Trump posts to celebrate Bitcoin breaking $100,000
Trump Nominates David O. Sacks as White House Crypto and AI Director
President-elect Donald Trump has announced the appointment of David O. Sacks as the White House Commissioner for Artificial Intelligence and Cryptocurrency. Sacks will be responsible for leading the government's policy making in the fields of artificial intelligence and cryptocurrency, and promoting the United States to become a global leader in these two key areas. His responsibilities include protecting freedom of speech online, addressing bias and censorship issues of large technology companies, and providing a clear legal framework for the cryptocurrency industry to support its prosperity in the United States. In addition, Sacks will also lead the President's Council of Advisors on Science and Technology.
David Oliver Sacks is a South African-American entrepreneur, author and internet technology investor, born in Cape Town, South Africa in 1972. He is a general partner of Craft Ventures, a venture capital fund focused on investing in early-stage technology companies. He joined PayPal in 1999 as head of product and later became chief operating officer (COO). He is a member of the "PayPal Mafia".
Vancouver to include Bitcoin in city finances
According to Bloomberg, as Bitcoin breaks through $100,000 to set a record high, the city of Vancouver is considering incorporating Bitcoin into the city's financial system. The Vancouver City Council will consider a motion proposed by Mayor Ken Sim on December 11, titled "Protecting the city's purchasing power through financial reserve diversification-building a Bitcoin-friendly city."
OpenAI announced this morning the launch of a fully upgraded o1 model, which has been fully launched in ChatGPT, replacing the previous o1-preview. The new version of the o1 model has significantly improved performance. It not only performs better in reasoning, programming, mathematics, and writing, but also supports image uploading and visual reasoning functions, and reduces the error rate of complex problems by 34%. In addition, OpenAI has launched a new subscription plan. ChatGPT Plus users ($20/month) can use o1 today, and Pro users ($200/month) can also get a stronger reasoning mode and unlimited access. In the future, o1 will support API integration as well as web browsing and file upload functions.
OpenAI CEO: Not worried about Musk using political power to attack competitors
Musk's xAI completes a new round of $6 billion financing, with a valuation of over $40 billion
According to documents submitted to the U.S. Securities and Exchange Commission (SEC), xAI, an artificial intelligence company founded by Elon Musk, announced the completion of a new round of financing of up to $6 billion. The financing attracted 97 investors, with the lowest single investment amount being $77,593. After this round of financing, xAI's valuation exceeded $40 billion. In May of this year, xAI completed a round of financing of the same size, when the company was valued at $24 billion. Existing investors including Sequoia Capital and Andreessen Horowitz also participated in this round of financing. This part of the funds is mainly used to support the construction of xAI's new supercomputing center in Memphis , which is known as the largest multi-billion dollar investment project in local history, attracting technology companies such as Nvidia, Dell and AMD to deploy here.
Samuel Armes, president of the Florida Blockchain Business Association (FBBA), said that Florida "is likely to establish a strategic Bitcoin reserve during the legislative session that begins in the first quarter of 2025." Specific plans include allocating 1% (about $1.857 billion) from the state's $185.7 billion pension fund (the fourth largest pension fund in the United States) and investing 1% (about $1.16 billion) from the $116.5 billion budget surplus in the 2024-25 fiscal year to purchase Bitcoin.
Florida currently holds $800 million in crypto-related investments. The state's governor, Ron DeSantis, has been supportive of cryptocurrency innovation and stressed the importance of financial freedom in a Twitter Spaces conversation with Elon Musk in May 2023. Earlier, U.S. President-elect Trump had pledged to support domestic Bitcoin mining and said the government would not sell its approximately 212,000 Bitcoins.
