AICoin Focus: Daily Hot Picks (December 31)

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1. The U.S. Treasury Department claims that China infiltrated its workstations in a cyber attack.

2. A Hong Kong legislator proposed adding Bitcoin to the national reserves to enhance financial security.

3. On December 30, the U.S. Bitcoin ETF saw a net outflow of 3,000 BTC, while the Ethereum ETF had a net inflow of 16,359 ETH.

On December 30, the U.S. Bitcoin ETF saw a net outflow of 3,000 BTC, while the Ethereum ETF had a net inflow of 16,359 ETH -Original

4. Tether burned 2 billion USDT on the TRX chain.

At 02:11 on December 31 (UTC+8), Tether burned 2 billion USDT on the TRX chain, transaction hash: c2091c2492c0766bf9770d7939d46475141d7c8d3124a6be9a1cc3414f346816 Note: The above data is sourced from OKLink -Original

5. The current probability of the Federal Reserve cutting interest rates by 25 basis points in January is 11.8%, while the probability of maintaining rates is 88.2%.

According to CME's "FedWatch" data, the probability of the Federal Reserve cutting interest rates by 25 basis points in January is 11.8%, while the probability of maintaining rates is 88.2%. -Original

6. U.S. stocks closed down, with the Nasdaq falling 1.19%, the Dow down 0.97%, and the S&P 500 down 1.07%.

7. MicroStrategy announced it bought 257,100 BTC this year, setting a new record for Bitcoin acquisition by a public company in a single year.

According to @peterizzo on X platform, MicroStrategy bought 257,100 BTC this year, setting a new record for Bitcoin acquisition by a public company in a single year. -Original

8. Coinbase CEO sold approximately $437 million in stock after the U.S. elections.

Coinbase CEO Brian Armstrong invested about $74 million in the pro-crypto political action committee Fairshake, and in a series of pre-set trades that began less than a week after Trump's election, Armstrong sold $100 million worth of Coinbase stock, ultimately selling about $437 million in total, with this portion of stock appreciating by $129 million compared to before the election. He explained the plan on X a few days before the election, stating he was diversifying "investments in the moon landing plan," but would retain "the vast majority" of his shares. -Original

9. Blockchain Bandit attackers aggregated 51,000 ETH to a multi-signature address, worth approximately $172.2 million.

The Blockchain Bandit attackers became active again after years of dormancy, aggregating 51,000 ETH (worth $172.2 million) to a multi-signature address (0xC45C36017b0B7708f493534Ca4f0930964C1D542). -Original

10. Placeholder partner states that market risk appetite has not diminished, and the decline may be driven by year-end liquidity factors.

Placeholder partner Chris Burniske posted on X, stating: "Although BTC is playing with fire, ETHBTC, SOLETH, and SOLBTC are still performing well. This makes me think that it is not a sign of diminished market risk appetite, but more likely driven by year-end liquidity factors, as people are tidying up their books for 2024." -Original

11. U.S. stocks opened lower, with the Dow down 448 points, the Nasdaq down 270 points, and the S&P 500 down 1.1%.

12. The U.S. debt ceiling is approaching, signaling that the Bitcoin cycle may soon hit bottom.

U.S. Treasury Secretary Janet Yellen stated in a letter to House Speaker Mike Johnson on Friday that the U.S. is likely to reach its legally allowed borrowing limit at some point between January 14 and January 23. After that, the Treasury will take "extraordinary measures" to reduce borrowing. "I respectfully urge Congress to act to protect the full faith and credit of the United States," she wrote. In June 2023, Congress suspended the debt ceiling until January 1, 2025. Just before this letter was released, risk assets weakened at the close. U.S. stocks fell, with the S&P 500, Nasdaq 100, and Dow Jones Industrial Average all down about 1%. Bitcoin dropped 4% from its intraday high. Historically, raising the debt ceiling has been a negative signal for the largest cryptocurrency; in the last five instances, Bitcoin declined or performed poorly in the following days. December has not been a strong month for Bitcoin, which has fallen 3% and is expected to see its first decline since August. To add to the political and economic uncertainty, the inauguration of elected President Donald Trump will take place on January 20, right between the dates emphasized by Yellen. According to Zerohedge, Congress first set a debt ceiling of $45 billion as early as 1939, and the limit has been raised 103 times as government spending continues to exceed tax revenue. U.S. national debt now exceeds $36.2 trillion. Another factor affecting Bitcoin prices is its parallelism with previous cycles. Since the cycle low during the FTX collapse in November 2022, BTC has been consistent with the previous two cycles. Its current return rate is slightly below 500%, similar to the previous two cycles at the same point in the cycle. This is not a good sign for bulls. The 2018-2022 and 2015-2018 cycles both saw significant declines at this stage of the cycle, as shown in the red box in the figure below. Trump's inauguration on January 20 may signal Bitcoin hitting bottom. -Original

13. PancakeSwap burned approximately 9.155 million CAKE, worth about $23 million.

The multi-chain decentralized exchange PancakeSwap announced that it has just burned 9,155,328 CAKE tokens, worth approximately $23 million. -Original

14. BlackRock's BTC short film stating "cannot guarantee that the supply of 21 million will not change" is just a general disclaimer.

BlackRock released a short film introducing Bitcoin on December 18, which included a statement that the firm "cannot guarantee that the supply of 21 million Bitcoin will not change," causing market fluctuations and unsettling Bitcoin supporters, who suspect that market giants may want to influence the Bitcoin protocol or implement a "hard fork" to increase Bitcoin supply. However, Li Zhiwei, president of the Hong Kong Science Park's KOP Network, stated that some market participants speculate that BlackRock intends to increase Bitcoin supply, but the statement in the film is actually just a general disclaimer. As a major Bitcoin holder, increasing supply would not benefit BlackRock, as any increase in Bitcoin supply would also lead to a decrease in the price of its Bitcoin spot ETF. -Original

15. OKX Web3 wallet has reached a strategic partnership with Arbitrum to promote Web3 innovation.

According to official news, the OKX Web3 wallet has reached a strategic partnership agreement with Arbitrum, and both parties will work together to promote Web3 innovation, empowering developers to use cutting-edge tools and build a secure and accessible ecosystem to serve global users. By optimizing access to the Arbitrum ecosystem and its dApps, users can easily explore the Arbitrum ecosystem through the OKX wallet, including products like DEX, NFT markets, and Eco Hub, promoting the growth and activity of the Arbitrum community. For developers, OKX OS provides a range of powerful tools that enable them to easily build and innovate dApps, achieving seamless integration. As a second-layer scaling solution for Ethereum, Arbitrum has become one of the important innovations in blockchain technology by improving scalability, reducing network congestion and transaction costs, while ensuring compatibility and security with the Ethereum Virtual Machine. The OKX Web3 wallet, as an industry-leading one-stop Web3 entry point, now supports over 100 popular public chains, providing a unified experience across app, plugin, web, and Telegram, further promoting the application of Web3. -Original

The above is a selection of hot topics from the past 24 hours. For faster news, please download AICoin (aicoin.com)

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