🚀 Ohio Senator Moreno Joins Senate Banking Committee, Influences Cryptocurrency Legislation
#Ohio #Senate #Cryptocurrency #SenatorMoreno #SenateBankingCommittee #DigitalCurrencies #PAC #Stablecoins #Bitcoin #EconomicPolicy #Regulation #Blockchain #PoliticalActionCommittee #IndustrySupport
According to Odaily, newly elected Ohio Republican Senator Bernie Moreno is set to join the Senate Banking Committee, a key body overseeing the U.S. Securities and Exchange Commission (SEC) and instrumental in shaping cryptocurrency legislation. Moreno secured over $40 million from a pro-cryptocurrency Political Action Committee (PAC) to defeat incumbent Ohio Democratic Senator Sherrod Brown, a known critic of digital currencies.
During his tenure as chairman of the Senate Banking Committee, Brown did not prioritize cryptocurrency legislation, hindering the passage of bills related to market structure and stablecoins, which frustrated industry stakeholders. Brown also supported Massachusetts Senator Elizabeth Warren's hearings on the use of cryptocurrencies by terrorist organizations and consistently called for regulatory oversight of the sector.
Ron Hammond, Director of Government Relations at the Blockchain Association, remarked on the irony of Brown, an opponent of cryptocurrencies, losing his seat to Moreno, a proponent. Moreno joins a strong lineup of pro-cryptocurrency senators, bringing unique expertise from his experience in running a blockchain company. His deep understanding of cryptocurrencies and business operations in the U.S. is expected to bolster the Senate Banking Committee's efforts.
As a member of the committee, Moreno will have a say in legislative details concerning U.S. economic policy, including cryptocurrency market structure, stablecoins, and potential national Bitcoin reserve legislation. Several Congress members have pledged to prioritize these topics in the coming year. South Carolina Republican Senator Tim Scott will chair the committee and determine which bills to prioritize. While Scott has expressed support for cryptocurrencies, he has not received the same level of financial backing from the industry as Moreno.#Ohio #Senate #Cryptocurrency #SenatorMoreno #SenateBankingCommittee #DigitalCurrencies #PAC #Stablecoins #Bitcoin #EconomicPolicy #Regulation #Blockchain #PoliticalActionCommittee #IndustrySupport
🚀 Re-Staking Protocols Reach New Heights In Cryptocurrency Sector
#ReStaking #Cryptocurrency #Staking #Liquidity #DeFi #EigenLayer #Babylon #Symbiotic #TVL #Blockchain
According to Odaily, IntoTheBlock recently highlighted on X that re-staking has emerged as a new primitive in the cryptocurrency sector this year. This innovation allows applications to leverage existing staking networks or liquidity for enhanced security. Re-staking protocols have successfully attracted over $25 billion in assets. Data from DeFillama indicates that the total value locked (TVL) in re-staking protocols recently approached the $30 billion mark, setting a new record before settling back to $25.144 billion. The top three protocols in this category are EigenLayer, with a TVL of $15.071 billion, experiencing a 16.66% decrease over the past seven days; Babylon, with a TVL of $5.48 billion, showing a 2.4% increase over the same period; and Symbiotic, with a TVL of $2.22 billion, which saw a 16.56% decline in the last week.#ReStaking #Cryptocurrency #Staking #Liquidity #DeFi #EigenLayer #Babylon #Symbiotic #TVL #Blockchain
🚀 Ethereum(ETH) Surpasses 3,300 USDT with a Narrowed 0.97% Decrease in 24 Hours
#Ethereum #ETH #USDT #Binance #cryptocurrency #trading #marketdata
On Dec 23, 2024, 07:47 AM(UTC). According to Binance Market Data, Ethereum has crossed the 3,300 USDT benchmark and is now trading at 3,300.469971 USDT, with a narrowed narrowed 0.97% decrease in 24 hours.#Ethereum #ETH #USDT #Binance #cryptocurrency #trading #marketdata
🚀 Belarus Invites Cryptocurrency Miners Amid Growing Interest
#Belarus #Cryptocurrency #Mining #Energy #Infrastructure #Incentives #Investors #Electricity #Minsk #CryptocurrencyMiners
According to Odaily, Belarus is actively encouraging more cryptocurrency miners to establish operations within the country, as stated by Denis Moroz, the Deputy Minister of Energy. Moroz highlighted the increasing interest from mining investors and revealed that the government is in discussions with unnamed parties to facilitate this growth. Cryptocurrency mining companies are currently evaluating potential sites for new mining facilities in Belarus.
