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Trump introduces Gold and Platinum visas: $1 million to $5 million for residency and tax-free benefits.US President Trump officially launched the controversial "Trump Gold Card" program, allowing wealthy foreigners to obtain US residency directly for $1 million, while companies applying for residency for their employees must pay $2 million. The government also announced the upcoming "Platinum Card," priced at $5 million, which would allow holders to stay in the US for 270 days annually and be exempt from foreign income tax. This policy, while strengthening the deportation of illegal immigrants, also opens a simple, paid pathway for the wealthy, sparking widespread debate. Trump launches Gold Card program, offering US visas for millions of dollars.

Trump introduces Gold and Platinum visas: $1 million to $5 million for residency and tax-free benefits.

US President Trump officially launched the controversial "Trump Gold Card" program, allowing wealthy foreigners to obtain US residency directly for $1 million, while companies applying for residency for their employees must pay $2 million. The government also announced the upcoming "Platinum Card," priced at $5 million, which would allow holders to stay in the US for 270 days annually and be exempt from foreign income tax. This policy, while strengthening the deportation of illegal immigrants, also opens a simple, paid pathway for the wealthy, sparking widespread debate.

Trump launches Gold Card program, offering US visas for millions of dollars.
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Fed Cuts Rates Again by 0.25%, Economic Outlook Improves, Bitcoin and Ethereum Remain VolatileThe Federal Reserve (Fed) announced this morning (12/11) a rate cut of 0.25%, lowering the benchmark interest rate to 3.5%–3.75%. Chairman Powell stated that inflation remains high and employment is weakening, making policy decisions more challenging. The current interest rate has returned to a 'broadly neutral range,' and whether to cut rates further will depend on data. He emphasized that inflation caused by tariffs is temporary, and the overall economic outlook still leans towards strengthening. After the announcement, U.S. stocks and the bond market rose simultaneously, but the cryptocurrency market reacted mildly, with a total market value dropping by 0.3% in the past 24 hours. Bitcoin remains in the 91K–92K range, while Ethereum fluctuates between $3,200 and $3,300.

Fed Cuts Rates Again by 0.25%, Economic Outlook Improves, Bitcoin and Ethereum Remain Volatile

The Federal Reserve (Fed) announced this morning (12/11) a rate cut of 0.25%, lowering the benchmark interest rate to 3.5%–3.75%. Chairman Powell stated that inflation remains high and employment is weakening, making policy decisions more challenging. The current interest rate has returned to a 'broadly neutral range,' and whether to cut rates further will depend on data. He emphasized that inflation caused by tariffs is temporary, and the overall economic outlook still leans towards strengthening. After the announcement, U.S. stocks and the bond market rose simultaneously, but the cryptocurrency market reacted mildly, with a total market value dropping by 0.3% in the past 24 hours. Bitcoin remains in the 91K–92K range, while Ethereum fluctuates between $3,200 and $3,300.
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The Fed's Expected 'Hawkish Rate Cut', Internal Divisions Widen, Only One More Rate Cut Expected in 2026The Federal Reserve (Fed) conducted its third rate cut of the year as the market expected, but the internal divisions behind this policy adjustment are unprecedented. The Federal Open Market Committee (FOMC) passed the rate cut of 0.25 percentage points with a vote of 9 to 3, lowering the benchmark interest rate range to 3.5% to 3.75%. Although this is seen as a 'hawkish rate cut', the Fed simultaneously released a highly cautious stance towards further easing in the future, and market expectations for rate cuts next year are rapidly cooling. Three officials opposed the resolution, revealing internal fissures within the Fed. The voting results of this meeting marked the first time since September 2019 that three officials cast dissenting votes, reflecting a high level of inconsistency regarding the policy direction. The 'dove' position held by board member Stephen Miran supported a 0.5 percentage point rate cut, while the steadfast 'hawk' position was represented by Kansas City Fed President Jeffrey Schmid and Chicago Fed President Austan Goolsbee.

The Fed's Expected 'Hawkish Rate Cut', Internal Divisions Widen, Only One More Rate Cut Expected in 2026

The Federal Reserve (Fed) conducted its third rate cut of the year as the market expected, but the internal divisions behind this policy adjustment are unprecedented. The Federal Open Market Committee (FOMC) passed the rate cut of 0.25 percentage points with a vote of 9 to 3, lowering the benchmark interest rate range to 3.5% to 3.75%. Although this is seen as a 'hawkish rate cut', the Fed simultaneously released a highly cautious stance towards further easing in the future, and market expectations for rate cuts next year are rapidly cooling.

