Mr whale 小鯨

Bitcoin (BTC) first broke through 90,000 dollars last Wednesday (the 13th), reaching a new high, attracting many new millionaires, among whom Erik Finman is the most notable. He invested in bitcoin at the age of 12 and became a millionaire at 18.
In 2011, Finman bought 103 bitcoins for 1245 dollars from his grandmother. In 2013, he sold all of them for 1200 dollars each, earning 120,000 dollars, and subsequently founded the online education platform Botangle. Despite facing numerous challenges, he ultimately succeeded in selling the company in 2015, receiving bitcoin as payment.

(Wall Street Journal) Reveals Major Bank Actions Possible to "Comprehensive Relaxation" of Cryptocurrency Regulations
#特朗普
#美國放寬加密監管

Stablecoins are rapidly emerging as a trillion-dollar market opportunity. They are pegged 1:1 to fiat currencies and maintain stability through reserves or algorithms, providing a safer crypto experience for newcomers. Since 2020, the share of stablecoins in blockchain transactions has increased from 3% to over 50%, highlighting their non-speculative nature.
2024 is considered the breakthrough moment for stablecoins, with transaction volumes expected to exceed $5 trillion, involving nearly 200 million accounts. The application of stablecoins is no longer limited to DeFi; particularly in emerging markets, their seamless cross-border payment capabilities are highly favored.

The popular NFT project 'Pudgy Penguins' 🐧 has made a splash in the digital collectibles market since its launch in 2021, thanks to its adorable image. Recently, they announced the launch of their official token '$PENGU', and hinted at its release on the Solana chain within this month.
In addition to their success in the NFT and cryptocurrency sectors, Pudgy Penguins is actively expanding into the physical market, collaborating with retail giants like Walmart and Target to launch merchandise that attracts a broader audience.
Currently, the floor price of Pudgy Penguins NFTs has reached 17.75 ETH (approximately $68,535), with a total market cap of $609 million. According to CoinGecko data, the trading volume surged by 245% over the past 24 hours, reaching 2,082 ETH (about $8 million), sparking market discussions.

According to reports from the Financial Times, the UK has recently uncovered a large-scale money laundering scheme involving drug traffickers and Russian spies. The scheme operates in London, Moscow, and Dubai, involving billions of dollars and allowing sanctioned individuals to evade regulation using cryptocurrency. The UK's National Crime Agency (NCA) noted that the investigation, dubbed 'Operation Disrupt Stability,' focuses on two companies—Smart and TGR—that act as financial hubs for criminals and sanctioned individuals.
From the end of 2022 to the summer of 2023, the network was exploited by multiple criminal groups, including the Kinahan drug trafficking group and Irish cocaine traffickers connected to several contract killings. NCA Operations Director Rob Jones stated that this is the most significant money laundering operation the NCA has ever undertaken, targeting large-scale money laundering centers that combine street cash with cryptocurrency.

The South Korean government may soon allow domestic issuance of tokens and open up institutional investment in cryptocurrency. Simon Kim, CEO of Hashed, revealed that the cryptocurrency taxation has been extended for another two years, accelerating the institutionalization process in the cryptocurrency and Web3 sectors.
The expected policies include allowing companies to open cryptocurrency accounts, opening participation for institutional investors in cryptocurrency investments, issuing tokens in South Korea, and publishing security tokens, among others. The 20% capital gains tax plan originally scheduled to take effect on January 1, 2022, has been postponed to 2027. The Democratic Party has announced a further two-year extension, while the opposition party, the People's Power, advocates for a three-year delay. The Democratic Party has changed its stance and agrees to the postponement of the digital asset capital gains tax.

The employment growth in the United States accelerated significantly in November, despite the impacts of hurricanes and strikes. According to a report from the U.S. Department of Labor, non-farm payrolls increased by 227,000 in November, with adjusted January data showing a growth of 36,000. The unemployment rate slightly rose to 4.2%, while the average hourly wage remained unchanged at 4.4%. Experts predict that although the job market has improved, the overall situation will still steadily slow down, which may prompt the Federal Reserve to consider another rate cut this month.
As the economy continues to grow, with inflation rates above the central bank's 2% target, combined with the uncertainty of Trump administration policies, the possibility of future rate cuts is still under discussion. Market traders predict that there may be two rate cuts next year and believe that the likelihood of a third rate cut by the end of 2025 exceeds 50%. All of this indicates that the U.S. economy is facing new challenges and variables.