Government officials have reported that cryptocurrency miners are already consuming 120 megawatts of electricity. Moroz expressed optimism about the sector, describing cryptocurrency mining as a promising industry that has gained renewed momentum in Belarus. He emphasized that the Ministry of Energy is keen to collaborate with participants interested in long-term involvement with the Belarusian energy system.
Moroz also mentioned that incoming miners should contribute to developing the necessary infrastructure to help Minsk expand its cryptocurrency mining capabilities. He noted the significant potential and numerous inquiries received, suggesting that new projects are likely to commence soon. Additionally, the government is considering offering "incentive tariffs" to attract more cryptocurrency miners to the region.#Belarus #Cryptocurrency #Mining #Energy #Infrastructure #Incentives #Investors #Electricity #Minsk #CryptocurrencyMiners
🚀 Bitwise CIO Attributes Crypto Market Pullback To Leverage Clearing
#Bitwise #CryptoMarket #LeverageClearing #MattHougan #BullMarket #Cryptocurrency
According to BlockBeats, on December 23, Matt Hougan, Chief Investment Officer at Bitwise Asset Management, attributed the recent pullback in the cryptocurrency market to the natural clearing of leverage. He emphasized that the long-term drivers remain intact and that the market is still in a strong bull phase.#Bitwise #CryptoMarket #LeverageClearing #MattHougan #BullMarket #Cryptocurrency
🚀 Charles Hoskinson To Meet With U.S. Senators On Bipartisan Crypto Agenda
#CharlesHoskinson #Cardano #Crypto #Bipartisan #Senators #JohnFetterman #ElizabethWarren #SherrodBrown #CryptoAgenda
According to BlockBeats, on December 23, Cardano co-founder Charles Hoskinson announced plans to meet with Democratic senators to advance a bipartisan agenda on cryptocurrency. Hoskinson intends to engage in discussions with senators, including John Fetterman from Pennsylvania, to promote crypto as a bipartisan issue.
Hoskinson remarked that many leaders believe that the understanding of crypto by Warren and Biden is flawed, and it is time to bring them into the fold. Despite Ohio Senator Sherrod Brown not securing a fourth term, Massachusetts Senator Elizabeth Warren, who remains a strong anti-crypto voice, was re-elected.#CharlesHoskinson #Cardano #Crypto #Bipartisan #Senators #JohnFetterman #ElizabethWarren #SherrodBrown #CryptoAgenda
🚀 Binance Pool Launches Merged Mining for Junkcoin (JKC) and Pepecoin (PEP)
#BinancePool #MergedMining #Junkcoin #Pepecoin #Litecoin #DOGE #Bellscoin #Luckycoin #Cryptocurrency #Mining #LTC
Binance Pool has expanded its offerings by officially introducing merged mining for Junkcoin (JKC) and Pepecoin (PEP). This update enables miners to mine Litecoin (LTC) while earning additional rewards in LTC, DOGE (Doge), BELLS (Bellscoin), LKY (Luckycoin), JKC, and PEP simultaneously.How to Start Merged Mining:Log In and Register: Use your verified Binance account to register for a Binance Pool account.Mine Litecoin (LTC): Follow the detailed steps in the Binance FAQ on Litecoin Mining.Add an External Wallet: Configure your payout address using the Binance FAQ guide.Monitor Your Performance:Check hashrates via [Workers].Track earnings through [Earnings].Key Details About Merged Mining:Eligibility for VIP Status: Users with a qualifying hashrate can apply for VIP benefits by contacting poolvip@binance.com.Non-Listed Tokens: JKC, PEP, BELLS, and LKY are not currently tradable on Binance.com. Mining these tokens does not guarantee future listing on the exchange.Payout Thresholds:Minimum payouts: 1 BELLS, 5 JKC, 1 LKY, and 20,000 PEP.Payout addresses must be configured for respective tokens to accumulate rewards.Earnings Independence: LTC earnings are separate and unaffected by earnings from DOGE, BELLS, LKY, JKC, and PEP.Important Notes for Users:Ensure your payout wallet supports the specific tokens to avoid potential loss of rewards.Earnings below the minimum payout thresholds will remain in users’ balances until thresholds are met.