Three officials opposed the resolution, revealing internal fissures within the Fed.

The voting results of this meeting marked the first time since September 2019 that three officials cast dissenting votes, reflecting a high level of inconsistency regarding the policy direction. The 'dove' position held by board member Stephen Miran supported a 0.5 percentage point rate cut, while the steadfast 'hawk' position was represented by Kansas City Fed President Jeffrey Schmid and Chicago Fed President Austan Goolsbee.
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The new Xiaomi phone will come with an embedded Sei cryptocurrency wallet, with stablecoin purchases expected in Hong Kong by next Q2Blockchain Sei announced a partnership with Chinese mobile device giant Xiaomi (XiaoMi). In the future, the new Xiaomi smartphones sold outside of China and the United States will come pre-installed with the Sei cryptocurrency wallet and application. The stablecoin payment feature is expected to launch in the second quarter of next year in countries with stablecoin regulations, such as the European Union and Hong Kong, and in the future, it is expected that stablecoins can be used to purchase Xiaomi phones and electric vehicles. The new Xiaomi phone will come with an embedded Sei cryptocurrency wallet According to the partnership announcement, the Sei cryptocurrency wallet will be pre-installed on all new Xiaomi smartphones sold outside of mainland China and the United States. Initial promotions will focus on regions with higher cryptocurrency acceptance, including Europe, Latin America, Southeast Asia, and Africa, where Xiaomi's market share is quite significant. This collaboration will provide millions with their first access to cryptocurrency, especially in Xiaomi-dominant mobile markets like Greece (36.9%) and India (24.2%).

The new Xiaomi phone will come with an embedded Sei cryptocurrency wallet, with stablecoin purchases expected in Hong Kong by next Q2

Blockchain Sei announced a partnership with Chinese mobile device giant Xiaomi (XiaoMi). In the future, the new Xiaomi smartphones sold outside of China and the United States will come pre-installed with the Sei cryptocurrency wallet and application. The stablecoin payment feature is expected to launch in the second quarter of next year in countries with stablecoin regulations, such as the European Union and Hong Kong, and in the future, it is expected that stablecoins can be used to purchase Xiaomi phones and electric vehicles.

The new Xiaomi phone will come with an embedded Sei cryptocurrency wallet

According to the partnership announcement, the Sei cryptocurrency wallet will be pre-installed on all new Xiaomi smartphones sold outside of mainland China and the United States. Initial promotions will focus on regions with higher cryptocurrency acceptance, including Europe, Latin America, Southeast Asia, and Africa, where Xiaomi's market share is quite significant. This collaboration will provide millions with their first access to cryptocurrency, especially in Xiaomi-dominant mobile markets like Greece (36.9%) and India (24.2%).
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Can AI really replace human traders? Real competition data: humans currently hold the upper hand, with performance volatility 20 times worse.Aster invited 70 human traders and 30 AI models to participate in a trading competition, with each starting with $10,000 in capital and a prize pool of $200,000. The competition runs from December 9 to December 23, with live broadcasts on Aster's event page. Currently, the first place is held by the well-known trader Aoying Capital, who tripled their position in just one day. Statistics show that human traders consistently rank in the top 20, while also occupying the bottom 20 in performance. AI is concentrated in the middle to upper and middle to lower segments. The AI trader segment currently leads with a profit of $618 using Alibaba's Qwen (extremely conservative version), outperforming various versions of Ernie 4.5 aggressive, Gemini 3 aggressive, and Claude Sonnet 4.5, which are the worst-performing models. Looking at trading volume and number of positions, AI adopts a strategy of small positions spread out, while humans tend to close positions or concentrate on a single position. Human PNL standard deviation: 4875.0. AI PNL standard deviation: 224.8. This indicates that the performance volatility of humans is more than 20 times that of AI.

Can AI really replace human traders? Real competition data: humans currently hold the upper hand, with performance volatility 20 times worse.

Aster invited 70 human traders and 30 AI models to participate in a trading competition, with each starting with $10,000 in capital and a prize pool of $200,000. The competition runs from December 9 to December 23, with live broadcasts on Aster's event page. Currently, the first place is held by the well-known trader Aoying Capital, who tripled their position in just one day. Statistics show that human traders consistently rank in the top 20, while also occupying the bottom 20 in performance. AI is concentrated in the middle to upper and middle to lower segments.

