Important information last night and this morning (December 30-December 31)
Reprinted from panewslab
12/31/2024·4M
American Blockchain Association sues IRS over new digital asset reporting rules
According to Cointelegraph, the U.S. Internal Revenue Service (IRS) has issued new regulations requiring digital asset platforms, including decentralized exchanges (DEX), to disclose user transaction information and crypto asset sales revenue starting in 2027. The Blockchain Association and the Texas Blockchain Commission filed a lawsuit, claiming that the rule is unconstitutional, violates the Administrative Procedure Act, and may have a serious impact on the U.S. digital asset field.
South Korean court issues arrest warrant for Yoon Seok-yue on suspicion of civil unrest
Judge delays CFTC vs. Gemini trial to January 21
Biden orders executive branch of government to close on January 9, 2025
According to on-chain data monitored by ZachXBT, the Blockchain Bandit attacker became active again after years of dormancy, gathering a total of 51,000 ETH (approximately $172.2 million) into a multi-signature address (0xC45C…D542).
Bloomberg: BlackRock’s Bitcoin Fund Becomes ‘Greatest ETF Launch in History’
According to Bloomberg, BlackRock’s iShares unit offers more than 1,400 ETFs globally, but none of them perform as well as its Bitcoin ETF. The iShares Bitcoin Trust (IBIT) broke industry records when it launched in 2024. In just 11 months, its assets have swelled to more than $50 billion. IBIT's size has swelled to equal the combined assets of more than 50 European-focused ETFs, many of which have been around for more than 20 years. Nate Geraci, president of consulting firm The ETF Store, called it "the greatest launch in ETF history." As Bloomberg Intelligence analyst James Seyffart said: "IBIT's growth is unprecedented. It is the fastest ETF to reach most milestones, faster than other ETFs in any asset class." He added that with the current asset size and With an expense ratio of 0.25%, IBIT is expected to earn approximately $112 million annually.
Binance Alpha adds COCO, vvaifu, MIRA, SKI, ALCH
FTX creditor Sunil accuses aixbt of spreading false information related to FTX
The Wormhole Foundation tweeted this morning that today's FEG token issue has nothing to do with Wormhole, and all Wormhole contracts are completely unaffected. Analysis by blockchain security agency CertiK shows that the FEG Bridge was attacked on December 29, 2024. The problem originated from a cross-chain message processing logic error in the relay contract. The contract is deployed by an address funded by the FEG team and has no connection with the Wormhole team.
Unichain will launch a new verification network in 2025
GitHub Trending data shows that Eliza, the autonomous agent framework developed by the ai16z team, ranked first in the December trend list, with 4,531 new stars this month and a total of 7,028 stars.
According to official news, AlloyX, an Asia-based aggregate sales infrastructure platform, announced the completion of US$10 million in Pre-A round financing to expand global stablecoin infrastructure construction and plans to expand its business scale in the UAE, ASEAN and Africa. It is reported that investors in this round of financing include Solomon Fund, Arbitrum Foundation, Offchain Labs, PMT Capital, Ming Capital, Fern Win Capital, Whitecove Capital and Kiln SAS and many other institutions. The funding comes on the heels of major developments in the stablecoin payments space, including Stripe’s $1.1 billion acquisition of Bridge and BVNK’s $50 million Series B round at a $750 million valuation.
DefiLlama: DEX trading volume hit record high of $462 billion in December
On December 30, 2024, the wallet associated with Tether added 8,404.48 BTC, worth approximately $772 million. As of now, the total holdings of Tether have reached 83,758.57 BTC, with a market value of approximately US$7.7 billion. The transaction included the receipt of 7,628.92 BTC from the Bitfinex tag wallet and the subsequent transfer of 775.568 BTC.
It is worth noting that Tether has used the auspicious number "8" many times in previous acquisitions, such as the purchase of 8,888.88 BTC in March 2024 and December 2023. This digital model has prompted speculation about its strategic or symbolic meaning. In addition, Tether also manages a diverse asset portfolio, including 4.8 million CRO, 2.293 million TRX, 148.46 ETH, 753,036 USDC and 176 BNB.
USDC Treasury minted 400 million USDC this morning
MicroStrategy: Approximately $6.88 billion in shares still available for issuance and sale
MicroStrategy announced that between December 23, 2024 and December 29, 2024, under the Underwriting Agreement, the company has sold a cumulative 592,987 shares, and MicroStrategy has received total net proceeds (after deducting underwriting commissions) of approximately 209 million Dollar. As of December 29, 2024, approximately $6.88 billion of shares remain available for issuance and sale under the underwriting agreement.
MicroStrategy spent approximately US$209 million to increase its holdings of 2,138 Bitcoins again
According to MicroStrategy's latest 8-K filing, MicroStrategy announced that between December 23, 2024 and December 29, 2024, it used proceeds from the issuance and sale of shares under the underwriting agreement to purchase approximately 2,138 shares for approximately $209 million in cash. Bitcoin, the average price is approximately $97,837 per Bitcoin (including fees and expenses). As of December 29, 2024, MicroStrategy and its subsidiaries held a total of approximately 446,400 Bitcoins, with a total purchase price of approximately $27.9 billion, and an average purchase price of approximately $62,428 per Bitcoin (including fees and expenses).
A swing trader repurchased 25,204.6 ETH for 82.34 million USDT
According to on-chain analyst Ember’s monitoring, swing traders re-purchased 25,204.6 ETH for 82.34 million USDT in the past 7 hours after cutting off their profits yesterday afternoon, with an average price of $3,322. Approximately 34.5 million USDT of this amount came from the funds it lent on Aave as collateral for ETH. This means that he not only invested his entire position this time, but also used leverage for the first time, showing his strong optimism for the subsequent performance of ETH.
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