#BinancePool #MergedMining #Junkcoin #Pepecoin #Litecoin #DOGE #Bellscoin #Luckycoin #Cryptocurrency #Mining #LTC
🚀 Sun Yuchen Discusses the Value of Issuing Tokens
#SunYuchen #TokenIssuance #FinancialTools #BusinessValue #IPOCriteria #BusinessModel #Innovation #UserExperience #BusinessLeadership
According to Foresight News, Sun Yuchen recently shared his views on the issuance of tokens on X. He stated that issuing tokens is a financial tool and innovation, but it does not inherently create business value. He compared it to an IPO, which cannot determine whether a company is good or not. Sun emphasized that if a company's business model is flawed, going public will not save it. Conversely, if a business is strong, the right financial tools can enhance its value. He suggested that the true value of issuing tokens should be assessed by the business leader, who can best determine whether the process improves or complicates operations, enhances user experience, and addresses business challenges.#SunYuchen #TokenIssuance #FinancialTools #BusinessValue #IPOCriteria #BusinessModel #Innovation #UserExperience #BusinessLeadership
🚀 Dollar Rises As Market Bets On Cautious Fed Rate Cuts
#Dollar #FederalReserve #RateCuts #InterestRates #MarketTrends #DeutscheBank #EconomicForecast #FinanceNews
According to Odaily, the dollar has strengthened as markets anticipate a cautious approach to interest rate cuts by the Federal Reserve. Data from the London Stock Exchange Group indicates that the market expects a cumulative rate cut of 38 basis points by December 2025. The Federal Reserve recently reduced rates by 25 basis points but signaled a slower pace for future cuts. Analysts from Deutsche Bank suggest that the Fed is likely to skip a rate cut in January next year, which could lead to a prolonged pause in policy easing until 2025.#Dollar #FederalReserve #RateCuts #InterestRates #MarketTrends #DeutscheBank #EconomicForecast #FinanceNews
🚀 BNB Surpasses 670 USDT with a 1.09% Increase in 24 Hours
#BNB #USDT #cryptocurrency #Binance #marketdata #trading #increase
On Dec 23, 2024, 08:57 AM(UTC). According to Binance Market Data, BNB has crossed the 670 USDT benchmark and is now trading at 670.650024 USDT, with a narrowed 1.09% increase in 24 hours.#BNB #USDT #cryptocurrency #Binance #marketdata #trading #increase
🚀 South Korea Proposes Amendments To Foreign Exchange Law To Combat Virtual Asset Crimes
#SouthKorea #ForeignExchangeLaw #VirtualAssets #MoneyLaundering #Fintech #RegulatoryFramework #FinancialIntelligenceUnit #TransactionMonitoring #CrossBorderTransactions #BankOfKorea
According to Foresight News, South Korean lawmaker Choi Eun-sik has introduced a bill to amend the Foreign Exchange Transactions Act, aiming to prevent money laundering and other foreign exchange crimes involving virtual assets. The proposed amendments include establishing a monitoring system for virtual asset transactions, enhancing the regulatory framework for fintech foreign exchange services, improving the convenience of foreign exchange transactions for individuals and businesses, and advancing the intelligence of foreign exchange monitoring systems.
