MicroStrategy stock price rises 477% year to date Aave considers integrating Chainlink SVR
Reprinted from jinse
12/24/2024·5Mheadlines
▌ MicroStrategy’s share price rose 477% during the year, ranking second only to AppLovin among U.S. technology companies with a market value of over US$5 billion.
According to FactSet data, from the beginning of 2024 to the close of last Friday, December 20, MicroStrategy's stock price has risen 477%, second only to AppLovin among all U.S. technology companies with a market value of more than $5 billion. Previously, the company's stock price rose 346% in 2023.
On Monday, MicroStrategy said in a filing that it acquired an additional 5,262 Bitcoins over the past week for approximately $561 million, at a price of $106,662 per Bitcoin. This brings the company’s total holdings to 444,262 Bitcoins.
▌ Aave considers integrating Chainlink SVR service
Aave is considering integrating a new Chainlink oracle – Smart Value Recycling (SVR), designed to redistribute profits from trade front-running to DeFi users, according to a proposal in the Aave Governance Forum.
Chainlink’s Smart Value Recycling (SVR) is an oracle service designed to capture profits from Maximum Extractable Value (MEV) to benefit DeFi protocols. Aave estimates that SVR can capture approximately 40% of MEV profits, which can Reassigned to Aave DAO to benefit users.
Quotes
As of press time, according to Coingecko data:
BTC’s recent transaction price was US$94,380.70, with an intraday increase or decrease of -0.6% ;
ETH’s recent transaction price was US$3,399.99, with an intraday increase or decrease of +3.9% ;
BNB’s recent transaction price was US$689.08, with an intraday increase or decrease of +6.3 % ;
SOL’s recent transaction price was US$188.93, with an intraday increase or decrease of +5.3 % ;
DOGE’s recent transaction price was 0.3224 yuan, with an intraday increase or decrease of +3.6% ;
XPR’s recent transaction price was $2.25, with an intraday increase or decrease of +2.5% .
policy
▌Crypto -friendly congressman Bernie Moreno appointed to Senate Banking Committee
Cryptocurrency-friendly Senator-elect Bernie Moreno (R-Ohio) has been appointed to the Senate Banking Committee. The Senate Banking Committee, which could be key to getting crypto-related bills off the ground in 2025, has jurisdiction over two key agencies: the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission. Other pro- cryptocurrency lawmakers, including Sen. Cynthia Loomis (R-Wyo), were assigned to remain on the committee.
The full Senate is expected to confirm the appointments early in the next Congress. According to the statement, Moreno was also appointed to the Senate Commerce Committee, Senate Budget Committee and Senate Homeland Security and Governmental Affairs Committee.
▌The IRS said in a lawsuit that crypto pledges should be taxed
The Internal Revenue Service (IRS) said in a lawsuit that staking cryptocurrencies should create a tax liability immediately upon completion.
The IRS dismissed a lawsuit filed by cryptocurrency investor Joshua Jarrett in the U.S. District Court for the Middle District of Tennessee. The lawsuit concerns the tax treatment of staking, a process in which new tokens are generated by using existing tokens and computing power to verify currency transactions. In its response on December 20, the IRS denied that staking created new property and argued that the taxpayer (Jarrett) should pay taxes on the value of the tokens rewarded for staking when they receive them.
▌Grayscale submitted Grayscale Horizen Trust (ZEN) Form 8-K to the U.S. SEC
According to market news, Grayscale has submitted a Grayscale Horizen Trust (ZEN) Form 8-K to the U.S. Securities and Exchange Commission (SEC).
Blockchain application
▌ MoonPay is in talks to acquire crypto payments platform Helio for $150 million
According to Fox Business News reporter Eleanor Terrett, crypto payment service provider moonpay is negotiating to acquire Helio for approximately $150 million, which would be MoonPay’s largest acquisition to date.
Helio is an alternative to Coinbase Commerce that provides a self-service crypto payments platform that enables content creators and e-commerce merchants to get paid in cryptocurrency. It currently offers “white label solutions” that include trading infrastructure for Solana Pay and DEX Screener.
▌ Crypto.com launches sports prediction market in the United States
Crypto.com has announced the launch of a sports prediction market in the United States, with US customers now able to place bets on sporting events using a variety of cryptocurrencies, starting with the Super Bowl. If your forecast is correct, you can get paid within one business day of settlement.
