The crypto market's transformation in the fourth quarter has put the industry in a race with Wall Street for dominance in terms of 2024 performance. Coinbase, in particular, has performed well, with its exchange revenue now ranking fifth in the world. Data confirms that Coinbase's revenue reached $5.75 billion in the past 12 months, surpassing Nasdaq and the Chicago Board Options Exchange (CBOE). Jamie Coutts, chief cryptocurrency analyst at investment firm Real Vision, said on December 17 that cryptocurrencies are eating into the share of traditional finance (TradFi).

Vetle Lunde, head of research at K33, wrote on the X platform: "In the United States, the assets under management of Bitcoin ETFs ($129.3 billion) have exceeded those of gold ETFs ($128.9 billion). Although gold had a 20-year first-mover advantage, it has now been overtaken."

Binance announced the launch of Binance Alpha, a new platform within the Binance Wallet (formerly Binance Web3 Wallet) that aims to spotlight promising early blockchain projects and help users explore Alpha opportunities. Binance Alpha is a platform for showcasing tokens that may be considered for listing on the Binance exchange in the future. It will serve as a "pre-listing token selection pool" and is committed to improving the transparency and fairness of the Binance exchange token listing process.

No one can define a rushing river.

NFT trading platform OpenSea has sparked speculation that it may be preparing to conduct a token airdrop after registering an entity in the Cayman Islands. Anonymous researcher Waleswoosh of Azuki and X platform user posted a screenshot of OpenSea’s registration. The registration information appeared in the Cayman Islands General Registry and was also confirmed by OpenSea to CoinDesk.

European Parliament member Sarah Knafo gave a pro-Bitcoin speech in the European Parliament, calling for the creation of a “strategic Bitcoin reserve” while speaking out against a digital euro.

A few minutes ago, the Ethereum Foundation sold 100 ETH at an average price of $4,024.73, worth 402,473 DAI. This year, it has sold a total of 4,466 ETH worth $12.6 million.

The Hong Kong Government recently announced that it has informed the OECD Global Forum on Transparency and Effective Exchange of Information for Tax Purposes that Hong Kong is committed to implementing a Crypto-Asset Reporting Framework (Reporting Framework) to enhance international tax transparency and combat cross-border tax evasion. Hong Kong is committed to implementing the Reporting Framework with appropriate partners on a reciprocal basis, provided that the relevant partners meet the standards for protecting confidentiality and security of information. Taking into account the latest timetable set by the Global Forum, the Government initially plans to complete the required local legislative amendments by 2026 or earlier, and to conduct the first automatic exchange of information under the Reporting Framework with relevant tax jurisdictions starting in 2028.

In the blockchain industry, many practitioners believe that blockchain projects without tokens have no soul.

Dennis Porter, co-founder and CEO of Satoshi Action Fund (SAF), said that Trump is considering establishing a "strategic bitcoin reserve" through an executive order. The Treasury Department has the authority to stabilize the dollar by purchasing currencies through the Exchange Stabilization Fund. Trump will use this fund to buy bitcoin.

The emergence of Vana marks a paradigm shift in the data economy.