Data from the Financial Intelligence Unit (FIU) indicates a 48.8% increase in suspicious transaction reports by virtual asset businesses last year compared to the previous year. In response, the Ministry of Finance plans to introduce new definitions for virtual assets and virtual asset businesses next year. The proposed changes will require virtual asset businesses to register before conducting cross-border transactions and regularly report user transaction records to the Bank of Korea.
The amendments are expected to be implemented in the second half of next year.#SouthKorea #ForeignExchangeLaw #VirtualAssets #MoneyLaundering #Fintech #RegulatoryFramework #FinancialIntelligenceUnit #TransactionMonitoring #CrossBorderTransactions #BankOfKorea
🚀 Binance Futures Introduces HIVEUSDT Perpetual Contract With Up to 75x Leverage
#Binance #Futures #HIVEUSDT #PerpetualContract #Leverage #Trading #Cryptocurrency #RiskManagement #USDT #Launch
Binance Futures announced the launch of the HIVEUSDT Perpetual Contract, offering traders the opportunity to leverage their positions up to 75x. This new addition aims to expand trading options and enhance the overall user experience on the platform.Key Details:Contract Launch Time: 2024-12-23 at 11:30 (UTC)Leverage: Up to 75xSettlement Asset: USDTTrading Hours: 24/7Highlights:The introduction of the HIVEUSDT Perpetual Contract aligns with Binance’s commitment to diversifying its offerings and catering to advanced traders.High leverage provides an opportunity for traders to amplify their positions but also comes with increased risk. Traders are advised to employ robust risk management strategies.How to Get Started:Log in to your Binance account and navigate to the Futures trading section.Select the HIVEUSDT Perpetual Contract from the list of available trading pairs.Adjust your leverage preference up to 75x and commence trading.Important Notes:High leverage trading carries significant risks. Please ensure you understand the implications and trade responsibly.The availability of the HIVEUSDT Perpetual Contract may vary depending on your region.#Binance #Futures #HIVEUSDT #PerpetualContract #Leverage #Trading #Cryptocurrency #RiskManagement #USDT #Launch
🚀 🔥 Binance Alpha Unveils Fifth Batch of Project Tokens: MGP, ZEREBRO, COOKIE, WHALES, and ORDER 🔥
#Binance #Alpha #ProjectTokens #MGP #ZEREBRO #COOKIE #WHALES #ORDER
Binance Alpha has officially announced the fifth batch of project tokens, adding another wave of innovative projects to its expanding ecosystem. The latest additions include:MGPZEREBROCOOKIEWHALESORDER #Binance #Alpha #ProjectTokens #MGP #ZEREBRO #COOKIE #WHALES #ORDER
🚀 🔥 Binance Launchpool Introduces Bio Protocol (BIO): Start Farming on December 24 🔥
#Binance #Launchpool #BioProtocol #BIO #DeSci #TokenFarming #Crypto #Blockchain #Ethereum #KYC #TokenListing #Rewards #LiquidityProtocol #DigitalAssets
Binance announced Bio Protocol (BIO) as the 63rd project on Binance Launchpool. BIO is a curation and liquidity protocol for Decentralized Science (DeSci). Users can farm BIO tokens by locking BNB and FDUSD starting from 2024-12-24 00:00 (UTC).Key Details:Launchpool Token Farming:Farming Period: 2024-12-24 00:00 (UTC) to 2025-01-02 23:59 (UTC)Token Rewards: 99,600,000 BIO (3% of total genesis token supply)Supported Pools:Lock BNB: 84,660,000 BIO rewards (85% of total rewards)Lock FDUSD: 14,940,000 BIO rewards (15% of total rewards)Daily Reward Distribution:Total: 9,960,000 BIOBNB Pool: 8,466,000 BIOFDUSD Pool: 1,494,000 BIOToken Listing:Listing Date: 2025-01-03 10:00 (UTC)Trading Pairs: BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRYInitial Circulating Supply: 1,296,529,168 BIO (39.05% of total genesis supply)Token Information:Token Name: Bio Protocol (BIO)Max Supply: 3,320,000,000 BIO (subject to governance changes)Network: EthereumContract Address: 0xcb1592591996765Ec0eFc1f92599A19767ee5ffAFarming Participation:Complete Binance KYC to participate.Hourly Hard Cap per User:BNB Pool: 35,275 BIOFDUSD Pool: 6,225 BIOImportant Notes:Webpages for BNB and FDUSD pools, as well as a detailed BIO research report, will be available approximately 12 hours after this announcement.Beware of false advertising regarding BIO token availability before Binance’s official listing on 2025-01-03.