SEC approves Nasdaq Crypto Index ETF, Satoshi Oben sentenced to 12 months in prison

Reprinted from jinse

12/20/2024·5M

headlines

▌U.S . SEC approves Hashdex Nasdaq Bitcoin and Ethereum Crypto Index ETF

According to market news, the U.S. Securities and Exchange Commission approved the Hashdex Nasdaq Bitcoin and Ethereum Crypto Index ETF.

▌Craig Wright was sentenced to 12 months in prison, suspended for two years

Australian scientist Craig Wright, who claimed to be Satoshi Nakamoto, was found in contempt of court and sentenced to 12 months in prison, suspended for two years. It is reported that he appeared in court via video link and refused to disclose his specific location, but said he would appeal.

Previously, Wright launched a £900 billion "legal action" involving intellectual property rights. In March this year, a British judge ruled that Wright was not Satoshi Nakamoto. The Cryptozoological Open Patent Alliance (COPA) first filed a lawsuit against Wright in April, seeking to prevent Wright from asserting copyright claims on the Bitcoin white paper and database. During the trial, two key figures took the stand, including Adam Back, the pioneer of Bitcoin’s proof-of-work consensus system.

Quotes

As of press time, according to Coingecko data:

BTC’s recent transaction price was US$97,467.82, with an intraday increase or decrease of -3.4% ;

ETH’s recent transaction price was US$3,405.34, with an intraday increase or decrease of -6.7% ;

BNB’s recent transaction price was US$664.30, with an intraday increase or decrease of -4.0 % ;

SOL’s recent transaction price was US$193.06, with an intraday increase or decrease of -7.1 % ;

The recent transaction price of DOGE was 0.3116 yuan, with an intraday increase or decrease of -2.3% ;

XPR’s recent transaction price was $2.24, with an intraday increase or decrease of -4.3% .

policy

▌ The team behind Meme Coin HAWK was sued by investors for allegedly violating securities laws

A court filing shows that the team behind the meme coin HAWK, which is linked to internet celebrity Haliey Welch, or “Hawk Tuah Girl,” is being sued by investors for allegedly violating securities laws.

The lawsuit alleges that HAWK acted like an unregistered security, attracting first-time cryptocurrency investors who subsequently suffered "substantial losses" after the token fell. Twelve plaintiffs who invested in HAWK suffered a total of $151,000 in financial losses and sued and requested a jury trial. The indictment also claims that a wallet controlled by the Tuah Foundation collected $3 million in token transaction fees.

▌German regulator orders Worldcoin to delete human eyeball biometric data

German regulator the Bavarian State Data Protection Supervisory Office ordered Worldcoin’s human verification project to delete biometric data collected through eye scans. Worldcoin said it had changed its processes and the German regulator’s findings largely involved outdated operations and technology that had been replaced by 2024.

The Bavarian State Data Protection Supervisory Office concluded an investigation that began in April 2023 and said in a statement on Wednesday: Worldcoin is obliged to provide GDPR (General Data Protection Regulation)-compliant deletion within one month of the decision taking effect. procedures, and delete certain previously collected data records without adequate legal basis.

OpenAI CEO Sam Altman said steps have been taken over the past few months to ease regulators’ concerns, including moving to a system where Worldcoin no longer stores biometric data. In order to comply with the requirements of the GDPR, the iris codes used to verify individual World IDs will no longer be stored and previously collected iris codes will be voluntarily deleted, ensuring that no personal data used to operate World IDs is retained.

Blockchain application

▌Dubai tokenization platform Allo receives US$100 million in Bitcoin pledged credit support

Dubai-based tokenization platform Allo has announced it has secured a $100 million Bitcoin-backed credit facility, with financing provided by Greengage and a “long-standing U.S. institution.” The funds will be used to expand on- chain lending and real asset tokenization services.

cryptocurrency

▌Chainalysis : North Korean hackers stole $1.3 billion worth of cryptocurrency in 2024

Chainalysis said in a report released on December 19 that North Korean hackers stole more than $1.3 billion worth of cryptocurrency in 47 incidents in 2024, accounting for approximately 61% of all reported thefts that year.