Russian President Putin fully supports cryptocurrency, claiming that no one can prohibit the existence of Bitcoin. The recently signed law categorizes cryptocurrency as 'legitimate property' and establishes a clear tax framework for crypto trading and mining activities. Russia, as a cryptocurrency mining giant, can generate up to 200 billion rubles (2 billion USD) in revenue annually just from mining.
With Putin's support, the Russian government is actively leveraging the potential of cryptocurrency. The new law exempts cryptocurrency mining and sales from value-added tax, providing miners with some leeway, but requires operators to report their activities to the authorities. Violators will face fines. For cryptocurrency traders, income tax is applicable, with a rate of 13% for income up to 2.4 million rubles (22,300 USD), which rises to 15% thereafter. Businesses are not exempt either, facing a standard corporate tax rate of 25% starting next year.

According to TheStreet, the U.S. government's proposal to purchase 1 million bitcoins over the next five years has sparked widespread discussion. This initiative could not only affect the U.S. market but could also lead the development of cryptocurrencies worldwide. Experts point out that this will have a chain reaction on governments, institutions, and sovereign wealth funds, and may elevate bitcoin to a strategic asset status similar to gold.
The market is anticipated to witness a surge in demand for bitcoin, with businesses and investors entering the market in droves. This move could lead large companies to include bitcoin on their balance sheets, further driving demand growth. Experts believe that this proposal may have a more profound impact than that of a bitcoin ETF, contributing to the widespread application of cryptocurrencies in the financial sector.

The price of XRP is exhibiting a bullish triangle pattern, sparking discussions in the market about whether it can break through $5 in December.
Despite the potential risk of a pullback, XRP, as the leading cryptocurrency, does not seem to be significantly affected, with the current price rising again by 1.67%.
In November, XRP achieved an astonishing increase of 270%, exceeding expectations, but bullish forecasts suggest this is just the beginning, with expectations that XRP could reach higher levels by 2025.
However, the price trend of XRP shows some cracks, with recent gains slightly slowing down and trading volume decreasing by 38%, dropping to $11.4 billion.

South Korean President Yoon Seok-yue suddenly declared the implementation of emergency martial law, aiming to eliminate pro-North Korean forces and safeguard the country's constitutional system. This move triggered turmoil in the South Korean cryptocurrency market, with the prices of multiple currencies plummeting by more than 20%, including XRP, DOGE, and XLM.
Bitcoin fell to $63,000 on major exchanges, with other cryptocurrencies also affected, falling between 20% and 40%. Yin Xiyue said that the move was to protect the country from threats from North Korean forces and to eradicate anti-national forces.
The South Korean cryptocurrency market was generally affected by the news, with Bitcoin once falling to $94,000 and now recovering to the $95,000 level. Overall, the dynamics of politics and cryptocurrency markets have attracted widespread attention and discussion.

The price of Bitcoin is nearing $97,000, facing strong resistance around $99,000, even though CME futures have surpassed $100,000. Analysts anticipate a possible breakthrough of $100,000 this weekend. Markus Thielen is optimistic about this breakthrough and notes that a pullback could help alleviate the overbought conditions.
He warned that the Federal Reserve's decision could become a short-term resistance. Despite the short-term challenges, Thielen believes that Bitcoin will break through $100,000 in the coming weeks. The market generally believes that Trump’s ascension will drive Bitcoin prices up, with a promise to establish a national Bitcoin reserve.
Polymarket predicts a 29% chance that Trump will take relevant action within the first 90 days of his term. The outlook for Bitcoin is positive, and cryptocurrency applications may usher in a new golden age.

XRP surpassed USDT in market capitalization to become the third largest cryptocurrency, with a price increase of 30% within a week, reaching $2.46 and a market capitalization of $137.4 billion, surpassing USDT.
This upward trend has continued for several weeks, driven by multiple positive news. The momentum for XRP's price stems from various factors, including the boost in investor confidence from the results of the U.S. midterm elections and expectations for the launch of an XRP exchange-traded fund (ETF).
Although the United States has not yet launched an XRP ETF, potential issuers are preparing for a favorable regulatory environment. Additionally, the SEC chairman announced he would resign in January next year, which may affect the legal dispute between Ripple and the SEC. The SEC accused Ripple of selling XRP without registration, and this lawsuit has been ongoing since December 2020, severely impacting XRP's market position and value.