#Binance #Launchpool #BioProtocol #BIO #DeSci #TokenFarming #Crypto #Blockchain #Ethereum #KYC #TokenListing #Rewards #LiquidityProtocol #DigitalAssets
🚀 MicroStrategy Joins Nasdaq 100 Index
#MicroStrategy #Nasdaq100 #Bitcoin #MSTR
According to Odaily, MicroStrategy Inc. (MSTR) has officially been included in the Nasdaq 100 Index. This development was announced by Bitcoin Magazine on the X platform, marking a significant milestone for the company.#MicroStrategy #Nasdaq100 #Bitcoin #MSTR
🚀 DYdX Community Approves $4 Million Allocation for Ecosystem Development
#dYdX #DeFi #EcosystemDevelopment #Treasury #CommunityVote
According to Foresight News, the decentralized derivatives protocol dYdX community has voted to allocate $4 million from the treasury subDAO assets to support its ecosystem development plan.#dYdX #DeFi #EcosystemDevelopment #Treasury #CommunityVote
🚀 Digital Asset Investment Sees Mixed Flows Amid Market Volatility
#DigitalAssets #Investment #MarketVolatility #Bitcoin #Ethereum #Solana #XRP #Horizen #Polkadot #ETPs #Inflows #Outflows #BTC #ETH
According to PANews, recent data from CoinShares reveals that digital asset investment products experienced a net inflow of $308 million last week. However, a significant single-day outflow of $576 million on December 19 led to a total outflow of $1 billion over the weekend. This was influenced by the hawkish policies of the Federal Open Market Committee (FOMC), resulting in a $17.7 billion decrease in total assets under management (AuM) for digital asset exchange-traded products (ETPs), representing 0.37% of the total AuM.
Despite these challenges, Bitcoin recorded a net inflow of $375 million for the week, with limited activity from short investors. Ethereum saw inflows of $51 million, while Solana experienced an outflow of $8.7 million. Multi-asset investment products faced a net outflow of $121 million. Nonetheless, some altcoins, including XRP with $8.8 million, Horizen with $4.8 million, and Polkadot with $1.9 million, managed to record net inflows.#DigitalAssets #Investment #MarketVolatility #Bitcoin #Ethereum #Solana #XRP #Horizen #Polkadot #ETPs #Inflows #Outflows #BTC #ETH
🚀 🔥 Binance Announces Updates to Token Supply Information Metrics 🔥
#Binance #TokenSupply #Transparency #CirculatingSupply #CoinMarketCap #MarketCapitalization #CryptoUpdates #Blockchain
Binance has shared important updates regarding the circulating supply data displayed on its platform, responding to community feedback for greater transparency and accuracy.Key Updates:Current Methodology:Binance currently uses CoinMarketCap (CMC) data for circulating supply, which excludes allocations to insiders. This methodology ensures that the data reflects publicly tradable assets.Introduction of New Metrics:Binance will integrate two new metrics introduced by CMC:Unlocked Market Capitalization (UMC): Reflects the total value of all unlocked tokens, including those held by insiders.Unlocked Circulating Supply (UCS): Provides a more comprehensive view of the token supply, including insider allocations.Implementation Timeline:Binance is working to incorporate these metrics into its token info section on the app and website. Users are encouraged to stay updated through future announcements.#Binance #TokenSupply #Transparency #CirculatingSupply #CoinMarketCap #MarketCapitalization #CryptoUpdates #Blockchain