The AI trader segment currently leads with a profit of $618 using Alibaba's Qwen (extremely conservative version), outperforming various versions of Ernie 4.5 aggressive, Gemini 3 aggressive, and Claude Sonnet 4.5, which are the worst-performing models. Looking at trading volume and number of positions, AI adopts a strategy of small positions spread out, while humans tend to close positions or concentrate on a single position. Human PNL standard deviation: 4875.0. AI PNL standard deviation: 224.8. This indicates that the performance volatility of humans is more than 20 times that of AI.
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Binance VIP & Institutional Business Head: Exchanges are just the entry point; what's truly important is the global underlying infrastructure of crypto finance.During Binance Blockchain Week in Dubai, ChainNews conducted an exclusive interview with Catherine Chen, Head of VIP and Institutional Business at Binance. Her expertise reveals a complete picture beyond the familiar "Binance exchange," and also unveils the potential role the Binance empire will play in the emerging digital finance era. Binance's "VIP Team" is actually a global financial infrastructure department. Binance is often viewed as a retail exchange, but on the institutional side, its role has expanded to include a global crypto infrastructure provider. Catherine, Head of VIP and Institutional Business at Binance, stated in an interview that the VIP department goes far beyond business and customer service; it's a comprehensive product and technology center responsible for assisting global financial institutions in accessing crypto assets. She explained, "Our mission isn't to cater to large clients, but to build the entire infrastructure so that financial institutions can securely enter the crypto world."

Binance VIP & Institutional Business Head: Exchanges are just the entry point; what's truly important is the global underlying infrastructure of crypto finance.

During Binance Blockchain Week in Dubai, ChainNews conducted an exclusive interview with Catherine Chen, Head of VIP and Institutional Business at Binance. Her expertise reveals a complete picture beyond the familiar "Binance exchange," and also unveils the potential role the Binance empire will play in the emerging digital finance era.

Binance's "VIP Team" is actually a global financial infrastructure department.

Binance is often viewed as a retail exchange, but on the institutional side, its role has expanded to include a global crypto infrastructure provider. Catherine, Head of VIP and Institutional Business at Binance, stated in an interview that the VIP department goes far beyond business and customer service; it's a comprehensive product and technology center responsible for assisting global financial institutions in accessing crypto assets. She explained, "Our mission isn't to cater to large clients, but to build the entire infrastructure so that financial institutions can securely enter the crypto world."
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Chip Investment Expert: Google TPUs Hold Temporary Advantage, but NVIDIA GPUs Have Stronger Long-Term EdgeChip investment expert Gavin Baker delves into the differences between NVIDIA GPUs (Hopper, Blackwell) and Google TPUs in a recent interview, analyzing from the perspectives of technology, performance, cost, and collaboration. He notes that while Google TPUs have a temporary advantage in the short term, NVIDIA's GPU ecosystem still possesses stronger monopolistic power in the long run. GPUs are full-stack platforms, while TPUs are single-point ASICs. Baker stated that the divergence of AI accelerators has already emerged from the fundamental design philosophy. NVIDIA's GPUs, from Hopper and Blackwell to the future Rubin, emphasize being a full-stack platform, covering everything from the GPU itself, the GPU bidirectional interconnect technology NVLink, network cards, switches, to software layers like CUDA and TensorRT, all managed by NVIDIA. Once enterprises purchase GPUs, they essentially obtain a complete environment that can be directly used for training and inference, without needing to assemble networks or rewrite software themselves.

Chip Investment Expert: Google TPUs Hold Temporary Advantage, but NVIDIA GPUs Have Stronger Long-Term Edge

Chip investment expert Gavin Baker delves into the differences between NVIDIA GPUs (Hopper, Blackwell) and Google TPUs in a recent interview, analyzing from the perspectives of technology, performance, cost, and collaboration. He notes that while Google TPUs have a temporary advantage in the short term, NVIDIA's GPU ecosystem still possesses stronger monopolistic power in the long run.

GPUs are full-stack platforms, while TPUs are single-point ASICs.

