temporary. Changes in long-term interest rates since the end of the third quarter suggest that the current unrealized losses for U.S. banks may be nearing $500 billion.#ProblematicBanks #FDIC #BankingCrisis #CAMELS #FinancialStability #UnrealizedLosses #BankAssets #InterestRates
🚀 Whale Sells Significant Solana Holdings, Profits Over $300,000
#Whale #Solana #Crypto #Investment #Profit #Blockchain #SOL #FinancialNews
According to BlockBeats, on December 22, monitoring by ai_9684xtpa revealed that the address 'HHqC...y8Aqu' is suspected of selling 25,000 SOL, which were acquired two months ago at $169.6 each. This sale could result in a profit of $313,000.
The whale still retains 50% of its SOL holdings, equivalent to 25,000 SOL, with an unrealized profit of $310,000. At its peak, the 50,000 SOL had an unrealized profit of $4.738 million when SOL was valued at $264.#Whale #Solana #Crypto #Investment #Profit #Blockchain #SOL #FinancialNews
🚀 Bitcoin(BTC) Drops Below 96,000 USDT with a 1.72% Decrease in 24 Hours
#Bitcoin #BTC #USDT #cryptocurrency #Binance #marketdata #decrease #trading
On Dec 22, 2024, 05:09 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 96,000 USDT and is now trading at 95,990.320313 USDT, with a narrowed 1.72% decrease in 24 hours.#Bitcoin #BTC #USDT #cryptocurrency #Binance #marketdata #decrease #trading
🚀 OpenAI CEO Criticizes Timing Of WSJ Article On AI Developments
#OpenAI #SamAltman #WSJ #AI #o3 #AIdevelopment #technology
According to Odaily, OpenAI CEO Sam Altman expressed his views on X, stating that while he considers The Wall Street Journal (WSJ) to be the best newspaper in the United States, he was surprised by the timing of their article titled 'The Next Great Leap in AI Is Behind Schedule and Crazy Expensive.' This article was published just hours after OpenAI announced its o3 model. Previously, it was reported that OpenAI is developing a new generation of inference models aimed at providing deeper insights into user queries. To avoid trademark conflicts with the British telecom operator O2, the company may skip the 'o2' naming and proceed directly with 'o3.'#OpenAI #SamAltman #WSJ #AI #o3 #AIdevelopment #technology
🚀 BTC Shows Strong Rebound After Recent Decline
#BTC #Bitcoin #cryptocurrency #bullish #trading #marketanalysis #priceprediction #onchainindicators
According to Odaily, Bitcoin (BTC) experienced a strong rebound over the weekend after recently falling below the $91,000 mark. It has now slightly retreated to around $96,000. Veteran trader Peter Brandt has reiterated his bullish outlook on BTC, suggesting that it may continue to rise in the future. Other on-chain indicators also suggest a positive momentum for BTC.
In his recent analysis, Brandt indicated that BTC could reach $108,358 in the coming days. However, he also warned, citing technical charts, that BTC's price might pull back to $76,614 during its upward trend. He emphasized that this is not a prediction but a reflection of market risks, stating that these analyses represent "possibilities, not probabilities, and not certainties."
Additionally, Brandt has recently set a BTC price target of $125,000.#BTC #Bitcoin #cryptocurrency #bullish #trading #marketanalysis #priceprediction #onchainindicators
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