The Supreme People's Procuratorate of China emphasizes the enforcement of the revised anti-money laundering law, with particular attention to virtual currency and financial crimes, to safeguard national security. Ying Yong pointed out the importance of combating money laundering involving digital currencies and called for cooperation among institutions to effectively implement the law. The new anti-money laundering law will take effect in January 2025, expanding the scope of money laundering crimes to include cryptocurrency transactions. Ying Yong stressed that the responsibility for anti-money laundering is a shared responsibility both internationally and domestically and reiterated the importance of the rule of law. The court recently ruled that wages cannot be paid in cryptocurrency, emphasizing the necessity of paying wages in legal tender. This case involved a labor dispute over unpaid wages in USDT, with the court finding insufficient evidence to support the claim of engineer Zhou. Overall, China is strengthening anti-money laundering regulation, emphasizing the principles of the rule of law, and restricting the use of cryptocurrency in wage payments.

Recently, the cryptocurrency market rose by 0.5%, with Solana, Dogecoin (DOGE), XRP, Shiba Inu, and Stellar performing prominently. XRP and Stellar rose by 15% and 12.5% respectively, while SOL, SHIB, and DOGE's gains ranged from 2.5% to 3%.
ChatGPT analyzed these coins, noting that DOGE formed a cup and handle pattern with a target price of $1.38, potentially breaking through $0.50 in the future. Solana (SOL) is showing bullish momentum, expected to reach $269 by the end of the year. After breaking the $1.50 resistance, XRP is expected to reach $2 next year. Stellar (XLM) is displaying a bullish flag pattern with a target of $0.55.

A recent ruling by Chinese courts has determined that cryptocurrencies cannot be used as a form of wage payment, emphasizing that their different status from legal tender is not protected under labor law. This decision was made by the People's Court of Qianhai Cooperation Zone in Shenzhen in a labor dispute case, warning employers against paying wages in cryptocurrencies. An engineer claimed that part of his salary should be paid in cryptocurrency, but the court ruled that this violated national labor law provisions, as cryptocurrencies do not have the status of legal tender. Additionally, former China Securities Regulatory Commission official Yao Qian has been prosecuted for allegedly accepting bribes using digital currency, sparking further discussion on the legal use and regulation of digital currencies.

Catslap (SLAP) Two Major Reasons Why Prices Are About to Skyrocket

Catslap ($SLAP) recently increased its market value by burning 10 million tokens, celebrating the Slapometer reaching 10 million slaps. This move has boosted holder confidence and signals the arrival of more token burn activities.
Unlike Popcat, every slap in Catslap counts towards the national total, motivating users to participate and enhancing community engagement. Currently, Catslap's price is consolidating, and it is expected to break through $0.0060, attracting more investors to this highly potential project.
#catslap #山寨币走势展望

Japan’s new Prime Minister Shigeru Ishiba has reorganized the party’s Web3 and cryptocurrency policy departments. Digital Minister Taira Masaaki announced that the existing Web3 project team will be disbanded and a new department will be established, led by former Web3 PT Secretary General Shiozaki Akihisa. The government emphasized that it will continue to promote Web3-related businesses, continuing former Prime Minister Fumio Kishida’s view of blockchain and cryptocurrency as an engine of economic growth. Both Shigeru Ishiba and Shoaki Taira support policies that are conducive to the development of Web3, and Shoaki Taira has repeatedly mentioned the need to reform Japan’s cryptocurrency tax law.

#web3 #日本

Bitcoin is preparing to break through $100,000, although it may encounter resistance. Funds are turning to Ethereum, with a rush towards $5,000 expected. DeFi, NFT, ENS and other Ethereum fields have attracted attention. AAVE and ENS are performing strongly and are expected to continue rising. The market is paying attention to NFT and Meme coins. Investors should pay attention to the prices of Bitcoin and Ethereum and adjust their strategies flexibly. The Ethereum ecosystem offers multiple opportunities and development needs to be closely monitored.

#比特幣再次挑戰十萬
#市场回暖新机遇

Bitcoin has risen by more than 40% since Trump was re-elected, but it has not yet broken through the psychological barrier of $100,000.
Analysts noted that gains have slowed as long-term holders began to take profits. While market sentiment remains high, overexpansion could trigger a short-term correction. Novogratz predicts that Bitcoin will break through six figures, but the market’s overleverage may bring about a correction.
In addition, Trump’s pro-cryptocurrency policy has not yet been concreted, and the progress of future regulatory reforms will affect market fluctuations. Market analysts believe that the possibility of exceeding $100,000 still exists.