Baker stated that the divergence of AI accelerators has already emerged from the fundamental design philosophy. NVIDIA's GPUs, from Hopper and Blackwell to the future Rubin, emphasize being a full-stack platform, covering everything from the GPU itself, the GPU bidirectional interconnect technology NVLink, network cards, switches, to software layers like CUDA and TensorRT, all managed by NVIDIA. Once enterprises purchase GPUs, they essentially obtain a complete environment that can be directly used for training and inference, without needing to assemble networks or rewrite software themselves.
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He Yi Interview: From 'I want to give it a try' to co-CEO of Binance, a new management structure of '1+1>2'During the Binance Blockchain Week in December 2025, Binance co-founder He Yi announced she would become the co-CEO of Binance. Interviews that week revealed she would take on the responsibility of the world's largest cryptocurrency exchange, attempting to lead Binance towards a sustainable vision through organizational reform, technology integration, and value investment concepts. Below is a summary of some interview content. Why did Binance activate a co-CEO? A new management structure of '1+1>2' Under the new personnel arrangement, CEO Richard Teng leverages his compliance background and global regulatory communication, while He Yi focuses on corporate culture, human resources, and user experience. She stated that such a dual leadership system has precedents in traditional financial institutions like JPMorgan Chase, achieving professional division of labor and institutional efficiency.

He Yi Interview: From 'I want to give it a try' to co-CEO of Binance, a new management structure of '1+1>2'

During the Binance Blockchain Week in December 2025, Binance co-founder He Yi announced she would become the co-CEO of Binance. Interviews that week revealed she would take on the responsibility of the world's largest cryptocurrency exchange, attempting to lead Binance towards a sustainable vision through organizational reform, technology integration, and value investment concepts. Below is a summary of some interview content.

Why did Binance activate a co-CEO? A new management structure of '1+1>2'

Under the new personnel arrangement, CEO Richard Teng leverages his compliance background and global regulatory communication, while He Yi focuses on corporate culture, human resources, and user experience. She stated that such a dual leadership system has precedents in traditional financial institutions like JPMorgan Chase, achieving professional division of labor and institutional efficiency.
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Trump Approves NVIDIA H200 Export to China with an Additional 25% FeeUS President Trump announced on Truth Social that he approved NVIDIA to export AI processors H200 to China, with an additional 25% fee on each H200 sale, which must undergo a complete review by the US Department of Commerce. This chip's performance far exceeds the export threshold set by the US in the past, making it the first high-end AI processor approved for export since the upgrade of export restrictions in 2022. However, it is still uncertain whether China will allow enterprises to procure H200, and the overall policy adjustment is seen as an important turning point in US-China technology regulation. Trump approves H200 for export to China, with an additional 25% fee.

Trump Approves NVIDIA H200 Export to China with an Additional 25% Fee

US President Trump announced on Truth Social that he approved NVIDIA to export AI processors H200 to China, with an additional 25% fee on each H200 sale, which must undergo a complete review by the US Department of Commerce. This chip's performance far exceeds the export threshold set by the US in the past, making it the first high-end AI processor approved for export since the upgrade of export restrictions in 2022. However, it is still uncertain whether China will allow enterprises to procure H200, and the overall policy adjustment is seen as an important turning point in US-China technology regulation.

Trump approves H200 for export to China, with an additional 25% fee.
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Google DeepMind CEO: 5 to 10 years until AGI, AI development opportunities and risks go hand in handGoogle DeepMind CEO Demis Hassabis outlined DeepMind's research direction, advancements in technologies such as multimodal and world models, and discussed the development of AI agents and related risks during the closing conversation at the 'AI+SF Summit' held by Axios in San Francisco. He also evaluated the US-China AI competitive landscape and rarely provided a timeline estimate for AGI, believing that it is about 5 to 10 years away from 'AI systems with human cognitive abilities'. Nobel aura blessing, scientist thinking dominates DeepMind At the beginning of the event, host Mike Allen introduced Hassabis as a chess prodigy at age 5 and a Nobel Prize winner at age 48. Hassabis admitted that even after winning the award, it still feels surreal, but the actual impact is very evident.

Google DeepMind CEO: 5 to 10 years until AGI, AI development opportunities and risks go hand in hand

Google DeepMind CEO Demis Hassabis outlined DeepMind's research direction, advancements in technologies such as multimodal and world models, and discussed the development of AI agents and related risks during the closing conversation at the 'AI+SF Summit' held by Axios in San Francisco. He also evaluated the US-China AI competitive landscape and rarely provided a timeline estimate for AGI, believing that it is about 5 to 10 years away from 'AI systems with human cognitive abilities'.

