AICoin Daily Report (December 08)

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22 hours ago

1. Zhao Changpeng suggests national leaders to buy Bitcoin as soon as possible

Binance founder Zhao Changpeng stated that he is telling national leaders that if they do not buy Bitcoin now, they may need to purchase it at a price of 50 million dollars each in the future. -Original

2. If Bitcoin reaches $100,000, $9.1 billion in shorts will be liquidated

If the price of Bitcoin rebounds to $100,000, approximately $9.1 billion in short positions will be liquidated. -Original

3. A historic year for gold may be coming, and the Federal Reserve may cut interest rates

Larry Kudlow, director of the U.S. National Economic Council, stated that unless there is a "black swan" type of disruption, the U.S. is set to experience a golden year in economic history. He mentioned that if the growth rate in the first and second quarters of next year is only 3%, he would be disappointed and believes the growth rate could easily be increased by another percentage point. Kudlow also expects Federal Reserve policymakers to lower interest rates at next week's meeting and stated that now is a good time for the Fed to cautiously cut rates. -Original

4. Musk criticizes EU's €120 million fine and calls for its abolition

Musk expressed strong dissatisfaction with the European Union's €120 million fine imposed on the social media platform X, stating on X that the EU's decision is absurd and even imposes fines on him personally. He indicated that he would respond to relevant senior EU officials and called for the abolition of the EU. The U.S. government condemned the EU's fine, believing it specifically targets American companies. Former President Trump warned that if the EU continues to punish American tech companies, the U.S. will impose tariffs on the EU. -Original

5. U.S. SEC to hold a roundtable on cryptocurrency and privacy

The U.S. Securities and Exchange Commission (SEC) will hold a roundtable on December 15 regarding cryptocurrency, financial surveillance, and privacy, with participants including Zooko Wilcox, founder of the privacy-focused cryptocurrency Zcash. Analysts point out that the SEC may assess the regulatory weight of cryptocurrency privacy projects in its rule-making process during the meeting; if zero-knowledge proofs are deemed compliant, they may be included in relevant rules. If the meeting splits into factions of "privacy rights" and "privacy enabling crime," it may continue to use a surveillance-focused framework, potentially leading to legal actions from privacy advocates. -Original

6. Hardcore short whale with 20x leverage BTC short position sees over $20 million in unrealized gains

Data from Hyperbot shows that after a brief drop in Bitcoin prices, a whale address that has shorted BTC four times in a row (0x5D2…9bb7) with a 20x leveraged BTC short position currently has unrealized gains exceeding $20 million, holding approximately 860 BTC, with a liquidation price of $101,746. -Original

7. Chudi Holdings and Hong Kong Polytechnic University establish a stablecoin research center

Hong Kong-listed company Chudi Holdings has invested HKD 1.7 million to establish a stablecoin research center in collaboration with the Hong Kong Polytechnic University. The center will focus on the research and development of regulatory-compliant stablecoins and the tokenization of real-world assets (RWA), with goals including the formulation of an RWA framework consistent with Hong Kong's "Stablecoin Regulation Draft" and "Virtual Asset Policy Declaration 2.0," as well as promoting innovations in AI-driven tokenization and real-time asset valuation models. -Original

8. French bank BPCE launches in-app cryptocurrency trading service

French bank BPCE will launch cryptocurrency trading features for customers within its application. -Original

The above is a selection of hot topics from the past 24 hours. For faster news, please download AiCoin (aicoin.com)

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