The first aelf halving will take place on December 12, with the block reward dropping to 0.0625 ELF
AI-enhanced Layer 1 public chain aelf announced that it will conduct its first halving at 15:30 Beijing time on December 12, which is expected to occur at the main chain block height of 246,500,000. Since the mainnet was launched in 2020, aelf has been running stably for four years.
aelf COO Brian Liang said that this halving is not just a reduction in block rewards, but also represents the continued evolution of aelf as a sustainable and innovative blockchain ecosystem. According to the aelf white paper, the network allocates 12% of ELF tokens for block rewards, which are halved every four years. After the halving, the block reward will drop from 0.125 ELF to 0.0625 ELF.
Cosmos-based Noble blockchain launches USDN, a US dollar stablecoin based on the M^0 protocol
According to The Block, the Noble blockchain of the Cosmos ecosystem has launched a customized USD stablecoin USDN based on the M^0 protocol. This is the first stablecoin issued through the M^0 "stablecoin expansion engine", backed by short-term US bonds and issued by approved minters. Noble connects multiple Cosmos chains through the IBC protocol, aiming to provide a credible digital dollar for the ecosystem. The M^0 protocol distributes revenue to market makers, enhancing liquidity and network benefits.
According to Grayscale's latest disclosed data, as of December 5, 2024, the Grayscale DeFi Fund's investment portfolio consists of 5 tokens: $UNI, $AAVE, $MKR, $LDO, and $SNX.
Among them, Uniswap (UNI) has the largest holding with a weight of 58.07%, and each fund share corresponds to 1.12344341 UNI; Aave (AAVE) ranks second with a weight of 18.65%, and each fund share corresponds to 0.02201319 AAVE.
Other components include: Maker (MKR) accounts for 9.31%, Lido DAO (LDO) accounts for 9.18%, and Synthetix (SNX) accounts for 4.79%. This disclosure shows that the composition of the fund has not changed.
According to the Safety official announcement on the X platform, the scope of application of the gray certification mark has been expanded to include governors, local government agencies and more government-related positions around the world. New certification objects include first ladies/gentlemen, deputy ministers, governors/chief ministers and ambassadors, etc., aiming to enhance recognition support for global governments and related agencies.
Earlier, Musk announced that Twitter will pilot a new multi-color authentication system . Corporate accounts will be authenticated with a gold logo, government officials will be authenticated with a gray logo, and blue authentication will be for individuals.
Fundstrat Research Director: Bitcoin breaking $100,000 is a signal for a year-end stock market rally
Bitcoin fell to around $90,000 this morning, but is now recovering
Changpeng Zhao: Satoshi Nakamoto’s permanent retirement is the best part of Bitcoin’s design
The annualized premium for Bitcoin's two-month futures hit 20%, the highest level in 8 months
According to Cointelegraph, the price of Bitcoin broke through the $100,000 mark yesterday, setting a new record high. The rise triggered a surge in demand in the futures market, with the annualized premium of Bitcoin two-month futures reaching 20%, the highest level in 8 months. The rise may be driven by multiple factors, including US President-elect Trump's nomination of crypto-friendly Paul Atkins as SEC Chairman, Russian President Putin praising Bitcoin's anti-censorship properties, and Federal Reserve Chairman Powell's statement that Bitcoin is a direct competitor to gold. In addition, MicroStrategy's possible inclusion in the Nasdaq 100 Index has further increased the market demand for Bitcoin. Options market data shows that professional traders have strong confidence in the continued bullishness of Bitcoin. Since December 2, Deribit's call options open interest has been 48% higher than put options.
Coinbase International Station announced on the X platform that Coinbase International Station and Coinbase Advanced will add support for Moo Deng, Algorand, The Sandbox and Mog Coin perpetual futures contracts. The MOODENG-PERP, ALGO-PERP, SAND-PERP and 1000MOG-PERP markets are expected to open on or after 17:30 on December 12, 2024, Beijing time.
Tether Treasury mints 1 billion more USDT on Ethereum network
Whale Alert monitoring shows that at 23:27 last night Beijing time, Tether Treasury minted an additional 1 billion USDT on the Ethereum network.