Nobel aura blessing, scientist thinking dominates DeepMind

At the beginning of the event, host Mike Allen introduced Hassabis as a chess prodigy at age 5 and a Nobel Prize winner at age 48. Hassabis admitted that even after winning the award, it still feels surreal, but the actual impact is very evident.
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The deterioration of Japan-China relations continues, with Japanese law professor Nahoko Eto analyzing the underlying causes and possible future developmentsTensions between Japan and China have escalated again. Japan's Ministry of Defense recently announced that a J-15 fighter jet, which took off from a Chinese naval aircraft carrier, illuminated a Japan Air Self-Defense Force F-15 with radar, raising concerns about the increased risk of military conflict. Against the backdrop of ongoing diplomatic tensions, China has reacted strongly to Japanese Prime Minister Fumio Kishida's remarks on Taiwan, further exacerbating bilateral opposition. Pivot program host Chisa Koshimizu interviews Professor Nahoko Eto of the Faculty of Law at Gakushuin University, an expert in East Asian international politics, to deeply analyze the underlying structure and possible directions of the deterioration of Japan-China relations. Eto pointed out that the current situation is no longer merely an extension of a single diplomatic incident but is characterized by China's desire to reshape its international image, packaging itself as a proponent of international pacifism, strategically utilizing past and present contradictions with Japan. Below are the highlights of the interview video.

The deterioration of Japan-China relations continues, with Japanese law professor Nahoko Eto analyzing the underlying causes and possible future developments

Tensions between Japan and China have escalated again. Japan's Ministry of Defense recently announced that a J-15 fighter jet, which took off from a Chinese naval aircraft carrier, illuminated a Japan Air Self-Defense Force F-15 with radar, raising concerns about the increased risk of military conflict. Against the backdrop of ongoing diplomatic tensions, China has reacted strongly to Japanese Prime Minister Fumio Kishida's remarks on Taiwan, further exacerbating bilateral opposition.

Pivot program host Chisa Koshimizu interviews Professor Nahoko Eto of the Faculty of Law at Gakushuin University, an expert in East Asian international politics, to deeply analyze the underlying structure and possible directions of the deterioration of Japan-China relations. Eto pointed out that the current situation is no longer merely an extension of a single diplomatic incident but is characterized by China's desire to reshape its international image, packaging itself as a proponent of international pacifism, strategically utilizing past and present contradictions with Japan. Below are the highlights of the interview video.
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Octra focuses on the privacy track, launching an ICO on Sonar with a valuation of 200 million USD, can it benchmark against Zama?Fully Homomorphic Encryption (FHE) track privacy chain Octra announced it will launch an ICO on Sonar with a fully diluted valuation (FDV) of 200 million USD, selling 10% of tokens and raising 20 million USD. However, there is intense discussion about whether its valuation and fundraising pace are sufficient to benchmark against the current track leader Zama. Meanwhile, Zama will also hold a token auction in January next year, with both competing against each other, making it hard to maintain wallets. Sonar re-launches ICO: Octra raises 20 million USD with a 200 million USD FDV Octra announced that after experiencing a 4 million USD pre-seed financing from Finality Capital, Big Brain Holdings, Cogitent Ventures, and Outlier Ventures, the team turned to conduct two rounds of community-style private placements (totaling 4 million USD) on Echo, bringing its total fundraising amount to only 8 million USD.

Octra focuses on the privacy track, launching an ICO on Sonar with a valuation of 200 million USD, can it benchmark against Zama?

Fully Homomorphic Encryption (FHE) track privacy chain Octra announced it will launch an ICO on Sonar with a fully diluted valuation (FDV) of 200 million USD, selling 10% of tokens and raising 20 million USD. However, there is intense discussion about whether its valuation and fundraising pace are sufficient to benchmark against the current track leader Zama. Meanwhile, Zama will also hold a token auction in January next year, with both competing against each other, making it hard to maintain wallets.