🚀 Telegram's Revenue Surpasses $1 Billion In 2024
#Telegram #Revenue #PavelDurov #TelegramPremium #Subscribers #AdvertisingRevenue #FinancialGrowth #2024 #BusinessNews
According to Odaily, Telegram founder Pavel Durov announced on his personal Telegram channel that the number of Telegram Premium subscribers has doubled this year, exceeding 12 million. Additionally, advertising revenue has increased significantly. In 2024, Telegram's total revenue surpassed $1 billion, with cash reserves exceeding $500 million by the end of the year, excluding cryptocurrency assets. Over the past four years, Telegram has issued approximately $2 billion in debt.#Telegram #Revenue #PavelDurov #TelegramPremium #Subscribers #AdvertisingRevenue #FinancialGrowth #2024 #BusinessNews
🚀 🔥 Digital Asset Fund Flows Weekly Report: US$1 Billion Outflows Amid Hawkish FOMC 🔥
#DigitalAssets #FundFlows #Bitcoin #Ethereum #Cryptocurrency #Altcoins #MarketSentiment #InvestmentStrategy #FOMC #Outflows #AssetsUnderManagement #Volatility #BTC #ETH #SOL
Digital asset investment products experienced mixed dynamics last week, with US$308 million in total inflows offset by significant outflows during the final two days. The week included the largest single-day outflow of US$576 million on December 19, culminating in US$1 billion outflows for the last two days of the week.Key Highlights:Bitcoin Leads Net Inflows Despite VolatilityBitcoin saw net inflows of US$375 million for the week, despite intra-week outflows.Short-Bitcoin products remained largely inactive.Ethereum and Solana DivergeEthereum recorded US$51 million in inflows, maintaining investor confidence.Solana faced US$8.7 million in outflows, reflecting shifting preferences.Multi-Asset Products See Largest OutflowsMulti-asset investment products suffered the most with US$121 million in outflows, indicating reduced appetite for diversified crypto baskets.Selective Altcoin InvestmentsAltcoins like XRP (US$8.8 million), Horizen (US$4.8 million), and Polkadot (US$1.9 million) continued to attract inflows, highlighting a more targeted investment strategy among market participants.Total Assets Under Management (AuM)Recent price corrections led to a US$17.7 billion reduction in AuM for digital asset ETPs, attributed to the hawkish tone of the Federal Open Market Committee (FOMC) dot plot.Despite the alarming outflows, the 0.37% decline in AuM ranks as the 13th largest single-day outflow in history, far below the mid-2022 record of 2.3% AuM outflows.Market Sentiment:The data suggests a shift toward more cautious and selective investment strategies, with Bitcoin and Ethereum maintaining dominance. Meanwhile, macroeconomic pressures, such as the FOMC's hawkish stance, continue to influence fund flows and broader market sentiment.As investors navigate heightened volatility, the focus remains on balancing risk and opportunity in the evolving digital asset landscape.#DigitalAssets #FundFlows #Bitcoin #Ethereum #Cryptocurrency #Altcoins #MarketSentiment #InvestmentStrategy #FOMC #Outflows #AssetsUnderManagement #Volatility #BTC #ETH #SOL
🚀 U.S. Crypto Sector Stocks Show Mixed Performance in Pre-Market Trading
#Crypto #Stocks #PreMarket #MicroStrategy #Coinbase #RiotPlatforms #CleanSpark #MARA #Bitcoin
According to Trader T monitoring, the U.S. stock crypto sector exhibited mixed movements before the market opened today, reflecting varied sentiment across the industry. Here are the notable pre-market changes:MicroStrategy (MSTR): -1.6%iShares Bitcoin Trust (IBIT): -0.3%Coinbase Global (COIN): -0.6%Riot Platforms (RIOT): +0.4%CleanSpark (CLSK): Not reported (N/A)MARA Holdings (MARA): +0.4%#Crypto #Stocks #PreMarket #MicroStrategy #Coinbase #RiotPlatforms #CleanSpark #MARA #Bitcoin