š MARKET MOVING NEWS! (30/12/24)
1ļøā£ Solana Co-Founder Sued By Ex-Wife Over Millions Worth Of Staked SOL ā¶ļø
Solana co-founder Stephen Akridge has reportedly been sued by his ex-wife, Elisa Rossi, on allegations that he secretly earned āmillions of dollars in staking rewardsā from her share of SOL tokens. The complaint states that the pairās March divorce agreement split ownership of SOL they owned. However, Rossi alleges that Akridge ātook advantage of the significant disparity in expertise in cryptocurrenciesā to keep control of the tokens and continue earning staking rewards from them.
2ļøā£ Malaysia Orders Bybit To Halt Local Operations Over Registration Failure š
Malaysiaās Securities Commission (SC) has reportedly ordered crypto exchange Bybit and its CEO Ben Zhou to suspend the platformās website, mobile applications, and other digital platforms in Malaysia. It also ordered Bybit to cease all advertising activities to Malaysian investors and discontinue its Telegram support group for Malaysians. The regulatorās orders come on the grounds that Bybit operated a crypto asset trading platform without proper registration. The company has been given 14 business days to do so starting from Dec. 11. Notably, Bybit and Zhou have been included in the regulatorās Investor Alert List since July 2021 for the same regulatory violation.
In a post on the Bybit Malaysia Telegram channel, Bybit stated,
We understand that this may cause some inconvenience. Once we have secured the appropriate licenses, we look forward to reconnecting with you again in the future.
3ļøā£ Monthly Bitcoin ATM Additions In Australia Hit 29-Month Streak š¼
According to data from Crypto ATM data tracker Coin ATM Radar, the number of Bitcoin ATMs in Australia has increased monthly for over two years. Specifically, it shows that Australia has maintained a net positive addition of Bitcoin ATMs for the last 29 months. The country now reportedly has a total of 1,359 ATMs, which account for 3.5% of all Bitcoin ATMs globally. While the percentage may seem low, Australia ranks third in the number of Bitcoin ATMs globally. In fact, the number of Bitcoin ATMs in Australia is now almost on par with the amount found in Europe.
4ļøā£ Ai16z Considers Tokenomics Overhaul And Launching Layer 1 Blockchain ā¼ļø
AI agent platform ai16z is reportedly considering launching a Layer 1 blockchain and adjusting its tokenomics. The report states that the team has engaged in initial discussions with contributors to improve the value accrual of its token. The governance proposal states that it plans to introduce a token launchpad similar to pump.fun in the first quarter of 2025. This platform will reportedly be used to deploy AI projects based on its Eliza framework, with its native token to be used as the base currency for agent-to-agent interactions. The launchpad could possibly implement various value capture mechanisms, including launch fees, ai16z token staking for access, and strategic liquidity pool pairings.
5ļøā£ Hong Kong Legislator Proposes Adding Bitcoin To National Reserves šø
Wu Jiexhuang, a Hong Kong legislator has reportedly proposed that the special administrative region enact a policy to include Bitcoin in its national reserve for financial security. Jiexhuang cited the examples of smaller nations, such as El Salvador and Bhutan, as well as certain US states which have integrated Bitcoin into their strategic reserves. He also added that US President-elect Donald Trumpās proposal to make Bitcoin a strategic reserve asset could have a significant impact on traditional markets. Jiexhuang also suggested that the region should take advantage of Chinaās āone country, two systemsā policy to try including Bitcoin in ETFs before exploring additional ways to increase Hong Kongās Bitcoin holdings.