Sonar re-launches ICO: Octra raises 20 million USD with a 200 million USD FDV

Octra announced that after experiencing a 4 million USD pre-seed financing from Finality Capital, Big Brain Holdings, Cogitent Ventures, and Outlier Ventures, the team turned to conduct two rounds of community-style private placements (totaling 4 million USD) on Echo, bringing its total fundraising amount to only 8 million USD.
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10x Research: Prediction market grows rapidly, elite traders profit from information gaps targeting retail investors.The prediction market is expected to grow rapidly in the near term, but the research organization 10x Research warns that most retail investors in the market are actually more like gamblers participating in sports betting, pursuing dopamine stimulation far more than strategic analysis. This allows the few 'elite traders' who effectively use data and understand risk hedging to profit from information gaps, turning the prediction market into a new battleground for elite traders to target retail investors. The prediction market becomes a battleground, elite traders target retail investors seeking stimulation. 10x Research indicates that the prediction market is becoming a battleground between 'well-informed elite traders vs. retail investors seeking dopamine stimulation.'

10x Research: Prediction market grows rapidly, elite traders profit from information gaps targeting retail investors.

The prediction market is expected to grow rapidly in the near term, but the research organization 10x Research warns that most retail investors in the market are actually more like gamblers participating in sports betting, pursuing dopamine stimulation far more than strategic analysis. This allows the few 'elite traders' who effectively use data and understand risk hedging to profit from information gaps, turning the prediction market into a new battleground for elite traders to target retail investors.

The prediction market becomes a battleground, elite traders target retail investors seeking stimulation.

10x Research indicates that the prediction market is becoming a battleground between 'well-informed elite traders vs. retail investors seeking dopamine stimulation.'
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Does Bitcoin Enter a Multi-Dimensional Universe? AfterDark ETF Skips U.S. Stock Trading Hours, Only Holds at NightNicholas Financial Corporation, a U.S. wealth management company (abbreviated as Nicholas Financial), recently submitted an application to the U.S. Securities and Exchange Commission (SEC), planning to launch an innovative Bitcoin ETF financial product called 'After Dark.' The main feature of this ETF is that it skips the U.S. stock trading hours, only holding Bitcoin BTC during the night in the U.S., and switching to invest in U.S. Treasuries or cash and other low-risk assets during the day, which sounds quite magical. According to the application document, the operation process of AfterDark (officially named Nicholas Bitcoin and Treasuries AfterDark ETF (NGTH) is as follows: After the U.S. stock market closes at 4 PM Eastern Time, the fund will buy Bitcoin, hold it until just before the opening of the U.S. stock market the next day (around 9:30 AM Eastern Time), and then sell the Bitcoin, instead investing in short-term U.S. Treasuries, cash, and other assets. In other words, during daytime trading hours, the fund does not hold Bitcoin.

Does Bitcoin Enter a Multi-Dimensional Universe? AfterDark ETF Skips U.S. Stock Trading Hours, Only Holds at Night

Nicholas Financial Corporation, a U.S. wealth management company (abbreviated as Nicholas Financial), recently submitted an application to the U.S. Securities and Exchange Commission (SEC), planning to launch an innovative Bitcoin ETF financial product called 'After Dark.' The main feature of this ETF is that it skips the U.S. stock trading hours, only holding Bitcoin BTC during the night in the U.S., and switching to invest in U.S. Treasuries or cash and other low-risk assets during the day, which sounds quite magical.

According to the application document, the operation process of AfterDark (officially named Nicholas Bitcoin and Treasuries AfterDark ETF (NGTH) is as follows: After the U.S. stock market closes at 4 PM Eastern Time, the fund will buy Bitcoin, hold it until just before the opening of the U.S. stock market the next day (around 9:30 AM Eastern Time), and then sell the Bitcoin, instead investing in short-term U.S. Treasuries, cash, and other assets. In other words, during daytime trading hours, the fund does not hold Bitcoin.
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Musk: The cost of founding DOGE is too high, Tesla and many companies are all affectedIn the latest interview, Musk stated that if he could do it all over again, he would not found the Government Efficiency Department (DOGE) because the cost of reform was too high, it caused strong backlash, and further affected the operations of his own company (Tesla), once again proving that the rigidity and resistance of the government system are far deeper than imagined. DOGE was originally just a joke, but never expected it to reach the White House. At the beginning of the interview, the host took Musk back to the footage from the day he was sworn in, when he was handed a computer and a phone, and began to address the so-called government efficiency reform. Musk stated that the original name of DOGE was actually called the Government Efficiency Commission, but someone suggested in an online comment:

Musk: The cost of founding DOGE is too high, Tesla and many companies are all affected

In the latest interview, Musk stated that if he could do it all over again, he would not found the Government Efficiency Department (DOGE) because the cost of reform was too high, it caused strong backlash, and further affected the operations of his own company (Tesla), once again proving that the rigidity and resistance of the government system are far deeper than imagined.