“North Korea’s crypto attacks appear to be becoming more frequent,” Chainalysis said, adding: “Notably, attacks involving $50 million to $100 million and over $100 million will occur much more frequently in 2024 than in 2023 , which shows that North Korea is getting better and faster at large- scale attacks, which is in sharp contrast to the previous two years, in which North Korea attacked more frequently and generated more profit per attack. All below $50 million.”

▌The Trump family encryption project WLFI bought 722.2 ETH 1 hour ago, with an average price of US$3,461.

According to Arkham monitoring, one hour ago, the Trump family encryption project WLFI spent 2.5 million USDC to purchase 722.2 ETH, with the average price of a single transaction being $3,461.

▌Report : Coinbase Advanced transaction volume increased by 191%, and the number of users increased by 77%

Cryptocurrency exchange Coinbase’s platform for professional traders, Coinbase Advanced, saw a surge in users and trading volume in 2024, according to a report by Investing.com.

The December 19 report stated that the platform’s trading volume increased by 191%, mainly due to strong growth in derivatives trading, and the number of users increased by 77%. Aimed at experienced traders, Coinbase Advanced charges users a fixed monthly fee in exchange for discounted trading costs, a wider range of order types and analytical tools.

Coinbase revealed to Investing.com that derivatives products have experienced particularly rapid growth, with trading volume soaring by approximately 10,950% in 2024.

▌ Eigen Foundation issued a grant of 1 million EIGEN tokens to AltLayer

According to the official announcement, the Eigen Foundation issued a grant of 1 million EIGEN tokens to AltLayer. AltLayer stated that the tokens will be used directly to give back to the community. The first batch of 500,000 EIGEN tokens will be distributed to reALT holders and reALT holders starting this week. Pledger. The remaining 500,000 EIGEN tokens will be distributed when Eigen Layer’s V2 reward mechanism launches on its mainnet in 2025.

Important economic developments

▌The probability that the Fed will keep interest rates unchanged in January next year is 91.4%

According to CME's "Fed Watch", the probability that the Federal Reserve will keep interest rates unchanged in January next year is 91.4%, and the probability of cutting interest rates by 25 basis points is 8.6%. The probability of keeping current interest rates unchanged by March next year is 53%, the probability of a cumulative 25 basis point interest rate cut is 43.4%, and the probability of a cumulative 50 basis point interest rate cut is 3.6%.

▌The U.S. dollar index rose 0.36% on the 19th

The U.S. dollar index, which measures the U.S. dollar against six major currencies, rose 0.36% on the 19th and closed at 108.409 in late foreign exchange trading. As of late trading in New York, 1 euro was worth $1.0362, down from $1.0376 on the previous trading day; 1 pound was worth $1.2505, down from $1.2593 on the previous day. 1 U.S. dollar was exchanged for 157.43 Japanese yen, higher than 154.66 yen on the previous trading day; 1 U.S. dollar was exchanged for 0.8983 Swiss francs, lower than 0.9003 Swiss francs on the previous trading day; 1 U.S. dollar was exchanged for 1.4388 Canadian dollars, lower than the previous trading day 1.4417 Canadian dollars; 1 U.S. dollar exchanged for 11.0322 Swedish kronor, down from 11.1102 Swedish kronor on the previous trading day.

Golden Encyclopedia

▌What is Rollup?

Rollup is a way of processing transactions on a Layer 2 protocol that frees up valuable space in the base layer. Rollup folds transactions one by one on the second layer, sometimes dozens of times, then rolls them together before sending the data back to Layer 1. There are two main types of Rollup, optimistic and zero-knowledge (ZK) proof. Optimistic Rollup is a fairly clear term. This means that Rollup operates with an "optimistic" approach, assuming transactions are valid unless proven wrong by the validator. They will check the validity of the transaction only if there is a dispute. ZK Rollup certifies transactions without revealing any transaction data. Therefore, it is called "zero knowledge". ZK Rollup provides instant finality because cryptographically proven data is guaranteed to be valid. In many ways, Rollup is to your standard blockchain transaction what Calzone is to your average pizza slice. By scrolling, you can put more stuff in.

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.