Trump Considers Appointing Crypto Lawyer Teresa Goody Guillén as SEC Chair
According to CoinDesk, US President-elect Trump is considering appointing blockchain legal expert Teresa Goody Guillén as chairman of the US Securities and Exchange Commission (SEC). Guillén is currently a partner and co-head of the blockchain team at BakerHostetler law firm. She has worked at the SEC and represented blockchain companies and traditional companies in response to SEC enforcement actions.
Sources said that the Trump team hopes to choose a candidate who is pro-cryptocurrency and has a non-bureaucratic background to push the SEC to implement a light regulatory policy and end the practice of "enforcement actions are regulation." Guillén is recognized by the industry for his deep securities law background and support for the crypto industry, and is believed to be able to quickly reform the SEC.
The SEC chairmanship is expected to be decided before Thanksgiving, with Guillén competing against other candidates, including former SEC Commissioner Paul Atkins and Robinhood Chief Legal Officer Dan Gallagher.
Trump is expected to announce his nominee for Treasury secretary as early as Wednesday.
According to the official announcement of Coinbase, affected by the latest review results, Coinbase will suspend the trading service of wBTC (Wrapped Bitcoin) on December 19, 2024, at around 12 noon Eastern Time. The suspension of trading involves all trading modes of the Coinbase platform, including Simple and Advanced Trade, Coinbase Exchange and Coinbase Prime, but users can still access and withdraw their wBTC assets at any time.
In response, the wBTC team issued a statement expressing regret and surprise at Coinbase's decision. The team emphasized that wBTC has always taken compliance, transparency and decentralization as its core principles, providing users with efficient BTC liquidity solutions, while seamlessly integrating with a variety of DeFi protocols, making important contributions to the development of the ecosystem. The wBTC team called on Coinbase to reconsider the decision and expressed its willingness to provide more information to resolve any potential issues.
Coinbase: cbBTC is now available on the Arbitrum Network
According to the official announcement of Coinbase, cbBTC launched by Coinbase is now available on the Arbitrum network. cbBTC is an ERC-20 token supported by Coinbase, and each unit is backed by 1:1 Bitcoin (BTC) as a reserve.
ai16z Joint Creation: ELIZA token airdrop for ai16zeliza holders has officially started
ai16z co-founder Shaw announced that the ELIZA token airdrop plan has been officially launched and will be distributed to all ai16zeliza holders. According to snapshot data, a total of 100 million tokens will be airdropped according to the holding ratio, with 20% unlocked immediately and the remaining part unlocked linearly every day, in order to prevent the tokens from being sold in a concentrated manner.
Currently, ai16z DAO holds more than 10% of the token supply, and the project itself holds 3% of the supply through the Squads wallet for future development and growth support. Users can check the airdrop eligibility through the official GitHub link and complete the claim on the Streamflow platform.
Shaw also emphasized that the development team did not profit from yesterday’s events and will use all resources to support the development of the ai16z DAO and ai16zeliza projects.
Rumble considers adding Bitcoin to its balance sheet, 93.8% of users support the move
Chris Pavlovski, founder and CEO of video sharing platform Rumble, launched a poll on social media X, asking whether Bitcoin (BTC) should be included in the company's balance sheet. So far, the poll shows that 93.8% of users support the move.
MicroStrategy co-founder Michael Saylor responded that he was willing to discuss the importance of Bitcoin and specific operations with Pavlovski. Subsequently, Pavlovski said that he had contacted him via private message.
Crypto and AI company OpenLayer completes $5 million seed round of financing
According to The Block, OpenLayer, a crypto and artificial intelligence startup founded by three former Robinhood employees, has raised $5 million in seed round financing. The financing was participated by a16z CSX, Geometry, IOSG Ventures, Spartan Group, LongHash Ventures and other angel investors, and some investors came from projects such as EigenLayer and AltLayer.
OpenLayer focuses on developing an AI data layer that allows users to contribute and verify data through a Chrome extension while protecting privacy and earning rewards. Developers can access data based on user permission for AI model training, user targeting, and feature enhancement. The project has been launched as an Active Verification Service (AVS) on EigenLayer, attracting more than 48,575 participants and staking more than $10 billion worth of Ethereum.
OpenLayer plans to launch a token in the future. The current team size is seven people and it is planning to hire two engineers.
According to on-chain analyst Ember, a whale trader sold 562.19 WBTC bought nine days ago at an average price of $93,051 after Bitcoin (BTC) hit a record high of $93,905 early this morning, making a profit of approximately $6.84 million.
The whale recently sold WBTC twice after BTC price hit a new high, with a total profit of up to $15.69 million. The funds increased from $37.61 million to $53.3 million. The transaction details are as follows:
In early October, the whale bought 629.4 WBTC at an average price of $60,726, and sold them at an average price of $75,021 after BTC hit a new high on November 8, making a profit of $8.85 million.
On November 11, he re-bought 562.19 WBTC at an average price of $80,885. After BTC hit a new high early this morning, he sold it at an average price of $93,051, making a profit of $6.84 million.
BlackRock's Bitcoin ETF Options IBIT's First-Day Trading Volume Nearly $1.9 Billion
According to The Block, driven by the first day of options trading of iShares Bitcoin Trust (IBIT) launched by BlackRock, the price of Bitcoin hit a record high, breaking through the $93,900 mark for the first time. As the first spot Bitcoin ETF approved for options trading, IBIT's first-day trading volume was close to $1.9 billion in notional exposure, totaling 354,000 contracts, including 289,000 call options and 65,000 put options.
Analysts said that this trading volume was significantly higher than the first-day performance of other ETFs, such as BITO's first-day trading volume of only $363 million. Market experts expect that as the interest in the opening of Bitcoin ETF options increases, market liquidity will increase and volatility may gradually decrease. In addition, Bitwise and Grayscale's Bitcoin ETF options are expected to start trading on Wednesday this week, and more similar products will be launched one after another.