DOGE was originally just a joke, but never expected it to reach the White House.

At the beginning of the interview, the host took Musk back to the footage from the day he was sworn in, when he was handed a computer and a phone, and began to address the so-called government efficiency reform.

Musk stated that the original name of DOGE was actually called the Government Efficiency Commission, but someone suggested in an online comment:
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Bitcoin company Twenty One, led by Tether, officially listed as XXI, stock price plummets 20%The American Bitcoin company Twenty One Capital, which directly invested in Bitcoin through the world's largest stablecoin issuer Tether, officially began trading yesterday on the New York Stock Exchange under the ticker 'XXI', but its stock price fell nearly 20%. CEO Jack Mallers stated in an interview with CNBC that while Twenty One Capital will also be committed to buying Bitcoin, it is not solely a Bitcoin reserve strategy company; the company will strive to build revenue-generating brokerage, credit, and lending businesses based on Bitcoin. Who are the investors behind Twenty One?

Bitcoin company Twenty One, led by Tether, officially listed as XXI, stock price plummets 20%

The American Bitcoin company Twenty One Capital, which directly invested in Bitcoin through the world's largest stablecoin issuer Tether, officially began trading yesterday on the New York Stock Exchange under the ticker 'XXI', but its stock price fell nearly 20%. CEO Jack Mallers stated in an interview with CNBC that while Twenty One Capital will also be committed to buying Bitcoin, it is not solely a Bitcoin reserve strategy company; the company will strive to build revenue-generating brokerage, credit, and lending businesses based on Bitcoin.

Who are the investors behind Twenty One?
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Tempo Testnet Launch by Stripe and Paradigm, AI and Banking Giants as PartnersThe payment-oriented public chain Tempo, jointly incubated by Stripe and Paradigm and valued at up to 5 billion USD, officially launched its public testnet this week, attracting participation from over 40 tech giants and financial institutions, including OpenAI, Visa, and Shopify. This L1 features transaction fees as low as 0.1 cents and dedicated payment channels, aiming to become the primary infrastructure for on-chain payments and has the potential to reshape cross-border remittances, AI-driven business agency, and corporate financial processes. Tempo Testnet Launch: Stripe and Paradigm Build the Next Generation Payment-Specific Chain Tempo recently announced the official launch of its public testnet, symbolizing that this payment-specific L1, incubated by Stripe and Paradigm and valued at approximately 5 billion USD, has transitioned from concept to a functional network.

Tempo Testnet Launch by Stripe and Paradigm, AI and Banking Giants as Partners

The payment-oriented public chain Tempo, jointly incubated by Stripe and Paradigm and valued at up to 5 billion USD, officially launched its public testnet this week, attracting participation from over 40 tech giants and financial institutions, including OpenAI, Visa, and Shopify. This L1 features transaction fees as low as 0.1 cents and dedicated payment channels, aiming to become the primary infrastructure for on-chain payments and has the potential to reshape cross-border remittances, AI-driven business agency, and corporate financial processes.

Tempo Testnet Launch: Stripe and Paradigm Build the Next Generation Payment-Specific Chain

Tempo recently announced the official launch of its public testnet, symbolizing that this payment-specific L1, incubated by Stripe and Paradigm and valued at approximately 5 billion USD, has transitioned from concept to a functional network.
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SpaceX is expected to become the largest IPO in history; how can investors get ahead?According to Bloomberg, SpaceX, led by the world's richest person Elon Musk, is pushing for an IPO plan aiming to raise over $30 billion, which would make it the largest IPO in history. SpaceX announced in September that its equity acquisition of EchoStar (stock code SATS) surged nearly 6% yesterday, as buying SATS is equivalent to owning shares of SpaceX. SpaceX aims to raise $30 billion and is expected to become the largest IPO in history Insiders reveal that SpaceX is pushing for an initial public offering (IPO) plan, aiming to raise over $30 billion, surpassing Saudi Aramco's record of $29 billion raised during its record-setting IPO in 2019, making it the largest IPO in history. The company's goal is to achieve an estimated valuation of about $1.5 trillion and plans to go public in mid to late 2026 at the earliest.