Company spokesman Matt David said the product will leverage Crypto.com's popularity among U.S. sports fans to serve the growing number of cryptocurrency traders who want to bet on the outcomes of real-world events.
cryptocurrency
▌Robinhood CEO: The company has discussed building a Bitcoin reserve internally
Robinhood CEO Vladimir Tenev said on the Anthony Pompliano podcast that the company has discussed holding Bitcoin internally, but the company has no plans to maintain BTC reserves. "We wouldn't rule it out. So far we haven't done that, we're not in the business of being an investment manager," he said.
The CEO went on to say that while Robinhood has not followed in the footsteps of companies like MicroStrategy and Tesla and added Bitcoin to its balance sheet, his company’s stock price “is already trading in tandem with Bitcoin even though we haven’t added Bitcoin to our inventory yet. Highly relevant". Robinhood stock (ticker: HOOD) is up 202% this year, and Bitcoin has returned 110% year-to-date.
▌Analysis : There have been at least three 20% declines in the previous bull market, and this correction has not yet been touched
The Block CEO Larry Cermak pointed out on The Scoop podcast that previous crypto bull markets have seen at least three 20% declines, saying: “Even the most recent decline has not been 20%. In historical bull markets, this has been the case. It usually happens once or twice, sometimes even three times, and it clears the market of over-leveraged positions and builds momentum for the next leg up.”
Larry Cermak added: "It's helpful to clear out excess leverage. Of course, that's how bull markets tend to end."
▌ Santiment: When retail investors panic sell, whales and sharks will buy the dip and trigger a market rebound
Santiment, an encryption market research organization, posted on the X platform that the encryption market has further corrected this week, triggering panic among retail investors. Bitcoin and Ethereum, in particular, have been subject to a lot of panic selling from new traders who have just entered the market in the past 2-3 months. These new traders have not experienced medium-sized corrections before, and they are panicked by the foreign market environment with which they are unfamiliar. Historically, when retail investors start selling due to panic and emotion, whales and sharks usually seize the opportunity to buy more coins with less resistance, triggering a price rebound that may not happen immediately, but market conditions It's moving in the right direction.
▌Virtuals Protocol ecological tokens generally rose, GAME rose by 69.5% in 24 hours
Golden Finance reported that market conditions showed that Virtuals Protocol ecological tokens generally rose, including:
AIXBT is currently quoted at $0.3324, with a 24-hour increase of 21.5%;
GAME is currently quoted at $0.2601, with a 24-hour increase of 69.5%;
LUNA is currently quoted at $0.1128, with a 24-hour increase of 32.3%;
The market fluctuates greatly, so please control your risks.
▌Today ’s panic and greed index rose to 73, and the level is still greed
Today's panic and greed index rose to 73, and the level is still greed. Note: The panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market research (15%) + Bitcoin’s popularity in the entire market Proportion (10%) + Google hot word analysis (10%).
Important economic developments
▌The U.S. 10-year Treasury bond yield rose to 4.597%
The yield on the 10-year U.S. Treasury note rose to 4.597%, the highest level since May 30.
▌The Federal Reserve will seek opinions on adjustments related to bank stress tests
The Federal Reserve said on Monday that Wall Street banks will have an opportunity to comment on a series of changes to the central bank's annual bank stress tests. The Fed said it would seek public comment on the model it uses to determine banks' assumed losses and earnings under stress scenarios, and proposed reforms also include averaging results over two years to reduce year-to-year changes in capital requirements resulting from stress tests. "These proposed adjustments will not have a material impact on overall capital requirements," the Fed said in a press release. The Fed analyzed the current stress tests and decided to adjust them to increase resilience. The regulator plans to launch a public consultation process on potential adjustments to the stress tests in early 2025.
Golden Encyclopedia
▌ What is Ripple Labs’ RLUSD stablecoin?
RLUSD is a stablecoin developed by Ripple Labs, the organization behind the XRP cryptocurrency. RLUSD, or Ripple Labs USD, aims to provide a stable digital currency for trading and trading. As a stablecoin pegged to the U.S. dollar, 1 RLUSD is equal to 1 U.S. dollar. Each RLUSD maintains a 1:1 peg. These collateral assets are either U.S. dollar deposits or cash equivalents.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.
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