13 December 2024
Macro/TradFi
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A Russian State Duma member proposes a national Bitcoin reserve to counter economic sanctions and ensure financial stability.
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Donald Trump pledged not to remove Federal Reserve chair Jay Powell before his term ends in May 2026, while promising sweeping tariffs, mass deportations, and tax cuts in his first days in office.
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El Salvador and Argentina have teamed up to boost the cryptocurrency industry in Latin America.
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At the annual meeting, Microsoft shareholders rejected a proposal to add Bitcoin to the company’s balance sheet.
Crypto
L1/L2:
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MicroStrategy announced another US$2.1B Bitcoin purchase this week, marking its fifth consecutive Monday of digital asset purchases.
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Treasure’s ZKsync-based gaming L2 blockchain is now live.
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Alchemy Pay plans to launch its own layer-1 blockchain for large-scale business applications.
DeFi:
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World Liberty Financial Initiative (WLFI), backed by US President-elect Donald Trump, acquired 2,631 ETH for $10 million, plus 41,335 LINK and 3,357 AAVE, investing $1 million in each.
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Sushi CEO Jared Grey has revealed plans to roll out several new products by 2025, including an integrated Solana-based trading platform and an on-chain perp DEX.
NFT:
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After announcing their imminent $PENGU token, Pudgy Penguins NFTs have surged to become the world’s second most-valued set, with floor prices exceeding $100,000.
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Magic Eden, a top NFT marketplace, launched its $ME token airdrop on December 10.
Stablecoins:
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Hong Kong advances stablecoin regulations with a new bill published on Dec. 6, setting a clear framework for issuers and marketers.
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Ripple CEO Brad Garlinghouse announced that the New York Department of Financial Services (NYDFS) has approved its stablecoin, RLUSD.
Others:
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Binance introduced the “Seamless” Binance Wallet upgrade, alongside a $5M Airdrop Carnival
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Frax Finance launched AIVM, a tech stack using AI and proof-of-inference to validate blockchain transactions.
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