SpaceX is expected to become the largest IPO in history; how can investors get ahead?

According to Bloomberg, SpaceX, led by the world's richest person Elon Musk, is pushing for an IPO plan aiming to raise over $30 billion, which would make it the largest IPO in history. SpaceX announced in September that its equity acquisition of EchoStar (stock code SATS) surged nearly 6% yesterday, as buying SATS is equivalent to owning shares of SpaceX.

SpaceX aims to raise $30 billion and is expected to become the largest IPO in history

Insiders reveal that SpaceX is pushing for an initial public offering (IPO) plan, aiming to raise over $30 billion, surpassing Saudi Aramco's record of $29 billion raised during its record-setting IPO in 2019, making it the largest IPO in history. The company's goal is to achieve an estimated valuation of about $1.5 trillion and plans to go public in mid to late 2026 at the earliest.
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Bitcoin surges to 94K ahead of Federal Reserve interest rate decision, short liquidations soarTraders are eagerly awaiting the Federal Reserve's upcoming interest rate decision. Bitcoin (BTC) surged above 94K last night, while Ethereum (ETH) climbed back to 3,300 USD, driving the overall cryptocurrency market capitalization higher. Over the past 24 hours, short positions worth over 300 million USD have been liquidated. The market is eagerly anticipating the Federal Reserve's interest rate decision. Traders are eagerly awaiting the Federal Reserve's upcoming interest rate decision. The last interest rate decision of the year is set to be announced at 3 AM Taiwan time on 12/11, followed by a press conference with Chairman Powell. The market expects the Federal Reserve to cut rates by another 25 basis points. According to the CME FedWatch Tool, the probability of a rate cut is around 87%, up from 67% a month ago. The dot plot and economic forecasts to be released, along with Chairman Powell's remarks, will significantly influence market trends.

Bitcoin surges to 94K ahead of Federal Reserve interest rate decision, short liquidations soar

Traders are eagerly awaiting the Federal Reserve's upcoming interest rate decision. Bitcoin (BTC) surged above 94K last night, while Ethereum (ETH) climbed back to 3,300 USD, driving the overall cryptocurrency market capitalization higher. Over the past 24 hours, short positions worth over 300 million USD have been liquidated.

The market is eagerly anticipating the Federal Reserve's interest rate decision.

Traders are eagerly awaiting the Federal Reserve's upcoming interest rate decision. The last interest rate decision of the year is set to be announced at 3 AM Taiwan time on 12/11, followed by a press conference with Chairman Powell. The market expects the Federal Reserve to cut rates by another 25 basis points. According to the CME FedWatch Tool, the probability of a rate cut is around 87%, up from 67% a month ago. The dot plot and economic forecasts to be released, along with Chairman Powell's remarks, will significantly influence market trends.
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Hashkey to IPO in Hong Kong next week! Analysts warn of two major risks: severely embellished financial statements and lack of asset transparency.Hashkey, a Hong Kong-compliant exchange, is about to list on the Hong Kong Stock Exchange with a valuation of HK$19 billion, but a close reading of the prospectus reveals many problems. For example, regardless of how badly HSK's stock price falls in the market, the company's balance sheet will not be affected, concealing the risk of token price volatility. Researchers further warned that Hashkey's list of total digital assets did not detail the proportions of Bitcoin, Ethereum, and its own token, HSK. This means outsiders cannot know how much of its assets consist of highly liquid mainstream cryptocurrencies and how much is HSK, which is issued by the company itself and has lower liquidity. The author adds: This risk is very similar to that of FTX and FTT in the past.

Hashkey to IPO in Hong Kong next week! Analysts warn of two major risks: severely embellished financial statements and lack of asset transparency.

Hashkey, a Hong Kong-compliant exchange, is about to list on the Hong Kong Stock Exchange with a valuation of HK$19 billion, but a close reading of the prospectus reveals many problems. For example, regardless of how badly HSK's stock price falls in the market, the company's balance sheet will not be affected, concealing the risk of token price volatility.

Researchers further warned that Hashkey's list of total digital assets did not detail the proportions of Bitcoin, Ethereum, and its own token, HSK. This means outsiders cannot know how much of its assets consist of highly liquid mainstream cryptocurrencies and how much is HSK, which is issued by the company itself and has lower liquidity. The author adds: This risk is very similar to that of FTX and FTT in the past.
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